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Business Analyst, IT Salary

IT Business Analysts in the United States pull down an average of $66K annually. Pay ranges from $46K on the low end to $101K 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, $6K from profit sharing, causing incomes to vary widely between $46K and $101K. The specific employer is the main element affecting pay for this group — tenure and location are driving factors as well. Job satisfaction is high and work is enjoyable for most IT Business Analysts. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$46,299 - $93,885
(Median)
$46K
$66K
$94K
MEDIAN: $66,070
10%
50%
90%

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$18.28 - $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
$46,299 - $93,885  
   
Bonus
$0.00 - $10,029  
Profit Sharing
$303.74 - $6,254  
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).
)
$46,036 - $101,455  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 7,499
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
$18.28 - $60.55  
   
Overtime
$22.26 - $60.40  
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 - $10,029  
   
Commission
$0.00 - $5,896  
Profit Sharing
$303.74 - $6,254  
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).
)
$46,036 - $101,455  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 998

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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 sometimes assume positions such as IT Program Managers. That role pays $111K per year on average. 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 $16K higher, respectively.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


IT Business Analysts flock to J.P. Morgan Chase & Co. (JPMCC), Accenture, Wipro Technologies Ltd., CGI Group Inc., and Hewlett-Packard Company, highly regarded companies that employ a generous number of people in this profession. Chevron Corporation pays the most with a median salary of $93K, though with a large amount of variation, going from a low of $74K to a high of $157K. Citibank, Bank of America Corp. (BOFA), and Citigroup, Inc. are a few other companies that offer generous salaries, with IT Business Analysts earning around $89K, $86K, or $82K at each firm, respectively.

CGI Group Inc. employees cannot expect much in terms of compensation — the median salary amounts to only $46K, less than half of the top paying company's rate. Others at the bottom of the scale for this job include HP Enterprise Services at $55K, and Hewlett-Packard Company where $56K is the norm, but it is worth noting that some IT Business Analysts there earn up to $97K.

Popular Skills for Business Analyst, IT


IT Business Analysts seem to wield many skills on the job. Most notably, skills in Requirements Analysis, Business Analysis, Oracle, and Project Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Visual Basic, Windows Operating System General Use, and HTML. Those educated in Business Analysis tend to be well versed 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 and pay tend to be weakly linked for IT Business Analysts — those with more experience do not necessarily bring in higher earnings. Survey participants with less than five years' experience pocket $61K on average, but those with five to 10 years of experience enjoy a much bigger median of $75K. On average, IT Business Analysts make $85K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $88K, but it's not much more than what less experienced people make.

Pay Difference by Location


For those looking to make money, IT Business Analysts in San Francisco enjoy an exceptional pay rate, 24 percent above the national average. IT Business Analysts can also look forward to large paychecks in cities like New York (+17 percent), Los Angeles (+15 percent), Charlotte (+11 percent), and Houston (+10 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in Washington. St. Louis and Austin are a couple other places where companies are known to pay below the median — salaries tend to be 4 percent less than the median.

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
$69,000


Skills That Affect Business Analyst, IT Salaries



Oracle
up arrow 3%

Project Management
up arrow 2%

Microsoft Sharepoint Server
up arrow 2%

National Average
$69,000

SQL
up arrow 1%

Data Analysis
up arrow 1%






up arrow 7%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1478 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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