Management Analyst Salary: Your 2025 Guide

A management analyst, or management consultant, is responsible for finding ways to make an organization more efficient, which can lead to cutting costs and increasing revenue. Management analysts work for different types of organizations, such as professional companies, finance services, or government entities, and they help these organizations become more profitable. 

In this role, you’ll gather information about the organization's problems, analyze the data for possible solutions, and develop recommendations to help the organization reach its goals. Expect management analyst positions to grow as more companies hope to find ways to organize their companies effectively.

Discover what a management analyst does, how much they earn, and factors that can impact your potential salary in this position. Explore the typical management analyst qualifications to help you decide if this career suits you.

What is a management analyst?

A management analyst often works as a consultant to improve the efficiency of a client’s organization, finding ways to be more productive and resolve issues as needed. In this role, you are responsible for talking to your company, organization, or client to help define their goals and solutions and how they want to achieve them.

Your responsibilities may include gathering information about issues affecting the company regarding efficiency and profitability. You’ll look over the data provided to you, talk to personnel or those connected with the issue, and analyze the information to find solutions within the company’s parameters. You could also be in charge of creating recommendations or organizational changes for the company. You also could stay on after releasing your suggestions to help implement them throughout the company or organization. 

How much does a management analyst make?

In this role, you could make a median annual salary of $99,410, according to the US Bureau of Labor Statistics [1]. The BLS estimates that the lowest 10 percent of management analysts make less than $57,840 per year in median annual income, while the highest 10 percent make over $172,280 [2]. 

According to various job listing sites, the average annual pay for management analysts in the United States ranges from $69,804 to $100,526 as of June 2023. The salary ranges by six organizations that track management analyst salaries are as follows:

*All salary data as of December 2024

Factors that affect management analyst salary

Several factors may affect your annual salary if you become a management analyst. For example, your education level and professional experience may boost your salary potential. Where you live also influences your income, depending on the demand for management analysts or the cost of living. Specific fields or work areas may earn you more annually than others as a management analyst.

Discover the factors that may impact your salary as a management analyst below.

Education

You usually need a bachelor’s degree to get a position as a management analyst, and you can choose from various degrees, such as business, social science, engineering, or others. Some positions or employers may prefer candidates with a master’s degree, such as a Master of Business Administration (MBA). According to Zippia, 66 percent of management analysts have a bachelor’s degree, while 16 percent have a master’s degree and 12 percent have an associate degree.

Explore the average management analyst salaries based on education, according to Zippia [3]:

• Bachelor’s degree: $70,375

• Master’s degree: $77,109

• Doctorate: $81,128

Experience

Your previous experience as a management analyst may impact your potential salary, as more experience could boost your annual income. Explore the estimated average base salaries you may earn based on your experience, according to Glassdoor [4]:

• 0–1 years of experience: $76,166

• 1–3 years: $81,486

• 4–6 years: $87,901

• 7–9 years: $91,753

• 10–14 years: $97,166

• 15 or more years: $110,599

Location

Where you work may affect how much you earn as a management analyst, with some states paying more than others in average annual income. The top five states for pay for management analysts, according to the BLS, include [7]:

• Massachusetts: $134,350

• Wyoming: $126,840

• New York: $126,450

• Vermont: $125,240

• New Jersey: $122,840

Some cities may have higher annual salaries, allowing you to earn more or less depending on your location. For example, the Washington, DC, and the San Jose areas pay more than other cities, with average salaries of $167,190 and $157,750, respectively [7]. To make a higher salary, consider relocating to a particular area or traveling frequently as a marketing analyst or consultant as part of your work.

Industry

Particular industries may pay you more as a management analyst than others. It’s essential to compare salaries and see if that helps you decide which industry is right for you. For example, working in professional or technical services may earn you $104,400 in median annual wages compared to government positions earning $92,310 per BLS [2].

Glassdoor reports the following five highest-paying industries for management analysts based on total median pay [4]:

• Financial services: $104,235

• Energy, mining, and utilities: $102,932 

• Pharmaceutical and biotechnology: $100,622

• Aerospace and defense: $100,539

• Government and public administration: $97,404

Related job titles

You can use management analyst skills in similar positions if you prefer to pursue a different career using your experience and education.

Budget analyst

Median annual US salary (BLS): $84,940 [8]

Typical education: Bachelor’s degree in business, mathematics, or a related field; experience; certification

Budget analysts are responsible for helping companies organize their finances. You may review proposed budgets, help managers analyze plans, and estimate future financial needs. 

To become a budget analyst, you typically need a degree in a subject related to business, psychology, or mathematics. Additionally, you may stand out to employers if you obtain certification. A popular certification for aspiring budget analysts is the Certified Government Financial Manager credential offered by the Association of Government Accountants (AGA).

Market research analyst

Median annual US salary (BLS): $74,680 [9]

Typical education: Bachelor’s degree in marketing, psychology, or a related field

As a market research analyst, you use your analytical skills to talk to consumers about their preferences for different products or services. You also examine marketing strategies’ effectiveness, gather consumer data, convert the data into written reports, and present the information to clients. 

To become a market research analyst, consider earning a bachelor’s degree in marketing or a related field. To advance in this role, you may consider continuing your formal education and earning a master’s degree.

Job outlook

The BLS expects management analyst jobs to grow by 11 percent from 2023 to 2033, faster than the national average of 4 percent for all occupations [10]. Additionally, BLS estimates that the market will have an average of 95,700 job openings annually over that time frame.

The increase in management analyst jobs comes from increasing demand for consulting services, particularly in the information technology sector. Expect growth in specialized consulting companies focusing on specific topics or fields. Government agencies may need more management analysts to identify strategies to reduce cut costs and improve efficiency.

Getting started with Coursera

Management analysts earn higher than average salaries and benefit from a high job outlook. The salary you take home from a management analyst job depends on several factors, from where you live and who you work for to your level of experience and management analyst qualifications.

Find educational opportunities for management analysts if you want to become more competitive in the field. For example, if you want to learn more about Excel and management analysis, Johns Hopkins University offers the Microsoft Business Analyst Professional Certificate on Coursera. In this program, you’ll build job-ready skills in less than 3 months, led by industry experts.