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Business Analyst, Finance/Banking Salary

Finance & Banking Business Analysts in the United States can expect wages of $57K annually on average. In the world of Finance & Banking Business Analysts, total cash compensation can vary between $40K and $95K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $12K and $5K, respectively. While career duration and the particular employer impact pay for this group, geographic location is the most influential factor. Male Finance & Banking Business Analysts who responded to the survey are more common than women; more than half (64 percent) are men. Most report receiving medical coverage from their employers and a large number collect dental insurance. The majority of Finance & Banking Business Analysts claim high levels of job satisfaction.

$39,819 - $85,027
(Median)
$40K
$57K
$85K
MEDIAN: $57,329
10%
50%
90%

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$13.09 - $55.18
(Median)
$13
$22
$55
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
$39,819 - $85,027  
   
Bonus
$0.00 - $11,834  
Profit Sharing
$783 - $5,195  
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).
)
$39,610 - $94,544  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 1,329
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 - $55.18  
   
Overtime
$14.98 - $51.82  
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 - $11,834  
   
Commission
$0.00 - $4,069  
Profit Sharing
$783 - $5,195  
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).
)
$39,610 - $94,544  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 153

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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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For Finance & Banking Business Analysts, progressing to a Management Consultant role may result in a significant raise. On average, a Management Consultant can earn $93K annually. When Finance & Banking Business Analysts are ready for the next step in their careers, they often become Senior Financial Analysts or Senior Business Analysts. Those roles pay an additional $15K and $25K, 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) offers the lowest pay, with a median salary of just $57K. The pay scale doesn't vary widely, either; compensation ranges from $36K to $106K.

Popular Skills for Business Analyst, Finance/Banking


Survey participants wield an impressively varied skill set on the job. Most notably, facility with SAS, Document Review and Distribution, and Requirements Analysis are correlated to pay that is significantly above average, leading to increases of 25 percent, 12 percent, and 10 percent, respectively. At the other end of the pay range are skills like Windows Operating System General Use, Microsoft Word, and Microsoft Access. Most people familiar with Microsoft Excel also know Data Analysis and Financial Analysis. Those who learned Microsoft Office also tend to 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 beginner in this position makes around $56K, but folks who have been around for five to 10 years see a markedly higher median salary of $67K. Finance & Banking Business Analysts see a median salary of $77K after reaching 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 $75K.

Pay Difference by Location


Home to some of the best pay for Finance & Banking Business Analysts, San Francisco offers exceptional salaries, 36 percent above the national average. Finance & Banking Business Analysts can also look forward to large paychecks in cities like New York (+29 percent), Boston (+19 percent), Washington (+19 percent), and Cleveland (+9 percent). The smallest paychecks in the market, 18 percent south of the national average, can be found in Columbus. Tampa and Minneapolis are a couple other places where companies are known to pay below the median — salaries are 16 percent lower and 12 percent lower, respectively.

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 25%



SQL
up arrow 9%

Document Preparation
up arrow 9%


Financial Modeling
up arrow 4%

Project Management
up arrow 3%

Data Analysis
up arrow 1%

Financial Analysis
up arrow 1%

National Average
$60,000

Microsoft Office
up arrow 2%

Microsoft Excel
up arrow 3%

Microsoft Access
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 368 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%