Business Analyst Salary For Freshers & Experienced
Business Analysts are responsible for analyzing business processes, identifying areas for improvement, and implementing solutions. They also work with stakeholders to identify business requirements, develop functional specifications, and ensure that systems are properly implemented. Business Analysts play a vital role in any organization’s success, and their salaries are reflective of their value. In this article, we will explore the salaries of Business Analysts for freshers and experienced professionals.
Business Analyst Salary for Freshers
The salary of a Business Analyst for a fresher depends on a few key factors, such as the company, the location of the job, and the level of experience. As a fresher, the salary may be on the lower end of the salary scale, but that can increase with time and experience.
Companies Hiring Business Analysts
The salary of a Business Analyst for a fresher varies based on the company they are hired by. Large companies tend to offer higher salaries than smaller organizations. Some of the top companies hiring Business Analysts in India with salary packages for freshers are:
- TCS: TCS offers an average salary of ₹3,46,000 per year for freshers.
- Accenture: Accenture offers an average salary of ₹4,36,000 per year for freshers.
- Wipro: Wipro offers an average salary of ₹3,21,000 per year for freshers.
- Infosys: Infosys offers an average salary of ₹3,61,000 per year for freshers.
- IBM: IBM offers an average salary of ₹4,59,000 per year for freshers.
The salary of a Business Analyst for a fresher also varies based on the location of the job. Salaries tend to be higher in metropolitan areas compared to smaller cities. Here are a few cities in India and the corresponding salary for Business Analysts:
- Mumbai: ₹5,65,000 per year
- Delhi: ₹5,20,000 per year
- Bangalore: ₹5,12,000 per year
- Pune: ₹4,45,000 per year
- Hyderabad: ₹3,92,000 per year
The amount of experience a fresher has also plays a role in determining their salary. Business Analysts with less than one year of experience tend to earn between ₹2,00,000 and ₹4,50,000 per year.
Business Analyst Salary for Experienced Professionals
Experienced Business Analysts are in high demand, and their salaries reflect that demand. With years of experience and expertise under their belt, they can command significantly higher salaries than freshers.
Companies Hiring Business Analysts
As with salaries for freshers, the salary of an experienced Business Analyst varies based on the company they work for. Here are some of the most popular companies hiring Business Analysts in India with their corresponding average yearly salaries:
- JP Morgan Chase & Co.: ₹22,46,000
- Accenture: ₹11,29,000
- IBM: ₹11,51,000
- TCS: ₹6,92,000
- Amazon: ₹17,32,000
The location of the job also has a significant impact on the salary of an experienced Business Analyst. Here are the average salaries of Business Analysts in a few major cities in India:
- Mumbai: ₹11,90,000
- Delhi: ₹11,68,000
- Bangalore: ₹12,64,000
- Pune: ₹10,06,000
- Hyderabad: ₹9,77,000
The more years of experience one has as a Business Analyst, the higher the salary they command. Here is the average range of salaries for Business Analysts based on their experience:
- 1-4 years of experience: ₹4,00,000 – ₹9,00,000
- 5-9 years of experience: ₹6,50,000 – ₹20,00,000
- 10-19 years of experience: ₹12,00,000 – ₹50,00,000
- 20+ years of experience: over ₹50,00,000
The salaries of Business Analysts vary significantly based on a variety of factors, including the company, location, and level of experience. While freshers may earn lower salaries initially, they can expect significant increases with time and experience. In contrast, experienced Business Analysts are in high demand and command significantly higher salaries. Ultimately, the field of Business Analysis offers lucrative salaries and career growth opportunities for those who excel in their roles.