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The differences between strategic business analysts and business 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 a business analyst. Additionally, a strategic business analyst has an average salary of $83,070, which is higher than the $74,431 average annual salary of a business analyst.
The top three skills for a strategic business analyst include data analysis, tableau and SQL. The most important skills for a business analyst are project management, data analysis, and business analysis.
| Strategic Business Analyst | Business Analyst | |
| Yearly salary | $83,070 | $74,431 |
| Hourly rate | $39.94 | $35.78 |
| Growth rate | 11% | 9% |
| Number of jobs | 134,684 | 170,514 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| 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.
Business analysts are employees who are responsible for interpreting business data and coming up with business solutions. They are well-versed in whatever business the company is in, and they have strong business acumen. They collect data related to the business and then interpret and analyze the data. Business analysts should be able to conduct different levels of analyses and must also be able to create a sound study. Once the analysis is done, they provide recommendations or strategic direction to decision-makers that will help the business become sustainable and grow.
Strategic business analysts and business analysts have different pay scales, as shown below.
| Strategic Business Analyst | Business Analyst | |
| Average salary | $83,070 | $74,431 |
| Salary range | Between $62,000 And $110,000 | Between $53,000 And $103,000 |
| Highest paying City | New York, NY | Mountain View, CA |
| Highest paying state | New York | Washington |
| Best paying company | Texas Instruments | The Citadel |
| Best paying industry | Finance | Finance |
There are a few differences between a strategic business analyst and a business analyst in terms of educational background:
| Strategic Business Analyst | Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between strategic business analysts' and business analysts' demographics:
| Strategic Business Analyst | Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 53.9% Female, 46.1% |
| 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, 6.2% Unknown, 4.7% Hispanic or Latino, 8.8% Asian, 12.0% White, 67.7% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 12% | 11% |