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Salary of a Business Intelligence Analyst

By Andrew Michaels 10 June, 2023 4 mins read

This article will inform you about the average salary for a business analyst. This article will provide information about the average salary, job growth, career options, and career opportunities for this profession. Below are some statistics that will help you calculate your value. To get a sense of what your peers in the field make, you can also use our salary data. You can read this article to find out how much your colleagues make.

The average salary for a business intelligence analyst

Business Intelligence analyst salaries can vary depending on experience and where you live. The Bureau of Labor Statistics, along with the National Compensation Survey (NCES), publish data about experience levels. These factors are not necessarily the same for every job, but all are considered when calculating compensation. Experience levels can also be measured by knowledge, complexity or contacts. Facebook and Bank of the West rank among the top-paying businesses.

Business intelligence analysts are in high demand across a range of industries. These analysts combine technical knowledge with an understanding of business concepts. This allows business owners to use the analysts to make better decisions and increase their profits. These professionals will be in high demand as the technology industry becomes more dependent on them to make informed decisions. This will result in a rise of their salaries. Both high salaries and job security are advantages. Depending on experience and education, a BI analyst can even pivot their career into other roles.

For BI analysts to be able effectively analyze data and offer recommendations, they must have a strong understanding of business and finance. Strong communication skills are also essential. An analyst must be capable of synthesising data analysis results and communicating their findings in a clear, concise manner. Highly desirable is the ability to work in international settings. It is an excellent career choice to have a degree or certificate in data visualization/database design.

The 2019-2029 period will see a rise in job opportunities for business intelligence analysts

According to the U.S. Bureau of Labor Statistics (USBoLS), the average growth rate for business intelligence analysts over the next decade will be 11 percent. These analysts will be in high demand across many sectors. They provide insights based on data to help organizations stay competitive. As a result, they are highly sought-after individuals. The following chart shows the expected job growth of business intelligence analysts from 2019 to 2029.

The job outlook for business intelligence analysts looks great. Entry-level positions are plentiful. Entry-level positions may require applicants to have special software and extensive training. The training is ongoing. To stay on top of the latest trends, many seasoned analysts attend conferences. The job entails creating dashboards, writing reports, and communicating the results. Some organizations may also require supervisory skills.

This job is becoming more important as organizations face greater challenges with big-data analysis and tracking. Currently, 97.2% of organizations invest in artificial intelligence and data analytics to solve these challenges. Business intelligence analysts analyse and interpret large quantities of data and draw conclusions that help organizations' bottom lines. They play an important role in many industries. This career offers many opportunities for growth.

Career paths for business intelligence analysts

There are many opportunities to become a business intelligence analyst. You can earn a bachelor's degree and gain additional training, but some companies will consider candidates with relevant work experience. You can also specialize as a business intelligence analyst in areas like healthcare analytics. Some careers require a masters degree while others may require more than two years of work experience. If you're passionate about big data and analytics, you can consider pursuing a career in business intelligence.

BI analysts often work in organizations with varying amounts of data, and their primary function is to understand those data sets and use their analysis to help improve the company's bottom line. Data visualization is a crucial skill in this industry. It allows users to see trends and gain general insights. Understanding the different chart types and when they should be used are essential skills for creating effective visualizations. Business intelligence analysts are often well-versed in data sets and have a good understanding of the industry and its effects on the company.

First, you need to get a bachelor’s degree in a relevant field if you want to become a Business Intelligence Analyst. You can choose to study data science, math, or business administration. Internships are a great place to get job experience in the field. You can also apply to internships with companies and gain valuable real-world experience before applying for a position.

FAQ

Which IT program has the highest average salary?

Higher salaries are associated with the most expensive courses. This is due to a higher demand for these skilled. But this does not necessarily mean that the program will result in better job prospects.

You can determine whether you should invest in a course by looking at the market. Don't invest if there aren't enough jobs.

If there is a lot of work, this suggests that people are willing pay more for the required skills.

If you are able to find a course that is good and you feel you want it, then you should consider investing in it.

Which IT course would be the easiest?

Understanding what you are doing is the most important thing when learning to use technology. If you don’t understand why you want to learn technology, you will not be able to recall anything.

You will waste hours online looking for tutorials and never understand why you are learning.

The best way to learn is by using real-life examples. It's a great idea to test the software yourself while you work on a project. It's possible to discover things about the software you didn't know. This is where real-world experience comes into play.

A great example of this would be Google Wave. It was originally developed by Google X. However, it wasn't released until they decided that it would be made public.

They understood the purpose and its utility immediately after seeing it. They also realized that they should use it immediately.

Wave would have been a foreign language to us if we hadn't learned it. Instead of getting to work, we would have spent time looking for tutorials.

If you are looking to start your new career, take advantage of YouTube videos and other free tutorials. You will be more motivated to find out more once you have learned something.

Is the Google IT Certificate worth it?

Google IT certification for web developers is an industry-recognized credential. It shows employers that you're ready to take on technical challenges at scale.

Google IT certification is a great opportunity to demonstrate your expertise and to prove your commitment.

Google also offers exclusive content such as updates to the developer documentation, and answers to frequently-asked questions.

Google IT certifications may be taken online as well as offline.

How long does a cyber-security course take?

Cybersecurity training courses last from six to 12 weeks, depending upon how much time you have. If you are looking at a short-term course, then you may want to consider an online option such as the University of East London's Cyber Security Certificate Program, which meets three times per week over four consecutive weeks. You can also opt for the full-time immersive option if you have several weeks to spare. These classes include lectures, assignments, discussions, and group meetings that are all intended to give you a solid understanding of cybersecurity. It's easy to budget as the tuition fee includes accommodation, meals (including textbooks), and IT equipment. Students learn the basics of cybersecurity, as well as practical skills like penetration testing, ethical hacking and incident response. A certificate is awarded upon graduation. This program is not only designed to help people get started in cybersecurity but also helps them find jobs after graduation.

A shorter course can be completed in under two years. This is the best thing about it. You will need to put more effort if you want to continue your training. You will most likely spend your time studying, but regular classes will be required. A longer course will also cover topics like vulnerability assessment, digital forensics, encryption, malware, and mobile device management. If you choose to take this route, you'll need to devote up to six hours per day to your studies. You will also need to commit to regularly attending scheduled meetings, both in person and via online platforms such as Skype or Google Hangouts. These meetings may be required depending on your location.

Course duration will depend on whether you choose a full-time or part-time program. Part-time classes tend to be shorter, so that you may only see half the curriculum. Full-time programs require intensive instruction, so they will be spread over several semesters. Whatever your choice, make sure your course has flexible scheduling options that allow you to fit it in your busy schedule.

What jobs are available in information technology?

People who are interested in IT-related careers have many options. These include web developer, database administrator and network engineer. You can also find other IT jobs, like data entry clerks and sales representatives, customer service specialists, programmers, technical writers, graphic artists or office managers.

Most people work in the field once they have graduated from school. You might be offered an internship while you study for your degree. Or, you might choose to take part in a formal apprenticeship. This allows you to gain real-world experience through supervision under your mentorship.

As mentioned earlier, there are many job opportunities available in Information Technology. Some positions do not require a bachelor's degree. Others may require a postgraduate qualification. A master's (MSc.) degree in Computer Science/Software Engineering (SSE) can provide better qualifications than a Bachelor's Degree.

Employers prefer candidates with previous experience. If you know someone who works in IT, ask them what kind of positions they've applied for. Also, check out job boards online to see if any vacancies exist. You can search by location and industry, as well as the type of job, required skills, and salary range.

Try using sites like Monster.com, Simply Hired.com or Career Builder to help you find work. You might also consider joining professional associations like the American Society for Training & Development(ASTD), the Association for Computing Machinery(ACM), and the Institute of Electrical and Electronics Engineerss (IEEE).

What are the advantages of learning information technology yourself?

You can learn information technology online without needing to take classes or pass exams. You'll have full access to all required resources, including software, books, online courses, and software. It will be easy to find time to go to class, travel to school, or deal with other students. Additionally, you'll be able to save money.

You may also want to consider becoming certified. The benefits of certification are numerous, but they include professional development opportunities, job placement assistance, and business networking.

There are many routes to becoming certified in information technologies. You could, for example, enroll in a self-paced training course offered by Pearson VUE. You can also join one the hundreds of organizations that offer certifications such as CompTIA Security+ (Microsoft Office Specialist), CompTIA Security+ (CompTIA Security+), CompTIA CompTIA A+, CompTIA Security+ (Dell Certified Advanced Technician) and VMware Certified Professional: Data Center Virtualization.

Which are the top IT courses?

The most important thing you need for success in the field of technology is passion. Passion is essential for success in technology. If you don’t, don’t worry. The industry requires dedication and constant hard work. You also need to be able learn quickly and to adapt to change. Schools must prepare students to adapt to such changes. They should teach students how to think critically as well as creatively. These skills will serve them well when they enter the workforce.

Experience is the second most important aspect to learning technology. The majority of people who are interested in a career within tech start their studies right after graduation. It takes years of experience to be proficient in every aspect of this field. You can get experience in many ways: volunteering, internships, and part-time jobs.

Practical training, which is hands-on, is the ultimate learning experience. This is the best way to learn. So, if you can't find a full-time internship or volunteer position, then look into taking classes at community colleges. Many universities offer free classes through their Continuing Education programs.

Statistics

The IT occupation with the highest annual median salary is that of computer and information research scientists at $122,840, followed by computer network architects ($112,690), software developers ($107,510), information security analysts ($99,730), and database administrators ($93,750) (bls.gov).
The global IoT market is expected to reach a value of USD 1,386.06 billion by 2026 from USD 761.4 billion in 2020 at a CAGR of 10.53% during the period 2021-2026 (globenewswire.com).
The top five countries contributing to the growth of the global IT industry are China, India, Japan, South Korea, and Germany (comptia.com).
The top five companies hiring the most IT professionals are Amazon, Google, IBM, Intel, and Facebook (itnews.co).
The top five regions contributing to the growth of IT professionals are North America, Western Europe, APJ, MEA, and Central/Eastern Europe (cee.com).
The global information technology industry was valued at $4.8 trillion in 2020 and is expected to reach $5.2 trillion in 2021 (comptia.org).