Business Insight and Analytics Manager Salary
Business Insight and Analytics Managers in the United States pull down an average of $91K per year. Including potential for bonuses and profit sharing — peaking near $19K and $8K, respectively — total cash payment to Business Insight and Analytics Managers can bottom out near $65K or peak near $129K depending on individual performance. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Almost all enjoy medical and dental coverage in this occupation, and a fair number get vision benefits. Men make up the majority of Business Insight and Analytics Managers (63 percent) survey respondents.
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
- Create analytics systems and frameworks.
- Manage team of analysts.
- Track, analyze, and evaluate business performance.
- Prepare and present analytical reports of data.
Business Insight and Analytics Manager Job Listings
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Popular Skills for Business Insight and Analytics Manager
Business Insight and Analytics Managers seem to exploit a large range of skills on the job. Most notably, facility with Research Analysis, Market Research, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 33 percent, 16 percent, and 4 percent, respectively. At the other end of the pay range are skills like Web Analytics, Business Analysis, and Microsoft Excel. Most people skilled in Data Analysis are similarly competent in SQL.
Pay by Experience Level for Business Insight and Analytics Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Salaries of relatively inexperienced workers fall in the neighborhood of $85K, but folks who have racked up five to 10 years see a notably higher median of $97K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $110K. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $106K.
Pay Difference by Location
Business Insight and Analytics Managers will find that Chicago offers an impressive pay rate, one which exceeds the national average by 22 percent. Business Insight and Analytics Managers will also find cushy salaries in San Francisco (+13 percent), Seattle (+11 percent), Boston (+9 percent), and Charlotte (+8 percent). Those in the field find the lowest salaries in Washington, 17 percent below the national average. Employers pay around 12 percent less in Cincinnati and 10 percent less in Pittsburgh, below-median salaries for those in this field.