Business analyst salary

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What Is a Business Analyst? Job Description, Salary, and Skills

Careers for business analysts are projected to grow at a strong rate. Learn more about a business analyst job description, salary, skills, and more!

By bringing business needs together with IT resources, business analysts come up with ways to improve organizations. They listen to leaders, stakeholders, and others at a company to understand a current situation or problem. Then, they work on improving it through data analysis.

If you think you’d be good at helping organizations make important changes to their processes, products, and services, here’s a look at what’s involved in a career as a business analyst.

Note: FlexJobs is a subscription service for job seekers that features flexible and remote jobs. With an A+ rating from the Better Business Bureau, the monthly subscription costs allow us to fully vet and verify all of the jobs on our site—ensuring that customers have a safe and positive job searching experience. 

Business Analyst Job Description

Companies employ business analysts to help them get from where they are to where they want to be. Specifically, business analysts use data to evaluate processes and procedures, determine what needs to change and how to change it, and present their findings to the company.

Business analysts realize, however, that parameters such as cost constraints and technical feasibility affect what actions an organization can take.

In determining their recommendations, business analysts often perform duties such as:

  • Talking to people to understand goals and gain information on current operations
  • Questioning assumptions about why problems exist and why things are done in certain ways
  • Outlining findings and possible solutions
  • Making data-driven recommendations
  • Budgeting and forecasting
  • Monitoring progress and presenting reports

Types of Business Analysts

Though many job titles say “business analyst,” in some respects, this title is a catchall phrase. And while many business analysts conduct their studies across entire businesses, there are those who focus on specific areas of analysis.

For example, management analysts analyze an organization’s processes and procedures, then recommend ways the company can improve their efficiency. But a compensation, benefit, and job analyst compares compensation and benefit plans, then recommends the best choices for the company.

Other job titles include:

  • IT Business analyst
  • Systems Business Analyst
  • Business Performance Analyst

Relation to Team

A one-size-fits-all description of where a business analyst fits into company structure does not exist. Companies that hire business analysts may employ several analysts, or just one or two, and some places assign them to specific departments, while others put them on projects based on most pressing needs. Leaders often prefer when business analysts do not have an affiliation with a certain team because it allows them to approach a problem from a fresh perspective.

Typically, business analysts work in close association with project managers. They also frequently interact with IT staff and financial reporting teams.

Desirable Skills for Business Analysts

Inquisitive problem-solvers who ask both the “dumb” and the hard questions make good business analysts. Gathering information, however, is only part of the job. These professionals need strong analytic skills to process the data and come up with achievable action plans based on technical feasibility and company resources. Mastery of Excel, PowerPoint, performance analytics software, CRMs, and other tools enables business analysts to sort data and present findings.

The ability to communicate clearly contributes to success in this role. Business analysts regularly interact with others at various levels, so they need to eliminate jargon to present information and instructions in ways that make sense to their audience.

Business Analyst Qualifications

Business analysts commonly hold an undergraduate or graduate degree in business administration, finance, economics, statistics, or another similar discipline. Many business analysts also have a background in IT jobs or software development roles.

Industry-recognized certification can enhance career opportunities. The International Institute of Business Analysis (IIBA) awards several certifications to candidates who pass an exam and demonstrate a work history that meets criteria.

  • Entry Certificate in Business Analysis (ECBA)
  • Certification of Competency in Business Analysis (CCBA)
  • Certified Business Analysis Professional (CBAP)
  • Certificate in Cybersecurity Analysis (IIBA-CCA)
  • Agile Analysis Certification (IIBA-AAC)
  • Certification in Business Data Analytics (IIBA-CBDA)

Business Analyst Salary and Job Outlook

Glassdoor reports the national average salary for a business analyst as $68,346. Note, though, that this figure can differ substantially based on specific duties and experience. A senior IT business analyst, for instance, makes an average salary of over $90,000.

Similarly, employment projections vary by role, with the U.S. Bureau of Labor Statistics showing growth of 7% to 27% between 2016 and 2026. As an example, demand for management analysts—one of the most common titles within the general field of business analysis—is expected to increase 14% as companies put a greater emphasis on cost-cutting and efficiency.

Your Career as a Business Analyst

Since so many organizations can benefit from the services of a business analyst, job opportunities exist at both for-profit and nonprofit companies as well as with the government. Newcomers often begin as junior analysts and progress into specialized roles or take on larger, more complex projects.

And, if you’re looking for business analyst jobs, we can help! FlexJobs offers flexible jobs in more than 50 different career fields!

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Business Analyst Average Salary in Indonesia 2021

How much money does a Business Analyst make in Indonesia?


Average Monthly Salary

15,500,000IDR

( 186,000,000 IDR yearly)


LOW
8,350,000
IDRAVERAGE
15,500,000
IDRHIGH
23,400,000
IDR

A person working as a Business Analyst in Indonesia typically earns around 15,500,000 IDR per month. Salaries range from 8,350,000 IDR (lowest) to 23,400,000 IDR (highest).

This is the average monthly salary including housing, transport, and other benefits. Business Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Business Analyst Salary Distribution in Indonesia

Median and salary distribution monthly Indonesia Business Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Analyst salaries in Indonesia range from 8,350,000 IDR per month (minimum salary) to 23,400,000 IDR per month (maximum salary).

  • Median Salary

    The median salary is 14,200,000 IDR per month, which means that half (50%) of people working as Business Analyst(s) are earning less than 14,200,000 IDR while the other half are earning more than 14,200,000 IDR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Business Analyst(s) are earning less than 10,200,000 IDR while 75% of them are earning more than 10,200,000 IDR. Also from the diagram, 75% of Business Analyst(s) are earning less than 17,300,000 IDR while 25% are earning more than 17,300,000 IDR.


What is the difference between the median and the average salary?

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

Business Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Indonesia Business Analyst
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Business Analyst salaries by experience level and this is what we found.

A Business Analyst with less than two years of experience makes approximately 9,700,000 IDR per month.

While someone with an experience level between two and five years is expected to earn 12,300,000 IDR per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 16,200,000 IDR per month, 32% more 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 years* experience mark. ”

Additionally, Business Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 19,000,000 IDR per month, 18% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 21,000,000 IDR per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 22,400,000 IDR per month, 6% more than people with fifteen to twenty years of experience.


Business Analyst average salary change by experience in Indonesia

0 - 2 Years

9,700,000 IDR

2 - 5 Years+26%

12,300,000 IDR

5 - 10 Years+32%

16,200,000 IDR

10 - 15 Years+18%

19,000,000 IDR

15 - 20 Years+11%

21,000,000 IDR

20+ Years+6%

22,400,000 IDR

Percentage increase and decrease are relative to the previous value


Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Business Analyst Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Business Analyst(s) who have the same experience but different education levels.

Salary comparison by education level monthly Indonesia Business Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Business Analyst salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Business Analyst is 11,800,000 IDR per month.

While someone with a Certificate or Diploma gets a salary of 13,300,000 IDR per month, 13% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 17,500,000 IDR per month, 32% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 21,700,000 IDR per month, 24% more than someone with Bachelor's Degree.


Business Analyst average salary difference by education level in Indonesia

High School

11,800,000 IDR

Certificate or Diploma+13%

13,300,000 IDR

Bachelor's Degree+32%

17,500,000 IDR

Master's Degree+24%

21,700,000 IDR

Percentage increase and decrease are relative to the previous value


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Indonesia costs anywhere from 60,700,000 Rupiah(s) to 182,000,000 Rupiah(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Business Analyst Salary Comparison By Gender

Salary comparison by gender monthly Indonesia Business Analyst
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Business Analyst employees in Indonesia earn 8% more than their female counterparts on average.

Male

16,000,000 IDR

Female-7%

14,800,000 IDR

Percentage increase and decrease are relative to the previous value


Salary Comparison By Gender in Indonesia for all Careers

Salary comparison by gender monthly Indonesia
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Business Analyst Average Annual Salary Increment Percentage in Indonesia

How much are annual salary increments in Indonesia for Business Analyst(s)? How often do employees get salary raises?

Business Analyst

Business Analyst(s) in Indonesia are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Indonesia Business Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Indonesia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

“The average salary increase in one year (12 months) in Indonesia is 5%.”

Annual Increment Rate By Industry 2020

Banking

2%

Energy

4%

Information Technology

6%

Healthcare

8%

Travel

1%

Construction

3%

Education

5%

Listed above are the average annual increase rates for each industry in Indonesia for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Business Analyst Bonus and Incentive Rates in Indonesia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Indonesia Business Analyst
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A Business Analyst is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

24% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 76% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus

76%

No Bonus

24%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Business Analyst Average Hourly Wage in Indonesia


89,300IDR per hour

The average hourly wage (pay per hour) in Indonesia is 89,300 IDR. This means that the average Business Analyst in Indonesia earns approximately 89,300 IDR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )


The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Business Analyst VS Other Jobs

Salary Comparison Between Business Analyst and Business Planning monthly Indonesia
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The average salary for Business Analyst is 20% more than that of Business Planning. Also, Business Planning salaries are 6% more than those of All Jobs.

Salary comparison with similar jobs

Assistant Business Development Manager16,600,000 IDR+7%
Assistant Merchandise Planner9,430,000 IDR-39%
Business Advisor15,600,000 IDR+1%
Business Analyst15,500,000 IDR+0%
Business Consultant15,100,000 IDR-2%
Business Continuity Associate9,540,000 IDR-38%
Business Development Associate8,260,000 IDR-47%
Business Development Coordinator8,640,000 IDR-44%
Business Development Manager19,900,000 IDR+29%
Business Development Specialist15,300,000 IDR-1%
Business Operations Specialist14,300,000 IDR-8%
Business Process Writer8,990,000 IDR-42%
Capacity Planner10,800,000 IDR-30%
Capacity Planning Supervisor14,500,000 IDR-6%
Change Communications Analyst14,700,000 IDR-5%
Change Control Analyst15,000,000 IDR-3%
Contracts Executive14,900,000 IDR-4%
Corporate Strategy Analyst15,700,000 IDR+1%
Cost Control Engineer10,100,000 IDR-35%
Cost Estimator10,200,000 IDR-34%
Data Executive8,550,000 IDR-45%
Development Researcher12,200,000 IDR-21%
Due Diligence Analyst17,300,000 IDR+12%
Estimating Manager16,700,000 IDR+8%
General Manager18,100,000 IDR+17%
Incident Handler10,600,000 IDR-31%
Incident Specialist13,100,000 IDR-15%
Lean Consultant11,300,000 IDR-27%
Manager21,100,000 IDR+36%
Materials Planner6,750,000 IDR-56%
Merchandise Controller6,420,000 IDR-59%
Merchandise Planner6,760,000 IDR-56%
Operations Analyst13,700,000 IDR-11%
Operations Research Analyst9,620,000 IDR-38%
Planning and Reporting Manager16,700,000 IDR+8%
Planning Director20,200,000 IDR+31%
Project Administrator9,610,000 IDR-38%
Project Manager16,000,000 IDR+3%
Project Planner9,790,000 IDR-37%
Research Assistant8,480,000 IDR-45%
Research Engineer9,580,000 IDR-38%
Research Officer7,470,000 IDR-52%
Risk Management Specialist15,000,000 IDR-3%
Scholarship Coordinator8,160,000 IDR-47%
Store Planner7,800,000 IDR-50%
Strategy Director21,200,000 IDR+37%
Top Research and Development Executive22,800,000 IDR+47%

Salary Comparison By City

Bandung17,200,000 IDR
Jakarta16,800,000 IDR
Makasar14,400,000 IDR
Malang15,500,000 IDR
Medan15,700,000 IDR
Palembang15,600,000 IDR
Semarang15,800,000 IDR
Surabaya17,000,000 IDR
Surakarta14,600,000 IDR
Tangerang15,800,000 IDR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Indonesia earn 9% more than their private sector counterparts on average across all sectors.

Private Sector

11,600,000 IDR

Public Sector+9%

12,600,000 IDR

Percentage increase and decrease are relative to the previous value

Sours: http://www.salaryexplorer.com/salary-survey.php?loc=101&loctype=1&job=131&jobtype=3

Average Business Analyst, IT Salary in Indonesia

Rp 114,000,000
Avg. Base Salary (IDR)

The average salary for a Business Analyst, IT is Rp 114,000,000

Rp 6m - Rp 444m

EXPLORE BY:

What Do Business Analyst, ITS Do?

A business analyst, IT, focuses on improving operations that involve information technology within a company. The business analyst offers consultation to management in an effort to help the company become more effective. The IT business analyst will analyze the hardware, software, and IT services that are being employed in a company. Analyses will have to be carried out in order to determine areas that need improvement. It is also important to have strong research skills in order to determine …Read more

Gender Breakdown

This data is based on 7 survey responses. Learn more about the gender pay gap.

Common Health Benefits

Sours: https://www.payscale.com/research/ID/Job=Business_Analyst%2C_IT/Salary

Salary business analyst

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Business Analyst Salary (2021) - South Africa

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