What is the Average Business Analyst Aalary in Canada?

Introduction

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 business analyst in Canada salary.

Trends of Business Analyst Salary in Canada

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$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

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-

• 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 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 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%

• 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%

Other Skills

Business Analysts needs 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 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. 

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:-

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

Below figure represents the pay scale of as per the top locations in 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 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.

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

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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