Posted by Robert Half Technology on Thursday, March 3, 2016 - 04:00 | Follow me
The rise of data-driven decision making has spurred demand for the business analyst in many organizations.
Much like project management before it, the role of business analyst is transforming from a subset of more encompassing resource management positions to a full-time job all on its own. Straddling business development and IT, the business analyst is a linchpin of a new approach to resource planning and management. Both experienced and budding business analysts can expect increases in starting salary levels and other positive changes to compensation as their role grows and gains more visibility in the enterprise.
Here's a look at some of the top trends in business analyst salaries:
CRM business analysts to see salary increases
With customer relationship management (CRM) playing a vital part in predictive analysis-driven marketing and service efforts, it's not surprising that a CRM business analyst can expect to earn more this year. According to the Salary Guide, the average starting salary for a CRM business analyst ranges from $87,500 to $126,000 in the United States, a 6.1 percent increase over the previous year.
Use these tips to put CRM software to work for you.
Enterprise resource planning (ERP) business analysts also earning more
Centralized management of supply chain and customer-facing efforts are driving the need for ERP experts. Robert Half Technology's Salary Guide reports that an ERP business analyst in the United States can expect to earn starting compensation between $98,000 and $140,750 this year, a 5.3 percent increase over last year.
Find out how to get your next ERP job.
Broader skill sets can help boost compensation
The integration of business and IT creates a potentially lucrative market for professionals whose skill set can blend technical and functional knowledge with analytical and problem-solving skills. It also means that as a business analyst, you can have a more central role in the development and use of the tools on which you rely. Below are examples of some in-demand skills that can help a business analyst earn a higher rate of starting compensation, according to the Salary Guide:
- Business objects skills: Many companies are looking for data crunchers who can help turn growing volumes of raw data into actionable intelligence for decision making. If you're a business analyst with this skill set on your resume, you could increase your starting salary by up to 6 percent.
- SharePoint: This widely adopted application platform is also chronically underutilized in many organizations. With SharePoint expertise, you could garner a 9 percent boost in starting compensation as a business analyst.
- Programming languages: With custom software development playing a larger role in many organizations, adding a programming language to your skill set as a business analyst can't hurt. Popular (and potentially lucrative) ones include C#, Java and .NET, all of which can bump up your starting salary by 8 to 9 percent.
It's a good time to be a business analyst, as new positions and software planning investments mean that you have more options available. Adding some extra skills to your resume can boost your candidacy, as well as your starting business analyst salary, even further.
For more information about a business analyst salary, as well as some tips about increasing your earning potential or current compensation, check out the Salary Guide.
- Here's What Skills You Need to Be an IT Business Analyst
- 3 Tips for Writing a Successful Business Analyst Resume
Note: This post has been updated. It originally appeared on 6/3/14.