Data Reporting Analyst: Career and Salary Facts

Research what it takes to become a Data Reporting Analyst, also known as a Management Analyst. Learn about job duties, education requirements, employment outlook and average wages to find out if this is the career for you. Schools offering Finance degrees can also be found in these popular choices.

What is a Reporting Analyst?

As an analyst, you will interpret data (e.g. sales figures, tax reports and payroll records) to help companies grow and succeed. You would conduct staff interviews, onsite observations and financial analyses. Using your findings you would develop recommendations, regarding the implementation of new systems, procedures and organizational changes. If recommendation are accepted you will communicate with managers to assess the effectiveness of the changes. The following chart gives you an overview of what you need to know about entering the field.

Degree Required Bachelor's degree; Master's degree recommended
Education Field of Study Business, Social Sciences, Computer Science, English
Key Responsibilities Data collection, data analysis, find and recommend solutions, make presentations, write reports
Job Growth (2014-2024) 14%*
Median Salary (2015) $81,320*

Source: *U.S. Bureau of Labor Statistics

What Do Data Reporting Analysts Do?

As a data reporting analyst, it's your job to consult with companies on ways to improve their business using data tools. You may be responsible for gathering data and reviewing it to discover trends or other patterns, which may help you to determine a company's needs. You might manipulate data to see if changes would produce the desired results. In some cases, you may be given a specific goal and use company records to determine how to reach that goal.

In the course of going over records and data, you may create new databases and presentations. You may be required to explain recommendations or other findings in meetings with executives.

What Should I Study?

A bachelor's degree is usually required, although a Master's degree is preferred. Employers may look for skills in project management, planning and report preparation. Expert skills using database software are also typically required.

You may also consider earning professional certification through the Institute of Management Consultants USA Inc. (IMC USA), which is voluntary, but may help make you more competitive in the job market. The IMC USA's Certified Management Consultant (CMC) designation allows you to prove your experience and expertise in business consulting (www.imcusa.org). To earn the CMC, you need at least three years of experience in consulting and proof of work experience.

What is the Job Outlook?

According to the U.S. Bureau of Labor Statistics (BLS), the numbers of individuals employed in this field is expected to increase by 14% between 2014 and 2024, faster than average. Individuals with a graduate degree, certification, specialized knowledge and work experience will be most in demand.

How Much Might I Earn?

The BLS reported that management analysts earned a mean annual wage of $91,770 as of May 2015 (www.bls.gov). Also in May 2015, the reported annual wage for the 10th percentile was $45,360; that same year, it was $150,220 for the 90th percentile. The BLS reported that the top-paying industry for management analysts was in other pipeline transportation, yielding an annual mean wage of $130,780. The highest number of individuals working in this field are in management, scientific and technical consulting services.

What Are Some Related Alternative Careers?

Accountants and auditors are tasked with preparing and inspecting financial documents, making sure they are accurate. They may do this for tax purposes or to help companies improve their efficiency. They often have a bachelors degree in accounting. Budget analysts work with companies and organizations to prepare budget reports and manage spending. They may also have a bachelor's degree in accounting, though some may have a degree in a related field, or even a masters degree.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

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