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Aside from your interest in being a business analyst, it is also vital to know how much you’ll earn. It’s important to know how much your services are worth, right?

There are a couple of factors that need to be considered when it comes to salary expectations as a business analyst. We are here to give you an idea about how much you will earn as a business analyst through a comprehensive salary analysis and explanation.

What does a business analyst do?

If you’re a business analyst, you’ll play a significant role within your organisation. You’ll need to focus on determining business needs of your organisation, its opportunities and challenges, and recommend solutions that deliver value to key stakeholders. Effective business analysis helps your organisation change, improve its business processes and create better systems.

As mentioned in the BABOK (Business Analysis Body of Knowledge) Guide, “A business analyst works as a liaison among stakeholders in order to understand the structure, policies, and operations of an organisation, and to recommend solutions that enable the organisation to achieve its goals.”

As a business analyst means you need to be familiar with how your organisation operates and understand all of its different levels - whether operational, strategic or tactical. You need to understand your organisation’s business problems and the context of requirements coming from different areas of the business.

As a business analyst you will also play a vital role on projects. You will need to analyse and validate project requirements to ensure their accuracy, communicate with project stakeholders, and recommend business solutions to make sure that the project’s goals can be achieved.

If you’re good at paying attentive to detail, then you might be a good fit for a business analyst role. Analytical and communication skills are also very useful in the role because you’d have to perform both quantitative and qualitative investigations, and would also need to prepare and present a business case for a project.

How much will I earn as a business analyst?

Now you know what a business analyst does, it’s important to know how much you could earn in this line of work. In this section, we’ll examine business analyst salaries in the UK, Paris and Brussels.

To give you an idea about how much you could earn as a business analyst, here's a salary survey conducted in 2018 focusing on locations in the UK, Paris, and Brussels.

Location/industryPermanentContract
Salary per annum (GBP) Rate per day (PAYE) (GBP)
2017 2018 2017 2018
London/Financial Service Technology 70k - 100k 70k - 100k 450 - 700 550 - 700
Midlands/Information Technology 35k - 50k 40k - 60k 400 - 600 400 - 600

In the graph above, as a business analyst working in London within financial services technology you could earn £70-100k per year, with a daily rate of £550-700. If you’re a business analyst in the Midlands a typical salary would be £40-60k, with a daily rate of £400-600. As you can see, business analyst salaries in London and the Midlands have also increased since 2017.

If you’re based in Paris, your average annual salary as a business analyst is more likely to be around €45k in 2018. According to Glassdoor, this can go up as high as €56k.

Business Analysis Salaries in Paris

If you’re based in Brussels your typical business analyst monthly salary ranges between €2,300 and €4,700.

Business Analysis Salaries in Brussels

These recent salary surveys show the excellent salaries you can earn throughout Europe as a business analyst. You can also see that a business analyst's salary is competitive based on the years of experience. Finally, these surveys also suggest that the high demand for business analysts is caused by the introduction of new regulations.

Why choose to be a business analyst?

There are several factors to consider when choosing the right career path. Is it practical? Will I be able to maximise my knowledge and skills in this job? Do I have what it takes to succeed in this line of work?

Being a business analyst entails not just one but several roles and responsibilities. It can be a demanding and challenging role, so isn’t suited to everybody. However, business analysis is ultimately a rewarding career path, both in terms of personal achievement and salary. Here are three reasons why you should consider, or rather choose, to be a business analyst:

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1. You’ll gain heaps of knowledge and experience

Learning does not stop when you enter a career - it actually starts from there. Because of the diverse nature of business analysis, you will gain an abundance of experience and knowledge in all aspects of the organisation. Due to the demanding nature of the role, you will also encounter challenges that’ll help you grow as a professional. Most of all, learning and experiencing new things will be fun! No day will be exactly the same and you’ll gain a real sense of job satisfaction.

2. Pay is competitive

According to the salary surveys above, there's high demand for business analysts in 2018. This is proof that there's a bright future ahead for aspiring business analysts. For example, in London there was an increase from £50-90k in 2017 to £50-110k in 2018. This is also the same case in other parts of the UK. So, there's a competitive salary waiting for you. What's not to love about being a business analyst?

3. Your career will grow

The knowledge, skills, and experience you’ll gain from business analysis will lead to career growth. Many employers also offer accredited business analysis training. Such training leads to certification, which helps you prove your knowledge to employers, and move on to bigger and better jobs! If your employer doesn’t provide training, you can always achieve it independently. Similarly, business analysis also has a clear career path, from entry level to senior. This means you can move up after gaining the right experience and this leads to an increased salary too.

Summary

Business analysts in Europe have superb salaries. And this isn’t surprising. Business analysts perform a vital role within any company, acting as a problem-solver and helping the company to achieve business goals, whether that means increased profits, productivity or efficiency.

Whether you want to move into business analysis, or start from the bottom and move up, we hope this guide has helped you learn more about business analyst careers and salaries.

List of references

[1] Cadle, J., Paul, D. and Turner, P., 2010. Business Analysis Techniques: 72 Essential Tools for Success. City of Westminster: BCS The Chartered Institute.

[2] Glassdoor, 2018. Business Analyst Salaries in Paris, France Area. Available at: https://www.glassdoor.com/Salaries/paris-business-analyst-salary-SRCH_IL.0,5_IM1080_KO6,22.htm https://www.glassdoor.com/Salaries/paris-business-analyst-salary-SRCH_IL.0,5_IM1080_KO6,22.htm

[3] IIBA, 2015. A Guide to the Business Analysis Body of Knowledge (BABOK Guide). Ontario: International Institute of Business Analysis.

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[4] Podeswa, H., 2009. The Business Analyst's Handbook. Boston, MA: Course Technology (CENGAGE Learning).

[5] Robert Walters. Salary Survey 2018. Available at: https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf

[6] Robert Walters. Salary Survey 2018. Available at: https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf
https://www.robertwalters.com/content/dam/robert-walters/global/files/salary-survey/RW-European-Salary-Survey-2018.pdf

[7] Wagner, W. and Weese, S., 2011. CBAP/CCBA Certified Business Analysis Study Guide. Indiana: Wiley Publishing, Inc.

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Simon Buehring

Simon Buehring is the Founder and Managing Director of Knowledge Train.

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