Statistics And Management For Business
Valda Atkeson
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About 92,900 openings for management analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Management analysts often specialize in certain areas, such as inventory control or reorganizing corporate structures for efficiency. Some focus on a specific industry, such as healthcare or telecommunications. In government, management analysts usually specialize by type of agency.
Management analysts who work on contract may write proposals and bid for jobs. Typically, an organization that needs the help of a management analyst requests proposals from a number of consultants and consulting companies that specialize in the needed work. Interested companies then submit a proposal that explains details such as how the work will be completed, what the schedule will be, and how much it will cost. The organization selects the proposal that best meets its needs and budget.
Management analysts address a range of topics, and many fields of study provide a suitable educational background. Fields of bachelor's degree study may include business, social science, and engineering.
The Institute of Management Consultants USA (IMC USA) offers the Certified Management Consultant (CMC) designation to those who meet minimum levels of education and experience and who complete other requirements. Management analysts are not required to get certification, but having the credential may give jobseekers a competitive advantage.
Many analysts enter the occupation with several years of work experience. Organizations that specialize in certain fields typically try to hire candidates who have experience in those areas. For example, tax preparation firms may prefer candidates who have worked as an accountant or auditor, and software companies might seek those with experience as a computer systems analyst.
As management analysts gain experience, they often take on more responsibility. Senior-level analysts may supervise teams working on complex projects and may become involved in seeking out new business. Those with exceptional skills may eventually become partners in their organization and focus on attracting new clients and bringing in revenue. Senior analysts may leave consulting and move to management positions at non-consulting organizations.
Management analysts working for consulting firms are usually paid a base salary in addition to a year-end bonus. Self-employed analysts are paid directly by their clients, typically by either the hour or the project.
Demand for consulting services is expected to increase as organizations seek ways to improve efficiency and control costs. As markets become more competitive, firms will need to use resources more efficiently.
Information technology (IT) consultants are expected to see high demand. Businesses will seek out consulting firms to help them attain a high level of cybersecurity and make sure their IT systems are efficient and up to date.
Growth is expected to be particularly strong in smaller consulting companies that specialize in specific industries or types of business function, such as information technology or human resources. Government agencies also are expected to seek the services of management analysts as they look for ways to reduce spending and improve efficiency.
The Occupational Employment and Wage Statistics (OEWS) program produces employment and wage estimates annually for over 800 occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas. The link(s) below go to OEWS data maps for employment and wages by state and area.
CareerOneStop includes hundreds of occupational profiles with data available by state and metro area. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by local area or metro area. There is also a salary info tool to search for wages by zip code.
The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised. This tab also covers different types of occupational specialties.
The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked. It may also discuss the major industries that employed the occupation. This tab may also describe opportunities for part-time work, the amount and type of travel required, any safety equipment that is used, and the risk of injury that workers may face.
The How to Become One tab describes how to prepare for a job in the occupation. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation.
The State and Area Data tab provides links to state and area occupational data from the Occupational Employment and Wage Statistics (OEWS) program, state projections data from Projections Central, and occupational information from the Department of Labor's CareerOneStop.
The Job Outlook tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings.
The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. This tab also includes links to relevant occupational information from the Occupational Information Network (O*NET).
The wage at which half of the workers in the occupation earned more than that amount and half earned less. Median wage data are from the BLS Occupational Employment and Wage Statistics survey. In May 2023, the median annual wage for all workers was $48,060.
The department offers four undergraduate programs: a B.B.A. in Actuarial Science, a B.B.A. in Business Analytics, a B.B.A. in Operations and Supply Chain Management and a B.S. in Statistics and Data Science as well as undergraduate certificates in business analytics and operations and supply chain management.
Bringing talented academic and industry professionals from across the world to share cutting-edge research in the areas of actuarial science, data analytics, operations and supply chain management and statistics.
Four graduate students from the Carlos Alvarez College of Business at UTSA are one of three winning teams of the 2024 SAS Curiosity Cup, a global data analytics competition. They were awarded first place in the data presentation category.
Wenbo Wu, the Graham Weston Endowed Professor and chair of the Department of Management Science and Statistics, has been accepted into the Texas Academic Leadership Academy (TALA) for the 2023-2024 academic year.
A team of students from the Carlos Alvarez College of Business at UTSA placed third in the Historically Black College (HBCU) and Hispanic-Serving Institution (HSI) National Supply Chain case competition held at Arizona State University. Ten teams participated in the competition.
This programme, run jointly with the UCL School of Management, combines a thorough training in statistics with modules in the broad area of business studies. It aims to provide a combination of management and quantitative skills useful for a career in business, management, commerce or industry.
Contextual offers are typically one to two grade boundaries (equivalent to A levels) lower than the standard offer. IB Diploma grade and subject requirements for contextual offers for this programme will be published in Summer 2024.
This programme does not accept resits. A resit is a second or subsequent attempt to improve a qualification outcome, for which you already hold an award. For further information on what UCL considers a resit, please see UCAS explained.
This is a joint degree programme taught by UCL Statistical Science and the UCL School of Management.
You will take roughly half your modules in statistics and mathematics; the other half will consist of modules in management, accountancy, finance and (optionally) economics. While the first and second years provide a solid foundation in statistics, mathematics and management, a wide range of options is available in the third year, allowing you to give more weight to either the statistics or the business component.
In each year of your degree you will take a number of individual modules, normally valued at 15 or 30 credits, adding up to a total of 120 credits for the year. Modules are assessed in the academic year in which they are taken. The balance of compulsory and optional modules varies from programme to programme and year to year. A 30-credit module is considered equivalent to 15 credits in the European Credit Transfer System (ECTS).
Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability is subject to change. Modules that are in use for the current academic year are linked for further information. Where no link is present, further information is not yet available.
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