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How to hire a business functional analyst

Business functional analyst hiring summary. Here are some key points about hiring business functional analysts in the United States:

  • The median cost to hire a business functional analyst is $1,633.
  • It takes between 36 and 42 days to fill the average role in the US.
  • HR departments typically allocate 15% of their budget towards recruitment efforts.
  • Small businesses spend $1,105 per business functional analyst on training each year, while large companies spend $658.
  • It takes approximately 12 weeks for a new employee to reach full productivity levels.
  • There are a total of 193,112 business functional analysts in the US, and there are currently 116,341 job openings in this field.
  • Boston, MA, has the highest demand for business functional analysts, with 5 job openings.

How to hire a business functional analyst, step by step

To hire a business functional analyst, consider the skills and experience you are looking for in a candidate, allocate a budget for the position, and post and promote the job opening to reach potential candidates. Follow these steps to hire a business functional analyst:

Here's a step-by-step business functional 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 functional analyst job description
  • Step 5: Post your job
  • Step 6: Interview candidates
  • Step 7: Send a job offer and onboard your new business functional analyst
  • Step 8: Go through the hiring process checklist

What does a business functional analyst do?

A business functional analyst's role focuses on helping companies utilize and implement software and systems in various operations. They conduct initial assessments, gather and analyze data from different departments, perform risk assessments, and create plans for system implementation and integration. They also conduct extensive research and analyses to determine the strengths and weaknesses of existing systems, developing solutions to optimize operations. Moreover, besides performing analytical tasks, a business functional analyst may also provide technical support to staff by troubleshooting complex issues and performing corrective measures when necessary.

Learn more about the specifics of what a business functional analyst does
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  1. Identify your hiring needs

    Before you start hiring a business functional analyst, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

    Determine employee vs contractor status
    Is the person you're thinking of hiring a US citizen or green card holder?

    Hiring the perfect business functional 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.

    This list presents business functional analyst salaries for various positions.

    Type of Business Functional AnalystDescriptionHourly rate
    Business Functional AnalystComputer systems analysts study an organization’s current computer systems and procedures and design information systems solutions to help the organization operate more efficiently and effectively. They bring business and information technology (IT) together by understanding the needs and limitations of both.$31-58
    Analyst LeadThe duties of an analyst lead depend on one's line of work or industry of employment. Typically, their responsibilities revolve around performing research and analysis, coordinating with different departments to gather leads and data, reviewing findings, and producing reports and presentations for the stakeholders and other higher-ranking officials... Show more$35-58
    Implementation AnalystAn implementation analyst is a professional who is responsible for conducting data analysis and software testing when a company is doing a software upgrade. Implementation analysts must ensure that the company has the appropriate equipment to meet its operational needs by determining which hardware and software they should use... Show more$28-53
  2. Create an ideal candidate profile

    Common skills:
    • Java
    • Business Process
    • ERP
    • UAT
    • Test Cases
    • User Acceptance
    • Functional Specifications
    • BI
    • Manage Change
    • Visio
    • User Stories
    • Test Scripts
    • Regression
    • Gap Analysis
    Check all skills
    Responsibilities:
    • Manage integrated functionality & technology dependencies, usability, reliability, performance and support requirements of legacy CRM and web applications.
    • Train the business team on Sharepoint.
    • Provide SME knowledge to analyst and technical team on ordering business.
    • Provide cross functional diagrams through the use of Visio to represent user/system interaction.
    • Develop Visio models to show data and process flows for current and future processes.
    • Employ SDLC for the purpose of monitoring the project and also follow the step-by-step procedure.
    More business functional analyst duties
  3. Make a budget

    Including a salary range in your business functional analyst job description helps attract top candidates to the position. A business functional analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

    For example, the average salary for a business functional analyst in Florida may be lower than in California, and an entry-level business functional analyst usually earns less than a senior-level business functional analyst. Additionally, a business functional analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

    Average business functional analyst salary

    $89,264yearly

    $42.92 hourly rate

    Entry-level business functional analyst salary
    $65,000 yearly salary
    Updated December 5, 2025

    Average business functional analyst salary by state

    RankStateAvg. salaryHourly rate
    1California$118,705$57
    2Washington$106,699$51
    3Massachusetts$103,061$50
    4Maryland$97,599$47
    5District of Columbia$95,244$46
    6New York$93,734$45
    7New Jersey$87,680$42
    8Virginia$84,423$41
    9Michigan$82,148$39
    10Indiana$81,226$39
    11North Carolina$81,092$39
    12Connecticut$79,914$38
    13Texas$78,773$38
    14Pennsylvania$78,575$38
    15Missouri$77,331$37
    16Ohio$77,315$37
    17Wisconsin$74,950$36
    18Colorado$71,909$35
    19Minnesota$71,488$34
    20Florida$69,601$33

    Average business functional analyst salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1The Children's Place$117,252$56.37
    2Deutsche Bank$113,666$54.6510
    3Dialogic Corp.$113,172$54.41
    4Amundi$110,161$52.96
    5I.T. Consortium$105,510$50.736
    6National Railroad Passenger Corporation$105,038$50.50
    7Dexcom$104,959$50.467
    8Transatlantic Holdings, Inc.$103,488$49.75
    9Randstad North America, Inc.$101,587$48.8414
    10Sherpa$100,611$48.37
    11Revenera$97,978$47.101
    12Front$97,879$47.06
    13CSW Industrials$96,820$46.55
    14Inspectorate Sharp Global Corporation (isg)$96,820$46.55
    15Datapoint Corp$96,820$46.55
    16GeBBS Consulting$96,569$46.43
    17Ocean State Job Lot$96,120$46.21
    18General Dynamics Mission Systems$95,977$46.14
    19Solution IT$95,203$45.77
    20DIVERSANT$94,996$45.67
  4. Writing a business functional analyst job description

    A business functional analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a business functional analyst job description:

    Business functional analyst job description example

    Job Title: Business Functional Analyst
    Corporate Title: Assistant Vice President
    Location: Cary, NC

    Overview
    Business Functional Analyst role covers the whole analysis phase of a project and is able to design optimal target state business processes, including aspects outside own area of responsibility to ensure target processes are designed and aligned front to back.

    Business Functional Analyst is responsible for ensuring requirements are captured, analyzing the impact of changes, and supporting the Business throughout the implementation process. The Senior Business Functional Analyst is also responsible for guiding Business Functional Analysts in the review and analysis of requirements and functional specifications to ensure quality of deliverables.

    What We Offer You:
    We offer competitive health and wellness benefits, empowering you to value life in and out of the office An environment that encourages networking and collaboration across functions and businesses Conveniently located nature trails, accessible year-round

    Return to Office:
    At this time, all individuals present in the location must be fully vaccinated for Covid-19
    It is the Bank's expectation that employees hired into this role will work in the Cary office in accordance with the Bank's hybrid working model Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion

    Hear from our people and look inside our office: DB@The Muse

    Your Key Responsibilities:
    Conducting IB/Securities Operations processes/Fixed Income processing Responsible for all phases of the software development life cycle (SDLC), e.g., User Requirements gathering, writing Business requirements, writing Functional requirements, Testing (system integration testing (SIT) and user acceptance testing (UAT)); formulating test scenarios, test plan/strategy, test scripts, executing test scripts, defect tracking Project Management

    Your Skills and Experience:
    Knowledge of Broadridge application called MBSE and ImpactKnowledge of Fixed Income processing Experience with Tools like MS Office suite, JIRA, OneNoteTechnical knowledge like writing Structured Query Language (SQL) queries used to analyze data Ability to work in a team environment as this will require interacting with other teams outside of the group
    Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

    We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

    Click here to find out more about our diversity and inclusion policy and initiatives.
    We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
  5. Post your job

    There are a few common ways to find business functional 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 functional analyst job on Zippia to find and recruit business functional analyst candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Recruiting business functional analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

    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.

    Sometimes, it's not enough to interview business functional analyst candidates, so you can ask them to do a test project. If you are not a technical person and don't know what a test project should be, you can use these websites:

    • TestDome
    • CodeSignal
    • Testlify
    • BarRaiser
    • Coderbyte

    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 functional analyst

    Once you've found the business functional 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.

    You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

    After that, you can create an onboarding schedule for a new business functional analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

  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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How much does it cost to hire a business functional analyst?

Hiring a business functional analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting business functional analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of business functional analyst recruiting as well the ongoing costs of maintaining the new employee.

You can expect to pay around $89,264 per year for a business functional analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for business functional analysts in the US typically range between $31 and $58 an hour.

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