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The differences between business planning analysts and data 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 planning analyst and a data analyst. Additionally, a business planning analyst has an average salary of $75,822, which is higher than the $74,342 average annual salary of a data analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a data analyst are data analysis, python, and power bi.
| Business Planning Analyst | Data Analyst | |
| Yearly salary | $75,822 | $74,342 |
| Hourly rate | $36.45 | $35.74 |
| Growth rate | 11% | 11% |
| Number of jobs | 146,438 | 167,520 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business planning analyst specializes in performing research and analysis to develop business plans and models, ensuring efficiency and profitability. Their responsibilities revolve around devising strategies to improve existing systems and procedures, coordinating with different departments to gather data, determining areas needing improvement, and identifying new market and sales opportunities. Furthermore, a business planning analyst may perform clerical tasks such as creating presentations, producing progress reports, maintaining records of all research and data, and managing budgets and expenditures.
Data analysts are responsible for interpreting the company's statistics and providing sound recommendations to the organization. They manage the organization's data sets, usually related to market performance, finance, or human resources. They are in charge of studying the available data, spotting trends, interpreting what the data and the trends mean, and recommending suggestions that will help the organization perform better. Their recommendations should also be relevant and backed up with strong analyses. Data analysts are expected to have a good grasp of the current market trends in the industry.
Business planning analysts and data analysts have different pay scales, as shown below.
| Business Planning Analyst | Data Analyst | |
| Average salary | $75,822 | $74,342 |
| Salary range | Between $57,000 And $100,000 | Between $53,000 And $103,000 |
| Highest paying City | New York, NY | Richmond, CA |
| Highest paying state | New York | New Jersey |
| Best paying company | Meta | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a business planning analyst and a data analyst in terms of educational background:
| Business Planning Analyst | Data Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business planning analysts' and data analysts' demographics:
| Business Planning Analyst | Data Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 50.2% Female, 49.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% | Black or African American, 7.5% Unknown, 4.4% Hispanic or Latino, 8.5% Asian, 14.5% White, 64.9% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |