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The differences between lead business analysts and business & finance analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a lead business analyst and a business & finance analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a lead business analyst include project management, scrum and business analysis. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Lead Business Analyst | Business & Finance Analyst | |
| Yearly salary | $107,171 | $70,514 |
| Hourly rate | $51.52 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 126,509 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| Years of experience | 4 | 4 |
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 financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Lead business analysts and business & finance analysts have different pay scales, as shown below.
| Lead Business Analyst | Business & Finance Analyst | |
| Average salary | $107,171 | $70,514 |
| Salary range | Between $82,000 And $139,000 | Between $50,000 And $99,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Washington |
| Best paying company | Citi | |
| Best paying industry | Finance | Finance |
There are a few differences between a lead business analyst and a business & finance analyst in terms of educational background:
| Lead Business Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between lead business analysts' and business & finance analysts' demographics:
| Lead Business Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 55.3% Female, 44.7% | Male, 55.6% Female, 44.4% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |