How much can you earn as a lead business intelligence analyst? A closer look at the salary figures
As companies look to make data-driven decisions to improve performance and increase profitability, the demand for business intelligence analysts has been on the rise. These professionals use data to identify trends and patterns within an organization, provide actionable insights to key decision-makers and drive business strategy.
For those considering a career in business intelligence, an important factor to consider is salary. In this article, we’ll take a closer look at how much you can earn as a lead business intelligence analyst.
What is a lead business intelligence analyst?
A lead business intelligence analyst is a senior-level position responsible for overseeing a team of analysts and leading complex data analysis projects. Along with analyzing and interpreting data, a lead business intelligence analyst is also responsible for designing and implementing data reporting systems, developing policies and procedures to ensure data accuracy and security, and creating strategies for improving data quality.
How much do lead business intelligence analysts earn?
According to Glassdoor, the national average salary for a lead business intelligence analyst in the United States is $111,250 per year. However, salaries can vary widely depending on factors such as location, industry, and level of experience.
For example, lead business intelligence analysts working in the technology industry tend to earn more than those in other industries, with an average salary of $118,824 per year. Those working in the healthcare industry generally earn less, with an average salary of $101,240 per year.
Location also plays a significant role in salary. Lead business intelligence analysts working in San Francisco, CA, for example, can expect to earn an average of $139,843 per year, while those in Chicago, IL, earn an average of $103,729 per year.
Finally, level of experience has a major impact on salary. According to PayScale, a lead business intelligence analyst with less than five years of experience can expect to earn an average of $86,000 per year, while those with more than 20 years of experience can earn upwards of $170,000 per year.
What skills and qualifications are needed?
To become a lead business intelligence analyst, a bachelor’s degree in a relevant field such as computer science, statistics, or mathematics is typically required. Some employers may also prefer a master’s degree in a related field.
In addition to educational qualifications, lead business intelligence analysts must also possess strong analytical and problem-solving skills, along with expert-level knowledge of data analysis tools and techniques. Strong communication and leadership skills are also essential, as lead business intelligence analysts must be able to effectively manage and motivate a team of analysts.
Conclusion
As the demand for data-driven decision-making continues to grow, the role of lead business intelligence analyst becomes increasingly important. While salaries can vary widely based on factors such as location, industry, and level of experience, those working in this field can expect to earn a competitive salary and have opportunities for career advancement. With the right combination of skills and qualifications, a career as a lead business intelligence analyst can be both financially rewarding and intellectually stimulating.
