Business Analyst Salary in 2024

Salary details

The average Business Analyst salary lies between USD 84,600 and USD 176,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Dec. 15, 2024

Top 20 Job Tags for Business Analyst roles

The three most common job tag items assiciated with Business Analyst job listings are Compliance, Agile and Strategy. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Compliance | 60 jobs Agile | 50 jobs Strategy | 41 jobs Cloud | 41 jobs Governance | 38 jobs Analytics | 33 jobs Jira | 32 jobs Computer Science | 31 jobs Risk management | 29 jobs IAM | 28 jobs CISSP | 25 jobs Clearance | 23 jobs Scrum | 22 jobs C | 19 jobs Confluence | 19 jobs Azure | 17 jobs NIST | 17 jobs Audits | 16 jobs Monitoring | 16 jobs Privacy | 15 jobs

Top 20 Job Perks/Benefits for Business Analyst roles

The three most common job benefits and perks assiciated with Business Analyst job listings are Career development, Health care and Flex hours. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 67 jobs Health care | 48 jobs Flex hours | 34 jobs Competitive pay | 25 jobs Equity / stock options | 17 jobs Conferences | 17 jobs Insurance | 16 jobs Flex vacation | 14 jobs Parental leave | 13 jobs Startup environment | 12 jobs 401(k) matching | 11 jobs Team events | 10 jobs Medical leave | 10 jobs Wellness | 8 jobs Salary bonus | 8 jobs Transparency | 4 jobs Home office stipend | 2 jobs Unlimited paid time off | 2 jobs Flexible spending account | 2 jobs Travel | 1 jobs

Salary Composition

The salary for a Business Analyst in InfoSec/Cyber Security typically comprises a fixed base salary, performance-based bonuses, and additional remuneration such as stock options or benefits. The fixed salary often constitutes the majority of the total compensation package, usually around 70-80%. Bonuses can vary significantly depending on the company's performance and individual achievements, often ranging from 10-20% of the base salary. Additional remuneration might include stock options, especially in larger tech companies, or benefits like health insurance, retirement plans, and professional development allowances. Regional differences can also impact salary composition, with higher base salaries and bonuses often found in tech hubs like Silicon Valley or New York City. Industry and company size also play a role; larger companies or those in high-demand sectors may offer more competitive packages.

Increasing Salary

To increase your salary from a Business Analyst position in InfoSec/Cyber Security, consider pursuing advanced certifications or further education, such as a master's degree in a related field. Gaining specialized skills in emerging areas like cloud security, AI, or blockchain can also make you more valuable. Networking within the industry and seeking mentorship can provide insights into higher-paying opportunities. Additionally, taking on leadership roles or projects that demonstrate your ability to drive business value can position you for promotions or salary negotiations. Regularly reviewing industry salary trends and being open to relocation or switching companies can also lead to higher compensation.

Educational Requirements

Most Business Analyst roles in InfoSec/Cyber Security require at least a bachelor's degree in a related field such as Information Technology, Computer Science, or Business Administration. Some positions may prefer candidates with a master's degree, particularly in Cyber Security or Business Analytics. A strong foundation in both technical and business disciplines is essential, as the role involves understanding complex security issues and translating them into business solutions.

Helpful Certifications

Certifications can significantly enhance your qualifications and are often highly regarded in the InfoSec/Cyber Security field. Common certifications include Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), and Certified Information Systems Auditor (CISA). For those focusing on business analysis, the Certified Business Analysis Professional (CBAP) or the PMI Professional in Business Analysis (PMI-PBA) can be beneficial. These certifications demonstrate a commitment to the field and a recognized level of expertise.

Required Experience

Typically, a Business Analyst in InfoSec/Cyber Security is expected to have 3-5 years of experience in a related field. This experience should include a mix of technical and business analysis skills, with a focus on security-related projects. Experience in risk assessment, data analysis, and project management is often required. Familiarity with security frameworks and regulations, such as ISO 27001 or GDPR, is also advantageous.

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