Business Analyst, Software Salary
For Software Business Analysts, annual average wages total $65K per year. Total cash earnings of Software Business Analysts range from $48K on the low end to $98K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $8K, respectively. Geographic location and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Women are just slightly outnumbered, with male Software Business Analysts making up 55 percent of survey respondents. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Job Description for Business Analyst, Software
A software business analyst analyzes software that has been implemented within their company, reporting on its efficiency and developing ideas to solve any problems encountered. They may also be given a problem and expected to come up with software that can remedy the issue.Read More...
The software business analyst performs research and analysis to create a report that initiates a project. Once this project is approved, the software business analyst needs to make sure that all the tools needed to implement the project are available; they may also have to work within a budget. The software business analyst not only analyzes data, but also works with various branches of the company to figure out what needs to be improved and how these improvements can be made. User testing might also be another task that the software business analyst oversees. When the project is finished, the analyst carries out tests to make sure the software is functioning properly, and if not, what needs to be further improved to remove bugs or other issues.
Generally, at least a bachelor's degree in information technology, business administration, or another relevant field is required for this position. Previous experience - including with software relevant to the company's needs - is necessary as well. Software business analysts generally work full time in an office setting, although overtime and/or alternative hours may be required depending on their organization's and projects' needs.
Business Analyst, Software Tasks
- Plan, design, schedule and coordinate software development.
- Work with software developers and quality assurance testers to produce the software.
- Understand user conceptual requirements and needs.
- Translate user requirements into software specifications, resource estimates, and schedules.
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Popular Skills for Business Analyst, Software
Software Business Analysts seem to exploit a large range of skills on the job. Most notably, skills in Product Management, Implementation Analyst, Microsoft Visio, and Project Management are correlated to pay that is above average, with boosts between 8 percent and 14 percent. Skills that pay less than market rate include Microsoft SQL Server, Microsoft Office, and SQL. Most people familiar with Business Analysis also know Project Management and Functional Analysis. Most people who know Requirements Analysis also know Functional Analysis and Project Management.
Pay by Experience Level for Business Analyst, Software
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Workers in their first five years can expect to earn $61K, but people who have been around for five to 10 years earn a noticeably bigger sum of $75K. The average pay reported by folks with 10 to 20 years of experience is around $80K. For some reason, Software Business Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $72K.
Pay Difference by Location
With a pay rate for Software Business Analysts that is 32 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Software Business Analysts will also find cushy salaries in Chicago (+13 percent), New York (+12 percent), Charlotte (+11 percent), and Austin (+8 percent). The lowest-paying market is Pittsburgh, which sits 20 percent below the national average, proving that location is a significant contributor to overall pay. A couple other locations with smaller-than-average paychecks include Indianapolis (19 percent lower) and Houston (18 percent lower).
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Key Stats for Business Analyst, Software
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