Updated August 22, 2022

Average Business Analyst Salary

$74,431yearly

$35.78 hourly

Entry level Salary
$53,000 yearly
$53,000
10 %
$74,431
Median
$103,000
90 %

How much does a Business Analyst make?

Business analysts make $74,431 per year on average, or $35.78 per hour, in the United States. Business analysts on the lower end of that spectrum, the bottom 10% to be exact, make roughly $53,000 a year, while the top 10% makes $103,000.

Location impacts how much a business analyst can expect to make. Business analysts make the most in Washington, California, Oregon, New Jersey, and New Hampshire.

Highest Paying States For Business Analysts

The darker areas on the map show where business analysts earn the highest salaries across all 50 states.

  • State View
  • County View
Average Salary:

Business Analyst average salary by State

RankStateAvg. SalaryHourly RateJob Count
1Nevada$75,193$36.15507
2Oregon$81,847$39.35732
3Washington$88,037$42.331,061
4New Jersey$80,764$38.831,403
5Ohio$71,786$34.512,112
6California$86,674$41.674,550
7Minnesota$72,454$34.831,584
8New Hampshire$78,640$37.81214
9Delaware$73,928$35.54261
10Michigan$71,692$34.471,463
11District of Columbia$76,569$36.81585
12New York$77,463$37.242,224
13Pennsylvania$73,549$35.361,551
14Wisconsin$70,198$33.751,104
15Virginia$72,957$35.081,997
16North Carolina$72,446$34.831,501
17Iowa$69,896$33.60652
18Kentucky$68,867$33.11698
19Rhode Island$72,289$34.75201
20Connecticut$77,066$37.05463
21Indiana$69,432$33.381,139
22Maryland$76,826$36.941,073
23Arizona$71,894$34.56920
24Illinois$72,776$34.991,918
25Montana$69,195$33.27251
26South Dakota$67,644$32.52207
27Massachusetts$72,540$34.881,578
28Nebraska$67,854$32.62513
29Idaho$72,596$34.90198
30Kansas$67,666$32.53644
31Alaska$69,616$33.47204
32South Carolina$69,251$33.29682
33Tennessee$66,022$31.741,130
34Missouri$66,979$32.201,233
35Utah$68,404$32.89490
36West Virginia$66,415$31.93220
37Arkansas$64,416$30.97540
38Wyoming$67,260$32.3465
39Colorado$68,170$32.77953
40Texas$66,686$32.063,048
41New Mexico$64,584$31.05348
42Alabama$63,465$30.51751
43North Dakota$66,221$31.84108
44Georgia$66,837$32.131,372
45Vermont$66,511$31.98111
46Louisiana$62,102$29.86514
47Mississippi$62,421$30.01266
48Oklahoma$62,585$30.09441
49Maine$64,214$30.87121
50Florida$61,057$29.352,216
51Hawaii$57,267$27.53123

Highest Paying Cities For Business Analysts

RankCityAvg. SalaryHourly Rate
1Mountain View, CA$91,966$44.21
2Seattle, WA$88,529$42.56
3Washington, NJ$81,060$38.97
4New York, NY$77,893$37.45
5Washington, DC$76,558$36.81
6Hartford, CT$76,558$36.81
7Wilmington, DE$73,976$35.57
8Philadelphia, PA$73,972$35.56
9McLean, VA$73,886$35.52
10Chicago, IL$72,961$35.08
11Jacksonville, NC$72,704$34.95
12Bloomington, MN$72,518$34.86
13Boston, MA$72,421$34.82
14Phoenix, AZ$72,092$34.66
15Columbus, OH$71,698$34.47

Here Are The Five Most In Demand Cities Right Now:

  1. Mountain View, CA
  2. Seattle, WA
  3. Washington, NJ
  4. New York, NY
  5. Washington, DC

Business Analyst Salary Details

Average Business Analyst Salary Graph
Average Business Analyst Salary Graph, Trends, and Summary

What is a Business Analyst's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$103,000$8,583$50
75th Percentile$88,000$7,333$42
Average$74,431$6,203$36
25th Percentile$62,000$5,167$30
10th Percentile$53,000$4,417$25

Average Salary By Related Titles

Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Technical Analyst$74,045$6,170$35.60190,370
Developer Analyst$85,279$7,107$41.00219,524
Business Analyst/Quality Analyst$74,931$6,244$36.02168,145
Business Analyst/Project Manager$99,882$8,324$48.02173,827
Systems Analyst$75,383$6,282$36.24141,289
Business Intelligence Analyst$80,249$6,687$38.58124,916

Here are the five companies hiring the most now:

  1. Google Jobs (762)
  2. Citi Jobs (866)
  3. JPMorgan Chase & Co. Jobs (1,722)
  4. Amazon Jobs (1,483)
  5. Capgemini Jobs (7,168)

Which Companies Pay Business Analysts The Most?

According to our most recent salary estimates, The Citadel and Bunge are the highest paying companies for business analysts.
RankCompanyAverage SalaryHourly RateJob Openings
1The Citadel$146,891$70.621
2Bunge$129,370$62.208
3ICE Mortgage Technology$128,671$61.86
4Meta$128,267$61.67598
5Apple$127,963$61.52325
6Safeway$127,372$61.24
7Fundbox$127,186$61.15
8Pacific Investment Management Company LLC$126,082$60.624
9Google$126,080$60.6273
10NVIDIA$125,618$60.3913
11Putnam Investments$125,141$60.16
12Relationship Science$125,035$60.11
13AEA Investors$124,914$60.05
14NerdWallet$124,591$59.905
15Cambridge Associates$124,498$59.852
16Twitter$124,383$59.80
17Western Digital$124,287$59.759
18Centerbridge Partners$124,118$59.67
19ORIX USA$123,209$59.24
20PayPal$123,086$59.1887

How Much Do Business Analysts Make In Different Industries?

Business analyst salaries can vary depending on the industry. In fact, our data shows that the finance, health care, and manufacturing industries tend to offer much higher salaries for business analysts. For example, business analysts make a whopping average salary of $91,354 while working in the finance industry. Meanwhile, other people in this field are making $86,016 in the health care industry and $85,976 in the manufacturing industry.

Business analysts may want to avoid working in the insurance industry as it offers the lowest average salary of $78,837.

Highest Paying Industries For Business Analysts

RankIndustryAverage SalaryHourly Rate
1Finance$91,354$43.92
2Health Care$86,016$41.35
3Manufacturing$85,976$41.33
4Technology$84,709$40.73
5Telecommunication$79,860$38.39
6Professional$79,537$38.24
7Insurance$78,837$37.90

High Paying Business Analyst Jobs

Business Analyst Salary Trends

Average Business Analyst Salary Over Time

Compare salaries for individual cities or states with the national average.

    Business Analyst Salary By Year

    YearAvg. SalaryHourly Rate% Change
    2022$74,400$35.78+3.3%
    2021$72,000$34.60+2.3%
    2020$70,300$33.82+1.9%
    2019$69,000$33.16+2.3%
    2018$67,400$32.41+1.5%

    Recently Added Business Analyst Salaries

    CompanyJobLocationDate AddedSalary
    Principal Financial GroupExisting Business AnalystDes Moines, IA07/26/2022$36,600
    Baptist Health South FloridaAssociate Business Systems Analyst, Technology & Digital, 8A PNoma, FL07/26/2022$61,128
    Accenture Federal ServicesBusiness AnalystWashington, DC07/26/2022$65,200
    PeratonBusiness AnalystWashington, DC07/26/2022$38,900
    TwilioBusiness Systems AnalystDenver, CO07/26/2022$109,280
    PeratonBusiness AnalystChamblee, GA07/26/2022$61,200
    USAAOracle Business Rules Analyst-Mid Level (Remote)San Antonio, TX07/25/2022$66,300
    USAAOracle Business Rules Analyst-Mid Level (Remote)Charlotte, NC07/25/2022$66,300
    State of North CarolinaIT Business Systems AnalystRaleigh, NC07/25/2022$52,875
    OptechBusiness Analyst IIIDetroit, MI07/25/2022$173,221

    Business Analyst Salaries FAQs

    What State Pays Business Analysts The Most?

    Washington pays Business Analysts the most in the United States, with an average salary of $88,037 per year, or $42.33 per hour.

    How Do I Know If I'm Being Paid Fairly As A Business Analyst?

    You know if you are being paid fairly as a Business Analyst if your pay is close to the average pay for the state you live in. For example, if you live in California you should be paid close to $86,674 per year.

    What Type Of Business Analyst Gets Paid The Most?

    Lead Business Analyst gets paid the most. Lead Business Analyst made a median salary of $107,171. The best-paid 10 percent make $122,000, while the lowest-paid 10 percent make $93,000.

    What Is A Good Starting Salary For A Business Analyst?

    A good starting salary for a business analyst is $60,000 in the United States. That puts you in the 10th percentile of annual income for a business analyst in the U.S., which is about what you would expect if you were new to the field. The average salary for business analysts is $80,312, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a business analyst can vary by state.

    Do Business Analysts Get Paid Well?

    Yes, business analysts get paid well. A business analyst earns an average of $82,343 a year ($40 per hour), however, some specialized business analysts can make upward of $110,000 ($52 per hour) a year (e.g., business systems consultant). An entry-level position starts at $56,000 ($27 per hour).

    Is A Business Analyst A High-paying Job?

    Yes, being a business analyst is a high-paying job. The median annual salary for a business analyst is $94,000. With that said, business analyst salaries vary depending on educational and on-the-job experience and where the job is located.

    Search For Business Analyst Jobs