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Business Analyst, Finance/Banking Salary

Earnings for Finance & Banking Business Analysts in the United States come in at around $58K annually on average. Total incomes of Finance & Banking Business Analysts incorporate potential for, in a few cases, more than $12K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $39K and $95K. While career duration and the specific company impact pay for this group, residence is the most influential factor. Medical benefits are awarded to most, and a large number earn dental coverage. Job satisfaction for Finance & Banking Business Analysts is high. There are more male Finance & Banking Business Analysts than female among those who completed the questionnaire, making up 64 percent. This snapshot results from replies to PayScale's salary survey.

$39,691 - $85,431
(Median)
$40K
$58K
$85K
MEDIAN: $57,708
10%
50%
90%

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$13.16 - $51.71
(Median)
$13
$22
$52
MEDIAN: $22.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$32K$64K$96K
Salary
$39,691 - $85,431  
   
Bonus
$0.00 - $11,984  
Profit Sharing
$824 - $6,399  
Commission
$0.00 - $4,069  
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).
)
$39,393 - $94,663  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,258
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$18$36$54
Hourly Rate
$13.16 - $51.71  
   
Overtime
$14.25 - $53.72  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $11,984  
   
Commission
$0.00 - $4,069  
Profit Sharing
$824 - $6,399  
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).
)
$39,393 - $94,663  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 146

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Business Analyst, Finance/Banking

A business analyst is someone who scrutinizes the financial aspects of the business and determines if there are any changes that could be made to make the business more successful. A successful analyst needs a detailed mind that is able to analyze data and come to conclusions based on this data. Based on these conclusions the analyst makes recommendations and changes to improve the business.

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Business Analyst, Finance/Banking Tasks

  • Gather, analyze and interpret data in areas such as budgets, financial planning and forecasting, cash flow projections, etc.
  • Develop and implement goals and procedures related to management of financial aspects of the business.
  • Coordinate, organize and direct organization of projects and processes related to the financial sector of the business.

Common Career Paths for Business Analyst, Finance/Banking


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Finance & Banking Business Analysts may experience a large salary bump if they progress into a role such as Management Consultant. The latter position pays an average of $93K annually. Finance & Banking Business Analysts most often move into positions as Senior Financial Analysts or Senior Business Analysts; those groups report median salaries that are $15K higher and $24K higher, respectively.

Business Analyst, Finance/Banking Job Listings

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Popular Employer Salaries for Business Analyst, Finance/Banking


J.P. Morgan Chase & Co. (JPMCC) reports the lowest median salary in the area (it's only $58K) but some workers make up to $106K, indicating a rather large gap in employee earnings.

Popular Skills for Business Analyst, Finance/Banking


Finance & Banking Business Analysts seem to require a rather large skill set. Lucky workers who know SAS can expect a significant pay bump, scoring salaries 24 percent above average. Requirements Analysis and Document Review and Distribution are also correlated to pay that is above average, with increases between 12 percent and 24 percent. Skills that pay less than market rate include Windows Operating System General Use, Microsoft Word, and Microsoft Access. For most people, competency in Microsoft Excel indicates knowledge of Data Analysis and Financial Analysis. Most people who know Microsoft Office also know Financial Analysis.

Pay by Experience Level for Business Analyst, Finance/Banking

Median of all compensation (including tips, bonus, and overtime) by years of experience.


The average worker who claims fewer than five years of experience earns around $55K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $68K. For Finance & Banking Business Analysts, 10 to 20 years of experience on the job amounts to an average salary of $77K. Finance & Banking Business Analysts who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $75K.

Pay Difference by Location


For those looking to make money, Finance & Banking Business Analysts in San Francisco enjoy an exceptional pay rate, 38 percent above the national average. Finance & Banking Business Analysts can also look forward to large paychecks in cities like New York (+30 percent), Washington (+19 percent), Boston (+18 percent), and Cleveland (+9 percent). The lowest-paying market is Columbus, which sits 17 percent below the national average. Workers in Tampa and Minneapolis earn salaries that trail the national average for those in this profession (16 percent less and 13 percent less, respectively).

Related Job Salaries

United States (change)

Experience Affects Business Analyst, Finance/Banking Salaries


Late-Career
up arrow 25%


National Average
$60,000


Skills That Affect Business Analyst, Finance/Banking Salaries

SAS
up arrow 24%



SQL
up arrow 11%

Document Preparation
up arrow 10%

Project Management
up arrow 4%

Business Analysis
up arrow 4%

Financial Modeling
up arrow 4%

Data Analysis
up arrow 1%

Financial Analysis
up arrow 1%

National Average
$60,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 4%

Microsoft Access
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 327 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
9%
1-4 years
49%
5-9 years
26%
10-19 years
12%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 82%
vision benefits Vision: 67% employee benefits None: 9%
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