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Around 40,000 euros upwards: Business analysts can earn an interesting salary when they start their career. Depending on the degree, level of experience and management level, the annual salary of a business analyst can also be around 100,000 euros. You can find out which other factors are decisive for the salary of a business analyst in our article.
And best of all: thanks to Education voucher you can even get further training free of charge under certain conditions.
How much does a Business Analyst earn?
As in many other professions, the range of gross salaries as a business analyst is wide: while trainees often earn less than 40,000 euros a year, career starters earn 45,000 to 55,000 euros a year gross or more in Germany.
As a manager with ten years' experience or more, on the other hand, you can earn an annual salary of around 100,000 euros - so it's worth sticking with it. However, there are many factors that influence your salary as a business analyst:
How much salary does a Business Analyst receive when they start their career?
Important during the interview: put your cards on the table! Surely you already have some experience or proof of experience in the areas of business, IT, analysis and handling data. Maybe even a certificate of further training? The actual starting salary depends on several factors:
- Your degree & previous experience
- The sector in which you are applying
- The size of the company you are applying to
- The federal state in which the company is based
Why did we formulate the last point in this way? Companies often pay according to the usual regional salaries - as a business analyst, however, it is often possible for you to work remotely and only occasionally be on site in the company office. You can find out how strong this influence is further down in the article.
And this is how the various factors affect your starting salary:
1. conclusion & experience
A university degree is a strong factor and can make a difference of several thousand euros - but your previous experience also plays a role here. You can find out more about this under the heading "From junior to senior: how does the salary of a business analyst develop?"
Further training also plays a major role, for example from StackFuel. What's special here: Dedicated mentors discuss real-life business cases and you can easily complete your final certificate online and on your mobile at 100%. At the end of the article, you can find out which further training is ideal for your job role as a business analyst.
2. sector of the employer
Your starting salary will vary considerably depending on the industry. While annual salaries of around 46,000 euros are more common in retail, in the automotive industry it can be a gross salary of 56,000 euros. The difference between the sectors can therefore quickly amount to a difference of 10,000 euros more or less.
Nevertheless, you should not only make your choice of industry based on financial aspects, but also on whether you, as a career changer, already have industry-specific knowledge and thus bring further added value to your future employer - and perhaps also enjoy the work more yourself.
3. company size
The size and establishment of your potential employer has a major influence on your salary. Start-ups often pay less than large corporations - but in small teams you can often help shape many things and are more challenged.
It is also possible to differentiate according to the number of employees, whereby companies with fewer than 500 employees tend to pay less than large corporations with over 1,000 employees. The difference in how much you earn lies less in the maximum salary than in the starting salary.
| Company size by number of employees | Salary range (gross/year) | Average salary (gross/year) |
| 1-500 | 28,800 to 73,200 euros | 43,000 euros |
| 500-1.000 | 38,400 to 73,200 euros | 51,000 euros |
| 1,000 and more | 39,600 to 80,400 euros | 63,000 euros |
Would you like to find out more about the day-to-day work of a business analyst? We have presented the tasks of a business analyst in detail on our blog.
From Junior to Senior Business Analyst: How does salary develop with professional experience?
As in most professions, the salary increases with experience: while a career starter can look forward to a gross annual salary of 50,000 euros, a junior business analyst earns up to 60,000 euros and a senior business analyst with more than six years of professional experience can expect a gross salary of up to 80,000 euros.
In addition to professional experience, it also plays a role whether you take on responsibility for a team as a manager. In this case, the gross salary range increases again significantly between around 70,000 and up to 95,000 euros.
Is there a difference in salary between IT Business Analyst and Business Analyst?
The profession of business analyst has several specializations. An IT business analyst, for example, focuses more on the technical side of things, examining how software is used or whether infrastructure is performing cost-effectively. The IT business analyst often has more IT know-how, while a business analyst contributes more business experience.
Other specializations such as Business Data Analyst or Business Process Analyst are often found in business analysis teams where responsibilities need to be divided up. For example, the data analyst focuses more on handling and processing the available data, while the process analyst tends to look at the processes and interfaces between people and machines. However, these job roles often do not take on management responsibility, but are rather the specialists in the team.
For example, data analysts receive a similar international average salary to business analysts (both between 61,000 and 62,000 dollars). By comparison, marketing analysts, for example, receive around 5,000 dollars less per year.
With the further training courses at StackFuel, such as the Business Intelligence Analyst you will create the ideal foundation for your job as a business analyst and other similar job roles. And best of all: the digital certification is eligible for funding with the 100% education voucher!
Germany comparison: How do salaries differ by region?
Germany is a federal state: salaries vary greatly depending on the federal state. While starting salaries in the new federal states are often below 45,000 euros, in Bavaria, Hamburg or Hesse they can be well over 50,000 euros gross. One important reason for this is the cost of living, which varies from region to region and can also differ again between urban and rural areas. As a general rule, the decisive factor is not your place of residence or registration, but the employer's location within Germany.
As with our 100% digital training courses at StackFuel.com, it often doesn't matter where you are in your job as a business analyst: the main thing is that you have access to the most important data and processes and can coordinate with your colleagues.
There is also a wide range of salaries in the major cities: Munich leads with a salary range of EUR 55,000 to EUR 75,000 for a Business Analyst with professional experience; Leipzig brings up the rear with EUR 43,000 to EUR 61,000 gross.
So you have a wide choice: On Stepstone alone there are currently over 900 job offers as Business Analyst advertised (as of March 2024).
By the way: In an international comparison, Germany is in the midfield in terms of salary. The starting salary for business analysts in the USA is between 41,000 and 57,000 dollars, while a senior business analyst can earn between 71,000 and 97,000 dollars a year.
Conclusion: This is how the salary of a business analyst is structured
- The range for a Business Analyst is between 40,000 and 100,000 euros gross annual salary
- Many factors influence the salary, e.g. your previous experience, your employer's industry and the size of the company
- Through further training, you have the opportunity to start or advance your career as a Business Analyst yourself
In many federal states, the salary of a business analyst starts at around 40,000 euros per year, which corresponds to a gross salary of over 3,000 euros per month. However, depending on professional experience, management responsibility and location, the salary can also reach around 100,000 euros per year, which means around 8,300 euros per month.
Your salary therefore depends on many factors: You can do something about some of them directly, for example by studying and doing further training with StackFuel or another provider. For example, you will receive Qualification as a Business Intelligence Analyst The basics for SQL and thus for understanding databases, get to know the Microsoft Power BI software in depth and learn how to visualize data and tell stories with it. And the best thing is: starting your job as a business analyst doesn't have to cost you anything thanks to the education voucher.
Other factors are influenced by your choice of employer: the larger the company, the higher the salary. Further training as a business analyst can therefore be worthwhile: A good starting salary after graduation can be the beginning of an exciting and varied career that also has a high financial incentive. Simply start your journey now with further training from StackFuel.com - with our completion rate of 91%, you're doing everything right!
Transparency note: All figures are rounded median values and are paid by around 50 percent of employers. Lower and higher salaries can always be paid in reality, we always recommend that you have a specific salary discussion with your future employer.
Sources
Stepstone (2024) "Business Analyst job advertisements“ [19.04.2024]
Stepstone (2024) "Business Analyst Salaries in Germany“ [19.04.2024]
GetinIT (2024) "What does a Business Analyst earn“ [19.04.2024]
Campus hunters (2024) "Business Analyst: Salary and influencing factors“ [19.04.2024]
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