If you are thinking about this career, you probably have questions about how much business analysts earn. The answer is it depends. The main factors determining the salary for a business analyst are the company size and industry type. For example, a person working in banking or finance will have a higher annual salary than someone in retail or wholesale trade. Another factor, which affects the salary of a business analyst is their level of experience.
India :
The average yearly income for a business analyst in India is 7.0 Lakhs, with salaries ranging from 3.0 Lakhs to 15.0 Lakhs. Salary projections are based on business analysts’ 80.7k salaries.
United States:
The average yearly income for a business analyst in the United States is $87,700, which is $45.3 per hour or $22.47 per year. The top 10% earn more than $167,000 while the bottom 10% earn less than $45,500. Business analysts’ salaries differ by state; the highest-paying locations are California ($135k), Washington ($132.5k), New York ($131k), and Massachusetts ($130k). The lowest-paying states are Utah ($61k), Idaho ($63k), Arkansas ($63k) and Mississippi ($64k).
Canada:
In Canada, the average yearly income for a business analyst is $111,500. The top earners (top 10%) are making over $177,000 per year while the bottom earners (bottom 10%) are earning under $58,000. Business analysts in Ontario earn the most at $120k per year with those in Manitoba taking home a bit less ($108k).
Quebec business analysts earn an average of $116k per year while British Columbia and Alberta business analysts receive about $108k per annum. The lowest salary is earned by Newfoundland and Labrador business analysts who make an average of only $98k.
United Kingdom:
For British business analysts, the average yearly income is £40,000. The highest-paid business analysts are making over £109k per year while the lowest-paid ones are earning under £47k. Business analysts’ salaries are affected by their level of expertise and seniority in their organization. Senior people tend to earn more than those who have less experience at the same level.
France:
In France, the average yearly salary for a business analyst is 45,500 Euros (approximately $55,000). It’s not uncommon for someone working as a business analyst to make over 60k Euros per year in Paris while people working in Nantes have an annual salary of around 54k Euros. In terms of bonuses, they are low in smaller companies but can be higher in larger ones. Bonuses range between 1.5 and 3 times the salary.
Germany:
In Germany, business analysts’ average yearly income is 62,000 Euros (approximately $80,000). Their bonuses tend to be higher than the salary.
Netherlands:
In The Netherlands, the average income for business analysts is €58k per year. Bonuses are typically around 2-3% of their annual salary. Salary and bonus ranges depend on the amount of experience the person has in their field and the size of their company.
Sweden:
Business analysts in Sweden have an average yearly income of 89,500 kronor (approximately $10k). In terms of bonuses and raises, it’s more common for people to get reviewed rather than rewarded with bonus money.
Australia:
A business analyst who works in Australia earns an average income of $88,000 per year. The top earners (top 10%) earn over $136,000 while the bottom earners (bottom 10%) are making under $52,000 per year. In terms of bonus, they can range between 1 and 2 extra months’ pay to 4-6 extra months’ pay. They can also be a cash bonus or a performance bonus. Bonuses depend on the company’s culture and budget as well as the person’s performance and seniority level in the organization.
Brazil:
Business analysts in Brazil have an average income of R$27.500 (approximately $12k). The average bonus is R$16.000 – R$20.000 (approximately $6k – $8k). Salary and bonuses typically rise with seniority, experience, and expertise. Larger companies tend to offer larger salaries than smaller ones as well as better bonuses.
