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The differences between strategic business analysts and business & finance 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 & finance analyst. Additionally, a strategic business analyst has an average salary of $83,070, which is higher than the $70,514 average annual salary of a business & finance analyst.
The top three skills for a strategic business analyst include data analysis, tableau and SQL. The most important skills for a business & finance analyst are financial analysis, business analysis, and shared services.
| Strategic Business Analyst | Business & Finance Analyst | |
| Yearly salary | $83,070 | $70,514 |
| Hourly rate | $39.94 | $33.90 |
| Growth rate | 11% | 9% |
| Number of jobs | 134,684 | 168,111 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 44 | 40 |
| 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 financial business analyst is also referred to as a business analyst who recommends and enforces corporate efficiency and profitability methods. Financial business analysts analyze the business model and finances of an organization. Their findings serve as the source of their suggestions to improve businesses' budgeting, management, and overall operations. They have the ability to predict the outcome of the decisions made by enterprises. The skills necessary for this job include interpersonal skills, management experience, financial reporting, and strong communication skills.
Strategic business analysts and business & finance analysts have different pay scales, as shown below.
| Strategic Business Analyst | Business & Finance Analyst | |
| Average salary | $83,070 | $70,514 |
| Salary range | Between $62,000 And $110,000 | Between $50,000 And $99,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Texas Instruments | |
| Best paying industry | Finance | Finance |
There are a few differences between a strategic business analyst and a business & finance analyst in terms of educational background:
| Strategic Business Analyst | Business & Finance Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | Northwestern University | University of Pennsylvania |
Here are the differences between strategic business analysts' and business & finance analysts' demographics:
| Strategic Business Analyst | Business & Finance Analyst | |
| Average age | 44 | 40 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 55.6% Female, 44.4% |
| 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, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 12% | 7% |