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The differences between business analyst associates and business 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 a business analyst. Additionally, a business analyst has an average salary of $74,431, 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 a business analyst are project management, data analysis, and business analysis.
| Business Analyst Associate | Business Analyst | |
| Yearly salary | $68,806 | $74,431 |
| Hourly rate | $33.08 | $35.78 |
| Growth rate | 11% | 9% |
| Number of jobs | 129,806 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| 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.
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 analyst associates and business analysts have different pay scales, as shown below.
| Business Analyst Associate | Business Analyst | |
| Average salary | $68,806 | $74,431 |
| Salary range | Between $53,000 And $89,000 | Between $53,000 And $103,000 |
| Highest paying City | Jersey City, NJ | Mountain View, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Edelman Financial Engines | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a business analyst associate and a business analyst in terms of educational background:
| Business Analyst Associate | Business Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between business analyst associates' and business analysts' demographics:
| Business Analyst Associate | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 53.9% Female, 46.1% |
| 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, 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 | 12% | 11% |