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Business & data analyst hiring summary. Here are some key points about hiring business & data analysts in the United States:
Here's a step-by-step business & data analyst hiring guide:
A business and data analyst is an individual who specializes in utilizing different data-centered strategies in providing analytical services to a company or an organization. Their duties focus on conducting extensive market research and assessments, organizing studies using various techniques and approaches, gathering and analyzing data, performing risk assessments, and spearheading activities such as interviews and surveys. They use their research findings to create plans, establish business forecasts and models, and recommend solutions to optimize business operations.
The business & data analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
You should also consider the ideal background you'd like them a business & data analyst 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 & data analyst that fits the bill.
This list shows salaries for various types of business & data analysts.
| Type of Business & Data Analyst | Description | Hourly rate |
|---|---|---|
| Business & Data Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $26-48 |
| Analyst | Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes... Show more | $25-47 |
| Program Analyst | The job of program analysts is to plan, manage, and evaluate a company's computer programs. They usually perform different tasks, including researching and analyzing complex data to identify trends and offer the best recommendations for improvements... Show more | $25-50 |
Including a salary range in your business & data analyst job description is one of the best ways to attract top talent. A business & data analyst can vary based on:
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New Jersey | $90,744 | $44 |
| 2 | California | $90,451 | $43 |
| 3 | Washington | $90,246 | $43 |
| 4 | Massachusetts | $89,904 | $43 |
| 5 | District of Columbia | $89,759 | $43 |
| 6 | New York | $81,635 | $39 |
| 7 | Connecticut | $81,270 | $39 |
| 8 | Virginia | $78,277 | $38 |
| 9 | North Carolina | $76,801 | $37 |
| 10 | Illinois | $74,600 | $36 |
| 11 | Pennsylvania | $74,538 | $36 |
| 12 | Colorado | $73,200 | $35 |
| 13 | Missouri | $72,901 | $35 |
| 14 | Arizona | $71,995 | $35 |
| 15 | Oregon | $71,620 | $34 |
| 16 | Minnesota | $70,607 | $34 |
| 17 | Georgia | $69,555 | $33 |
| 18 | Texas | $69,363 | $33 |
| 19 | Ohio | $68,947 | $33 |
| 20 | Florida | $64,767 | $31 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $129,852 | $62.43 | 904 |
| 2 | $126,855 | $60.99 | 235 | |
| 3 | Microsoft | $125,103 | $60.15 | 129 |
| 4 | Apple | $120,819 | $58.09 | 64 |
| 5 | Cambridge Associates | $113,459 | $54.55 | |
| 6 | Adobe | $112,269 | $53.98 | 43 |
| 7 | Intuitive Surgical | $110,472 | $53.11 | 11 |
| 8 | $108,212 | $52.02 | 8 | |
| 9 | MUFG EMEA | $107,674 | $51.77 | |
| 10 | Barclays | $106,830 | $51.36 | 1 |
| 11 | Slalom | $106,229 | $51.07 | 195 |
| 12 | Sumitomo Mitsui Financial Group | $106,181 | $51.05 | |
| 13 | SurveyMonkey | $106,131 | $51.02 | |
| 14 | State Street | $105,462 | $50.70 | 23 |
| 15 | Dotdash | $104,663 | $50.32 | |
| 16 | Quora | $104,438 | $50.21 | |
| 17 | Nike | $104,248 | $50.12 | 12 |
| 18 | Stryker | $103,605 | $49.81 | 19 |
| 19 | J.P. Morgan | $103,596 | $49.81 | |
| 20 | Citi | $103,124 | $49.58 | 44 |
A job description for a business & data analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a business & data analyst job description:
To find business & data analysts for your business, try out a few different recruiting strategies:
Your first interview with business & data analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've found the business & data analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
Before you start to hire business & data analysts, it pays to consider both the one-off costs like recruitment, job promotion, and onboarding, as well as the ongoing costs of an employee's salary and benefits. While most companies that hire business & data analysts pay close attention to the initial cost of hiring, ongoing costs are much more significant in the long run.
Business & data analysts earn a median yearly salary is $75,461 a year in the US. However, if you're looking to find business & data analysts for hire on a contract or per-project basis, hourly rates typically range between $26 and $48.