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The differences between business analyst-product owners and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a business analyst-product owner and a contractor-business analyst. Additionally, a business analyst-product owner has an average salary of $100,087, which is higher than the $87,402 average annual salary of a contractor-business analyst.
The top three skills for a business analyst-product owner include user stories, acceptance criteria and jira. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Business Analyst-Product Owner | Contractor-Business Analyst | |
| Yearly salary | $100,087 | $87,402 |
| Hourly rate | $48.12 | $42.02 |
| Growth rate | 9% | 9% |
| Number of jobs | 175,034 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
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 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 analyst-product owners and contractor-business analysts have different pay scales, as shown below.
| Business Analyst-Product Owner | Contractor-Business Analyst | |
| Average salary | $100,087 | $87,402 |
| Salary range | Between $73,000 And $136,000 | Between $62,000 And $122,000 |
| Highest paying City | Redwood City, CA | - |
| Highest paying state | Oregon | - |
| Best paying company | JPMorgan Chase & Co. | - |
| Best paying industry | Professional | - |
There are a few differences between a business analyst-product owner and a contractor-business analyst in terms of educational background:
| Business Analyst-Product Owner | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 61% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between business analyst-product owners' and contractor-business analysts' demographics:
| Business Analyst-Product Owner | Contractor-Business Analyst | |
| Average age | 43 | 43 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 50.4% Female, 49.6% |
| 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, 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 | 8% | 8% |