How Much Does a Business Intelligence Manager Make? A Detailed Look at the Salary
If you’re considering a career in Business Intelligence, you might wonder about the earning potential as a Business Intelligence Manager. As a professional content creator with expertise in the field, I aim to provide you with a detailed look at the salary of a Business Intelligence Manager. Let’s dive into the topic.
What is Business Intelligence?
Before we get into the salary of a Business Intelligence Manager, let’s first understand what Business Intelligence (BI) is. BI is the use of technology, tools, and processes to gather and analyze data, with the aim of making informed business decisions. It involves collecting data from multiple sources, organizing it, and transforming it into valuable insights that can help organizations make better decisions.
Who is a Business Intelligence Manager?
A Business Intelligence Manager is responsible for overseeing the entire BI process. This includes managing the team that collects data, analyzing the data and presenting insights to the leadership team. They need to have an in-depth understanding of data warehousing, data mining, reporting tools, and analytical software to perform their job. They should also possess leadership qualities, excellent communication and interpersonal skills to interact with different stakeholders across the organization.
What is the Salary of a Business Intelligence Manager?
As of 2021, the average salary of a Business Intelligence Manager in the US is around $122,000 per year. However, the salary range can vary depending on various factors such as job location, industry, years of experience, level of education, and skills. Here’s a breakdown of the average salary of a Business Intelligence Manager by different variables:
- Location – Business Intelligence Managers in San Francisco, CA, and New York, NY earn the highest salary, around $144,000 per year.
- Industry – The highest-paying industries for Business Intelligence Managers are Healthcare, Finance, and Professional Services.
- Experience – Business Intelligence Managers with 1-4 years of experience can expect a salary of around $81,000 per year. Those with 5-9 years of experience earn an average of $115,000 per year while those with more than ten years of experience can earn over $145,000 per year.
- Education – Business Intelligence Managers with a Master’s degree, MBA or any other advanced degree can expect higher salaries than those with a Bachelor’s degree.
- Skills – Business Intelligence Managers who are skilled in data warehousing, data modeling, data mining, and business analysis earn more than those who lack these skills.
Conclusion
In conclusion, a career as a Business Intelligence Manager is highly rewarding both in terms of personal satisfaction and financial rewards. A career in Business Intelligence is more than just a job; it’s a profession that offers exciting opportunities for growth and development. No matter what level of experience you have in Business Intelligence, there’s always room for growth and advancement. If you have plans to pursue a career in Business Intelligence, now is the perfect time to do so, given the high demand for professionals in this field.
