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The differences between business planning analysts and planning 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 planning analyst. Additionally, a business planning analyst has an average salary of $75,822, which is higher than the $68,137 average annual salary of a planning analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a planning analyst are project management, customer service, and data analysis.
| Business Planning Analyst | Planning Analyst | |
| Yearly salary | $75,822 | $68,137 |
| Hourly rate | $36.45 | $32.76 |
| Growth rate | 11% | 11% |
| Number of jobs | 146,438 | 92,380 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| 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.
As a planning analyst, you will be responsible for designing and implementing a company's business and marketing strategies with the goal of driving profits and reducing costs. You will propose measures to enhance an organization's overall efficiency, and guide managers on ways to strengthen profit margins through risk awareness reduced costs, and increased revenues. Other duties include conducting risk analyses to identify areas of potential failure, maintaining the business continuity program, and handling internal and external corporate communications with the investment community and industry analysts.
Business planning analysts and planning analysts have different pay scales, as shown below.
| Business Planning Analyst | Planning Analyst | |
| Average salary | $75,822 | $68,137 |
| Salary range | Between $57,000 And $100,000 | Between $49,000 And $93,000 |
| Highest paying City | New York, NY | Washington, DC |
| Highest paying state | New York | Rhode Island |
| Best paying company | Meta | Meta |
| Best paying industry | Finance | Automotive |
There are a few differences between a business planning analyst and a planning analyst in terms of educational background:
| Business Planning Analyst | Planning Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business planning analysts' and planning analysts' demographics:
| Business Planning Analyst | Planning Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 53.4% Female, 46.6% |
| 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, 8.0% Unknown, 4.5% Hispanic or Latino, 8.9% Asian, 12.6% White, 65.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |