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Strategic analyst hiring summary. Here are some key points about hiring strategic analysts in the United States:
Here's a step-by-step strategic analyst hiring guide:
Strategy analysts are professionals who lead the consulting sessions of organizations. The analysts do their duties with rate strategy proposals in line with corporate objectives. They manage a business, determine growth areas, and make model analysis for strategy recommendations. It is also their responsibility to utilize data to solve the primary problems of businesses. Also, they provide significant insights to help organizations. They need to develop skills in management, communication, strategic planning, and attention to detail.
First, determine the employments status of the strategic analyst you need to hire. Certain strategic analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A strategic analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, strategic 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.
Here's a comparison of strategic analyst salaries for various roles:
| Type of Strategic Analyst | Description | Hourly rate |
|---|---|---|
| Strategic Analyst | Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price. | $26-53 |
| Analyst Sales | Analyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses... Show more | $22-47 |
| Data Analyst Internship | A data analyst internship involves a trainee who wants to gain working experience in the field of information technology (IT) by assisting data analyst professionals. Data analyst interns should examine information using data analysis tools so that they can help their employers make important decisions by identifying various facts and trends... Show more | $12-27 |
Including a salary range in your strategic analyst job description helps attract top candidates to the position. A strategic 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 strategic analyst in Indiana may be lower than in Washington, and an entry-level strategic analyst usually earns less than a senior-level strategic analyst. Additionally, a strategic 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 | Washington | $110,116 | $53 |
| 2 | California | $106,043 | $51 |
| 3 | Delaware | $96,141 | $46 |
| 4 | New Jersey | $94,988 | $46 |
| 5 | New York | $92,335 | $44 |
| 6 | Virginia | $85,610 | $41 |
| 7 | District of Columbia | $79,714 | $38 |
| 8 | North Carolina | $78,573 | $38 |
| 9 | Ohio | $76,502 | $37 |
| 10 | Tennessee | $76,501 | $37 |
| 11 | Utah | $76,445 | $37 |
| 12 | Colorado | $76,309 | $37 |
| 13 | Texas | $76,278 | $37 |
| 14 | Georgia | $75,911 | $37 |
| 15 | Missouri | $73,757 | $35 |
| 16 | Illinois | $69,606 | $33 |
| 17 | Massachusetts | $69,406 | $33 |
| 18 | Wisconsin | $69,383 | $33 |
| 19 | Arizona | $69,313 | $33 |
| 20 | Florida | $58,234 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Credit Karma | $138,781 | $66.72 | |
| 2 | Ernst & Young | $118,507 | $56.97 | 178 |
| 3 | Dropbox | $115,661 | $55.61 | |
| 4 | Lord Abbett | $114,975 | $55.28 | 7 |
| 5 | Pacific Gas and Electric | $112,053 | $53.87 | |
| 6 | Ross Stores | $111,481 | $53.60 | 28 |
| 7 | MUFG EMEA | $110,450 | $53.10 | |
| 8 | Credit Suisse | $110,004 | $52.89 | |
| 9 | Fastly | $105,584 | $50.76 | 4 |
| 10 | BNP Paribas | $104,843 | $50.41 | 3 |
| 11 | $102,803 | $49.42 | 2 | |
| 12 | Barclays | $100,797 | $48.46 | 6 |
| 13 | JPMorgan Chase & Co. | $99,732 | $47.95 | 114 |
| 14 | Vista Equity Partners | $98,023 | $47.13 | 4 |
| 15 | PJT Partners | $97,950 | $47.09 | 8 |
| 16 | Sprinklr | $96,856 | $46.57 | |
| 17 | Oracle | $94,693 | $45.53 | 492 |
| 18 | AT&T | $93,918 | $45.15 | 6 |
| 19 | Blackstone Group | $92,614 | $44.53 | |
| 20 | Sony Pictures | $92,069 | $44.26 | 7 |
A good strategic analyst job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a strategic analyst job description:
There are a few common ways to find strategic analysts for your business:
Recruiting strategic analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect strategic analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
After that, you can create an onboarding schedule for a new strategic analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.
There are different types of costs for hiring strategic 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 strategic analyst employee.
You can expect to pay around $79,476 per year for a strategic 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 strategic analysts in the US typically range between $26 and $53 an hour.