Business Analyst, IT Salary

IT Business Analysts in the United States can expect to earn an average of $67K per year. Lower pay rates hover around $47K, and the higher rates verge on $102K per year. In the world of IT Business Analysts, overall income ranges from $47K near the bottom to $102K at the top; this can include more than $10K from bonuses and more than $7K from profit sharing in exceptional cases. This group's pay is mainly influenced by the company, followed by tenure and geography. Job satisfaction for IT Business Analysts is high. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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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 typically move into roles as Information Technology Project Managers or Senior Business Analysts, and those positions pay $17K more and $15K more, respectively.

Business Analyst, IT Job Listings

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Popular Employer Salaries for Business Analyst, IT


Known for taking on a considerable number of IT Business Analysts, J.P. Morgan Chase & Co. (JPMCC), Accenture, Hewlett-Packard Company, Wipro Technologies Ltd., and CGI Group Inc. are leading firms in the industry. IT Business Analysts seeking a sizable paycheck can earn the most at Citibank, where the median salary comes to $89K, though the large pay difference between employees at the top ($49K) and those starting out ($177K) creates a rather diverse pay scale. Other big spenders include Bank of America Corp. (BOFA), Cognizant, and Wipro Technologies Ltd., top-paying firms where IT Business Analysts see paychecks nearing $88K, $82K, or $76K.

The smallest paychecks in the field are found at CGI Group Inc., where the median salary is a mere $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 substantial tool kit of skills at work. 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 seem to negatively impact pay include HTML, Visual Basic, and Windows Operating System General Use. Most people skilled in Business Analysis are similarly competent 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.


For IT Business Analysts, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $61K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $76K. After working for 10 to 20 years, IT Business Analysts make a median salary of $85K. IT Business Analysts who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $88K on average.

Pay Difference by Location

National Average: $69,274

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

For IT Business Analysts, San Francisco provides a pay rate that is 25 percent greater than 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). Those in the field find the lowest salaries in St. Louis, 5 percent below the national average. Employers pay around 4 percent less in Austin and 2 percent less in Washington, 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 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


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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