Business Analytics Careers: 10 Highest Paying Jobs and Salaries
This post provides exhaustive information of the business analytics careers, highlighting 10 highest paying jobs with the skills, experience, qualifications, salaries, and future outlook, that you can do and have a successful career.
Please, keep reading:
Business analytics is simply the process of collecting, storing, and analyzing data to help a business to improve its efficiency and increase its revenue.
People with careers in business analytics are called business analysts.
10 Highest Paying Business Analytics Jobs
Here is our list of 10 highest paying jobs and salaries under business analytics careers:
1. Big Data Engineer
Big data engineers transform big volumes of data into a format easily analyzed for organizations to use to create smarter business decisions. They also retrieve, interpret, analyze, and report on a business’s data, so as to produce result.
Big Data Engineer Job Duties
The duties and responsibilities commonly performed by big data engineers include the following:
- Create and maintain optimal data pipeline architecture
- Create data tools for analytics
- Bring together large, compound data sets that meet functional/non-functional business requirements
- Work together with stakeholders
- Collaborate with data and analytics experts to strive for greater functionality in data systems
- Keep data separated and secure across national boundaries through multiple data centers and AWS regions.
Big Data Engineer Qualification
To be hired as a big data engineer mostly requires:
- A Bachelor’s degree in: Computer Science, Information Technology, or Applied Math
- Certification: The certification programs for this job include IBM Certified Data Engineer or Google’s Certified Professional
- Knowledge and skills of machine learning, Python and R, data base, data warehousing, apache hadoop, NoSQL, setting up cloud clusters, apache spark
- Ability to approach problems in a creative way
- Strong analytic skills related to working with unstructured datasets
- Strong project management and organizational skills
- Experience on Spark/Storm/Cassandr/Kafka/Scala
- Experience with Java oriented technologies (JBoss, Spring, SpringMVC, Hibernate, REST/SOAP)
- Experience in performing root cause analysis on internal and external data and processes
- Experience with non-relational and relational databases (SQL, MySQL, NoSQL, Hadoop, MongoDB, etc.)
- Experience using the Hadoop ecosystem, or Spark and similar frameworks.
Read more about big data engineer duties and job requirements.
Big Data Engineer Salary
Glassdoor reported the average annual salary for a data engineer to be $137,776. Senior data engineers receive an average salary of $172,603 per year.
Future Job Outlook for Big Data Engineer
Glassdoor listed about 107,730 big data engineering jobs in the US. By the end of this year, as far as the market is concerned, the global big data market would achieve a net worth of $31 billion, thus documenting a growth of 14% from the previous year.
There is an escalating demand for big data engineers. Therefore, there is little doubt that big data engineers will have a positive growth curve.
2. Data Architect
Data architects are concerned with designing, creating, deploying, and managing a company’s data architecture.
They define how the data will be stored, consumed, integrated and managed by diverse data entities and IT systems.
Data Architect Duties
Data architects commonly perform the following duties and responsibilities:
- Arrange exact database design and architecture reports for management and executive teams
- Design and apply effective database solutions and models to store and retrieve company data
- Inspect and identify database structural necessities by evaluating client operations, applications, and programming
- Install and put in order information systems to guarantee company functionality
- Assess database implementation procedures to ensure they comply with internal and external regulations
- Watch the system performance by performing regular tests, troubleshooting, and integrating new features
- Supervise the migration of data from legacy systems to new solutions
- Suggest solutions to improve new and existing database systems
- Teach staff members through training and individual support
- Offer support by responding to system problems in a timely way.
Data Architect Qualification/Certification
If you are seeking to work as a data architect, you will need to have the following qualifications:
- At least a Bachelor’s degree in Computer Science, Computer Engineering, or in a relevant field. Nevertheless, most employers prefer to hire data architects with Master’s degree and at least 5 to 7 years of experience in data analysis and management. Further certification in project management may also be required depending on the employer.
- Demonstrated work experience as a Data Architect, Data Scientist, Data Analyst or similar role
- Experience gathering and analyzing system requirements
- Excellent organizational and analytical abilities
- Good written and verbal communication skills
- Strong knowledge of database structure systems and data mining
- Outstanding problem solving skills
- Attention to detail
- Data analytics knowledge
- Ability to scripting languages
- Project management experience
- Critical thinking and proven analytical skills.
Read more about data architect duties and job requirements.
Data Architect Salary
PayScale reported the median annual salary for data architects to be $112,825., which may increase according to level of experience and advanced education.
The top 10% of data architects earn as much as $153,000 per year, while bottom 10% make as little as $74,463.
Data architects are also eligible to receive extensive benefits through their employers, such as health insurance with premiums fully paid and unlimited time off. They may also receive incentive-based bonuses.
Future Job Outlook for Data Architect
According to the Bureau of Labor Statistics, a field very similar to data architect, known as database administrators will experience growth of 11% in the next decade.
The Database-as-a-service has grown popular, which only increases the need for more data architects as companies get bigger.
3. Data Warehouse Manager
Data warehouse managers engage in storage and analysis of data in facilities. They use performance and usage metrics to assess data, analyze data load, and monitor job usage.
Data Warehouse Manager Duties
The kind of duties and responsibilities commonly performed by data warehouse managers are:
- Design, apply, and oversee database management projects, making sure projects stay on time and within budget
- Watch databases to ensure they function properly and security protections are up to date
- Handle database administrators and other IT personnel in developing, maintaining, and troubleshooting data storage systems
- Help employees learn how to use new systems or features through providing information about the capabilities of database systems.
Data Warehouse Manager Qualification/Certification
To be hired for the data warehouse manager job, you will need to have the following qualities and qualifications:
- A Bachelor’s degree
- Experience with BI tools, including MS Dynamics, IBM Cogno, etc.
- MS SQL skills (including T-SQL, SSRS, SSAS and server management)
- Ability to communicate technological information to non-technological people
- Knowledge and experience with logistics, Oracle
- Knowledge of data integration from multiple different systems.
Data Warehouse Manager Salary
Glass door reported the average base pay of a data warehouse manager to be $56,315 per year. According to PayScale, data warehouse managers receive an average yearly salary of $116,945.
Future Job Outlook for Data Warehouse Manager
The opportunities in data warehouse manager’s profession are projected to growth 21 percent from 2014 to 2024.
4. Database Manager
Database managers provide database applications by developing architecture, programming, and security, and troubleshooting.
Database Manager Duties
The duties and responsibilities majorly performed by database managers are shown below:
- Gets ready for database expansion by studying plans and requirements; advising senior technical management; coordinating design and programming
- Maintains database performance by troubleshooting problems
- Keeps database results by setting and enforcing standards and controls
- Maintains senior technical management informed by preparing reports on system performance and problems
- Upgrades software and hardware by reviewing transaction processing and database production options
- Accomplishes platform upgrades and improvements by supervising system programming
- Keeps updates on job knowledge
- Carries out information systems and organization mission by completing related results as needed.
Database Manager Qualifications
The major qualities and qualifications commonly required to be hired as a database manager are shown below:
- A Bachelor’s degree
- Certification: Although certification is not required for a data management career, voluntary certification may be available. One thing that earning certification does in data management is that it helps to demonstrate professional expertise in the profession. Third-party hardware and software vendors, such as Oracle or Microsoft usually offer certifications in this field
- Skills: Data maintenance, database management, promoting process improvement, presenting technical information, database design, reporting
- Quality Focus
- Technical Understanding
- Attention to Detail
- Requirements Analysis
- 1-5 years of experience is typically required in the data management career.
Database Manager Salary
The BLS reported the median annual salary of data managers to be $81,710 as of 2015.
Future Job Outlook for Database Managers
According to the prediction by the U.S. Bureau of Labor Statistics (BLS), there would be an 11 percent national employment growth for data managers during the 2014 to 2024 decade.
5. Business Intelligence Analyst
The business intelligence analyst job entails gathering business data through a lot of various means, such as gathering data by means of mining a company’s data and looking at competitor data and industry trends.
Business Intelligence Analyst Duties
The duties and responsibilities performed by most business intelligence analyst are shown below:
- Develop and manage BI solutions
- Create and maintain documentation including requirements, design and user manuals
- Collaborate with business users
- Analyze business processes and requirements
- Identify opportunities to improve processes and strategies with technology solutions
- Provide reports, processes and Excel VBA applications through the application life cycle
- Identify development needs in order to improve and streamline operations.
Business Intelligence Analyst Qualification Requirements
If you are seeking the job of a business intelligence analyst, here are major qualification requirements you may be expected to fulfill by recruiters:
- A college degree in Computer Science, Information Technology, or Finance, or in other similar fields
- Skills and experience in data warehouse, data analysis, data modeling, data mining, database management and reporting, business intelligence, business administration, tableau and data visualization, Hadoop, SQL, Python and C#, business analysis, and Microsoft Office and Excel
- Communication skills
- Critical-thinking and problem-solving.
Read more about the business intelligence analyst duties and job requirements.
Business Intelligence Analyst Salary
The average annual salary for a business intelligence nalyst is $66,645 per year, plus a reported salary range of $48,701 to $93,243.
According to StudyCom, the median salary for a business intelligence analyst stands for $85,800 annually as of 2015.
Future Job Outlook for Business Intelligence Analyst
The Business Intelligence Analyst job was projected to grow 21 percent from 2014 to 2024.
6. Data Scientist
Data scientists are responsible for designing and constructing new processes for modeling, data mining and production.
They source information from different places and analyze it for better understanding about how the business performs, and to build AI tools that automate certain processes within the company.
Data Scientist Duties
Data scientists perform various functions, including the following:
- Data mining using state-of-the-art methods
- Expanding company’s data with third party sources of information when required
- Improving data collection procedures to include information that is relevant for building analytic systems
- Creating and constantly tracking of its performance automated anomaly detection systems
- Doing and presenting results of ad-hoc analysis in a clear manner.
Data Scientist Qualification Requirements
To work as a data scientist, you may be required to meet the following:
- At least B.Sc./B.A. in: Computer Science, Engineering, or in a relevant field. Also preferred is graduate degree in data science or other quantitative field
- Excellent understanding of machine learning techniques and algorithms, such as k-NN, Naive Bayes, SVM, Decision Forests, etc.
- Great communication skills
- Good applied statistics skills
- Strong ability to use SQL, Hive, Pig, and other query languages
- Experience with R, Weka, NumPy, MatLab, etc (depending on specific project requirements). Excellence in at least one of these is highly wanted
- Experience with NoSQL databases
- Experience with D3.js, GGplot, etc.
Data Scientist Salary
According to Glassdoor, the average salary for a data scientist is $117,345 per year. In PayScale’s report, the annual salary for a data scientist is $89,711.
Future Job Outlook for Data Scientist
Employment of data scientists is expected to grow 19% from 2016 to 2026, much faster than the average for all jobs.
7. Data Modeler
Data modelers design, implement, and document data architecture and data modeling solutions which include the use of relational, dimensional, and NoSQL databases.
Data Modeler Duties
The duties and responsibilities commonly performed by data modelers include the following:
- Translating business needs into data models supporting long-term solutions
- Creating and Maintaining Data Models
- Optimizing and updating logical and physical data models to support new and existing projects
- Recommending opportunities for reuse of data models in new environments
- Evaluating data models and physical databases for variances and discrepancies
- Validating business data objects for accuracy and completeness
- Analyzing data-related system integration challenges and proposing appropriate solutions
- Developing data models according to company standards
- Guiding System Analysts, Engineers, Programmers and others on project limitations and capabilities, performance requirements and interfaces
- Reviewing modifications to existing software to improve efficiency and performance
- Examining new application design and recommending corrections if required.
Data Modeler Qualification Requirements
The following are requirements you may be expected to meet to qualify to access the data modeler position with most recruiters:
- Proficiency in data modeling principles/methods including conceptual, logical and physical Data Models
- Knowledge of the mathematical foundations of statistical inference and forecasting such as time series analysis, multivariate analysis, cluster analysis, and optimization
- Strong inter-personal skills and ability to work as part of a team
- Ability to plainly communicate difficult technical ideas, regardless of the technical capacity of the audience
- Qualification: Bachelor’s or Master’s degree in Computer/Data Science Technical or in a related field
- Experience in team management, communication, and presentation
- Experience with Data Lake, data warehouse, and enterprise big data platforms in multi-data-center contexts required
- 5+ years of hands-on relational, dimensional, and/or analytic experience (using RDBMS, dimensional, NoSQL data platform technologies, and ETL and data ingestion protocols).
Data Modeler Salary
In May 2018, the median salary for a data modeler was $88,740 according to the U.S. Bureau of Labor Statistics (BLS).
Future Job Outlook for Data Modelers
According to the U.S. Bureau of Labor Statistics (BLS), the data modeler job is projected to grow 9 percent from 2016 to 2026.
8. Database Developer
Database developers are responsible for the performance, integrity and security of databases, as well as plan, develop and troubleshoot databases.
Database Developer Duties
The duties and responsibilities commonly performed by database developers include the following:
- Design stable, reliable, and effective databases
- Adjust databases according to requests and perform tests
- Solve database usage issues and malfunctions
- Make sure all database programs meet company and performance requirements
- Examine and suggest new database products, services, and protocols
- Provide data management support to users
- Communicate with developers to improve applications and establish best practices
- Optimize and maintain legacy systems
- Gather user requirements and identify new features
- Develop technical and training manuals.
Database Developer Qualification Requirements
If you are seeking to work as a database developer, here are major requirements recruiters may expect you to fulfill:
- In-depth understanding of data management (e.g. permissions, recovery, security, and monitoring)
- Expertise in software development and user interface web applications
- Excellent analytical and organization skills
- Excellent verbal and written communication skills
- Critical thinker and problem-solving skills
- Team player
- Good time-management skills
- Great interpersonal skills
- Proven work experience as a Database developer
- Hands on experience with SQL
- B.Sc. degree in Computer Science or relevant field required.
Read more about database developer duties and job requirements.
Database Developer Salary
The median annual salary for database developers includes $81,710 in the United States, with the top 10% earning $17,080 and the bottom 10% earning $45,460.
Database developers in New Jersey earned the highest annual median salary of $105,450, with those in the District of Columbia ($99,370) and California ($94,510) coming in second and third.
Future Job Outlook for Database Developers
According to the U.S. Bureau of Labor Statistics, employment of database developers is projected to grow 11% from 2016 to 2026.
The increased data needs of companies across the economy will drive growth in this profession.
9. Database Administrator
Database administrators work with technology, using specialized kinds of software to store and organize a company’s data.
Database Administrator Duties
Database administrators perform the following duties and responsibilities:
- Having both front-end and back-end users in mind while designing databases
- Making sure that the database has a strong back-up and is able to be recovered in the event of memory loss
- Protecting the database against threats or unauthorized access
- Monitoring system performance and identifying problems that arise
- Responding in a timely approach to user-reported errors
- Reporting on metrics regarding usage and performance
- Providing useful suggestions on relevant changes and improvements to be made to ensure maintenance or protection
- Regularly liaising with IT project managers and database programmers
- Qualification: Database administrators must have at least a four-year college degree in a related field, as well as relevant experience. The profession requires a Bachelor’s degree in Computer Science or Information Technology
- Certification: The database administrator’s career requires advanced education and certifications. Gaining a certification specializing in different database management system is not required, but very useful
- Skills: Communication, Analytical, and problem-solving skills
- Detail oriented
- Experience: In addition to educational requirements, a lot of employers require 3 to 4 years of database experience.
Read more about database administrator duties and job requirements.
Database Administrator Salary
A database administrator’s salary differs based on the level of experience, education, and certifications, as well as the area of expertise and other factors.
According to the U.S. Bureau of Labor Statistics, the median annual salary for a database administrator includes $90,070, and $43.3 per hour.
Top 10 percent annual salary stands for more than $138,320 and $66.5 per hour; while bottom 10 percent annual salary for the profession is less than $50,340 and $24.2 per hour.
Future Job Outlook for Database Administrators
Opportunities for database administrators are likely to grow by 11% from 2016 to 2026, faster than the 7% expected average growth for all occupations, according to the Bureau of Labor Statistics.
The trend for decision making in most organizations to become progressively more data-driven has been raised by demand.
The growth of cloud computing as a storage option for organizations has also supported increased demand for database professionals.
From 2016 to 2026, demand is expected to increase by 20 percent in the computer systems design and related services industry.
10. Data Analyst
Your job as a data analyst includes interpreting data and turning it into information which can be used to improve business.
Data Analyst Duties
Data analysts mostly perform the following duties and responsibilities:
- Collecting and interpreting data
- Analyzing results
- Reporting the outcomes back to the pertinent members of the business
- Identifying patterns and trends in data sets
- Defining new data collection and analysis processes
- Working together with teams within the business or the management team to establish business needs.
Data Analyst Qualification Requirements
To work as a data analyst, recruiters may want you to meet the following requirements:
- A degree in Computer Science, Economics, or Math, or Statistics
- Strong verbal and written communication skills
- An analytical mind and inclination for problem-solving
- Attention to detail
- Ability to analyze large datasets
- Ability to write comprehensive reports
- Experience in data models and reporting packages.
Read more about the data analyst duties and job requirements.
Data Analyst Salary
According to PayScale, the average data analyst salary is $59,335 per year, and the average hourly rate in this job is $20.41.
Data analysts also receive $3,875 bonus, $4,500 commission, and $2,324 profit sharing.
Future Job Outlook for Data Analysts
Data science and analytics (DSA) job openings are projected to grow to 2.7 million by 2020, representing a $187 billion market opportunity.