Q: How long does it take to become a senior analyst?

It takes five to seven years to become a senior analyst. Depending on the company and your educational level, the time it takes to become a senior analyst can be ten to 12 years. The minimum educational requirement for a senior analyst is typically a bachelor's degree. Around 68% of senior analysts have a bachelor's degree, and 23% have a master's degree. Interestingly, approximately 6% of senior analysts have just an associate's degree.

Q: How much money does a senior business analyst make?

A senior business analyst makes $104,319 a year. However, this can range from as low as $74,000 a year to as high as $150,000 a year. Factors such as the location of the job, company size, and some years of experience can all impact earning potential.

Question 1

How long does it take to become a senior analyst?

Accepted Answer

It takes five to seven years to become a senior analyst. Depending on the company and your educational level, the time it takes to become a senior analyst can be ten to 12 years.

The minimum educational requirement for a senior analyst is typically a bachelor's degree. Around 68% of senior analysts have a bachelor's degree, and 23% have a master's degree. Interestingly, approximately 6% of senior analysts have just an associate's degree.

Question 2

What comes after a senior business analyst?

Accepted Answer

A business architect comes after a senior business analyst. However, that's not the only path forward. There are other advances that senior business analysts can make.

A senior business analyst may become a technology architect or an enterprise architect, then advance to senior leadership positions in those roles. In other cases, senior business analysts go on to become chief technology officers (CTO). Different paths of advancement could be management consultant, product owner, or systems analyst.

Question 3

What qualifications do you need to become a business analyst?

Accepted Answer

The qualifications needed to become a business analyst include a college degree and some work experience. It's not impossible to be a business analyst without a college degree, but it requires many years of work experience.

Question 4

What is a good starting salary for a Senior Business Analyst?

Accepted Answer

A good starting salary for a senior business analyst is $74,000 in the United States. That puts you in the 10th percentile of annual income for a senior business analyst in the U.S., which is about what you would expect if you were new to the field. The average salary for senior business analysts is $97,084, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a senior business analyst can vary by state.

Question 5

How much does a senior business analyst at McKinsey make?

Accepted Answer

A senior business analyst at McKinsey makes $101,277 per year. This amount is 15% lower than the average McKinsey & Company salary of $119,878 per year for this type of job. It's on par, however, with the national average for senior business analyst positions, which is $104,319 a year.

Question 6

Can a senior business analyst make 100k?

Accepted Answer

Yes, you can make $100,000 per year as a senior business analyst. The chances of earning over $100k for a senior business analyst are actually pretty good because the highest-paid senior business analyst positions typically pay at least $126,000 per year. The average annual salary is $97,084 for senior business analyst jobs. For example, senior business analysts in California whose salaries are in the 90th percentile earn an average salary of $150,000.

Question 7

How much money does a senior business analyst make?

Accepted Answer

A senior business analyst makes $104,319 a year. However, this can range from as low as $74,000 a year to as high as $150,000 a year. Factors such as the location of the job, company size, and some years of experience can all impact earning potential.

Question 8

What is the highest-paid business analyst?

Accepted Answer

The highest-paid business analyst depends on company type, location, and title of position. For example, working at Accenture or Barclay in California would ear you substantially more than working at a small company in Florida, for example.

Frequently asked questions about senior business analysts

Questions about becoming a senior business analyst