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The differences between business analyst-product owners and business analyst-consultants can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a business analyst-product owner, becoming a business analyst-consultant takes usually requires 2-4 years. Additionally, a business analyst-product owner has an average salary of $100,087, which is higher than the $90,127 average annual salary of a business analyst-consultant.
The top three skills for a business analyst-product owner include user stories, acceptance criteria and jira. The most important skills for a business analyst-consultant are strong analytical, business process, and data analysis.
| Business Analyst-Product Owner | Business Analyst-Consultant | |
| Yearly salary | $100,087 | $90,127 |
| Hourly rate | $48.12 | $43.33 |
| Growth rate | 9% | 11% |
| Number of jobs | 175,034 | 166,560 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 69% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
A business analyst-product owner is responsible for monitoring the product management procedures, ensuring that the services accurately reach the target audience on a wide range of platforms. Business analysts-product owners utilize their business expertise, discussing the product's conceptualization to final deliverables. They conduct multiple quality control processes, comply with internal guidelines and state regulations, and adhere to the budget limitations and deadlines. A business analyst-product owner coordinates with the clients and stakeholders to discuss product plans and their impact on the financial stability of the organization.
A business analyst-consultant is responsible for overseeing the project management and ensuring that the operations meet the agreed-upon project deliverables. Business analyst-consultants closely coordinate with the clients for their specifications and requirements, monitoring the resources and processes for the project completion, and aligning those to the clients' budget goals. A business analyst-consultant helps the development team on strategizing techniques for brand promotions with minimal costs with maximum quality and productivity. They should have excellent communication and organizational skills, especially on identifying business opportunities to drive revenues and increase profitability.
Business analyst-product owners and business analyst-consultants have different pay scales, as shown below.
| Business Analyst-Product Owner | Business Analyst-Consultant | |
| Average salary | $100,087 | $90,127 |
| Salary range | Between $73,000 And $136,000 | Between $66,000 And $122,000 |
| Highest paying City | Redwood City, CA | Washington, DC |
| Highest paying state | Oregon | California |
| Best paying company | JPMorgan Chase & Co. | BNY Mellon |
| Best paying industry | Professional | Finance |
There are a few differences between a business analyst-product owner and a business analyst-consultant in terms of educational background:
| Business Analyst-Product Owner | Business Analyst-Consultant | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between business analyst-product owners' and business analyst-consultants' demographics:
| Business Analyst-Product Owner | Business Analyst-Consultant | |
| Average age | 43 | 44 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 53.1% Female, 46.9% |
| Race ratio | Black or African American, 9.5% Unknown, 5.0% Hispanic or Latino, 10.7% Asian, 20.5% White, 54.2% American Indian and Alaska Native, 0.2% | Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |