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Business analyst internship hiring summary. Here are some key points about hiring business analyst interns in the United States:
Here's a step-by-step business analyst internship hiring guide:
A Business Analyst Intern provides support to the business analysis team in preparing business plans and strategies. They make suggestions for improvements, write reports, perform research, and analyze data.
First, determine the employments status of the business analyst internship you need to hire. Certain business analyst internship roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A business analyst internship's background is also an important factor in determining whether they'll be a good fit for the position. For example, business analyst interns 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.
This list presents business analyst internship salaries for various positions.
| Type of Business Analyst Internship | Description | Hourly rate |
|---|---|---|
| Business Analyst Internship | 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. | $16-28 |
| Data Analyst | Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources... Show more | $25-49 |
| Analyst | 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... Show more | $25-47 |
Including a salary range in the business analyst internship job description is a good way to get more applicants. A business analyst internship 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 analyst internship in Kansas may be lower than in Alaska, and an entry-level engineer typically earns less than a senior-level business analyst internship. Additionally, a business analyst internship with lots of experience in the field may command a higher salary as a result.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $60,152 | $29 |
| 2 | New Jersey | $49,575 | $24 |
| 3 | District of Columbia | $48,814 | $23 |
| 4 | New York | $47,608 | $23 |
| 5 | Massachusetts | $47,062 | $23 |
| 6 | Maryland | $46,304 | $22 |
| 7 | Minnesota | $43,856 | $21 |
| 8 | Colorado | $43,365 | $21 |
| 9 | Tennessee | $42,733 | $21 |
| 10 | Georgia | $42,630 | $21 |
| 11 | Illinois | $42,466 | $20 |
| 12 | New Hampshire | $42,105 | $20 |
| 13 | Ohio | $40,993 | $20 |
| 14 | Virginia | $40,264 | $19 |
| 15 | New Mexico | $40,052 | $19 |
| 16 | Wisconsin | $39,518 | $19 |
| 17 | North Carolina | $39,109 | $19 |
| 18 | Pennsylvania | $38,577 | $19 |
| 19 | Missouri | $38,237 | $18 |
| 20 | South Carolina | $37,288 | $18 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | McKinsey & Company Inc | $66,819 | $32.12 | 49 |
| 2 | Qorvo | $65,992 | $31.73 | |
| 3 | A.T. Kearney | $65,268 | $31.38 | 1 |
| 4 | Accenture | $65,152 | $31.32 | 57 |
| 5 | ABB | $58,632 | $28.19 | 67 |
| 6 | Kyriba | $57,675 | $27.73 | |
| 7 | Ball | $56,660 | $27.24 | 3 |
| 8 | Waters | $55,134 | $26.51 | 12 |
| 9 | RingCentral | $54,549 | $26.23 | 2 |
| 10 | Oracle | $52,801 | $25.39 | 664 |
| 11 | Valmont Industries | $52,663 | $25.32 | 5 |
| 12 | Intel | $52,405 | $25.19 | 4 |
| 13 | National Railroad Passenger Corporation | $52,317 | $25.15 | 2 |
| 14 | Bloom Energy | $52,200 | $25.10 | 22 |
| 15 | Workiva | $51,676 | $24.84 | |
| 16 | General Dynamics | $50,591 | $24.32 | 61 |
| 17 | Allianz Life | $50,048 | $24.06 | 12 |
| 18 | Veolia Water Tech | $49,744 | $23.92 | 4 |
| 19 | Cenergy International Services | $49,158 | $23.63 | |
| 20 | CACI International | $48,354 | $23.25 | 157 |
A business analyst internship job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a business analyst internship job description:
To find business analyst interns for your business, try out a few different recruiting strategies:
Recruiting business analyst interns requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the business analyst internship candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new business analyst internship. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Recruiting business analyst interns 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 analyst interns is $45,560 in the US. However, the cost of business analyst internship hiring can vary a lot depending on location. Additionally, hiring a business analyst internship for contract work or on a per-project basis typically costs between $16 and $28 an hour.