Business intelligence uses data science, services, and technologies to convert raw data into valuable insights. In the past few years, companies have become increasingly reliant on data. Data-driven decision-making helps them mitigate risks and consider multiple factors at once. Business intelligence has become an integral part of modern-day business, and hence, the demand for business intelligence (BI) professionals has risen substantially.
Today, we’ll cover the average salaries of various business intelligence roles. You’ll find how lucrative this industry is as we’ll discuss the average business intelligence salary for analysts and managers.
What is the Average Business Intelligence Analyst Salary?
According to Indeed, the average salary of a business intelligence analyst in the US is $92,483 per annum, while the average cash bonus for this role is $5,000. Benefits that are most common with this role are 401(k), provided food, vision insurance, and a health savings account.
Pay for this role depends mainly on your skills and the organization you work in. Earning a six-figure salary as a business intelligence analyst is very easy as many companies offer six-figure pay in this sector. Companies that offer the highest average salaries for this role include DTE Energy, Uline, Credit Karma, and Twitter.
Uline offers an average salary of $184k per annum to its business intelligence analysts. Similarly, the average business intelligence salary at Credit Karma is $162k per annum, whereas, at DTE Energy, this number is $148k per year. Twitter offers an average business intelligence salary of $127k per annum. As you can see, many companies provide lucrative salaries for this role.
In terms of location, cities that offer the highest salaries for this role are Seattle, Washington, San Francisco, California, San Antonio, Texas, and Austin, Texas. The average salary of business intelligence analysts at Seattle, Washington is $109k per year, while at San Francisco, California is $108k per annum. In San Antonio, the average pay for this role is $105k per annum.
The most beneficial skill to have in this role is Node.js, as business intelligence analysts with this skill earn 91.37% more than the average. Moreover, jobs with demand for this skill have increased by 120% since 2018. Other skills that offer higher salaries for this role include data warehousing (16.5% more than the average), database development (47.5% more than the average), and requirements gathering (52% more than the average).
What is the average Senior Business Intelligence Analyst Salary?
As you gain significant experience as a business intelligence analyst, you can become a senior business intelligence analyst. The average senior business intelligence analyst salary in the US is $109k per annum. The median cash bonus you can expect to earn in this role is $7,000 per annum.
You can also expect to get an on-site gym, provided food, referral program, stock options, relocation assistance, and other benefits in this role.
Your pay in this role would also depend largely on the organization you work in. Companies and organizations that pay the highest salaries to senior business intelligence analysts are USAA, McKesson, Spectrum, and Alameda Alliance. At McKesson, the average senior business intelligence analyst salary is $115k per annum and at Spectrum, this figure is $125k per annum.
At USAA, the average income of a senior business intelligence analyst is $142k per annum. Similarly, Alameda Alliance offers an average pay of $125k per annum for this role.
Pay for this role also depends heavily on the location you work in. The living costs vary from city to city as every city has a different economy and market. The taxes and regulations of a state also affect how much a professional can expect to earn there.
New York offers the highest average pay for this role. The average income of a senior BI analyst in New York is $150k per annum. On the other hand, senior business intelligence analysts earn $129k per annum in Bellevue, WA. Austin, Texas offers a median income of $127k per annum to senior business intelligence analysts. Santa Clara offers an average pay of $145k per annum to these professionals.
What is the Average Business Intelligence Manager Salary?
The average business intelligence manager salary in the US is $87,954 per year, and the average shared profits that come with this role are $15,000. The most prevalent benefits for business intelligence managers are paid housing, parental leave, stock options, gym membership, and paid jury duty.
While most BI managers work in tech and data analytics companies, the demand for this role is steadily increasing in various sectors as companies become more data-driven. Companies that pay the highest salaries in this field are Cisco, Kroll Inc., Spectrum, and Verizon.
At Kroll Inc., the average business intelligence manager salary is $164k per annum, while at Verizon, this number is $124k per annum. At Spectrum, the average pay for this profession is $117k per annum, and at Cisco, the average income of business intelligence managers is $136k per annum.
The pay of business intelligence managers also varies from city to city. Cities that offer the most attractive pay for this role are Washington DC, San Jose, Atlanta, and Los Angeles. BI managers earn an average salary of $144k per annum in San Jose. In Washington DC, the average income of business intelligence managers is $137k per annum. In Atlanta, the average salary of business intelligence managers is $129k per annum.
How to Pursue a Career in this field?
Business intelligence is one of the most lucrative sectors you can enter. As you must have seen, various roles in this profession offer six-figure salaries on average. You can easily bag a high-paying role in business intelligence if you have the necessary skills and expertise. Developing the right skill set will not only help you earn more but will also help you accelerate your career growth.
If you want to become a business intelligence professional, we recommend joining our Master of Science in Data Science program. upGrad offers this program with Liverpool John Moores University. It’s a completely online program that offers six unique specializations to choose from. You can select the specialization according to your career interests and background. On top of that, you will also receive an Executive PG Program in Data Science from IIIT B with a specialization.
The program offers unlimited 1:1 career counseling sessions and mock interviews with hiring managers to help you kickstart your business intelligence career quickly. Student support is also available from 9 am to 9 pm IST via email or the Call Back feature.
More about the Course:
The Master of Science in Data Science program offers 500+ hours of study material and 60+ case studies and projects. The case studies will help you test your knowledge of the concepts you studied in the course and determine your strengths and weaknesses. In addition, the program offers 20+ live sessions and teaches you 14+ tools and software.
You also get six unique specializations to choose from:
- Data engineering
- Business analytics
- Business intelligence/data analytics
- Natural learning processing
- Deep learning
- Data science generalist
Along with these benefits, the program also offers access to a career essential soft skills program and a complimentary python programming boot camp. So you can easily transition into tech roles by developing the fundamental skills and aptitude. There will also be fortnightly group mentorship sessions with industry mentors to help you resolve doubts and become better accustomed to the subjects.
You only need to have a bachelor’s degree with a minimum of 50% or equivalent passing marks. The program doesn’t require any coding experience.
Business intelligence is one of the many ways companies are using data to improve their productivity, marketing strategies, and growth plans. From finance to manufacturing, organizations in various industries are utilizing this technology. We recommend checking out the Master of Science in Data Science course if you’re interested in pursuing a career in this field.