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The differences between business requirements analysts and lead business 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 lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, 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 lead business analyst are project management, scrum, and business analysis.
| Business Requirements Analyst | Lead Business Analyst | |
| Yearly salary | $74,006 | $107,171 |
| Hourly rate | $35.58 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 164,247 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| 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 lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
Business requirements analysts and lead business analysts have different pay scales, as shown below.
| Business Requirements Analyst | Lead Business Analyst | |
| Average salary | $74,006 | $107,171 |
| Salary range | Between $58,000 And $92,000 | Between $82,000 And $139,000 |
| Highest paying City | - | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | - | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a business requirements analyst and a lead business analyst in terms of educational background:
| Business Requirements Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 62% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between business requirements analysts' and lead business analysts' demographics:
| Business Requirements Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 46.9% Female, 53.1% | Male, 55.3% Female, 44.7% |
| 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, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |