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How to hire a business management analyst

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

  • The median cost to hire a business management 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 management 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 233,586 business management analysts in the US, and there are currently 203,737 job openings in this field.
  • New York, NY, has the highest demand for business management analysts, with 25 job openings.

How to hire a business management analyst, step by step

To hire a business management analyst, you should create an ideal candidate profile, determine a budget, and post and promote your job. Here's a step-by-step guide on how to hire a business management analyst:

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

What does a business management analyst do?

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.

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

    First, determine the employments status of the business management analyst you need to hire. Certain business management analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

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

    You should also consider the ideal background you'd like them a business management analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a business management analyst that fits the bill.

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

    Type of Business Management AnalystDescriptionHourly rate
    Business Management AnalystManagement analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues.$23-47
    Staff AnalystStaff Analysts are employees who oversee the activities related to the employees. They monitor the performance of the employees and assess whether particular employees suit the role they have... Show more$34-65
    Program AnalystThe job of program analysts is to plan, manage, and evaluate a company's computer programs. They usually perform different tasks, including researching and analyzing complex data to identify trends and offer the best recommendations for improvements... Show more$25-50
  2. Create an ideal candidate profile

    Common skills:
    • Project Management
    • CRM
    • Business Analysis
    • Analytics
    • Customer Service
    • Scrum
    • Strong Analytical
    • Portfolio
    • Pivot Tables
    • Visio
    • Data Analysis
    • Salesforce
    • Financial Analysis
    • UAT
    Check all skills
    Responsibilities:
    • Conduct JAD sessions with medical personnel, SME's and technical leads to elicit requirements and do feasibility study.
    • Manage stakeholder communication and relationships throughout full SDLC for each software release.
    • Manage project documentation and storage in an intuitive, user-friendly hierarchy using SharePoint.
    • Manage the Salesforce preparation for migration from GreatPlains to PeopleSoft and successfully execute said migration.
    • Analyze the current CRM mobile applications in order to provide the best user interface design for the mobile application.
    • Lead CRM analyst for outbound email marketing customer communications.
    More business management analyst duties
  3. Make a budget

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

    • Location. For example, business management analysts' average salary in hawaii is 45% less than in washington.
    • Seniority. Entry-level business management analysts 50% less than senior-level business management analysts.
    • Certifications. A business management 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 management analyst's salary.

    Average business management analyst salary

    $69,743yearly

    $33.53 hourly rate

    Entry-level business management analyst salary
    $49,000 yearly salary
    Updated December 16, 2025

    Average business management analyst salary by state

    RankStateAvg. salaryHourly rate
    1Washington$87,712$42
    2New Jersey$81,291$39
    3California$80,616$39
    4District of Columbia$78,204$38
    5Maryland$75,552$36
    6New York$75,364$36
    7North Carolina$75,304$36
    8Illinois$73,938$36
    9Massachusetts$72,577$35
    10Virginia$70,787$34
    11Connecticut$69,581$33
    12Georgia$68,635$33
    13Pennsylvania$66,182$32
    14South Carolina$65,021$31
    15Texas$64,783$31
    16Ohio$64,698$31
    17Michigan$63,591$31
    18Arizona$63,526$31
    19Oklahoma$62,857$30
    20Indiana$60,902$29

    Average business management analyst salary by company

    RankCompanyAverage salaryHourly rateJob openings
    1Meta$124,980$60.09426
    2Microsoft$120,787$58.0727
    3Applied Materials$115,187$55.3820
    4Cambridge Associates$111,519$53.61
    5Cisco$111,048$53.3949
    6Neuberger Berman$110,464$53.1121
    7Intuit$108,400$52.1248
    8Kronos Incorporated$107,852$51.85
    9DocuSign$107,284$51.584
    10Barclays$106,735$51.311
    11Tory Burch$105,355$50.65
    12Mayo Clinic$104,753$50.3614
    13Florida Power and Light $104,600$50.2927
    14Square$103,739$49.87
    15HSBC Bank$99,720$47.944
    16Citi$99,338$47.7673
    17Deutsche Bank$97,645$46.9430
    18UBS$97,343$46.8011
    19Harvard Bioscience$96,699$46.49
    20HP$96,367$46.336
  4. Writing a business management analyst job description

    A business management 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. To help get you started, here's an example of a business management analyst job description:

    Business management analyst job description example

    This is a perfect challenge for a senior Project Manager with an excellent understanding of regulations to build their profile with a wide range of partners

    This role requires experience across multiple asset classes (Rates, Credit, Equity, FX) and multiple trade capture systems for cash and derivative (OTC & ETD) markets, on and off exchange

    The Project Manager will be involved in all aspects of the project lifecycle and part of the program management

    The candidate must be very hands on, pragmatic, proactive and accountable, with excellent Front Office relationship building and relationship management skills
    Requirements Planning & Management Liaising with Compliance, Legal, Business, Vendors and Industry Forae to resolve complex issues Test Planning & Management Working with partners in ensuring the needed level of research is completed to accurately define the solution benefits and risks Employing structured analysis techniques such as Use Cases, UML, decision tables to ensure completeness, clarity and non-ambiguity of requirements Proactive identification and resolution of requirements conflicts Finding opportunities for improvement in the business architecture Verifying requirements and their scope and priorities with partners Managing requirements change and maintaining requirements traceability Working with technical teams to validate proposed solutions Optimally communicating the information needed to facilitate a decision to move forward with the proposed solution Data analysis and presentation using Excel & PowerPoint Develop a sound understanding of the Bank's policies, systems and processes

    Your future colleagues

    The successful candidate will join a well-established and highly valued change management team. This is a globally distributed team covering 30-40 regulations split between 4 programs. They will gain exposure to multiple areas of the bank and will be well positioned to build a complete understanding of the front-to-back operations of a global investment bank. We are a department which values Diversity and Inclusion (D&I) and is committed to realizing the firm's D&I ambition which is an integral part of our global cultural values.

    Your skills and experience

    Experienced project manager: PMI, PMP or PRINCE2 qualification preferred Experience in other Regulatory initiatives desirable Track record in delivering major projects to tight timelines delivered in an investment bank or similar institution Experience of running project teams across multiple locations in industry Excellent knowledge of investment banking processes - front to back Has been involved in managing or analysis of change Experience of dealing with senior management Experience in achieving results in a project context using resources that do not report directly to you (e.g. from clients, from other departments, external suppliers) Solid knowledge of IT: managing IT oriented projects, user's requirements / testing. Must have worked with technology groups and IT implementations Excellent formal presentation skills General business analysis and problem solving skills Dedication to fostering an inclusive culture and value varied perspectives
  5. Post your job

    To find the right business management analyst for your business, consider trying out a few different recruiting strategies:

    • Consider internal talent. One of the most important sources of talent for any company is its existing workforce.
    • Ask for referrals. Reach out to friends, family members, and current employees and ask if they know or have worked with business management analysts they would recommend.
    • Recruit at local colleges. Attend job fairs at local colleges to recruit business management analysts who meet your education requirements.
    • Social media platforms. LinkedIn, Facebook and Twitter now have more than 3.5 billion users, and you can use social media to reach potential job candidates.
    Post your job online:
    • Post your business management analyst job on Zippia to find and recruit business management analyst candidates who meet your exact specifications.
    • Use field-specific websites.
    • Post a job on free websites.
  6. Interview candidates

    Your first interview with business management 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.

    Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates 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 management analyst

    Once you have selected a candidate for the business management analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

    It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

    To prepare for the new business management 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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How much does it cost to hire a business management analyst?

Recruiting business management analysts involves both the one-time costs of hiring and the ongoing costs of adding a new employee to your team. Your spending during the hiring process will mostly be on things like promoting the job on job boards, reviewing and interviewing candidates, and onboarding the new hire. Ongoing costs will obviously involve the employee's salary, but also may include things like benefits.

The median annual salary for business management analysts is $69,743 in the US. However, the cost of business management analyst hiring can vary a lot depending on location. Additionally, hiring a business management analyst for contract work or on a per-project basis typically costs between $23 and $47 an hour.

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