Rathod Navanath Ramesh

What is a typical salary structure of a Business Analyst?

I am confused , can you help me out

by Rathod Navanath Ramesh
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RE: What is a typical salary structure of a Business Analyst?

Deepak Rana
Deepak Rana
Verified Career Expert
Author: Sky Beyond the Clouds
  • Kangra

Please read the information below to understand the salary of a Business Analyst:

  • The salary of a Business Analayst in India varies from 2.3 lakhs INR per annum to 10 lakhs INR per annum depending on the company and their expertise.
  • The median salary of a Business Analyst in India is 5.65 lakhs INR per annum.
  • The Business Analyst profile in IT companies generally pay from 2.3 lakhs per annum to 6.5 lakhs per annum.
  • The Business Analyst profile in management consulting firms generally pay between 4.20 lakhs per annum to 10 lakhs per annum.
  • If you want to work in IT companies, that will require you to have an engineering or computer education background.
  • If you are willing to work in management consulting fir, you will be required to have an MBA. These days companies also hire from premier engineering colleges for the position of Business Analyst in a Management Consulting firm.
  • The salary increases with experience and gaining more expertise.
  • The salaries are higher in countries like USA, UK, France, Singapore compared to India.
  • There are many added benefits apart from the salary for Business Analysts.

RE: What is a typical salary structure of a Business Analyst?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Hi,


Greeting's for the day!!!

In Today's fast-paced market scenario, the role of Business Analyst (BA) lends great value to an organization. - a BA is a generalist capable of fucntioning competently in diverse roles.

Outsourcing ahs become a mainstray in our global economy. Large corporations reduce their operation cost by seeking out the same work quality at lower costs. By outsourcing, a distance between business stakeholder and the programmer is created, creating the need for higher quality and more precise analysis, including creation of documents and functional specifications, has risen. With this equipment, an increasing demand for business analysts can be witnessed in our information economy.


Added to this, in a competitive economic landscape, business bodies strive to improve their business processes and reduce costs- Business Analysts are at the center of most of thse initiatives.


Required Skills or Personal Qualities:
1. Communicating Details and Concepts
2. Technical Skills
3. Conceptual Modelling Skills
4. Curiosity
5. Decomposing the Abstract into Details
6. Mentoring and Coaching
7. Communicating Risks
8. Leveraging the "Parking Lot"
9. Change Management
10. Asking WHY?
11. Impromptu Whiteboard Drawing
12. Analytical Skills
13. Problem Solving Skills
14. Decision - Making Skills
15. Negotiation and Persuasion Skills
16. Managerial Skills


Requirements to get Job as Business Analyst:
- Most employees require candidate to have Bachelor's degree in Business Administration or a related field, but some prefer candidates with a Master's Degree.
- Certified Management Consultants (CMC) may have the best job prospects.
- Certifications such as "Certified Business Anslysis Professional (CBAP)" and "Certification of Competency in Business Anslysis (CCBA)" would be considered as an aded advantage.


Job Prospects:
The 2006-2016 U.S. Bureau of Labor Statistics (BLS) report predicts BA's will be among the fastest growing IT Occupations, while Google, Infosys, Wipro and their like are constantly on the lookout for business anslysis graduates with acumen to undertake critical business projects.

Career Prospects fot this course are quite promising, with multinational giants often visiting leading international educational institutions to recruit promising students as a Business Anslyst.With the Business Anslysis qualification earned abroad and experience earned during your study tenure, you can start with a salary of about Rs. 4,20,000 and reach Rs. 15,00,000 or even more over the years, as you nurture your career.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: What is a typical salary structure of a Business Analyst?

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