International Institute of Business Analysis Salary Survey Report

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International Institute of Business Analysis
Salary Survey Report
December 15, 2013
Introduction
International Institute of Business Analysis (IIBA) is the independent, nonprofit, professional
association serving the growing field of business analysis. As the global thought leader and
voice for the business analysis profession, IIBA® is dedicated to the development and
maintenance of standards for the practice of business analysis, and for the certification of
practitioners. Established in 2003, IIBA celebrated its 10 th anniversary this year, and has over
27,000 members in over 100 countries around the world.
The 2013 IIBA® Business Analysis (BA) Practitioners Salary Survey is the first salary survey for
the BA profession owned and maintained exclusively by International Institute of Business
Analysis (IIBA) for the benefit of BA practitioners. It is designed to gather information from all
classes of BA practitioners, regardless of experience level or employment arrangement.
IIBA® has participated in three salary surveys since 2009. This white paper presents the findings
of the 2013 survey and compares it to data presented in the 2010 BA Salary Survey Report
sponsored by ASPE-SDLC, Ravenflow, and IIBA. The 2010 BA Salary Survey Report showed
findings in the United States and the “Rest of the World” while the 2013 report will show
overall demographics and then specific information for the top seven responding countries
(United States, Canada, Australia, India, United Kingdom, New Zealand, and South Africa).
Some comparisons will be made to the 2010 BA Salary Survey Report but it should be noted
that the comparisons will not be exact based on the different approach for the 2013 results.
The information in this report is presented in two main sections: Demographics and Income
Analysis. The demographics are largely presented as all of the respondents with a few
breakdowns of the top seven responding countries. The Income Analysis section provides
conclusions for each of the top seven responding countries. All income analysis is presented in
US dollars. A conversion rate was used as of 10/21/13 for respondents who provided income in
a currency other than US dollars. Income analysis will not be provided for respondents outside
of those countries.
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Demographics
The 2013 survey went out to an international audience and responses were received from 62
countries. We received 2,111 responses and were able to analyze data from 2,085 completed
responses. Some entries were excluded for data integrity (e.g. salary information not included).
The graphics below describe the demographics of all 2,085 responses. Specific income analysis
will follow in subsequent sections of this report.
Figure 1: Income Survey Responses by Country
Just less than 50% of respondents were from the United States; the top countries remaining
were Canada (15.8%), Australia (8.6%), India (4.7%), the UK which includes England, Scotland
and Wales (4.4%), New Zealand (4.0%), and South Africa (3.5%).
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All countries included in the responses were:
Argentina
Armenia
Australia
Austria
Bangladesh
Belarus
Belgium
Brazil
Bulgaria
Canada
China
Colombia
Croatia
Denmark
Egypt
Fiji
France
Germany
Ghana
Gibraltar
Greece
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Hong Kong
India
Ireland
Italy
Jamaica
Japan
Kuwait
Latvia
Malaysia
Malta
Mauritius
Mexico
Moldova
Morocco
Netherlands
New Zealand
Nigeria
Norway
Pakistan
Papua New Guinea
Philippines
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Poland
Portugal
Puerto Rico
Qatar
Romania
Russia
Saudi Arabia
Singapore
Slovenia
South Africa
Sri Lanka
Sudan
Switzerland
Turkey
United Arab Emirates
United Kingdom
Ukraine
Uruguay
United States of America
Vietnam
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Figure 2: Age of Respondents (in Years)
Figure 2 shows the age of all respondents. Age range categories were provided in the survey so the
exact age of the respondents is unknown. However, most business analysis professionals are between
the ages of 36 and 45. More than 89% of all respondents were between the ages of 26 and 55. This
trend is consistent with the findings in the 2010 BA Salary Survey Report.
Figure 3: Gender of Respondents
IIBA & Selective Confidential
Figure 3 shows the gender of respondents. While the gender of respondents varies based on specific
country of residence, overall there is a slight majority of male respondents. The table below shows the
gender of respondents (in percentages) within the top seven countries.
Country
Australia
Canada
India
New Zealand
South Africa
United Kingdom
United States
Female
38.8%
47.7%
16.8%
51.8%
52.1%
31.5%
55.0%
Male
60.1%
51.1%
83.2%
48.2%
47.9%
68.5%
43.6%
Blank
1.1%
1.2%
0.0%
0.0%
0.0%
0.0%
1.4%
Table 1: Gender of Respondents by Country
It is interesting to note that in most countries where male is the majority gender the difference is
greater than that of the countries where female is the majority gender. Australia, India, and United
Kingdom have significantly more male respondents than female respondents (ranging from 22% to
67%). These findings are consistent with the 2010 BA Salary Survey Report.
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Figure 4: Education Attained
Figure 4 shows the level of education attained by respondents. A majority of respondents hold a
Bachelor of Arts/Bachelor of Science degree. This finding is consistent with the 2010 BA Salary Survey
Report. The table below shows the education attained (in percentages) within the top seven countries.
Country
Australia
Canada
India
New Zealand
South Africa
United Kingdom
United States
Associate
Degree/Some
College
High School
8.7%
3.6%
0.0%
18.1%
12.3%
15.2%
3.2%
14.8%
24.3%
1.1%
15.7%
26.0%
8.7%
11.7%
Bachelor of
Arts/
Bachelor of
Science
48.6%
54.7%
35.8%
53.0%
54.8%
50.0%
53.5%
Masters
Degree/MBA
26.8%
16.5%
62.1%
13.3%
6.8%
20.7%
30.3%
PhD
0.5%
0.6%
1.1%
0.0%
0.0%
5.4%
1.0%
Table 2: Education Attained by Country
In all of the top seven countries, except for India, the majority of respondents hold a Bachelor of
Arts/Bachelor of Science degree. In India, the majority of respondents hold a Masters Degree/MBA.
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Figure 5: Years of Experience
Years of experience varied across respondents in the survey. Figure 5 shows how many years of
experience the respondents reported (in percentages). Most people have worked between seven and
ten years but it was not a majority of respondents. As the figure shows, there is a fairly wide variety of
years worked.
Figure 6: Certificates and/or Certifications Held by Respondents
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Figure 6 shows the certificates and/or certifications held by the respondents. There were several
options available in the survey as well as an ‘Other’ category. More than half of respondents hold no
certificates and/or certifications. Respondents were able to select multiple certificates and/or
certifications. Of those that have at least one certificate and/or certification, many hold more than
one.
Table 3 shows the industries in which the respondents work. The most common industry was Finance
and Insurance with Information Technology the next most common industry. Those two industries
combined account for almost 50% of all respondents.
Industry
Aerospace
Agriculture and Primary Resources
Business/Professional Consulting Services
Communications and Publishing
Construction Industries
Consumer Products
Defense
Energy
Engineering
Finance and Insurance
Government and Public Sector
Healthcare and Social Services
Hospitality and Recreation Industries
Information Technology
Manufacturing Industries
Marketing and Sales
Non Profit Organizations
Pharmaceutical Industries
Training/Education
Transportation and Storage
Wholesale and Retail Trade
Did Not Provide Industry
Percentage of
Respondents
0.9%
0.7%
6.1%
0.9%
0.7%
1.0%
0.4%
4.2%
0.3%
30.3%
7.3%
6.6%
0.7%
19.5%
2.7%
0.5%
1.6%
1.7%
2.4%
1.7%
2.8%
7.1%
Table 3: Industry of Respondents
Some other interesting facts:



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The survey was sent to more than 50,000 business analysis professionals with approximately 54% of
those professionals being members of IIBA. Of the 2,085 respondents, 1,542 were IIBA members –
almost 74%.
More than 80% of respondents indicated that they work remotely at least part of the time.
Only 14% of respondents indicated that their employer expects more than 40 hours per week to earn
regular full-time pay.
Approximately 60% of respondents indicated an increase in salary during the 2012 calendar year.
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Income Analysis
The findings below will be reported for each of the top seven responding countries ordered from the
most respondents to the least respondents.
United States
Business analysis professionals reported an average salary of $91,512 in 2012 which is more than
double the average US salary (as reported by the Social Security Administration). Figure 7 shows the
percentage of respondents in various salary ranges.
Figure 7: Percentage of Respondents within Salary Ranges (US)
Years of Experience
There was a variety of years of experience within the respondents. More than 70% of respondents
have between four and fifteen years’ experience. Figure 8 shows the percentage of respondents in
each of the years of experience. Based on the survey responses, years of experience correlate directly
to average salary. Figure 9 shows the average salary increase based on years of experience.
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Figure 8: Percentage of Respondents with Years of Experience (US)
Figure 9: Average Salary per Years of Experience (US)
Age
Age seems to have a correlation to salary as well. While salary increases as age increases until 46-55
years old, it then begins to decrease for 55-65 years old and >65 years. Figure 10 shows this trend.
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Figure 10: Average Salary per Age Range (US)
Highest Level of Education Attained
Figure 11 shows that level of education correlates directly to average salary in the United States.
Having some college increases salary by almost 10%. There is little difference between some college
and a BA or BS degree. However, a Masters Degree/MBA increases the salary of respondents by
almost 10%.
Figure 11: Average Salary per Highest Level of Education Attained (US)
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Industry
Table 4 shows the percentage of US respondents within each industry. Consistent with the overall
demographics, Finance and Insurance and Information Technology make up almost 50% of all US
respondents. Average salary is also shown for each industry. Hospitality and Recreation Industries
show the lowest average salary while Communications and Publishing has the highest average salary.
Industry
Aerospace
Agriculture and Primary Resources
Business/Professional Consulting Services
Communications and Publishing
Construction Industries
Consumer Products
Defense
Energy
Engineering
Finance and Insurance
Government and Public Sector
Healthcare and Social Services
Hospitality and Recreation Industries
Information Technology
Manufacturing Industries
Marketing and Sales
Non Profit Organizations
Pharmaceutical Industries
Training/Education
Transportation and Storage
Wholesale and Retail Trade
Did Not Provide Industry
Average
Salary
$94,302
$91,444
$99,615
$109,288
$90,100
$83,088
$83,286
$103,097
$82,866
$90,068
$84,959
$84,290
$81,741
$95,468
$96,804
$82,236
$87,889
$104,069
$96,979
$89,823
$90,821
$90,596
Percentage of
Respondents
0.9%
0.8%
3.9%
1.2%
0.6%
1.3%
0.7%
2.9%
0.3%
30.4%
6.1%
9.9%
1.3%
14.6%
3.7%
0.8%
2.1%
2.9%
2.3%
2.0%
3.5%
8.0%
Table 4: Percentage of US Respondents within Each Industry
Gender Bias
Unfortunately, there has been little change to the results found in the 2010 Salary Survey. The average
salary of female respondents was almost 7% less than male respondents. As shown in Table 1, 55% of
the US respondents were female and 44% were male. We analyzed other factors including level of
education, years of experience, and age. While with specific respondents, there may be higher female
salaries than male salaries, on average male respondents continue to make higher salaries than female
respondents. One factor that will need to continue to be analyzed in future surveys is age of
respondents. With less than 2% of respondents in the ‘Less than 26 years’ category, the female
respondent average salary is 7% higher than that of male respondents. Given the small number of
respondents in the category, it may not prove to be significant but may indicate that the gender bias is
reducing or null with the most recent entrants into the profession.
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Gender bias was also found within specific industries as well. Considering industries with at least 50
respondents (Finance and Insurance, Government and Public Sector, Healthcare and Social Services,
and Information Technology), the survey showed that female respondents were a majority in those
industries except for Information Technology. In all the industries analyzed, male respondents earned
between 3% and 20% more than female respondents with Government and Public Sector being the
largest discrepancy. Table 5 shows the average salary per female, per male, and the percentage
difference within each of those industries. Note that the ‘average salary per female’ below in each of
the largest industries is less than the overall salary average for the BA in the United States.
Industry
Finance and Insurance
Government and Public Sector
Healthcare and Social Services
Information Technology
Average per
Female
$88,831
$76,235
$83,406
$89,558
Average per
Male
$91,321
$95,788
$86,162
$101,402
Percentage
2.7%
20.4%
3.2%
11.7%
Table 5: Average US Salary per Gender within Largest Industries
Some overall points of interest within the United States analysis:



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The average salary increased almost 10% from the 2010 survey from $82,493 to $91,512. This
was almost three times the cost of living increase (3.6%) in the same time period.
The percentage of male respondents increased from 40.8% in 2010 to 43.6% in this year’s
survey
More than 80% of respondents hold at least a Bachelor of Arts or Bachelor of Science degree
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Australia
Business analysis professionals reported an average salary of $111,949 in 2012 which is more than
thirty percent higher than the average Australian salary (according to the Australian Bureau of
Statistics). Figure 12 shows the percentage of respondents in various salary ranges.
Figure 12: Percentage of Respondents within Salary Ranges (Australia)
Years of Experience
There was a variety of years of experience within the respondents. Almost 70% of respondents have
between four and fifteen years’ experience. Figure 13 shows the percentage of respondents in each of
the years of experience. Based on the survey responses, years of experience correlate directly to
average salary (except for the small dip shown in the 11 – 15 years of experience). Figure 14 shows
the average salary increase based on years of experience.
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Figure 13: Percentage of Respondents with Years of Experience (Australia)
Figure 14: Average Salary per Years of Experience (Australia)
Age
Age seems to have a correlation to salary as well. As with the US respondents while salary increases as
age increases until 46-55 years old, it decreased for 55-65 years old. There was less than 1%
responding in the >65 years category so while the salary increased, it was only a small percentage of
respondents and may not be statistically relevant. Figure 15 shows this trend.
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Figure 15: Average Salary per Age Range (Australia)
Highest Level of Education Attained
Figure 16 shows that level of education does not correlate directly to average salary in Australia. While
there were a few outliers that increased the average salary within those that have a High School
diploma, there were several respondents that made more than the average salary with Some
College/Associates Degree. Based on our previous analysis, years of experience and age have stronger
correlations to higher salaries in Australia.
Figure 16: Average Salary per Highest Level of Education Attained (Australia)
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Industry
Table 6 shows the percentage of Australian respondents within each industry. Consistent with the
overall demographics, Finance and Insurance and Information Technology make up almost 50% of all
Australian respondents. Average salary is also shown for each industry. Transportation and Storage
show the lowest average salary while Hospitality and Recreation Industries has the highest average
salary.
Industry
Average Salary
Aerospace
Agriculture and Primary Resources
Business/Professional Consulting Services
Communications and Publishing
Construction Industries
Consumer Products
Defense
Energy
Engineering
Finance and Insurance
Government and Public Sector
Healthcare and Social Services
Hospitality and Recreation Industries
Information Technology
Manufacturing Industries
Marketing and Sales
Non Profit Organizations
Pharmaceutical Industries
Training/Education
Transportation and Storage
Wholesale and Retail Trade
Did Not Provide Industry
N/A
N/A
$124,602
$102,407
$127,816
$102,407
N/A
$134,807
N/A
$109,927
$120,114
$120,860
$133,323
$112,886
$93,522
N/A
$96,128
N/A
$85,854
$82,924
$116,899
$95,379
Percentage of
Respondents
0.0%
0.0%
7.1%
0.5%
1.1%
0.5%
0.0%
3.3%
0.0%
36.1%
13.1%
2.7%
0.5%
19.7%
1.6%
0.0%
1.1%
0.0%
3.3%
1.6%
2.2%
5.5%
Table 6: Percentage of Australian Respondents within Each Industry
Gender Bias
As shown in Table 1, 39% of the Australian respondents were female and 60% were male. The average
salary of female respondents was 8% less than that of male respondents. We analyzed other factors
including level of education, years of experience, and age. While with specific respondents, there may
be higher female salaries than male salaries, on average male respondents continue to make higher
salaries than female respondents.
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Canada
Business analysis professionals reported an average salary of $88,985 in 2012. Figure 17 shows the
percentage of respondents in various salary ranges.
Figure 17: Percentage of Respondents within Salary Ranges (Canada)
Years of Experience
There was a variety of years of experience within the respondents. Over 70% of respondents have
between four and fifteen years’ experience. Figure 18 shows the percentage of respondents in each of
the years of experience. Based on the survey responses, years of experience correlate directly to
average salary. Figure 19 shows the average salary increase based on years of experience.
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Figure 18: Percentage of Respondents with Years of Experience (Canada)
Figure 19: Average Salary per Years of Experience (Canada)
Age
Age seems to have a correlation to salary as well. As with the US respondents while salary increases as
age increases until 46-55 years old, it decreased for Canadian respondents in 55-65 years range. There
were no respondents over the age of 65 within the Canadian respondents. Figure 20 shows this trend.
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Figure 20: Average Salary per Age Range (Canada)
Highest Level of Education Attained
Figure 21 shows that level of education does not correlate directly to average salary in Canada. While
there were a few outliers that increased the average salary within those that have a High School
diploma, there is little difference in salary between the Some College/Associates Degree, Bachelor of
Arts/Bachelor of Science, and Masters Degree/MBA categories. As with Australia, age and years of
experience have a stronger indication of salary than level of education.
Figure 21: Average Salary per Highest Level of Education Attained (Canada)
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Industry
Table 7 shows the percentage of Canadian respondents within each industry. Slightly lower than the
overall demographics, Finance and Insurance and Information Technology make up just over 40% of all
Canadian respondents. Average salary is also shown for each industry. Consumer Products show the
lowest average salary while Construction Industries has the highest average salary.
Industry
Average Salary
Aerospace
Agriculture and Primary Resources
Business/Professional Consulting Services
Communications and Publishing
Construction Industries
Consumer Products
Defense
Energy
Engineering
Finance and Insurance
Government and Public Sector
Healthcare and Social Services
Hospitality and Recreation Industries
Information Technology
Manufacturing Industries
Marketing and Sales
Non Profit Organizations
Pharmaceutical Industries
Training/Education
Transportation and Storage
Wholesale and Retail Trade
Did Not Provide Industry
$82,611
$68,000
$103,157
$64,242
$121,428
$51,000
$0
$107,762
$112,199
$82,432
$89,162
$79,288
$0
$89,290
$91,880
$53,248
$74,022
$0
$77,689
$77,390
$67,032
$86,239
Percentage of
Respondents
1.5%
0.3%
11.4%
0.6%
0.3%
0.6%
0.0%
11.7%
0.6%
25.2%
9.3%
6.3%
0.0%
15.6%
1.5%
0.3%
0.9%
0.0%
3.0%
0.9%
2.1%
7.8%
Table 7: Percentage of Canadian Respondents within Each Industry
Gender Bias
As shown in Table 1, 48% of the Canadian respondents were female and 51% were male. The average
salary of female respondents was 7% less than that of male respondents. We analyzed other factors
including level of education, years of experience, and age. While with specific respondents, there may
be higher female salaries than male salaries, on average male respondents continue to make higher
salaries than female respondents.
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India
Business analysis professionals reported an average salary of $18,086 in 2012. Figure 22 shows the
percentage of respondents in various salary ranges.
Figure 22: Percentage of Respondents within Salary Ranges (India)
Years of Experience
There was a variety of years of experience within the respondents. Over 90% of respondents have
between four and fifteen years’ experience. Figure 23 shows the percentage of respondents in each of
the years of experience. Based on the survey responses, years of experience correlate directly to
average salary. Figure 24 shows the average salary increase based on years of experience.
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Figure 23: Percentage of Respondents with Years of Experience (India)
Figure 24: Average Salary per Years of Experience (India)
Age
All respondents were within the first three categories (Under 26 years, 26 – 35 years, and 36 – 45
years). Salary correlates directly to age within the respondents. Figure 25 shows this trend.
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Figure 25: Average Salary per Age Range (India)
Highest Level of Education Attained
Almost 98% of respondents from India have either a Bachelor of Arts/Bachelor of Science degree or a
Masters Degree/MBA. Average salary increased 3% with a Masters Degree/MBA.
Industry
Almost 90% of respondents from India work within Finance and Insurance or the Information
Technology industries.
Gender Bias
As shown in Table 1, 17% of the Indian respondents were female and 83% were male. The average
salary of female respondents was 36% less than that of male respondents. India represents the
greatest majority gender as well as the largest salary discrepancy between male and female
respondents. All female respondents have either a Bachelor of Arts/Bachelor of Science degree or a
Masters Degree/MBA. On average, the male respondents were slightly more experienced than the
female respondents. But when examining the years of experience categories, female respondent
salaries were still significantly less than those of male respondents.
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New Zealand
Business analysis professionals reported an average salary of $85,059 in 2012. Figure 26 shows the
percentage of respondents in various salary ranges.
Figure 26: Percentage of Respondents within Salary Ranges (New Zealand)
Years of Experience
There was a variety of years of experience within the respondents. New Zealand respondents had the
most balance amongst years of experience within the analyzed countries. Figure 27 shows the
percentage of respondents in each of the years of experience. Based on the survey responses, years of
experience correlate directly to average salary. There is a slight dip between 4 – 6 years and 7 – 10
years. Figure 28 shows the average salary increase based on years of experience.
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Figure 27: Percentage of Respondents with Years of Experience (New Zealand)
Figure 28: Average Salary per Years of Experience (New Zealand)
Age
Most respondents were between 26 and 55 years of age. While salary seems to increase within the
initial categories, it does not appear to be as directly related as in other countries. Other factors such
as education, years of experience, and industry do not appear to be the specific reason for the
difference in trend. It may be that there were insufficient respondents to demonstrate the actual
trend within New Zealand. Figure 29 shows the results.
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Figure 29: Average Salary per Age Range (New Zealand)
Highest Level of Education Attained
Over 50% of respondents from New Zealand have a Bachelor of Arts/Bachelor of Science. There was
very little difference in salary within the various levels of education.
Industry
Almost 75% of respondents fell within three industries: Finance and Insurance, Government and Public
Sector, and Information Technology.
Gender Bias
As shown in Table 1, 52% of the New Zealand respondents were female and 48% were male. The
average salary of female respondents was 9% less than that of male respondents. We analyzed other
factors including level of education, years of experience, and age. While with specific respondents,
there may be higher female salaries than male salaries, on average male respondents continue to
make higher salaries than female respondents.
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South Africa
Business analysis professionals reported an average salary of $57,893 in 2012. Figure 30 shows the
percentage of respondents in various salary ranges.
Figure 30: Percentage of Respondents within Salary Ranges (South Africa)
Years of Experience
There was a variety of years of experience within the respondents. South Africa respondents had some
balance amongst categories of experience with the most being between 7 – 10 years. Figure 31 shows
the percentage of respondents in each of the years of experience. Based on the survey responses,
years of experience correlate directly to average salary. Figure 32 shows the average salary increase
based on years of experience.
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Figure 31: Percentage of Respondents with Years of Experience (South Africa)
Figure 32: Average Salary per Years of Experience (South Africa)
Age
Most respondents were between 26 and 45 years of age. Salary correlates directly to age within the
respondents. Figure 33 shows this trend.
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Figure 33: Average Salary per Age Range (South Africa)
Highest Level of Education Attained
Over 50% of respondents from South Africa have a Bachelor of Arts/Bachelor of Science. While there
was little correlation between salary increase and High School and Some College/Associates Degree,
there was a 12% increase in salary for those respondents with a Bachelor of Arts/Bachelor of Science
degree.
Industry
Over 63% of respondents fell within two industries: Finance and Insurance and Information
Technology. More than 10% of respondents did not provide an industry within which he/she works.
Gender Bias
As shown in Table 1, 52% of the South Africa respondents were female and 48% were male. The
average salary of female respondents was 5% less than that of male respondents. Unlike any other
country, there were some categories within age (36 – 45), years of experience (1 – 3 years), and
education (Some College/Associates Degree) in which the female respondents earn a higher average
salary than the male respondents.
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United Kingdom
Business analysis professionals reported an average salary of $88,745 in 2012. Figure 34 shows the
percentage of respondents in various salary ranges.
Figure 34: Percentage of Respondents within Salary Ranges (United Kingdom)
Years of Experience
There was a variety of years of experience within the respondents. United Kingdom respondents had
some balance amongst categories of experience with the most being between 7 – 10 years. Figure 35
shows the percentage of respondents in each of the years of experience. Based on the survey
responses, years of experience correlate directly to average salary with the exception of the decrease
within the ‘More Than 15 Years’ category. Further analysis of that category does not indicate any
specific variable that contributed to the decrease. Figure 36 shows the average salary increase based
on years of experience.
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Figure 35: Percentage of Respondents with Years of Experience (United Kingdom)
Figure 36: Average Salary per Years of Experience (United Kingdom)
Age
More than 90% of respondents were between 26 and 55 years of age. Salary appears to correlate to
age within the respondents except for the significant increase in the 36 – 45 years category. Further
examination of that data indicates that it may be the work in Finance and Insurance industry. More
than 50% of respondents in the 36 – 45 years category work within the Finance and Insurance Industry.
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The average salary of that age group within the industry was 27% higher than the overall average.
Figure 37 shows the overall salary trend per age category.
Figure 37: Average Salary per Age Range (United Kingdom)
Highest Level of Education Attained
Over 76% of respondents from the United Kingdom have more than High School and Some
College/Associates Degree. Similar to the age category, industry seems to have a greater impact on
salary rather than level of education attained.
Industry
Over 50% of respondents fell within two industries: Finance and Insurance and Information
Technology. Business/Professional Consulting Services was the next most reported industry with just
under 9%.
Gender Bias
As shown in Table 1, 31% of the United Kingdom respondents were female and 69% were male. The
average salary of female respondents was 5% less than that of male respondents. Unlike any other
country, there were some categories within age (26 – 25, 36 – 45, and 46 – 55), years of experience (1
– 3 years, 4 – 6 years, and More Than 15 Years), and education (Some College/Associates Degree,
Bachelor of Arts/Bachelor of Science) in which the female respondents earn a higher average salary
than the male respondents. Similar to the previous categories, industry seems to have a greater
impact on salary rather than other factors.
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Conclusion
The 2013 Income Survey Report included respondents from more than 60 countries worldwide. Seven
countries included more than 50 respondents and additional income analysis was performed on those
countries.
There were several overall trends found throughout the countries:
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

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Years of experience had a strong correlation to income levels – income increased as years of
experience increased.
Education also had a correlation to income levels but varied based on country.
Age had a strong correlation to income levels – income increased as age increased until 55 – 65
years and above.
Certification holders seem to receive higher levels of income on average but more than half of
the respondents did not indicate any response to this question so detailed income analysis was
not performed based on certification.
Male respondents generally earn more than female respondents with few exceptions. This
trend should continue to be followed – there was some slight indication that the gender bias
may be reducing in the newest entrants to the field, especially in the United States.
Average salary has increased from the last salary survey and in some countries at a higher rate
than the cost of living increase.
The Finance and Insurance industry was the most popular industry in which respondents are
working, followed by Information Technology.
We have discovered several factors that may have an impact on your salary including years of
experience, education, age, and industry. Having this knowledge can support career planning for the
coming year.
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www.iiba.org
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