Business Analyst Salary Illinois

Business Analyst Salary Illinois – Business analysts are one of the best jobs in America for recent college graduates. Additionally, a significant number of people out of college work as business analysts in every state in the union — not all of them are concentrated in California or the South.

Because business analysts are such a niche profession, we wanted to see where business analysts do it best: where there are plenty of jobs to go around, and where people get paid at every stage of their career. Which they deserve.

Business Analyst Salary Illinois

Business Analyst Salary Illinois

To that end, we scoured data from the BLS to find out which states have the best opportunities for business analysts. After crunching all the numbers, we’re left with this list of the best for business analysts in America:

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So there you have it — Virginia is the best of the best when it comes to being a business analyst

How did it end up here and does it really deserve this rating? Read on to see how we did our research for more information on the best states for business analysts and the top ten states.

Here, we talk to many people from all different backgrounds looking for jobs. Our research has concluded that there are two general things people want in a job:

So to find out the best states for business analysts in the US we needed to find out where the jobs are and how well business analysts pay. This led to the following criteria taken from the Bureau of Labor Statistics’ Occupational Employment Statistics for 2015:

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To make the salary data more apples-to-apples across all states, we compared the salary data to the state’s cost of living.

Applying this standardization allows us to account for the fact that some states cost more to live in. For example, the average salary for business analysts in California is $96,550 and the average salary in Oregon is $83,780, but the salary in Illinois actually goes up to pay for the essentials of life.

For development and overall ranking, we ranked each state from 1 to 50 for each criterion with 1 being the best.

Business Analyst Salary Illinois

We then averaged all state rankings in employment scores to determine the state with the lowest overall employment score that earned the title of best state in America for business analysts.

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Total Jobs: 45,960 Average Annual Salary: $102,810 Average Entry Level Salary: $55,110 Average Experienced Salary: $159,020 Location Share: 2.8 2. Georgia

Total Jobs: 24,750 Average Annual Salary: $92,790 Average Grade Salary: $43,770 Average Veteran Salary: $152,190 Location Share: 1.35 3. Washington

Total Jobs: 16,040 Average Annual Salary: $102,000 Average Grade Salary: $53,380 Average Experienced Salary: $161,250 Location Share: 1.21 4. Texas

Total Jobs: 36,090 Average Annual Salary: $96,030 Average Grade Salary: $48,420 Average Experienced Salary: $155,260 Location Share: 0.7 5. Illinois

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Total Jobs: 28,510 Average Annual Salary: $91,380 Average Grade Salary: $44,450 Average Veteran Salary: $150,880 Location Share: 1.09 6. Michigan

Total Jobs: 13,970 Average Annual Salary: $86,780 Average Grade Salary: $47,510 Average Veteran Salary: $136,780 Location Share: 0.76 7. North Carolina

Total Jobs: 14,430 Average Annual Salary: $88,880 Average Grade Salary: $43,420 Average Veteran Salary: $146,860 Location Share: 0.79 8. Alabama

Business Analyst Salary Illinois

Total Jobs: 4,380 Average Annual Salary: $91,020 Average Grade Salary: $44,590 Average Experienced Salary: $146,270 Location Share: 0.52 9. Colorado

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Total Jobs: 8,430 Average Annual Salary: $92,070 Average Entry-Level Salary: $48,420 Average Experienced Salary: $156,280 Location Share: 0.77 10. Kansas

Total Jobs: 3,580 Average Annual Salary: $83,680 Average Grade Salary: $44,120 Average Experienced Salary: $137,420 Position Share: 0.59 You have if you want to start your career as a business owner. are These are the states that should be at the top of your list. You will get high salary, available jobs, and career advancement opportunities. In case you’re curious, here are the worst states to become a business analyst in the US:

About is a career expert site, where recent college graduates can study the paths of previous graduates to find out what career paths they want to take. Career job data can be found at https:///colleges-and-majors/ A person working as a banking business analyst in the United States typically earns around 107,000 USD per year. Salaries range from 50,400 USD (lowest) to 169,000 USD (highest).

This is the average annual salary which includes accommodation, transport and other benefits. Banking business analyst salaries vary widely based on experience, skills, gender, or location. Below you will find a detailed breakdown based on several different criteria.

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Both are indicators. If your salary is both average and above average, you are doing very well. If your salary is lower than both, many people are earning more than you and there is plenty of room for improvement. If your salary is between the average and median, things can get a little complicated. We wrote a guide to explain all about the various scenarios. How to compare your salary

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Experience level is the most important factor in determining salary. Naturally, the more years of experience, the higher your salary. We broke down banking business analyst salaries by experience level and here’s what we found.

Business Analyst Salary Illinois

While someone with between two and five years of experience is expected to earn 80,100 USD per year, which is 38% higher than someone with less than two years of experience.

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Moving forward, an experience level between five and ten years commands an annual salary of 114,000 USD, which is 42% higher than someone with two to five years of experience.

On average, a person’s salary doubles their starting salary by the time they cross the 10-year* experience mark. “

Additionally, banking business analyst(s) with anywhere between ten and fifteen years of experience earn a salary equivalent to USD 139,000 per year, which is 22% higher than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, the expected salary is 147,000 USD per year, which is 6% higher than someone with ten to fifteen years of experience.

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Finally, employees with more than twenty years of professional experience earn an annual salary of 160,000 USD, which is 9% higher than those with fifteen to twenty years of experience.

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Banking Business Analyst Salary Comparison by Education How does education level affect salaries? Shown below is the average salary gap between various banking business analysts with similar experience but different education levels.

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Business Analyst Salary Illinois

We all know that a higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down banking business analyst salaries by education level to compare.

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When the education level is a bachelor’s degree, the average salary of a banking business analyst is 80, 100 USD per year.

While a master’s degree holder gets a salary of 147,000 USD per year, which is 83% higher than a bachelor’s degree holder.

A Master’s degree program or any postgraduate program in the United States costs anywhere from 39, 500 US Dollar(s) to 118, 000 US Dollar(s) and lasts for about two years. This is quite an investment.

Assuming you already have a job, you can’t really expect a pay rise during the study period. In most cases, salary is reviewed after completion of education and obtaining a degree.

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Many people pursue higher education as a tactic to get higher education in order to transition into a higher paying job. The numbers seem to support the theory. The average increase in compensation when changing jobs is about 10% higher than the usual salary increase.

If you can afford higher education, the return on investment is definitely worth it. You should be able to recoup the expenses in about a year or so.

While gender shouldn’t affect pay, in fact, it does. So who gets paid more: men or women? Male banking business analyst employees in the United States earn an average of 6% more than their female counterparts.

Business Analyst Salary Illinois

Percentage of annual salary increases for Banking Business Analysts in United States What is the annual salary increase for Banking Business Analysts in United States? How often do employees get salary increases? Banking Business Analyst

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Banking business analysts in the United States are expected to see salary growth of about 12% every 15 months. National average annual growth for all

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Elia Marlina Smith

Halo, Saya adalah penulis artikel dengan judul Business Analyst Salary Illinois yang dipublish pada September 5, 2022 di website Smallcave

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