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The differences between functional analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a functional analyst and a contractor-business analyst. Additionally, a functional analyst has an average salary of $96,841, which is higher than the $87,402 average annual salary of a contractor-business analyst.
The top three skills for a functional analyst include business process, lifecycle management and HR. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Functional Analyst | Contractor-Business Analyst | |
| Yearly salary | $96,841 | $87,402 |
| Hourly rate | $46.56 | $42.02 |
| Growth rate | 9% | 9% |
| Number of jobs | 52,085 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
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 contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Functional analysts and contractor-business analysts have different pay scales, as shown below.
| Functional Analyst | Contractor-Business Analyst | |
| Average salary | $96,841 | $87,402 |
| Salary range | Between $71,000 And $131,000 | Between $62,000 And $122,000 |
| Highest paying City | Mountain View, CA | - |
| Highest paying state | New Mexico | - |
| Best paying company | Apple | - |
| Best paying industry | Retail | - |
There are a few differences between a functional analyst and a contractor-business analyst in terms of educational background:
| Functional Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between functional analysts' and contractor-business analysts' demographics:
| Functional Analyst | Contractor-Business Analyst | |
| Average age | 43 | 43 |
| Gender ratio | Male, 55.9% Female, 44.1% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 8% |