Business Systems Analyst Salary
An average Business Systems Analyst in the United States can expect to take home roughly $67K per year. Cash earnings of Business Systems Analysts can occasionally include $10K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $49K to almost $102K. The specific employer is the biggest factor affecting pay for this group, followed by the particular city and years of experience. A large number report receiving medical coverage from their employers and most collect dental insurance. Most Business Systems Analysts report high levels of job satisfaction. There are more male Business Systems Analysts than female among those who completed the questionnaire, making up 60 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
Job Description for Business Systems Analyst
Business systems analysts are responsible for the analysis, adjustment and restructuring of different aspects of a business. It is a business systems analyst's responsibility to ensure that a business’s structure is meeting top output efficiency. Business system analysts work closely with individuals at all levels of employment to see what is and isn't working in the most efficient manner possible. They are responsible for interacting with and addressing employees at all levels in a professional manner while providing constructive criticism that is conducive to the restructuring of current systems. Travel may be required in order to gain a more intimate understanding of current methods of conducting business. Business systems analysts are responsible for identifying and addressing current and future business needs within the realms of currently accessible resources. They are responsible for advising on the allocation of resources in such a way that minimizes waste and maximizes efficient use and profitability. Most work for business systems analysts is done off site and requires little to no physical activity beyond walking, standing, driving and talking. Their positions are ongoing requiring multiple follow ups on completed work and flexible availability for future consultation. Business systems analysts must have a functional understanding of software systems and at least fundamental understanding of software coding. They must be completely proficient in Microsoft Office and have interpersonal communication skills. Business system analysts must be prepared to address any concerns that arise during any restructuring of existing systems and adequately explain advantages and disadvantages to any stem changes made under their supervision.
Business Systems Analyst Tasks
- Determine solutions to business software/hardware system problems.
- Analyze business processes and write system process specifications to be used.
- Work with clients to determine their business needs to transform them into information technology system requirements.
Common Career Paths for Business Systems Analyst
As Business Systems Analysts transition into upper-level roles such as IT Senior Project Manager, they may see a strong upturn in salary. IT Senior Project Managers earn $112K on average per year. Senior Business Analysts or Information Technology Project Managers are common next-step roles for Business Systems Analysts moving up in their careers; annual pay for Senior Business Analysts is $16K higher on average, and it's $17K higher for Information Technology Project Managers.
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Popular Employer Salaries for Business Systems Analyst
Dominating the field, Booz, Allen, and Hamilton, The PNC Financial Services Group, Inc., Liberty Mutual Insurance Group, Epsilon, and J.P. Morgan Chase & Co. (JPMCC) are top firms with a reputation for hiring a great number of Business Systems Analysts. Heading up the field in terms of compensation, Capital One Financial Corp offers the most; Business Systems Analysts earn $100K on average there. Business Systems Analysts will also find cushy salaries at Navy Federal Credit Union (+$81K), J.P. Morgan Chase & Co. (JPMCC) (+$77K), and Liberty Mutual Insurance Group (+$75K).
Also approaching the lower end are Mckesson Health Solutions at $52K, Epsilon at $55K, and The PNC Financial Services Group, Inc. at $60K.
Popular Skills for Business Systems Analyst
Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Oracle, Requirements Analysis, Microsoft Visio, and Business Analysis are correlated to pay that is above average, with boosts in pay of 6 percent. At the other end of the pay range are skills like Windows Operating System General Use, Microsoft Access, and Microsoft Excel. Those proficient in Requirements Analysis are, more often than not, also skilled in Project Management and Data Analysis. For most people, competency in Business Analysis indicates knowledge of Data Analysis and Project Management.
Pay by Experience Level for Business Systems Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Business Systems Analysts do not generally earn higher incomes from more experience in the field. Relatively untried employees who have less than five years' experience make $62K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $75K. Business Systems Analysts claiming one to two decades of experience make an estimated median of $83K. Veterans who have acquired more than 20 years report a median income of $93K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Business Systems Analysts, 39 percent above the national average. Business Systems Analysts will also find cushy salaries in Washington (+14 percent), New York (+13 percent), Los Angeles (+12 percent), and Boston (+12 percent). Falling short of the national average by 7 percent, the area with the worst salaries is Minneapolis. Two other places where employers salaries are below the median are Philadelphia and Houston (6 percent lower).
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