How much does a Business Analyst make?
A Business Analyst often earns a good salary. The average yearly salary stands at around $94,504. This job role can offer stable and competitive earnings. Different factors influence the salary, including experience, location, and the size of the company.
Some Business Analysts begin with a salary in the lower range, around $49,704. With more experience and skills, they can see their salary climb. For those in the top 10%, the average yearly salary can reach up to $166,550. Companies in major cities or those in high-demand industries often offer higher salaries. This trend highlights the value that experienced Business Analysts bring to organizations.
What are the highest paying cities for a Business Analyst?
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San Jose, CA
Average Salary: $120,900
San Jose is a tech hub, home to many leading tech companies. Professionals here value sharp analytical skills and innovation. Silicon Valley companies often seek Business Analysts for their projects.
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San Francisco, CA
Average Salary: $119,104
San Francisco boasts a dynamic business environment. Companies like Google and Salesforce value deep analytical insights. The city offers a mix of startups and big corporations.
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Springfield, MA
Average Salary: $116,790
Springfield is a city with a diverse job market. It has strong sectors in healthcare and insurance. Business Analysts here often work with top companies like MassMutual.
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Tucson, AZ
Average Salary: $116,634
Tucson offers a growing job market, with a strong focus on education and healthcare. Companies appreciate data-driven insights to improve efficiency. Local businesses value analytical skills.
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Stockton, CA
Average Salary: $106,442
Stockton is a city with a growing job market. Agriculture and logistics are key sectors. Business Analysts here support companies in optimizing their operations.
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Hartford, CT
Average Salary: $106,264
Hartford is known for its insurance industry. Companies like Aetna value Business Analysts who can provide insights. The city offers many opportunities in finance and insurance.
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Stamford, CT
Average Salary: $105,997
Stamford is a financial hub with many opportunities for Business Analysts. Companies like UBS and Citigroup need professionals who can analyze and interpret data.
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Worcester, MA
Average Salary: $105,947
Worcester has a strong presence in healthcare and education. Business Analysts here work closely with local companies to improve business strategies.
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Columbia, SC
Average Salary: $104,301
Columbia offers a mix of manufacturing and technology jobs. Business Analysts here play a crucial role in optimizing business processes for various industries.
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Jackson, MS
Average Salary: $103,184
Jackson provides opportunities in the healthcare and manufacturing sectors. Business Analysts are important for helping businesses improve efficiency and performance.
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What are the best companies a Business Analyst can work for?
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EY
Average Salary: $201,948
EY offers many opportunities for Business Analysts. They focus on business strategies and data analysis. EY operates in many countries, including the US, UK, India, and Canada. Their work helps companies improve their operations.
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Apple
Average Salary: $168,903
Apple provides exciting roles for Business Analysts. They work on product development and market research. Apple has locations in the US, UK, Europe, and Asia. Working here can mean being part of some of the world's most famous products.
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PwC
Average Salary: $164,512
At PwC, Business Analysts play a key role in consulting and advisory services. They work on projects that help clients solve complex problems. PwC has offices worldwide, including the US, UK, and Australia. They offer a global platform for impactful work.
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Raytheon
Average Salary: $145,340
Raytheon offers Business Analysts a chance to work on defense and aerospace projects. They focus on improving systems and processes. Raytheon operates in the US, with offices in major cities. They provide a stable and rewarding career.
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Crowe LLP
Average Salary: $144,197
Crowe LLP has many roles for Business Analysts. They work on financial analysis and technology solutions. Crowe LLP has offices in the US and Canada. They offer a collaborative work environment.
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Pacific Gas and Electric
Average Salary: $143,568
Pacific Gas and Electric Company offers Business Analysts the chance to work on energy projects. They focus on improving the company's operations. The company operates in California. Working here can mean being part of a company that powers homes and businesses.
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Youtube
Average Salary: $140,548
At YouTube, Business Analysts help improve the platform's features. They work on user experience and content strategy. YouTube has offices in the US and other countries. They offer a creative and innovative work environment.
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Citi
Average Salary: $140,145
Citi offers many roles for Business Analysts. They work on financial services and banking solutions. Citi has a global presence, with offices in many countries. They provide a dynamic and fast-paced work environment.
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Wells Fargo
Average Salary: $138,997
Wells Fargo provides opportunities for Business Analysts in banking and finance. They focus on customer experience and financial products. Wells Fargo has locations in the US and other countries. They offer a stable and reputable company to work for.
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Unum
Average Salary: $134,362
Unum offers roles for Business Analysts in insurance and financial services. They work on improving the company's services. Unum operates in the US, UK, and other countries. They offer a supportive and team-oriented work environment.
How to earn more as a Business Analyst?
Becoming a Business Analyst offers many opportunities to grow and earn more. The right steps can help increase earnings. Focus on developing key skills and gaining experience. This will lead to higher-paying positions.
Here are five factors to consider when aiming to earn more as a Business Analyst:
- Certification: Get recognized credentials. Certifications like CBAP or PMI-PBA can boost earning potential.
- Experience: More experience often means higher pay. Seek roles that offer diverse challenges. This will build a stronger resume.
- Advanced Education: Consider further studies in business, data analysis, or related fields. Advanced degrees can open doors to higher-paying roles.
- Specialization: Focus on a niche area such as finance, healthcare, or IT. Specialization can make a Business Analyst more valuable.
- Networking: Build a professional network. Attend industry events and join professional groups. Connections can lead to job opportunities with higher pay.
