Business Planning Analyst Salary
Business analysts are often essential to the success of an organization. These experts scrutinize aspects of companies, including the function of their various departments, information systems, money and time management, and interpret the data in order to advise managers and executives on how the company can become more efficient and profitable. The salary of a business planning analyst depends on his area of expertise, the industry he works in and his location.
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Management Analysts
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Management analysts assist business executives with improving their overall business structure. The average salary of a management analyst was $84,650 as of May 2009, according to the Bureau of Labor Statistics. Salaries ranged from $42,550 in the 10th percentile to $134,820 in the 90th percentile, with $75,250 as the median income.
Management Analysts: Industry and Location
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Most management analysts worked in the industry of management, scientific and technical consulting services in 2009, according to the bureau, where they earned an average salary of $97,100 annually. Analysts working for the federal executive branch earned an average of $84,280, and the state government employed these analysts for an average salary of $56,340. In the management of companies and enterprises, the average annual wage of this type of business planning analyst was $82,030. Massachusetts was the top paying state with a salary average of $100,310, followed by Georgia at $96,260.
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Operations Research Analysts
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The method used by operations research analysts was first used by the military and involves applying mathematical modeling methods in order to interpret data in a way that will provide businesses with ideas on how to improve policy formulation and management. Operations research analysts earned an average income of $75,370 as of May 2009, according to the bureau. In the 10th percentile the annual wage was $40,030, in the 90th percentile the wage was $119,140 and the median salary was $70,070.
Operations Research Analysts: Industry and Location
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In the industry of management, scientific and technical consulting services, operations research analysts earned an average salary of $83,690 annually, according to the bureau. Those working in the management of companies and enterprises earned less at an average of $73,580, while the federal executive branch offered higher than average wages at $105,710. Virginia was the top paying state for this type of business planning analyst at an average salary of $103,140, followed by New York at $94,450.
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References
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