Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between performance analysts and business 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 performance analyst and a business analyst. Additionally, a performance analyst has an average salary of $76,906, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a performance analyst include data analysis, powerpoint and visualization. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Performance Analyst | Business Analyst | |
| Yearly salary | $76,906 | $74,431 |
| Hourly rate | $36.97 | $35.78 |
| Growth rate | 11% | 9% |
| Number of jobs | 70,065 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
The duties of a performance analyst depend on one's place or industry employment. Typically, it is their responsibility to evaluate the performance of different systems within a company and review its financial history and activities. They must conduct extensive research and analysis, report findings, and provide advice on improving areas of concern. They may also assess the performances of employees and recommend additional forms of training if necessary. Furthermore, it is essential to adhere to all the policies and regulations of the company.
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.
Performance analysts and business analysts have different pay scales, as shown below.
| Performance Analyst | Business Analyst | |
| Average salary | $76,906 | $74,431 |
| Salary range | Between $57,000 And $102,000 | Between $53,000 And $103,000 |
| Highest paying City | Seattle, WA | Mountain View, CA |
| Highest paying state | Maryland | Washington |
| Best paying company | Meta | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a performance analyst and a business analyst in terms of educational background:
| Performance Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between performance analysts' and business analysts' demographics:
| Performance Analyst | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 59.9% Female, 40.1% | Male, 53.9% Female, 46.1% |
| Race ratio | Black or African American, 7.6% Unknown, 4.5% Hispanic or Latino, 8.6% Asian, 14.7% White, 64.5% American Indian and Alaska Native, 0.2% | 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% |