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The differences between business management analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a business management analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a contractor-business analyst has an average salary of $87,402, which is higher than the $69,743 average annual salary of a business management analyst.
The top three skills for a business management analyst include project management, CRM and business analysis. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Business Management Analyst | Contractor-Business Analyst | |
| Yearly salary | $69,743 | $87,402 |
| Hourly rate | $33.53 | $42.02 |
| Growth rate | 11% | 9% |
| Number of jobs | 203,737 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
A business management analyst specializes in conducting economic research and analysis to provide essential data that will help companies to develop better procedures and services. Moreover, their responsibilities typically revolve around evaluating existing processes and systems to look for areas in need of improvement, identifying issues and providing corrective measures, facilitating meetings and presentations, documenting and processing results, and maintaining an accurate record of data and transactions. Furthermore, it is essential to implement all policies and regulations, all while encouraging the team to reach goals and improve performance.
A contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Business management analysts and contractor-business analysts have different pay scales, as shown below.
| Business Management Analyst | Contractor-Business Analyst | |
| Average salary | $69,743 | $87,402 |
| Salary range | Between $49,000 And $98,000 | Between $62,000 And $122,000 |
| Highest paying City | Seattle, WA | - |
| Highest paying state | Washington | - |
| Best paying company | Meta | - |
| Best paying industry | Finance | - |
There are a few differences between a business management analyst and a contractor-business analyst in terms of educational background:
| Business Management Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between business management analysts' and contractor-business analysts' demographics:
| Business Management Analyst | Contractor-Business Analyst | |
| Average age | 44 | 43 |
| Gender ratio | Male, 51.4% Female, 48.6% | Male, 50.4% Female, 49.6% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.3% American Indian and Alaska Native, 0.2% | Black or African American, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 8% |