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Business analysis manager hiring summary. Here are some key points about hiring business analysis managers in the United States:
Here's a step-by-step business analysis manager hiring guide:
A business analyst manager specializes in performing research and analysis to devise strategies for optimal business operations and services, ensuring efficiency and increased productivity. Their responsibilities typically revolve around coordinating different departments to develop functional services, setting goals and budgets, managing schedules, and establishing new projects to improve the organization's workflow and workforce performance. Furthermore, as a manager, it is essential to lead and encourage the team to reach goals, all while implementing the company's policies and regulations.
Before you post your business analysis manager job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business analysis manager for hire on a part-time basis or as a contractor.
A business analysis manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, business analysis managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
Here's a comparison of business analysis manager salaries for various roles:
| Type of Business Analysis Manager | Description | Hourly rate |
|---|---|---|
| Business Analysis Manager | 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. | $40-71 |
| Project Manager/Analyst | The primary job of project managers/analysts is to manage and develop new projects. They have varied duties and responsibilities, which include giving analytical support for projects, assisting in budget and financial analysis, and analyzing market trends, statistical data, and regulations relevant to the projects... Show more | $34-66 |
| Business Development Analyst | 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... Show more | $18-43 |
Including a salary range in the business analysis manager job description is a good way to get more applicants. A business analysis manager salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.
For example, the average salary for a business analysis manager in Mississippi may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level business analysis manager. Additionally, a business analysis manager with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $135,572 | $65 |
| 2 | New Jersey | $135,015 | $65 |
| 3 | Washington | $131,094 | $63 |
| 4 | California | $130,887 | $63 |
| 5 | Massachusetts | $126,100 | $61 |
| 6 | Connecticut | $122,380 | $59 |
| 7 | New York | $119,402 | $57 |
| 8 | Rhode Island | $112,713 | $54 |
| 9 | Texas | $110,561 | $53 |
| 10 | North Carolina | $108,221 | $52 |
| 11 | Delaware | $106,365 | $51 |
| 12 | Illinois | $104,746 | $50 |
| 13 | Ohio | $104,227 | $50 |
| 14 | Virginia | $104,170 | $50 |
| 15 | Colorado | $104,148 | $50 |
| 16 | Georgia | $102,488 | $49 |
| 17 | Pennsylvania | $102,203 | $49 |
| 18 | Michigan | $98,647 | $47 |
| 19 | Florida | $93,965 | $45 |
| 20 | Indiana | $91,687 | $44 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Integrated DNA Technologies | $135,041 | $64.92 | |
| 2 | Genentech | $133,502 | $64.18 | 7 |
| 3 | Citi | $130,340 | $62.66 | 20 |
| 4 | Biogen | $129,451 | $62.24 | 2 |
| 5 | VMware | $129,428 | $62.23 | |
| 6 | BNY Mellon | $128,907 | $61.97 | 7 |
| 7 | Bed Bath & Beyond | $128,642 | $61.85 | |
| 8 | Federal National Mortgage Association | $127,062 | $61.09 | 6 |
| 9 | Intuit | $126,465 | $60.80 | 43 |
| 10 | The TJX Companies | $126,240 | $60.69 | 13 |
| 11 | Cisco | $125,942 | $60.55 | 108 |
| 12 | Novartis | $125,659 | $60.41 | 2 |
| 13 | Inter-American Development Bank | $125,460 | $60.32 | |
| 14 | Starbucks | $124,573 | $59.89 | 2 |
| 15 | Cirrus Logic | $124,537 | $59.87 | 1 |
| 16 | Microsoft | $123,718 | $59.48 | 30 |
| 17 | Coty | $123,285 | $59.27 | 9 |
| 18 | Amgen | $123,201 | $59.23 | 47 |
| 19 | Creative Associates International | $123,064 | $59.17 | |
| 20 | Corning Incorporated | $120,291 | $57.83 | 8 |
A job description for a business analysis manager 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 a business analysis manager job description:
To find business analysis managers for your business, try out a few different recruiting strategies:
Your first interview with business analysis manager candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 business analysis manager 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.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
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.
Recruiting business analysis managers involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.
The median annual salary for business analysis managers is $112,261 in the US. However, the cost of business analysis manager hiring can vary a lot depending on location. Additionally, hiring a business analysis manager for contract work or on a per-project basis typically costs between $40 and $71 an hour.