Management analysts

Salaries for management analysts vary widely by years of experience and education, geographic location, sector of expertise, and size of employer. Generally, management analysts employed in large firms or in metropolitan areas have the highest salaries. Median annual wage and salary earnings of management analysts in May 2004 were $63,450. The middle 50 percent earned between $48,340 and $86,650. The lowest 10 percent earned less than $37,680, and the highest 10 percent earned more than $120,220. Median annual earnings in the industries employing the largest numbers of management analysts in May 2004 were:

According to a the Association of Management Consulting Firms, typical earnings in 2004—including bonuses and profit sharing—averaged $52,482 for research associates in member firms; $65,066 for entry-level consultants; $89,116 for management consultants; $123,305 for senior consultants; $191,664 for junior partners; and $317,339 for senior partners. Only the most experienced workers in highly successful management consulting firms earn these top salaries.

Salaried management analysts usually receive common benefits, such as health and life insurance, a retirement plan, vacation, and sick leave, as well as less common benefits, such as profit sharing and bonuses for outstanding work. In addition, all travel expenses usually are reimbursed by the employer. Self-employed consultants have to maintain their own office and provide their own benefits.

Management analysts held about 605,000 jobs in 2004. About 29 percent of these workers, more than 3 times the average for all occupations, were self-employed. Management analysts are found throughout the country, but employ.ment is concentrated in large metropolitan areas. Management analyst jobs are found in a wide range of industries, including management, scientific, and technical consulting firms; computer systems design and related services firms; and Federal, State, and local governments. The majority of those working for the Federal Government are in the U.S. Department of Defense.

(from the Occupational Outlook Handbook: Management Analysts)

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