Business Analyst, Finance/Banking Salary

Commissions constitute a big slice (approximately one-half on average) of overall compensation for Finance & Banking Business Analysts, and the median take-home for this group lies near $62K. Total incomes of Finance & Banking Business Analysts incorporate potential for, in a few cases, more than $13K from bonuses and close to $12K from profit sharing; these performance components cause packages to range between $41K and $101K. The most influential factor affecting pay for this group is residence, though the company and tenure have a (lesser) impact as well. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Men make up a slight majority of Finance & Banking Business Analysts (59 percent) who responded to the survey. Most Finance & Banking Business Analysts like their work and job satisfaction is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$42,048 - $94,087
$42K
$61K
$94K
MEDIAN: $61,218
10%
50%
90%

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$15.30 - $49.22
$15
$24
$49
MEDIAN: $24.28
10%
50%
90%

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$0$100K
Salary $42,048 - $94,087
Bonus $958 - $14,243
Profit Sharing $0.00 - $11,047
Commission $29,479
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).
)
$41,082 - $100,964
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,672
Hourly Data $0$50
Hourly Rate $15.30 - $49.22
Hourly Tips $4.44
Overtime $19.50 - $50.65
Annual Data $0$100K
Bonus $958 - $14,243
Commission $29,479
Profit Sharing $0.00 - $11,047
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).
)
$41,082 - $100,964
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 259

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Business Analyst, Finance/Banking

A business analyst is someone who scrutinizes the financial aspects of the business and determines if there are any changes that could be made to make the business more successful. A successful analyst needs a detailed mind that is able to analyze data and come to conclusions based on this data. Based on these conclusions the analyst makes recommendations and changes to improve the business.

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Business Analyst, Finance/Banking Tasks

  • Coordinate, organize and direct organization of projects and processes related to the financial sector of the business.
  • Develop and implement goals and procedures related to management of financial aspects of the business.
  • Gather, analyze and interpret data in areas such as budgets, financial planning and forecasting, cash flow projections, etc.

Common Career Paths for Business Analyst, Finance/Banking


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Finance & Banking Business Analysts who go on to become Management Consultants may see their salaries climb quite a bit. Median pay for Management Consultants is $93K annually. Senior Financial Analysts or Senior Business Analysts are common next-step roles for Finance & Banking Business Analysts moving up in their careers; annual pay for Senior Financial Analysts is $14K higher on average, and it's $23K higher for Senior Business Analysts.

Business Analyst, Finance/Banking Job Listings

Popular Employer Salaries for Business Analyst, Finance/Banking


Finance & Banking Business Analysts fill the offices of leading firms J.P. Morgan Chase & Co. (JPMCC), Bank of America Corp. (BOFA), U.S. Bank, The PNC Financial Services Group, Inc., and M&T Bank Corp. Capital One Financial Corp pays the most with a median salary of $79K, though with a large amount of variation, going from a low of $50K to a high of $103K. Other big spenders include The Bank of New York Mellon Corporation (BNY Mellon), Bank of America Corp. (BOFA), and Chase Bank, top-paying firms where Finance & Banking Business Analysts see paychecks nearing $75K, $73K, or $64K.

M&T Bank Corp offers the lowest compensation; the median salary there averages out to only $48K. The pay range is also narrow, ranging between $38K and $151K. Employees at U.S. Bank, The Northern Trust Company, and Citibank can also expect below-average earnings of $52K, $55K, and $59K.

Popular Skills for Business Analyst, Finance/Banking


Survey takers working as Finance & Banking Business Analysts report using a large range of professional skills. Most notably, skills in SAS, Process Improvement, SQL, and Project Management are correlated to pay that is above average, with boosts between 11 percent and 20 percent. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use, Document Review and Distribution, and Microsoft Word. Most people familiar with Microsoft Excel also know Microsoft Office and Financial Analysis. Most people familiar with Data Analysis also know Financial Analysis and Microsoft Office.

Pay by Experience Level for Business Analyst, Finance/Banking

Pay by Experience for a Business Analyst, Finance/Banking has a positive trend. An entry-level Business Analyst, Finance/Banking with less than 5 years of experience can expect to earn an average total compensation of $58,000 based on 926 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Business Analyst, Finance/Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $72,000 based on 379 salaries. An experienced Business Analyst, Finance/Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $79,000 based on 255 salaries. A Business Analyst, Finance/Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $83,000 based on 62 salaries.

Pay Difference by Location

National Average: $62,188

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

For Finance & Banking Business Analysts, San Francisco provides a pay rate that is 31 percent greater than the national average. Finance & Banking Business Analysts will also find cushy salaries in New York (+30 percent), Houston (+19 percent), Seattle (+14 percent), and Washington (+10 percent). The lowest-paying market is Buffalo, which sits 32 percent below the national average, proving that location is a significant contributor to overall pay. Employers in Pittsburgh and Columbus also lean toward paying below-median salaries (13 percent lower and 10 percent lower, respectively).

Business Analyst, Finance/Banking Reviews

Q: What is it like working as a Business Analyst, Finance/Banking?

Business Analyst, Finance/Banking in Louisville:
"Work flexibility, office conditions."
Pros: Flexibility.
Cons: Stress level, work load.

Related Job Salaries

Key Stats for Business Analyst, Finance/Banking

Gender

Female
41 %
Male
59 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 290 votes.
Less than 1 year
10%
1-4 years
49%
5-9 years
21%
10-19 years
16%
20 years or more
5%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Business Analyst, Finance/Banking Salaries

▲34%

▲28%

▲15%

National Average
$62,000

▼7%

Skills That Affect Business Analyst, Finance/Banking Salaries

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 290 votes.

Gender

Female
41 %
Male
59 %

Years of Experience

Less than 1 year
10%
1-4 years
49%
5-9 years
21%
10-19 years
16%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 79%
vision benefits
Vision: 69%
no benefits
None: 12%
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