Maximize Value: Top Countries for Cost-Effective Business Analyst Salaries
HR professionals and hiring managers need to have access to comprehensive salary data for making informed hiring decisions. Our Global Salary Calculator provides detailed insights into the earning potential of business analysts across 13 different countries. This tool is invaluable for understanding international salary benchmarks and ensuring competitive compensation packages.
Below is an overview of business analyst salaries, presented in both United States Dollars (USD) and Euros (EUR). This information will help you navigate the global job market and make strategic decisions when onboarding and hiring business analysts.
Business Analyst Salaries Across the World
Business Analyst salary in Australia
Lowest Rate: 38,498 dollars; 35,847 euros per year
Median Rate: 52,552 dollars; 48,934 euros per year
Highest Rate: 73,676 dollars; 68,603 euros per year
Business Analyst salary in Austria
Lowest Rate: 36,514 dollars; 34,000 euros year
Median Rate: 57,405 dollars; 53,452 euros per year
Highest Rate: 65,511 dollars; 61,000 euros per year
Business Analyst salary in Belgium
Lowest Rate: 30,071 dollars; 28,000 euros per year
Median Rate: 45,403 dollars; 42,277 euros per year
Highest Rate: 63,363 dollars; 59,000 euros per year
Business Analyst salary in Canada
Lowest Rate: 35,656 dollars; 33,201 euros per year
Median Rate: 46,343 dollars; 43,152 euros per year
Highest Rate: 60,397 dollars; 56,238 euros per year
Business Analyst salary in China
Lowest Rate: 25,646 dollars; 23,880 euros per year
Median Rate: 41,364 dollars; 38,516 euros per year
Highest Rate: 58,186 dollars; 54,180 euros per year
Business Analyst salary in Germany
Lowest Rate: 41,884 dollars; 39,000 per year
Median Rate: 55,985 dollars; 52,130 euros per year
Highest Rate: 74,102 dollars; 69,00 euros per year
Business Analyst salary in India
Lowest Rate: 3,567 dollars; 3,321 euros per year
Median Rate 7,339 dollars; 6,834 euros per year
Highest Rate: 11,969 dollars; 11,145 euros per year
Business Analyst salary in Ireland
Lowest Rate: 30,071 dollars; 28,000 euros per year
Median Rate: 42,056 dollars; 39,160 euros per year
Highest Rate: 54,771 dollars; 51,000 euros per year
Business Analyst salary in New Zealand
Lowest Rate: 34,565 dollars; 32,185 euros per year
Median Rate: 47,463 dollars; 44,195 euros per year
Highest Rate: 60,488 dollars; 56,323 euros per year
Business Analyst salary in Spain
Lowest Rate: 21,479 dollars; 20,000 euros per year
Median Rate: 34,366 dollars; 32,000 euros per year
Highest Rate: 44,032 dollars; 41,000 euros per year
Business Analyst salary in Switzerland
Lowest Rate: 33,557 dollars; 31,246 euros per year
Median Rate: 89,938 dollars; 83,745 euros per year
Highest Rate: 115,213 dollars; 107,280 euros per year
Business Analyst salary in United Kingdom
Lowest Rate: 31,911 dollars; 29,714 euros per year
Median Rate: 44,007 dollars; 40,977 euros per year
Highest Rate: 63,823 dollars; 59,428 euros per year
Business Analyst salary in United States
Lowest Rate: 51,000 dollars; 62,485 47,488 per year
Median Rate: 67,383 dollars; 62,743 euros per year
Highest Rate: 89,000 dollars; 82,872 euros per year
Utilise our Global Salary Calculator to explore more detailed salary data and ensure you are offering competitive compensation to attract and retain top business analyst talent.
Understanding these salary benchmarks allows HR managers to strategically position their offers and remain competitive in the global market. By considering these insights, you can better plan your hiring strategies and ensure your organisation attracts the best talent in the field of business analysis.
Cost-Effective Countries for Hiring Business Analysts
As HR managers, it is essential to find the right balance between attracting top talent and managing costs. Here are some countries where you can hire budget-friendly yet highly skilled business analysts:
India: India has the lowest salary rates for business analysts as highlighted by our Salary Calculator insights, making it highly cost-effective for businesses looking to optimise their budgets. In addition, India has strong IT infrastructure which help support various businesses on a global scale.
China: China has relatively low salary rates for business analysts compared to other countries within the global majority. China also has one of the largest workforces in the world and is a global manufacturing hub in terms of technology and manufacturing.
Spain: Spain offers lower salary rates for business analysts compared to many Western European countries, providing a cost advantage. Spain’s strategic location provides access to European and Latin American markets, offering diverse business opportunities.
By utilising the advantages offered by India, China, and Spain, companies can strategically enhance their business analysis capabilities while optimising costs and tapping into diverse and skilled talent pools.