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The differences between business analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a business analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a contractor-business analyst has an average salary of $87,402, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a business analyst include project management, data analysis and business analysis. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Business Analyst | Contractor-Business Analyst | |
| Yearly salary | $74,431 | $87,402 |
| Hourly rate | $35.78 | $42.02 |
| Growth rate | 9% | 9% |
| Number of jobs | 170,514 | 147,698 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
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 contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Business analysts and contractor-business analysts have different pay scales, as shown below.
| Business Analyst | Contractor-Business Analyst | |
| Average salary | $74,431 | $87,402 |
| Salary range | Between $53,000 And $103,000 | Between $62,000 And $122,000 |
| Highest paying City | Mountain View, CA | - |
| Highest paying state | Washington | - |
| Best paying company | The Citadel | - |
| Best paying industry | Finance | - |
There are a few differences between a business analyst and a contractor-business analyst in terms of educational background:
| Business Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between business analysts' and contractor-business analysts' demographics:
| Business Analyst | Contractor-Business Analyst | |
| Average age | 44 | 43 |
| Gender ratio | Male, 53.9% Female, 46.1% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 11% | 8% |