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The differences between lead business analysts and business analyst-product owners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a lead business analyst, becoming a business analyst-product owner takes usually requires 4-6 years. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $100,087 average annual salary of a business analyst-product owner.
The top three skills for a lead business analyst include project management, scrum and business analysis. The most important skills for a business analyst-product owner are user stories, acceptance criteria, and jira.
| Lead Business Analyst | Business Analyst-Product Owner | |
| Yearly salary | $107,171 | $100,087 |
| Hourly rate | $51.52 | $48.12 |
| Growth rate | 11% | 9% |
| Number of jobs | 126,509 | 175,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 61% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
A lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
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.
Lead business analysts and business analyst-product owners have different pay scales, as shown below.
| Lead Business Analyst | Business Analyst-Product Owner | |
| Average salary | $107,171 | $100,087 |
| Salary range | Between $82,000 And $139,000 | Between $73,000 And $136,000 |
| Highest paying City | San Francisco, CA | Redwood City, CA |
| Highest paying state | Washington | Oregon |
| Best paying company | Citi | JPMorgan Chase & Co. |
| Best paying industry | Finance | Professional |
There are a few differences between a lead business analyst and a business analyst-product owner in terms of educational background:
| Lead Business Analyst | Business Analyst-Product Owner | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between lead business analysts' and business analyst-product owners' demographics:
| Lead Business Analyst | Business Analyst-Product Owner | |
| Average age | 44 | 43 |
| Gender ratio | Male, 55.3% Female, 44.7% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.2% White, 65.4% 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 | 12% | 8% |