We recently released the findings from the 2017 Business Analyst Salary Survey. With over 4,300 professionals responding from 109 countries worldwide, we are excited to present the results. This blog post will quickly address some key findings and let you know what you can expect to find in the report. To see the full report, download it here.
The report discusses a number of areas and how each one of them interacts with each other to affect Business Analyst salaries. Specifically, it analyzes reported salaries based on the following:
- Level of Education
- IIBA perspective
The average age of those reporting was 42.2 years old. This is consistent with previous years' salary surveys. The age distribution was also close to even among both genders.
The report details out the full breakdown of age and gender for Business Analysts, and discusses how age affects salary. It also looks into salary growth over years of experience, and breaks down the impacts and implications of experience on salary.
For this first time ever, the respondents of this survey were almost 50/50 for men versus women. In the past women have been the dominated responses, being close to 60% of respondents on average.
Women also reported a higher mean and median salary than men for the first time in the history of this survey, although a higher percentage of men make over $105,000 per year than women. The report contains the full breakdown of the earnings by gender.
Level of Education
The most common level of education among respondents was a Bachelor’s Degree. The report breaks down average salaries for each education level amongst countries and regions.
Respondents from 109 different countries took part in the survey. Data is broken out amongst countries and regions. The report also specifically looks into each region of the United States and determines trends in each one.
The report breaks down specific job titles and how common they are in the United States, Canada, and the rest of the word, along with mean and median salaries for the most popular ones.
The IIBA released perspectives with BABOK 3.0 with the goal to help the marketplace see beyond IT as it relates to value of business analysis. Examples of those include Agile, IT, business process management, and project management.
The most common primary perspective reported was Agile at 30%. The report breaks down whether these categories are trending up or down since the last survey and what the average salary is for each reported perspective.
The industries Business Analysts work in continue to evolve, with only 22.4% of respondents working in the IT industry in this report.
The highest paying industry by average is the Pharmaceutical Industry ($117,301) and lowest paying is construction/real estate. The full report shows the industry breakdown of respondents and breaks down the highest paying industries.
Over 55% of respondents had at least one certification, the most popular certification among survey responses being CBAP.
CBAP holders also had an average salary of almost $12,000 more than those without CBAP. The report details the most popular certifications, as well as their effects on salary. It also looks into whether having multiple certifications is beneficial to salary.
Other Areas of interest:
Some other questions respondents answered include the following:
- What is your expected salary increase in the near future?
- Did you change position or company for a salary increase in the last year?
- Does your organization offer career paths for business analysis professionals?
- What are the career levels offered for business analysis professional?
- Do you have interest in changing jobs because of a lack of career future development?
The answers to these questions and details/implications are broken out in the full report. It also includes a conclusion and the 7 biggest takeaways from the report. Download the full report here.