In the modern data driven world business analyst is a rapidly growing field. It has seen exponential growth in the past few years. A business analyst is someone who helps the organizations to analyze and improve their business processes by identifying the problems, coming up with the solutions which will lead to business growth and efficiency and implementing the said solutions. Moreover, they act as a bridge between different stakeholders. The sectors in which they can have an important role are: financial analysis, quality assurance, training, business policy and procedures, market analysis, organizational development and solution testing.
Specific business analyst roles are given below:
Top skills required to be a good business analyst
Certifications that Boost the Salaries of a Business Analyst 
Salary Overview of a Business Analyst
The salary of a business analyst can vary depending on various factors including experience, industry, location and size of the company. It generally ranges between INR 5,00,000 to INR 12,00,000.
A complete breakdown of the salary that an individual can earn on the basis of their position in the company
Position | Salary |
Entry level | ₹300,000 to ₹600,000 per year. |
Mid level | ₹600,000 to ₹1,000,000 per year |
Senior Business Analyst | ₹1,200,000 to ₹1,800,000 per year |
Team leads | ₹1,500,000 to ₹2,500,000 per year. |
A complete breakdown of factors affecting the salary of business analyst
Industry
The type of industry you work in has a huge impact on your salary as a business analyst. In certain industries like finance, technology and consulting you tend to earn higher as compared to others.
Industry | Salary per year |
IT Services | INR 9,50,000 |
Fin Tech | INR 11,10,000 |
Management Consulting | INR 10,40,000 |
FMCG | INR 10,60,000 |
Emerging Technologies | INR 11,00,000 |
Logistics | INR 11,00,000 |
Manufacturing | INR 10,80,000 |
Location
Metropolitan cities like Delhi, Bangalore, Kolkata might have higher paying jobs as a business analyst as compared to smaller towns/ cities
City | Salary (Fresher) per year | Salary (Experienced) per year |
Bangalore | INR 8,00,000 | INR 13,00,000 |
Mumbai | INR 7,00,000 | INR 10,00,000 |
Delhi | INR 7,00,000 | INR 11,00,000 |
Hyderabad | INR 6,00,000 | INR 12,00,000 |
Gurugram | INR 7,00,000 | INR 11,50,000 |
Noida | INR 7,00,000 | INR 10,00,000 |
Pune | INR 5,00,000 | INR 14,00,000 |
Chennai | INR 7,00,000 | INR 10,00,000 |
Ahmedabad | INR 4,00,000 | INR 9,00,000 |
Kolkata | INR 6,00,000 | INR 9,00,000 |
Skills and Specialization
Having specific skills like data analysis, business process management can lead to an increase in a business analyst’s prospective salary.
Skill | Salary per year |
Business Analysis | INR 6,31,572 |
Requirement Analysis | INR 6,59,932 |
SQL | INR 6,47,341 |
Microsoft Excel Expert | INR 5,57,736 |
Project Management | INR 5,93,715 |
Salary Breakdown according to top recruiters
Recruiter | Salary per year |
Accenture | INR 9,80,000 |
TCS | INR 8,90,000 |
Deloitte | INR 10,20,000 |
Infosys | INR 9,90,000 |
Wipro | INR 10,70,000 |
Amazon | INR 13,90,000 |
ICICI Bank | INR 9,40,000 |
HCL Technologies | INR 8,70,000 |
Cognizant | INR 10,00,000 |
Flipkart | INR 14,00,000 |
Comparison of salaries of a business analyst in India with other countries
Countries | Freshers per year | Experienced per year |
India | INR 4,00,000- 10,00,000 | INR 8,00,000 - 24,00,000 |
US | INR 55,57,500 - 85,50,000 | INR 81,22,500-1,02,60,000 |
UK | INR 34,10,571- 57,97,970 | INR62,52,713.5-1,00,04,341.60 |
Canada | INR 31,79,396.48 - 45,24,525.76 | INR 44,02,241.28 - 62,36,508.48 |
Australia | INR 39,42,887.04 - 54,76,232 | INR 54,76,232 - 65,71,478.40 |
With the evergrowing tech landscape the scope of business analysis is expanding. Businesses have started recognising the value of data driven insights the scope of a data analyst is expected to grow even more. It is more than just a technical skill, instead it is more about understanding how a business operates, what it needs and thus helping it to meet those specific needs. The ability to do so makes their role quite crucial in the organization. Therefore, we can
say that the business analysts earn a competitive salary in India, that varies on the basis of education, location, experience and skills. While the entry level jobs can start at around INR 4,00,000 per year senior analysts can earn up to INR 18,00,000 per year. To conclude, becoming a business analyst is an exciting and fulfilling career choice Compare with management consultant salary trends in India that offers opportunities for growth, learning and making an impact.
.png "Hewlett-Packard (HP)")
.png "Bharat Petroleum Corporation Limited (BPCL)")
