This article will tell you how much you can expect to earn as a business intelligence analyst. Below you will find the average pay and job growth for this career, along with career paths. These statistics will help you estimate your worth. To get a sense of what your peers in the field make, you can also use our salary data. You can read this article to find out how much your colleagues make.
The average salary for a business intelligence analyst
Business Intelligence Analysts can earn a range of salaries depending on where they live and their experience. The Bureau of Labor Statistics, along with the National Compensation Survey (NCES), publish data about experience levels. These factors can vary depending on the job title but they all play a role in the calculation for compensation. Experience levels can be measured using factors like knowledge, complexity, contacts and the environment. Facebook and Bank of the West are the top-paying companies.
The demand for business intelligence analysts is growing in a variety of industries. These analysts combine technical knowledge with an understanding of business concepts. This allows business owners to use the analysts to make better decisions and increase their profits. As technology becomes more important, the demand for these professionals will rise. High salaries and job security are two of the most common benefits. Depending on education and experience, a BI analyst may be able to pivot their career in other areas.
A BI analyst must be knowledgeable in finance and business to properly analyze data and formulate recommendations. A BI analyst must also have excellent communication skills. An analyst must be able to synthesize data analysis results and communicate their findings in a clear and concise manner. A global work environment is a plus. For those who are interested in this profession, a degree in data visualization or database design will make a great career choice.
Job growth of business intelligence analysts from 2019 to 2029
According to U.S. Bureau of Labor Statistics business intelligence analysts' job growth will average 11 percent over ten years. The demand for business intelligence analysts will rise across many industries. They offer insights that are based upon data and help companies stay competitive. They are highly valued and sought after. The following chart displays the expected job growth in business intelligence analysts over the next 2029.
The career outlook for business intelligence analysts is excellent. Many opportunities exist for entry-level analysts. Entry-level positions often require applicants to have specialized software and training. Training is ongoing. Most seasoned analysts attend conferences and pursue certifications to stay abreast of new trends. Your job duties include creating dashboards and writing reports. Some companies also require supervisory experience.
The job scope of this position is expanding, as organizations increasingly face challenges with tracking and analyzing big data. Currently, 97.2% of organizations invest in artificial intelligence and data analytics to solve these challenges. Business intelligence analysts use large amounts of data to make business decisions that benefit the organization. Consequently, they play a critical role across a wide variety of industries. The career has many growth opportunities.
Business intelligence analysts can pursue a career as a business analyst.
There are many options for business intelligence analysts if you are interested. Some companies will hire candidates with relevant work experience, while others can obtain a bachelor's. You can also specialize as a business intelligence analyst in areas like healthcare analytics. Some jobs require a master's or more experience, while others may only require two years. You might consider a career as a business intelligence professional if you are passionate about big data analysis.
BI analysts are often employed in organizations with different amounts of data. They have the primary task of understanding these data sets and using their analysis to improve company's bottom lines. Data visualization is a crucial skill in this industry. It allows users to see trends and gain general insights. Effective visualizations require the ability to understand and use different chart types. Aside from being knowledgeable in the data sets, business intelligence analysts often have a solid understanding of the industry and how it affects the company.
You should have a bachelor's in a relevant field to be able to work as a business analyst. All fields relevant to the role as business intelligence analysts include data science and mathematics. For many potential employers, this is a crucial field to have job experience. Internships can be a great place start. Internships can be applied to with companies, which will give you valuable experience in the real world before you apply for a job.
FAQ
How can I get certified in cyber security?
The certifications in cyber security are essential for anyone working in the IT industry. CompTIA Security+ (1) Microsoft Certified Solutions Associate – Security(2) and Cisco CCNA Security Certification(3) are the most well-known courses. These courses are widely recognized by employers, and they provide a great foundation for building on. There are other options as well, such as Oracle Certified Professional – Java SE 7 Programmer (4), IBM Information Systems Security Foundation (5) or SANS GIAC (6).
The decision is yours. But make sure that you understand what you're doing.
What's the best job in IT?
What is important to you in a career? How much money, job stability, flexibility, etc.
Information technology consultants are a great way to get around while earning a decent salary. An entry-level position will require at least two years' experience. Additionally, you will need to pass CompTIA's A+ exam (or an equivalent) or the Cisco Networking Academy exam.
It is possible to also become an application developer. This job might not be available if you are just starting in Information Technology. It is possible to achieve it if one works hard.
You might also be interested in becoming a web designer. This is another popular option, as many people believe that they can learn how to design websites online. However, web design requires lots of practice and training. It can take many months to master the art of web page design.
The other reason why most people choose this profession is that it offers great job security. It's not necessary to worry about losing your job if the company closes down a branch.
But what about the negatives? First, you need strong computer skills. Second, you should expect long hours and low pay. Finally, it is possible to end up doing work you hate.
How long is a Cyber Security Course?
Cybersecurity courses usually last six to twelve weeks depending on the amount of time you have. If you are looking for a short-term course you may be interested in an online one such as University of East London’s Cyber Security Certificate Program. The program meets three days per week and lasts four consecutive weeks. Alternatively, if you have several months free on your hands, then why not take advantage of the full-time immersive version of the program? These classes include lectures, assignments, discussions, and group meetings that are all intended to give you a solid understanding of cybersecurity. Everything is covered by the tuition fee, including accommodation, meals as well as textbooks and IT equipment. This makes it very affordable. Students learn the basics of cybersecurity, as well as practical skills like penetration testing, ethical hacking and incident response. A certificate is also awarded to students upon successful completion. Students are able to get started in cybersecurity careers. Hundreds of students have also been able secure jobs after completing the program.
A shorter course can be finished in two years. That's the best part. Long-term training will require more effort, however. While you will be spending most of your time learning, you will also need to attend classes regularly. A longer course will also cover topics like vulnerability assessment, digital forensics, encryption, malware, and mobile device management. If you choose to take this route, you'll need to devote up to six hours per day to your studies. Also, you will need to make a commitment to attend scheduled meetings both in person as well online via platforms like Skype and Google Hangouts. Depending on your location, these may be compulsory.
The duration of the course will depend on whether it is a full-time, part-time, or hybrid program. Part-time programs tend to run for fewer weeks, so you might only see half of the curriculum. Full-time programs will require more intensive instruction so you might see less over the course of several semesters. Whatever your choice, make sure your course has flexible scheduling options that allow you to fit it in your busy schedule.
Can I learn IT online
Yes, absolutely! There are plenty of sites that offer courses that you can complete online. These courses are typically shorter than regular college classes and usually last for one week.
This means you can easily fit the program around your work schedule. The majority of the time, the whole program can be completed in a matter of weeks.
The course can be completed even while you travel. All you need to do is have a computer or tablet with internet access.
There are two main reasons students choose online education. First, students who work full-time want to continue their education. It's nearly impossible to decide which subject you want to study, given the number of options available.
What should I be looking for when selecting a cyber-security course?
There are many different types of courses in cyber security, from short courses all the way to full-time programs. So what should you look for when deciding which one to enroll in? Here are some things to think about:
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What level of certification are you interested in? Some courses award certificates upon completion. Others offer diplomas and degrees. While certificates can be more difficult to obtain, degrees and diplomas are generally more desirable.
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What number of weeks/months are you able to dedicate to the course? Courses usually last around 6-12 week, but some courses can take longer.
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Do you prefer face-to-face interaction or distance learning? While face-to-face classes are great for meeting other students, they can also be costly. Distance learning allows you the freedom to work at your pace and avoids travel costs.
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Are you looking for a job change? Or just a refresher course? For career changers, who may already be working in a different field, a brief course can help to refresh their skills and knowledge. Others may be looking for a refresher course before applying to a new job.
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Is the course accredited Accreditation guarantees that a course can be trusted and is reliable. Accreditation ensures you won’t waste your money and time on courses that don’t deliver the results that you are looking for.
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Do the internships or placements part of the course? Internships allow you to apply what you've learned during the class and get real-world experience working with IT professionals. You will have the opportunity to work with cybersecurity professionals and gain valuable experience.
Is it worth the Google IT certificate?
Google IT certification (recognized by the industry) is a credential for web designers and developers. It shows employers you are ready to tackle technical challenges at large.
Google IT certification can be a great way of demonstrating your skills and proving your dedication to excellence.
Google will also give you access to exclusive content, such updates to our developer documentation or answers to commonly asked questions.
Google IT certifications will be available online as well offline.
Statistics
- The top five regions contributing to the growth of IT professionals are North America, Western Europe, APJ, MEA, and Central/Eastern Europe (cee.com).
- The global information technology industry was valued at $4.8 trillion in 2020 and is expected to reach $5.2 trillion in 2021 (comptia.org).
- The number of IT certifications available on the job market is growing rapidly. According to an analysis conducted by CertifyIT, there were more than 2,000 different IT certifications available in 2017,
- The median annual salary of computer and information technology jobs in the US is $88,240, well above the national average of $39,810 (bls.gov).
- The global IoT market is expected to reach a value of USD 1,386.06 billion by 2026 from USD 761.4 billion in 2020 at a CAGR of 10.53% during the period 2021-2026 (globenewswire.com).
- The IT occupation with the highest annual median salary is that of computer and information research scientists at $122,840, followed by computer network architects ($112,690), software developers ($107,510), information security analysts ($99,730), and database administrators ($93,750) (bls.gov).
External Links
How To
How can I get started in cyber security?
Hacking is a term that many people who have worked in computer technology for a long time are familiar with. However, they may not know what exactly this means.
Hacking refers primarily to the use of viruses, trojans or spyware to gain unauthorised access computers, networks and other systems.
Cybersecurity is now a major industry that offers ways to defend against attacks.
Understanding how hackers work is key to understanding how to keep yourself safe online. To help you begin your journey toward becoming more informed about cybercrime, we've compiled some information here:
What is Cyber Security?
Cyber security refers to protecting computers against external threats. Hackers could gain access to your files, money, and other sensitive information.
There are two types of cybersecurity: Computer Forensics and Computer Incident Response Teams (CIRT).
Computer forensics is the process of analyzing a computer following a cyberattack. It's done by experts who search for evidence that will lead them to the attacker responsible. Computers are analyzed for signs of tampering or damage caused by malware or viruses.
CIRT, the second type in cybersecurity, is also available. CIRT teams collaborate to respond to computer-related incidents. They use their experience to find and stop attackers before they cause significant harm.