Article -> Article Details
Title | Business Analyst: Salary and Scope .. |
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Category | Education --> Continuing Education and Certification |
Meta Keywords | Business Analyst: Salary and Scope |
Owner | john mathew |
Description | |
https://bit.ly/3f6JkHz There is a growing need for highly qualified and established business analysts in every industry today, especially in the US. Companies are unrelentingly employing business analysts to help improve their processes, growth prospects and profits. If you are considering a career as a business analyst, then here is all the information you need to gauge the salary and scope of a business analyst. Business analyst salary and scopeBut before delving into the business analyst salary and scope, it is important to understand who a business analyst is. Who is a business analyst?A business analyst is a sought-after business professional who analyzes past business data to improve future output. They make suggestions for improvements in all areas of business across the organizational hierarchy. Factors determining a business analyst’s salaryWhile there are many factors determining a business analyst’s salary such as location and industry, the primary factors are domain expertise, prior experience, qualifications, results and the company itself. All these factors together might not be considered while employers make a decision, but they might be a few while making their decisions. A great way to establish your career in the onset as a capable business analyst is to complete a focused program such as the Global Master of Science in Business Analytics (Global MS in Business Analytics) from the Richard DeVos Graduate School of Management. This program will propel your career forward and enable you to help startups and Fortune 500 companies alike, to improve their business capabilities. Business analyst pay scale based on locationAccording to PayScale, the average base salary for a business analyst in the US is $80,000 per year, while a senior business analyst can command approximately $88,000. In comparison, according to Glassdoor the average base salary for a business analyst in India is ₹7,20,000 per year which translates to $9,018.51. According to Indeed the average base salary for a business analyst in Canada is $73,544 per year. What is the scope of a business analyst in the USA?
*Source: U.S. Bureau of Labor Statistics, 2019 Deloitte Technology in the Mid-Market survey report, GMAC Corporate Recruiters Survey Report 2019. |