Business Analyst Salary Details
For a Business Analyst, the Median CTC (Cost to Company) Salary is INR 9,75,708/ per annum About 10% of the workforce has a salary below INR 4,50,000/ About 90% of the workforce has a salary below INR 20,00,000/-
Salary with Career Growth
Business Analysts after working for about 2-4 Years in a particular industry/clients within specific departments (i.e. Finance, Strategy, Technology, IT, Marketing, Etc.) usually get promoted to a designation of Senior Business Analyst. The responsibilities remain the same with added tasks pertaining to mentoring new joiners. The salary hike expected can be around 20-25% for this profile.
After about 1-2 years of further Job experience as a Senior Business Analyst, a candidate dawns the role of Consultant. A Consultant essentially plays a techno-functional role of understanding the requirements from a technological perspective and getting it implemented by the reporting team. The salary hike expected for this profile can be around 25-40%.
After about 2-3 years of further experience depending on the competency, command over the sector, general knowledge and adaptability skills, they get promoted to Project Manager or Product Manager. The main responsibility of a project manager is to ensure smooth execution of projects within delivery date. Product Managers on other end are responsible for development of their products. Salary hike expected for this profile can be 10-20% on an average.
After about 3-4 Years of further experience, Product/ Project Managers dawn the hat of Program Manager who oversee an entire Initiative, upgrades undertaken by the company. Salary Hike expected for this profile can be 10-20% Along with options for profit sharing, ESOPs, etc.
And Finally after further 2-3 Years of experience, Program Managers finally get promoted to Business Head at CXO Positions. Salary Hike expected can be between 20-40% which includes profit sharing, ESOPs, Allowances, etc.
Top Recruiters for this Profile
Business Analyst are widely recruited in the sectors mentioned below. Some of the top recruiters in these sectors are mentioned below as well. The information has been pulled out after analyzing 6 popular Job portals in India namely LinkedIn, Naukri.com, Indeed.com, IIMJobs.com, Timesjobs.com and Glassdoor.
List of Companies
|Tata Consultancy Services||Infosys||Accenture IT Services|
|Hexaware||Tech Mahindra Ltd.||HCL Technologies|
|3i Infotech||Patni Computer Systems||L and T infotech|
List of Best Online Free Courses, Youtube Channels, Content Blogs along with best Certifications to upgrade the skills for a Business Analyst!Know More!