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The differences between senior analysts and lead 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 senior analyst and a lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, which is higher than the $84,799 average annual salary of a senior analyst.
The top three skills for a senior analyst include analytics, data analysis and tableau. The most important skills for a lead business analyst are project management, scrum, and business analysis.
| Senior Analyst | Lead Business Analyst | |
| Yearly salary | $84,799 | $107,171 |
| Hourly rate | $40.77 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 159,807 | 126,509 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A senior analyst's responsibilities will vary in every organization or industry. However, their primary role is to gain an understanding of a company's strengths and weaknesses. Through this, they can devise strategies and determine new opportunities that would be significant in attaining financial gains and a more substantial client base. Furthermore, it is a senior analyst's responsibility to coordinate with various departments, and even clients, to establish a rapport that will be essential in gaining the needed information to catapult a company to its finest.
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.
Senior analysts and lead business analysts have different pay scales, as shown below.
| Senior Analyst | Lead Business Analyst | |
| Average salary | $84,799 | $107,171 |
| Salary range | Between $63,000 And $112,000 | Between $82,000 And $139,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | New Jersey | Washington |
| Best paying company | The Citadel | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a senior analyst and a lead business analyst in terms of educational background:
| Senior Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between senior analysts' and lead business analysts' demographics:
| Senior Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 61.8% Female, 38.2% | Male, 55.3% Female, 44.7% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.4% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 12% | 12% |