Business Analyst, IT Salary

The average IT Business Analyst in the United States earns approximately $66K per year. Compensation ranges between $46K and $102K per year. Including potential for bonuses and profit sharing — peaking near $10K and $7K, respectively — total cash payment to IT Business Analysts can bottom out near $46K or peak near $102K depending on individual performance. The specific employer is the main element affecting pay for this group — career duration and geographic location are driving factors as well. 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 figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$46,635 - $94,223

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$18.49 - $60.93

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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$50K$100K$150K
Salary
$46,635 - $94,223  
   
Bonus
$0.00 - $10,047  
Profit Sharing
$295.46 - $6,799  
Commission
$0.00 - $5,000  
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).
)
$46,390 - $101,832  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 7,611
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$25$50$75
Hourly Rate
$18.49 - $60.93  
   
Overtime
$21.73 - $60.82  
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 - $10,047  
   
Commission
$0.00 - $5,000  
Profit Sharing
$295.46 - $6,799  
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).
)
$46,390 - $101,832  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,005
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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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While not commonly seen, IT Business Analysts who transition into an IT Program Manager position may see a rise in pay. The median salary for IT Program Managers 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 $15K higher per year.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


Dominating the field, J.P. Morgan Chase & Co. (JPMCC), Accenture, Wipro Technologies Ltd., Hewlett-Packard Company, and CGI Group Inc. are top firms with a reputation for hiring a great number of IT Business Analysts. Although Chevron Corporation leads the field in pay with a median salary of $93K, employees there receive a wide spread of salaries, from $74K on the low end all the way up to $157K at the top. Other big spenders include Citibank, Bank of America Corp. (BOFA), and Cognizant, top-paying firms where IT Business Analysts see paychecks nearing $89K, $86K, or $82K.

CGI Group Inc. offers the lowest pay in the industry by far, with a median salary less than half of the top paying employer's rate ($46K). Other low-paying employers include HP Enterprise Services at $55K and Hewlett-Packard Company at $59K, though some IT Business Analysts there earn up to $96K.

Popular Skills for Business Analyst, IT


IT Business Analysts report using a deep pool of skills 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. Skills that pay less than market rate include Visual Basic, Windows Operating System General Use, and HTML. Most people familiar with Business Analysis also know 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. Respondents with less than five years' experience take home $61K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $75K. IT Business Analysts claiming one to two decades of experience make an estimated median of $85K. IT Business Analysts who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $88K.

Pay Difference by Location


For IT Business Analysts, busy San Francisco offers a higher-than-average pay rate, 25 percent above the national average. IT Business Analysts will also find cushy salaries in New York (+18 percent), Los Angeles (+14 percent), Charlotte (+11 percent), and Boston (+9 percent). St. Louis is the lowest-paying area, 4 percent south of the national average. Employers in Washington and Austin also lean toward paying below-median salaries (4 percent less).

Business Analyst, IT Reviews

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

Business Analyst, IT in Topeka:
"Work as middle man between developers and system users."
Pros: I like testing new systems and trying to break them!
Cons: I dislike the politics that come from upper level management.

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.

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Experience Affects Business Analyst, IT Salaries




National Average
$69,000


Skills That Affect Business Analyst, IT Salaries



Project Management
up arrow 3%

Oracle
up arrow 3%

Microsoft Sharepoint Server
up arrow 1%

National Average
$69,000

SQL
up arrow 1%

Data Analysis
up arrow 1%

Microsoft Word
up arrow 4%






up arrow 8%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1378 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: 77%
vision benefits Vision: 65% employee benefits None: 13%
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