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The differences between business analyst associates and analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a business analyst associate and an analyst. Additionally, an analyst has an average salary of $73,007, which is higher than the $68,806 average annual salary of a business analyst associate.
The top three skills for a business analyst associate include healthcare, project management and business processes. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Business Analyst Associate | Analyst | |
| Yearly salary | $68,806 | $73,007 |
| Hourly rate | $33.08 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 129,806 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business analyst associate job supports collaborating with financial reporting and developing strategies and initiatives that optimize costs and improve internal and external reporting. They work closely with business analysts to help make improvements in streamlining reports and review the process requirements by constantly communicating with the clients or end-users. The role should also call for a solid understanding of regulatory and requirements in reporting as well as experience in forecasting, budgeting, and financial analysis shared with a comprehensive understanding of key performance indicators.
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.
Business analyst associates and analysts have different pay scales, as shown below.
| Business Analyst Associate | Analyst | |
| Average salary | $68,806 | $73,007 |
| Salary range | Between $53,000 And $89,000 | Between $53,000 And $99,000 |
| Highest paying City | Jersey City, NJ | Jersey City, NJ |
| Highest paying state | New Jersey | New Jersey |
| Best paying company | Edelman Financial Engines | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a business analyst associate and an analyst in terms of educational background:
| Business Analyst Associate | Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business analyst associates' and analysts' demographics:
| Business Analyst Associate | Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.3% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 12% | 12% |