What Is the Average Certified Business Analysis Professional Salary?

Business analysis has become a crucial component of every organization. The role of a certified business analysis professional is to analyze business processes, identify problems, and recommend solutions. As a result, this profession has become widely popular with a steady growth in demand worldwide.

The question that arises is, how much can you expect to earn as a certified business analysis professional?

Salary Range for Certified Business Analysis Professional

According to the data provided by the International Institute of Business Analysis (IIBA), the average salary range for a certified business analysis professional varies from country to country.

In the United States, the average salary for a business analysis professional ranges between $69,000 to $111,000 per annum. In Canada, the average salary falls between $63,000 to $98,000 per annum.

Surprisingly, the average salary in India is lower than in western countries, where the salary ranges from $21,000 to $66,000 per annum.

Salary ranges are dependent on factors such as:

• Location: The cost of living and demand for business analysts dictate local salary ranges.
• Experience: Those with senior roles, having a few years of experience, can demand higher wages.
• Certifications: Certified Business Analysis Professionals generally earn higher salaries than those without certifications.
• Industry: Salaries differ between industries. For example, the healthcare sector provides higher salaries to its business analysts when compared to the non-profit industry.

Benefits of Certification

Having a certification can be a valuable career advantage for business analysts. A certification indicates that the professional has in-depth knowledge of business analysis techniques and methodologies and is capable of meeting employers’ expectations.

But, is it worth it, considering the time and investment? In most cases, the answer is a resounding “yes.”

Certified business analysis professionals are noticed more when applying for jobs. Also, certified professionals typically earn more than those without certification. Moreover, certified business analysts benefit from an in-depth knowledge of best practices, industry standards, and methodologies.

The Future of Certified Business Analysis Professional

The demand for business analysts is projected to continue to grow in future years. According to the US Bureau of Labor and Statistics, employment of business analysts is expected to increase by 14% from 2018 through 2028.

The rise of information technology and the need for process optimization are some of the reasons for the continuing demand for business analysts. As a result, the average salary range for certified business analysts is expected to increase in the coming years.

In Conclusion, if you are keen to kick-off your career as a business analyst, getting certified from reputable organizations such as IIBA could be a significant career boost. The certification can help to differentiate you from your peers and make you a desirable candidate to potential employers.