business analyst salary in 2024

The demand for business analysts is increasing, which is good news for professionals working in this field. In many cases, the business analyst salary rises when the availability of suitably skilled professionals doesn’t keep up with demand. That means that those pursuing a business analyst career path — including those who focus on remote business analyst jobs — can get competitive wages and solid benefits with ease.

However, while business analysts are usually well-compensated, their exact pay rates can vary. If you’d like to know about the average salary for a business analyst, how years of experience influence compensation, and more, here’s an overview of business analyst salaries.

For many professionals, finding one of the highest-paying remote tech jobs possible is the ultimate goal, as it ensures their lifetime earnings potential is likewise as high as possible. Fortunately, the business analyst average salary can put professionals in this field in that category, making it a solid career path for those looking for lucrative positions.

However, it’s critical to note that the average business analyst pay can vary depending on the resource you’re checking. According to Glassdoor, the national average base salary for a business analyst is $79,021 per year (although that doesn’t include additional cash compensation, such as performance bonuses, or the value of benefits packages). Indeed puts the average yearly salary for a business analyst at $84,731, while Salary.com lists it at $82,187.

Based on that, the overall average is around $81,980 annually, and most would agree that the average salary range is between $79,000 and $85,000. Ultimately, that’s more than you may earn in a similar role. For example, the web analyst salary average is closer to $77,307 according to Salary.com.

Again though, it’s critical to remember that these figures don’t include additional compensation or the value of benefits. As a result, your total earnings could exceed the salaries outlined above due to how much bonuses and benefits are worth.

Average business analyst salary by years of experience

Just as software developer and senior software engineer salaries vary based on the years of experience a professional has, so too does the business analytics salary. In most cases, the more time you’ve had to develop your professional skills and knowledge, the more value you provide to an employer. In turn, those with more experience typically secure higher salaries than those who are taking their first steps into the field.

As a result, while the figures for the average annual salary of a business analyst above are helpful, they don’t address the entire compensation picture. If you want to know more about how much you may receive as a business analyst based on your current level of expertise, here’s a look at how career level influences compensation.

Entry-level business analyst salary

As with the average business analyst salary information above, data on how much entry-level professionals earn varies depending on the resource you’re using. ZipRecruiter lists the national average entry-level business analyst salary at $70,845 per year. According to PayScale, professionals with less than 1 year of experience can expect around $64,000 annually. However, Salary.com places an entry-level analyst at $53,899 per year.

By averaging those figures, you get an estimated annual salary of $62,915, which is potentially a reasonable target.

Junior business analyst salary

The average salary data of a business analyst at the junior level similarly varies depending on the resource. According to Glassdoor, the average base salary for a junior business analyst is $70,291. Zippia has the median salary listed at $69,642 per year, while Salary.com comes in at $65,947 annually.

If you average those figures, you get a mean junior business yearly salary of $68,627.

Senior business analyst salary

As with the other experience levels, the average compensation data for a senior business analyst varies depending on the resource. Glassdoor lists the average salary of a senior business analyst at $104,911 per year. Salary.com says the mean salary is $88,615, while ZipRecruiter has $105,855 as the national average.

When taken together, that results in a mean senior business analyst annual salary of about $99,794.

While the above figures for the average salaries of business analysts are helpful, it’s critical to understand all the factors that could influence compensation offers. First, the exact skills you bring to the table make a difference. Professionals with knowledge of several frameworks, programming languages, APIs, and AWS may get more lucrative job offers than professionals without those areas of expertise. Similarly, familiarity with cross-functional skill areas, such as client-side tech, user experience/user interface (UX/UI), or other technologies, could lead to higher compensation.

The quality of your business analyst portfolio and how well you answer business analyst interview questions also play a role. Similarly, the degree and certifications you possess will influence your salary.

Another key factor is how effective you are at salary negotiating. Strong negotiation skills work in your favor, making it far easier to secure compensation that aligns with what you bring to the table.

The cost of living in your area or where the company is headquartered may be part of the equation, and some organizations will consider both when making offers. Finally, whether the company is currently at the startup level or if it’s already well-established can be a factor.

Based on the average salary for a business analyst, it’s clear that the field can lead to a lucrative career. However, if you want to get the best pay rate possible, you need to seize every opportunity to grow professionally.

At EPAM Anywhere, we give job seekers access to career-boosting remote tech jobs that help them make their career goals a reality. If you want to take your business analyst career to the next level, apply with EPAM Anywhere today.