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What is the Average Salary of Business Analyst in USA

You should always try to begin a career once you know how much money you’ll be making. As per the theory is given by Herzberg, basic salary is required for the fulfillment of survival. In this blog, we’ll discuss what average salary you can get as a Business Analyst in the USA and its regions. Will that money will be sufficient for survival in the USA or not.

Alex started his career as a business analyst in a start-up company in Canada. Afterward, he got another opportunity in the same profile, but this time from New York. After thinking through, he decided to relocate from Canada to New York as a middle-level Business Analyst. While he was creating a checklist of expenditures, few questions made him think twice before relocation. Here are they:-

  • How much is the living cost in the USA?
  • Will I be able to manage my daily expenses in the USA?
  • What extra perks I will get apart from the basic salary?
  • What about deductions or taxes in the USA?
  • What is the stability in the profile of a Business Analyst in the USA?
  • What are the extra expenses I need to know about? …etc.

To get answers to the questions, Alex started googling. Here are the undertakings:-

The average salary of a Business Analyst in the USA

The pay evaluation plan is broken into three parts: high-level, middle-level, and low-level depending on the applicant’s understanding and capabilities. Organizations use compensation evaluations to advance the value and reasonable compensation gauges.

1). Business Analyst Salary at Entry level

This is the place your voyage starts at an entry-level. This requires an Associate's degree and 0-2 years of involvement in the field. You should be aware of general business frameworks ideas, methods, and the technology that enables those methodologies to work. At this level, you should be able to check, survey, and measure explicit business frameworks and how they influence the organization and the clients.

At this stage, an entry-level Business Analyst commonly answers to a manager and is unable to make independent decisions.

Annual-based Salary  $37,707
Month-based Salary  $3,142
Week-based Salary  $725
Day-based Salary  $145.03
Hour-based Salary  $19.34

…….not a bad start, right?

2). Business Analyst Salary at an Intermediate level

So, it’s been 2-4 years at your entry-level position as a business analyst now! Would you encash more in this job? Indeed.

At this point, you ought to have picked up learning on business framework ideas, database ideas, and you should even now be conversant in taking care of business frameworks and the needs of the clients.

You ought to have degree of a project, access the objectives of a project, and define your own ventures and frameworks to enable your organization to arrive at that particular goal.

At this level, you must have got the exposure to complex queries, and have had a few opportunities to be innovative., but there is still a long way to go and a lot more to achieve. Here you might report to a senior manager/department head instead of a team lead.

Read: What is Business Impact Analysis and Its’s Purpose?
Annual-based Salary  $85,006
Month-based Salary  $7,084
Week-based Salary  $1,635
Day-based Salary  $327
Hour-based Salary  $43.59

3). Business Analyst Salary at Senior level

Bachelor’s degree is crucial at this level. Ensure you have one. You need 4-6 years of involvement with business frameworks now, as well. At this level, you should be able to check, evaluate, and measure explicit business frameworks and arrangements and how they influence the organization and the clients. You should be very capable to achieve the Senior Business Systems Analyst position.

Now, the huge distinction is that you may lead, direct, and be responsible for different employees (Sounds motivating, right?). Be an amazingly amicable and an incredible communicator. Increase your creativity and become fine with the obligation of being a team lead.

Annual-based Salary  $144,511
Month-based Salary  $12,043
Week-based Salary  $2,779
Day-based Salary  $556
Hour-based Salary  $74.11

Being a Senior Business Analyst, you can earn more than this. So why not climb?

4). Expert Business Analyst Salary

For this position, you are required to have a Bachelor's degree in a particular area and 6-8 years of experience in the field (that’s a great deal). Time and commitment are all you need to arrive at this position.

At this level, you should be able to characterize the scope of projects, figure out the goals, implement a proper plan, sort out and instruct everybody required (from project managers to the customers), and show outputs to them. Now, you will be in charge of everything. You will be responsible for keeping tasks on schedule.

The expected yearly compensation for an Expert Business Systems Analyst is $100,312. 

5). Business Analyst Consultant Salary

With 8-10 years of experience as a Business Analyst, you will arrive here.

At this point, you will be capable of: checking, surveying, and measuring explicit business frameworks and arrangements and how they influence the organization and the clients.

You are likewise expected to be a specialist in Business Analyst techniques, processes, strategies, business frameworks, statistical analysis, and the majority of the steps engaged with shaping business arrangements and executing them from beginning to end.

Your ability in the Business Analyst domain should have furnished you with the mandatory skills. You're viewed as the top-level expert and authority now. Inquiries of the down-line employees will be coordinated to you.

A Business Analyst Consultant has an expected yearly compensation of $113,202.

Read: What skills are required to learn business analyst?

Salary of a Business Analyst in different regions of the USA 

New York $109,593 Indiana $77,305
Massachusetts $110,150 Nevada $72,920
Georgia $93,530 Rhode Island $81,010
Texas $97,080 Kentucky $72,472
Alabama $90,089 Minnesota $78,430
District of Columbia $103,300 Oregon $78,760
Virginia $97,420 Delaware $77,520
New Jersey $97,860 Kansas $72,444
Washington $97,910 Hawaii $78,980
Connecticut $94,410 Missouri $76,230
New Hampshire $90,190 New Mexico $74,570
Illinois $79,902 Tennessee $75,530
Wyoming $79,590 Louisiana $72,900
North Carolina $83,700 Arkansas $63,021
Maryland $97,850 Wisconsin $73,570
Idaho $79,680 Nebraska $76,700
Pennsylvania $86,281 Oklahoma $74,820
California $82,550 North Dakota $71,840
Alaska $89,550 Iowa $72,095
Colorado $86,560 South Dakota $68,890
Florida $79,630 Utah $72,320
Michigan $79,140 West Virginia $74,840
Vermont $76,520 South Carolina $68,900
Ohio $77,730 Mississippi $64,520
Arizona $77,891 Montana $67,340
Puerto Rico $50,810 Maine $69,830
Guam $59,900 Virgin Islands $60,380
  • Entry Level: $40,000 to $70,000 with up to an 8% bonus
  • Mid-level Career: $55,000 to $95,000 with up to a 10% bonus
  • Senior Level: $70,000 - $150,000 with up to a 10% bonus
  • Overall U.S. Average: $45,000-$110,000 with up to a 10% bonus 

Remuneration Statistics of the major USA States and Cities

To clear the air about the Salary of a Business Analyst further we have collected some useful data, facts, and figures about the salary of Business Analyst all across the USA. Remuneration Statistics of the major USA States and Cities The graphical representation makes it very clear that the State of Wyoming is paying the best remuneration for Business Analyst profile.  We are now going to discuss the salary trends of some major areas as listed in the graphical representation above. You may notice that in some places the fresher salary is way too much than that of the areas paying a higher average salary, this is because in these regions the scope gets delimited in future and the salaries remain stagnant for a long time.

Salary Structure Of Business Analyst - Wyoming

Business Analyst working in Wyoming is likely to earn an average annual wage of $111,180. Salaries typically start from $49,010 and going up to $ 200,349. Business Analyst in Wyoming earns better than 96% percent of careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in Wyoming very aptly- Salary Structure Of Business Analyst - Wyoming

Salary Structure Of Business Analyst - New York

People who are employed in the profile of Business Analyst earn an average yearly salary of $102,815. Salaries typically start from $48,315 and go up to $174,899. Business Analyst in Wyoming earn better than 64% percent of the professionals employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in New York very particularly- Salary Structure Of Business Analyst - New York

Read: What are the Role & Job Responsibilities of a Business Analyst

Salary Structure Of Business Analyst - District of Columbia

The professionals working as Business Analyst can earn an average annual salary of $101,860. Salaries start from $64,650 and go up to $144,010. Business Analyst of Columbia earn better than 60% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in Columbia-  Salary Structure Of Business Analyst - District of Columbia

Salary Structure Of Business Analyst - Florida

The professionals working with the organizations Business Analyst can surely earn an average annual salary of $80,010. Salaries typically start from $38,090 and go up to $133,350. Business Analyst of Florida earn better than 73% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in Florida- Salary Structure Of Business Analyst - Florida

Salary Structure Of Business Analyst - Maryland

The professionals who are working as Business Analyst can earn an average annual salary of $94,790. Salaries typically start from $54,850 and go up to $134,440. Business Analyst of Maryland earn better than 68% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in Maryland-  Salary Structure Of Business Analyst - Maryland

Salary Structure Of Business Analyst - New Jersey

The professionals working as Business Analyst can earn an average annual salary of $97,360. Salaries typically start from $53,873 and go up to $155,108. Business Analyst of New Jersey earn better than 67% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in New Jersey-  Salary Structure Of Business Analyst - New Jersey

Salary Structure Of Business Analyst - California

The professional enthusiasts working as Business Analyst can earn an average annual salary of $89,769. Salaries typically start from $49,224 and go up to $144,023. Business Analyst of California earn better than 70% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in California- Salary Structure Of Business Analyst - California

Read: What is the Difference between Business Analyst and Data Analyst?

Salary Structure Of Business Analyst - Texas

The professional working as Business Analyst can earn an average annual salary of $88,414. Salaries typically start from $49,069 and go up to $137,598. Business Analyst of Texas earn better than 70% percent of the professionals who are employed in careers in similar fields. Here is a screenshot was taken from the Website of Sokanu that describes the situation in Texas- Salary Structure Of Business Analyst - Texas

What affects the salary? 

A). Location

Relatively, not many people would attach an additional hour or two to their drive, while some may think about moving to an alternate region for a better company. There are numerous who are attached to a specific area because of family or different commitments. 

B). Working hours

The time required for a long drive, or having the option to leave right on time to get the children can have a major effect in pleasing different parts of an individual's life. Another fact is whether a profile expects 40 hours or 60 hours, seven days can substantially affect an individual’s satisfaction.

Read: What Is The Average Salary Of A Business Intelligence Analyst?

C). Company size

The size of the company also really matters! Working for a startup company with the risk that an employee will search for another activity in a year or two is an important fact to be considered. Everyone needs job stability. Huge companies will, in general offer greater steadiness however they accompany managerial and hierarchical difficulties that can cheapen the essential work.

D). Taxes

Let’s assume your average salary in New York is $10,000 per year. Following will be the deductions:-       

Salary $10,000
State Income Tax Social Security Medicare Tax -$92 -$620 -$145
Total Tax -$857
Net Pay $9,143
Marginal Tax rate Average Tax rate 11.65%
8.57%

What helps in the growth of salary?

 A). Certification

On average, the compensation for ladies is $78,980, and men are $75,410. The normal compensation of the top 5 certification holders came in at $85,804, or 11% expansion in profit, demonstrating a preferred critical position to seeking after a certification.

B). Experience

As explained above, you might have understood now how the level of experience helps in the growth of the salary of a business analyst. The report found in the year of 2017 showed that 79% of respondents hold either a bachelor's or graduate degree and that a graduate degree in addition to experience came about in $2,566 more in income.

As per payscale, a Business Analyst in IT with under one year experience can hope to win a normal absolute pay (incorporates tips, reward, and extra time pay) of $57,608. An early career Business Analyst in IT with 1-4 years of experience procures a normal pay of $63,715. A mid-career Business Analyst in IT with 5-9 years of experience acquires a remuneration of $76,054. An experienced Business Analyst in IT with 10-19 years of experience acquires an absolute pay of $83,811. In their late career (20 years and higher), Business analysts get an absolute pay of $87,324.

C). Company size

Another report of 2017 shows that the employees working in top MNC’s earn 11-27% more than employees working in small organizations as a business analyst. 

Salaries of Business Analyst ramified by industry

A Business Analyst commonly starts a vocation (at a passage level position), making around $50,000 every year. However, what amount of cash will that Business Analyst make in five years? What about in twenty?

As per the data found on PayScale, insurance and healthcare offer the highest starting wages for graduates of business analytics streams. For financial companies and software applications, the lowest salary (annual) for business analysts was estimated between $40,471 and $40,293, respectively. Business analysts living in the northeast and western areas of the U.S. earn higher salaries than those coming from the middle and southern regions.

As per more data found on Linkedin, salary ranges of top industries for the profile of Business analysts are given below:-

Company Median Salary Range (min-max)
Chevron $1,10,000 per year $79k - $1.5 Lakh
Credit Suisse $95,000 per year $50K - $1.6Lakh
Bank of America $90,000 per year $49K - $1.2Lakh
General Motors $90,000 per year $61K - $1.2Lakh
Capital One $88,000 per year $80K - $92K
Morgan Stanley $85,000 per year $45K - $1.1Lakh
Cisco $84,500 per year $56K - $1.2Lakh
TEKsystems $80,000 per year $50K - $1.3Lakh
State Street $80,000 per year $55K - $1.3Lakh
Ford Motor Company $78,000 per year $69K - $1.1Lakh
Accenture $76,800 per year $50K - $98K
Liberty Mutual Insurance $76,500 per year $57K - $83K
Tata Consultancy Services $73,000 per year $67K - $95K
Deloitte Consulting $72,900 per year $70K - $82K
Amazon $72,500 per year $56K - $1Lakh
U.S. Bank $72,500 per year $50K - $90K
Deloitte $72,500 per year $66K - $80K
Charter Communications $72,000 per year $50K - $89K
Citi $70,700 per year $48K - $96K

Top paying areas for a Business Analyst in the USA

Rank Location Median base salary Range (min-max)
1 San Francisco Bay Area $85,000 per year $60K - $1.2Lakh
2 Greater New York City Area $75,000 per year $55K - $1.1Lakh
3 Greater Seattle Area $74,900 per year $55K - $1.0Lakh
4 Houston, Texas Area $72,500 per year $50K - $1.1Lakh
5 Greater Boston Area $70,000 per year $52K - $94K
6 Greater Los Angeles Area $70,000 per year $50K - $95K
7 Greater Philadelphia Area $70,000 per year $49K - $98K
8 Washington D.C. Metro Area $70,000 per year $55K - $96K
9 Greater Chicago Area $70,000 per year $52K - $93K
10 Charlotte, North Carolina Area $69,000 per year $50K - $1.0Lakh

Types of Business Analyst

In the following section, we have gathered a list for Business Analysts out there looking for their first employment, or that aren't sure of how a lot of cash to request in the wake of working for an organization for a long time.

Entry Level Business Systems Analyst $56,043
Intermediate Level Business Systems Analyst $71,865
Senior Business Systems Analyst $86,635
Expert Business Systems Analyst $100,312
Business Systems Analyst- Consultant $113,202
Entry Level Business Data Analyst $54,272
Intermediate Level Business Data Analyst $70,123
Senior Business Data Analyst $87,713
Business Process Consultant $106,234
Business Development Director $170,307

Find out your path to get started as a Business Analyst

As a business analyst in the USA, you can earn $81,896 per year in the USA, which can raise to $141,590 per year as you attain the certifications and experience. There are many other components based on which the compensations of the business analysis experts rely upon, which can be region, qualification, skills and so on. Pursue the path of learning and obtaining the skills in the related field and that is the thing that will assist you with sailing the ship of achievement. If you have more tips or want to share more information regarding the topic, you can share it in the comments section below.

Read: What are the Role & Job Responsibilities of a Business Analyst

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