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Business functional analyst hiring summary. Here are some key points about hiring business functional analysts in the United States:
Here's a step-by-step business functional analyst hiring guide:
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.
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.
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 Analyst | Description | Hourly rate |
|---|---|---|
| Business Functional Analyst | Computer 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 Lead | The 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 Analyst | An 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 |
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.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $118,705 | $57 |
| 2 | Washington | $106,699 | $51 |
| 3 | Massachusetts | $103,061 | $50 |
| 4 | Maryland | $97,599 | $47 |
| 5 | District of Columbia | $95,244 | $46 |
| 6 | New York | $93,734 | $45 |
| 7 | New Jersey | $87,680 | $42 |
| 8 | Virginia | $84,423 | $41 |
| 9 | Michigan | $82,148 | $39 |
| 10 | Indiana | $81,226 | $39 |
| 11 | North Carolina | $81,092 | $39 |
| 12 | Connecticut | $79,914 | $38 |
| 13 | Texas | $78,773 | $38 |
| 14 | Pennsylvania | $78,575 | $38 |
| 15 | Missouri | $77,331 | $37 |
| 16 | Ohio | $77,315 | $37 |
| 17 | Wisconsin | $74,950 | $36 |
| 18 | Colorado | $71,909 | $35 |
| 19 | Minnesota | $71,488 | $34 |
| 20 | Florida | $69,601 | $33 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | The Children's Place | $117,252 | $56.37 | |
| 2 | Deutsche Bank | $113,666 | $54.65 | 10 |
| 3 | Dialogic Corp. | $113,172 | $54.41 | |
| 4 | Amundi | $110,161 | $52.96 | |
| 5 | I.T. Consortium | $105,510 | $50.73 | 6 |
| 6 | National Railroad Passenger Corporation | $105,038 | $50.50 | |
| 7 | Dexcom | $104,959 | $50.46 | 7 |
| 8 | Transatlantic Holdings, Inc. | $103,488 | $49.75 | |
| 9 | Randstad North America, Inc. | $101,587 | $48.84 | 14 |
| 10 | Sherpa | $100,611 | $48.37 | |
| 11 | Revenera | $97,978 | $47.10 | 1 |
| 12 | Front | $97,879 | $47.06 | |
| 13 | CSW Industrials | $96,820 | $46.55 | |
| 14 | Inspectorate Sharp Global Corporation (isg) | $96,820 | $46.55 | |
| 15 | Datapoint Corp | $96,820 | $46.55 | |
| 16 | GeBBS Consulting | $96,569 | $46.43 | |
| 17 | Ocean State Job Lot | $96,120 | $46.21 | |
| 18 | General Dynamics Mission Systems | $95,977 | $46.14 | |
| 19 | Solution IT | $95,203 | $45.77 | |
| 20 | DIVERSANT | $94,996 | $45.67 |
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:
There are a few common ways to find business functional analysts for your business:
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:
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
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.
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.