Business Analytics has emerged as a fast-growing field in India’s IT and Enterprise sectors. The field focuses on solving business problems by understanding the needs and making important decisions related to business. These professionals identify and analyze business requirements and facilitate bridging gaps between the IT and business domains of companies to contribute to their profitability.
Business Analysts are professionals who make these data-driven decisions to enhance the potential of an organization. The rise in demand for business analytics in recent times is mainly due to the need to increase the efficiency of businesses at a reduced cost.
In this post, let us take a closer look at the salary of a business analyst in India, the roles they play, and the various career options available in this field.
Role of a Business Analyst and the Common Industries that Hire Business Analysts?
We already mentioned that business analysts are essentially responsible for analyzing and authenticating business process transformations and communicating the same to the stakeholders involved. Looking at the critical responsibilities handled by these professionals, the scope of this profession has enhanced in India over the years.
Below are some common industries that hire business analysts in India
- Finance
- Information Technology
- Healthcare
- Retail
- Government sector
- Business Intelligence
- Entertainment
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Salary of Business Analysts in India 2024
Like other professionals, the Salary of a business analyst in India depends on many factors like the location of the job, the company size, designation, experience, and qualifications. Top global companies, of course, pay better and more competitive salaries compared to small-scale companies.
So, aspirants in business analyst can expect good pay packages in companies like Amazon, Accenture, Deloitte, and TCS among others. Also, students coming from top institutions in the country get the best placements and earn better compared to the rest. On average, a business analyst in India earns a salary of Rs 9.7 lakh per annum, while the range of salary lies between Rs 3 lakh to Rs 17 lakh per annum.
Salary of Business Analysts in India As Per Skills
The salary of a business Analyst varies in terms of the skills they have. Business Analysts need skills based on industry and domain. The better the skills of Business Analysts, the more the payment they can expect. Even a fresher with good skill sets in business analysis can expect an enhanced salary compared to others. Look at the table below to find the salary details of a Business Analyst:
With experience, a fresher in business analyst can earn better. Gaining more knowledge and skills in data modeling, application design, and machine learning can further boost the salary range.
Salary of Business Analysts in India As Per Experience
The salary range of Business Analysts also varies as per experience. The years of experience in your resume play a key role in the compensation package of Business Analysts in India. A fresher business analyst can earn a salary ranging between Rs 2 to Rs 5 lakhs per annum, which goes up with each year of experience to become a senior business analyst. Below is the salary range of Business Analysts in India based on their work experience:
Salary of Business Analysts in India As Per Job Profile
Salaries of Business Analysts also differ in terms of their designation and the department. Depending on the terms and conditions of the recruitment, the designation, and the department, the salary of a Business Analyst is decided. Here’s a list for your understanding:
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Salary of Business Analysts in India As Per City/Location
The city where a Business Analyst is living and working has a role to play in their salary. The bigger the city, the higher the cost of living, and hence companies pay high remuneration in metro cities compared to small cities and towns. For instance, cities like Bangalore and Pune pay better compensation to Business Analysts compared to other cities. Take a look:
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Salary of Business Analysts in India as per Industry
The industry that a Business Analyst works in is also important when it comes to the salary they earn. Industry impacts the earnings of a business analyst. Hence, depending on the job description and the sector, the salary of a business analyst might vary as given below:
Note: The salary figures given above are for reference purposes and may vary depending on various factors.
Conclusion
Business Analysis in India is a sought-after career for many aspiring students. If you are planning to set your career as a Business Analyst and looking for the best online programs to pursue your dreams, Amity Online University brings you several online courses on business analytics.
With the best business analyst certification course, you can obtain the best salary in this field. Online BBA and MBA programs in Business Analytics as well as various certifications offered by Amity Online help prepare students for a prosperous career as a business analyst. Visit the Amity Online portal to know more.
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