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What is the Average Business Analyst Salary in Canada

Introduction

Every company needs Business Analysts to operate its business efficiently. A business analyst is responsible for 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 blog will help you to know detailed information about the job aspects and business analyst salary in Canada.

Trends of Business Analyst Salary in Canada

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Business Analyst Job Salary in Ontario, Canada

On Average, a Business Analyst Gets-

Salary

Per Year

Per Month

Per Week

Per Day

Per hour

Starting

Median

Highest

CA$39,004

CA$73,835

CA$133,319

CA$3,250

CA$5,228

CA$11,110

CA$750

CA$1,351

CA$2,564

CA$150

CA$552

CA$779

CA$20

CA$54.35

CA$68.37

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

  • Starting Salary CA$38,000 per year
  • Median Salary CA$83,337 per year
  • Highest Salary CA$144,000 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$79,523

CA$133,424

CA$3,256

CA$5,630

CA$11,119

CA$751

CA$1,455

CA$2,566

CA$150.29

CA$595

CA$732

CA$20.24

CA$58.54

CA$68.37

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

  • Starting Salary CA$46,000 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$106,222

CA$133,424

CA$3,251

CA$7,521

CA$11,119

CA$750

CA$1,944

CA$2,566

CA$150.03

CA$458

CA$513

CA$20

CA$78.20

CA$90.72

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

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$62,638

CA$105,793

CA$3,250

CA$4,435

CA$11,119

CA$750

CA$1,146

CA$2,566

CA$150

CA$469

CA$513

CA$20

CA$46.11

CA$68.42

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

  • Starting Salary CA$39, 025 per year
  • Median Salary CA$72, 411 per year
  • Highest Salary CA$105,793 per year

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$83,737

CA$133,319

CA$3,250

CA$5,929

CA$11,110

CA$750

CA$1,532

CA$2,564

CA$150.02

CA$626

CA$920

CA$20

CA$61.64

CA$68.37

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

  • 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$82,192

CA$133,424

CA$3,252

CA$5,819

CA$11,119

CA$751

CA$1,504

CA$2,566

CA$150.11

CA$615

CA$911

CA$20.01

CA$60.51

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$60,138

CA$133,424

CA$3,251

CA$4,258

CA$11,119

CA$750

CA$1,100

CA$2,566

CA$150.03

CA$450

CA$513

CA$20

CA$44.27

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 Salary Toronto, ON

$78,432 per year

Business Analyst Salary Vancouver, BC

$79,570 per year

Business Analyst Salary Ottawa, ON

$83,560 per year

Business Analyst Salary Montréal, QC

$79,260 per year

Business Analyst Salary Mississauga, ON

$83,170 per year

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

The following table shows the highest to the lowest average business analyst salary 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 business analyst salary 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 crucial component that affects the business analyst salary in Canada. The pay scale differs from an entry-level business analyst to an experienced one. Following is the approx. Percentage of the level of experience one attains in the profession of the business analyst:-

Late Career: 24%

  • Experienced: 19%
  • Mid-Career: 8%
  • Early Career: 8%
  • Entry-level: 22%

Pay by Experience Level for Business Analyst TI

Skills: Skills are another component that affects the average business analyst salary Canada. Skills are correlated to pay that is above average. Skills that pay less than the 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%

Other Skills

Business Analysts need to have:

  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 business analyst salary 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

Location: Location is another aspect of the variation in business analyst salaries in Canada.  Areas with a higher cost of living also let companies offer higher pay rates. Another way location can interfere with job profiles is that they are paid differently at various locations. An average business analyst's salary in Canada and the starting salary of a business analyst in Canada will be affected due to location and other factors. 

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 more significant than 20%.
  • Project Manager, IT: The profile of the Senior Business Analyst is somewhat familiar 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….

The below figure represents the Business Analyst salary in top companies:-

Popular Employer Salaries for Business Analyst, IT

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

Business Analyst as per the size of a company and the industry

The below figure represents the business analyst salary in top locations of Canada:-

Business Analyst Salary in Top Locations of Canada

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 the IT industry analyzes hardware, software, and IT services that are being employed within an organization. The analysis must be carried out to determine the areas needing 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 devise problem-solving techniques to develop 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 databases (SQL) is vital for business analysts to analyze data from databases. The business analyst should be able to carry out our analysis, such as – cost-benefit analysis; for this, strong mathematical skills are mandatory.

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 educational requirements. Some positions require business analysts to work directly for the company, while others work for an agency that provides analysis services to various companies.

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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. Suppose you want to begin your career in business analysis. In that case, you need to do three things:-

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

To learn more about the average salary in Canada for business analysts, you should join an online learning platform. Happy Learning and Happy Earning!

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FAQs

Q1 What Are the Factors Affecting the Business Analyst Salary in Canada?

Ans- the factors that impact the business analyst salary in Canada are:

  • Taxes
  • Location
  • Size of the company 

You can get into your favorite company with the proper business analyst certification online. Grasp one immediately. 

Q2 What Are the Skills Required to Become a Business Analyst?

Ans- Top skills a business analyst should possess

  • Technical skills
  • Analytical skills
  • Communication skills
  • Decison making skills
  • Managerial skills

With a business analyst online course, be on top of your game and stand out of the crowd with one of the best ba certifications.

Q3 Where Can I Get the Best Online Course?

Ans- Kickstart your Career with Business Analyst Courses

Build job-ready skills for an in-demand career as a Business Analyst with globally recognized Janbask Training Business Analyst Certification Online Courses. The courses enable students to learn the latest tools and methodologies that help them solve real-world problems.

Q4- How Many Months Does It Take to Complete the Online Courses?

Ans- It will only take you 6 weeks to complete the business analyst online course. After course completion, be a proud owner of one of the best BA certifications and boost your career in the right direction.

Q5 What Are the Positions a Business Analyst Can Acquire?

Ans- here are some of the positions:

  • Management analyst.
  • Data analyst.
  • Enterprise analyst.
  • Business systems analyst.
  • Systems analyst.
  • Business intelligence analyst.
  • Business process analyst.
  • IT business analyst.

You can be a proud job holder of any of the above positions with the proper business analyst certification online. With BA certifications, the starting salary of a business analyst in Canada can be up to $74,756.

Q6- What Are the Top Sectors Looking for a Business Analyst?

Ans- According to IIBA's Global State of Business Analysis (GSBA), banking, finance, and insurance are among the top industries that employ business analysis professionals, with 24% of professionals reporting working in those industries. Get a business analyst certification online with a lucrative business analyst salary if you want to work in these sectors.

Q7-  What Are the Eligibility Criteria for a Business Analyst?

Ans- The minimum prerequisites for this certification include a bachelor's degree and at least three years of management consulting experience. You can leverage your career with a business analyst certification online. The business analyst online course will boost your career and help you land your dream job with an exciting business analyst salary. 

Q8- What Is the Future Scope of a Business Analyst?

Ans- Get rid of all concerns regarding the future of a business analyst. According to the BLS, the role of management analysts is expected to grow 11% between 2021 and 2031, which is much faster than the average for all occupations. Even similar job titles to business analysts have great job outlooks. The employment of operations research analysts and business analysts focusing on business operations like supply chains and production schedules is expected to grow 23% between 2021 and 2031. Data scientists, too, have a projected employment growth of 36%!  Secure your position in the success group with business analyst certification online and enjoy a great life with a huge business analyst salary.

Q9- How Many Business Analyst Jobs in Canada Are Available?

Ans- there are more than the top 3000+ Business Analyst jobs in Canada. Leverage your professional network with a business analyst certification online and get hired by your favorite company. New Business Analyst jobs in Canada are growing exponentially.


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