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Salary, Wages, Pay: 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 2002 were $60,340. The middle 50 percent earned between $46,160 and $83,590. The lowest 10 percent earned less than $35,990, and the highest 10 percent earned more than $115,670. Median annual earnings in the industries employing the largest numbers of management analysts and consultants in 2002 were:

Management, scientific, and technical consulting services $71,790
Computer systems design and related services 66,120
Federal Government 65,480
Insurance carriers 51,780
State government 47,340

According to a 2002 survey by the Association of Management Consulting Firms, earnings—including bonuses and profit sharing—averaged $47,826 for research associates in member firms; $61,496 for entry-level consultants, $78,932 for management consultants, $112,716 for senior consultants, $168,998 for junior partners, and $254,817 for senior partners.

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.