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The differences between business requirements analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a business requirements analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a contractor-business analyst has an average salary of $87,402, which is higher than the $74,006 average annual salary of a business requirements analyst.
The top three skills for a business requirements analyst include user stories, business analysis and process improvement. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Business Requirements Analyst | Contractor-Business Analyst | |
| Yearly salary | $74,006 | $87,402 |
| Hourly rate | $35.58 | $42.02 |
| Growth rate | 11% | 9% |
| Number of jobs | 164,247 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
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 contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Business requirements analysts and contractor-business analysts have different pay scales, as shown below.
| Business Requirements Analyst | Contractor-Business Analyst | |
| Average salary | $74,006 | $87,402 |
| Salary range | Between $58,000 And $92,000 | Between $62,000 And $122,000 |
| Highest paying City | - | - |
| Highest paying state | New York | - |
| Best paying company | - | - |
| Best paying industry | Finance | - |
There are a few differences between a business requirements analyst and a contractor-business analyst in terms of educational background:
| Business Requirements Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between business requirements analysts' and contractor-business analysts' demographics:
| Business Requirements Analyst | Contractor-Business Analyst | |
| Average age | 44 | 43 |
| Gender ratio | Male, 46.9% Female, 53.1% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 8% |