Hello and welcome to our comprehensive guide on operations business analyst salary. If you’re considering a career in this field or just curious about how much professionals in this role make, you’ve come to the right place. In this article, we’ll cover everything from the average salary, factors that impact earnings, and frequently asked questions. So, let’s get started!
The Average Operations Business Analyst Salary
As with any profession, the salary of an operations business analyst can vary based on several factors such as geographic location, company size, years of experience, and education level. However, according to Glassdoor, the national average salary for an operations business analyst in the United States is $71,697 per year.
While this is the national average, it’s important to note that salaries can range significantly based on geographic location. For example, operations business analysts in New York City have an average salary of $88,648 per year, while those in Dallas have an average salary of $71,552 per year.
Factors That Impact Operations Business Analyst Salary
As we mentioned, there are several factors that can impact an operations business analyst’s salary. Here are some of the most significant:
|Salaries can vary significantly based on the city and state in which the operations business analyst is located.
|Larger companies may offer higher salaries than smaller ones.
|Years of Experience
|Operations business analysts with more experience typically earn higher salaries.
|Those with advanced degrees may earn higher salaries than those with only a bachelor’s degree.
As we mentioned earlier, geographic location can have a significant impact on an operations business analyst’s salary. For example, an operations business analyst working in Silicon Valley will likely earn more than someone working in a small town in the Midwest.
In general, cities with higher costs of living and higher demand for skilled workers tend to offer higher salaries. Here are some of the highest-paying cities for operations business analysts:
|New York City
|$88,648 per year
|$87,236 per year
|$85,936 per year
|$83,834 per year
|$78,625 per year
The size of the company can also have an impact on an operations business analyst’s salary. Larger companies may have more resources available to offer higher salaries, while smaller companies may have more limited budgets.
However, it’s worth noting that smaller companies may offer other benefits such as more flexibility or a more relaxed work environment that could make up for a lower salary.
Years of Experience
In general, operations business analysts with more years of experience tend to earn higher salaries. This is because they have developed a higher level of expertise and can bring more value to the company.
According to PayScale, here’s how the average salary for an operations business analyst changes based on years of experience:
|Years of Experience
|$62,000 per year
|$79,000 per year
|$93,000 per year
|$97,000 per year
While a bachelor’s degree is typically the minimum education requirement for an operations business analyst, those with advanced degrees may earn higher salaries. For example, someone with a Master of Business Administration (MBA) may be able to negotiate a higher salary than someone with just a bachelor’s degree.
Now that we’ve covered the basics of an operations business analyst’s salary, let’s answer some frequently asked questions:
What Does an Operations Business Analyst Do?
Operations business analysts are responsible for analyzing data and using it to improve business processes. This can include identifying inefficiencies, developing solutions, and monitoring the impact of changes over time.
What Skills Do You Need to Be an Operations Business Analyst?
Some of the key skills required to be an operations business analyst include:
- Analytical thinking
- Data analysis and manipulation
- Project management
- Communication and presentation skills
What Is the Job Outlook for Operations Business Analysts?
The job outlook for operations business analysts is positive, with the Bureau of Labor Statistics projecting a 14% job growth rate between 2018 and 2028. This is much faster than the average growth rate for all occupations.
What Other Factors Can Impact an Operations Business Analyst’s Salary?
Other factors that can impact an operations business analyst’s salary include:
- Bonuses and profit sharing
- Type of industry (e.g. finance, healthcare, technology)
- Job responsibilities
- Professional certifications
We hope this guide has provided you with valuable information on operations business analyst salary. Remember, the salary you can expect to earn in this role depends on several factors, including geographic location, company size, years of experience, and education level. As you consider your options, be sure to take these factors into account and negotiate your salary based on your unique skillset and experience.