Business Insight and Analytics Manager Salary
The average Business Insight and Analytics Manager in the United States can expect to rake in roughly $91K per year. In the world of Business Insight and Analytics Managers, overall cash allowance can occasionally include more than $20K from bonuses and, in some exceptional cases, $8K from profit sharing, causing incomes to vary widely between $62K and $135K. Residence and tenure each impact pay for this group, with the former having the largest influence. The majority of Business Insight and Analytics Managers (61 percent) survey respondents are male. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to most. Most Business Insight and Analytics Managers like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.
|Salary||$61,399 - $124,345|
|Bonus||$2,250 - $20,091|
|Profit Sharing||$502 - $7,973|
|Total Pay (||$61,887 - $134,685|
Job Description for Business Insight and Analytics Manager
The business insight and analytics managers hold high-level analysis and management positions within larger businesses. They head a staff of managers and analysts who examine trends in the marketplace and attempt to forecast the best course of action for the company.Read More...
This manager must make sure their department is collecting useful data; typically, they assign a team to assign levels of value and relevancy for collected market and customer data. Once this data has been prioritized, various teams examine sales, marketing, logistics, and revenue channels to determine the various ways that changes or new developments will affect the business. Depending on the company, individuals with business law experience work with or under the business insight manager to keep the manager abreast of regulatory developments and legislation under consideration. These developments may help the manager recognize potential trouble spots as well as areas of opportunity. The business insight and analytics manager also compiles collected data into reports for use by upper-level management and board members.
To work in this field, an individual likely needs at least a bachelor’s degree in business, preferably with an extensive background in statistics and finance as well. Many larger companies prefer a person with a track record of analytics experience. They must be an excellent communicator and possess strong organizational skills as well.
Business Insight and Analytics Manager Tasks
- Track, analyze, and evaluate business performance.
- Prepare and present analytical reports of data.
- Create analytics systems and frameworks.
- Manage team of analysts.
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Popular Skills for Business Insight and Analytics Manager
Survey results imply that Business Insight and Analytics Managers deploy a deep pool of skills on the job. Most notably, facility with Research Analysis, Market Research, and Web Analytics are correlated to pay that is significantly above average, leading to increases of 33 percent, 16 percent, and 15 percent, respectively. Skills that are correlated to lower pay, on the other hand, include Business Analysis and Microsoft Excel. For most people, competency in Data Analysis indicates knowledge of SQL.
Pay by Experience Level for Business Insight and Analytics Manager
Pay by Experience for a Business Insight and Analytics Manager has a positive trend. An entry-level Business Insight and Analytics Manager with less than 5 years of experience can expect to earn an average total compensation of $85,000 based on 133 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Insight and Analytics Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $99,000 based on 179 salaries. An experienced Business Insight and Analytics Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $111,000 based on 102 salaries. A Business Insight and Analytics Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $109,000 based on 18 salaries.
Pay Difference by Location
Chicago is home to an above-average pay rate for Business Insight and Analytics Managers, 22 percent higher than the national average. Business Insight and Analytics Managers will also find cushy salaries in San Francisco (+11 percent), Seattle (+11 percent), Minneapolis (+6 percent), and Dallas (+4 percent). With compensation 16 percent below the national average, Washington is not known for hefty paychecks and actually represents the lowest-paying market. Below-median salaries also turn up in Cincinnati and Pittsburgh (13 percent lower and 10 percent lower, respectively).
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