What is a Strategic Business Analyst

Most of the time, businesses are all about expanding. The most common principle is that the bigger the business is, the better. As such, companies ensure that they know when to move. This means that they assess the best time to work on their expansion initiatives or to stay in place. They use market trends and current events as references for these moves. In addition to that, they also employ strategic business analysts.

Strategic Business Analysts are important assets to the company. They provide in-depth analysis of market trends and current events to provide sound recommendations on the company's strategies. These recommendations should be supported by evidence and supporting figures. Strategic business analysts should have strong business acumen and a strategic mindset to succeed.

If you wish to be in this career, you need to have strong negotiation skills. You need to be able to convince the management team that your recommendations are strategically sound. You should also have enough credibility and a stellar track record.

There is more than meets the eye when it comes to being a Strategic Business Analyst. For example, did you know that they make an average of $35.3 an hour? That's $73,427 a year!

Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.

What Does a Strategic Business Analyst Do

There are certain skills that many Strategic 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 Detail oriented, Analytical skills and Communication skills.

Learn more about what a Strategic Business Analyst does

How To Become a Strategic Business Analyst

If you're interested in becoming a Strategic Business Analyst, one of the first things to consider is how much education you need. We've determined that 74.5% of Strategic Business Analysts have a bachelor's degree. In terms of higher education levels, we found that 19.4% of Strategic Business Analysts have master's degrees. Even though most Strategic Business Analysts have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Strategic Business Analyst. When we researched the most common majors for a Strategic Business Analyst, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Strategic Business Analyst resumes include Associate Degree degrees or Doctoral Degree degrees.

You may find that experience in other jobs will help you become a Strategic Business Analyst. In fact, many Strategic Business Analyst jobs require experience in a role such as Business Analyst. Meanwhile, many Strategic Business Analysts also have previous career experience in roles such as Senior Business Analyst or Project Manager.

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Average Salary
$73,427
Average Salary
Job Growth Rate
14%
Job Growth Rate
Job Openings
154,005
Job Openings
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Strategic Business Analyst Career Paths

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Average Salary for a Strategic Business Analyst

Strategic Business Analysts in America make an average salary of $73,427 per year or $35 per hour. The top 10 percent makes over $103,000 per year, while the bottom 10 percent under $52,000 per year.
Average Salary
$73,427
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Strategic Business Analyst Demographics

Strategic Business Analyst Gender Statistics

male

55.4 %

female

39.1 %

unknown

5.5 %

Strategic Business Analyst Ethnicity Statistics

White

68.5 %

Asian

13.9 %

Hispanic or Latino

7.9 %

Strategic Business Analyst Foreign Languages Spoken Statistics

Spanish

30.8 %

Chinese

15.4 %

Portuguese

7.7 %
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Strategic Business Analyst Education

Strategic Business Analyst Majors

30.3 %
10.1 %

Strategic Business Analyst Degrees

Bachelors

74.5 %

Masters

19.4 %

Associate

4.7 %

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High School / GED
Associate
Bachelor's
Master's
Doctorate

Top Colleges for Strategic Business Analysts

1. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

4. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

5. George Washington University, The

Washington, DC • Private

In-State Tuition
$55,230
Enrollment
12,161

6. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

7. Lehigh University

Bethlehem, PA • Private

In-State Tuition
$52,930
Enrollment
5,030

8. Harvard University

Cambridge, MA • Private

In-State Tuition
$50,420
Enrollment
7,582

9. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

10. Ball State University

Muncie, IN • Private

In-State Tuition
$9,896
Enrollment
15,529
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Online Courses For Strategic Business Analyst That You May Like

Business Analysis Fundamentals
udemy
4.5
(33,518)

Set yourself up for success, learn the key business analysis concepts to thrive in your Business Analyst career...

Business Analysis Demonstrated
udemy
4.5
(380)

A complete experience for a Business Analyst during the life of a project...

Business Analysis: Developing Irresistible Business Cases
udemy
4.5
(973)

Building the business acumen you need to promote your projects to management...

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Top Skills For a Strategic Business Analyst

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, 31.8% of Strategic Business Analysts listed New Processes on their resume, but soft skills such as Detail oriented and Analytical skills are important as well.

12 Strategic Business Analyst RESUME EXAMPLES

Best States For a Strategic Business Analyst

Some places are better than others when it comes to starting a career as a Strategic Business Analyst. The best states for people in this position are New York, Connecticut, Washington, and New Jersey. Strategic Business Analysts make the most in New York with an average salary of $93,216. Whereas in Connecticut and Washington, they would average $93,092 and $91,314, respectively. While Strategic Business Analysts would only make an average of $87,820 in New Jersey, 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. District of Columbia

Total Strategic Business Analyst Jobs:
931
Highest 10% Earn:
$150,000
Location Quotient:
3.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New York

Total Strategic Business Analyst Jobs:
2,665
Highest 10% Earn:
$141,000
Location Quotient:
1.2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Virginia

Total Strategic Business Analyst Jobs:
2,356
Highest 10% Earn:
$121,000
Location Quotient:
1.45
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Strategic Business Analysts

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