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.
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
The median annual wage: $85,260
The lowest 10% ~ $49,700
The highest 10% ~ $154,310
Certified Management Consultant (CMC)
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