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The differences between business analysts 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 and a business development analyst. Additionally, a business analyst has an average salary of $74,431, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business analyst include project management, data analysis and business analysis. The most important skills for a business development analyst are business development, market research, and project management.
| Business Analyst | Business Development Analyst | |
| Yearly salary | $74,431 | $59,867 |
| Hourly rate | $35.78 | $28.78 |
| Growth rate | 9% | 11% |
| Number of jobs | 170,514 | 185,387 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
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.
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 analysts and business development analysts have different pay scales, as shown below.
| Business Analyst | Business Development Analyst | |
| Average salary | $74,431 | $59,867 |
| Salary range | Between $53,000 And $103,000 | Between $39,000 And $91,000 |
| Highest paying City | Mountain View, CA | Seattle, WA |
| Highest paying state | Washington | Washington |
| Best paying company | The Citadel | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a business analyst and a business development analyst in terms of educational background:
| Business Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between business analysts' and business development analysts' demographics:
| Business Analyst | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 61.1% Female, 38.9% |
| Race ratio | 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% | 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 | 11% | 12% |