Solutions Review explores the state of business analytics salary in the United States, along with a link to the most popular e-learning training.
Business analytics is a field that focuses on using data to drive business decisions and strategies. It encompasses a wide range of skills and roles, from data analysts to business intelligence developers to data engineers. In the United States, business analytics salaries are expected to remain highly competitive in 2023, as organizations continue to recognize the value of data-driven decision-making.
According to a report by Glassdoor, the national average salary for a business analyst in the United States is $77,191 per year. However, salaries can vary significantly based on several factors such as location, industry, and education. For example, business analysts working in major cities like San Francisco and New York City can expect higher salaries, with an average salary of $89,707 and $87,722, respectively.
Business Analytics Salary Expectations
Industry is another critical factor that influences business analytics salaries in the United States. The technology industry is currently the industry with the highest demand for business analytics, and professionals in this industry can expect an average salary of $85,963 per year. Other industries with high-paying business analytics roles include finance, healthcare, and e-commerce.
Experience level is also a critical consideration when it comes to business analytics salaries in the United States. Entry-level business analysts with less than one year of experience can expect an average salary of $62,000 per year, while those with 1-3 years of experience can expect an average salary of $70,000 per year. Mid-level business analysts with 4-6 years of experience can expect an average salary of $85,000 per year, while senior business analysts with 7+ years of experience can expect an average salary of $100,000 per year.
Education is also an important factor that influences business analytics salaries in the United States. While a bachelor’s degree in a related field such as business, economics, or statistics may be sufficient, having a master’s degree or Ph.D. can increase earning potential. Business analysts with a master’s degree can expect an average salary of $90,000 per year, while those with a Ph.D. can expect an average salary of $110,000 per year.
In addition to base salaries, business analysts may also receive other benefits and perks such as health insurance, retirement plans, and paid time off. They may also have the opportunity to work on exciting projects and gain valuable experience that can help advance their careers.
Business analytics is a promising career path in the United States, with salaries expected to remain competitive in 2023. Salaries for business analytics professionals can vary depending on factors such as location, industry, experience level, and education. With the right combination of skills and experience, business analytics professionals can expect to earn a comfortable salary and enjoy a fulfilling career in a growing industry.
Recommended Analytics Training
OUR TAKE: This nanodegree provides foundational skills applicable to any industry, doesn’t require any prerequisites, and should take about 3 months to complete.
Description: In this program, you’ll learn foundational data skills that apply across functions and industries. You’ll learn to analyze data and build models with Excel, query databases using SQL, and create informative data visualizations with Tableau. This is an introductory program and has no prerequisites. In order to succeed, Udacity recommends having experience using a computer and being able to download and install applications.