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The differences between business strategists and business analyst-product owners 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-product owner takes usually requires 4-6 years. Additionally, a business analyst-product owner has an average salary of $100,087, 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-product owner are user stories, acceptance criteria, and jira.
| Business Strategist | Business Analyst-Product Owner | |
| Yearly salary | $62,796 | $100,087 |
| Hourly rate | $30.19 | $48.12 |
| Growth rate | 10% | 9% |
| Number of jobs | 100,217 | 175,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 61% |
| Average age | 39 | 43 |
| Years of experience | 10 | 6 |
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.
A business analyst-product owner is responsible for monitoring the product management procedures, ensuring that the services accurately reach the target audience on a wide range of platforms. Business analysts-product owners utilize their business expertise, discussing the product's conceptualization to final deliverables. They conduct multiple quality control processes, comply with internal guidelines and state regulations, and adhere to the budget limitations and deadlines. A business analyst-product owner coordinates with the clients and stakeholders to discuss product plans and their impact on the financial stability of the organization.
Business strategists and business analyst-product owners have different pay scales, as shown below.
| Business Strategist | Business Analyst-Product Owner | |
| Average salary | $62,796 | $100,087 |
| Salary range | Between $33,000 And $117,000 | Between $73,000 And $136,000 |
| Highest paying City | San Francisco, CA | Redwood City, CA |
| Highest paying state | Washington | Oregon |
| Best paying company | VMware | JPMorgan Chase & Co. |
| Best paying industry | - | Professional |
There are a few differences between a business strategist and a business analyst-product owner in terms of educational background:
| Business Strategist | Business Analyst-Product Owner | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | University of Georgia | Stanford University |
Here are the differences between business strategists' and business analyst-product owners' demographics:
| Business Strategist | Business Analyst-Product Owner | |
| Average age | 39 | 43 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 61.1% Female, 38.9% |
| 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, 9.5% Unknown, 5.0% Hispanic or Latino, 10.7% Asian, 20.5% White, 54.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 8% |