{"id":264744,"date":"2024-07-09T08:50:22","date_gmt":"2024-07-09T08:50:22","guid":{"rendered":"https:\/\/imarticus.org\/blog\/?p=264744"},"modified":"2024-07-25T11:00:01","modified_gmt":"2024-07-25T11:00:01","slug":"business-analytics-salary-trends","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/business-analytics-salary-trends\/","title":{"rendered":"Shocking Business Analytics Salary Trends: How Much Could You Be Earning in 2024?"},"content":{"rendered":"\r\n<p><span style=\"font-weight: 400;\">Whenever looking for a job, one of the first thoughts that strikes an individual is \u201cWhat will be my pay scale?\u201d As a business analyst, there are a lot of opportunities available to an individual as of 2024 because this job role is quite in demand.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">As per a report published by the <\/span><a href=\"https:\/\/www.bls.gov\/ooh\/business-and-financial\/management-analysts.htm\"><span style=\"font-weight: 400;\">US Bureau of Labor Statistics projects<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> will experience a steep growth of somewhere around 10% between the years 2022 and 2032. This will also make the profession of business analytics, grow faster and steeper than any other profession for that matter. Business analysts are in demand already, and it is expected to experience more growth in the coming years.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The COVID-19 pandemic has acted as a catalyst for the digital revolution and has acted as a mean factor for the demand of business analysts. However, there is a lack of analytically-driven individuals, and hence, <\/span><span style=\"font-weight: 400;\">business analytics job salary<\/span><span style=\"font-weight: 400;\"> have scaled greater heights. it acts as an incentive to draw competent and skilled personnel towards a company.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Factors Affecting Business Analyst Salary<\/span><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analysts have to perform various and diverse functions within an organisation. <\/span><span style=\"font-weight: 400;\">Business analytics salary<\/span><span style=\"font-weight: 400;\"> depends upon various factors. The following are the determinant factors of business analytics job salary:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Location<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">business analytics careers<\/span><span style=\"font-weight: 400;\"> are a wide domain and their salaries highly depend upon the job location one chooses to work in. For example, a person who is a business analyst in Bangalore city will have a higher pay scale than a person working in the same job role in Thiruvananthapuram. It is decided by the cost of living index and the popularity of the job role in a particular city.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Specific role<\/b><span style=\"font-weight: 400;\">: <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> also differs based on the job title or job role of an individual. A person who is a business analyst in finance, IT or marketing will have a higher pay scale compared to a business analyst in the sales or technical department.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Skillset<\/b><span style=\"font-weight: 400;\">: Skillset makes a huge difference in the salaries of individuals for a job role. A business analyst having varied and diverse skills with effective performance will be paid a higher salary. On the other hand, business analysts possessing limited skills will be paid considerably less.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Experience<\/b><span style=\"font-weight: 400;\">: One of the most important determining factors of <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> is the amount of experience an individual possesses. An inexperienced person will earn relatively less than a person who has a considerable amount of experience in this field.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Industry\/Sector<\/b><span style=\"font-weight: 400;\">: another significant factor is the sector in which an individual is working. A business analyst working in the IT sector will have a higher pay scale than a business analyst working in the healthcare sector. The rise in technology has prioritised the technological sector, enabling the business analyst of this industry to be more in demand than those of the sales, and consultancy sectors.<\/span><\/li>\r\n\r\n\r\n\r\n<li><b>Certifications\/Credentials<\/b><span style=\"font-weight: 400;\">: Accredited certifications in business analysis are a powerful way to stand out in a competitive field. These programs not only enhance your knowledge and skillset but also demonstrate your commitment to the profession, potentially leading to higher earning potential and faster career advancement compared to uncertified peers.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Business Analytics Salary in 2024<\/span><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analysts are critical for organisations of all sizes, making them a sought-after skillset worldwide. Their dynamic <a href=\"https:\/\/imarticus.org\/blog\/what-is-main-role-of-business-analyst\/\"><strong>roles<\/strong><\/a> and the impact they bring command lucrative salaries. However,<\/span><span style=\"font-weight: 400;\"> business analytics salary<\/span><span style=\"font-weight: 400;\"> vary depending on various factors such as skills, certifications, location and experience.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Business Analyst Salary: Based on Experience<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">One major parameter affecting a business analyst\u2019s salary is their experience. Candidates with more experience are offered a higher salary. Given below is the salary structure of business analysts, which varies based on their experience.<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Beginner<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The average junior <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> in India is <\/span><a href=\"https:\/\/www.glassdoor.co.in\/Salaries\/business-analyst-salary-SRCH_KO0,16.htm\"><span style=\"font-weight: 400;\">INR 5 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum. If someone wishes to upskill themselves in this domain, they can enrol for the <\/span><span style=\"font-weight: 400;\">Senior Management Programme in Business Analytics, IIM Calcutta<\/span><span style=\"font-weight: 400;\"> by Imarticus and explore the advantages of this course.<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Intermediate<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The average salary of an intermediate-level business analyst in India with almost 5 years of experience is <\/span><a href=\"https:\/\/www.ambitionbox.com\/profile\/senior-business-analyst-salary?experience=5\"><span style=\"font-weight: 400;\">INR 12.7 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> annually.<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Advanced<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The average salary of a senior business analyst with an immense amount of experience for more than a decade in India is <\/span><a href=\"https:\/\/www.ambitionbox.com\/profile\/senior-business-analyst-salary?experience=11\"><span style=\"font-weight: 400;\">INR 18.3 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> annually.<\/span><\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Business Analytics Salary: Based on Location<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Another main factor that affects<\/span> <span style=\"font-weight: 400;\">business analytics jobs salary <\/span><span style=\"font-weight: 400;\">is the location of the job. Here is a comparison of the salaries of business analysts based in different countries and cities.<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">India<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analytics salary in India<\/span><span style=\"font-weight: 400;\"> vary based on which city or state in India one is working in. In the table given below, the salaries of business analytics professionals working in different cities in India are mentioned:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">New Delhi<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/new-delhi-location?experience=0\"><span style=\"font-weight: 400;\">INR 4.5 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Mumbai<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/mumbai-location?experience=0\"><span style=\"font-weight: 400;\">INR 4.3 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Pune<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/pune-location?experience=0\"><span style=\"font-weight: 400;\">INR 4.7 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Kolkata<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/kolkata-location?experience=0\"><span style=\"font-weight: 400;\">INR 4 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Hyderabad<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/hyderabad-location?experience=0\"><span style=\"font-weight: 400;\">INR 4.2 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Noida<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/salaries\/tcs-salaries\/business-analyst\/noida-location?experience=0\"><span style=\"font-weight: 400;\">INR 5.3 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">USA<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Different cities in the United States have varied salaries for <\/span><span style=\"font-weight: 400;\">business analytics careers<\/span><span style=\"font-weight: 400;\">. The most popular cities with this job role are stated as follows:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Plato<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/Plano--TX?from=top_sb\"><span style=\"font-weight: 400;\">USD 94,715<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Tampa<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/Tampa--FL?from=top_sb\"><span style=\"font-weight: 400;\">USD 93,967<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Chicago&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/Chicago--IL?from=top_sb\"><span style=\"font-weight: 400;\">USD 86,593<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Phoenix&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/Phoenix--AZ?from=top_sb\"><span style=\"font-weight: 400;\">USD 85,908<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Dallas<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/Dallas--TX?from=top_sb\"><span style=\"font-weight: 400;\">USD 79,289<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">New York<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.indeed.com\/career\/business-analyst\/salaries\/New-York--NY?from=top_sb\"><span style=\"font-weight: 400;\">USD 99,444 <\/span><\/a><span style=\"font-weight: 400;\">per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">United Kingdom<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Here are the salaries in the United Kingdom depending on the cities:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">London<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/uk.indeed.com\/career\/business-analyst\/salaries\/London?from=top_sb\"><span style=\"font-weight: 400;\">GBP 53,941<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Westminster<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/uk.indeed.com\/career\/business-analyst\/salaries\/Westminster?from=top_sb\"><span style=\"font-weight: 400;\">GBP 45,570<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Richmond upon Thames<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/uk.indeed.com\/career\/business-analyst\/salaries\/Richmond-upon-Thames?from=top_sb\"><span style=\"font-weight: 400;\">GBP 36,822<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Uxbridge<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/uk.indeed.com\/career\/business-analyst\/salaries\/Uxbridge?from=top_sb\"><span style=\"font-weight: 400;\">GBP 42,460<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Australia<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> is based on which city in Australia they work in. The table shows the salaries of the top cities:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Melbourne<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/au.indeed.com\/career\/business-analyst\/salaries\/Melbourne-VIC?from=top_sb\"><span style=\"font-weight: 400;\">AUD 1,05,260<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Sydney<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/au.indeed.com\/career\/business-analyst\/salaries\/Sydney-NSW?from=top_sb\"><span style=\"font-weight: 400;\">AUD 1,04,626<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Brisbane<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/au.indeed.com\/career\/business-analyst\/salaries\/Brisbane-QLD?from=top_sb\"><span style=\"font-weight: 400;\">AUD 1,06,850<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Canada<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Different cities in Canada have different salaries for business analytics experts. The salaries of different cities have been elucidated below in the mentioned:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Montreal&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/ca.indeed.com\/career\/business-analyst\/salaries\/Montr%C3%A9al--QC?from=top_sb\"><span style=\"font-weight: 400;\">CAD 82,544<\/span><\/a><span style=\"font-weight: 400;\"> per annum&nbsp;<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Toronto&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/ca.indeed.com\/career\/business-analyst\/salaries\/Toronto--ON?from=top_sb\"><span style=\"font-weight: 400;\">CAD 74,648<\/span><\/a><span style=\"font-weight: 400;\"> per annum&nbsp;<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Ottawa&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/ca.indeed.com\/career\/business-analyst\/salaries\/Ottawa--ON?from=top_sb\"><span style=\"font-weight: 400;\">CAD 77,535<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><h3><span style=\"font-weight: 400;\">Singapore<\/span><\/h3><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">AWS security experts are paid differently in different cities in Singapore. The following table shows the salaries of the top cities:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>City<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Woodlands<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/sg.indeed.com\/career\/business-analyst\/salaries\/Woodlands\"><span style=\"font-weight: 400;\">SGD 82,358<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Bedok<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/sg.indeed.com\/career\/business-analyst\/salaries\/Bedok?from=top_sb\"><span style=\"font-weight: 400;\">SGD 75,049<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">Outram<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/sg.indeed.com\/career\/business-analyst\/salaries\/Outram?from=top_sb\"><span style=\"font-weight: 400;\">SGD 80,561<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Business Analyst Salary: Based on Industry<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analytics careers<\/span><span style=\"font-weight: 400;\"> differ in job roles based on industries. Hence, <\/span><span style=\"font-weight: 400;\">business analytics salary<\/span><span style=\"font-weight: 400;\"> are also different in several sectors. The sector which is booming offers higher packages to its employees when compared to the industries facing stagnant and low returns.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Salaries of business analysts based on various industries are given in the table:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>Industry<\/b><span style=\"font-weight: 400;\">&nbsp;<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> IT services and consulting<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/it-services-and-consulting-industry\"><span style=\"font-weight: 400;\">INR 9.5 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> financial services<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/financial-services-industry\"><span style=\"font-weight: 400;\">INR 10.6 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> hardware and networking<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/hardware-and-networking-industry\"><span style=\"font-weight: 400;\">INR 9.1 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> engineering and construction<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/engineering-and-construction-industry\"><span style=\"font-weight: 400;\">INR 10.1 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> fashion and textile<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/fashion-and-textile-industry\"><span style=\"font-weight: 400;\">INR 11 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">investment banking, venture capital, private equity<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/investment-banking-or-venture-capital-or-private-equity-industry\"><span style=\"font-weight: 400;\">INR 12.3 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> oil, gas, petrochemicals<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/oil-or-gas-or-petro-chemicals-industry\"><span style=\"font-weight: 400;\">INR 23 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> marketing and advertising<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/marketing-and-advertising-industry\"><span style=\"font-weight: 400;\">INR 7.5 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> sports and recreation<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/sports-and-recreation-industry\"><span style=\"font-weight: 400;\">INR 10.1 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\"> banking, insurance, accounting<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary\/banking-or-insurance-or-accounting-industry\"><span style=\"font-weight: 400;\">INR 11.6 lakhs <\/span><\/a><span style=\"font-weight: 400;\">per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Business Analyst Salary: Based on Job Title<\/span><\/h3>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">A business analyst has to perform various operations, and it is not possible for one single person to be equipped with the skills that are required in every sector. That is why various designations or job titles have been assigned to the individuals working as business analysts.&nbsp;<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analytics salary<\/span><span style=\"font-weight: 400;\"> varies based on the job title as well. Summary of salaries on the basis of job titles have been enumerated as follows:<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><b>Job Title<\/b><\/td><td class=\"has-text-align-center\" data-align=\"center\"><b>Average Salary<\/b><span style=\"font-weight: 400;\">&nbsp;<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in data science and analytics<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=data-science-analytics\"><span style=\"font-weight: 400;\">INR 9.7 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in project and program management<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=project-program-management\"><span style=\"font-weight: 400;\">INR 10.7 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in product management<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=product-management\"><span style=\"font-weight: 400;\">INR 11.1 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">legal and regulatory business analyst<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=legal-regulatory\"><span style=\"font-weight: 400;\">INR 7 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">media production, and entertainment business analyst<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=media-production-entertainment\"><span style=\"font-weight: 400;\">INR 4.2 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in IT and information security<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=it-information-security\"><span style=\"font-weight: 400;\">INR 10.5 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">procurement and supply chain business analyst<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=procurement-supply-chain\"><span style=\"font-weight: 400;\">INR 9 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in content, editorial and journalism<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=content-editorial-journalism\"><span style=\"font-weight: 400;\">INR 8.6 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in UX design and architecture<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=ux-design-architecture\"><span style=\"font-weight: 400;\">INR 6.3 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"font-weight: 400;\">business analyst in customer success, service, and operations<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\"><a href=\"https:\/\/www.ambitionbox.com\/profile\/business-analyst-salary?department=customer-success-service-operations\"><span style=\"font-weight: 400;\">INR 9.9 lakhs<\/span><\/a><span style=\"font-weight: 400;\"> per annum<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">What Can You Do To Increase Your Salary?<\/span><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analysts are responsible for managing dynamic tasks, which require various types of hard and soft skills. The ever-evolving digital era makes the role of business analysts even more challenging as they need to match the industry demands now and then.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">However, one can enrol for <\/span><a href=\"https:\/\/imarticus.org\/senior-management-programme-in-business-analytics-iim-calcutta\/\"><strong>business analytics courses<\/strong><\/a><span style=\"font-weight: 400;\"> in order to improve their skills, which will ultimately result in a salary hike.&nbsp;<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Individuals can consider the following tips which will help them to elevate their annual salary packages:<\/span><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><span style=\"font-weight: 400;\">Gain advanced degrees such as master&#8217;s and PhD and earn a specialisation in a particular field.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Take up effective certification courses that are beneficial for improving one\u2019s skill set.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">Seek an opportunity where one can take up managerial and leadership positions that can validate their expertise and result in increased income.<\/span><\/li>\r\n\r\n\r\n\r\n<li><span style=\"font-weight: 400;\">One may explore the booming industries in order to secure a high salary package.<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Future Trend<\/span><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/business.linkedin.com\/talent-solutions\/resources\/talent-acquisition\/jobs-on-the-rise-us\"><span style=\"font-weight: 400;\">LinkedIn 2021 Report for Jobs On The Rise<\/span><\/a><span style=\"font-weight: 400;\"> reflected that there has been a great demand for job positions involving digital skills, and there is no sign for them to go down. The report shows that there will be more than 150 million job opportunities in the tech field in the world in the next five years. The field of business analytics is predicted to grow at the rate of 5.9% in the next decade as stated in the report published by <\/span><a href=\"https:\/\/www.economicmodeling.com\/\"><span style=\"font-weight: 400;\">Emni Burning Glass<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">And the market for business analysts is expected to grow enormously in the coming years. It is the best opportunity for the younger generation to take up business analytics as a profession. This job will provide great exposure to the individuals and will also fetch them lucrative salaries.&nbsp;<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The market for business analytics will increase and so does the investment in the sector. It is the ideal time for individuals to market themselves to employers and to secure a decent salary package.<\/span><\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Conclusion<\/span><\/h4>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In the rapidly evolving technological era, business analytics is considered to be a very important job role and every organisation needs efficient business analytics professionals in each department. Hence, this is a booming job role offering lucrative packages to individuals.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">If you have a knack for the tech industry and have considerable knowledge about business operations, then this can be the right job role for you. To enhance your knowledge and skills, you can enrol on various <\/span><span style=\"font-weight: 400;\">business analytics courses<\/span><span style=\"font-weight: 400;\">. You may sign up for the <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/imarticus.org\/senior-management-programme-in-business-analytics-iim-calcutta\/\"><strong>Senior Management Programme<\/strong><\/a> in Business Analytics, IIM Calcutta<\/span><span style=\"font-weight: 400;\"> by Imarticus. This will help you to gain hands-on experience, and you can thrive as a business analyst in the competitive corporate world.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span style=\"font-weight: 400;\">Frequently Asked Questions<\/span><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>What is the salary of a business analyst in future?<\/b><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analytics salary<\/span><span style=\"font-weight: 400;\"> will only grow in the near future. At present, it shows an estimate of INR 10.5 lakhs annual pay in 2024, in India.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>What is the salary of a business analyst with four years of experience in India?<\/b><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">An intermediate-level business analyst who has an experience of four years can earn up to 9.5 lakhs to 10 lakhs in a year.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>What is the highest salary of a business analyst in India?<\/b><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The salary of a business analyst ranges from 6 lakhs to 15 lakhs per year in India. However, an experienced business analyst may earn more than 15 lakhs annually.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li><b>Is business analyst a high-paying job?<\/b><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Business analysts are paid a higher salary than professionals in other business roles. It is a high-paying job and is expected to grow more in future.<\/span><\/p>\r\n\r\n<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"https:\/\/schema.org\",\r\n  \"@type\": \"FAQPage\",\r\n  \"mainEntity\": [{\r\n    \"@type\": \"Question\",\r\n    \"name\": \"What is the salary of a business analyst in future?\",\r\n    \"acceptedAnswer\": {\r\n      \"@type\": \"Answer\",\r\n      \"text\": \"Business analytics salary will only grow in the near future. 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As per a report published by the US Bureau [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":265033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_mo_disable_npp":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-264744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics"],"acf":[],"aioseo_notices":[],"modified_by":"Imarticus Learning","_links":{"self":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/264744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/comments?post=264744"}],"version-history":[{"count":5,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/264744\/revisions"}],"predecessor-version":[{"id":265322,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/posts\/264744\/revisions\/265322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media\/265033"}],"wp:attachment":[{"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/media?parent=264744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/categories?post=264744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imarticus.org\/blog\/wp-json\/wp\/v2\/tags?post=264744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}