Business Analyst, IT Salary
|Salary||$48,351 - $94,971|
|Bonus||$392.13 - $10,224|
|Profit Sharing||$0.00 - $7,704|
|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).)
|$48,074 - $100,815|
|Hourly Rate||$18.83 - $59.65|
|Overtime||$21.64 - $65.02|
|Bonus||$392.13 - $10,224|
|Profit Sharing||$0.00 - $7,704|
|Total Pay (||$48,074 - $100,815|
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
For IT Business Analysts, progressing to an IT Program Manager role may result in a significant raise. On average, an IT Program Manager can earn $113K annually. It is quite typical for IT Business Analysts to transition into roles as Information Technology Project Managers or Senior Business Analysts, where reported median earnings are $17K and $15K higher per year.
Popular Employer Salaries for Business Analyst, IT
IT Business Analysts flock to J.P. Morgan Chase & Co. (JPMCC), HP Enterprise Services, Cisco Systems Inc, CGI Group Inc., and Citibank, highly regarded companies that employ a generous number of people in this profession. Chevron Corporation offers the largest salaries in town ($93K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $74K to $157K. Citibank, Bank of America Corp. (BOFA), and Citigroup, Inc. are a few other companies that offer generous salaries, with IT Business Analysts earning around $89K, $88K, or $82K at each firm, respectively.
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. Workers at HP Enterprise Services, CGI Federal, and Humana, Inc. also face smaller salaries than the rest of the field — average earnings for these employers come to $55K, $60K, and $61K respectively.
Popular Skills for Business Analyst, IT
Survey participants wield an impressively varied skill set on the job. 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 pay less than market rate include HTML, Windows Operating System General Use, and Microsoft Access. Most people who know Business Analysis also know Project Management and Microsoft Office.
Pay by Experience Level for Business Analyst, IT
Pay by Experience for a Business Analyst, IT has a positive trend. An entry-level Business Analyst, IT with less than 5 years of experience can expect to earn an average total compensation of $62,000 based on 3,620 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Analyst, IT with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $78,000 based on 1,959 salaries. An experienced Business Analyst, IT which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $84,000 based on 1,187 salaries. A Business Analyst, IT with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $87,000 based on 321 salaries.
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. Workers in Chicago and Denver earn salaries that trail the national average for those in this profession (3 percent less).
Business Analyst, IT Reviews
Related Job Salaries
Key Stats for Business Analyst, IT
Rated 4 out of 5
based on 760 votes.