Business Analyst, Finance/Banking Salary

For Finance & Banking Business Analysts, yearly average wages total $58K annually. Pay generally varies between $40K and $95K per year. Total cash earnings of Finance & Banking Business Analysts range from $40K on the low end to $95K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $12K and $7K, respectively. Geographic location is the main element affecting pay for this group — career length and the particular employer are driving factors as well. There are more male Finance & Banking Business Analysts than female among those who completed the questionnaire, making up 65 percent. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a large number collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$39,889 - $86,193

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$13.23 - $51.28

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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$32K$64K$96K
Salary
$39,889 - $86,193  
   
Bonus
$0.00 - $12,141  
Profit Sharing
$519 - $6,815  
Commission
$0.00 - $14,500  
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).
)
$39,685 - $95,302  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,116
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$18$36$54
Hourly Rate
$13.23 - $51.28  
   
Overtime
$13.68 - $52.11  
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
$0.00 - $12,141  
   
Commission
$0.00 - $14,500  
Profit Sharing
$519 - $6,815  
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).
)
$39,685 - $95,302  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 127
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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 who go on to become Management Consultants may see their salaries climb quite a bit. Median pay for Management Consultants is $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 $14K higher and $24K higher, respectively.

Business Analyst, Finance/Banking Job Listings

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Popular Employer Salaries for Business Analyst, Finance/Banking


Though certain workers may see earnings of up to $105K, J.P. Morgan Chase & Co. (JPMCC) still falls short in the compensation department — the median pay is only $61K, the lowest in the field.

Popular Skills for Business Analyst, Finance/Banking


Finance & Banking Business Analysts seem to wield many skills on the job. Most notably, facility with SAS, SQL, and Requirements Analysis are correlated to pay that is significantly above average, leading to increases of 23 percent, 13 percent, and 11 percent, respectively. Skills that seem to negatively impact pay include Windows Operating System General Use, Microsoft Access, and Microsoft Word. Those proficient in Microsoft Excel are, more often than not, also skilled in Data Analysis and Financial Analysis. Most people experienced in 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.


Survey participants with less than five years' experience pocket $56K on average, but those with five to 10 years of experience enjoy a much bigger median of $68K. On average, Finance & Banking Business Analysts make $78K following one to two decades on the job. For some reason, Finance & Banking Business Analysts with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $77K.

Pay Difference by Location


For Finance & Banking Business Analysts, San Francisco provides a pay rate that is 36 percent greater than the national average. Finance & Banking Business Analysts can also look forward to large paychecks in cities like New York (+29 percent), Washington (+17 percent), Boston (+17 percent), and Cleveland (+8 percent). Those in the field find the lowest salaries in Charlotte, 17 percent below the national average. Employers also pay below the national average in Tampa (17 percent lower) and Minneapolis (14 percent lower).

Related Job Salaries

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Experience Affects Business Analyst, Finance/Banking Salaries


Late-Career
up arrow 27%


National Average
$60,000


Skills That Affect Business Analyst, Finance/Banking Salaries

SAS
up arrow 23%

SQL
up arrow 13%



Document Preparation
up arrow 8%


Financial Modeling
up arrow 3%

Business Analysis
up arrow 2%

Data Analysis
up arrow 1%

Financial Analysis
0%

National Average
$60,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 4%




Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 259 votes.

Gender

Female
35 %
Male
65 %

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: 68% employee benefits None: 9%
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