Essay on Management Analysts

Submitted By blackbutlerluvu
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Pages: 4

Management Analysts

The career that I have chosen for my prevalence would be Management Analysts. This occupation pertains to the following ; Management Analysts , often called Management Consultants provide ways to improve an organization’s efficiency.They advise managers on how to make organizations more profitable through reduced costs and increase revenues. The duties of a management analysts or consultant is( are ) the following: * Gather and organize information about the problem to be solved or the procedure to be improved * Interview personnel and conduct on-site observations to determine the methods, equipment, and personnel that will be needed * Analyze financial and other data, including revenue, expenditure, and employment reports, including, sometimes, building and using sophisticated mathematical models * Develop solutions or alternative practices * Recommend new systems, procedures, or organizational changes * Make recommendations to management through presentations or written reports * Confer with managers to ensure that the changes are working
They usually divide their time between their offices and the client's site. Because they must spend a significant amount of time with clients, analysts travel frequently. Analysts may experience stress when trying to meet a client's demands, often on a tight schedule.
In 2010, about 23 percent of management analysts were self-employed. Self-employed analysts can decide how much, when, and where to work. However, self-employed analysts often are under more pressure than those who are wage and salary employees, because their livelihood depends on their ability to maintain and expand their client base.

A bachelor’s degree is the typical entry-level requirement for management analysts. However, some employers prefer to hire candidates who have a master’s degree in business administration (MBA). In 2010, 28 percent of management analysts had a master’s degree.
Few colleges and universities offer formal programs in management consulting. However, many fields of study provide a suitable education because of the range of areas that management analysts address. Common fields of study include business, management, accounting, marketing, economics, statistics, computer and information science, and engineering.
Analysts also routinely attend conferences to stay up to date on current developments in their field. there are skills needed in order to obtain the type of career and those are Analytical skills. Management analysts must be able to interpret a wide range of information and use their findings to make proposals.
Communication skills. Management analysts must be able to communicate clearly and precisely in both writing and speaking. Successful analysts also need good listening skills to understand the organization’s problems and propose appropriate solutions.
Interpersonal skills. Management analysts must work with managers and other employees of the organizations where they provide consulting services. They should work as a team toward achieving the organization’s goals.
Problem-solving skills. Management analysts must be able to think creatively to solve clients' problems. Although some aspects of different clients' problems may be similar, each situation is likely to present unique challenges for the analyst to solve.
Self-confidence. Management analysts work under fairly high pressure. They should be confident and self-motivated when working with clients.
Time-management skills. Management analysts often work under tight deadlines and must use their time efficiently to complete projects on time. The median annual wage of management analysts…