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Technical business analyst hiring summary. Here are some key points about hiring technical business analysts in the United States:
Here's a step-by-step technical business analyst hiring guide:
As a technical business analyst, one oversees the technical business project and solution implementation. Technical business analysts work with the technical team members and stakeholders for the mapping, analysis, and documentation of business projects and processes. People in the business world consider them as market technicians, chartists, securities traders, or researchers. The job also involves the documentation of redesigned computer systems and applications. Skills in computer programming, leadership, communication, and management are necessary.
First, determine the employments status of the technical business analyst you need to hire. Certain technical business analyst roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
You should also consider the ideal background you'd like them a technical business analyst to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a technical business analyst that fits the bill.
The following list breaks down different types of technical business analysts and their corresponding salaries.
| Type of Technical Business Analyst | Description | Hourly rate |
|---|---|---|
| Technical Business Analyst | Management analysts, often called management consultants, propose ways to improve the efficiency of an organization. They advise managers on how to make organizations more profitable through reduced costs and increased revenues. | $29-50 |
| Business Analyst/Quality Analyst | A business analyst/quality analyst is responsible for evaluating business outputs and operational processes to ensure that everything adheres to the quality standards and business regulations. Business analysts/quality analysts support senior management in determining solutions to improve the company's services and provide the highest satisfaction for the customers and clients... Show more | $27-46 |
| Business Analyst/Project Manager | A business analyst/project manager is responsible for developing project management procedures, analyzing processes, and ensuring the accuracy and efficiency of project deliverables, following clients' specifications and requirements to meet their highest satisfaction. Business analysts/project managers manage project resources, delegate tasks to project staff, setting deadlines, and coordinating with the clients for regular updates and suggest strategic adjustments as needed... Show more | $34-65 |
Including a salary range in your technical business analyst job description helps attract top candidates to the position. A technical business analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a technical business analyst in Kansas may be lower than in New Jersey, and an entry-level technical business analyst usually earns less than a senior-level technical business analyst. Additionally, a technical business analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | District of Columbia | $98,718 | $47 |
| 2 | New Jersey | $95,740 | $46 |
| 3 | Washington | $95,218 | $46 |
| 4 | Massachusetts | $92,535 | $44 |
| 5 | New York | $90,465 | $43 |
| 6 | California | $89,433 | $43 |
| 7 | Connecticut | $87,101 | $42 |
| 8 | Colorado | $84,746 | $41 |
| 9 | Virginia | $84,352 | $41 |
| 10 | North Carolina | $84,207 | $40 |
| 11 | Illinois | $82,535 | $40 |
| 12 | Texas | $81,842 | $39 |
| 13 | Minnesota | $80,791 | $39 |
| 14 | Michigan | $79,946 | $38 |
| 15 | Wisconsin | $79,602 | $38 |
| 16 | Arizona | $79,035 | $38 |
| 17 | Ohio | $78,716 | $38 |
| 18 | Missouri | $77,443 | $37 |
| 19 | Georgia | $77,281 | $37 |
| 20 | Pennsylvania | $76,566 | $37 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $130,349 | $62.67 | 191 |
| 2 | Apple | $127,160 | $61.13 | 41 |
| 3 | $126,001 | $60.58 | 151 | |
| 4 | NVIDIA | $121,737 | $58.53 | 47 |
| 5 | Intuitive Surgical | $120,524 | $57.94 | 9 |
| 6 | Venable | $120,070 | $57.73 | |
| 7 | Pacific Gas and Electric | $117,712 | $56.59 | |
| 8 | Bed Bath & Beyond | $114,837 | $55.21 | |
| 9 | Barclays | $114,430 | $55.01 | 1 |
| 10 | Sumitomo Mitsui Financial Group | $113,961 | $54.79 | 2 |
| 11 | ConocoPhillips | $113,433 | $54.54 | |
| 12 | Phillips 66 | $113,341 | $54.49 | 2 |
| 13 | ResMed | $112,674 | $54.17 | 8 |
| 14 | Two Sigma | $112,190 | $53.94 | |
| 15 | MUFG EMEA | $111,846 | $53.77 | |
| 16 | Pure Storage | $110,999 | $53.36 | 19 |
| 17 | Square | $110,839 | $53.29 | |
| 18 | Novartis | $110,544 | $53.15 | 5 |
| 19 | Rivian | $109,991 | $52.88 | 9 |
| 20 | BMO Capital Markets | $109,967 | $52.87 | 9 |
A technical business analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a technical business analyst job description:
To find the right technical business analyst for your business, consider trying out a few different recruiting strategies:
Recruiting technical business analysts requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect technical business analyst candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
To prepare for the new technical business analyst first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
Hiring a technical business analyst comes with both the one-time cost per hire and ongoing costs. The cost of recruiting technical business analysts involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of technical business analyst recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for technical business analysts is $81,757 in the US. However, the cost of technical business analyst hiring can vary a lot depending on location. Additionally, hiring a technical business analyst for contract work or on a per-project basis typically costs between $29 and $50 an hour.