Introduction
Technology is in vast demand in the world today, so a technical business analyst is also needed by organizations to help them implement new technologies and to evaluate the effectiveness of such technology implemented. This article focuses on the salaries of technical business analyst. The salaries of a technical business analyst vary with states and experience level. The average salary is $93,327. Some factors that can influence salaries are educational level, experiences and skills, and certifications.
Salaries for a technical business analyst
In the United States, a technical business analyst receives an average base salary of $93,327 and about $45 per hour. They can be paid a higher or lower salary depending on the location and size of the company where they work, years of experience, and level of education. For example, States like California, New Jersey, and Washington are recorded to be among the top paying states for technical business analysts.
What is the work of a technical business analyst?
A technical business analyst is an individual who provides technical expertise and analysis for a business or organization. It requires a bachelor’s degree in a field related to Business, Finance, or IT and requires vital skill and experience in that field.
- A technical business analyst has a duty of accessing and analyzing the IT capabilities of an organization and suggesting solutions that will improve the computer system of such organizations.
- They also provide technical assistance that can improve the computer systems of such organizations.
- They provide technical assistance that can improve the capacities of a business.
- They can also oversee projects after proferring a solution. This is to ensure that such a project aligns with their suggestions.
- A technical business analyst researches to identify important trends in technology industries and even products.
- A technical business analyst evaluates data security risks by testing procedures for data security and even developing risk assessment plans.
- They work to create business models that can stimulate a complex scenario so organizations can predict customer behavior on their performance and also notice the market changes.
Skills of a technical business analyst
Specific skills are expected of technical business analysts.
- A technical business analyst is an analytical, critical, and logical thinker. Analyzing businesses can be a difficult job, but a technical business analyst who is skilled in this area understands the issues, analyzes them, and resolves them.
- A technical business analyst is a problem solver. They study a problem, analyze various options and suggest the best choice when an organization comes to them with an issue that needs to be solved. They must be able to proffer technically viable solutions.
- They exhibit technical skills that show their knowledge in a particular field. One of such is having extensive knowledge of software procedures and processes.
- They are also efficient and effective communicators. Since they will be communicating with various people, a technical business analyst should be able to convey information to others that they can understand easily.
- It is also important to have a thorough and intense understanding of the models of the company they are working with using the SWOT analysis. That is, recognizing the company business’s weaknesses and strengths to make suggestions to improve on those weaknesses.
Salaries for technical business analysts in different states
The salaries of a technical business analyst differ in various states. Some States pay higher than the national average, and others pay lower than the national average, depending on whether it is a large city.
- California: A technical business analyst receives the most pay in California, with an average salary of $110,912 per year, hourly pay of $50 per hour, and cash bonuses of about $2000 available yearly.
- Nevada: A technical business analyst in Nevada receives an average base salary of about $49,785 annually, which is below the national average.
- New York: A technical business analyst in New York is paid an average base salary of $109,545 annually, with other cash bonuses made available every year.
- Texas: A technical business analyst is paid an annual average salary of $96,921 alongside other cash bonuses made available yearly.
- New Jersey: A technical business analyst receives an average base salary of $100,193 manually with other cash bonuses.
- Florida: A technical business analyst in Florida receives an average annual salary of y about $88,038, with other cash bonuses made available to them every year.
- Georgia: A technical business analyst receives an average base salary of about $100,451 in Georgia alongside other cash bonuses.
- Delaware: A technical business analyst in Delaware receives an annual average base salary of $104,926 alongside other cash bonuses, which are made available to them yearly.
- Rhode Island: In Rhode Island, a technical business analyst receives an annual average base salary of $65,989 alongside other cash bonuses manually. The salary is below the national average.
- Ohio: A technical business analyst in Ohio receives an annual average salary of about $84,028 alongside other cash bonuses.
Maximum and minimum earnings of a technical business analyst
As earlier stated, a technical business analyst receives higher or lower depending on the organization’s size and location, experience, and educational level.
The lowest salary for a technical business analyst is $61,164 annually, and the maximum average annual salary for a technical business analyst is $117,501.
Conclusion
The job of a technical business analyst is in high demand, especially now that everything is becoming digital. Businesses need these specialist individuals to provide a technical analysis of their business and primer solutions in a way that they can meet the needs of a targeted audience.
Frequently asked questions
- How can one become a successful technical business analyst?
Answer: To become a successful technical business analyst, an individual needs to be a strong analytical and critical thinker, a good communicator, and have good problem-solving skills.
- Where does a technical business analyst come in?
Answer: A technical business analyst is needed by organizations to help them understand and use new technologies for business effectiveness.
- Are technical business analyst salaries enticing enough?
Answer: The salaries of a technical business analyst is enticing, as they were well paid. Those who work with big finance and tech companies receive considerably more than the basic salary.
- What sector does a technical business analyst get exposed to higher pay?
Answer: Technical business analysts that work with large tech or finance companies are more highly paid even above the basic salaries.
