2019 Business Analyst Salary Information

Business analyst salary information can be hard to come by, but LinkedIn has started making BA salary information available to its users. This is a February 2019 review of the salary data for business analysts in the United States and in Canada.

The salary you make as a business analyst depends largely on the type of business analyst that you want to become. Join our community to learn more about the profession and get the support you need to build a successful BA career.

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Episode Transcript

For most people salary is the single biggest determining factor of what career they’re going to choose for themselves and so that begs the question How much does a business analyst actually make. Short answer to that question is seventy thousand dollars according to LinkedIN. The average salary of a business analyst in Canada and the United States is seventy thousand dollars. But as analysts we know that the short answer doesn’t always give you the full picture. So let’s dive into the numbers to see what else we can learn.

And that range of salary goes from $50,000 to $95,000. If we look at the same picture for the United States we can see that again the number is very similar. It’s around $70,000 dollars US per year for a business analyst. And that range ranges from $50,000 dollars all the way up to $102,000 dollars. Now, these numbers are a summary of the overall job market in the United States you can see here that this is based on close to 20,000 responses that have been given by LinkedIn members to LinkedIn on how much money they make for their business analyst roles in the companies that they work in.

If you look along the side here you can see what business analysts' salaries look like at specific companies, so General Motors, for example, the average salary of a business analyst working at GM is ninety-four thousand five hundred. Fannie Mae $91,000. Bank of America $90,000 Boeing $90,000. Morgan Stanley $88,000 dollars per year. And the salary explores all shows it shows you how many different respondents they’ve had in order to accumulate those numbers.

So this should give you an overall big picture of what the salary looks like. Bear in mind that the salary information that we’re looking at is across all different industries for all years of experience so that might not necessarily give you the picture that you’re looking for. If you’re just starting off as a new business analyst chances are you’re going to want to click on the years of experience here and select somewhere maybe there less than one or between 1 and 5 and see how that updates the salary information. So here for example for us it has shown us that the average salary for starting business analysts starting to intermediate business analysts to have between 1 and 5 years of experience is sixty-seven thousand dollars so slightly lower than the average. If we look at the business analysts that have 15 plus years experience you’re going to get an average total compensation of eighty-eight thousand dollars and you can see that the range for these also switches. So if you’re a much more senior business analyst the maximum it looks like at the top end of the range here is one hundred twenty-five thousand dollars per year for those roles.

And that’s based on 20,000 responses so far. If you scroll down a little bit more you can start to see a bit more of a breakdown of what the business analyst role looks like for senior members so you can see it by industry. You can see by company size you can see by education level and by field of study, meaning the field of study that business analysts have had before and they’ve gone into their BA careers.

One thing to note is that generally speaking, you can see that companies that are larger in size, so companies here that have 10,000 or more employees tend to pay closer to the top end of the BA role where and smaller companies tend to pay slightly less.

So what are our takeaways from this video? Take away number 1 the LinkedIn salary tool’s at your disposal. You can use it to see what the BA salaries look like in the markets where you’re going to be looking for work yourself, and it’s likely that the quality of the data is going to continue to improve over time as more analysts start to give their salary information to LinkedIn.

Takeaway number two, the business analysis career pays pretty well. Average salaries look like they are hovering around $70,000 dollars a year in both Canada and the U.S. And for more senior roles, we’ve seen that there are salaries that can go up to $125,000 a year.

Takeaway number three is that business analyst jobs typically come in one of three different flavors. The business analyst, business process analyst, or the business systems analyst. We cover in the free training that we’re making available on February 20th, 2019
#BusinessAnalysis #Salary

[lengchang]

I was making 93k as a BA. I was paid higher than average because I was acting as a PM as well as a BA on a lot of my tasks.

[hugomendez]

nice, I think I just found my graduate program focus

[sid]

Hey, will a Master's degree in MIS help me to become a Business Analyst or a Product Manager?

I'm currently a CS undergrad but I think I like Analyst and People role better than writing software.