How to become a management analyst

If you're looking for a new career that combines psychology with business strategy, becoming a management analyst may be right for you. Management analysts, also known as management consultants, advise businesses on how to operate more efficiently. Successful management analysts need to be able to make quick decisions. This requires an emphasis on analytical thinking, problem-solving, and communication skills.

Read on to learn how to become a management analyst.

What does a management analyst do?

Typically, management analysts work with a client, such as a corporation, that seeks to improve their efficiency, profitability, and operations. Management analysts typically help companies:

• Cut costs
• Alter production practices
• Modify their business model or sales cycles

To accomplish these goals, management analysts must absorb massive amounts of information, analyze it, and recommend changes to leadership.

Steps to become a management analyst

To become a management analyst, you must earn a degree. To increase your earning potential, gain professional experience, and consider a certification program. Read on to familiarize yourself with the steps necessary to join this profession.

Step 1: Earn a bachelor's degree or higher

Earning a bachelor's degree is a requirement for most management analyst jobs. Because management analysts are responsible for understanding the entire ecosystem around their clients, they must receive a well-rounded education. Some of the most relevant fields of study include:

• Business administration
• Psychology
• Statistics
• Economics
• Engineering

Additionally, those interested in pursuing management analysis may also consider an MBA program, such as the one offered by UC Davis through edX.

Step 2: Gain relevant experience

One of the best ways to gain the experience necessary to become a management analyst is to participate in an internship program through a school, business, or organization. For example, an internship at a consulting firm may be a good option. However, internships at corporations, nonprofits, and governments may also offer you the opportunity to gain the requisite experience.

Step 3: Consider certifications

While not specifically required, additional certifications outside a university degree may help you improve your career. Some of the most relevant and prestigious certifications for management analysts include:

• Certified marketing consultant certification: This program, offered by the Institute of Management Consultants, is internationally recognized, and graduating from it demonstrates general expertise in consulting practices.
• Federal Acquisition Certification in Contracting: Offered by the Federal Acquisition Institute, graduating from this program demonstrates expertise in government consulting practices.
• Project Management Professional Certification: Graduating from this program offered by the Project Management Institute certifies expertise in leading management analysis projects.

Get started on edX

If you're ready to get started in management analysis, consider enrolling in a certificate program with edX. edX offers a variety of opportunities relevant to this career path, including forecasting and demand planning, executive leadership, and market research.