Solutions Review explores the state of BI analyst salary in the United States, along with a link to the most popular e-learning training.
Business intelligence (BI) analysts are responsible for analyzing data and providing insights to help organizations make informed decisions. With the growing importance of data-driven decision-making, the demand for BI analysts in the United States continues to increase. As a result, BI analyst salaries in the United States are expected to remain competitive in 2023.
According to a report by PayScale, the national average salary for a BI analyst in the United States is $67,253 per year. However, this figure can vary depending on several factors such as location, industry, experience level, and education. For example, BI analysts in the San Francisco Bay Area can expect to earn an average salary of $83,299 per year, while those in New York City can expect to earn an average salary of $78,619 per year.
BI Analyst Salary Expectations
The industry in which a BI analyst works can also have a significant impact on their salary. According to the same PayScale report, BI analysts in the technology industry can expect to earn an average salary of $71,008 per year, while those in the finance industry can expect to earn an average salary of $66,341 per year. Other industries with high-paying BI analyst roles include healthcare, government, and e-commerce.
Experience level is another key factor that influences BI analyst salaries in the United States. Entry-level analysts with less than one year of experience can expect to earn an average salary of $55,000 per year, while those with 1-3 years of experience can expect to earn an average salary of $63,000 per year. Mid-level analysts with 4-6 years of experience can expect to earn an average salary of $80,000 per year, while senior analysts with 7+ years of experience can expect to earn an average salary of $95,000 per year.
Education is also an important consideration when it comes to BI analyst salaries in the United States. While a bachelor’s degree in a related field such as computer science, statistics, or mathematics may be sufficient for entry-level roles, a master’s degree or MBA can significantly increase earning potential. BI analysts with a master’s degree can expect to earn an average salary of $85,000 per year, while those with an MBA can expect to earn an average salary of $92,000 per year.
In addition to base salaries, many BI analyst roles also offer additional perks and benefits. These may include bonuses, stock options, and flexible work arrangements. Companies may also offer other perks such as health insurance, retirement plans, and paid time off.
BI analysis is a rewarding career path in the United States with salaries that are expected to remain competitive in 2023. Salaries for BI analysts can vary depending on factors such as location, industry, experience level, and education. With the right combination of skills and experience, BI analysts can expect to earn a comfortable salary and enjoy a fulfilling career in a growing industry.
Recommended Analytics Training
TITLE: Business Analytics Nanodegree
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.
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