Evaluating Your Earning Potential as a Business Analyst in North America

Business analysts (BAs) play a crucial role in organizations of all sizes and industries, by identifying and analyzing business needs, problems and defining solutions to improve business processes and achieve business objectives. If you are considering a career as a BA, you may be wondering how much you can expect to earn in North America.

According to the International Institute of Business Analysis (IIBA), the median salary for BAs in North America is $77,000 per year. However, this figure can vary widely based on a number of factors, including your level of education, experience, and location. Here is a closer look at how these factors can impact your earning potential as a BA in North America:

• Education

  • The level of education you have can have a significant impact on your earning potential as a BA. According to the IIBA, BAs with a bachelor's degree earn a median salary of $70,000 per year, while those with a master's degree earn a median salary of $80,000 per year. Obtaining a higher level of education can also make you more competitive in the job market and increase your chances of getting hired for higher-paying positions.

• Experience

  • As with any career, your level of experience can also impact your earning potential as a BA. According to the IIBA, BAs with less than 2 years of experience earn a median salary of $60,000 per year, while those with 2-5 years of experience earn a median salary of $70,000 per year. BAs with 5-10 years of experience earn a median salary of $80,000 per year, and those with more than 10 years of experience earn a median salary of $95,000 per year.

• Location

  • Where you work can also have a significant impact on your earning potential as a BA. According to the IIBA, the median salary for BAs in the United States is $80,000 per year, while the median salary for BAs in Canada is $70,000 per year. The cost of living can also vary widely across different regions, so it is important to consider this factor when evaluating job offers.

In conclusion, the earning potential for BAs in North America can vary widely based on your level of education, experience, and location. According to the IIBA, the median salary for BAs in North America is $77,000 per year. However, with a higher level of education and more experience, you can expect to earn more. Location can also impact your earning potential, with the median salary being higher in the United States compared to Canada.