Strategic Business Analyst Salary
A strategic business analyst (SBA) is a highly skilled professional who helps organizations identify, assess, and manage risks and opportunities. According to the Bureau of Labor Statistics (BLS), the median annual salary for a strategic business analyst was $92,060 in May 2017. However, the salary range for a SBA is quite broad, and there are many factors that can influence a SBA’s salary. For example, experience and education level are both important factors when determining a SBA’s salary.
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2019 Business Analyst Salary Information
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What is the average salary for a strategic business analyst?
The average salary for a strategic business analyst is $122,000. This figure is based on a study conducted by Glassdoor.
How do experience and location affect a strategic business analyst’s salary?
Location is definitely one factor that affects a strategic business analyst s salary. If you are located in a metropolitan area, you may be able to command a higher salary than someone who is located in a rural area. However, experience is just as important as location when it comes to determining a strategic business analyst s salary. A seasoned business analyst may be able to command a higher salary than a new graduate because he or she has more experience and can bring more to the table.
What are the top paying industries for strategic business analysts?
The top paying industries for strategic business analysts are rapidly growing industries such as technology, health care, and banking. Many of these industries are still in their early stages of development and are in need of talented and skilled professionals to help them grow and succeed. As a strategic business analyst, you can expect to make an annual salary that ranges from $75,000 to $110,000, depending on your experience and skills.
What are the top skills that can increase a strategic business analyst’s salary?
Talent, intelligence, creativity, problem solving and the ability to communicate effectively are some of the key skills that can increase a strategic business analyst’s salary. A strategic business analyst who can communicate effectively with stakeholders, identifies and analyzes opportunities and threats, and develops and implements plans can earn significantly more than a business analyst who only possesses basic skills in these areas.
How can a strategic business analyst increase their salary?
Strategic business analysts are responsible for developing and executing long-term business plans, increasing shareholder value and maximizing revenue growth. To increase their salary, a strategic business analyst must be highly skilled in financial analysis and possess strong business acumen. Additionally, they must be able to communicate effectively with senior management and stakeholders, have a strong work ethic and be able to stay up to date with rapidly changing technology and industry trends.
Conclusion
A strategic business analyst is a key player in any business. With a college degree in business, a strategic business analyst can expect to earn a salary in the mid to high six figures. With experience in a number of industries, a strategic business analyst can be in high demand.
