Being a business analyst is one of the best career options now and for the next two decades. Business analyst salaries have skyrocketed since the onset of the corona virus pandemic, because companies have increased digital adoption. This adoption has further fueled the demand for the role of the business analyst! In this article, discover credible and latest data about business analyst salary and launch your career as a business analyst. This is a good time to be a business analyst!
Business Analyst salary in United States
The average base salary a Business Analyst makes in the United States ranges between $82,411 and $93,000. (Data: Indeed and BLS).
Top 5 States for Business Analyst Employment Opportunities in the US
The following are the top 5 states in terms of employment opportunities.
State | Employment per thousand jobs | Hourly mean wage | Annual mean wage |
---|---|---|---|
District of Columbia | 29.43 | $ 53.21 | $ 110,670 |
Virginia | 14.98 | $ 52.35 | $ 108,890 |
Massachusetts | 8.69 | $ 56.19 | $ 116,870 |
Illinois | 8.36 | $ 54.05 | $ 112,420 |
Rhode Island | 8.28 | $ 51.56 | $ 107,250 |
Top paying states for Business Analysts in the US
The following are the top paying states for Business Analysts in the US:
State | Employment per thousand jobs | Hourly mean wage | Annual mean wage |
---|---|---|---|
Massachusetts | 8.69 | $ 56.19 | $ 116,870 |
New Jersey | 4.40 | $ 56.14 | $ 116,780 |
New York | 6.39 | $ 55.26 | $ 114,950 |
Washington | 7.01 | $ 55.16 | $ 114,730 |
Illinois | 8.36 | $ 54.05 | $ 112,420 |
Most common benefits for Business Analysts
Business analyst salaries exclude cash bonuses of $3,500 per year plus a host of other benefits that varies with company.
- 401(k)
- 401(k) matching
- AD&D insurance
- Adoption assistance
- Commuter assistance
- Dental insurance
- Disability insurance
- Employee assistance program
- Employee discount
- Employee stock purchase plan
- Flexible schedule
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- On-site gym
- Opportunities for advancement
- Paid sick time
- Paid time off
- Parental leave
- Pet insurance
- Professional development assistance
- Profit sharing
- Referral program
- Relocation assistance
- Retirement plan
- Tuition reimbursement
- Unlimited paid time off
- Vision insurance
- Work from home
Business Analyst Salary across states in the US
The following are business analyst salaries across all states in the US.
The following is a state wise breakdown of business analyst salaries in the US:
- Business Analyst Salary in Massachusetts: $116870
- Business Analyst Salary in New Jersey: $116780
- Business Analyst Salary in New York: $114950
- Business Analyst Salary in Washington: $114730
- Business Analyst Salary in Illinois: $112420
- Business Analyst Salary in Virginia: $108890
- Business Analyst Salary in Rhode Island: $107250
- Business Analyst Salary in Connecticut: $94123
- Business Analyst Salary in California: $92823
- Business Analyst Salary in Texas: $92476
- Business Analyst Salary in Georgia: $92441
- Business Analyst Salary in North Carolina: $90400
- Business Analyst Salary in Minnesota: $89999
- Business Analyst Salary in Wisconsin: $89117
- Business Analyst Salary in Indiana: $88793
- Business Analyst Salary in Oregon: $87832
- Business Analyst Salary in Maryland: $87750
- Business Analyst Salary in Ohio: $87750
- Business Analyst Salary in Pennsylvania: $87500
- Business Analyst Salary in Kansas: $85650
- Business Analyst Salary in Iowa: $85158
- Business Analyst Salary in Tennessee: $85150
- Business Analyst Salary in Alaska: $85000
- Business Analyst Salary in New Hampshire: $85000
- Business Analyst Salary in Delaware: $84995
- Business Analyst Salary in Missouri: $84945
- Business Analyst Salary in Colorado: $84023
- Business Analyst Salary in Arizona: $84000
- Business Analyst Salary in Alabama: $82931
- Business Analyst Salary in Michigan: $82875
- Business Analyst Salary in Florida: $82847
- Business Analyst Salary in West Virginia: $82500
- Business Analyst Salary in Oklahoma: $80760
- Business Analyst Salary in Wyoming: $80313
- Business Analyst Salary in New Mexico: $80000
- Business Analyst Salary in Mississippi: $78000
- Business Analyst Salary in Vermont: $77544
- Business Analyst Salary in Nevada: $77500
- Business Analyst Salary in Louisiana: $77500
- Business Analyst Salary in Kentucky: $77303
- Business Analyst Salary in Utah: $76481
- Business Analyst Salary in South Carolina: $76050
- Business Analyst Salary in Nebraska: $75000
- Business Analyst Salary in Arkansas: $73500
- Business Analyst Salary in Maine: $65325
- Business Analyst Salary in Idaho: $62200
- Business Analyst Salary in North Dakota: $60450
- Business Analyst Salary in South Dakota: $60450
- Business Analyst Salary in Hawaii: $57822
- Business Analyst Salary in Montana: $57106
Allied Professions of Business Analysis
The following are occupations with job duties that are similar to those of business analysts along with their media salaries.
OCCUPATION | JOB DUTIES | ENTRY-LEVEL EDUCATION | MEDIAN PAY |
---|---|---|---|
Actuaries | Actuaries use mathematics, statistics, and financial theory to analyze the economic costs of risk and uncertainty. | Bachelor’s degree | $105,900 |
Computer and Information Research Scientists | Computer and information research scientists design innovative uses for new and existing computing technology. | Master’s degree | $131,490 |
Computer and Information Systems Managers | Computer and information systems managers plan, coordinate, and direct computer-related activities in an organization. | Bachelor’s degree | $159,010 |
Computer Network Architects | Computer network architects design and build data communication networks, including local area networks (LANs), wide area networks (WANs), and Intranets. | Bachelor’s degree | $120,520 |
Computer Programmers | Computer programmers write, modify, and test code and scripts that allow computer software and applications to function properly. | Bachelor’s degree | $93,000 |
Computer Support Specialists | Computer support specialists maintain computer networks and provide technical help to computer users. | Bachelor’s degree | $57,910 |
Database Administrators and Architects | Database administrators and architects create or organize systems to store and secure data. | Bachelor’s degree | $101,000 |
Information Security Analysts | Information security analysts plan and carry out security measures to protect an organization’s computer networks and systems. | Bachelor’s degree | $102,600 |
Network and Computer Systems Administrators | Network and computer systems administrators are responsible for the day-to-day operation of computer networks. | Bachelor’s degree | $80,600 |
Operations Research Analysts | Operations research analysts use mathematics and logic to help solve complex issues. | Bachelor’s degree | $82,360 |
Software Developers, Quality Assurance Analysts, and Testers | Software developers design computer applications or programs. Software quality assurance analysts and testers identify problems with applications or programs and report defects. | Bachelor’s degree | $109,020 |
Web Developers and Digital Designers | Web developers create and maintain websites. Digital designers develop, create, and test website or interface layout, functions, and navigation for usability. | Bachelor’s degree | $78,300 |
Frequently Asked Questions about Business Analyst Salary in the US
How much do business analysts earn in the US?
The national average salary for a Business Analyst is $82,411 in United States.
Is business analyst in demand in USA?
The demand for business analysts has increased in recent years and is projected to continue. The US Bureau of Labor Statistics (BLS) projects job growth between 2022 and 2032 for similar roles to range from 7% (computer systems analysts) to 25 percent (operations research analysts).
Employment of systems analysts is projected to grow 9-10% from 2022 to 2032, faster than the average for all occupations.How many business analysts' jobs are open in the US?
The US Bureau of Labor Statistics (BLS) projects about 101,900 openings for analysts are projected each year, on average, over the next decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Is business analyst a good career in USA?
Business Analyst is a good career because it offers strong salaries, plentiful job opportunities, and BAs generally report high job satisfaction and work-life balance. Another perk of a career in business analysis: the possibilities are endless.
Does business analyst require coding?
While the ability to program is helpful for a career as a business analyst, being able to write code isn't necessarily required. No-code, low-code softwares such as Tableau, PowerBI, SPSS, Alteryx, Weka, and even Excel can be used when managing and analyzing data.
Do business analysts earn more than data analysts?
Business analysts on average earn around $83,000 per year while data analysts earn around $67,000 per year. So yes, business analysts do earn more than data analysts on average.
What is the career growth and progression of a business analyst?
After eight to 10 years in various business analysis positions, you could advance to VP of business analysis or project management, project management office (PMO) director, chief technology officer, or chief operating officer.
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