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The differences between business analyst associates 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 a business analyst associate and a business development analyst. Additionally, a business analyst associate has an average salary of $68,806, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business analyst associate include healthcare, project management and business processes. The most important skills for a business development analyst are business development, market research, and project management.
| Business Analyst Associate | Business Development Analyst | |
| Yearly salary | $68,806 | $59,867 |
| Hourly rate | $33.08 | $28.78 |
| Growth rate | 11% | 11% |
| Number of jobs | 129,806 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| 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.
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.
Business analyst associates and business development analysts have different pay scales, as shown below.
| Business Analyst Associate | Business Development Analyst | |
| Average salary | $68,806 | $59,867 |
| Salary range | Between $53,000 And $89,000 | Between $39,000 And $91,000 |
| Highest paying City | Jersey City, NJ | Seattle, WA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Edelman Financial Engines | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a business analyst associate and a business development analyst in terms of educational background:
| Business Analyst Associate | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business analyst associates' and business development analysts' demographics:
| Business Analyst Associate | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 48.2% Female, 51.8% | Male, 61.1% Female, 38.9% |
| 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, 7.6% 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% |