Business Analyst, Software Salary
An average Software Business Analyst in the United States can expect to take home roughly $65K annually. Final cash compensation to Software Business Analysts varies from around $46K to approximately $97K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $5K, respectively. Geography is the biggest factor affecting pay for this group, followed by experience level. Men make up a slight majority of Software Business Analysts (54 percent) who responded to the survey. Work is enjoyable for Software Business Analysts, who typically claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. Figures cited in this summary are based on replies to 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
- Understand user conceptual requirements and needs.
- Translate user requirements into software specifications, resource estimates, and schedules.
- Plan, design, schedule and coordinate software development.
- Work with software developers and quality assurance testers to produce the software.
Common Career Paths for Business Analyst, Software
Software Business Analysts who move on to become Senior Business Analysts may enjoy significant pay raises, as Senior Business Analysts get paid an average of $85K per year. Becoming a Computer Systems Business Analyst is, more often than not, the most common role that Software Business Analysts move into when they're ready for the next step in their career. A median salary for a Computer Systems Business Analyst is $60K. Another frequent advance is for Software Business Analysts to assume a Senior Business Analyst role; in this role, workers often take home $85K.
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Popular Skills for Business Analyst, Software
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Implementation Analyst, Microsoft Visio, Product Management, and Project Management are correlated to pay that is above average, with boosts between 6 percent and 13 percent. At the other end of the pay range are skills like Microsoft SQL Server, SQL, and Microsoft Office. Most people skilled in Requirements Analysis are similarly competent in Functional Analysis and Project Management. The majority of those who know Business Analysis also know Project Management and Functional Analysis.
Pay by Experience Level for Business Analyst, Software
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Although individuals who have less than five years' experience earn $60K on average, people with five to 10 years benefit from a notably larger average of $74K. Software Business Analysts see a median salary of $80K after reaching one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $73K on average.
Pay Difference by Location
With a pay rate for Software Business Analysts that is 19 percent greater than the national average, San Francisco offers a comfortable salary for those in this profession. Software Business Analysts can also look forward to large paychecks in cities like New York (+14 percent), Austin (+11 percent), Chicago (+11 percent), and Boston (+6 percent). In Pittsburgh, salaries are 19 percent below the national average and represent the lowest-paying market. Not at the bottom but still paying below the median are employers in Houston and San Diego (17 percent lower and 10 percent lower, respectively).
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Key Stats for Business Analyst, Software
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