![[2024] Business Analyst salaries: how much do you earn in France and abroad?](https://datascientest.com/en/wp-content/uploads/sites/9/2024/03/business-analyst-datascientest-1024x512.png)
Charged with analyzing data, writing specifications and building effective dashboards to help organizations make better decisions, the business analyst is a valuable resource.
What is a Business Analyst?
A Business Analyst is a key professional within organizations, acting as a bridge between IT functions and business operations. His or her main mission is to understand business needs, analyze requirements, and propose solutions that improve performance and efficiency through the use of Business Intelligence. By analyzing data, market trends and internal processes, the Business Analyst identifies growth opportunities, optimizes workflows and contributes to strategic decision-making.
In terms of salary, the position of Business Analyst offers attractive prospects, reflecting the importance and impact of this role on the success of projects and the achievement of business objectives. Demand for these professionals is constantly increasing, underlining the importance of their contribution to the modern business ecosystem.
What does a Business Analyst do?
The Business Analyst plays a crucial role in bridging the gap between a company’s IT needs and its business objectives. Main tasks include :
- Requirements analysis: Identify and define end-user needs to ensure that IT solutions effectively meet business requirements.
- Solution design: Work closely with development teams to design solutions that improve business processes and increase operational efficiency.
- Project Management: Oversee projects from conception to implementation, ensuring they are delivered on time and on budget.
- Business Intelligence: Use data to support decision-making, identify market trends and evaluate the performance of implemented solutions.
- Continuous improvement: Propose recommendations based on analysis of current performance and emerging trends to continuously improve business processes.
A Business Analyst’s impact on an organization goes far beyond simple analysis; it’s about transforming data into actionable business intelligence, leading to strategic decisions that promote growth and efficiency. As a result, the salary often reflects the vital importance of the role to a company’s commercial success.
How much does a junior Business Analyst earn?
Salary of an entry-level Business Analyst in France
The salary of a Business Analyst starting out in France, representative of one year’s experience, is estimated as follows:
- Gross annual salary: €40,000
- Gross monthly salary: approx. €3,333
- Net annual salary: €30,000 (after conversion of 76.5%)
- Net monthly salary: approx. €2,500
These values are based on a general estimate and may vary according to the specifics of the job, the company, the geographical location, and other benefits included in the remuneration package.
Salary of a junior Business Analyst in Paris
The salary of an entry-level Business Analyst in Paris, with 1 year experience, is slightly higher than in other regions of France. This is due to the presence of large corporate groups in and around the capital, but also to the relatively higher cost of living. The estimated cost of living is as follows
- Gross annual salary: €42,200
- Gross monthly salary: approx. €3,517
- Net annual salary: €31,650 (after conversion of 76.5%)
- Net monthly salary: approx. €2,638
Salary of an entry-level Business Analyst abroad
Gross annual salaries for an entry-level Business Analyst with 1 year’s experience can vary considerably from country to country, depending on several factors such as the cost of living, local demand for this type of skill, and the country’s economic standards. Here is an estimated list of gross annual salaries in different countries:
- United States: around 60,000 to 70,000 USD
- Canada: approx. 50,000 to 60,000 CAD
- United Kingdom: approx. 30,000 to 40,000 GBP
- Germany: approx. 45,000 to 55,000 EUR
- Australia: approx. 70,000 to 80,000 AUD
- India: approx. 4,00,000 to 6,00,000 INR
How much does a junior Business Analyst earn?
Junior Business Analyst salary in France
The salary of a Business Analyst starting out in France, with between 2 and 4 years’ experience, is estimated as follows:
- Gross annual salary: €47,000
- Gross monthly salary: approx. €3,917
Net annual salary: €35,250 (after conversion of - 76.5%)
- Net monthly salary: approx. €2,938
These values are based on a general estimate and may vary depending on the specifics of the job, the company, the geographical location, and other benefits included in the remuneration package.
Business analyst remuneration by location
While a business analyst’s experience can increase his or her remuneration, it is not the only criterion to be taken into account. In fact, business analyst salaries vary considerably from one region of France to another, as well as abroad.
En France
Business analyst salaries in France range from €29,000 to €60,000, with an average of €3,538. These big differences are partly explained by geographical location.
Unsurprisingly, the highest salaries are in Paris, with an average of €47,000 per year. But what about other cities? Here’s an overview of business analyst remuneration in major French cities:
- Lyon: €43,000 gross per year
- Marseille: €37,000 gross per year
- Nantes: €40,000 gross per year
- Toulouse: €38,000 gross per year
So there’s a €10,000 pay gap between Paris and Marseille.
Abroad
Abroad, the salary gap for business analysts is even wider:
- United Kingdom: €3,590 gross per month
- Germany: €4,304 gross per month
- Switzerland: €8,417 gross per month
- Spain: €2,300 gross per month
- Italy: €2,125 gross per month
- United States: €7,647 gross per month
- Singapore: €49,579 gross per year
- Shanghai: €5559 per month
- United Arab Emirates: €3,390 gross per month
If you want to earn more as a business analyst, it’s sometimes more advantageous to move abroad. But be careful, because you also need to take into account the cost of living in each of these countries.
A business analyst's salary by sector of activity
The final criterion influencing a business analyst’s salary is, of course, the sector in which he or she works. And yes, depending on whether you work for the IT or retail market, the level of remuneration also varies. Generally speaking, the best-paid sectors are IT and e-commerce.
In the U.S., IT (with an average of $93,700 per year), finance/insurance ($83,600 per year) and healthcare ($82,500 per year) earn the most.
In addition to sector, company size is also important. The larger the group you work for, the higher your salary expectations.
In addition to these various factors, data analysts also need to have solid skills to increase their salary expectations. Join DataScientest and increase your salary as a business analyst.
