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How Much Does a Business Analyst Make?
A business analyst's income might vary based on numerous criteria, such as::
Experience: Entry-level business analysts typically earn less than experienced ones. In the US, for example, the average entry-level salary is around $55,000, while senior-level analysts can make upwards of $128,000.
Location: Salaries are generally higher in major cities and places with high cost of existence.. For instance, a business analyst in San Francisco might earn significantly more than one in a smaller town.
Industry: Some industries, like technology and finance, generally pay business analysts more than others.
Company size and type: Larger companies and those in certain sectors, like consulting, often offer higher salaries.
Education and certifications: Having additional qualifications, such as a relevant master's degree or industry certifications, can boost your earning potential.
Specific job title and responsibilities: Some specialized business analyst roles, like data analysts or business systems analysts, may command higher salaries.
Here are some resources with average salary information for business analysts:
United States:
Salary.com: $83,321 average base salary, range of $75,375 to
$92,441
(https://www.salary.com/research/salary/listing/business-analyst-salary)
Indeed: $80,000 average salary, $4,000 average bonus
(https://www.indeed.com/cmp/Indeed/salaries/Business-Analyst)
Glassdoor: $96,000 average total compensation
(https://www.glassdoor.com/Salaries/business-analyst-salary-SRCH_KO0,16.htm)
India:
Simplilearn: ₹700,000 average salary for experienced
professionals, range of ₹400,000 to ₹1,500,000
(https://www.simplilearn.com/business-analyst-certification-training-course)
my view: these are just averages, and your individual
salary may vary depending on the factors mentioned above. If you're interested
in learning more about specific salaries in your area and for your experience
level, you can use job boards and salary comparison websites.
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