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Management Analysts

Career Overview

Career Description: Conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. Includes program analysts and management consultants.

Industry: Business and Financial Operations

Other Job Titles for Management Analysts:

  • Administrative Services Managers
  • Training and Development Managers
  • Purchasing Managers
  • Property, Real Estate, and Community Association Managers
  • Training and Development Specialists
  • First-Line Supervisors/Managers of Office and Administrative Support Workers
  • Tellers
  • Brokerage Clerks
  • Loan Interviewers and Clerks
  • New Accounts Clerks
Get Qualified!
This career may require a Degree in Business Administration.

Personality Profile

  • Realistic: Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.
  • Investigative: Investigative occupations frequently involve working with ideas, and require an extensive amount of thinking. These occupations can involve searching for facts and figuring out problems mentally.
  • Artistic: Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.
  • Social: Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.
  • Enterprising: Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
  • Conventional: Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • First Interest High-Point: Primary-Rank Descriptiveness
  • Second Interest High-Point: Secondary-Cutoff/Rank Descriptiveness
  • Third Interest High-Point: Tertiary-Cutoff/Rank Descriptiveness

Common Work Tasks

  • Gather and organize information on problems or procedures.
  • Analyze data gathered and develop solutions or alternative methods of proceeding.
  • Confer with personnel concerned to ensure successful functioning of newly implemented systems or procedures.
  • Develop and implement records management program for filing, protection, and retrieval of records, and assure compliance with program.
  • Review forms and reports and confer with management and users about format, distribution, and purpose, and to identify problems and improvements.
  • Interview personnel and conduct on-site observation to ascertain unit functions, work performed, and methods, equipment, and personnel used.
  • Document findings of study and prepare recommendations for implementation of new systems, procedures, or organizational changes.
  • Prepare manuals and train workers in use of new forms, reports, procedures or equipment, according to organizational policy.
  • Design, evaluate, recommend, and approve changes of forms and reports.
  • Plan study of work problems and procedures, such as organizational change, communications, information flow, integrated production methods, inventory control, or cost analysis.
  • Recommend purchase of storage equipment and design area layout to locate equipment in space available.
  • Develop proposals that include documentation for estimates.
  • Plan, organize, and execute logistics support activities such as maintenance planning, repair analysis, and test equipment recommendations.
  • Provide project management services, including the provision and analysis of technical data.
  • Participate in the assessment and review of design alternatives and design change proposal impacts.
  • Support the development of training materials and technical manuals.
  • Stay informed of logistics technology advances and apply appropriate technology to improve logistics processes.
  • Redesign the movement of goods to maximize value and minimize costs.
  • Manage subcontractor activities, reviewing proposals, developing performance specifications, and serving as liaisons between subcontractors and organizations.
  • Manage the logistical aspects of product life cycles, including coordination or provisioning of samples, and the minimization of obsolescence.
  • Perform system life-cycle cost analysis and develop component studies.
  • Interview, hire, and train new employees.
  • Petition courts to transfer titles and deeds of collateral to banks.
  • Review accounts to determine write-offs for collection agencies.
  • Locate debtors using post office directories, utility services account listings, and mailing lists.
  • Arrange for maintenance and liquidation of delinquent properties.
  • Authorize and sign mail collection letters.
  • Open accounts for clients and disburse funds from clients' accounts to creditors.

Emerging Tasks

  • Perform managerial duties such as hiring and training employees, and overseeing facility needs/requirements.
  • Investigate and assess damage to property and create or review property damage estimates.
  • Review police reports, medical treatment records, medical bills, or physical property damage to determine the extent of liability.

Work Activities

  • Analyzing Data or Information: Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Assisting and Caring for Others: Providing personal assistance, medical attention, emotional support, or other personal care to others such as coworkers, customers, or patients.
  • Coaching and Developing Others: Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
  • Communicating with Persons Outside Organization: Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
  • Communicating with Supervisors, Peers, or Subordinates: Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Controlling Machines and Processes: Using either control mechanisms or direct physical activity to operate machines or processes (not including computers or vehicles).
  • Coordinating the Work and Activities of Others: Getting members of a group to work together to accomplish tasks.
  • Developing and Building Teams: Encouraging and building mutual trust, respect, and cooperation among team members.
  • Developing Objectives and Strategies: Establishing long-range objectives and specifying the strategies and actions to achieve them.
  • Documenting/Recording Information: Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
  • Drafting, Laying Out, and Specifying Technical Devices, Parts, and Equipment: Providing documentation, detailed instructions, drawings, or specifications to tell others about how devices, parts, equipment, or structures are to be fabricated, constructed, assembled, modified, maintained, or used.
  • Establishing and Maintaining Interpersonal Relationships: Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Estimating the Quantifiable Characteristics of Products, Events, or Information: Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
  • Evaluating Information to Determine Compliance with Standards: Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
  • Getting Information: Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Guiding, Directing, and Motivating Subordinates: Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
  • Handling and Moving Objects: Using hands and arms in handling, installing, positioning, and moving materials, and manipulating things.
  • Identifying Objects, Actions, and Events: Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
  • Inspecting Equipment, Structures, or Material: Inspecting equipment, structures, or materials to identify the cause of errors or other problems or defects.
  • Interacting With Computers: Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Interpreting the Meaning of Information for Others: Translating or explaining what information means and how it can be used.
  • Judging the Qualities of Things, Services, or People: Assessing the value, importance, or quality of things or people.
  • Making Decisions and Solving Problems: Analyzing information and evaluating results to choose the best solution and solve problems.
  • Monitor Processes, Materials, or Surroundings: Monitoring and reviewing information from materials, events, or the environment, to detect or assess problems.
  • Monitoring and Controlling Resources: Monitoring and controlling resources and overseeing the spending of money.
  • Operating Vehicles, Mechanized Devices, or Equipment: Running, maneuvering, navigating, or driving vehicles or mechanized equipment, such as forklifts, passenger vehicles, aircraft, or water craft.
  • Organizing, Planning, and Prioritizing Work: Developing specific goals and plans to prioritize, organize, and accomplish your work.
  • Performing Administrative Activities: Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
  • Performing for or Working Directly with the Public: Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.
  • Performing General Physical Activities: Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling of materials.
  • Processing Information: Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Provide Consultation and Advice to Others: Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
  • Repairing and Maintaining Electronic Equipment: Servicing, repairing, calibrating, regulating, fine-tuning, or testing machines, devices, and equipment that operate primarily on the basis of electrical or electronic (not mechanical) principles.
  • Repairing and Maintaining Mechanical Equipment: Servicing, repairing, adjusting, and testing machines, devices, moving parts, and equipment that operate primarily on the basis of mechanical (not electronic) principles.
  • Resolving Conflicts and Negotiating with Others: Handling complaints, settling disputes, and resolving grievances and conflicts, or otherwise negotiating with others.
  • Scheduling Work and Activities: Scheduling events, programs, and activities, as well as the work of others.
  • Selling or Influencing Others: Convincing others to buy merchandise/goods or to otherwise change their minds or actions.
  • Staffing Organizational Units: Recruiting, interviewing, selecting, hiring, and promoting employees in an organization.
  • Thinking Creatively: Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
  • Training and Teaching Others: Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
  • Updating and Using Relevant Knowledge: Keeping up-to-date technically and applying new knowledge to your job.
Get Qualified!
This career may require a Degree in Business Administration.

Detailed Work Activities

  • analyze operational or management reports or records
  • analyze organizational operating practices or procedures
  • analyze workflow
  • communicate technical information
  • compile information through interviews
  • conduct organizational studies
  • conduct training for personnel
  • confer with management or users
  • design office layout
  • design systems in cooperation with colleagues
  • develop new office forms
  • develop plans for programs or projects
  • develop policies, procedures, methods, or standards
  • develop records management system
  • direct implementation of new procedures, policies, or programs
  • evaluate office operations
  • identify problems or improvements
  • maintain records, reports, or files
  • obtain information from individuals
  • plan study of work problems or procedures
  • prepare instruction manuals
  • prepare reports
  • prepare reports for management
  • prepare workflow chart
  • recommend improvements to work methods or procedures
  • recommend purchase or repair of furnishings or equipment
  • recommend solutions of administrative problems
  • select software for clerical activities
  • study time, motion, or work methods of workers
  • understand technical operating, service or repair manuals
  • use interviewing procedures
  • use inventory control procedures
  • use oral or written communication techniques
  • work with management or employees to improve organizational system
  • write administrative procedures services manual
  • write employee orientation or training materials
  • obtain information from individuals
  • provide customer service
  • recommend customer payment plan
  • review laws
  • review loan applications
  • select applicants meeting qualifications
  • use computers to enter, access and retrieve financial data
  • use computers to enter, access or retrieve data
  • use interviewing procedures
  • use knowledge of investigation techniques
  • use knowledge of relevant laws
  • use negotiation techniques
  • use oral or written communication techniques
  • use spreadsheet software
  • use word processing or desktop publishing software
  • verify information for credit investigations
  • write legal correspondence

Tools & Technology Used on the Job

  • Amortization loan software
  • Bankers Systems Rembrandt Lending System
  • Bottom Line LoanMaster Loan Servicing
  • California Infinite LPS
  • CGI-AMS BureauLink Enterprise
  • CGI-AMS CACS Enterprise
  • CGI-AMS Strata
  • Click1003 Online Mortgage Application
  • Credit and risk analysis software
  • Credit fraud detection software
  • Credit underwriting software
  • Delphi Discovery
  • Desktop computers
  • Dun and Bradstreet Global DecisionMaker
  • Dynamic Loanledger
  • eCredit Enterprise
  • Ellie Mae Contour
  • Ellie Mae Genesis
  • eOriginal eCore Business Suite
  • Equifax Advanced Decisioning
  • Equifax Application Engine
  • Equifax InterConnect
  • Experian Credinomics
  • Experian Detect
  • Experian FraudShield
  • Experian Quest
  • Experian Retention Triggers
  • Experian Strategy Management
  • Experian Transact
  • Fair Isaac Application Risk Model Software
  • Fair Isaac Capstone Decision Manager
  • Fair Isaac Falcon ID
  • Fannie Mae Desktop Underwriter
  • FAS Loan Service Plus
  • Financial Industry Computer Systems Loan Accountant
  • Financial Industry Computer Systems Loan Originator
  • Financial Industry Computer Systems Loan Producer
  • FinEng Solutions software
  • Freddie Mac Loan Prospector
  • Harland Financial Solutions DecisionPro
  • Harland Interlinq MortgageWare
  • IA Systems StreamLend
  • Indus Lending Solutions
  • Integra Destiny Loan Origination
  • LA PRO Loan Administrator Pro
  • LawFirm Software 1003 Uniform Residential Loan Application Software
  • LawFirm Software Loan Origination Software
  • Loan application processing software
  • Moody's KMV CreditEdge
  • Moody's KMV Decisions
  • Moody's KMV Financial Analyst
  • Moody's KMV Risk Advisor
  • Moody's KMV Risk Analyst
  • Notebook computers
  • Opportunity management system OMS software
  • Personal computers
  • Personal digital assistants PDA
  • Plimus Loan Artist
  • QuikDraw Loan Management System
  • RealBenefits Amortization Loan
  • Scanners
  • Tablet computers
  • Technicost LOS
  • The Mortgage Office Loan Origination
  • The Mortgage Office Loan Servicing
  • TrueClose Loan Origination software
  • VueCentric MortgageDashboard
  • Web browser software
  • White Clarke North America Credit Adjudication and Lending Management
  • Palisade StatTools
  • Pattern recognition software
  • Peer-to-Peer Financial Analysis
  • Personal computers
  • Personal digital assistants PDA
  • Pi Blue OptWorks Excel
  • Portfolio management software
  • Pricing software
  • Quantifying marketability discount QMD modeling software
  • Report generation software
  • RiskMetrics Group WealthBench
  • SAS JMP
  • Securities analysis software
  • Spreadsheet software
  • Spreadware Business Financial Analysis
  • Spreadware Business Valuator
  • Spreadware Pro Forma
  • SSA Global Infinium Financial Management
  • Steele Mutual Fund and Variable Annuity Expert
  • SunGard BancWare
  • SunGard Kiodex Risk Workbench
  • Tablet computers
  • TechHackers Convertible Bond @nalyst
  • TechHackers Credit @nalyst
  • TechHackers Exotic @nalyst
  • TechHackers Financial @nalyst
  • TechHackers IRO @nalyst
  • TechHackers MBS @nalyst
  • TechHackers Swap @nalyst
  • Tetrahex Fractal Finance
  • The Mathworks MATLAB
  • TickQuest NeoTicker
  • Tips Standard Securities Calculation Bond Analytics Module
  • Tips Standard Securities Calculation Mortgage-Backed Analytics Module
  • TradeTools Financial Market Databases
  • TradeTools Monthly U.S. Economic Database
  • Trendsetter Software ProAnalyst
  • Unlimited Learning Resources Valusource Pro
  • ValuSource BIZCOMPS
  • Ward Systems Group GeneHunter
  • Ward Systems Group NeuralShell Predictor
  • Ward Systems Group NeuroShell Trader
  • Whitebirch Software Projected Financials
  • Wolfram Research Derivatives
  • Wolfram Research Mathematica
  • Wolfram Research Mathematica Finance Essentials
  • Wolfram Research Mathematica UnRisk Pricing Engine
  • Tablet computers
  • Tax compliance property tax management software
  • Thomson GoSystem Tax
  • Tumbleweed SecureTransport
  • UA Business Software Professional Edition
  • Universal Tax Systems TaxWise

Education, Training & Experience

Overall Experience
A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Job Training
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Education
Most of these occupations require a four - year bachelor's degree, but some do not.

Examples
Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, human resource managers, computer programmers, teachers, chemists, and police detectives.

Salary & Wages

  • Average hourly wage (2007) -$34.21
  • Average annual wage (2007) - $71,150.00

Projected Employment Growth

  • Projected growth (2006-2016): 21.92%
  • Projected need (2006-2016): 148,651
  • Employment (2006): 678,188
Get Qualified!
This career may require a Degree in Business Administration.

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