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The differences between business requirements analysts and business development 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 requirements analyst and a business development analyst. Additionally, a business requirements analyst has an average salary of $74,006, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a business requirements analyst include user stories, business analysis and process improvement. The most important skills for a business development analyst are business development, market research, and project management.
| Business Requirements Analyst | Business Development Analyst | |
| Yearly salary | $74,006 | $59,867 |
| Hourly rate | $35.58 | $28.78 |
| Growth rate | 11% | 11% |
| Number of jobs | 164,247 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 74% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A business requirements analyst's job is to check if the business plan is doable, gather data, and document information needed to make the project come to reality. Some skills that are needed to become efficient in business analysis such as analytical thinking, knowledge in business structure, and interpersonal skills. Every business analyst has varying backgrounds and abilities. Therefore, choosing a project that is in line with a person's field of expertise is important to get good results. Their expert abilities vary widely from anywhere like construction, electronics, banking, and several others.
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Business requirements analysts and business development analysts have different pay scales, as shown below.
| Business Requirements Analyst | Business Development Analyst | |
| Average salary | $74,006 | $59,867 |
| Salary range | Between $58,000 And $92,000 | Between $39,000 And $91,000 |
| Highest paying City | - | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | - | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a business requirements analyst and a business development analyst in terms of educational background:
| Business Requirements Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business requirements analysts' and business development analysts' demographics:
| Business Requirements Analyst | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.9% Female, 53.1% | Male, 61.1% Female, 38.9% |
| Race ratio | 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% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |