Business Analyst, IT Salary

The average IT Business Analyst in the United States can expect to rake in roughly $66K annually. Lower pay rates hover around $46K, and the higher rates verge on $102K per year. In the world of IT Business Analysts, total cash compensation can vary between $46K and $102K. 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 experience level and location. Most workers in this position report high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Respondents to the PayScale salary survey provided the data for this report.
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$46,347 - $94,153
(Median)
$46K
$66K
$94K
MEDIAN: $66,190
10%
50%
90%

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$18.27 - $60.54
(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
$46,347 - $94,153  
   
Bonus
$0.00 - $10,037  
Profit Sharing
$292.33 - $6,846  
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).
)
$46,084 - $101,583  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 7,555
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
$18.27 - $60.54  
   
Overtime
$21.96 - $60.89  
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 - $10,037  
   
Commission
$0.00 - $5,896  
Profit Sharing
$292.33 - $6,846  
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).
)
$46,084 - $101,583  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,001
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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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There are some IT Business Analysts — though it's uncommon — that transition into IT Program Managers, where earnings are an average $111K annually. IT Business Analysts moving up in their careers tend to step into positions as Information Technology Project Managers or Senior Business Analysts. The median paychecks in those roles are $17K higher and $16K higher, respectively.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


Leading companies who hire large numbers of IT Business Analysts include J.P. Morgan Chase & Co. (JPMCC), Accenture, Hewlett-Packard Company, Wipro Technologies Ltd., and CGI Group Inc. 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. Citibank, Bank of America Corp. (BOFA), and Citigroup, Inc. also offer top salaries for IT Business Analysts. Workers at these firms can expect to earn about $89K, $86K, and $82K, respectively.

CGI Group Inc. reports the lowest median salary in the area by far — it's 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 $57K is the norm, but it is worth noting that some IT Business Analysts there earn up to $96K.

Popular Skills for Business Analyst, IT


Survey respondents exploit a significant toolbox of skills in their work. 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. 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.


More years of relevant experience do not necessarily translate to higher paychecks. Although individuals who have less than five years' experience earn $61K on average, people with five to 10 years benefit from a notably larger average of $75K. IT Business Analysts with one to two decades of relevant experience report an average salary of approximately $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


Home to some of the best pay for IT Business Analysts, San Francisco offers exceptional salaries, 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 (+14 percent), Charlotte (+12 percent), and Houston (+9 percent). The smallest paychecks in the market, 5 percent south of the national average, can be found in Washington. Workers in St. Louis and Austin earn less than others in this profession; their salaries fall short of the national average by 4 percent.

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 1418 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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