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What is the average salary of a Business Analyst in Canada?

Every company needs Business Analysts to operate its business efficiently. A business analyst is in charge of understanding the requirements for business modifications and providing technical solutions to improve its processes and systems. So, a business analyst is the link between the business and the IT departments.

This write up will help you to know the detailed information of the job aspects and salary of a Business analyst in different regions of Canada.

Salary Trends of Business Analyst in Ontario

On average, a business analyst gets-

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,004
CA$78,423
CA$133,319
CA$3,250
CA$6,535
CA$11,110
CA$750
CA$1,508
CA$2,564
CA$150
CA$302
CA$513
CA$20
CA$40.22
CA$68.37

As per the stats available on Indeed.com, the average salary for a Business Analyst in Ontario is-

  • Starting Salary CA$20,000 per year
  • Median Salary CA$68,272 per year
  • Highest Salary CA$143,000 per year

Salary Trends of Business Analyst in Alberta

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,075
CA$78,485
CA$133,424
CA$3,256
CA$6,540
CA$11,119
CA$751
CA$1,509
CA$2,566
CA$150.29
CA$302
CA$513
CA$20.24
CA$40.25
CA$68.37

As per the stats available on Indeed.com, the average salary for a Business Analyst in Alberta is-

  • Starting Salary CA$25,000 per year
  • Median Salary CA$74,249 per year
  • Highest Salary CA$149,000 per year

Salary Trends of Business Analyst in British Columbia

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,007
CA$78,485
CA$133,424
CA$3,251
CA$6,540
CA$11,119
CA$750
CA$1,509
CA$2,566
CA$150.03
CA$302
CA$513
CA$20
CA$40.25
CA$68.72

As per the stats available on Indeed.com, the average salary for a Business Analyst in British Columbia is-

  • Starting Salary CA$26,000 per year
  • Median Salary CA$66,985 per year
  • Highest Salary CA$127,000 per year
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Salary Trends of Business Analyst in Manitoba

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,000
CA$78,485
CA$133,424
CA$3,250
CA$6,540
CA$11,119
CA$750
CA$1,509
CA$2,566
CA$150
CA$302
CA$513
CA$20
CA$40.25
CA$68.42

As per the stats available on Indeed.com, the average salary for a Business Analyst in Manitoba is-

  • Starting Salary CA$34.25 per hour
  • Median Salary CA$67.42 per hour
  • Highest Salary CA$200 per hour

Salary Trends of Business Analyst in Ottawa

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,004
CA$78,423
CA$133,319
CA$3,250
CA$6,535
CA$11,110
CA$750
CA$1,508
CA$2,564
CA$150.02
CA$302
CA$513
CA$20
CA$40.22
CA$68.37

As per the stats available on Indeed.com, the average salary for a Business Analyst in Ottawa is-

Read: Things You Must Know About The Business Analysis Process
  • Starting Salary CA$20,000 per year
  • Median Salary CA$75,283 per year
  • Highest Salary CA$186,000 per year

Salary Trends of Business Analyst in Quebec Province

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median
Highest
CA$39,027
CA$78,485
CA$133,424
CA$3,252
CA$6,540
CA$11,119
CA$751
CA$1,509
CA$2,566
CA$150.11
CA$302
CA$513
CA$20.01
CA$40.25
CA$68.42

As per the stats available on Indeed.com, the average salary for a Business Analyst in Quebec Province is-

  • Starting Salary CA$30,000 per year
  • Median Salary CA$74,194 per year
  • Highest Salary CA$138,000 per year

Salary Trends of Business Analyst in Saskatchewan

Salary Per Year Per Month Per Week Per Day Per hour
Starting
Median 
Highest 
CA$39,007
CA$78,485
CA$133,424
CA$3,251
CA$6,540
CA$11,119
CA$750
CA$1,509
CA$2,566
CA$150.03
CA$302
CA$513
CA$20
CA$40.25
CA$68.37

As per the stats available on Indeed.com, the average salary for a Business Analyst in Saskatchewan is-

  • Starting Salary CA$10.25 per hour
  • Median Salary CA$37.21 per hour
  • Highest Salary CA$80.80 per hour 

Misc.

Business Analyst in Toronto, ON $70,680 per year
Business Analyst in Vancouver, BC $67,966 per year
Business Analyst in Ottawa, ON $75,283 per year
Business Analyst in Montréal, QC $76,881 per year
Business Analyst in Mississauga, ON $62,943 per year

Highest paying regions of Canada for the job role of Senior Business Analyst

Following table shows the highest to the lowest average pay scale of a Senior Business Analyst in Canada:-

Saskatchewan
Manitoba
New Brunswick
Ontario
Quebec
Alberta
British Columbia
CA$87.54
CA$64.03
CA$49.66
CA$46.69
CA$45.65
CA$42.40
CA$38.48

What affects the salary of Business Analyst in Canada?

It is worth knowing here the following components that affect the salary structure of a Business Analyst.

  • Experience: The level of experience is the most important component which affects the overall salary structure of a Business Analyst. Obviously, the pay scale differs for an entry-level business analyst to an experienced one. Following is the approx. Percentage of the level of experience one attain in the profession of the business analyst:-
    • Late Career: 24%
    • Experienced: 19%
    • Mid-Career: 8%
    • Early Career: 8%
    • Entry-level: 22%

What affects the salary of Business Analyst in Canada?

  • Skills: Skills are another component that affects the pay scale of a Business Analyst. Skills are correlated to pay that is above average. Skills that pay less than market rate are- Data analysis, Microsoft Excel, and Project Management. Following are the common skills that a Business Analyst should attain; along with the criteria of requirement:-
    • Business Process Engineering: 8%
    • Requirements Analysis: 2%
    • Change Management: 2%
    • Process Improvement: 1%
    • Business Intelligence: 1%
    • Project Management: 1%
    • Microsoft Office: 2%
    • SQL: 4%
    • Microsoft Excel: 5%
    • Data Analysis: 5%
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Other Skills

Business Analysts needs to have:

Read: What Does A Business Intelligence Analyst Expected to Do?
  1. Communicating Details and Concepts
  2. Technical Skills
  3. Conceptual Modelling Skills
  4. Curiosity
  5. Decomposing the Abstract into Details
  6. Mentoring and Coaching
  7. Communicating Risks
  8. Leveraging the "Parking Lot"
  9. Change Management
  10. Asking WHY?
  11. Impromptu Whiteboard Drawing
  12. Analytical Skills
  13. Problem Solving Skills
  14. Decision-Making Skills
  15. Negotiation and Persuasion Skills
  16. Managerial Skills

The average salary of a business analyst based on the skills is given below:-

Skills Salary
Business Analysis
Requirements Analysis
Project Management
Microsoft Excel
Data Analysis
CA$65,151
CA$66,542
CA$64,222
CA$61,529
CA$61,594
  • Gender: This is another component that also plays an important role in the pay scale structuration of a Business Analyst. On average, men are in the most prominent number in this profession rather than women
    • Men: 61.5%
    • Women: 38%
    • Self-defined: 0.5%
  • Location: Location is another aspect of the variation in salary. 

another aspect of the variation in salary.

Career Path for Business Analyst 

  • Senior Business Analyst: The profile of the Senior Business Analyst is most common in the IT sector. The count will be roughly greater than 20%.
  • Project Manager, IT: The profile of the Senior Business Analyst is somewhat common in the IT sector. The count will be roughly greater than 8-20%. 
  • Business Systems Analyst: The profile of the Senior Business Analyst is less common in the IT sector. The count will be roughly greater than less than 8%. 

Explore more about the salary of a Business Analyst in Canada….

Below figure represents the pay scale of a Business Analyst as per education level and field of study:-

salary of a Business Analyst in Canada

Below figure represents the pay scale of a Business Analyst as per the size of a company and the industry:-

salary of a Business Analyst in Canada

Below figure represents the pay scale of as per the top locations in Canada:-

salary of a Business Analyst in Canada

Read: How To Choose The Appropriate Business Analysis Certification?

Business Analyst Job Outlook

A business analyst in IT focuses on improving operations that involve information technology in an organization. A business analyst offers consultation to management to help the company become more effective. The business analyst in IT industry analyze hardware, software, and IT services that are being employed within an organization. The analysis has to be carried out to determine the areas that need improvement. It is mandatory to have strong research skills to govern the latest trends and solutions, and the analyst will pursue the results and make suggestions regarding company policies, structure, and operations. When the problems are detected, the business analyst should carry out problem-solving techniques to come up with a solution. When solutions are implemented, the analyst should progress to monitor these solutions to analyze their efficiency and to make continuous improvements.

Knowledge of database (SQL) is important for the business analysts to analyze data from databases. The business analyst should be able to carry our analysis, such as – cost benefit analysis, and for this, strong mathematical skills are mandatory.

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Presentation and report-making skills are also mandatory to represent the findings to top-level management. Many positions require a Master’s degree in IT or a related field. Other positions prefer proven experience in IT business analysis over the educational requirements. Some positions require the business analysts to work directly for the company, while others work for an agency that provides analysis services to various companies.

Primarily, business analysts perform four types of analysis:-

  1. Strategic planning—identifying the changing needs of a company
  2. Business model analysis—defining policies and market approaches
  3. Process design—standardizing workflows
  4. Systems analysis—interpretation of requirements for the IT department

The job description of a Business Analyst

  • Communicate with colleagues to understand the needs of the business
  • Work with stakeholders to understand the service or product provided
  • Conduct surveys, workshops, and tests
  • Analyze and model data to produce conclusions
  • Create suggestions and solutions for strategic and operational changes
  • Consider opportunities and risks of these suggestions
  • Invent systems or processes necessary to implement these changes, or alter existing ones
  • Communicate with senior management about introducing recommendations to the business
  • Write reports to present to the stakeholders
  • Support staff as solutions are implemented
  • Evaluate the impact of changes made

Conclusion

The job profile of a Business Analyst is mandatory for companies of all sizes. If you want to begin your career in business analysis, you need to do three things:-

  • Get an undergraduate degree in IT, business administration, finance, or accounting
  • Gain experience
  • Gain master level certification

Happy Learning and Happy Earning!


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