Business Analyst Salary Arizona
Business Analyst Salary Arizona – The best way to solve any problem is by collecting all possible data. Finding a data analyst job is no different. Whether it is completing a data analyst course or moving to a new location, knowledge is going to make the process easier and help you achieve success.
Regardless of how the world may change, the need for data has never diminished, and the job outlook for data analysts in the United States remains strong. The Bureau of Labor and Statistics forecasts growth in the sector to be 18% by 2029, which is four times faster than all other industries in the country. While a strong national outlook is good, it is also important to know where the job market is strongest in the United States and what it will cost you to live in those areas.
Business Analyst Salary Arizona
Although the BLS provides data for the nation, there are some cities or counties that will buck the trend for their state. The overall salary may be lower in some states, but it is possible to find a city that pays slightly better. The same goes for the cost of living (COL). While a particular state may have a high COL, there are areas that can be quite affordable. Anyone who can find a job that allows them to work remotely for a while or has a decent commute can stretch their dollars further.
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– A strong sector for analyst jobs, mostly in the lower part of the sector. There is less work in Maine, Vermont and Rhode Island. Go down to New York, New Jersey, Pennsylvania, Virginia, Maryland, the District of Columbia and Massachusetts, and the work is much more plentiful.
Vermont jobs are the only really low places in this area of the country. The rest of the sector averages $60K or more. Even some states with low employment still manage to pay decent wages to the employees. The BLS list of the five highest paying states is completely occupied by the northeastern states.
– Excluding the West Coast and Hawaii, it is the most expensive region in the United States. No state ranks in the top 10 least expensive places in the region and seven in the top 10 most expensive places, with the remainder, not far behind.
– Florida, North Carolina and Georgia lead the pack in the south. With the exception of West Virginia, the rest of the region is also a solid place to find jobs.
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– While the job market is solid, the highest salaries are not always there. No state is placed in the highest tier of BLS salary data, which is $72K and above. West Virginia, Mississippi and Louisiana have the lowest wages. The rest of the region falls in the $58K-$72K range.
Low salaries may not be entirely negative for analysts seeking jobs in the field. Five states are in the top 10 least expensive states, and the overall COL is below the national average for all the southern states.
– Illinois and Ohio are the states with the most employment and the Dakota the least. There is a good mix of employment in the rest of the Midwest. Nationwide, Illinois Ranks 5
– Like the South, the Midwest is also a region that tends to have lower wages. Minnesota is by far the leader in wages in the region, with North Dakota and Nebraska sitting at the bottom of the spectrum. The rest of the field falls in the middle of the pack, offering solid pay.
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Three states — Missouri, Michigan and Kansas — all rank in the top 10 least expensive places to live. This is a region, like the South, where the cost of living in most of the region is well below the national average. With the salary that is still in a good range, this can be a good option to consider for a data analyst career.
Colorado and Texas are the top states to hire data analysts. These two states are not only growing in the region, but along with Arizona, they are also gaining strength in the United States. Texas ranks fourth
In BLS list of top states for employment. Montana, Wyoming and New Mexico are the states that employ the least amount of data scientists.
– Again, payment for this area is headed by Colorado and Texas. Wyoming and New Mexico pay the lowest of these states and the rest of the region is only slightly better.
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Top 10 least expensive places to live. Wyoming is also one of the best places when low cost is a priority. Texas’ COL is below the national average, and Colorado’s is slightly above. The rest of the area is quite affordable.
This is an area where any state located on the coast provides a good amount of jobs for data analysts. The further inland you go, the fewer jobs there will be. Washington and California are the top two in the region, and California is the top employer in the country by a wide margin.
– Like employment, moving to Nevada, Montana and Utah offers high salaries along the coast. The metropolitan areas of California and Washington occupy five of the top six places with the highest salaries.
The downside of the West Coast is that while it pays the highest salaries, the COL is well above the national average, especially in California and Oregon. Washington isn’t far behind, and Utah is the only state that ranks below the national average.
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– Alaska offers a decent salary to data analysts, and Hawaii also has one of the lowest paid in the country.
– Nowhere in the United States is more expensive than in Hawaii, the COL is nearly twice the national average and housing costs three times as much. Alaska isn’t much better, ranking as the sixth most expensive state in the country. A person working as a banking business analyst in the United States typically earns around USD 107,000 per year. Salaries range from USD 50,400 (lowest) to USD 169,000 (highest).
This is the average annual salary including accommodation, transportation and other benefits. Banking business analyst salaries vary greatly depending on experience, skills, gender or location. Below you’ll find a detailed breakdown based on several different criteria.
Both are indicators. If your salary is both above average and above average then you are doing very well. If your salary is less than both, then many people are earning more than you and there is a lot of room for improvement. If your salary is between average and average, things can get a little complicated. We wrote a guide to explain all about the different scenarios. How to Compare Your Salaries
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The level of experience is the most important factor in determining salary. Naturally the more years of experience you have, the higher your salary will be. We broke down Banking Business Analyst salaries by experience level and this is what we found.
Whereas someone with an experience level of two to five years is expected to earn USD 80,100 per year, which is 38% higher than someone with less than two years of experience.
Moving on, an experience level between five and ten years earns a salary of USD 114,000 per year, which is 42% higher than a person with two to five years of experience.
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“On an average, a person’s salary becomes twice his starting salary, by the time he crosses the 10-year experience mark. ,
Additionally, banking business analyst(s) whose expertise spans anywhere between ten and fifteen years earns a salary equivalent to USD 139,000 per year, which is 22% compared to someone with five to ten years of experience. is more.
If the level of experience is between fifteen and twenty years, the expected salary is 147,000 USD per year, which is 6% higher than a person with ten to fifteen years of experience.
Finally, employees with more than twenty years of professional experience receive a salary of USD 1,60,000 per year, 9% higher than those with fifteen to twenty years of experience.
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Banking Business Analyst Salary Comparison How does education level affect salary by education? Displayed below is the average salary difference between different banking business analysts who have similar experience but different education levels.
We all know that higher education equals a big salary, but how much more money can a degree add to your income? We broke down Banking Business Analyst salaries by education level for the sake of comparison.
When the level of education is a bachelor’s degree, the average salary of a banking business analyst is USD 80,100 per year.
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