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The differences between strategic business analysts and business development 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 development analyst. Additionally, a strategic business analyst has an average salary of $83,070, which is higher than the $59,867 average annual salary of a business development analyst.
The top three skills for a strategic business analyst include data analysis, tableau and SQL. The most important skills for a business development analyst are business development, market research, and project management.
| Strategic Business Analyst | Business Development Analyst | |
| Yearly salary | $83,070 | $59,867 |
| Hourly rate | $39.94 | $28.78 |
| Growth rate | 11% | 11% |
| Number of jobs | 134,684 | 185,387 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| 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.
A business development analyst's role is to perform research and analysis on the different operations and procedures in a company to ensure efficiency and profit growth. They are also responsible for devising strategies and improvements for optimal performance, monitoring the sales and customer feedback, identifying opportunities from the marketing trends, and building positive relationships with customers. They must also perform clerical tasks such as producing progress reports and presentations, maintaining data, and monitoring schedules. Furthermore, as a business development analyst, it is essential to adhere to the company's policies and regulations, including its vision, mission, and goals.
Strategic business analysts and business development analysts have different pay scales, as shown below.
| Strategic Business Analyst | Business Development Analyst | |
| Average salary | $83,070 | $59,867 |
| Salary range | Between $62,000 And $110,000 | Between $39,000 And $91,000 |
| Highest paying City | New York, NY | Seattle, WA |
| Highest paying state | New York | Washington |
| Best paying company | Texas Instruments | Microsoft |
| Best paying industry | Finance | Technology |
There are a few differences between a strategic business analyst and a business development analyst in terms of educational background:
| Strategic Business Analyst | Business Development Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategic business analysts' and business development analysts' demographics:
| Strategic Business Analyst | Business Development Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 61.1% Female, 38.9% |
| 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, 7.6% Unknown, 4.5% Hispanic or Latino, 8.5% Asian, 14.6% White, 64.7% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |