Business Analyst, IT Salary

For IT Business Analysts, annual average wages total $67K per year. Pay ranges from $47K on the low end to $102K per year on the high end. In the world of IT Business Analysts, overall cash allowance can occasionally include more than $10K from bonuses and, in some exceptional cases, $7K from profit sharing, causing incomes to vary widely between $47K and $102K. Earnings for this group are mostly affected by the specific employer, followed by experience level and location. For the most part, IT Business Analysts enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The data in this summary comes from the PayScale salary survey.
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$47,235 - $95,096
(Median)
$47K
$67K
$95K
MEDIAN: $66,913
10%
50%
90%

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$19.27 - $61.78
(Median)
$19
$37
$62
MEDIAN: $36.00
10%
50%
90%

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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
$47,235 - $95,096  
   
Bonus
$0.00 - $10,075  
Profit Sharing
$252.53 - $6,946  
Commission
$0.00  
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).
)
$47,036 - $102,391  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 8,185
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
$19.27 - $61.78  
   
Hourly Tips
$2.22  
Overtime
$19.98 - $61.48  
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 - $10,075  
   
Commission
$0.00  
Profit Sharing
$252.53 - $6,946  
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).
)
$47,036 - $102,391  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,086
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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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IT Business Analysts' salaries may rise greatly for those who assume a higher-end position such as an IT Program Manager. The average IT Program Manager brings home $112K per year. IT Business Analysts most often move into positions as Information Technology Project Managers or Senior Business Analysts; those groups report median salaries that are $17K higher and $15K higher, respectively.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


IT Business Analysts fill the offices of leading firms J.P. Morgan Chase & Co. (JPMCC), Accenture, Hewlett-Packard Company, Wipro Technologies Ltd., and CGI Group Inc. For IT Business Analysts, comfortable salaries can be found at Citibank; in fact, average earnings are around $89K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($49K versus $177K) is great. IT Business Analysts will also find cushy salaries at Bank of America Corp. (BOFA) (+$88K), Cognizant (+$82K), and Wipro Technologies Ltd. (+$76K).

Relative to other names in the field, compensation is very low at CGI Group Inc. — the median salary comes to just $45K, just about half of the top paying company's median. Other low-paying employers include Humana, Inc. at $55K and HP Enterprise Services at $55K, though some IT Business Analysts there earn up to $104K.

Popular Skills for Business Analyst, IT


Survey results imply that IT Business Analysts deploy a deep pool of skills on the job. Most notably, skills in Requirements Analysis, Business Analysis, Project Management, and Oracle are correlated to pay that is above average, with boosts between 4 percent and 5 percent. Skills that pay less than market rate include HTML, Visual Basic, and Windows Operating System General Use. The majority of those who know 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.


For IT Business Analysts, more experience in the field does not usually mean bigger paychecks. Those in the early stages of their career can expect to make around $61K; however, individuals with five to 10 years of experience bring in $76K on average — a distinctly larger sum. IT Business Analysts with one to two decades of relevant experience report an average salary of approximately $85K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $88K.

Pay Difference by Location

National Average: $69,274

Larger city markers indicate a job is popular in that location.

San Francisco offers some of the highest pay in the country for IT Business Analysts, 25 percent above the national average. IT Business Analysts will also find cushy salaries in New York (+18 percent), Los Angeles (+17 percent), Boston (+11 percent), and Seattle (+8 percent). With compensation 5 percent below the national average, St. Louis is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Austin and Washington also lean toward paying below-median salaries (4 percent lower and 2 percent lower, respectively).

Business Analyst, IT Reviews

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

Business Analyst, IT in Los Angeles:
"A great challenge."
Pros: I love the vast array of knowledge that I have gained just to be able to do my job. Bouncing from client to client, I need to learn (quickly, might I add) new skills and gain expertise in a new area so I can do my job well. It can be stressful at times, but I love the challenge, and feel I am a better all-around person now.
Cons: Sometimes my schedule is hectic, and it prevents me from being able to enjoy the things I like to do at home.

Business Analyst, IT in Vancouver:
"Large Learning Curve."
Pros: Interesting software and analysis to learn. And a diverse team of developers and analysts to work with.
Cons: The pay and sometime mundane testing periods of the software.

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.

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Experience Affects Business Analyst, IT Salaries




National Average
$69,000


Skills That Affect Business Analyst, IT Salaries


Business Analysis
up arrow 4%

Project Management
up arrow 4%

Oracle
up arrow 3%

Microsoft Sharepoint Server
0%

National Average
$69,000

SQL
up arrow 1%

Data Analysis
up arrow 2%

Microsoft Word
up arrow 3%







up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1306 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
5%
1-4 years
41%
5-9 years
29%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
medical benefits
Vision: 66%
dental benefits
None: 13%
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