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Advance business analyst hiring summary. Here are some key points about hiring advance business analysts in the United States:
Here's a step-by-step advance business analyst hiring guide:
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.
Before you start hiring an advance business analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
Hiring the perfect advance business analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
This list presents advance business analyst salaries for various positions.
| Type of Advance Business Analyst | Description | Hourly rate |
|---|---|---|
| Advance Business Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $33-52 |
| Project Analyst | A project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential... Show more | $25-46 |
| Program Analyst | The job of program analysts is to plan, manage, and evaluate a company's computer programs. They usually perform different tasks, including researching and analyzing complex data to identify trends and offer the best recommendations for improvements... Show more | $25-50 |
Including a salary range in your advance business analyst job description is one of the best ways to attract top talent. An advance business analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $102,851 | $49 |
| 2 | California | $98,700 | $47 |
| 3 | Colorado | $93,945 | $45 |
| 4 | Massachusetts | $91,958 | $44 |
| 5 | New York | $90,960 | $44 |
| 6 | Illinois | $90,545 | $44 |
| 7 | Oregon | $90,023 | $43 |
| 8 | Texas | $89,979 | $43 |
| 9 | Minnesota | $88,329 | $42 |
| 10 | North Carolina | $87,458 | $42 |
| 11 | Virginia | $86,321 | $42 |
| 12 | Michigan | $84,796 | $41 |
| 13 | Missouri | $82,531 | $40 |
| 14 | Ohio | $81,673 | $39 |
| 15 | Arizona | $81,006 | $39 |
| 16 | Pennsylvania | $79,802 | $38 |
| 17 | Wisconsin | $78,483 | $38 |
| 18 | Georgia | $76,887 | $37 |
| 19 | Florida | $72,985 | $35 |
| 20 | Utah | $72,265 | $35 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Marathon Petroleum | $106,895 | $51.39 | 7 |
| 2 | Marathon Oil | $101,468 | $48.78 | |
| 3 | Meijer | $101,265 | $48.69 | |
| 4 | Bank of the West | $97,852 | $47.04 | |
| 5 | Southern California Edison | $97,356 | $46.81 | 1 |
| 6 | Invesco | $96,750 | $46.51 | 7 |
| 7 | General Mills | $95,542 | $45.93 | |
| 8 | Electronic Arts | $95,100 | $45.72 | 3 |
| 9 | Caliber Home Loans | $94,705 | $45.53 | |
| 10 | Parsons | $92,833 | $44.63 | 28 |
| 11 | UM Worldwide | $92,360 | $44.40 | |
| 12 | Hannaford Supermarkets | $91,031 | $43.76 | |
| 13 | The NPD Group | $89,690 | $43.12 | |
| 14 | Boston Consulting Group | $89,440 | $43.00 | 8 |
| 15 | Strategic Staffing Solutions | $88,796 | $42.69 | |
| 16 | Community Services Group | $88,721 | $42.65 | |
| 17 | Merkle | $88,487 | $42.54 | |
| 18 | G-TECH | $88,065 | $42.34 | |
| 19 | Mastercard | $87,616 | $42.12 | 27 |
| 20 | Kforce | $86,784 | $41.72 | 69 |
A job description for an advance business analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an advance business analyst job description:
To find advance business analysts for your business, try out a few different recruiting strategies:
To successfully recruit advance business analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect advance business analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire advance business analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire advance business analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
You can expect to pay around $87,245 per year for an advance business analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for advance business analysts in the US typically range between $33 and $52 an hour.