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The differences between business advisors and business analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business advisor has an average salary of $96,469, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a business advisor include customer service, project management and business operations. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Business Advisor | Business Analyst | |
| Yearly salary | $96,469 | $74,431 |
| Hourly rate | $46.38 | $35.78 |
| Growth rate | 6% | 9% |
| Number of jobs | 125,154 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | - | 4 |
Business Advisors are consultants responsible for implementing business strategies to improve financial and operational efficiency. They are involved in preparing financial budgets, recommending a change in the operational process, identifying new business opportunities, evaluating a marketing strategy, and reviewing supplier and labor contracts. Business advisors also help to manage risk by performing risk analysis and consumer behavioral analysis. They are involved in report preparation and work to maintain open communication with different departments to implement change.
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.
Business advisors and business analysts have different pay scales, as shown below.
| Business Advisor | Business Analyst | |
| Average salary | $96,469 | $74,431 |
| Salary range | Between $67,000 And $138,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Amazon | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a business advisor and a business analyst in terms of educational background:
| Business Advisor | Business Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | Stanford University |
Here are the differences between business advisors' and business analysts' demographics:
| Business Advisor | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 63.9% Female, 36.1% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4% | 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 | 11% | 11% |