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The differences between business development analysts and senior 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 senior business analyst. Additionally, a senior business analyst has an average salary of $96,844, 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 senior business analyst are project management, business analysis, and data analysis.
| Business Development Analyst | Senior Business Analyst | |
| Yearly salary | $59,867 | $96,844 |
| Hourly rate | $28.78 | $46.56 |
| Growth rate | 11% | 9% |
| Number of jobs | 185,387 | 129,426 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| 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 Senior Business Analyst's responsibilities may vary upon the organization or company. However, most of the time, the duties will focus on overseeing a company's business operation to analyze risks and come up with strategies that would boost financial gains and company efficiency. A Senior Business Analyst will work closely with various teams while monitoring and evaluating their performance and progress, coordinate with departments, lead fellow skilled professionals, gather and analyze data, and identify opportunities. All while prioritizing customer satisfaction and adhering to the company policies and standards.
Business development analysts and senior business analysts have different pay scales, as shown below.
| Business Development Analyst | Senior Business Analyst | |
| Average salary | $59,867 | $96,844 |
| Salary range | Between $39,000 And $91,000 | Between $72,000 And $129,000 |
| Highest paying City | Seattle, WA | San Mateo, CA |
| Highest paying state | Washington | California |
| Best paying company | Microsoft | Meta |
| Best paying industry | Technology | Finance |
There are a few differences between a business development analyst and a senior business analyst in terms of educational background:
| Business Development Analyst | Senior Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between business development analysts' and senior business analysts' demographics:
| Business Development Analyst | Senior Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.1% Female, 38.9% | Male, 56.0% Female, 44.0% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 11% |