If you’re considering a career as a business intelligence analyst, you might be curious about the business analyst salary. A business intelligence analyst, also referred to as a BI analyst, utilizes data and other information to help businesses in making effective business decisions. Hence, The Business Intelligence Analyst Salary ranges from $84,858 to $139,24 in Canada.
Therefore, if you are willing to become a Business Intelligence Analyst in Canada. Then, understanding Business Intelligence Analyst salary is not only important for career planning, but it also provides helpful information about the sector’s pay structure.
Make sure to check: Remote Business Analyst Jobs: Get Hired Instantly!
Business Intelligence Analysts: What are They?
A business intelligence analyst conducts data analysis in order to provide financial and market intelligence reports. Hence, these reports identify patterns and trends in a particular sector that could have an impact on an organization’s activities and objectives.
Business Intelligence Analyst Salary
The average Business Intelligence Analyst Salary is around $80,979 per year or $59.13 per hour in Canada. While the senior business intelligence analyst salary is around $85,995 per year or $37.16 per hour.
Canadian’s Cities with The Highest Business Intelligence Analyst Salary
Therefore, here the list of Business Intelligence Analyst Salary by provinces:
S. No. | Provinces | Average Salary(per year) |
1. | Toronto, ON | $108,525 |
2. | Edmonton, AB | $88,929 |
3. | Mississauga, ON | $84,006 |
4. | Greater Napanee, ON | $83,905 |
5. | Ottawa, ON | $82,369 |
6. | Montreal, QC | $82,295 |
7. | Thornhill, ON | $82,000 |
8. | Calgary, AB | $75,157 |
9. | Vancouver, BC | $60,089 |
Roles & Responsibility of Business Intelligence Analyst
Business Intelligence Analyst salary also depends on how many roles and responsibilities they hold. Hence, the key roles and responsibilities of business intelligence analyst are:
- Gathering and evaluating organizational data, such as financial, employment, expenses, and revenue reports
- Organizing information about reported issues and offering solutions to improve process efficiency and system performance
- Conducting cost-benefit analysis on projects with the objective of improving the organization’s performance
- Creating improvements while working with management and team members
- Evaluating the impact of implemented strategies
- Working with teams to determine the resources, individuals, equipment, and facilities that necessary
- To identify strategic goals, consult with the appropriate stakeholders and management
- Developing interactive reports and presentations to effectively communicate facts to a variety of audiences
Skills Required for a Career as a Business Intelligence Analyst
Individuals who want to be a business intelligence analyst will need a diverse set of skills, including interpersonal skills, analytical skills, and technological skills. Therefore, the following are common skills for business intelligence analysts:
- Understanding of the program and methodology for data collecting
- Knowledge of integrating software and programs into data services
- Knowledge of data modeling principles, data extraction techniques, and data storage layout
- With expertise in SQL, Python, Tableau, and Hadoop
- Knowledge of business administration and database management
- Outstanding problem-solving and critical thinking skills
- Excellent communication skills, both in writing and speaking
- Strong familiarity with data protection and privacy laws
What can we expect in the future for business intelligence analysts?
Future of business intelligence analysts: The demand for business intelligence analysts is rising rapidly. By 2027, the demand for business intelligence analysts is anticipated to increase by 23%.
Therefore, the future of business intelligence analysts is very bright in Canada. If you have the appropriate skills, expertise, and enthusiasm for problem-solving, you will be able to stand out in this competitive yet growing job market.
You may also check: PMP Certification Edmonton: The Most In-Demand Course in 2023
Frequently Asked Questions
1. Are Business Intelligence Analysts in high demand?
ANS: Business Intelligence Analysts are in high demand due to the need for good analytical skills in almost all businesses.
2. Is it possible to enhance your career in business intelligence analysts?
ANS: Yes, there are numerous opportunities for improvement in business intelligence analysis. With experience and new skills, you can advance to higher-paying positions.
3. How does location affect Business Analyst salaries?
ANS: Regions with strong demand for Business Analysts, particularly in tech or finance hubs, often pay more. High-cost cities generally offer higher compensation to offset expenses. If you are living or working in high-tech cities, then you will get a hike in salary according to high wages.
4. What is the average salary of business intelligence analysts in Canada?
ANS: The average salary of business intelligence analysts is around $80,979 per year in Canada.
5. What is the role of a business intelligence analyst?
ANS: A BI analyst evaluating large amounts of data within an organization in order to make suggestions for business growth and improvement.