Business Analyst Salaries – Business Analysts are one of the best jobs in America for recent college graduates. Additionally, a significant number of people out of college work as business analysts in every state in the union — it’s not like they’re all concentrated in California or the South.
Since Business Analysts are such an important profession, we wanted to see where business analysts do best: where there are plenty of jobs and people are paid what they deserve at every stage of their careers.
Business Analyst Salaries
To that end, we track numbers from the BLS to figure out which states have the best opportunities for business analysts. After all the numbers were crunched, we were left with this list of the best for US Business Analysts:
A Career As A Financial Or Business Analyst?
So there you have it — Virginia is the best of the best when it comes to being a business analyst.
How did it end up here and does it really deserve this ranking? Read on to see how we completed our research on the best states for business analysts and to learn more about the top ten states.
Here at , we talk to a lot of people from all different backgrounds who are looking for work. Our research concluded that there are two common things people want in a job:
So to find out the best states for business analysts in America, we had to figure out where the jobs are and how well business analysts are paid. This resulted in the following criteria taken from the 2015 Bureau of Labor Statistics Occupational Employment Statistics:
Business Analyst Job Description (with Examples)
To make all salary numbers more apples-to-apples across states, we compared salary data against the state’s cost of living.
Applying this standardization allows us to account for the fact that it costs more to live in some states. For example, the average salary for business analysts in California is $96,550 and the average salary in Oregon is $83,780, but the Illinois salary actually goes more toward paying for life’s basics.
For growth and overall ranking, we ranked each state on each criterion from 1 to 50 with 1 being the best.
We then averaged all rankings for a state in Job Score, with the state having the lowest overall job score earning the distinction of being the best state for business analysts in America.
Business Systems Analyst: Skills, Jobs, Salary, Career Outlook
Total Jobs: 45,960 Median Annual Salary: $102,810 Median Entry-Level Salary: $55,110 Median Experienced Salary: $159,020 Location Rate: 2.8 2. Agriculture
Total Jobs: 24,750 Average Annual Salary: $92,790 Average Entry Level Salary: $43,770 Average Experienced Salary: $152,190 Location Rate: 1.35 3. Washington
Total Jobs: 16,040 Average Annual Salary: $102,000 Average Entry Level Salary: $53,380 Average Experienced Salary: $161,250 Location Rate: 1.21 4. Texas
Total Jobs: 36,090 Median Annual Salary: $96,030 Median Entry-Level Salary: $48,420 Median Experienced Salary: $155,260 Location Rate: 0.7 5. Illinois
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Total Jobs: 28,510 Average Annual Salary: $91,380 Average Entry Level Salary: $44,450 Average Experienced Salary: $150,880 Location Rate: 1.09 6. Michigan
Total Jobs: 13,970 Median Annual Salary: $86,780 Median Entry-Level Salary: $47,510 Median Experienced Salary: $136,780 Location Rate: 0.76 7. North Carolina
Total Jobs: 14,430 Median Annual Salary: $88,880 Median Entry-Level Salary: $43,420 Median Experienced Salary: $146,860 Location Rate: 0.79 8. Alabama
Total Jobs: 4,380 Average Annual Salary: $91,020 Average Entry Level Salary: $44,590 Average Experienced Salary: $146,270 Location Rate: 0.52 9. Colorado
What Is The Average Business Analyst Salary? [2023 Guide]
Total Jobs: 8,430 Average Annual Salary: $92,070 Average Entry Level Salary: $48,420 Average Experienced Salary: $156,280 Location Rate: 0.77 10. Kansas
Total Jobs: 3,580 Average Annual Salary: $83,680 Average Entry Level Salary: $44,120 Average Experienced Salary: $137,420 Location Rate: 0.59 There you have It If you want to start your career as business analyst These are the states that should be at the top of your list. You will find high salaries, available jobs and opportunities for professional development. If you’re curious, here are the worst states to become a business analyst in America:
About is the career expert site where recent college graduates can study the paths of past graduates to learn what career paths they want to take. Career data can be found at https:///colleges-and-majors/. The demand for data analysts has been increasing in recent years and especially after the Covid-19 pandemic. Given the demand for highly skilled data analysts, there has been a corresponding increase in salaries. PayScale shows that data analysts at organizations and consulting firms are paid a median salary of $64,000. But a lot depends on the quality and years of experience of the analyst, his technical skills, employer, location and industry.
In this blog post, we’ll discuss the top salaries for data analysts in various industries and what you can do to increase your value and negotiate higher pay as a data analyst. But first, let’s look at what a data analyst does.
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Every business produces a lot of data that is a potential gold mine of information and they need data analysts to help them uncover it. For example, knowing the best-selling product lines by geography or tracking trends in customer activity by day and hour. Data analysts are technology employees who use a combination of analytical ability, knowledge of programming languages, and business understanding to perform statistical analysis on massive data sets and glean reliable insights from them.
According to the LinkedIn community, the median salary for data analysts in the US is $90,000. Analysts can earn up to $125,000 based on experience, location, industry, company type, etc. You can also get annual bonuses and sign in bonuses over and above your salary.
The Robert Half Technology 2022 Salary Guide found that the average salary for an entry-level data analyst is $116,375. Professionals with exceptional skills and specialized experience can earn up to $167,913.
As you can see from the table above, your skills and experience greatly affect the salary you can earn.
How To Become A Business Analyst
Here are some common roles in data and potential career paths for each. These are options you can choose from and not necessarily linear progressions.
Now that you know the essential difference between data scientist vs. data analyst vs. data engineer, let’s dive a little deeper into the career paths that a data analyst could take.
The primary responsibility of an entry-level data analyst is to identify trends, patterns, and relationships within collected data and derive insights. They also use data mining techniques to organize information and present reports to stakeholders. Organizations use this information to make business decisions.
To get a job as a data analyst, you don’t need a degree in math or statistics, although those are obviously a plus. Many organizations today are open to hiring professionals with basic data analytics training and certification, along with strong technical skills. The skills required to become a data analyst are programming languages such as Python or R, database languages such as SQL, analytical tools such as Microsoft Excel, and computing environments such as MATLAB.
Product Owner Vs. Business Analyst
Entry-level data analysts can earn anywhere from $41,000 to $93,000. Data analytics leaders with experience can earn more than $250,000.
At their core, business analysts are analytical problem solvers who work within a business or organization to identify areas that can be improved. collaborate with stakeholders such as managers, technical teams, suppliers and others to deliver data-driven recommendations.
Primarily a business-oriented role, BAs often have a degree in business or project management. They are also required to have skills such as critical thinking, logical reasoning, analysis and design thinking. Knowledge of tools such as SQL, BPMN, Microsoft Visio and Excel that help them perform data mining and cleaning, reporting etc. is a plus. Business analysts earn an average salary of $70,000 in the US, and those with 3-4 years of experience in the role can earn up to $109,000 per year.
A marketing analyst (MA) is much like a business analyst, but specializes in marketing data to derive insights about sales, purchases, channel performance, and promotions. An MA combines research skills, analytical skills and marketing expertise such as customer profiling, ROI calculations and advertising channel performance. For example, a marketing analyst should know what the conversion rates are, what the cost per conversion is, what the lifetime value of a customer is, and so on.
Business Analyst Salary (january 2023)
In addition to tools used by data analysts (such as Python or R), MAs also use Google Analytics, online advertising and CRM tools.
The average marketing analyst salary starts at $59,400 and can go up to $122,000 depending on experience level. This role can also become a senior analyst, marketing consultant or strategist with a higher pay package.
The industries that pay the best data analyst salaries are the ones that benefit the most from big data analysis. These include technology, healthcare, finance and government services.
Data analysts play a critical role in technology companies and hence,
Business Analyst Salary & Pay
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