Business Insight and Analytics Manager Salary
Business Insight and Analytics Managers in the United States take home an average $91K per year. Total incomes of Business Insight and Analytics Managers incorporate potential for, in a few cases, more than $20K from bonuses and close to $9K from profit sharing; these performance components cause packages to range between $62K and $135K. Residence and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. Job satisfaction is high and work is enjoyable for most Business Insight and Analytics Managers. Men account for the majority of Business Insight and Analytics Managers who responded to the questionnaire — 60 percent to be exact.
|Salary||$63,169 - $126,123|
|Bonus||$2,457 - $20,440|
|Profit Sharing||$505 - $8,717|
|Total Pay (||$63,809 - $137,028|
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. (Copyright 2017 PayScale.com)
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
Business Insight and Analytics Managers report using a deep pool of skills on the job. Lucky workers who know Research Analysis can expect a significant pay bump, scoring salaries 33 percent above average. Market Research and Web Analytics are also correlated to pay that is above average, with increases between 16 percent and 33 percent. Skills that seem to negatively impact pay include Business Analysis. Those proficient in Data Analysis are, more often than not, also skilled in 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
For those looking to make money, Business Insight and Analytics Managers in Chicago enjoy an exceptional pay rate, 23 percent above the national average. Business Insight and Analytics Managers will also find cushy salaries in San Francisco (+12 percent), Seattle (+11 percent), Minneapolis (+7 percent), and Dallas (+4 percent). Washington is the lowest-paying area, 15 percent south of the national average. Workers in Cincinnati and Pittsburgh earn salaries that trail the national average for those in this profession (12 percent less and 10 percent less, respectively).
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