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The differences between analysts and business development 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 analyst and a business development analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for an analyst include customer service, troubleshoot and data analysis. The most important skills for a business development analyst are business development, market research, and project management.
| Analyst | Business Development Analyst | |
| Yearly salary | $73,007 | $59,867 |
| Hourly rate | $35.10 | $28.78 |
| Growth rate | 11% | 11% |
| Number of jobs | 253,138 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Analysts and business development analysts have different pay scales, as shown below.
| Analyst | Business Development Analyst | |
| Average salary | $73,007 | $59,867 |
| Salary range | Between $53,000 And $99,000 | Between $39,000 And $91,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | The Citadel | Microsoft |
| Best paying industry | Technology | Technology |
There are a few differences between an analyst and a business development analyst in terms of educational background:
| Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between analysts' and business development analysts' demographics:
| Analyst | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |