The average salary for a Business Analyst varies depending on skill set, experience, education and location. There are various career paths to choose from even with this job description common traits that separate the BA from other roles can be their passion for delving further into the business processes and bettering it thus making the work system more efficient.
According to the Bureau of Labor Statistics, the median salary for a business analyst is $87,520.
The lowest 10 percent of business analysts earn $51,780 or less per year and the top 10 percent earn more than $136,610 per year.
Business analysts with less than one year of experience make an average of $59,700 per year. Business analysts with 1-4 years of experience make an average of $64,000 per year. Business analysts with 5-9 years of experience make an average of $67,300 per year. Business analysts with 10-19 years of experience make an average of $71,600 per year. Business analysts with 20 or more years’ experience make an average of $75,100 per year.
What is the average salary for a business analyst
Introduction
If you’re looking for a career as a business analyst, you’ve probably noticed that the job market for this position is booming. According to the U.S. Bureau of Labor Statistics (BLS), employment of business analysts is expected to grow 14% from 2018 to 2028—much faster than the average rate for all occupations. Not only will there be plenty of jobs available in this field, but you can also expect your salary to be pretty solid: According to ZipRecruiter, entry-level salaries start at around $51,000, and the average total compensation is over $75,000 per year. ZipRecruiter reports that the average base salary for a business analyst is $63,574 per year (or around $5,300 per month).
The average base salary of a business analyst is $63,574 per year, but the average total compensation is around $75,000.
The average base salary of a business analyst is $63,574 per year, but the average total compensation is around $75,000. The average bonus for this position is $10,000 and the average total compensation is around $85,000. For some business analysts in other industries or companies, they may be able to earn as much as $95,000 or even more!
If you’re interested in becoming a business analyst and want to know how much money you can make at your dream job, keep reading below!
Salaries vary widely by location, industry and experience level.
The average salary for a business analyst is $64,000. However, pay rates vary widely by location, industry and experience level. For example, those in the South tend to make more than their counterparts in the North; in fact, salaries are highest in southern states like Texas and Georgia. Similarly, employees with advanced degrees tend to earn more than those without them (though this is not always true).
The West Coast also has high salaries for business analysts (and understandably so) thanks to companies such as Facebook and Google headquartered there. People who work at technology startups can expect even higher paychecks because they have fewer employees relative to other industries where there are many more people competing for positions within one company or industry at-large—for instance: if you’re looking specifically at data science roles across multiple industries versus just one particular sector of it such as retail stores versus healthcare providers.”
Entry-level salaries start at around $51,000.
An entry-level business analyst working in the United States earns an average annual salary of $63,574. This number is influenced by many factors, including location and experience level.
According to PayScale’s data, the median total compensation for a business analyst is around $75,000 per year. The average total compensation for a business analyst in the US is $74,851 per year.
Conclusion
If you want to be the best at your job, then it’s important that you understand how much money you are worth. The average salary of a business analyst is $63,574 per year and the average total compensation package is around $75,000. This information will help you negotiate for higher pay or ask for a raise from your boss if need be!
