Business Systems Analyst Salary
On average, commissions constitute a fair portion (approximately two-fifths) of final income for Business Systems Analysts. That final number averages out to $69K across the industry. Total cash earnings of Business Systems Analysts range from $49K on the low end to $102K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $11K, respectively. Earnings for this group are mostly affected by the specific employer, followed by the particular city and tenure. The majority of Business Systems Analysts (61 percent) survey respondents are male. The majority of Business Systems Analysts claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and most collect dental insurance. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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
Business Systems Analysts may experience a large salary bump if they progress into a role such as IT Senior Project Manager. The latter position pays an average of $112K annually. When Business Systems Analysts are ready for the next step in their careers, they often become Senior Business Analysts or Information Technology Project Managers. Those roles pay an additional $16K and $17K, respectively.
Business Systems Analyst Job Listings
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Popular Employer Salaries for Business Systems Analyst
Known for taking on a considerable number of Business Systems Analysts, Booz, Allen, and Hamilton, The PNC Financial Services Group, Inc., J.P. Morgan Chase & Co. (JPMCC), Liberty Mutual Insurance Group, and Fiserv Inc are leading firms in the industry. Capital One Financial Corp attracts talent by shelling out the biggest paychecks in the area — the median in that office is $100K. Other leaders in compensation levels are Navy Federal Credit Union at $81K, Liberty Mutual Insurance Group at $78K, and J.P. Morgan Chase & Co. (JPMCC), where Business Systems Analysts annually earn $77K.
Other low-paying employers include Mckesson Health Solutions at $52K and Epsilon at $53K, though some Business Systems Analysts there earn up to $96K.
Popular Skills for Business Systems Analyst
Business Systems Analysts seem to exploit a large range of skills on the job. Most notably, skills in Requirements Analysis, Microsoft Visio, Oracle, and Business Analysis are correlated to pay that is above average, with boosts in pay of 5 percent. Skills that pay less than market rate include Windows Operating System General Use, Microsoft Access, and Microsoft Excel. Those familiar with Business Analysis also tend to know Data Analysis and Project Management. Those who learned Requirements Analysis also tend to know Project Management and Data Analysis.
Pay by Experience Level for Business Systems Analyst
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Business Systems Analysts, extensive experience does not lead to significantly more money. Workers in their first five years can expect to earn $62K, but people who have been around for five to 10 years earn a noticeably bigger sum of $76K. After working for 10 to 20 years, Business Systems Analysts make a median salary of $84K. Business Systems 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 $92K on average.
Pay Difference by Location
For Business Systems Analysts, busy San Francisco offers a higher-than-average pay rate, 38 percent above the national average. Business Systems Analysts will also find cushy salaries in Los Angeles (+18 percent), New York (+13 percent), Washington (+13 percent), and Boston (+13 percent). In Minneapolis, salaries are 9 percent below the national average and represent the lowest-paying market. Employers also pay below the national average in Philadelphia (7 percent lower) and Houston (5 percent lower).
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