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The differences between functional analysts and business development analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a functional analyst, becoming a business development analyst takes usually requires 2-4 years. Additionally, a functional analyst has an average salary of $96,841, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a functional analyst include business process, lifecycle management and HR. The most important skills for a business development analyst are business development, market research, and project management.
| Functional Analyst | Business Development Analyst | |
| Yearly salary | $96,841 | $59,867 |
| Hourly rate | $46.56 | $28.78 |
| Growth rate | 9% | 11% |
| Number of jobs | 52,085 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Average age | 43 | 44 |
| Years of experience | 6 | 4 |
Functional analysts are professionals specializing in a specific line of business, technology, and industry. They collect information by interviewing managers and employees and studying the company's systems and procedures. They design computer systems that meet business requirements and prepare reports for the managers. Additional duties for this role include installing and configuring new systems, running tests to ensure that specifications are met, and writing user manuals. Functional analysts are also responsible for conducting training on new capabilities to existing end-users.
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Functional analysts and business development analysts have different pay scales, as shown below.
| Functional Analyst | Business Development Analyst | |
| Average salary | $96,841 | $59,867 |
| Salary range | Between $71,000 And $131,000 | Between $39,000 And $91,000 |
| Highest paying City | Mountain View, CA | Seattle, WA |
| Highest paying state | New Mexico | Washington |
| Best paying company | Apple | Microsoft |
| Best paying industry | Retail | Technology |
There are a few differences between a functional analyst and a business development analyst in terms of educational background:
| Functional Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Stanford University | Northwestern University |
Here are the differences between functional analysts' and business development analysts' demographics:
| Functional Analyst | Business Development Analyst | |
| Average age | 43 | 44 |
| Gender ratio | Male, 55.9% Female, 44.1% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 10.0% Unknown, 5.0% Hispanic or Latino, 10.8% Asian, 19.5% White, 54.5% American Indian and Alaska Native, 0.2% | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 12% |