Business analyst earnings by seniority

Approximate values based on highest and lowest earning segments.

Business analyst salary by state

State Name Average Salary
New York $109,593
Massachusetts $110,150
Georgia $93,530
Texas $97,080
District of Columbia $103,300
Virginia $97,420
New Jersey $97,860
Washington $97,910
Connecticut $94,410
New Hampshire $90,190
Illinois $79,902
Wyoming $79,590
North Carolina $83,700
Maryland $97,850
Idaho $79,680
Pennsylvania $86,281
California $82,550
Alaska $89,550
Colorado $86,560
Florida $79,630
Michigan $79,140
Vermont $76,520
Alabama $80,816
Ohio $77,730
Indiana $77,305
Nevada $72,920
Rhode Island $81,010
Kentucky $72,472
Minnesota $78,430
Oregon $78,760
Delaware $77,520
Kansas $72,444
Missouri $76,230
Hawaii $78,980
New Mexico $74,570
Tennessee $75,530
Louisiana $72,900
Wisconsin $73,570
Nebraska $76,700
Oklahoma $74,820
North Dakota $71,840
Iowa $72,095
South Dakota $68,890
Utah $72,320
West Virginia $74,840
Arizona $69,260
South Carolina $68,900
Mississippi $64,520
Montana $67,340
Maine $69,830
Virgin Islands $60,380
Arkansas $54,781
Puerto Rico $50,810
Guam $59,900

How much does a Business Analyst earn?

The title of business analyst can describe both entry-level workers and long-term professionals, and salaries vary accordingly. The career path of a business analyst can include becoming a senior business analyst, a business analyst specialist in specific areas, a business manager, a business architect, an enterprise architect, and a director or VP-level position. Other experienced business analysts become independent consultants, taking assignments on contract.

Salaries vary widely and are determined by factors like location, experience level, and industry. According to Pay Scale, insurance and healthcare offers the highest starting wages for graduates of business analytics courses. 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.

Below are the average salary ranges and bonus percentages for business analysts:

Entry Level: $40,000 to $70,000 with up to an 8 percent bonus
Mid Career: $55,000 to $95,000 with up to a 10 percent bonus
Senior Level: $70,000 - $150,000 with up to a 10 percent bonus
Overall U.S. Average: $45,000-$110,000 with up to a 10 percent bonus

How do business analyst salaries compare to similar careers?

Business analysts earn about the same as related careers in the United States. On average, they make less than financial advisors but more than consultants.

Career Median Salary
Financial advisor salary $83K
Stock trader salary $64K
Operations research analyst salary $83K
Statistician salary $88K
Controller salary $71K
Business analyst salary $82K
Financial analyst salary $80K
Entrepreneur salary $43K
Auditor salary $76K
Consultant salary $64K

Source: CareerExplorer (Aggregated)