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Business Analyst, Finance/Banking Salary

Finance & Banking Business Analysts in the United States take home an average $58K per year. In the world of Finance & Banking Business Analysts, total cash compensation can vary between $39K and $95K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $12K and $7K, respectively. Compensation for this group is mainly affected by residence, but years of experience and the specific company are influential factors as well. More than half of Finance & Banking Business Analysts (64 percent) survey respondents are men. A large number report receiving medical coverage from their employers and most collect dental insurance. Most Finance & Banking Business Analysts report high levels of job satisfaction.

$39,586 - $85,481
(Median)
$40K
$58K
$85K
MEDIAN: $57,825
10%
50%
90%

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$13.09 - $56.24
(Median)
$13
$22
$56
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
$39,586 - $85,481  
   
Bonus
$0.00 - $12,135  
Profit Sharing
$800 - $6,600  
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).
)
$39,278 - $94,781  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,230
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$19$38$57
Hourly Rate
$13.09 - $56.24  
   
Overtime
$13.79 - $54.18  
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 - $12,135  
   
Commission
$0.00 - $4,069  
Profit Sharing
$800 - $6,600  
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).
)
$39,278 - $94,781  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 143

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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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At the upper end, Finance & Banking Business Analysts who move into a Management Consultant role can end up with a hefty increase in pay. The average income for Management Consultants is a much higher $93K per year. Finance & Banking Business Analysts typically move into roles as Senior Financial Analysts or Senior Business Analysts, and those positions pay $15K more and $24K more, respectively.

Business Analyst, Finance/Banking Job Listings

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Popular Employer Salaries for Business Analyst, Finance/Banking


While select J.P. Morgan Chase & Co. (JPMCC) employees may bring in up to $107K, a median salary of only $58K — the lowest in the field — suggests a serious lag in the earnings department.

Popular Skills for Business Analyst, Finance/Banking


Finance & Banking Business Analysts seem to exploit a large range of skills on the job. 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 are correlated to lower pay, on the other hand, include Windows Operating System General Use, Microsoft Word, and Microsoft Access. The majority of those who know Microsoft Office also know Financial Analysis. Those educated in Microsoft Excel tend to be well versed in Data Analysis and Financial Analysis.

Pay by Experience Level for Business Analyst, Finance/Banking

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


Although individuals who have less than five years' experience earn $56K on average, people with five to 10 years benefit from a notably larger average of $68K. Finance & Banking Business Analysts with one to two decades of relevant experience report an average salary of approximately $77K. Respondents who boast more than 20 years of experience can't seem to boast paychecks reflecting that extensive experience, though; veteran Finance & Banking Business Analysts report making only $75K on average.

Pay Difference by Location


For those looking to make money, Finance & Banking Business Analysts in San Francisco enjoy an exceptional pay rate, 37 percent above the national average. Finance & Banking Business Analysts will also find cushy salaries in New York (+30 percent), Washington (+18 percent), Boston (+18 percent), and Cleveland (+9 percent). Columbus ranks last in the field for pay, reporting salaries 17 percent below the national average. Employers also pay below the national average in Tampa (16 percent lower) and Minneapolis (13 percent lower).

Related Job Salaries

United States (change)

Experience Affects Business Analyst, Finance/Banking Salaries


Late-Career
up arrow 26%


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 317 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
3%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 82%
vision benefits Vision: 67% employee benefits None: 9%
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