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The differences between senior functional analysts and business analyst-product owners can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a senior functional analyst and a business analyst-product owner. Additionally, a senior functional analyst has an average salary of $110,131, which is higher than the $100,087 average annual salary of a business analyst-product owner.
The top three skills for a senior functional analyst include business process, architecture and functional specifications. The most important skills for a business analyst-product owner are user stories, acceptance criteria, and jira.
| Senior Functional Analyst | Business Analyst-Product Owner | |
| Yearly salary | $110,131 | $100,087 |
| Hourly rate | $52.95 | $48.12 |
| Growth rate | 9% | 9% |
| Number of jobs | 88,107 | 175,034 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 61% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
The senior functional analyst develops systems that the company or business will use. This position is responsible for continually monitoring existing systems in the company, interviewing people using the system, and determining problematic areas. Through the senior functional analyst, the company improves its services and ensures efficiency and productivity. The senior functional analyst works with other employees in the analysis department and creates better collating information and feedback methods for better assessments and evaluations.
A business analyst-product owner is responsible for monitoring the product management procedures, ensuring that the services accurately reach the target audience on a wide range of platforms. Business analysts-product owners utilize their business expertise, discussing the product's conceptualization to final deliverables. They conduct multiple quality control processes, comply with internal guidelines and state regulations, and adhere to the budget limitations and deadlines. A business analyst-product owner coordinates with the clients and stakeholders to discuss product plans and their impact on the financial stability of the organization.
Senior functional analysts and business analyst-product owners have different pay scales, as shown below.
| Senior Functional Analyst | Business Analyst-Product Owner | |
| Average salary | $110,131 | $100,087 |
| Salary range | Between $77,000 And $157,000 | Between $73,000 And $136,000 |
| Highest paying City | Menlo Park, CA | Redwood City, CA |
| Highest paying state | California | Oregon |
| Best paying company | Levi Strauss & Co. | JPMorgan Chase & Co. |
| Best paying industry | - | Professional |
There are a few differences between a senior functional analyst and a business analyst-product owner in terms of educational background:
| Senior Functional Analyst | Business Analyst-Product Owner | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between senior functional analysts' and business analyst-product owners' demographics:
| Senior Functional Analyst | Business Analyst-Product Owner | |
| Average age | 43 | 43 |
| Gender ratio | Male, 62.2% Female, 37.8% | Male, 61.1% Female, 38.9% |
| Race ratio | Black or African American, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.4% American Indian and Alaska Native, 0.2% | Black or African American, 9.5% Unknown, 5.0% Hispanic or Latino, 10.7% Asian, 20.5% White, 54.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 8% | 8% |