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Revenue analyst hiring summary. Here are some key points about hiring revenue analysts in the United States:
Here's a step-by-step revenue analyst hiring guide:
A revenue analyst is primarily in charge of analyzing a company's revenues and expenditures to help them make better business decisions. Their responsibilities revolve around tracking the company finances, gathering and recording data, producing progress reports, and identifying opportunities to boost sales and profits. There are also instances when a revenue analyst must devise plans to cut costs, recommend budgets, build models, develop revenue forecasts, and comply with the laws and regulations. Furthermore, it is also essential to implement the company's policies and guidelines to the team and every task involved.
Before you post your revenue analyst job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a revenue analyst for hire on a part-time basis or as a contractor.
A revenue analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, revenue analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents revenue analyst salaries for various positions.
| Type of Revenue Analyst | Description | Hourly rate |
|---|---|---|
| Revenue Analyst | Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. | $23-43 |
| Finance Analyst/Accountant | In a company setting, a finance analyst/accountant is in charge of handling and monitoring financial activities, ensuring efficiency and accuracy. Their responsibilities revolve around preparing financial reports, performing audits and risk assessments, and identifying any errors and inconsistencies, resolving them promptly and efficiently... Show more | $22-40 |
| Business & Finance Analyst | 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... Show more | $24-47 |
Including a salary range in your revenue analyst job description helps attract top candidates to the position. A revenue analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a revenue analyst in Mississippi may be lower than in California, and an entry-level revenue analyst usually earns less than a senior-level revenue analyst. Additionally, a revenue analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $89,374 | $43 |
| 2 | Pennsylvania | $81,637 | $39 |
| 3 | New Jersey | $75,857 | $36 |
| 4 | Massachusetts | $74,250 | $36 |
| 5 | New York | $72,474 | $35 |
| 6 | District of Columbia | $71,201 | $34 |
| 7 | Washington | $68,999 | $33 |
| 8 | Nevada | $67,983 | $33 |
| 9 | Arizona | $67,109 | $32 |
| 10 | North Carolina | $65,053 | $31 |
| 11 | Oregon | $63,096 | $30 |
| 12 | Texas | $62,559 | $30 |
| 13 | Tennessee | $60,883 | $29 |
| 14 | Georgia | $60,708 | $29 |
| 15 | Minnesota | $57,303 | $28 |
| 16 | Hawaii | $56,600 | $27 |
| 17 | Florida | $55,313 | $27 |
| 18 | Colorado | $54,914 | $26 |
| 19 | Ohio | $54,676 | $26 |
| 20 | Illinois | $54,407 | $26 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | $117,364 | $56.42 | 36 | |
| 2 | DoorDash | $112,862 | $54.26 | |
| 3 | Apple | $108,557 | $52.19 | 14 |
| 4 | Bed Bath & Beyond | $108,420 | $52.13 | |
| 5 | Chegg | $103,806 | $49.91 | |
| 6 | Cisco | $100,149 | $48.15 | 3 |
| 7 | Western Digital | $98,375 | $47.30 | 3 |
| 8 | Synopsys | $97,412 | $46.83 | |
| 9 | Amazon | $97,287 | $46.77 | 166 |
| 10 | Bloom Energy | $93,507 | $44.96 | 3 |
| 11 | Bain & Company | $92,624 | $44.53 | 9 |
| 12 | Snowflake Computing | $92,052 | $44.26 | 4 |
| 13 | Adobe | $91,351 | $43.92 | 12 |
| 14 | eBay | $91,103 | $43.80 | 4 |
| 15 | Asana | $91,067 | $43.78 | 4 |
| 16 | Oracle | $90,975 | $43.74 | 488 |
| 17 | Bloomberg | $90,097 | $43.32 | 22 |
| 18 | Applied Materials | $89,954 | $43.25 | 32 |
| 19 | Guidewire Software | $88,852 | $42.72 | 2 |
| 20 | VIAVI Solutions | $88,451 | $42.52 |
A revenue analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a revenue analyst job description:
To find the right revenue analyst for your business, consider trying out a few different recruiting strategies:
To successfully recruit revenue analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the revenue analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring revenue analysts. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new revenue analyst employee.
You can expect to pay around $66,985 per year for a revenue analyst, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for revenue analysts in the US typically range between $23 and $43 an hour.