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The differences between business process analysts and product 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 process analyst and a product analyst. Additionally, a product analyst has an average salary of $79,316, which is higher than the $78,215 average annual salary of a business process analyst.
The top three skills for a business process analyst include process improvement, project management and subject matter experts. The most important skills for a product analyst are tableau, data analysis, and product management.
| Business Process Analyst | Product Analyst | |
| Yearly salary | $78,215 | $79,316 |
| Hourly rate | $37.60 | $38.13 |
| Growth rate | 11% | 11% |
| Number of jobs | 160,260 | 176,369 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
The business process analysts are responsible for producing, managing, and enhancing business processes to improve business performance using data. They gather, analyze, and transcribe information about internal processes to obtain a comprehensive picture of the company's internal workings. Their responsibilities include developing strategies, identifying the needs of the user, and communicating compound data in a comprehensible way. Also, they identify, implement, and assess business metrics that are essential to the end-users. Additionally, they may act as consultants to project teams providing them with recommendations for product or service improvement.
A product analyst job utilizes data analysis software and notates trends in market research. Primarily, analysts project the costs of product development and marketing. They think of the possibilities for profit and sales and monitor the performance of products on the market to come up with a better product. Their responsibilities include company product evaluation, product understanding, and product rating reviews. Familiarity with Microsoft Office Suite, strong communication skills, and proficiency in database software is necessary for this job.
Business process analysts and product analysts have different pay scales, as shown below.
| Business Process Analyst | Product Analyst | |
| Average salary | $78,215 | $79,316 |
| Salary range | Between $57,000 And $106,000 | Between $56,000 And $111,000 |
| Highest paying City | Washington, DC | Seattle, WA |
| Highest paying state | Rhode Island | Washington |
| Best paying company | Meta | |
| Best paying industry | Manufacturing | Technology |
There are a few differences between a business process analyst and a product analyst in terms of educational background:
| Business Process Analyst | Product Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Georgia |
Here are the differences between business process analysts' and product analysts' demographics:
| Business Process Analyst | Product Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 49.5% Female, 50.5% | Male, 53.2% Female, 46.8% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |