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The differences between advance business analysts and lead 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 lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $87,245 average annual salary of an advance business analyst.
The top three skills for an advance business analyst include SAS, data analysis and business analysis. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Advance Business Analyst | Lead Business Analyst | |
| Yearly salary | $87,245 | $107,171 |
| Hourly rate | $41.94 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 119,918 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| 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.
A lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
Advance business analysts and lead business analysts have different pay scales, as shown below.
| Advance Business Analyst | Lead Business Analyst | |
| Average salary | $87,245 | $107,171 |
| Salary range | Between $69,000 And $110,000 | Between $82,000 And $139,000 |
| Highest paying City | Redmond, WA | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Marathon Petroleum | Citi |
| Best paying industry | Energy | Finance |
There are a few differences between an advance business analyst and a lead business analyst in terms of educational background:
| Advance Business Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between advance business analysts' and lead business analysts' demographics:
| Advance Business Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 51.5% Female, 48.5% | Male, 55.3% Female, 44.7% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |