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Industry Insights: Business Analytics Salary and Job Outlook

April 28th, 2023

Industry Insights: Business Analytics Salary and Job Outlook
Table of Contents Business Analytics is a rapidly growing field that has revolutionised the market. It involves the use of advanced techniques and tools to analyse and interpret data, uncover insights, and make informed business decisions. As businesses increasingly rely on data-driven decision-making, the demand for business analyst courses is skyrocketing.

With the help of more efficient and smarter technologies and automation, this field is growing really fast.

Business Analytics is the need of the hour - whether you are an entrepreneur, a business owner, or even an individual. It is defined as a process where companies collect, analyse and store data. However, rather than referring to the broader field of business analytics, many businesses use this term to describe their own analytical processes.

This blog will help you learn more about the job outlook for a business analytics certification program that can be used in different industries. You will also learn about the salary offered to a business analyst based on different factors such as experience, location, and more.

Business Analytics Job Prospects

Business Analytics Job Prospects

The job prospects of business analytics are strong. According to a report by the U.S. Bureau of Labor Statistics (BLS), analytical job roles are spread across various industries:
  • Management analysts: 14%
  • Operations research analysts: 25%
  • Market research analysts: 22%
  • Financial analysts: 6%
Since every industry needs business analysts, they are in high demand. Every industry that produces goods, provides services, or both wants to make better decisions to increase sales and profits. To accomplish that, they require qualified professionals who can work with data sets that are continuously expanding in volume, importance, and complexity.

Business Analytics Salary

Business Analytics Salary

The salary for a fresher who has just completed a business analytics certification program in India can vary depending on several factors such as the level of experience, the industry, and the geographic location. On average, a Business Analytics professional can expect to earn between INR 4,00,000 to INR 15,00,000 per year in India.

Salary Based on Location

In India, the annual salary of a business analyst differs based on the city they are working in. To give you a better idea, here is a list of cities and the salary that you can expect as a business analyst there. Note that, this is an average annual salary for each city and it may differ depending on your skills and experience as well.
  • Bangalore - Rs 7,38,092
  • New Delhi - Rs 6,08,820
  • Pune - Rs 7,52,994
  • Mumbai - Rs 6,19,360
  • Hyderabad - Rs 6,38,815 
  • Kolkata - Rs 6,81,163

Salary Based on Experience

One of the main factors that determines your salary as a business analyst is your experience. You will get better as you gain more experience working with different organisations. Based on your experiences, this is the average base salary you can expect in India.
  • Entry Level Business Analyst - Rs 3,69,525
  • Early-Career Business Analyst - Rs 5,13,065
  • Mid-Career Business Analyst - Rs 8,56,871
  • Late-Career Business Analyst - Rs 12,89,367
  • Experienced Business Analyst - Rs 19,65,270

Salary Based on Industry

Your salary as a business analyst also depends on the industry you are working in. Here is a comprehensive list of the annual salaries you might anticipate as a business analyst depending on your sector:
  • IT Consulting and Services - Rs 7,00,000 
  • Financial Services - Rs 8,10,000
  • Manufacturing - Rs 7,00,000
  • Hardware and Networking - Rs 7,30,000
  • Internet - Rs 8,40,000

Conclusion

Conclusion

We are sure this blog has helped you to learn about the job outlook and salary trends based on multiple factors after pursuing a business analyst course. As we’ve seen, your past corporate experience, industry type, and even location will impact how much you earn. While it is difficult to give a single figure, it’s clear that business analysts are generally well sought-after and usually earn far above the average.

If you like the challenge of selling complex ideas to multiple stakeholders, and love interacting with various teams, then business analyst is definitely the career for you. One of the best ways to prepare for a career in business analytics is to get a business analytics degree online from upGrad Campus.

Those who graduate from this business analytics certification program can enjoy greater job security, higher salaries and potentially become analytics department leaders.

Visit the upGrad Campus website to explore more about the business analyst course.

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