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The differences between business planning analysts and project 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 project analyst. Additionally, a business planning analyst has an average salary of $75,822, which is higher than the $71,174 average annual salary of a project analyst.
The top three skills for a business planning analyst include project management, HR and financial analysis. The most important skills for a project analyst are project management, data analysis, and customer service.
| Business Planning Analyst | Project Analyst | |
| Yearly salary | $75,822 | $71,174 |
| Hourly rate | $36.45 | $34.22 |
| Growth rate | 11% | 11% |
| Number of jobs | 146,438 | 207,513 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| 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 project analyst is responsible for overseeing the development of new projects upon completion of data gathering. A project analyst must provide plans and design the project to its full potential. For this, it is essential to conduct extensive research and coordinate with all staff and departments involved through regular reports and various forms of communication. Furthermore, a project analyst must devise strategies to improve particular projects for it to succeed and achieve better results, all in adherence to the company policies and regulations.
Business planning analysts and project analysts have different pay scales, as shown below.
| Business Planning Analyst | Project Analyst | |
| Average salary | $75,822 | $71,174 |
| Salary range | Between $57,000 And $100,000 | Between $52,000 And $97,000 |
| Highest paying City | New York, NY | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | Meta | |
| Best paying industry | Finance | Manufacturing |
There are a few differences between a business planning analyst and a project analyst in terms of educational background:
| Business Planning Analyst | Project Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business planning analysts' and project analysts' demographics:
| Business Planning Analyst | Project Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 52.4% Female, 47.6% | Male, 57.7% Female, 42.3% |
| 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, 13.7% White, 64.8% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |