Project Analyst Job Description

Every graduate wishes to get a high-profile corporate job after passing out of college. While few people are able to fulfill their dreams, many are left searching for good jobs for a long time. So, it is necessary for us to develop skills which are essential for the best jobs in the industry, along with the educational qualifications. Project analysts are responsible for several important functions that have an effect over the performance of the organization.

• Preparing internal and external reports with the assistance of all departments of the company
• Designing, establishing and developing reporting standards for the organization.
• Keeping track of the expenses on a project and handling the total budget of the project

• Checking the efficiency of programs and ensuring that execution of the programs is successful and fast
• Maintaining project database and providing quality advice on evaluation methodology
• Providing effective support to the project manager in implementation of concepts and completing tasks on time to meet strict deadlines

• A project analyst ideally, should have a graduate or postgraduate degree in the fields of business management, accounting or finance.
• For employment in IT companies, a degree in computer science or information technology can prove to be extremely handy.

• Communication skills, interpersonal skills, analytical skills, strategic thinking and business development are the desired qualities.
• They should be able to co-ordinate and work closely with his team members and learn new technologies which are crucial for meeting targets

A job as a project analyst can certainly be financially rewarding and a prestigious one in the industry. The salaries largely depend on the following important factors:

• Educational qualification
• Industry experience
• Location of job
• Type of employer
• Skills and abilities

The following are the conclusions of various salary surveys carried out based on the above points:

• Candidates passing out of reputed institutes and schools draw higher salaries than those from lower ranked schools
• Multi-national and large corporations pay more as compared to smaller organizations

• Candidates working in major locations earn higher salaries as compared to those working in smaller cities
• Industry experience helps in getting fatter pay checks as companies do not have to engage their resources in training such candidates

The average salary is believed to be around $60,000 per year. At the beginning of the career, the salary can range between $50,000 to $60,000 per year. With five to eight years of experience, they can expect to earn anything between $65,000 to $90,000 per year and more.

Salaries are the maximum in places such as New York, Texas and Chicago. A project analyst can expect to enter the senior management after years of experience and proving his talent. The salary of a project manager is slightly higher and can be between $75,000 to $80,000 per year.

Project analysts are required in several fields, and are being recruited in large numbers to meet the needs of business development. So use this opportunity to establish your career and earn well.