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The differences between business strategists and business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business strategist, becoming a business analyst takes usually requires 2-4 years. Additionally, a business analyst has an average salary of $74,431, which is higher than the $62,796 average annual salary of a business strategist.
The top three skills for a business strategist include project management, digital marketing and client facing. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Business Strategist | Business Analyst | |
| Yearly salary | $62,796 | $74,431 |
| Hourly rate | $30.19 | $35.78 |
| Growth rate | 10% | 9% |
| Number of jobs | 100,217 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 10 | 4 |
A business strategist is responsible for developing strategic plans that will help improve an organization to reach its goals and targets and improve profitability. You will analyze existing business strategies and practices and provide recommendations for improvements. Other duties include developing product development and marketing strategies, providing direction and motivating staff to complete new projects and implement new tactics, and preparing presentations to clients and corporate investors. As a business strategist, you are also responsible for consulting with management and reviewing staff performance.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Business strategists and business analysts have different pay scales, as shown below.
| Business Strategist | Business Analyst | |
| Average salary | $62,796 | $74,431 |
| Salary range | Between $33,000 And $117,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | Washington | Washington |
| Best paying company | VMware | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a business strategist and a business analyst in terms of educational background:
| Business Strategist | Business Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Stanford University |
Here are the differences between business strategists' and business analysts' demographics:
| Business Strategist | Business Analyst | |
| Average age | 39 | 44 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 11% |