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Business Analyst, IT Salary

Median pay for IT Business Analysts in the United States is around $66K per year. Compensation ranges between $46K and $101K per year. Total cash earnings of IT Business Analysts range from $46K on the low end to $101K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $6K, respectively. The most important factor affecting compensation for this group is the specific employer, followed by years of experience and geography. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. For the most part, IT Business Analysts enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
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$46,259 - $93,758
(Median)
$46K
$66K
$94K
MEDIAN: $66,011
10%
50%
90%

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$18.31 - $60.55
(Median)
$18
$36
$61
MEDIAN: $35.00
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$50K$100K$150K
Salary
$46,259 - $93,758  
   
Bonus
$0.00 - $10,025  
Profit Sharing
$306.39 - $6,460  
Commission
$0.00 - $5,896  
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).
)
$46,005 - $101,431  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 7,461
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$25$50$75
Hourly Rate
$18.31 - $60.55  
   
Overtime
$22.21 - $60.47  
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 - $10,025  
   
Commission
$0.00 - $5,896  
Profit Sharing
$306.39 - $6,460  
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).
)
$46,005 - $101,431  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 998

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United States (change)


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Job Description for Business Analyst, IT

A business analyst, IT, focuses on improving operations that involve information technology within a company. The business analyst offers consultation to management in an effort to help the company become more effective. The IT business analyst will analyze the hardware, software, and IT services that are being employed in a company. Analyses will have to be carried out in order to determine areas that need improvement. It is also important to have strong research skills in order to determine the latest trends and solutions.

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Business Analyst, IT Tasks

  • Identify, communicate, and manage risks associated with projects.
  • Identify business or customer requirements and information technology alternatives.
  • Create project plans for information technology development and testing.
  • Translate requirements into new information technology project specifications.

Common Career Paths for Business Analyst, IT


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Though not the most common occurrence, IT Business Analysts sometimes become IT Program Managers, where the average income is $111K per year. It is quite typical for IT Business Analysts to transition into roles as Information Technology Project Managers or Senior Business Analysts, where reported median earnings are $17K and $16K higher per year.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


Leading companies who hire large numbers of IT Business Analysts include J.P. Morgan Chase & Co. (JPMCC), Accenture, Wipro Technologies Ltd., CGI Group Inc., and Hewlett-Packard Company. Although Chevron Corporation boasts the highest average salary in town at $93K, employee compensation still varies greatly — workers can make as little as $74K or as much as $157K. Other big spenders include Citibank, Bank of America Corp. (BOFA), and Citigroup, Inc., top-paying firms where IT Business Analysts see paychecks nearing $89K, $86K, or $82K.

Known for its small paychecks, CGI Group Inc. actually ranks last in the field for salary, reporting a median income of $46K — less than half of the top paying employer's rate. Other low-paying employers include HP Enterprise Services at $55K and Hewlett-Packard Company at $56K, though some IT Business Analysts there earn up to $97K.

Popular Skills for Business Analyst, IT


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Requirements Analysis, Business Analysis, Oracle, and Project Management are correlated to pay that is above average, with boosts between 3 percent and 6 percent. At the other end of the pay range are skills like Visual Basic, Windows Operating System General Use, and Microsoft Excel. Those proficient in Business Analysis are, more often than not, also skilled in Project Management and Microsoft Office.

Pay by Experience Level for Business Analyst, IT

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


Experience does not seem to be a strong driver of pay increase in this role. Salaries of relatively inexperienced workers fall in the neighborhood of $60K, but folks who have racked up five to 10 years see a notably higher median of $75K. The average pay reported by folks with 10 to 20 years of experience is around $85K. People who have worked for more than 20 years report a median income of $88K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location


IT Business Analysts will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 25 percent. IT Business Analysts will also find cushy salaries in New York (+17 percent), Los Angeles (+14 percent), Charlotte (+11 percent), and Boston (+10 percent). In Washington, salaries are 5 percent below the national average and represent the lowest-paying market. Not at the bottom but still paying below the median are employers in St. Louis and Austin (4 percent less).

Business Analyst, IT Reviews

What is it like working as a Business Analyst, IT?

Business Analyst, IT in Auburn Hills:
"Team Work And Diverse Projects."
Pros: I get to help people solve problems they have with our software everyday and work with developers to make it better.
Cons: Stressful timeline that is hard to predict.

Business Analyst, IT in Lubbock:
Pros: I most enjoy the changes that each day brings. Nothing stays the same in the healthcare industry, and you have to stay focused every day.
Cons: I least like the lack of accountability that people want to take. It is very difficult to get certain tasks and projects completed when people do not want to take responsibility for them.

Business Analyst, IT in Hartford:
"Bridging Together The People And Technology To Drive Solutions."
Pros: Being able to work with people; understanding the system and gaining a holistic view of everything going on; using my creative mindset, I am able to come up with solutions.
Cons: Dependencies on other people mean that when you can meet deadlines is sometimes out of your control; there is frequent change because the customer does not always know what they want.

Related Job Salaries

United States (change)

Experience Affects Business Analyst, IT Salaries




National Average
$68,000


Skills That Affect Business Analyst, IT Salaries



Project Management
up arrow 3%

Oracle
up arrow 3%

Microsoft Sharepoint Server
up arrow 2%

National Average
$68,000

SQL
up arrow 1%

Data Analysis
up arrow 2%

Microsoft SQL Server
up arrow 4%





up arrow 7%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1496 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
5%
1-4 years
40%
5-9 years
30%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 13%
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