How to hire a business & finance analyst

How to hire a business & finance analyst, step by step

Here's a step-by-step business & finance analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a business & finance analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new business & finance analyst
• Step 8: Go through the hiring process checklist

What does a business & finance analyst do?

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1. Identify your hiring needs

   The business & finance 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.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect business & finance analyst also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   The following list breaks down different types of business & finance analysts and their corresponding salaries.

   Type of Business & Finance Analyst	Description	Hourly rate
   Business & Finance Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$24-47
   Cost Analyst	Cost Analysts are employees with a strong background in finance or accounting. They are in charge of collecting financial data and analyzing the entries... Show more	$18-35
   Finance Analyst/Accountant	In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently... Show more	$22-40

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Analysis
   • Business Analysis
   • Shared Services
   • Financial Data
   • Strong Analytical
   • Process Improvement
   • Data Analysis
   • Business Process
   • ERP
   • Financial Models
   • Hyperion
   • Financial Performance
   • Financial Statements
   • Variance Analysis

   Check all skills

   Responsibilities:

   • Manage and maintain DCAA approve accrual record keeping system while maintaining GAAP standards.
   • Lead company in Essbase implementation and developing a centralize and standardize reporting process.
   • Develop, maintain financial models/applications (VBA Excel/Access) to automate and streamline business processes and perform financial analysis.
   • Conduct data analysis using SQL.
   • Manipulate and run labor reports weekly using Hyperion for account financial measures and assumptions.
   • Analyze huge sets of data using SQL and excel for ensuring data quality and issues.

   More business & finance analyst duties

3. Make a budget

   Including a salary range in your business & finance analyst job description is one of the best ways to attract top talent. A business & finance analyst can vary based on:

   • Location. For example, business & finance analysts' average salary in north dakota is 35% less than in washington.
   • Seniority. Entry-level business & finance analysts 49% less than senior-level business & finance analysts.
   • Certifications. A business & finance analyst with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a business & finance analyst's salary.

   Average business & finance analyst salary

   $70,514yearly

   $33.90 hourly rate

   ---

   Entry-level business & finance analyst salary

   $50,000 yearly salary

   Updated January 21, 2026

   Average business & finance analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$80,609	$39
   2	Washington	$79,072	$38
   3	Massachusetts	$75,249	$36
   4	New York	$72,580	$35
   5	New Jersey	$72,233	$35
   6	Arizona	$71,708	$34
   7	North Carolina	$71,685	$34
   8	Texas	$69,292	$33
   9	Missouri	$68,967	$33
   10	Pennsylvania	$68,109	$33
   11	District of Columbia	$65,786	$32
   12	Oregon	$64,766	$31
   13	Virginia	$64,630	$31
   14	Minnesota	$62,874	$30
   15	Colorado	$62,826	$30
   16	Illinois	$61,879	$30
   17	Georgia	$61,435	$30
   18	Wisconsin	$60,288	$29
   19	Utah	$59,823	$29
   20	Ohio	$59,785	$29

   Average business & finance analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Google	$121,970	$58.64	77
   2	Intuit	$112,270	$53.98	55
   3	Apple	$108,246	$52.04	33
   4	Cisco	$104,983	$50.47	23
   5	HP	$101,086	$48.60	4
   6	eBay	$98,132	$47.18	5
   7	Argonne National Laboratory	$96,869	$46.57	1
   8	Bridgewater Associates	$96,072	$46.19	2
   9	Applied Materials	$95,757	$46.04	45
   10	Los Alamos National Laboratory	$95,722	$46.02	3
   11	Arkema	$95,716	$46.02
   12	Authentic Brands Group	$95,698	$46.01
   13	The Travelers Companies	$93,412	$44.91	34
   14	Standard Chartered	$93,258	$44.84	45
   15	Stripe	$92,928	$44.68	9
   16	MUFG EMEA	$92,602	$44.52
   17	Micron Technology	$92,537	$44.49	17
   18	Shearman & Sterling	$92,303	$44.38
   19	Goldman Sachs	$90,739	$43.62	92
   20	Sherpa	$90,698	$43.60	4

4. Writing a business & finance analyst job description

   A good business & finance analyst job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a business & finance analyst job description:

   Business & finance analyst job description example

   Infosys is seeking a VisionPLUS Developer. As an associate consultant with 4 to 6 years VisionPLUS Support/Development experience, you are required to contribute in Platform support for VisionPLUS card processing platforms. This support includes, region Support, discussion with users, Issue resolution, Migration support, release implementation support, Disaster recovery support and Batch support. We mainly require expertise especially in CMS, FAS, TRAMS applications.
   Required Qualifications
   • Bachelor's degree or foreign equivalent required from an accredited institution. Will also consider three years of progressive experience in the specialty in lieu of every year of education
   • At least 5 years of experience in Information Technology.
   • Candidate must be located within commuting distance of Coral Sprints, FL or be willing to relocate to the area. This position may require travel to project locations.
   • U.S. citizens and those authorized to work in the U.S. are encouraged to apply. We are unable to sponsor at this time.
   • Experience in VisionPLUS(TRAMS, FAS, CMS).
   • Experience in Mainframe Technologies (JCL, CICS, COBOL, VSAM, Easytrieve)
   
   Preferred Qualifications
   • At least 5 years of experience in VisionPLUS especially in TRAMS, CMS, FAS.
   • At least 5 years of experience in mainframe Technologies - JCL, CICS, Cobol, VSAM
   • At least 5 years of experience in VIsionPLUS development or Support.
   • Analytical and Communication skills
   
   The job entails sitting as well as working at a computer for extended periods of time. Should be able to communicate by telephone, email or face to face. Travel may be required as per the job requirements.
   
   About Us
   Infosys is a global leader in next-generation digital services and consulting. We enable clients in more than 50 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
   Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
   
   EOE/Minority/Female/Veteran/Disabled/Sexual Orientation/Gender Identity/National Origin

   Copy this example

   

5. Post your job

   There are a few common ways to find business & finance analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your business & finance analyst job on Zippia to find and attract quality business & finance analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with business & finance 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.

   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.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new business & finance analyst

   Once you've selected the best business & finance analyst 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 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 business & finance analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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