What They Do:
Management analysts, often called management consultants, recommend ways to improve an organization’s efficiency. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.

Why It's Important:

Management analysts can be a benefit to insurance companies to make sure they are making changes that can improve the insurance company methods. Changes could increase productivity, employee happiness, and decrease unneeded costs. 

Typical Duties:

  • Gather and organize information about the problems to be solved or the procedures to be improved

  • Interview personnel and conduct onsite observations to determine the methods, equipment, and personnel that will be needed

  • Analyze financial and other data, including revenue, expenditure, and employment reports

  • 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 changes are working

Important Skills:

  • Analytical skills.

  • Communication skills

  • Interpersonal skills

  • Problem-solving skills

  • Time-management skills

Salary Range

The median annual wage: $85,260

The lowest 10% ~ $49,700

The highest 10% ~ $154,310

Professional Designations:

Certified Management Consultant (CMC)

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