Traditional methods do not suffice to cater to the rapid and dynamic business needs, which is why the demand for Business Analysts has risen. However, this demand surpasses their supply, and hence, the salaries for Business Analysts have increased immensely in the last few years.
In this ‘Business Analyst Salary in India for Freshers and Experienced Professionals in 2020,’ we will discuss the salary trends of Business Analysts in India, along with the topics mentioned below:
Before learning about the Business Analyst Salary in India, let’s start by understanding who these professionals are and what they do.
Who is a Business Analyst?
Business Analysts are professionals from the Business Intelligence domain acting as a bridge between the IT and the business departments of an organization, contributing to its sustainability and profitability. They use their knowledge and ability to help the organization make improvements in products, services, and quality.
Check out this YouTube video on Business Analysts to get a better understanding of this profession and how you can get into it:
What do Business Analysts do?
You might be wondering, ‘What does a Business Analyst do?’
The main role of a Business Analyst is to interact with business leaders to gain insights into how data-driven decisions improve business efficiency. These professionals use Data Analytics tools and processes to understand various business requirements, assess organizational processes, and present ideas, recommendations, and reports to inform the condition of the business. In the end, they execute those business ideas that are feasible for the organization, both financially and technologically.
Now, in this ‘Business Analyst Salary in India’ blog, let’s learn about the various roles and responsibilities of these professionals.
Roles and Responsibilities of a Business Analyst
A Business Analyst has numerous roles and responsibilities in the organization he/she works in. Let’s discuss some of them here:
- Evaluate the business processes to identify the requirements
- Assess the improvement areas and implement solutions
- Analyze the business processes to come up with optimization strategies
- Stay updated with the latest advancements in technology
- Automate the existing systems of the company
- Document and present the ideas on how these systems can be improved
- Communicate insights and plans to the other departments of the organization
- Work with the IT department of the organization and with the clients
- Gather data from several stakeholders to build insightful reports
- Maintain cost-efficiency and resource allocation
- Update business processes and implement them
These are some of the responsibilities that Business Analysts need to fulfill when working in an organization. Now, you will learn how you can become a Business Analyst.
How to Become a Business Analyst?
To learn Business Analytics and become a Business Analyst, you need to follow the step-by-step process mentioned below:
- Get a bachelor’s degree in the business domain or an MBA degree
- Gain work experience in the analytical field
- Acquire reporting and documenting skills
- Gain experience in working with various Business Analytics tools
- Attain work experience in various industry-specific projects
- Acquire knowledge and experience in MS Excel, Word, Outlook, etc.
To gain the necessary knowledge, skills, and experience to become a successful Business Analyst, you must enroll in our Business Analyst Course.
Now, after learning about Business Analysts and their roles, you might be having these questions in your mind: Why become a Business Analyst in India? What is the salary of a Business Analyst in India? And so on. Let’s now discuss the salary structure of Business Analysts in India based on various factors.
Business Analyst Salary in India
In this section, we will learn about the average salaries earned by Business Analysts in India based on their position-levels in an organization and as per the Indian states they work in. We will also learn about the salaries offered by some of the major organizations to Business Analysts in India, according to the job listings and salaries posted on Glassdoor.
Average Salary of Business Analyst in India
The salary of Business Analysts in India ranges from ₹300k to ₹1,290k per annum. Their average pay is ₹625k per annum.
Having said this, first, let’s learn about the earnings of these professionals based on their experience and position levels.
Business Analyst Salary for Freshers
The entry-level Business Analyst salary in India lies between ₹350k and ₹500k per annum. This is the salary range earned by a professional having less than 1 year of work experience. With an increase in experience, the salary of a Business Analyst also increases. Business Analysts with a work experience of 1–4 years can earn up to ₹523k per annum, whereas those having more than 5 years of experience can earn about ₹831k per annum.
Senior Business Analyst Salary in India
Expert Business Analysts with 15+ years of industry experience can earn up to ₹1,290k annually, which can slightly vary depending on the position level and the company they work in.
Further, you will come across the salary package of these professionals across numerous states and cities in the country.
Business Analyst Salary in Bangalore
Bangalore, as we all know, is the IT hub of the nation. This Karnataka city has one of the highest numbers of job listings for various IT professions, including those for Business Analysts. For this reason, Business Analysts are also one of the highest-paid IT professionals in the city. Business Analysts earn an average annual income of ₹660k in Bangalore, Karnataka.
Business Analyst Salary in Delhi
In New Delhi, Business Analysts earn an average of ₹600k yearly, which may increase up to ₹1,251k per annum with experience.
Business Analyst Salary in Chennai
The average earning of Business Analytics professionals in Chennai is much higher compared to other cities as there are numerous opportunities for professionals with a technical background here. Business Analysts in Chennai earn about ₹775k per annum on average. This salary amount may rise to ₹1,371k/annum based on experience and skills.
Business Analyst Salary in Hyderabad
In Hyderabad, Telangana, Business Analysts earn around ₹680k per annum. This amount may go up to ₹1,345 per annum based on various factors, such as skills, experience, and knowledge.
After gaining insights into the salaries earned by Business Analysts on the basis of location, now, you will read about the salaries paid to Business Analysts by some of the popular organizations in the world.
Average Salary of Business Analysts in Popular Indian Organizations
Now, we will discuss the salaries Business Analysts draw in Accenture, Capgemini, Tata Consultancy Services (TCS), and other major organizations, offering the highest salary packages to these professionals in India.
The average income of these professionals in Accenture is ₹705k per year, while Capgemini offers about ₹703k per year. In TCS, the average income of these Analysts is ₹697k per year.
However, companies such as HCL and Wipro comparatively offer a lower amount than the above-mentioned companies. Business Analysts in Wipro and HCL earn about ₹580k and ₹521k per year, respectively.
Check out our Business Analyst Interview Questions to ace your job interview and get ahead in your career.
Become a Business Analyst
This ‘Business Analyst Salary in India for Freshers and Experienced Professionals in 2020’ blog has helped you learn about the salary trends of Business Analysts in 2020 in India based on multiple factors. Here, you have also read about who these professionals are, what they do, and what the skills are required to become a successful Business Analyst. Register for our course on Business Analytics today and give a boost to your career in this field.