Business Analyst, IT Salary

IT Business Analysts in the United States take home approximately $66K per year on average. The income range spans the entire spectrum between $46K and $102K per year. Final cash compensation to IT Business Analysts varies from around $46K to approximately $102K; choice pay grades include potential for bonuses and profit sharing as high as $10K and $7K, respectively. This group's pay is mainly influenced by the specific employer, followed by years of experience and geographic location. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The majority of IT Business Analysts claim high levels of job satisfaction. This report is based on responses to the PayScale salary survey.
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$46,517 - $94,091
(Median)
$47K
$66K
$94K
MEDIAN: $66,235
10%
50%
90%

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$18.36 - $60.66
(Median)
$18
$36
$61
MEDIAN: $36.00
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
$46,517 - $94,091  
   
Bonus
$0.00 - $10,045  
Profit Sharing
$293.61 - $6,819  
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).
)
$46,268 - $101,650  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 7,563
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
$18.36 - $60.66  
   
Overtime
$21.40 - $60.82  
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 - $10,045  
   
Commission
$0.00 - $5,896  
Profit Sharing
$293.61 - $6,819  
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).
)
$46,268 - $101,650  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 999
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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.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


Many IT Business Analysts can be found at J.P. Morgan Chase & Co. (JPMCC), Accenture, Wipro Technologies Ltd., Hewlett-Packard Company, and CGI Group Inc., firms that are at the top of the field. IT Business Analysts seeking a sizable paycheck can earn the most at Chevron Corporation, where the median salary comes to $93K, though the large pay difference between employees at the top ($74K) and those starting out ($157K) creates a rather diverse pay scale. Also paying near the top of the field are Citibank at $89K, Bank of America Corp. (BOFA) at $86K, and Citigroup, Inc., where IT Business Analysts annually earn $82K.

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 employer's rate. Other low-paying employers include HP Enterprise Services at $55K and Hewlett-Packard Company at $57K, though some IT Business Analysts there earn up to $97K.

Popular Skills for Business Analyst, IT


IT Business Analysts seem to exploit a large range 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. Skills that are correlated to lower pay, on the other hand, include Visual Basic, Windows Operating System General Use, and HTML. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Salaries for the relatively untried average out to around $61K, but survey participants with five to 10 years of experience earn a significantly higher median of $75K. People with 10 to 20 years of experience make an average of about $85K in this role. 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, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. IT Business Analysts will also find cushy salaries in New York (+17 percent), Los Angeles (+14 percent), Charlotte (+11 percent), and Boston (+9 percent). Trailing the national average by 4 percent, Washington is the market with the smallest paychecks. On the whole, employers pay 4 percent below the median salary for those in this field in St. Louis and Austin.

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%







up arrow 8%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1392 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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