Data analytics is a trending domain, and the demand for professionals who can do it proficiently is rising each day. You can work to get the entry certificate in business analysis (ECBA) issued by the International Institute of Business Analysis (IIBA). This certification program aims to train you to become a hands-on expert in business analysis. Once you complete the course, you become eligible for the ECBA certified jobs that offer handsome salaries. Though the ECBA certification salary is promising, it varies with multiple factors.
Who is an ECBA?
ECBA stands for Entry Certificate in Business Analysis, which trains individuals and enhances their business analysis knowledge. It covers all the aspects of business analysis, essential tools and the skills that a professional must learn to be ready to work as a business analyst. You can join the teacher-led training programs provided by renowned educators. ECBA course will be an interesting option as it will help you gear up to become a highly-valued business analyst.
ECBA certification benefits are not limited to the excellent salary package. You can enjoy a secure career and even scale in your current job role. So, if you qualify for the ECBA certification requirements, you can take up the entry-level certification course and enjoy all the perks it offers.
According to the IIBA survey, more than 36% of professionals feel that the confidence they gain after these certification courses makes their professional journey smooth. So, if you are seeking a promotion, want to bring efficiency to work, or plan to get a salary hike, you can go for these certifications and look for ECBA certified jobs.
ECBA Certification Salary in 2023
As the current demand for business analysts is high, it goes without saying that the salary package is also higher than other job roles. You can expect an average salary of $68000 annually while working as a business analyst. However, the exact amount you withdraw depends on multiple factors.
Any company hiring you for business analysis would want you to be highly proficient at work. They often look for certifications you have completed, years of experience, and the kind of projects you have handled before. Any employer would hire a candidate more efficiently than the others in the competition. Other factors that directly impact the salary of a business analyst are location, industry, demand and the skill set of the professional.
ECBA Certification Salary: Based on Location
Location plays a crucial role in deciding the salary of an ECBA professional. If you find jobs in tier-1 cities, you can obviously get a higher salary package. However, the numbers are low in the small cities. Similarly, the salaries are high in countries where renowned industrial names have set up offices. Let us discuss how the ECBA certification salary varies with different locations.
India
India is known for its industry, and you can find business across every possible domain in different cities. Hence, the job opportunities for a business analyst are also enough. On average, a business analyst makes 6 LPA.
You can find a job with top employers and enjoy an excellent salary. Moreover, if your choice of city is also apt, it will be an added perk. For example, TCS in Pune can offer its business analyst up to 684K annually. However, HCL in Noida may only give 533K for the same job profile. Below is the table showing salaries of business analysts in different cities.
| City | Average Business Analyst Salary |
|---|
| Pune | INR 700K |
| Noida | INR 600K |
| Bangalore | INR 740K |
| Mumbai | INR 700K |
| Hyderabad | INR 680K |
The table below shows the salaries that different companies in India offer their business analysts:
| Employer | Average Business Analyst Salary |
|---|
| TCS | INR 648K |
| Computer Sciences Corporation | INR 603K |
| Capgemini | INR 703K |
| HCL | INR 533K |
| Wipro | INR 592K |
| Accenture | INR 605K |
| Cognizant | INR 723K |
US
The USA has renowned companies in different locations that offer excellent salary packages to business analysts. On average, these professionals earn $74000 yearly. However, these salaries depend on multiple factors.
The salary you get depends on the company or the industry you choose. However, it also depends on the city where you work. For example, the entry-level analyst salary in Virginia is an average of $85k per year. However, the remuneration for the same position in Houston is around $68k annually. The table below shows the average salaries for business analysts in different US cities:
UK
The average salary of a business analyst in the UK is 43k Euros. The beginners may get around 30k Euros, and with added experience, it can go up to 70k Euros. The salary you receive depends on various factors, but the average for a professional in this domain remains the same.
The most significant factor that decides your salary is the location. The picture below shows the top cities in the UK where you enjoy all the ECBA certification benefits by offering excellent job opportunities.
Australia
The average salary of an ECBA professional in Australia is 96,100 AUD. The lowest salary is 45,000 AUD. With experience and added expertise, it can go up to 152,000 AUD.
The primary factor you will have to consider if you wish to get the best salary package is the location you choose. Professionals working in Sydney and Brisbane get higher salary packages than those who choose to work in Gosford or Wollongong, for that matter. The table below shows the city-wise comparison of BA salaries in Australia.
Canada
The average ECBA salary in Canada is CA$ 64K. The starting salary of a professional can be around CA $49k, and it can go up to CA$ 89K with experience and added expertise.
The salaries and job opportunities for professionals in this domain are excellent. However, location plays an important role in deciding the amount you get. Professionals working in Calgary can expect to get CA$76000 per year. However, the amount for the same job role in Ottawa would be CA $60000 per year. The table below shows a clear comparison of the salaries in different Canadian cities.
Singapore
The average salary of an ECBA professional in Australia is 10,200 SGD monthly. The lowest salary is 4810 SGD per month, and with experience and added expertise, it can go upto16,200 SGD per month.
The location you choose to work in also impacts the average take-home salary. The professionals in Marina Bay get the highest offers, around 8,017 SGD per month, and those working in Greyland get the lowest figure, around 4700 SGD per month.
Factors Affecting ECBA Certified Salary
Now you know the salaries that ECBA professionals get in different cities across the globe. There are multiple other factors that directly impact the amount you get as an ECBA professional. Sometimes, professionals look for the experience level of a candidate. While other times, they emphasize the skill set. Also, when you go for Business Management classes you master the core terminologies and practices of business management, which will help you boost your salary figure.
Location
The country you choose to work in and the city you pick directly impacts the salary you take home. Countries that have renowned industry names are likely to offer higher salary packages. However, under-developed countries might not have the opportunities you expect. At the global level, USA, India and UK have excellent salary packages and promising job offers for ECBA professionals. The picture below shows the average salaries that business analysts withdraw in different countries.
Industry / Employer / Company
Another significant factor that decides the salary of an expert is the type of industry you choose to work in. IT is evolving and has massive opportunities for the ECBA professionals. However, next in the line is healthcare, manufacturing and FMCG. There is a place for a business analyst in every domain because everyone certainly wants to expand their business. The benefit of these domains is that they have more opportunities and higher salary packages.
Experience
Experience decides the salary in every domain. It stands true for the ECBA certified jobs. Beginners in this field may get a lower salary. However, the salary package will increase as the professional gets hands-on knowledge and has handled enough projects. As per the reports, the salary increase is more than 32% after getting more than two years of experience. Furthermore, the gap between the salary of a fresher and a senior ECBA professional is over 80%. The picture below gives a clear comparison of the salary difference with experience.
Demand and Supply
The value of a thing, person, or service increases as its demand multiplies. So, it goes without saying that the salaries that the ECBA professionals enjoy as because of the higher demand. Every business requires a professional who can constantly look into business insights and make plans to support business growth. With the market getting more competitive each day, it has become the need of the hour, and until this demand is high, the salaries of business analysts will keep rising.
Credentials / Certifications
Another factor that impacts the salary of a professional is the list of certifications he has listed in his resume. The certifications clearly indicate that the person is well-versed with the latest tools and techniques that add efficiency to their work. So, if you also want to fetch the best salary package from the market, check the ECBA certification requirements and enrol in it. Once you complete the certification program, your chances of getting an excellent job opportunity will increase exponentially. Some of the certifications that you can consider completing are:
Skills
Talking about skills, the professional should focus on personal and professional traits. Every company wants professionals who can take the business towards success and have good conduct in the workplace. So, the professional skills that you must focus on are:
- Business Intelligence
- Data Analytics
- Statistical Analytics
- Project Management
Similarly, on the personal front, you would have to handle the team and coordinate with different departments. Moreover, at the senior level, you will be directly in touch with the stakeholders. For this, you require excellent interpersonal skills. Some of the traits you would have to develop are:
- Communication
- Problem-Solving
- Decision Making
- Leadership
Other than this, any other skill you can develop would be an added advantage for your personal and professional growth.
Why is ECBA Certified Paid So Much?
After a professional gets ECBA certified, his salary increases exponentially. You might wonder what it is about this certification program that gives such remarkable monetary hikes. Well, it is proof that the professional holding the certification knows all the insights of the business analysis field and can help an organization grow. Additionally, the companies get an assurance that the person is dependable, and they wouldn’t have to worry about growth once they employ him.
The benefits are not only for the organization. The professionals also get their due benefits! He gets efficient at work and gains the confidence to handle any situation conveniently. Some of the collective ECBA certification benefits are:
- The productivity level increases as the company will have appropriate analysis to make quick decisions.
- Profitability improves as the company has all the details about what went wrong and when and can take timely actions to amend it.
- Talking about personal growth, the professionals get efficient at their work and are capable of performing fruitful analysis.
- The salary packages and the hike in position become easy, as a certified professional will always get preference over others.
Conclusion
In the end, it is fair to say that ECBA certifications are a way to achieve professional goals. A person completing this certification is entitled to fetch excellent salary packages and enjoy a secure career ahead. At the same time, organizations can benefit from these professionals as they can help achieve business success targets. Hence, if you are already working in this domain or plan to pursue a career, you should enroll in KnowledgeHut ECBA course and gear up to become a highly-valued business analyst managing change for the organization.
