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The differences between strategic business analysts and 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 strategic business analyst and an analyst. Additionally, a strategic business analyst has an average salary of $83,070, which is higher than the $73,007 average annual salary of an analyst.
The top three skills for a strategic business analyst include data analysis, tableau and SQL. The most important skills for an analyst are customer service, troubleshoot, and data analysis.
| Strategic Business Analyst | Analyst | |
| Yearly salary | $83,070 | $73,007 |
| Hourly rate | $39.94 | $35.10 |
| Growth rate | 11% | 11% |
| Number of jobs | 134,684 | 253,138 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A strategic business analyst is responsible for developing business solutions to enhance the staff's productivity and efficiency to perform business operations. Strategic business analysts review the current project management procedures of an organization and conduct data and statistical analysis to recommend techniques that would minimize costing and downtimes. They also coordinate with the sales and marketing team to evaluate marketing efforts and campaigns that would increase sales performance and generate resources that would grow more revenues and profits.
Analysts are employees or individual contributors with a vast experience in a particular field that help the organization address challenges. They help the organization improve processes, policies, and other operations protocol by studying the current processes in place and determining the effectiveness of those processes. They also research industry trends and data to make sound inferences and recommendations on what the company should do to improve their numbers. Analysts recommend business solutions and often help the organization roll out these solutions. They ensure that the proposed action plans are effective and produce the desired results.
Strategic business analysts and analysts have different pay scales, as shown below.
| Strategic Business Analyst | Analyst | |
| Average salary | $83,070 | $73,007 |
| Salary range | Between $62,000 And $110,000 | Between $53,000 And $99,000 |
| Highest paying City | New York, NY | Jersey City, NJ |
| Highest paying state | New York | New Jersey |
| Best paying company | Texas Instruments | The Citadel |
| Best paying industry | Finance | Technology |
There are a few differences between a strategic business analyst and an analyst in terms of educational background:
| Strategic Business Analyst | Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategic business analysts' and analysts' demographics:
| Strategic Business Analyst | Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 52.4% Female, 47.6% |
| Race ratio | Black or African American, 7.4% Unknown, 4.4% Hispanic or Latino, 8.5% 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, 8.5% Asian, 14.3% White, 65.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |