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Salary For Entry Level Business Analysts

Business Analysis (BA) is one of the fastest-growing careers in today’s world. The demand for BAs outpaces the supply. As the business analyst career provides flexible and independent working options, the salary that a BA earns is higher than that of an average professional. The average Business Analyst makes over USD$78,000 per year!

Entry-Level business analysts mainly assist and work with senior analysts. They get to learn the basics of business analysis, client communication, facilitation, and documentation skills. Most BAs will start their jobs at the project level and won’t have to make many independent decisions. They usually work on software implementation and enhancement, providing support in enhancing the process of documentation. They collect and document business requirements. Their role is to provide feedback and inputs for implementing technology for business solutions, assisting in business planning, analysis, evaluation, and minimizing business risk, and streamlining business needs are also a part of their job.

If you are planning to pursue a business analyst career, you must possess some technical aptitude.

Critical skills needed to be an efficient entry-level BA:

Good BA skills can give you attractive salary packages. While hiring, companies are looking for someone with a unique combination of general and technical skills. Having a good skill set like elicitation techniques gets you huge salary bumps.

According to the 2021 BA salary survey conducted by IIBA – the worldwide average salary range for business analysts at an entry-level position is from $40,000 to $70,000. Business analysis salary is determined by various factors such as qualification, location, job specialization, and experience level, and the company you are working for. For example, BAs in countries like the USA and Australia have higher base salaries than other countries.

Average base salaries for BAs in USA, Canada, Australia, UK, and India:
The USA –

The average base salary for a BA job applicant with a bachelor’s degree is USD$60,135 to USD$101,729;

Canada:
The average base salary for a BA job applicant with a bachelor’s degree is $85,517 to $91,643 (CAD)

Australia:
The average base salary for a BA job applicant with a bachelor’s degree is $127,321 to $129,263 (AUD)

The UK:
The average base salary for a BA job applicant with a bachelor’s degree is £68,905 to £70,491 (GBP)

India:
The average base salary for a BA job applicant in India is Rs. 3.5 lakhs per annum to 5 lakhs.

Given below are entry-level Business Analyst positions corresponding salaries for each position –

Entry Level Business Systems Analyst

At the entry-level, Business Systems Analysts typically answer to a manager and don’t make a lot of completely independent decisions. This starting position generally requires an Associate’s degree and 0-2 years of experience in the field.

In the United States, the expected annual base salary is USD$56,043.

Entry Level Business Data Analyst
An entry-level data analyst job requires a Bachelor’s degree and 0-2 years of experience in this specific field. The job ranges from statistical analysis to data dredging and pattern mining.

The expected starting annual salary is USD$54,272, which is a little lesser than the Entry Level Business Systems Analyst’s salary.

Worldwide average base entry-level data analyst salaries:

Job Qualification for Entry-level Business Analyst
The minimum requirement to be a Business Analyst is a Bachelor’s degree. While any degree is advantageous, the following subjects are helpful as they’re in a similar field: Business Studies, Business Administration, Management, Information Technology.

There are also industry-recognized certificates that aspiring Business Analysts can acquire –

All entry-level BAs will start their work at the project level working on software enhancements and implementations. Also, junior BAs are expected to have good foundational skills and an awareness of analytical techniques. An entry-level business analyst’s salary increases with experience. Educational degrees and certifications also have an impact on salaries. For graduates and postgraduates, there is a wide gap in salaries worldwide. Millions of jobs are posted for business analysts every year and pay good salaries for those with good skills.

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