How much does a Business Analyst make?
A Business Analyst plays a key role in helping companies make smart decisions. They look at data and processes to find ways to improve. This job can be very rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Business Analyst is $94,182. This means that most Business Analysts earn between this amount and more.
The salary for a Business Analyst can vary based on experience and location. Here are some common salary ranges:
- The lowest 10% earn less than $50,000.
- The next 20% earn between $50,000 and $71,000.
- The middle 20% earn between $71,000 and $92,000.
- The next 20% earn between $92,000 and $113,000.
- The top 10% earn more than $123,000.
What are the highest paying cities for a Business Analyst?
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San Francisco, CA
Average Salary: $120,134
San Francisco offers a dynamic environment for professionals. Companies like Google and Salesforce thrive here. Analysts can expect a fast-paced, innovative atmosphere.
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San Jose, CA
Average Salary: $119,069
San Jose, the heart of Silicon Valley, is home to tech giants. Working here means being at the forefront of tech trends. Companies like Apple and Cisco provide great opportunities.
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Tucson, AZ
Average Salary: $112,917
Tucson combines a lower cost of living with a growing tech scene. Companies like Raytheon and Airbus offer solid career paths. It's a great place to balance work and lifestyle.
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Springfield, MA
Average Salary: $108,898
Springfield offers a mix of industry and innovation. Companies like MassMutual and Smith & Wesson provide diverse opportunities. The cost of living is reasonable, making it a good choice for many.
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Hartford, CT
Average Salary: $106,825
Hartford is known for its insurance companies. Working here means being part of a historic industry. Companies like Aetna and Travelers offer stability and growth.
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Stockton, CA
Average Salary: $106,442
Stockton has a lower cost of living and a growing tech sector. Companies like Pacific Gas and Electric offer good career opportunities. It's a great place for those looking for a balance.
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Worcester, MA
Average Salary: $105,757
Worcester is a hub for education and healthcare. Companies like UMass Memorial and Saint Vincent Hospital offer diverse roles. The community is welcoming and supportive.
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Stamford, CT
Average Salary: $105,542
Stamford is close to New York City but offers a smaller town feel. Companies like UBS and General Electric provide excellent career opportunities. It's a great place for networking and professional growth.
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Columbia, SC
Average Salary: $103,147
Columbia offers a mix of industry and a growing tech scene. Companies like Boeing and Duke Energy provide diverse opportunities. The cost of living is affordable, making it a good choice for many.
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Springfield, IL
Average Salary: $101,169
Springfield offers a mix of industry and a growing tech sector. Companies like State Farm and Caterpillar provide solid career paths. The community is friendly and supportive.
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What are the best companies a Business Analyst can work for?
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EY
Average Salary: $199,794
EY offers exciting opportunities for Business Analysts. They work in offices across the globe, including major cities in the U.S., Europe, and Asia. EY focuses on providing audit, consulting, tax, and transaction services.
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Apple
Average Salary: $168,734
Apple provides a dynamic environment for Business Analysts. They work in locations like Cupertino, California, and other offices worldwide. Apple is known for its innovative products and services.
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PwC
Average Salary: $164,512
PwC offers diverse roles for Business Analysts. They operate in cities across the U.S., Europe, and Asia. PwC provides assurance, tax, and consulting services to clients.
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Raytheon
Average Salary: $146,407
Raytheon offers rewarding positions for Business Analysts. They work in locations like Waltham, Massachusetts, and other sites globally. Raytheon focuses on defense, security, and civil markets.
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Pacific Gas and Electric
Average Salary: $146,168
Pacific Gas and Electric provides opportunities for Business Analysts. They work in San Francisco, California, and other locations. The company focuses on delivering energy services.
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Computer Consultants International, Inc. (CCI)
Average Salary: $144,417
CCI offers roles for Business Analysts. They work in locations like San Francisco, California, and other sites. CCI provides consulting services to various industries.
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Crowe LLP
Average Salary: $144,197
Crowe LLP offers positions for Business Analysts. They work in cities across the U.S. and internationally. Crowe LLP provides audit, tax, and consulting services.
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Youtube
Average Salary: $140,102
Youtube offers exciting roles for Business Analysts. They work in locations like San Bruno, California, and other offices. Youtube is a leading video-sharing platform.
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Citi
Average Salary: $140,042
Citi provides opportunities for Business Analysts. They work in major cities worldwide, including New York and London. Citi is a global financial services company.
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TikTok
Average Salary: $138,964
TikTok offers roles for Business Analysts. They work in locations like Los Angeles, California, and other offices. TikTok is a popular social media platform.
How to earn more as a Business Analyst?
A Business Analyst can increase their earnings by focusing on several key areas. These areas not only enhance skills but also make the analyst more valuable to employers. One of the most effective ways to earn more is by gaining specialized certifications. Certifications such as Certified Business Analysis Professional (CBAP) or Project Management Professional (PMP) can open up higher-paying positions.
Another factor is gaining experience in specific industries. Industries like finance, healthcare, and technology often pay more for Business Analysts. Analysts who specialize in these areas can command higher salaries. Networking also plays a crucial role. Building relationships with professionals in the field can lead to better job opportunities and salary negotiations. Continuous learning and staying updated with the latest tools and technologies can also make an analyst more competitive. Finally, taking on leadership roles or project management responsibilities can lead to higher earnings.
Here are five factors to consider for earning more as a Business Analyst:
- Certifications: Obtain specialized certifications like CBAP or PMP.
- Industry Specialization: Gain experience in high-paying industries like finance or healthcare.
- Networking: Build relationships with professionals in the field.
- Continuous Learning: Stay updated with the latest tools and technologies.
- Leadership Roles: Take on project management or leadership roles.
