Business Analyst, IT Salary
|Salary||$48,215 - $95,291|
|Bonus||$259.33 - $10,191|
|Profit Sharing||$0.00 - $7,843|
|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).)
|$47,912 - $101,176|
|Hourly Rate||$18.83 - $60.45|
|Overtime||$20.63 - $63.78|
|Bonus||$259.33 - $10,191|
|Profit Sharing||$0.00 - $7,843|
|Total Pay (||$47,912 - $101,176|
Job Description for Business Analyst, IT
A business analyst, IT, focuses on improving operations that involve information technology within a company. The business analyst offers consultation to management in an effort to help the company become more effective. The IT business analyst will analyze the hardware, software, and IT services that are being employed in a company. Analyses will have to be carried out in order to determine areas that need improvement. It is also important to have strong research skills in order to determine the latest trends and solutions.Read More...
The analyst will then peruse the results and make suggestions as to what should be changed regarding company IT policies, IT structure, and IT operations. When problems are detected, the analyst should carry out problem-solving techniques in order to come up with a solution. When solutions are implemented, the analyst should continue to monitor these solutions to analyze their efficiency and to make continuous improvements. Knowledge of SQL is important, in order to be able to analyze data from databases. The business analyst should be able to carry out analyses, such as cost benefit analyses. Therefore, strong mathematical skills are essential. Presentation and report-making skills are important in order to present the findings to upper management.
Many positions require a master’s degree in information technology or a related field. Other positions prefer proven experience in IT business analyses over the educational requirements. Many positions offered are full-time. Some positions require that a business analyst works directly for a company, while others work for an agency that provides analyses services to various companies.
Business Analyst, IT Tasks
- Create project plans for information technology development and testing.
- Translate requirements into new information technology project specifications.
- Identify, communicate, and manage risks associated with projects.
- Identify business or customer requirements and information technology alternatives.
Common Career Paths for Business Analyst, IT
IT Business Analysts may experience a large salary bump if they progress into a role such as IT Program Manager. The latter position pays an average of $113K annually. Information Technology Project Managers or Senior Business Analysts are common next-step roles for IT Business Analysts moving up in their careers; annual pay for Information Technology Project Managers is $17K higher on average, and it's $15K higher for Senior Business Analysts.
Popular Employer Salaries for Business Analyst, IT
Leading companies who hire large numbers of IT Business Analysts include J.P. Morgan Chase & Co. (JPMCC), HP Enterprise Services, Cisco Systems Inc, CGI Group Inc., and Citibank. The biggest paychecks can be found at Chevron Corporation — the median salary there is $93K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $74K and highest ones in the neighborhood of $157K. Other leaders in compensation levels are Citibank at $89K, Bank of America Corp. (BOFA) at $88K, and Citigroup, Inc., where IT Business Analysts annually earn $82K.
CGI Group Inc. pays significantly less than other places with a median salary of $47K, just about half of the top paying company's median. Also approaching the lower end are HP Enterprise Services at $55K, CGI Federal at $60K, and Humana, Inc. at $61K.
Popular Skills for Business Analyst, IT
Survey results imply that IT Business Analysts deploy a substantial tool kit of skills at work. Most notably, skills in Oracle, Requirements Analysis, Project Management, and Business Analysis are correlated to pay that is above average, with boosts in pay of 5 percent. Skills that are correlated to lower pay, on the other hand, include HTML, Windows Operating System General Use, and Microsoft Access. Most people experienced in Business Analysis also know Project Management and Microsoft Office.
Pay by Experience Level for Business Analyst, IT
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For IT Business Analysts, more experience in the field does not usually mean bigger paychecks. Although individuals who have less than five years' experience earn $62K on average, people with five to 10 years benefit from a notably larger average of $78K. IT Business Analysts with one to two decades of relevant experience report an average salary of approximately $84K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $87K.
Pay Difference by Location
With a pay rate for IT Business Analysts that is 28 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. IT Business Analysts will also find cushy salaries in New York (+18 percent), Boston (+7 percent), Seattle (+6 percent), and Houston (+6 percent). Atlanta is home to the smallest salaries in the field, lagging the national average by 5 percent. Employers in Chicago and Denver also lean toward paying below-median salaries (3 percent less).
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