Companies in all industries need business analytics skilled professionals. The Bureau of Labor Statistics estimates the need for business analysts to grow 14 percent from 2016 to 2026 as companies seek to improve efficiency and control costs with analytics.
According to the Bureau of Labor Statistics, management analysts (a common job title for business analytics roles) held approximately 876,300 jobs in 2019. The median annual wage for management analysts was $85,260 in May 2019. The lowest 10 percent earned less than $49,700, and the highest 10 percent earned more than $154,310.
The largest employers of management analysts included:
- Professional, scientific, and technical services: 32%
- Government: 17%
- Self-employed workers: 15%
- Finance and insurance: 12%
- Management of companies and enterprises: 5%
- Other: 19%