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The differences between business planning 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 planning analyst and a lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $75,822 average annual salary of a business planning analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Business Planning Analyst | Lead Business Analyst | |
| Yearly salary | $75,822 | $107,171 |
| Hourly rate | $36.45 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 146,438 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| 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.
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 planning analysts and lead business analysts have different pay scales, as shown below.
| Business Planning Analyst | Lead Business Analyst | |
| Average salary | $75,822 | $107,171 |
| Salary range | Between $57,000 And $100,000 | Between $82,000 And $139,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Meta | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a business planning analyst and a lead business analyst in terms of educational background:
| Business Planning Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business planning analysts' and lead business analysts' demographics:
| Business Planning Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 55.3% Female, 44.7% |
| 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, 7.4% 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% |