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The differences between strategic business analysts and contractor-business analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 2-4 years to become a strategic business analyst, becoming a contractor-business analyst takes usually requires 4-6 years. Additionally, a contractor-business analyst has an average salary of $87,402, which is higher than the $83,070 average annual salary of a strategic business analyst.
The top three skills for a strategic business analyst include data analysis, tableau and SQL. The most important skills for a contractor-business analyst are business process, project management, and data analysis.
| Strategic Business Analyst | Contractor-Business Analyst | |
| Yearly salary | $83,070 | $87,402 |
| Hourly rate | $39.94 | $42.02 |
| Growth rate | 11% | 9% |
| Number of jobs | 134,684 | 147,698 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Average age | 44 | 43 |
| Years of experience | 4 | 6 |
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 contractor-business analyst is responsible for analyzing business processes and strategizing on efficient project management techniques to enhance productivity goals and achieve maximum performance. Contractor-business analysts conduct data and statistical analysis to determine areas of improvement and identify business opportunities that would generate more revenue resources and increase profits. They also review client accounts, measure sales performance, and design solutions by utilizing various software applications and system tools. A contractor-business analyst advises the management of necessary training for the staff to enhance services and close more business partnerships.
Strategic business analysts and contractor-business analysts have different pay scales, as shown below.
| Strategic Business Analyst | Contractor-Business Analyst | |
| Average salary | $83,070 | $87,402 |
| Salary range | Between $62,000 And $110,000 | Between $62,000 And $122,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Texas Instruments | - |
| Best paying industry | Finance | - |
There are a few differences between a strategic business analyst and a contractor-business analyst in terms of educational background:
| Strategic Business Analyst | Contractor-Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 67% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Stanford University |
Here are the differences between strategic business analysts' and contractor-business analysts' demographics:
| Strategic Business Analyst | Contractor-Business Analyst | |
| Average age | 44 | 43 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 50.4% Female, 49.6% |
| 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, 10.6% Unknown, 5.0% Hispanic or Latino, 11.3% Asian, 14.4% White, 58.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 8% |