A business analyst salary of $67,000 per year with 2 years of experience is above average for someone starting out in the field. It is important to understand that we are not just looking at the average salary range in general, but also what job opportunities are available for someone with this level of experience and skill.
Business analysts play a key role in the software development lifecycle. According to a survey by the Project Management Institute, the average salary of business analysts with 2 years experience is 45,722$ (source:payscale.com). In this article, I will tell you how you can become a business analyst and how much you can expect to make after 2 years in this job.
Business analyst salary with 2 years experience
Before you invest time and money into a business analyst program, ask yourself – am I really ready to start a career as a Business Analyst?
With one of the best and unique compensation package, the degree of attractiveness of a Business Analyst job is on the rise.
Business analysts are well-paid professionals because they are hired to increase a company’s profitability. Business analysis differs from general management or project management as it focuses on unlocking opportunities and resolving issues that stand in the way of business growth.
As the importance of business analytics and data analysis grows, the demand for qualified employees — from analysts to managers — is increasing at an even faster pace.
A business analyst salary with 2 years experience is around $49,000 and with 3 to 5 years of experience, it can range from $69,000 and above. So as you can see the average happens to be around $68,931.
The median salary for a Business Analyst with two years’ experience is $77,000. There are several things that Business Analysts can do to increase their salary such as obtaining a graduate degree or certification, or pursuing some specific types of MBA programs or subjects. Conversely, there are some things a Business Analyst can do to hurt their salary such as moving to a rural area, or working in the healthcare industries.
The median annual salary for a business analyst with two years of experience was $77,000. The lowest 10 percent earned less than $51,000 annually, while the top 10 percent earned more than $114,000. Business analysts that worked in certain industries were paid higher salaries. For example, business analysts working in management of companies and enterprises earned the most money.
Business analyst salaries generally reflect the years of experience. A new business analyst will probably not be able to earn as much as an experienced analyst. Overall, business analysts make from $53,936 to $105,770 per year or $25.27 per hour. Analysts that are part of the larger team usually enjoy the perks and can earn a higher salary than their peers.
Business analysts are expected to enjoy more success in 2014. Due to a projected increase in hiring, pay raises, and opportunities for advancement, business analysts are likely to enjoy a more prosperous future this year than last.
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