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The differences between business development analysts and lead business 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 development analyst and a lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business development analyst include business development, market research and project management. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Business Development Analyst | Lead Business Analyst | |
| Yearly salary | $59,867 | $107,171 |
| Hourly rate | $28.78 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 185,387 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
A lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
Business development analysts and lead business analysts have different pay scales, as shown below.
| Business Development Analyst | Lead Business Analyst | |
| Average salary | $59,867 | $107,171 |
| Salary range | Between $39,000 And $91,000 | Between $82,000 And $139,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Microsoft | Citi |
| Best paying industry | Technology | Finance |
There are a few differences between a business development analyst and a lead business analyst in terms of educational background:
| Business Development Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business development analysts' and lead business analysts' demographics:
| Business Development Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 55.3% Female, 44.7% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 12% | 12% |