Yes, the business analyst career is lucrative and rewarding. But more importantly, it’s a great entry point for various other business, finance, or data science positions.
Business analysts are crucial for helping organizations improve processes, make data-driven decisions, and implement effective strategies. The role provides a versatile skill set that is valuable in many fields, making it both a stable and rewarding career. The U.S. Bureau of Labor Statistics predicts significant job growth in various business analyst-related positions, such as market research analyst (13%), financial analyst (8%), and management analyst (10%) from 2022 to 2032.
According to Glassdoor, the average annual business analyst salary in the US in 2024 is over $126,000. This is an excellent stepping stone to higher-paying business, finance, or data science roles.
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