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The differences between business analysts, support and business & finance 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, support and a business & finance analyst. Additionally, a business & finance analyst has an average salary of $70,514, which is higher than the $68,419 average annual salary of a business analyst, support.
The top three skills for a business analyst, support include project management, data analysis and business processes. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Business Analyst, Support | Business & Finance Analyst | |
| Yearly salary | $68,419 | $70,514 |
| Hourly rate | $32.89 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 212,850 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
A business analyst/support is responsible for assisting with the company's project management procedures, ensuring that the processes meet the project deliverables timely and accurately. Business analysts/supports coordinate with the clients to update them with the project's progress and inform them of necessary adjustments as needed. They analyze the clients' specifications and requirements, plan technical solutions, and maintain materials and resources within the budget goals. A business analyst/support must have excellent communication and organizational skills, as well as quickly adapting to market changes and immediately resolve project inconsistencies together with the project team.
A financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Business analysts, support and business & finance analysts have different pay scales, as shown below.
| Business Analyst, Support | Business & Finance Analyst | |
| Average salary | $68,419 | $70,514 |
| Salary range | Between $45,000 And $103,000 | Between $50,000 And $99,000 |
| Highest paying City | Framingham, MA | San Francisco, CA |
| Highest paying state | Massachusetts | Washington |
| Best paying company | City National Bank | |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business analyst, support and a business & finance analyst in terms of educational background:
| Business Analyst, Support | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between business analysts, support' and business & finance analysts' demographics:
| Business Analyst, Support | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 46.8% Female, 53.2% | Male, 55.6% Female, 44.4% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |