Data retrieval and analysis inside an enterprise are managed by a Business Intelligence Analyst, also known as a Business Intelligence Specialist. They are responsible for gathering data points, coordinating with the IT division, and evaluating data to identify a company’s needs. In this post, we will discuss Business Intelligence analysts, what they do as Jobs, and how much an analyst makes as salary in states like Boston and Chicago.
What Does a Business Intelligence Analyst Do?
A BI analyst, also known as a business intelligence analyst, uses data and other information to support firms in making wise business decisions. Although specific job descriptions can differ, a business intelligence analyst’s responsibilities can be divided into three categories:
- Analyzing important business data: A business intelligence analyst may collect, purify, and analyze data on a company’s revenue, sales, market statistics, or consumer interaction measures. To better view or monitor data, BI analysts may also be asked to program tools and data models.
- Interpreting the data: A critical component of a BI analyst’s role is identifying patterns or other aspects of the data that point to potential areas for business practice change. For instance, a BI analyst may examine market trends to determine how a business may need to modify its offering.
- Sharing findings: Sharing findings might involve anything from putting together reports and presenting them to other teams or clients to visualizing data in graphs and charts. Based on their results, business intelligence analysts will also suggest ways to expand or strengthen the company.
According to statistics from Glassdoor from June 2023, business intelligence analysts in the US earn an average salary of $87,866 per year. This sum includes base pay with other benefits including commissions, cash bonuses, profit-sharing, and tips.
Business Intelligence Analyst Jobs
Business Intelligence (BI) Analysts are in charge of deciphering and interpreting large, complicated data sets to help firms make wise business decisions. Financial, sales, marketing, and operational data are just a few of the types of data that BI analysts use to look for trends, patterns, and opportunities that could boost business performance.
A BI analyst’s main responsibilities include the following:
- Obtaining stakeholder requirements
- Creating and designing dashboards and reports
- Carrying out data modeling and analysis
- Recognizing patterns and trends in data
- Performing ad hoc analyses to respond to business inquiries
- Making findings and suggestions available to interested parties
- Working with departments to create data-driven initiatives
High Paying Jobs for Business Intelligence Analysts
Business intelligence analysts frequently work in the following positions:
#1. Sap SD Analyst
Salary range: $113,000-$158,500 per year
In the United States, the majority of Sap Sd Analyst salaries currently fall between $113,000 (25th percentile) and $158,500 (75th percentile) per year. Although some growth is conceivable, the moderate range of earnings indicates that the income for this position will remain constant regardless of skill level, location, or years of experience. According to recent job ads on ZipRecruiter, a few organizations are recruiting in the Sap Sd Analyst field in the United States.
#2. Sap Functional Analyst
Salary range: $107,000-$156,500 per year
A functional SAP analyst uses their expertise in SAP software to ensure a company is operating effectively. Finding ways to assist a business boost earnings and running more efficiently is part of the job description. A functional SAP analyst could also use their expertise to create a new business procedure. A bachelor’s degree in computer science, information technology, or a closely related discipline, as well as previous experience with software development, are often required for careers in this industry.
#3. Data Integrity Specialist
Salary range: $42,500-$143,000 per year
A data integrity specialist makes ensuring that the data kept in business computer systems are secure and of high quality. Their duties include keeping a complete record of every data point’s collection and access as well as monitoring who has access to specific firm data, such as accounting, at any given moment. Finding erased data or backing it up in case of a system crash are additional responsibilities.
#4. Tableau Analyst
Salary range: $87,500-$142,000 per year
Software engineering firm Tableau creates tools to enhance data analysis and offer clients business intelligence solutions. Implementing, maintaining, and troubleshooting analytics software are among the responsibilities of a tableau analyst, as are gaining important insights via tableau visualization and data analysis. Your duties also involve working with end users to apply upgrades and instruct them on how to use Tableau analytics tools and visualizations, as well as helping to troubleshoot system problems.
#5. Business Intelligence Administrator
Salary range: $90,000-$138,500 per year
The average yearly pay for business intelligence administrators in the United States is between $90,000 (25th percentile) and $138,500 (75th percentile). Although some growth is conceivable, the moderate range of earnings indicates that the income for this position will remain constant regardless of skill level, location, or years of experience. According to recent job posts on ZipRecruiter, a few companies are hiring in the United States for the position of business intelligence administrator.
#6. Data Analytics Architect
Salary range: $130,500-$137,500 per year
The average yearly pay for Data Analytics Architects in the United States is between $130,500 (25th percentile) and $137,500 (75th percentile). Regardless of skill level, region, or years of experience, the majority of people in this position earn comparable earnings.
#7. SAP Business Intelligence Consultant
Salary range: $85,000-$136,500 per year
The average yearly salary for SAP Business Intelligence Consultants in the United States is between $85,000 (25th percentile) and $136,500 (75th percentile). Although some growth is conceivable, the moderate range of earnings indicates that the income for this position will remain constant regardless of skill level, location, or years of experience.
#8. SAP Data Analyst
Salary range: $89,500-$135,500 per year
The average annual salary for a SAP Data Analyst in the US is presently between $89,500 (25th percentile) and $135,500 (75th percentile). Although some growth is conceivable, the moderate range of earnings indicates that the income for this position will remain constant regardless of skill level, location, or years of experience. According to current job ads on ZipRecruiter, there is a great demand for SAP Data Analysts in the American labor market.
#9. SAP Analyst
Salary range: $92,500-$131,000 per year
You create, implement, and assess all systems, applications, and product (SAP) technologies for your company in your capacity as an SAP analyst. Your main responsibilities at work will be to analyze company requirements, create and build new software, and teach management how to use SAP technology. You are an authority on corporate solutions, supply chain management, and various systems, programs, and products. While some SAP analysts operate as independent consultants, the majority are engaged by a company. Jobs are accessible in several sectors, including manufacturing, information technology, and banking.
#10. BI Consultant
Salary range: $92,500-$124,500 per year
A business intelligence (BI) consultant is an expert in analyzing big data for businesses in a range of sectors, including law enforcement and education. As a BI consultant, your duties will include creating reports about an organization’s progress and efficiency, identifying and collecting particular data sets, developing and using data mining programs, confirming data input procedures and database reliability on a departmental level, and presenting your findings to company leadership. As a BI consultant, managing data warehouses is another one of your duties.
You can use job search engines like Indeed, Glassdoor, or LinkedIn to uncover business intelligence analyst jobs. As many businesses have specialized BI teams, you may also look at the career pages of the organizations you are interested in working for. You can locate employment prospects and keep up with industry developments by networking with professionals in the sector and going to industry events.
Business Intelligence Analyst Salary Boston
Business Intelligence Analysts in Boston make an average yearly salary of $109,682 as of June 21, 2023. If you need a quick salary estimator, that comes out to be about $52.73 per hour. This amounts to $9,140 each month or $2,109 per week.
The majority of salaries in the Business Intelligence Analyst job category currently range between $102,800 (25th percentile) and $141,800 (75th percentile), with top earners (90th percentile) earning $164,932 annually in Boston. ZipRecruiter reports salaries as high as $174,829 and as low as $30,787.
There may be numerous prospects for progression and increased income based on skill level, location, and years of experience given the wide range of average salaries for Business Intelligence Analyst jobs (up to $39,000).
Recent job ads on ZipRecruiter indicate that there is a strong demand for business intelligence professionals in Boston, Massachusetts, as well as the neighborhood. ZipRecruiter estimates the most precise annual salary range for Business Intelligence Analysts in Boston by continually scanning their database of millions of active jobs posted locally across America.
Business Intelligence Analyst Salary Chicago
Business Intelligence Analysts in Chicago make an average yearly salary of $94,620 as of June 21, 2023. That comes to about $45.49 an hour if you need a quick pay calculator. This amounts to $1,819 each week or $7,885 per month.
While earnings for Business Intelligence Analysts range from $78,600 (25th percentile) to $113,200 (75th percentile), with top earners (90th percentile) making $145,147 yearly in Chicago, ZipRecruiter only reports salaries as high as $159,295 and as low as $46,636.
There may be numerous prospects for development and increased income based on skill level, location, and years of experience in Chicago given the wide variation in the average pay range for a Business Intelligence Analyst (as much as $34,600).
According to recent job ads on ZipRecruiter, Chicago, Illinois, and neighboring areas have a bustling Business Intelligence Analyst job market. ZipRecruiter estimates the most precise annual salary range for Business Intelligence Analyst positions in Chicago by continually scanning their database of millions of active jobs posted locally across America.
Is Business Intelligence a High-Paying Job?
Yes. Business Intelligence Analysts with this talent make +91.37% more money annually than the average base salary of $85,305.
How Much Does a Business Intelligence Associate Make in NYC?
The level of experience, talents, and industry can all affect a Business Intelligence Associate’s salary in New York City. The average base pay for a business intelligence associate in NYC is about $82,000 per year, according to statistics from Glassdoor. However, this can range from about $62,000 to $112,000 per year depending on the aforementioned factors.
Is Business Intelligence a Stressful Job?
Yes, working as a business analyst may be challenging. A business analyst is a member of the data science industry who uses data to assist companies in making informed decisions.
Do Business Intelligence Analysts Code?
Yes. Business Intelligence Analysts frequently work in more considerable analytics or data teams. This implies that they will work along with professionals who prioritize codings, such as data scientists, engineers, and analysts.
Does Business Intelligence Need a Degree?
A bachelor’s degree in computer science, business mathematics, statistics, economics, accounting, or a similar discipline is the entry point for a career as a business intelligence analyst, while other career routes may be available.
How Do I Become a Business Intelligence Analyst?
Typically, you need a combination of education, training, and experience to become a Business Intelligence Analyst. Become a Business Intelligence Analyst by following these steps:
- Education
- Technical Skills
- Industry Experience
- Certifications
- Soft Skills
- Networking
You can become a strong contender for Business Intelligence Analyst jobs by accumulating a range of education, abilities, and experience. To remain competitive in the employment market, it’s critical to keep up with the most recent technological advancements and market trends.
Conclusion
In conclusion, it is fair to state that employment opportunities for business intelligence analysts are auspicious at the moment. It will be one of the highest-paying profiles in the upcoming years due to the continuously increasing demand. Therefore, people who want to become BI analysts are on the proper path. All you need to do is pass an appropriate certification course to meet the position’s educational criteria. Work on honing your soft skills so that you can be the best candidate for the job. Continue to work to improve your talents so you can have a profession that pays well and is stable.
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