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The differences between compliance analysts and business analysts can be seen in a few details. Each job has different responsibilities and duties. Additionally, a business analyst has an average salary of $74,431, which is higher than the $59,108 average annual salary of a compliance analyst.
The top three skills for a compliance analyst include powerpoint, customer service and risk assessments. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Compliance Analyst | Business Analyst | |
| Yearly salary | $59,108 | $74,431 |
| Hourly rate | $28.42 | $35.78 |
| Growth rate | 6% | 9% |
| Number of jobs | 26,138 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 46 | 44 |
| Years of experience | - | 4 |
A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations. Furthermore, there are instances when a compliance analyst must gather requirements and process them to receive compliance certifications from agencies.
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.
Compliance analysts and business analysts have different pay scales, as shown below.
| Compliance Analyst | Business Analyst | |
| Average salary | $59,108 | $74,431 |
| Salary range | Between $39,000 And $87,000 | Between $53,000 And $103,000 |
| Highest paying City | San Francisco, CA | Mountain View, CA |
| Highest paying state | California | Washington |
| Best paying company | Meta | The Citadel |
| Best paying industry | Technology | Finance |
There are a few differences between a compliance analyst and a business analyst in terms of educational background:
| Compliance Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between compliance analysts' and business analysts' demographics:
| Compliance Analyst | Business Analyst | |
| Average age | 46 | 44 |
| Gender ratio | Male, 43.5% Female, 56.5% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 15.2% Asian, 8.0% White, 60.1% American Indian and Alaska Native, 0.8% | 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 | 12% | 11% |