Business Analyst, Finance/Banking Salary

On average, commissions constitute a fair portion (approximately one-half) of final income for Finance & Banking Business Analysts. That final number averages out to $62K across the industry. In the world of Finance & Banking Business Analysts, overall cash allowance can occasionally include more than $14K from bonuses and, in some exceptional cases, $12K from profit sharing, causing incomes to vary widely between $41K and $101K. The most influential factor affecting pay for this group is location, though the specific employer and tenure have a (lesser) impact as well. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Male Finance & Banking Business Analysts are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Most workers in this position report high levels of job satisfaction.

$41,544 - $93,722
$42K
$61K
$94K
MEDIAN: $60,963
10%
50%
90%

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$14.98 - $49.54
$15
$24
$50
MEDIAN: $24.43
10%
50%
90%

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$0$100K
Salary $41,544 - $93,722
Bonus $873 - $13,622
Profit Sharing $0.00 - $11,541
Commission $29,479
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,861 - $100,911
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,505
Hourly Data $0$50
Hourly Rate $14.98 - $49.54
Hourly Tips $4.44
Overtime $19.50 - $50.96
Annual Data $0$100K
Bonus $873 - $13,622
Commission $29,479
Profit Sharing $0.00 - $11,541
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$40,861 - $100,911
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 232

Find Out Exactly What You Should Be Paid

United States (change)

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Job Description for Business Analyst, Finance/Banking

A business analyst is someone who scrutinizes the financial aspects of the business and determines if there are any changes that could be made to make the business more successful. A successful analyst needs a detailed mind that is able to analyze data and come to conclusions based on this data. Based on these conclusions the analyst makes recommendations and changes to improve the business.

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Business Analyst, Finance/Banking Tasks

  • Coordinate, organize and direct organization of projects and processes related to the financial sector of the business.
  • Develop and implement goals and procedures related to management of financial aspects of the business.
  • Gather, analyze and interpret data in areas such as budgets, financial planning and forecasting, cash flow projections, etc.

Common Career Paths for Business Analyst, Finance/Banking


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Finance & Banking Business Analysts' salaries may rise greatly for those who assume a higher-end position such as a Management Consultant. The average Management Consultant brings home $93K per year. Typical career progression for a Finance & Banking Business Analyst involves becoming a Senior Financial Analyst or a Senior Business Analyst, roles that pay $14K more and $23K more on average.

Business Analyst, Finance/Banking Job Listings

Popular Employer Salaries for Business Analyst, Finance/Banking


J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), U.S. Bank, The PNC Financial Services Group, Inc., and M&T Bank Corp are among the top companies that take on many Finance & Banking Business Analysts. Employees of Capital One Financial Corp can expect to make the most, with the company offering a median salary of $79K; however, pay is widely dispersed from bottom to top, ranging from $50K to $103K. Also paying near the top of the field are The Bank of New York Mellon Corporation (BNY Mellon) at $75K, Bank of America Corp. (BOFA) at $73K, and Chase Bank, where Finance & Banking Business Analysts annually earn $64K.

M&T Bank Corp offers the lowest compensation; the median salary there averages out to only $48K. The pay range is also narrow, ranging between $38K and $151K. Workers at U.S. Bank, The Northern Trust Company, and Citibank also face smaller salaries than the rest of the field — average earnings for these employers come to $52K, $55K, and $59K respectively.

Popular Skills for Business Analyst, Finance/Banking


Finance & Banking Business Analysts report using a deep pool of skills on the job. Most notably, skills in SAS, Process Improvement, SQL, and Project Management are correlated to pay that is above average, with boosts between 11 percent and 20 percent. Skills that pay less than market rate include Windows Operating System General Use, Document Review and Distribution, and Microsoft Word. Those proficient in Microsoft Excel are, more often than not, also skilled in Microsoft Office and Financial Analysis. The majority of those who know Data Analysis also know Financial Analysis and Microsoft Office.

Pay by Experience Level for Business Analyst, Finance/Banking

Pay by Experience for a Business Analyst, Finance/Banking has a positive trend. An entry-level Business Analyst, Finance/Banking with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 926 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Analyst, Finance/Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $72,000 based on 379 salaries. An experienced Business Analyst, Finance/Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $79,000 based on 255 salaries. A Business Analyst, Finance/Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $83,000 based on 62 salaries.

Pay Difference by Location

National Average: $61,891

Larger city markers indicate a job is popular in that location.

Finance & Banking Business Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 31 percent. Finance & Banking Business Analysts can also look forward to large paychecks in cities like New York (+31 percent), Houston (+19 percent), Seattle (+14 percent), and Washington (+10 percent). One of the biggest compensable factors for Finance & Banking Business Analysts is geography, with workers in Buffalo earning a whopping 32 percent below the national average. Workers in Pittsburgh and Columbus earn salaries that trail the national average for those in this profession (13 percent less and 10 percent less, respectively).

Business Analyst, Finance/Banking Reviews

Q: What is it like working as a Business Analyst, Finance/Banking?

Business Analyst, Finance/Banking in Louisville:
"Work flexibility, office conditions."
Pros: Flexibility.
Cons: Stress level, work load.

Related Job Salaries

Key Stats for Business Analyst, Finance/Banking

Gender

Female
42 %
Male
58 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 268 votes.
Less than 1 year
10%
1-4 years
48%
5-9 years
21%
10-19 years
16%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Analyst, Finance/Banking Salaries

▲34%

▲28%

▲16%

National Average
$62,000

▼7%

Skills That Affect Business Analyst, Finance/Banking Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 268 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
10%
1-4 years
48%
5-9 years
21%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 69%
no benefits
None: 12%
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