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The differences between business information 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 information analyst and a lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $72,633 average annual salary of a business information analyst.
The top three skills for a business information analyst include data analysis, strong analytical and ad-hoc reports. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Business Information Analyst | Lead Business Analyst | |
| Yearly salary | $72,633 | $107,171 |
| Hourly rate | $34.92 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 198,783 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
Business information analysts evaluate and recommend improvements to the company's information technology systems. They assist in identifying the best technological solutions in analyzing business information and engage in IT projects, from development to execution. They work closely with stakeholders to better understand the company's operational issues and to develop technology systems to resolve them. A business information analyst is also responsible for preparing reports for senior management, facilitating and conducting quality training to customers, and overseeing the database for customer purchase orders.
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 information analysts and lead business analysts have different pay scales, as shown below.
| Business Information Analyst | Lead Business Analyst | |
| Average salary | $72,633 | $107,171 |
| Salary range | Between $53,000 And $98,000 | Between $82,000 And $139,000 |
| Highest paying City | Edison, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | Meta | Citi |
| Best paying industry | Manufacturing | Finance |
There are a few differences between a business information analyst and a lead business analyst in terms of educational background:
| Business Information Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business information analysts' and lead business analysts' demographics:
| Business Information Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 49.7% Female, 50.3% | Male, 55.3% Female, 44.7% |
| Race ratio | Black or African American, 7.5% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.8% 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% |