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The differences between advance business analysts and business analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an advance business analyst and a business analyst. Additionally, an advance business analyst has an average salary of $87,245, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for an advance business analyst include SAS, data analysis and business analysis. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Advance Business Analyst | Business Analyst | |
| Yearly salary | $87,245 | $74,431 |
| Hourly rate | $41.94 | $35.78 |
| Growth rate | 11% | 9% |
| Number of jobs | 119,918 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
An advanced business analyst provides ideas for entrepreneurs. They offer expert advice on the feasibility of potential businesses in a given location. An analyst evaluates current business models, points out areas that need improvement, and determines a business plan's strengths and weaknesses. A business analyst works closely with entrepreneurs, providing necessary information to allow informed business decisions.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Advance business analysts and business analysts have different pay scales, as shown below.
| Advance Business Analyst | Business Analyst | |
| Average salary | $87,245 | $74,431 |
| Salary range | Between $69,000 And $110,000 | Between $53,000 And $103,000 |
| Highest paying City | Redmond, WA | Mountain View, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Marathon Petroleum | The Citadel |
| Best paying industry | Energy | Finance |
There are a few differences between an advance business analyst and a business analyst in terms of educational background:
| Advance Business Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between advance business analysts' and business analysts' demographics:
| Advance Business Analyst | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.9% Unknown, 4.5% Hispanic or Latino, 8.8% Asian, 13.6% White, 65.0% American Indian and Alaska Native, 0.2% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 11% |