Business Analysis is Financially Rewarding

Business Analysis is the set of tasks and techniques used to work as a liaison amongst stakeholders in order to understand the structure, policies and operation of an organization, and to recommend solutions that enable the organization to achieve its goals (BABOK v2.0).

Every prospective business analyst wants to know if the career chosen is financially rewarding. Yes it is and we will come to that in a minute. What we first need to clarify is that there is no ‘One Business Analyst that Fits All’. The role of a business analyst can take many forms and this depends on the organization’s structure and its requirements. In fact, what is a ‘Business Analyst’ in one company could be a ‘Systems Analyst’ in another.

The median household income in America across all jobs was $52,000 per annum. In contrast the median salary of a Business Analyst in the US is around $70,000 per annum. The salary trend for a BA is more or less same in every major geography. For instance, the average salary in UK is about £26,500 per year whereas that of a Business Analyst is £39,000 per year, or 47% more than the national average pay.

As with most professions, the higher the experience, the higher the salary of a business analyst. Next, where you work is also a major factor in deciding your BA salary. The below table gives you a good idea of the salaries based on experience and geography.

Well, we have only discussed about the financial benefits of being a business analyst but the list doesn’t stop here. There are scores of other benefits of being an analyst which we will discuss in another article.

It is clear that there is a growing demand for Business Analysts the world over. One of the best ways to distinguish yourself from the competition is to get trained and certified in business analysis. 

Imarticus Learning offers short term certification courses in Business Analysis, that culminate with an industry endorsed Business Analysis certificate. The program also prepares you to clear the CBAP exam, which is the gold standard for experienced Business Analysts. To learn more, please click here.