Career and Education Opportunities for Business Management Analysts in Waco, Texas
Business management analysts can find both educational opportunities and jobs in the Waco, Texas area. Currently, 47,410 people work as business management analysts in Texas. This is expected to grow 17% to 55,420 people by 2016. This is not quite as good as the nation as a whole, where employment opportunities for business management analysts are expected to grow by about 23.9%. Business management analysts generally 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.
Business management analysts earn approximately $30 hourly or $62,590 yearly on average in Texas. Nationally they average about $35 per hour or $73,570 yearly. Earnings for business management analysts are better than earnings in the general category of Adjustment and Analysis in Texas and better than general Adjustment and Analysis category earnings nationally. Business management analysts work in a variety of jobs, including: price analyst, management analyst, and health systems analyst.
The Waco area is home to seven schools of higher education, including four within twenty-five miles of Waco 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 studying to be 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 Waco 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.
- Coroner. Direct activities such as autopsies, pathological and toxicological analyses, and inquests relating to the investigation of deaths occurring within a legal jurisdiction to determine cause of death or to fix responsibility for accidental, violent, or unexplained deaths.
- 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.
- Emergency Management Coordinator. Coordinate disaster response or crisis management activities, provide disaster preparedness training, and prepare emergency plans and procedures for natural, wartime, or technological disasters or hostage situations.
- Employment Recruiter. Seek out, interview, and screen applicants to fill existing and future job openings and promote career opportunities within an organization.
- Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Job Training Specialist. Conduct training and development programs for employees.
EDUCATIONAL OPPORTUNITIES: Business Management Analyst Training
Baylor University - Waco, TX
Baylor University, 500 Speight Ave., Waco, TX 76798. Baylor University is a large university located in Waco, Texas. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,541 students and an admission rate of 51%. Baylor University has 2 areas of study related to Business Management Analyst. They are:
- Business/Commerce, bachelor's degree which graduated 2 students in 2008.
- Business Administration and Management, bachelor's degree and master's degree which graduated thirty-one and 102 students respectively in 2008.
Temple College - Temple, TX
Temple College, 2600 S 1st St, Temple, TX 76504-7435. Temple College is a medium sized college located in Temple, Texas. It is a public school with primarily 2-year programs and has 5,182 students. Temple College has 2 areas of study related to Business Management Analyst. They are:
- Business/Commerce, associate's degree which graduated 17 students in 2008.
- Business Administration and Management, one to two year and associate's degree which graduated twenty-eight and twenty-three students respectively in 2008.
McLennan Community College - Waco, TX
McLennan Community College, 1400 College Dr, Waco, TX 76708. McLennan Community College is a medium sized college located in Waco, Texas. It is a public school with primarily 2-year programs and has 7,887 students. McLennan Community College has 2 areas of study related to Business Management Analyst. They are:
- Business/Commerce, associate's degree which graduated 20 students in 2008.
- Business Administration and Management, one to two year and associate's degree which graduated four and twelve students respectively in 2008.
Hill College - Hillsboro, TX
Hill College, 112 Lamar Dr, Hillsboro, TX 76645. Hill College is a small college located in Hillsboro, Texas. It is a public school with primarily 2-year programs and has 3,718 students. Hill College has 2 areas of study related to Business Management Analyst. They are:
- Business/Commerce, less than one year and associate's degree.
- Business Administration and Management, less than one year, one to two year, and associate's degree which graduated two, zero, and fifteen 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: Waco, Texas
Waco is situated in Mclennan County, Texas. It has a population of over 124,009, which has grown by 9.0% over the last ten years. The cost of living index in Waco, 82, is well below the national average. New single-family homes in Waco are valued at $144,900 on average, which is well below the state average. In 2008, three hundred eighty-eight new homes were built in Waco, down from five hundred fifty the previous year.
The top three industries for women in Waco are educational services, health care, and accommodation and food services. For men, it is construction, educational services, and accommodation and food services. The average commute to work is about 18 minutes. More than 18.6% of Waco residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.4%, is higher than the state average.
The unemployment rate in Waco is 7.4%, which is less than Texas's average of 8.1%.
The percentage of Waco residents that are affiliated with a religious congregation, 60.5%, is more than both the national and state average. El Calvario Presbyterian Church, Abundant New Life Assembly of God Church and Adams Chapel African Methodist Episcopal Church are among the churches located in Waco. The most prominent religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.
Waco is home to the Helen Marie Taylor Museum and the Potts Interchange as well as Heart O Texas Coliseum and Kathy Ball Park. Shopping malls in the area include Lake Air Shopping Center and Richland Shopping Center. Visitors to Waco can choose from Budget Inn, America's Best Inns and Best Western Old Main Lodge for temporary stays in the area.