Business Analyst Ii Salary
The average salary for a business analyst is $99,000 according to the Indeed.com website. A business analyst typically holds a degree in business, information systems, or a related field.
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2019 Business Analyst Salary Information
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Business Analyst II Salary: How Much Do They Earn?
A business analyst II salary is usually mid-to-high six figures. In fact, the Bureau of Labor Statistics projects that the median salary for a business analyst II will be $87,040 in 2020. That figure is up from $81,280 in 2018.
The pay is based on the experience and education level of the individual. For example, somebody with a bachelor’s degree in business will earn more than somebody with just a high school diploma. However, the salary will be lower if the individual has previous experience as a business analyst.
There are a few factors that affect a business analyst II salary. These include the size of the company, the location of the company, and the type of company.
The size of the company will affect the salary because the business analyst II will be responsible for more work at a larger company. The location of the company will also affect the salary because the business analyst II will earn more in a metropolitan area than he or she will in a rural area. The type of company will affect the salary because the business analyst II will earn more at a technology company than he or she will at a clothing company.
Business Analyst II Salary by State
If you’re looking for a current and detailed breakdown of the median business analyst II salary by state, then you’ve come to the right place.
Our business analyst II salary data covers the 50 US states and the District of Columbia, and it provides a comprehensive look at what each state pays its business analysts II.
We’ve also included the median salary for business analysts II in each state, as well as a list of the top five paying states.
If you’re curious about the business analyst II salary in a specific state, or if you just want to see what the average salary is for this position, then you’ll find the information you need below.
Business Analyst II Salary by Industry
If you’re looking to make a career in business analysis, it’s important to understand which industries offer the best pay and opportunities.
According to the National Association of Business Analysts, the median annual pay for business analysts is $72,980. However, pay varies widely based on experience and qualifications.
Some of the highest-paying industries for business analysts include information technology, insurance, and financial services. In these industries, business analysts typically work on projects that involve complex analysis, research, and designing.
Meanwhile, some of the lowest-paying industries for business analysts include retail and restaurant. In these industries, business analysts typically work on projects that involve routine analysis, data entry, and reporting.
Business Analyst II Salary by Experience Level
As a business analyst, you will likely earn a salary based on your experience and level of expertise.
If you have less than five years of experience, you may earn a starting salary of $52,000. If you have five to nine years of experience, you may earn a starting salary of $70,000. If you have 10 or more years of experience, you may earn a starting salary of $92,000.
At the upper end of the pay scale, if you have 15 or more years of experience, you may earn a starting salary of $130,000.
The average salary for a business analyst with 10 years or more of experience is $92,000.
Business Analyst II Salary by Company Size
If you’re considering a career in business analysis, you’ll want to know what the typical salary for this position is by company size.
According to the National Association of Business Analysts (NABA), the median salary for business analysts working for businesses with fewer than 500 employees was $58,000 in 2017. For businesses with 500 to 1,000 employees, the median salary was $73,000, and for businesses with 1,000 or more employees, the median salary was $101,000.
As you can see, the salary for business analysts varies depending on the size of the company they work for. If you’re interested in a career in business analysis, be sure to research the median salary for this position by company size to get a better idea of what you could expect to make.
Conclusion
There is no perfect answer when it comes to the salary of a business analyst. However, according to Payscale, the median salary for business analysts is $77,000. This means that there is a wide range of salaries that business analysts can expect to receive, depending on their experience and skills.
