Business Analyst, IT Salary

For IT Business Analysts, annual average wages total $68K per year. Total cash compensation to IT Business Analysts bottoms out near $48K and approaches $101K on the high end; the biggest paychecks include approximately $10K from bonuses and almost $8K from profit sharing. Earnings for this group are mostly affected by the particular firm, followed by career duration and location. Most IT Business Analysts report high levels of job satisfaction. Men working as IT Business Analysts who took the survey just slightly outnumber women at 58 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The numbers in this rundown were provided by PayScale's salary survey participants.
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$48,215 - $95,291
$48K
$68K
$95K
MEDIAN: $67,527
10%
50%
90%

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$18.83 - $60.45
$19
$34
$60
MEDIAN: $34.49
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$48,215 - $95,291  
   
Bonus
$259.33 - $10,191  
Profit Sharing
$0.00 - $7,843  
Commission
$12,000  
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  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 5,216
© PayScale, Inc. @ www.payscale.com
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$18.83 - $60.45  
   
Hourly Tips
$4.44  
Overtime
$20.63 - $63.78  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$259.33 - $10,191  
   
Commission
$12,000  
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  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 690
© PayScale, Inc. @ www.payscale.com

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United States (change)

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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.

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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


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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.

Business Analyst, IT Job Listings

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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

National Average: $69,345

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

Business Analyst, IT Reviews

Q: What is it like working as a Business Analyst, IT?

Business Analyst, IT in Los Angeles:
`"$A great challenge."`
Pros: I love the vast array of knowledge that I have gained just to be able to do my job. Bouncing from client to client, I need to learn (quickly, might I add) new skills and gain expertise in a new area so I can do my job well. It can be stressful at times, but I love the challenge, and feel I am a better all-around person now.
Cons: Sometimes my schedule is hectic, and it prevents me from being able to enjoy the things I like to do at home.

Business Analyst, IT in Vancouver:
`"$Large Learning Curve."`
Pros: Interesting software and analysis to learn. And a diverse team of developers and analysts to work with.
Cons: The pay and sometime mundane testing periods of the software.

Business Analyst, IT in Topeka:
`"$Work as middle man between developers and system users."`
Pros: I like testing new systems and trying to break them!
Cons: I dislike the politics that come from upper level management.

Business Analyst, IT in Auburn Hills:
`"$Team Work And Diverse Projects."`
Pros: I get to help people solve problems they have with our software everyday and work with developers to make it better.
Cons: Stressful timeline that is hard to predict.

Business Analyst, IT in Lubbock:
Pros: I most enjoy the changes that each day brings. Nothing stays the same in the healthcare industry, and you have to stay focused every day.
Cons: I least like the lack of accountability that people want to take. It is very difficult to get certain tasks and projects completed when people do not want to take responsibility for them.

Business Analyst, IT in Hartford:
`"$Bridging Together The People And Technology To Drive Solutions."`
Pros: Being able to work with people; understanding the system and gaining a holistic view of everything going on; using my creative mindset, I am able to come up with solutions.
Cons: Dependencies on other people mean that when you can meet deadlines is sometimes out of your control; there is frequent change because the customer does not always know what they want.

Related Job Salaries

Key Stats for Business Analyst, IT

Gender

Female
42 %
Male
58 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 685 votes.
Less than 1 year
7%
1-4 years
45%
5-9 years
26%
10-19 years
18%
20 years or more
5%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Analyst, IT Salaries

▲25%

▲22%

▲12%

National Average
$69,000

▼10%

Skills That Affect Business Analyst, IT Salaries

▲5%





Microsoft Word
▼0%

Microsoft Sharepoint Server
▼0%

National Average
$69,000


SQL
▼2%






▼8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 685 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
7%
1-4 years
45%
5-9 years
26%
10-19 years
18%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
dental benefits
None: 13%
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