Do you want to know the average salary of a business intelligence analyst? Then you don’t have to think any longer. With each passing moment, the BI industry undergoes radical changes. Analysts around the world are expecting new wage shifts. With so many options available to business intelligence analysts in a variety of fields, the growing world of artificial intelligence and financial management is on top. We’ve assembled a rundown of the most critical statistical Salary change in 2024 for BI analysts in this blog post. That said, there is certainly a lot to know, so let’s get going!
Financial management has never been easier in the age of AI. This shows that business intelligence analysts are at the core of every company. The average compensation for a BI analyst varies widely (between $67,283 base salary and $104,548 national U.S. average), showing that there are various prospects for promotion as well as higher pay depending on professional expertise, place, and years of rich experience. Even so, we cannot claim that the calculated figure is completely accurate since it’s driven by a variety of variables. This includes your employer, the sector in which you work, and, most importantly, your background and experience as a Business intelligence analyst.
With that insight, according to the US Bureau of Labor Statistics, the employment horizon for business analysts is expected to rise 11% (even faster than the overall average) between 2019 and 2029.
According to ZipRecruiter, as of 2024, the majority of BI analysts in the U.S tend to earn between $85,274/year and $41.00/hour which is equivalent to $1,640/week or $7,106/month. You might also be interested in Business Analyst Jobs Market Trends.
Check out the average business intelligence salary based on various factors including experience level, industry, location, and position. These figures provide a general overview of current BI salary stats. This means that there could be several incentives and higher pay in terms of skill level, place, and years of experience.
The level of your expertise is a decisive factor that determines how much you’ll earn in a given role. Business intelligence analysts at the entry, mid, and senior levels earn different salaries. Allow us to demonstrate how.
An early-level business intelligence analyst, based on data provided by payscale, with minimum experience of 1-4 years can expect to earn an average total compensation of $67,283. The median wage for an Early Level Business Intelligence Analyst can vary up to $39,000 implying that several opportunities or promotions can lead you to an increased pay depending on skill level, position, and training.
As compared to an entry-level, a mid-level BI analyst earns an average total compensation of $77,979. An average analyst having a mid-career with 5-9 years of experience is expected to earn better wages. That being said, an early career business intelligence analyst earns $67,736 with 5-9 years of experience.
A senior-level business intelligence analyst tends to earn more than all levels of business analyst roles. As a senior-level analyst, you earn a sum of $104,548 based on10-19 years of experience. BI Analysts having more experience generally tend to earn more as per their level of expertise, as opposed to entry, early, mid-business intelligence levels.
See the graph below that tells you the difference in a glance:
We have listed below the top five positions related to Business Intelligence Analyst that offer more per year than the average BI Analyst salary. These are the best BI work roles in the respective industry, with decent salaries. Let us begin with the most important role:
In larger groups with specialized personnel, the Business Intelligence Director usually manages and contributes to the policy directly affecting the practical authority. As a Business Intelligence Director, you’re in charge of overseeing the creation and upkeep of business intelligence applications such as identification or investigation. Furthermore, you ensure that the use of business intelligence applications improves and strengthens your firm’s business plans.
The maximum salary of a Business Intelligence Director in the US is $135,714 the monthly salary is $11,310 and the weekly salary is $2,610.
Sap business analysts are responsible for information management and collection. As a Sap BI administrator, you control the Domains, OU, and User Object management. Your primary responsibility is to conduct system analysis. Tuning to ensure optimum Microsoft AD infrastructure response for multi-user and multi-site environments is another aspect of your tasks. Furthermore, as the manager of Group Policy Objects, you schedule, configure, and administer Microsoft Windows AD or OS.
In the United States, the average salary for a Sap Business intelligence analyst is $99,879. The monthly wage is $8,323, and the weekly wage is $1,921.
As a business intelligence lead, you develop a roadmap for the distribution of information. After implementation, you channel this analytical information to the business’s main stakeholders involving internal employees, partners, and clients. In this position, you’ll be eventually responsible for assisting in the transformation of the organization into one that genuinely distinguishes and competes on knowledge and analytics. As a business intelligence lead, you are responsible for data gathering. Simply put, you analyze the company’s output to find potential issues and seek maintenance.
The average salary of a lead BI analyst in the US is $119,350. The monthly salary is $9,946 and the weekly salary is $2,295.
A BI Consultant is in charge of testing, implementing, and documenting BI systems. As the consultant in this analyst position, you will be responsible for evaluating existing data-collection and analytics systems. To complete day-to-day activities, you’ll have to monitor the entire process of data collection, storage, review, and delivery. This position generally involves close collaboration with technical teams to design, create, and implement new data analysis policies. Consider this a part of your work, from building to developing data analytics and business intelligence techniques.
The average salary of a BI consultant in the US is $116,612. Similarly, the monthly and weekly salaries are $9,718 and $2,243 respectively.
Being a Business Intelligence Manager, you’re in charge of overseeing the technical architecture as well as the upkeep of business intelligence applications. As a Business Intelligence Manager, you have to oversee a team of analysts or developers involved in the creation and implementation of business intelligence rules and tools. A Business Intelligence Manager detects, investigates, and resolves technological issues. This will allow many BI managing practices to be instantly managed under a sole authority of a business intelligence manager. You can also Check out Project Manager Salary Statistics.
The average salary of a Business Intelligence Manager is around $110,889 whereas the monthly and weekly wages are $9,241 and $2,132 respectively.
Some of the highest paying companies according to Indeed.com in this sector include the following.
United States:
Noticeably, San Mateo, California seems to have a very productive BI analyst job market, since several firms are continuously hiring for this type of position. With starting wages higher than the national average in these ten cities, the opportunities for financial maintenance by shifting locations as a business analyst occur to be immensely helpful. Average BI analyst salary for different roles in different cities of United States are:
| Cities (United States) | Annual Salary |
| San Mateo, CA | $118,368 |
| Berkeley, CA | $123,507 |
| Daly City, CA | $119,416 |
| Richmond, CA | $114,198 |
| San Diego, CA | $108,902 |
| Bellevue, WA | $113,776 |
| San Francisco, CA | $108,613 |
| Brooklyn, NY | $108,974 |
| Riverton, WY | $108,798 |
| New York, NY | $99,418 |
As you can see from the above table, these cities are considered to be the highest paying cities in the US for BI analysts.
This section is the most important one as it gives our readers an idea of how much a BI analyst can earn on average. We have listed down the salary details of BI analyst working in five major countries. So let’s see the salary statistics of these individuals working in different major countries.
| Country | Average Salary (Yearly) |
| United States | $87,817 |
| Canada | CA$83,148 |
| United Kingdom | £42,564 |
| India | ₹842,201 |
| Australia | A$107,078 |
Working as a BI Analyst in the US can help you make around $87,817.
If you are working as a BI Analyst in Canada then this can help you earn an average annual salary of CA$83,148.
The average annual salary of a BI Analyst working in the UK can earn around £42,564 per year.
BI Analyst working in India can make around ₹842,201 annually.
In Australia, if you work as a BI Analyst then you can expect to make around AS$107,078.
Important Note: We suggest you always stay updated regarding the latest trends and technologies in the BI field as this would help you stay competitive and can lead to higher salary potential.
If you wish to stay competitive or one step ahead in the ever-evolving BI field then it is best to make a cycle of continuous learning and professional development. You can always look for ways to stay updated regarding all the latest BI tools, techniques, and technologies. This can be done through online courses, workshops, and by attending conferences.
This is another way to help you maximize your salary potential. By acquiring any of the relevant certifications, you can easily demonstrate your expertise and this will eventually enhance your marketability. These certifications include;
You can always look for different opportunities to work on real-world projects as this allows you to apply your skills in a practical setting. Everyone knows that hands-on experience can boost one’s resume and even salary potential. So you can try freelance projects, internships, or other ways to gain valuable experience.
Mentioning all your accomplishments in your resume makes it easier for employers to find and consider you for a specific job. So whatever you have achieved work-wise should always be mentioned in your resume.
When you have good relations or connections with other professionals in the BI field, you can always get access to valuable insights, new jobs, and mentorship opportunities. So you should try to attend industry events and engage in different online communities as it greatly expands one’s network.
Whenever you are exploring new job opportunities never feel shy to negotiate your salary. The same is the case during performance reviews. Before doing that, you can research industry salary benchmarks and get an idea about how much you should ask for. Effective negotiation can always lead to a higher salary package.
If you want to land a job that offers a competitive salary then the best way is to regularly monitor market trends and stay informed regarding which job role gets how much. If you have this kind of knowledge by your side, then this can help you land a job that offers a salary of your choice or the one you deserve.
Taking on additional responsibilities or moving into managerial roles can advance your career and this ultimately leads to higher compensation and benefits. So try to take the initiative and look for growth opportunities within your organization.
Always remember one thing if you want to maximize your salary potential. It always demands continuous learning, networking, practical experience, and the ability to showcase your value in front of employers. If you manage to adopt all these tips, then the chances of your getting a rewarding career or a high-paying job are high.
This will assist you in understanding what you would do as a BI analyst. The entire feature is favorable to all analysts seeking better pay and working conditions. We hope you found this article useful. Sincere thanks!
References
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