Business Intelligence Analysts produce financial and market intelligence by querying data repositories and generating periodic reports. Devise methods for identifying data patterns and trends in available information sources.
- Analyze competitive market strategies through analysis of related product, market, or share trends.
- Synthesize current business intelligence or trend data to support recommendations for action.
- Communicate with customers, competitors, suppliers, professional organizations, or others to stay abreast of industry or business trends.
- Manage timely flow of business intelligence information to users.
Business Intelligence Analysts with little to no experience tend to make between $47350 and $66410 while the more experienced ones can earn over $117070 per year.
|Top 5 paying states||Hourly||Annual|
One of the easiest ways to increase your salary as a Business Intelligence Analyst is to move to a higher paying state like DC. Right now, the highest paying states for Business Intelligence Analysts are DC, MD, NH, VA and CA.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Business Intelligence Analyst is the degree you hold, the industry you work in, and lastly the company you work for.
We asked other Business Intelligence Analysts what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
|Computer and Information Sciences, General|
|Data Processing and Data Processing Technology/Technician|
|Information Technology Project Management|
Pros and Cons
Here are some of the pros and cons of being a Business Intelligence Analyst.
|Suitable for people who likes to solve problems mentally|
|Suitable for people who values achievements and are results-oriented|
|This career is perfect for people who love to work indoors.|
|Very high salary (top 25% highest paid careers)|
|Not suitable for people who likes to help and teach others|
|It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career.|
|Long working hours (More than 40 hours per week)|
What is the job like
70% of Business Intelligence Analysts said they were satisfied with their job and 46% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like working with ideas, and require an extensive amount of thinking. They like searching for facts and figuring out problems mentally..
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
Related career information
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