Business Analyst, IT Salary

The average IT Business Analyst in the United States can expect to rake in roughly $66K per year. Earnings generally vary between $46K and $101K per year. In the world of IT Business Analysts, total cash compensation can vary between $46K and $101K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $10K and $7K, respectively. The specific employer is the biggest factor affecting pay for this group, followed by years of experience and location. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most IT Business Analysts like their work and job satisfaction is high. This report is based on answers to PayScale's salary questionnaire.
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$46,011 - $93,603
(Median)
$46K
$66K
$94K
MEDIAN: $65,872
10%
50%
90%

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$18.19 - $60.60
(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
$46,011 - $93,603  
   
Bonus
$0.00 - $10,033  
Profit Sharing
$389.78 - $6,896  
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).
)
$45,741 - $101,325  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 7,351
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
$18.19 - $60.60  
   
Overtime
$22.10 - $59.93  
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 - $10,033  
   
Commission
$0.00 - $5,896  
Profit Sharing
$389.78 - $6,896  
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).
)
$45,741 - $101,325  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 993

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Job Description for Business Analyst, IT

An IT Business Analyst's job is to create project plans for information technology development and testing. Their goal is to identify how information technology can help satisfy business and customer requirements. IT business analysts are responsible to overseeing and contributing to all aspects of IT projects within an organization, including identifying, communicating and managing any risks associated with projects. It is the IT business analyst's job to translate requirements into new information technology project specifications. IT business analysts work in a variety of industries. In fact, the scope of industry opportunities for these types of analysts is virtually unlimited. Any business which uses or has the potential to use computer technologies could us an IT business analyst- either for internal business purposes, or to help satisfy customer needs. Work settings are typical office settings and co-workers include leaders and consultant from different departments, programmers and other analysts. Companies who hire IT business analysts are typically looking for those who have completed a four year degree in computer science, engineering, management information systems, or something very similar. A typical day may include brainstorming both within and outside the IT department in order to test different ideas, testing prototype software implementations, consulting with different departments, and developing new systems. A typical work week for an IT business analyst is 40 hours per week, but could be more depending on what is being worked upon and what deadlines must be met.


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 IT Business Analysts do not often become IT Program Managers, the job pays $111K per year on average. When IT Business Analysts are ready for the next step in their careers, they often become Information Technology Project Managers or Senior Business Analysts. Those roles pay an additional $17K and $16K, 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. 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. 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. lags the field greatly in terms of pay, offering 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 $56K, though 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, with boosts between 4 percent and 7 percent. Skills that pay less than market rate include 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 and pay tend to be weakly linked for IT Business Analysts — those with more experience do not necessarily bring in higher earnings. Relatively untried employees who have less than five years' experience make $60K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $75K. IT Business Analysts claiming one to two decades of experience make an estimated median of $85K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $87K.

Pay Difference by 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 (+14 percent), Charlotte (+10 percent), and Houston (+10 percent). Those in the field find the lowest salaries in Washington, 4 percent below the national average. Employers pay around 4 percent less in St. Louis and 3 percent less in Austin, below-median salaries for those in this field.

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

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Experience Affects Business Analyst, IT Salaries




National Average
$68,000


Skills That Affect Business Analyst, IT Salaries



Oracle
up arrow 4%

Project Management
up arrow 3%

Microsoft Sharepoint Server
up arrow 2%

National Average
$68,000

SQL
up arrow 1%

Data Analysis
up arrow 1%

Microsoft SQL Server
up arrow 4%





up arrow 7%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 1555 votes.

Gender

Female
41 %
Male
59 %

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: 64% employee benefits None: 12%