If you are looking for motivation to stay positive as we are about to bid 2020 adieu, have a look at some encouraging data that IRM Training collected below.
- Significant increase in average salary.
- Noticeable improvement in gender pay gap.
- 3 things influence job satisfaction more than remuneration.
Business Analyst Salary
Compared to other countries, Business Analysts in Australia on average earned ~20% more than those in the UK and Canada, but 5% less than those in the USA.
The same survey found that men in Australia this year earned 1% more than women while slightly fewer worked full time (84% men vs 85% women). In 2019’s survey, the average salary difference was 6%.
According to SEEK, the most common salary advertised for Business Analysis roles is in the range of $100k – $120k.
Popular and Top Paying Industries
The most common industries Australian Business Analysts worked in are:
- Finance, Insurance and Banking (25%)
- Information Technology (19%)
- Government (12%)
Last year the top paying industries for BAs in Australia were Communications, Construction / Real Estate and Energy / Utilities. This year, the top dollars are in:
- Government ($160,028)
- Healthcare / Pharmaceutical ($157,860)
- Information Technology ($149,037)
Robert Half reported that Business Analyst is in the top 5 in-demand roles in the IT & Technology category for both permanent and temporary jobs.
There is also a growing recognition of the importance of business analysis skills in a wider range of roles. In this year’s IIBA® survey of people in business analysis roles, some 40% of the respondents did not have ‘Business Analyst‘ in their job title.
Data Analytics remains popular with 36% of respondents were involved in using data to help their organisation improve efficiencies, deliver on strategic imperatives and enhance customer experience.
– Find relevant Data Analytics courses. –
- 70% feel valued as a Business Analyst
- 46% think their business analysis role is well understood within their organisation
Main factors that influence job satisfaction according to Robert Walters’ salary survey:
- How interesting the day-to-day work is (58%)
- Good work-life balance (53%)
- Training opportunities (51%)
Remuneration and benefits came fourth at 48%.
– Browse Business Analyst courses. –
Business Analyst courses to prepare you for 2021:
- Business Analysis
- Business Requirements Elicitation
- ECBA™ Exam Prep Course
- Workshop Facilitation Skills
- Data Analytics & Business Intelligence
– See all Business Analyst courses. –