July 2024 - Market Summary - Business Analyst jobs in the United States
A deep dive into the business analyst job market, where we analyse our job openings and trends for the month of July, 2024
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A deep dive into the business analyst job market, where we analyse our job openings and trends for the month of July, 2024
A deep dive into the business analyst job market, where we analyse our job openings and trends for the month.
There's a lot of uncertainty in the air, so we're hoping to provide valuable insights and answers to your most pressing questions about state of the business analyst job market.
For that, we will only be using data gathered from job opportunities listed on our site, BusinessAnalyst.com - we're not using any external benchmarks, nor data points.
So, let's dive right in.
For those who are looking to start as a business analyst, or with couple of years of experience under their belt we have seen 28 open positions available in the US.
Jobs are being listed across industries, with the financial sector being most prominent.
When it comes to salaries, the minimum starting salary we've seen was at $40,000, going as high as $126,500 annually
The usual average salaries are in the $63,511 - $84,391 range.
Typically, more experienced analysts will work as senior business analysts - such roles will see you taking ownership of the business processes within your organisation, and usually these roles require between 3-5 years of experience.
We've seen 48 open positions available.
Financial companies were most active in their hiring efforts, with 13 senior business analyst opportunities opened.
The starting salary is understandably higher than at an entry level, particularly on the "up to" level - starting salary was at $48,700, going as high as $199,000 annually.
The usual average salary is in the $81,926 - $104,168 range.
A lead business analyst is usually a team leadership position that commonly requires at least five years of experience, as such there's usually little bit less opportunities on the market, as these roles don't only require individual performance, but also leadership skills.
We've seen 39 open positions available.
Financial sector leading the number of job postings opened, with 24 opportunities.
The minimum starting salary was at $61,100 and going as high as $195,000 annually, and the usual average salary is in the $94,414 - $125,853 range.
The trend of offering employees more flexibility, and integrating work from home policies is continuing.
We are seeing almost 79% of the positions allowing for at least a few days of remote working, with 42% of jobs being fully remote.
On the salary note, we can see that the ranges provided leave a lot of room for negotiations. Particularly it shows there's a lot of unknowns when it comes to determining the salary that company is looking to offer, and what the fair market rate for the role actually is.
That's a wrap for our July, 2024 business analyst market summary report - you can expect the next edition in early September, 2024.
We just updated our Business Analyst Salary Guide - it provides the overview of business analyst salaries in various industries - and now also shows a more detailed view on each industry page, with a deep dive into how much entry level, senior and lead business analysts can earn depending on their experience.
Not only that, you can also see business analyst salary ranges for various states across the United States.
So, check it out and see how your business analyst salary compares.