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%
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:
- Communicating Details and Concepts
- Technical Skills
- Conceptual Modelling Skills
- Curiosity
- Decomposing the Abstract into Details
- Mentoring and Coaching
- Communicating Risks
- Leveraging the "Parking Lot"
- Change Management
- Asking WHY?
- Impromptu Whiteboard Drawing
- Analytical Skills
- Problem-Solving Skills
- Decision-Making Skills
- Negotiation and Persuasion Skills
- 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:-
The below figure represents the pay scale of a 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 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:-
- Strategic planning—identifying the changing needs of a company
- Business model analysis—defining policies and market approaches
- Process design—standardizing workflows
- 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!
Course
|
Certification
|
Business Analyst- master
|
Business Analyst Online Certification Training Course
|
Project Management
|
Project Management Skills with Practical PMP Training
|
Six Sigma
|
Six Sigma Online Certification Training Course
|
Scrum Master
|
Certified Scrum Master Courses for Project Managers and Product Owners
|
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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