1. Stanford University
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
A senior business analyst is a busy person. That's not necessarily a bad thing either. We'd rather be busy than watching the time tick away. From improving business processes to accessing any risks the company is taking, you'll have plenty on your plate to get you through the day.
You probably already know that being a senior associate is not for a newbie in the career field. That means you'll have some experience under your belt. From some leadership experience to just some experience as a business analyst, your employer will be looking for a little bit of both.
Senior business analysts are highly needed in almost every industry. So you'll have no problem finding a job, we're sure of it.
There are certain skills that many senior business analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, problem-solving skills and time-management skills.
If you're interested in becoming a senior business analyst, one of the first things to consider is how much education you need. We've determined that 68.4% of senior business analysts have a bachelor's degree. In terms of higher education levels, we found that 22.6% of senior business analysts have master's degrees. Even though most senior business analysts have a college degree, it's impossible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of project manager you might progress to a role such as senior project manager eventually. Later on in your career, you could end up with the title director project management office.
What Am I Worth?
The role of a senior business analyst includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general senior business analyst responsibilities:
There are several types of senior business analyst, including:
As a business analyst, your job is to study the market and analyze the product lines and profitability of a business. You can then take that knowledge and help a business identify certain problems and come up with solutions.
Business analysts are important for the future of many businesses, they help with budgeting and predicting the market. Plus, they're helpful in identifying problems that business owners didn't even know existed.
In order to help businesses have brighter futures, you're going to need a bachelor's degree and probably some real world experience as well - let's say maybe 5 years. Basically, you've got to know what you're doing to become a business analyst.
A technical business analyst is chiefly responsible for overseeing technical business projects and the implementation of various solutions across business processes. They are also often referred to as a market technician, security trader, chartist, or researcher, depending on their employer or industry of employment.
Aside from these main duties, a technical business analyst is also typically responsible for documenting, mapping, and analyzing business projects. To get to know this job more, specific examples of a technical business analyst's tasks include leading team members on Java technologies, spearheading the migration of payroll systems, and generating SSRS reports on a periodic schedule.
For this job, a four-year degree in a business-related field is often a must. The same goes for work experience, as the duties of a technical business analyst require both theoretical and practical business knowledge that can only be acquired through real-life work.
In terms of compensation, the average salary of a technical business analyst averages around $75,000 per year. Some technical business analysts, especially those working in top-paying states, can even earn as much as $97,000 or more.
Business Analyst-Consultant is the one who meets with the clients to help them document and understand business needs. These needs can be anything, from an IT-based project to initiating the improvement of a process. It is not a typical 9-5 job; instead, you will be meeting with clients on some hourly rate, on average, $37.24 for one hour. The hourly rate is usually set according to the negotiated contract between the company and your consulting firm. You are looking at a job that is expected to grow by 14% by 2028.
Training staff, analyzing client requirements, business processes, and monitoring all resource requirements all fall in your list of responsibilities. You will be meeting with clients in different places and viewing every business operation firsthand. It is crucial to understand what exactly are the client's concerns and what they expect from the company.
As a Business Analyst-Consultant, you should have a comprehensive set of skills such as analytical, communication skills, and a touch of art and creativity to meet your responsibilities. It is so because you have to analyze various things that are listed as your obligations. In general, business analyst consultants hold a bachelor's degree in business administration. But you can still have a career as a business analyst consultant having only a high school degree.
Mouse over a state to see the number of active senior business analyst jobs in each state. The darker areas on the map show where senior business analysts earn the highest salaries across all 50 states.
Stanford, CA • Private
In-State Tuition
$51,354
Enrollment
7,083
Philadelphia, PA • Private
In-State Tuition
$55,584
Enrollment
10,764
Evanston, IL • Private
In-State Tuition
$54,568
Enrollment
8,451
Castine, ME • Private
In-State Tuition
$13,478
Enrollment
979
Los Angeles, CA • Private
In-State Tuition
$56,225
Enrollment
19,548
Bakersfield, CA • Private
In-State Tuition
$7,309
Enrollment
9,142
Vestal, NY • Private
In-State Tuition
$9,808
Enrollment
13,990
Villanova, PA • Private
In-State Tuition
$53,308
Enrollment
6,819
San Diego, CA • Private
In-State Tuition
$7,488
Enrollment
30,018
Waltham, MA • Private
In-State Tuition
$49,880
Enrollment
4,177
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 5.7% of senior business analysts listed project management on their resume, but soft skills such as interpersonal skills and problem-solving skills are important as well.
Zippia allows you to choose from different easy-to-use Senior Business Analyst templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Business Analyst resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
1. Business Analyst: Project Management Techniques and Tools
Learn project management techniques to increase your project success rate as a Business Analyst!...
2. Business Analysis Masterclass
We don't teach. We job Train!...
3. Business Process Modelling with UML Activity Diagrams & BPMN
Become an expert in Modelling Business Processes with Business Analysis Techniques and UML Activity Diagrams & BPMN...
Some places are better than others when it comes to starting a career as a senior business analyst. The best states for people in this position are California, Washington, New Jersey, and New York. Senior business analysts make the most in California with an average salary of $114,680. Whereas in Washington and New Jersey, they would average $104,659 and $101,927, respectively. While senior business analysts would only make an average of $100,416 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Nevada
$92,379
Avg. Salary
2. California
$114,680
Avg. Salary
3. Washington
$104,659
Avg. Salary
Challenges, problem-solving,communicating with differnet individuals
some daily monotonous aspects of job.
Sitting in between business and data. Helped leadership to build strategy.
Distance from technology
Have chances to work in strategic planning in different business domain
Overload sometimes
We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ senior business analysts and discovered their number of senior business analyst opportunities and average salary. Through our research, we concluded that Capital One was the best, especially with an average salary of $88,986. Cognizant follows up with an average salary of $77,754, and then comes Accenture with an average of $89,208. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a senior business analyst. The employers include BNY Mellon, CBRE Group, and Cigna
Rank | Company | Average Salary | Hourly Rate | Job Openings |
---|---|---|---|---|
1 | Citi | $136,773 | $65.76 | 467 |
2 | JPMorgan Chase & Co. | $123,010 | $59.14 | 359 |
3 | AIG | $114,572 | $55.08 | 186 |
4 | AT&T | $110,581 | $53.16 | 164 |
5 | CBRE Group | $106,862 | $51.38 | 223 |
6 | Fannie Mae Northeastern Region | $102,438 | $49.25 | 170 |
7 | Target | $100,888 | $48.50 | 250 |
8 | Mu Sigma | $99,645 | $47.91 | 155 |
9 | Bank of America | $94,152 | $45.27 | 392 |
10 | Wells Fargo | $92,880 | $44.65 | 294 |
It takes five to seven years to become a senior analyst. Depending on the company and your educational level, the time it takes to become a senior analyst can be ten to 12 years.
The minimum educational requirement for a senior analyst is typically a bachelor's degree. Around 68% of senior analysts have a bachelor's degree, and 23% have a master's degree. Interestingly, approximately 6% of senior analysts have just an associate's degree.
A senior business analyst makes $104,319 a year. However, this can range from as low as $74,000 a year to as high as $150,000 a year. Factors such as the location of the job, company size, and some years of experience can all impact earning potential.
A business architect comes after a senior business analyst. However, that's not the only path forward. There are other advances that senior business analysts can make.
A senior business analyst may become a technology architect or an enterprise architect, then advance to senior leadership positions in those roles. In other cases, senior business analysts go on to become chief technology officers (CTO). Different paths of advancement could be management consultant, product owner, or systems analyst.
The qualifications needed to become a business analyst include a college degree and some work experience. It's not impossible to be a business analyst without a college degree, but it requires many years of work experience.