Business Analyst Salary London – How Much Do Senior Analyst’s Earn?

What is the average business analyst salary in London? 

An individual employed as a Business Analyst in London can expect to earn around 91,300 GBP per year. Salary ranges from 44,700 GBP (the lowest) to 142,000 GBP (the highest) (highest).

This is the average annual pay, which includes housing, transportation, and other amenities, as well as additional compensation. Business Analyst wages might vary significantly depending on years of experience, abilities, gender, and geographic region.

You will discover a full analysis based on a variety of various factors affecting the average business analyst salary are listed below.

Business Analyst Salary Distribution in London 

Salary and Benefits

Salaries for Business Analysts in London vary from 44,700 GBP per year (the lowest pay) to 142,000 GBP per year (the highest compensation) (maximum salary).

Salary on the Median Scale

In London, the median annual pay for Business Analysts is 93,100 GBP, which indicates that half (50 per cent) of those employed as Business Analysts make less than 93,100 GBP. In comparison, the other half earn more than 93,100 GBP each year. It is the compensation that lies in the middle of a pay range that is known as the median salary value.

Percentiles

According to the pay distribution map, 25% of Business Analysts (s) make less than 62,000 GBP, with the remaining 75% earning more than 62,000 GBP each year. Additionally, according to the graphic, 75 per cent of Business Analysts make less than 120,000 GBP, with 25 per cent earning more than 120,000 GBP every year.

What is the difference between the median income and the average pay in terms of earnings?

Both of these are indications. If your wage is more than both the national average and the national median, you are doing really well in life. If your pay is lower than both, it is likely that many individuals make more than you, and there is plenty of space for growth in your position. In the case of pay that falls between the average and the median, things might become a little complex. 

Business Analyst Salary In London Comparison by Years of Experience

An essential component in deciding compensation is the employee’s amount of experience. So we looked into Business Analyst salaries by experience level and came up with the following results.

To go up the career ladder, someone with between five and ten years of experience earns 94,000 GBP a year, which is 38% more than someone with just two to five years of experience in the same role.

It is projected that a person with between fifteen and twenty years of experience would earn 125,000 GBP per year, which is 7 per cent higher than someone with between 10 and fifteen years of expertise.

Final point: workers with more than twenty years of work experience get pay of 133,000 GBP per year, which is 7% more than the wage received by employees with fifteen to twenty years of professional experience. 

Business Analyst Salary In London Comparison By Education

Everybody knows that a higher-quality education leads to a higher salary, but how many of us are aware of how much more money a degree can bring in on its own? In order to create a comparison, we split down Business Analyst salaries by educational level and experience.

The average income of a Business Analyst is 66,200 GBP per year for those with a High School diploma or equivalent education.

Despite the fact that someone with a Certificate or Diploma earns 76,000 GBP a year, this is just 15% more than those with a High School diploma or equivalent.

A Bachelor’s Degree earns its bearer an average income of 102,000 GBP per year, which is 35% more than someone with a Certificate or Diploma in the same field.

Masters-level professionals earn an average income of 129,000 GBP a year, which is 26 per cent higher than those with a Bachelor’s degree. 

Business Analyst Salary In London Comparison By Gender

So, in this particular circumstance, who probably got paid more: men or women? For example, average salaries for business analysts in London are 4 per cent more than those earned by women in the same position. 

Salary Comparison Between the Public and Private Sectors

Working for a private corporation or for the government, which is more lucrative, is the question. Employees in the public sector in London earn, on average, 4 per cent more than their private-sector colleagues across all industries in the country.

Wrapping Up 

Working as a business analyst in London, you can earn $81,896 per year, potentially earning up to $141,590 per year if you obtain the necessary credentials and work experience. Furthermore, numerous other factors influence the compensation of business analysis experts.

These factors include the region of residence, qualification, skills and so on. So keep going along the road of learning and acquiring the necessary abilities in the relevant sector; this is what will help you to navigate the ship of success.