According to Job Bank, a business analyst takes home an average salary of $93,734 per year or an hourly rate of $38.87. In an entry-level position, you start with a salary of $75,000 annually. As you improve your experience and qualifications, your earnings also increase gradually. That's why experienced business analysts take home $139,817 yearly.
what factors affect the salary of a business analyst?
As a business analyst, your salary depends on various factors, from the complexity of the tasks to your experience and company size. When you are in an entry-level position, your take-home salary is lower than business analysts in senior positions. The sector you work in also influences your earnings. For instance, a business analyst in IT is likely to earn higher than those working in other industries due to the complexity of their duties.
The size of the company you work for also affects your earnings. When you work for a large company with unlimited resources, you receive a higher salary due to the level of expertise required. Smaller start-ups may not have the budget or resources to pay higher salaries.
