Business Insight and Analytics Manager Salary
Business Insight and Analytics Managers in the United States can expect wages of $91K per year on average. Final cash compensation to Business Insight and Analytics Managers varies from around $63K to approximately $131K; choice pay grades include potential for bonuses and profit sharing as high as $20K and $8K, respectively. Geography and career duration each impact pay for this group, with the former having the largest influence. More than half of Business Insight and Analytics Managers (62 percent) survey respondents are men. Job satisfaction for Business Insight and Analytics Managers is high. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
|Salary||$62,198 - $121,205|
|Bonus||$2,033 - $20,144|
|Profit Sharing||$493.16 - $8,109|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$63,007 - $130,940|
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 takers working as Business Insight and Analytics Managers report using a large range of professional skills. 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 pay less than market rate include Business Analysis and Microsoft Excel. Most people familiar with Data Analysis also know SQL.
Pay by Experience Level for Business Insight and Analytics Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Relatively untried employees who have less than five years' experience make $85K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $99K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $111K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $109K.
Pay Difference by Location
For Business Insight and Analytics Managers, busy Chicago offers a higher-than-average pay rate, 22 percent above 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). Washington ranks last in the field for pay, reporting salaries 16 percent below the national average. Employers pay around 13 percent less in Cincinnati and 10 percent less in Pittsburgh, below-median salaries for those in this field.
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based on 37 votes.