Career and Education Opportunities for Business Management Analysts in Rochester, Minnesota
Rochester, Minnesota provides a wide variety of opportunities, both career and educational, for business management analysts. Currently, 12,230 people work as business management analysts in Minnesota. This is expected to grow 17% to 14,360 people by 2016. This is not quite as good as the national trend for business management analysts, which sees this job pool growing by about 23.9% over the next eight years. In general, business management analysts conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively.
A person working as a business management analyst can expect to earn about $38 hourly or $79,040 per year on average in Minnesota and about $35 hourly or $73,570 per year on average in the U.S. as a whole. Earnings for business management analysts are better than earnings in the general category of Adjustment and Analysis in Minnesota and better than general Adjustment and Analysis category earnings nationally. People working as business management analysts can fill a number of jobs, such as: forms analysis manager, records management director, and purchase analyst.
The Rochester area is home to seven schools of higher education, including four within twenty-five miles of Rochester where you can get a degree as a business management analyst. The most common level of education for business management analysts is a Bachelor's degree. You can expect to spend about four years training to become a business management analyst if you already have a high school diploma.
CAREER DESCRIPTION: Business Management Analyst
In general, business management analysts conduct organizational studies and evaluations, design systems and procedures, conduct work simplifications and measurement studies, and prepare operations and procedures manuals to assist management in operating more efficiently and effectively. They also includes program analysts and management consultants.
Business management analysts inspect forms and reports and talk with management about format and purpose. They also gather and organize data on problems or procedures. Equally important, business management analysts have to analyze data gathered and design solutions or alternative methods of proceeding. They are often called upon to talk with personnel to insure successful functioning of newly implemented systems or procedures. They are expected to layout and approve changes of forms and reports. Finally, business management analysts interview personnel and conduct on-site observation to ascertain unit functions and methods, equipment, and personnel used.
Every day, business management analysts are expected to be able to articulate ideas and problems. They need to listen to and understand others in meetings.
Business management analysts sometimes are asked to ready manuals and train staff in use of new forms, reports, procedures or equipment, in line with organizational policy. and recommend purchase of storage equipment and design area layout to place equipment in space available. And finally, they sometimes have to design and implement records management programs for filing and retrieval of records, and ensure adherence to programs.
Like many other jobs, business management analysts must be reliable and believe in an agile approach to problem solving and deal with change.
Similar jobs with educational opportunities in Rochester include:
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
EDUCATIONAL OPPORTUNITIES: Business Management Analyst Training
Rochester Community and Technical College - Rochester, MN
Rochester Community and Technical College, 851 30th Ave SE, Rochester, MN 55904-4999. Rochester Community and Technical College is a medium sized college located in Rochester, Minnesota. It is a public school with primarily 2-year programs and has 5,977 students. Rochester Community and Technical College has a less than one year and an associate's degree program in Business Administration and Management which graduated three and twenty-seven students respectively in 2008.
Crossroads College - Rochester, MN
Crossroads College, 920 Mayowood Road SW, Rochester, MN 55902-2382. Crossroads College is a small college located in Rochester, Minnesota. It is a private not-for-profit school with primarily 4-year or above programs. It has 161 students and an admission rate of 71%. Crossroads College has a bachelor's degree program in Business Administration and Management which graduated one student in 2008.
Minnesota School of Business - Rochester, MN
Minnesota School of Business, 2521 Pennington Drive NW, Rochester, MN 55901. Minnesota School of Business is a small school located in Rochester, Minnesota. It is a private for-profit school with primarily 4-year or above programs and has 745 students. Minnesota School of Business has an associate's degree and a bachelor's degree program in Business Administration and Management which graduated twenty-seven and nine students respectively in 2008.
Riverland Community College - Austin, MN
Riverland Community College, 1900 8th Ave NW, Austin, MN 55912-1473. Riverland Community College is a small college located in Austin, Minnesota. It is a public school with primarily 2-year programs and has 3,068 students. Riverland Community College has 2 areas of study related to Business Management Analyst. They are:
- Business/Commerce, associate's degree which graduated 5 students in 2008.
- Business Administration and Management, less than one year and associate's degree which graduated eleven and three students respectively in 2008.
Certified Turnaround Professional: The Certified Turnaround Professional (CTP) designation was created to provide training and create an objective measure of the experience, knowledge, and integrity that is necessary to conduct corporate renewal work.
For more information, see the Association of Certified Turnaround Professionals, Inc. website.
Certified Form Systems Professional: Holding a Certified Form Systems Professional (CFSP) certification from Business Forms Management Association tells employers, co-workers and clients that they can trust your expertise in carrying out a forms and business processes project.
For more information, see the Business Forms Management Association website.
Fiscal Services - Accelerated Package: Fiscal Services - Accelerated Package course list: Better Requests for Proposals for Better Projects; Continuous Improvement Through Monitoring; Contracting; New Coding System for the 21st Century; Procurement; and Writing Winning Grant Proposals.
For more information, see the Dynamic Works Institute website.
Certified Management Consultant: The Certified Management Consultant (CMC) mark is awarded by the IMC USA to consultants who have achieved a level of performance that includes professional standards in technical competency and ethics, and global standards in consulting competencies, professional behavior, client and project management, and personal conduct.
For more information, see the Institute of Management Consultants in the U.S.A. website.
Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.
For more information, see the Investment Management Consultants Association website.
Certified Associate in Project Management: As project management grows in scope, importance and recognition, so do the related career and credential options available to you.
For more information, see the Project Management Institute website.
Program Management Professional: Project Management Institute's newest credential is specifically developed to acknowledge the qualifications of the professional who leads the coordinated management of multiple projects and ensures the ultimate success of a program.
For more information, see the Project Management Institute website.
LOCATION INFORMATION: Rochester, Minnesota
Rochester is located in Olmsted County, Minnesota. It has a population of over 100,413, which has grown by 17.0% in the past ten years. The cost of living index in Rochester, 79, is well below the national average. New single-family homes in Rochester are priced at $233,700 on average, which is below the state average. In 2008, two hundred eighty-seven new homes were constructed in Rochester, down from four hundred twenty the previous year.
The three big industries for women in Rochester are health care, educational services, and accommodation and food services. For men, it is health care, computer and electronic products, and construction. The average commute to work is about 15 minutes. More than 38.1% of Rochester residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 15.5%, is higher than the state average.
The unemployment rate in Rochester is 5.8%, which is less than Minnesota's average of 7.0%.
The percentage of Rochester residents that are affiliated with a religious congregation, 61.7%, is more than both the national and state average. Faith Family Church, Faith Harbor Church and Saint Francis Catholic Church are all churches located in Rochester. The most common religious groups are the Catholic Church, the Evangelical Lutheran Church in America and the Lutheran Church.
Rochester is home to the Soldiers Field Golf Course and the Guggenheim Building as well as Mohn Park and Manor Park. Shopping centers in the area include Apache Mall, Miracle Mile Shopping Center and Crossroads Shopping Center. Visitors to Rochester can choose from Best Western, Maria's and Econo Lodge Downtown for temporary stays in the area.