Business Analyst Salary Nj
The average salary for a business analyst in New Jersey is $86,200, according to Indeed.com. The demand for business analysts is expected to grow by 21% between now and 2020, which means there are plenty of opportunities for those who are qualified.
Table of Contents
2019 Business Analyst Salary Information
[ytvideo]
Business Analyst Salary in NJ: An Overview
How Much Do Business Analysts Make in NJ?
The Highest
Business analysts are in high demand in New Jersey, as the state’s economy continues to grow. In fact, according to Glassdoor, the median pay for business analysts in the Garden State is $75,000. That said, salaries can vary quite a bit depending on the experience and qualifications of the individual.
In general, business analysts with five or more years of experience can expect to make around $85,000 annually. However, this figure can rise significantly based on experience and skill set. For example, analysts with a Master’s degree in business can expect to make upwards of $110,000 annually.
What Are the Highest paying Jobs for Business Analysts?
There are a number of high-paying careers for business analysts, including consulting, audit, and finance. However, the highest paying job may be in research and development. According to the Bureau of Labor Statistics, business analysts who work in research and development can expect to make an annual salary of $118,520.
Paying Cities for Business Analysts in NJ
The Lowest
Business analysts have a variety of responsibilities and skills, so it’s no wonder that salaries vary depending on the location. That said, here are the lowest paying cities for business analysts in New Jersey.
- Camden, NJ
Camden’s median salary for business analysts is just $59,000. This is partly due to the fact that the city has a relatively low concentration of businesses and analysts. Additionally, Camden’s cost of living is among the highest in the state.
- Trenton, NJ
Trenton has a median salary of $63,000 for business analysts, which is above the state median of $60,000. This is likely due to Trenton’s concentration of government and financial institutions.
- Newark, NJ
Newark’s median salary for business analysts is $66,000, which is higher than the state median of $60,000. Newark also has a relatively high concentration of businesses and analysts.
- Edison, NJ
Edison’s median salary for business analysts is $71,000, which is higher than the state median of $60,000. This is likely due to the city’s concentration of technology companies.
- Elizabeth, NJ
Elizabeth’s median salary for business analysts is $75,000, which is higher than the state median of $60,000.
Paying Cities for Business Analysts in NJ
Factors That Impact Business Analyst Salaries in NJ
How to Become a Business Analyst in NJ
Business analysts in New Jersey may earn anywhere from $60,000 to over $100,000. Factors that impact business analyst salaries in New Jersey include the number of years of experience the analyst has, the company they work for, and the size of the company.
Becoming a business analyst in New Jersey generally requires a degree in business or engineering. However, there are a number of opportunities for experienced business analysts to become certified business analysts. Certification can increase the analyst’s salary by up to 20%.
There are a number of opportunities for business analysts to increase their salary in New Jersey. For example, some companies offer bonus opportunities or 401(k) matching contributions.
Conclusion
NJ residents who are interested in pursuing a career as a business analyst should note that the median annual salary for this profession is $86,460. Those who are qualified and have the right skills can expect to earn significantly more, depending on their experience and company size.
