Average Analytics Manager Salary by State

An analytics manager uses advanced analytical and mathematical methods to assist organizations in solving problems and making better business decisions. Some of the duties of analytic managers include: (BLS.gov)

  • Pinpoint and solve problems in business, logistics, healthcare, and other industries.
  • Collect and organize business data and information from computer databases, sales histories, and feedback from customers.
  • Collect input from employees involved in all areas of a business problem or from people who are subject matter experts so they can solve the problem.
  • Analyze information to determine what is relevant to the business problem and what analytical methods can be used to study the issue.
  • Utilize statistical analysis, predictive modeling, simulations, and other methods to analyze business information and devise practical solutions to modern business problems.
  • Advise stakeholders, such as managers and executives, on the effects of taking various courses of action to address a business problem.

Analytics managers help companies to determine the best ways to allocate resources, devise production schedules, manage the company supply chain, establish prices, and more.

These professionals must first be able to identify and understand the business problem or the processes that need improvement. Analytics managers usually collect large amounts of data from company databases for analysis. They also collect data from the field and may talk to managers or clients that are involved in the business process being improved.

Analytics managers use advanced computer software, including statistical packages and databases, to analyze and solve business and supply chain problems. Statistical software is used to simulate current or future events and determine the best course of action.

If you have an analytical mind and enjoy data and statistics, you may want to obtain a degree in data analytics or data science. Below is valuable information about the salary potential for analytics managers from several official sources.

Analytics Manager Salary Outlook

If you want to become an analytics manager, obtaining a degree in business, finance or even a master’s in business or data analytics degree or a related discipline is generally required.

SEE ALSO: Best Online Master’s in Business Analytics Degree Rankings

Bureau of Labor Statistics (BLS)

The Bureau of Labor Statistics reports that the median annual salary for an operations research analyst (related to analytics manager) is $83,390. The lowest 10% earned less than $46,800 and the top 10% earned more than $136,250. (BLS.gov). Top industries in this field in 2018 for salary were:

  • Federal government: $113,920
  • Manufacturing: $92,170
  • Professional, scientific, and technical services: $86,720
  • Management of companies and enterprises: $85,200
  • Finance and insurance: $82,300

Payscale.com

Payscale.com reports the average analytics manager salary is $94,707 with a range between $67,000 and $126,000. (Payscale.com). These companies reported the following salaries for analytics managers:

  • JP Morgan and Chase: $109,000
  • Accenture: $117,000
  • Avalara: $100,000
  • Synchrony Financial: $82,000
  • Expedia: $110,000

Popular skills for analytics managers and salaries are:

  • Data analysis: $93,700
  • SQL: $98,300
  • Business intelligence: $97,888
  • Microsoft Excel: $86,585
  • Business analysis: $94,600

Pay for analytics managers varies by experience, according to Payscale.com:

  • Less than one year of experience: $72,900
  • One to four years of experience: $85,500
  • Five to nine years of experience: $98,100
  • Ten to 19 years of experience: $106,300
  • More than 20 years of experience: $116,300

Your salary also can change based on your geographic location in the US:

  • San Francisco: +27%
  • Seattle: +10%
  • Dallas: +6%
  • Atlanta: -1%
  • New York City: -2%
  • Chicago: -2%
  • Philidelphia: -4%

Linkedin.com

Linkedin.com reports the average base salary for analytics managers is $108,000 with a range between $75,000 and $150,000. This information is based on 2,260 salaries that were reported by Linkedin members who are analytics managers.

Also, 61% of respondents said they receive an average annual bonus of $12,000 per year with a range between $5,000 and $27,000.

Approximately 5% of respondents received a signing bonus averaging $10,000 with a range between $5000 and $30,000. Eight percent received an average of $5,000 per year in stock options with a range between $1000 and $25,000. (Linkedin.com)

Salaries vary by company size, too:

  • 10,000+ employees: $115,000
  • 1,000-10,000 employees: $105,000
  • 201-1,000 employees: $100,000
  • 1-200 employees: $93,000

Indeed.com

This source states the average US salary for an analytics manager is $115,349. (Indeed.com). Some salaries reported from companies for analytics managers include:

  • Genentech: $144,900
  • Frontier Communications: $146,300
  • Capital One: $138,900
  • PwC: $137,600
  • Accenture: $134,200
  • PMG: $140,800
  • Deloitte: $116,400
  • Dice FM: $120,800

Salary.com

Salary.com reports the average analytics manager salary in the United States is $122,000 with a range between $95,400 and $150,400. (Salary.com)

Job Outlook for Analytics Managers

Employment in this field will rise by 26% by 2028. This is much faster than average compared to other occupations. Technology is advancing fast and companies want cost savings and efficiency, so demand for analytics managers will grow. Also, higher demand is occurring specifically in the analytics field in many industries to improve decisionmaking and business planning. (BLS.gov)

Advances in technology are making it possible for companies to gather large amounts of data that can be used for analysis. Also, improvements in analytical software are making operations research more affordable and applicable to more business areas. More organizations are expected to hire analytics managers to help them to transform data into important information that managers can use to make better decisions for the company.

Analytics managers manage and analyze the collected data to enhance business operations, supply chains, marketing, and pricing. Analytics manager demand is expected to be acute in the healthcare field and US military.

Opportunities are best for professionals with a master’s or Ph.D. in data analytics, data science, operations research, orf management science.

Average Analytics Manager Salary by State

StateHourly WageAnnual Salary
New York - Analytics Manager$57.41$119,406
Massachusetts - Analytics Manager$56.99$118,546
New Hampshire - Analytics Manager$55.61$115,670
Maryland - Analytics Manager$52.90$110,029
Hawaii - Analytics Manager$52.65$109,511
Connecticut - Analytics Manager$52.50$109,194
Alaska - Analytics Manager$52.49$109,188
Montana - Analytics Manager$52.49$109,188
North Dakota - Analytics Manager$52.49$109,188
Wyoming - Analytics Manager$52.49$109,188
Nevada - Analytics Manager$52.49$109,188
Idaho - Analytics Manager$52.49$109,188
Vermont - Analytics Manager$52.35$108,897
Nebraska - Analytics Manager$52.25$108,685
Washington - Analytics Manager$52.22$108,622
Rhode Island - Analytics Manager$51.68$107,502
California - Analytics Manager$51.65$107,440
Virginia - Analytics Manager$51.40$106,908
Arizona - Analytics Manager$50.85$105,766
New Jersey - Analytics Manager$50.52$105,088
Colorado - Analytics Manager$49.86$103,702
West Virginia - Analytics Manager$49.83$103,642
Minnesota - Analytics Manager$49.63$103,238
Pennsylvania - Analytics Manager$49.63$103,231
South Dakota - Analytics Manager$49.61$103,193
South Carolina - Analytics Manager$49.54$103,041
Tennessee - Analytics Manager$49.35$102,641
Delaware - Analytics Manager$49.32$102,595
Oregon - Analytics Manager$49.28$102,498
Utah - Analytics Manager$48.93$101,781
Ohio - Analytics Manager$48.84$101,583
Kentucky - Analytics Manager$48.78$101,469
Indiana - Analytics Manager$48.50$100,890
Oklahoma - Analytics Manager$48.39$100,642
Louisiana - Analytics Manager$48.24$100,349
Wisconsin - Analytics Manager$48.16$100,175
Kansas - Analytics Manager$48.01$99,864
Maine - Analytics Manager$47.97$99,769
Iowa - Analytics Manager$47.86$99,542
Texas - Analytics Manager$47.06$97,877
Georgia - Analytics Manager$46.89$97,526
Arkansas - Analytics Manager$46.71$97,158
New Mexico - Analytics Manager$46.45$96,607
Alabama - Analytics Manager$46.10$95,888
Michigan - Analytics Manager$46.05$95,782
Illinois - Analytics Manager$45.90$95,480
Mississippi - Analytics Manager$45.39$94,402
Missouri - Analytics Manager$44.92$93,442
Florida - Analytics Manager$44.25$92,040
North Carolina - Analytics Manager$40.24$83,707

Source: Ziprecruiter.com, January 2020.

Summary

The job outlook for analytics managers and related professionals is outstanding. Because of the improvements in technology and companies swimming in data that they often do not know what to do with, the time is ripe for a professional with an analytics degree to snag one of these high-paying jobs. With a master’s degree, you can easily be earning $100,000 or more per year after three years of experience or sometimes less.