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Business analyst-product owner hiring summary. Here are some key points about hiring business analyst-product owners in the United States:
Here's a step-by-step business analyst-product owner hiring guide:
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.
Before you post your business analyst-product owner job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a business analyst-product owner for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a business analyst-product owner to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a business analyst-product owner that fits the bill.
This list presents business analyst-product owner salaries for various positions.
| Type of Business Analyst-Product Owner | Description | Hourly rate |
|---|---|---|
| Business Analyst-Product Owner | Computer systems analysts study an organization’s current computer systems and procedures and design information systems solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both. | $35-65 |
| Project Manager/Analyst | The primary job of project managers/analysts is to manage and develop new projects. They have varied duties and responsibilities, which include giving analytical support for projects, assisting in budget and financial analysis, and analyzing market trends, statistical data, and regulations relevant to the projects... Show more | $34-66 |
| Analyst Lead | The duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more | $35-58 |
Including a salary range in your business analyst-product owner job description helps attract top candidates to the position. A business analyst-product owner salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a business analyst-product owner in Alaska may be lower than in Oregon, and an entry-level business analyst-product owner usually earns less than a senior-level business analyst-product owner. Additionally, a business analyst-product owner with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $112,377 | $54 |
| 2 | Oregon | $106,623 | $51 |
| 3 | New York | $102,846 | $49 |
| 4 | Virginia | $101,079 | $49 |
| 5 | North Carolina | $100,930 | $49 |
| 6 | District of Columbia | $99,902 | $48 |
| 7 | Maryland | $98,979 | $48 |
| 8 | Pennsylvania | $98,819 | $48 |
| 9 | Massachusetts | $98,575 | $47 |
| 10 | Ohio | $96,732 | $47 |
| 11 | Arizona | $91,466 | $44 |
| 12 | Missouri | $88,579 | $43 |
| 13 | Florida | $87,321 | $42 |
| 14 | Texas | $86,696 | $42 |
| 15 | Maine | $86,119 | $41 |
| 16 | Georgia | $85,923 | $41 |
| 17 | Minnesota | $82,460 | $40 |
| 18 | Wisconsin | $82,338 | $40 |
| 19 | Tennessee | $82,071 | $39 |
| 20 | Illinois | $81,877 | $39 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | JPMorgan Chase & Co. | $133,239 | $64.06 | 574 |
| 2 | Mayo Clinic | $130,004 | $62.50 | 4 |
| 3 | Hoffmann-LA Roche Inc | $126,976 | $61.05 | 13 |
| 4 | Morgan Stanley | $125,970 | $60.56 | 19 |
| 5 | State Street | $123,542 | $59.40 | 21 |
| 6 | Exact Sciences | $122,189 | $58.74 | 4 |
| 7 | Columbia Sportswear | $117,291 | $56.39 | 5 |
| 8 | Amgen | $116,236 | $55.88 | 7 |
| 9 | Motion Recruitment | $116,114 | $55.82 | 16 |
| 10 | Randstad North America, Inc. | $114,804 | $55.19 | 17 |
| 11 | Q.E.D. Systems | $113,852 | $54.74 | 10 |
| 12 | TSR Consulting Services | $113,285 | $54.46 | |
| 13 | All in All | $113,208 | $54.43 | |
| 14 | McKesson | $113,117 | $54.38 | 37 |
| 15 | Robert Half | $111,953 | $53.82 | 141 |
| 16 | Alight Solutions | $111,479 | $53.60 | |
| 17 | Hired | $111,116 | $53.42 | |
| 18 | Stanford Health Care | $109,805 | $52.79 | 13 |
| 19 | MMIT | $109,368 | $52.58 | |
| 20 | Cogent Communications | $108,444 | $52.14 | 1 |
A business analyst-product owner 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. To help get you started, here's an example of a business analyst-product owner job description:
To find the right business analyst-product owner for your business, consider trying out a few different recruiting strategies:
During your first interview to recruit business analyst-product owners, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.
If your interviews with business analyst-product owner applicants aren't enough to make a decision, you should also consider including a test project. These are often the best, most straightforward, and least bias-prone ways of determining who will likely succeed in the role. If you don't know how to design an appropriate test, you can ask someone else on the team to create it or take a look at these websites to get a few ideas:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best business analyst-product owner candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
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-product owner. 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.
Hiring a business analyst-product owner comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business analyst-product owners involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business analyst-product owner recruiting as well the ongoing costs of maintaining the new employee.
Business analyst-product owners earn a median yearly salary is $100,087 a year in the US. However, if you're looking to find business analyst-product owners for hire on a contract or per-project basis, hourly rates typically range between $35 and $65.