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The differences between strategic business analysts and lead 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 lead business analyst. Additionally, a lead business analyst has an average salary of $107,171, 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 lead business analyst are project management, scrum, and business analysis.
| Strategic Business Analyst | Lead Business Analyst | |
| Yearly salary | $83,070 | $107,171 |
| Hourly rate | $39.94 | $51.52 |
| Growth rate | 11% | 11% |
| Number of jobs | 134,684 | 126,509 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| 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 lead business analyst utilizes data and analytical skills to plan, develop, and implement business systems and operations to help a company attain its short and long-term goals. Their duties focus on conducting market research and assessments, gathering and analyzing data, studying consumers and competitors in the industry, and identifying the strengths and weaknesses in existing systems. They also conduct risk assessments, create business models and forecasts, and identify solutions against potential or existing issues. Additionally, through their research findings, they develop recommendations in adherence to company standards and regulations.
Strategic business analysts and lead business analysts have different pay scales, as shown below.
| Strategic Business Analyst | Lead Business Analyst | |
| Average salary | $83,070 | $107,171 |
| Salary range | Between $62,000 And $110,000 | Between $82,000 And $139,000 |
| Highest paying City | New York, NY | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Texas Instruments | Citi |
| Best paying industry | Finance | Finance |
There are a few differences between a strategic business analyst and a lead business analyst in terms of educational background:
| Strategic Business Analyst | Lead Business Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Northwestern University | Northwestern University |
Here are the differences between strategic business analysts' and lead business analysts' demographics:
| Strategic Business Analyst | Lead Business Analyst | |
| Average age | 44 | 44 |
| Gender ratio | Male, 58.3% Female, 41.7% | Male, 55.3% Female, 44.7% |
| 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, 8.4% Asian, 14.2% White, 65.4% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 12% | 12% |