Business analysts play a crucial role in making data-driven decisions, and hence they are becoming increasingly important across industries including finance, healthcare, IT, and more. The demand for business analyst jobs in Australia is on the rise too.
One of the key factors that attract many people to this profession is the potential to earn a good salary for a business analyst in Australia.
According to the Payscale, the average salary for a Business Analyst in Australia is AUD $81535 per year. Several factors that can impact the range of business analyst salary in Australia are listed below:
1.Experience Level- The level of experience of a business analyst can also impact their salary range.
Experience Level
Experience
Average Salary of business analyst in Australia*
Entry Level
Less than 1 year
AU$64,800
Early Level
1-4 years
AU$76,438
Mid Career
5-9 years
AU$94,179
Late Career
10-19 years
AU$101
Experienced
20 years & more
AU$100,418
*Indicative salary as per Payscale
2.Qualification- Having relevant qualifications can also affect the salary of a business analyst in Australia. For example, those with a degree in business, finance, or a related field may earn more than those without it.
3.Location- It also plays an important role in determining the salary range for a Business Analyst. For instance, those working in Sydney, Melbourne, or Brisbane tend to earn more than those working in smaller cities or regional areas. This is due to the higher cost of living in major cities.
4.Industry- The industry in which a business analyst works can significantly affect their salary range. For example, those working in the finance industry tend to earn more than those working in healthcare or government.
5 Best Paying Cities for Business Analysts in Australia
Here are the five best paying cities for business analysts in Australia:
City
Average Salary for Business Analyst per year*
Average Additional Cash Compensation Range
Sydney
AUD 1,00,000
AUD 4,400 -17,200
Melbourne
AUD 95,000
AUD 3,000 – 15,000
Perth
AUD 1,02,190
AUD 2,610 -20,000
Brisbane
AUD 95,000
AUD 4810 -12,000
Adelaide
AUD 87,500
AUD 5000 – 20,000
*Indicative salary as per Glassdoor
Comparison Between Business Analyst Salary in Australia and India
The salary of a business analyst can vary significantly between Australia and India due to differences in cost of living, market demand, and currency exchange rates.
The average salary for a Business Analyst in Australia is AUD 81,535 (INR 45 lakh) per year. While in India, the national average salary for a business analyst is INR 8 lakh in India. This holds true in the light that Australia has a higher cost of living along with the increasing market demand for analysts due to a huge increase in industries such as finance, healthcare, and technology.
Business Analyst Jobs in Australia with Visa Sponsorship
Due to the high demand for business analysts in Australia, there are many companies that offer visa sponsorship to them. To be eligible for visa sponsorship for a business analyst job in Australia, you must have relevant qualifications and work experience.
The most common visa types for skilled workers include
Temporary Skill Shortage (TSS) visa- It is a temporary work visa that allows skilled workers to live and work in Australia for up to four years.
Skilled Independent visa- The Skilled Independent visa is a permanent residency visa that is awarded based on a points-based system.
Overall, the outlook for business analyst jobs in Australia is positive, with strong demand for skilled professionals in many industries. The salary of a business analyst in Australia is pretty decent to maintain a good standard of living. Whether you’re an experienced professional or just starting out, pursuing a career as a business analyst in Australia can be a rewarding and lucrative choice.
Frequently Asked Questions
Which industries pay the highest salaries for business analysts in Australia?
Some of the industries that pay the highest salaries for business analysts in Australia include finance, healthcare, IT, government, and education.
What qualifications are required to have a business analyst job in Australia?
A degree in business, finance, economics, or a related field is typically required to have a business analyst job in Australia. Many employers also prefer candidates who have industry certifications such as the Certified Business Analysis Professional (CBAP) or the Project Management Professional (PMP).
What skills are in high demand for business analysts in Australia?
Some of the skills that are in high demand for business analyst jobs in Australia include data analysis, project management, stakeholder management, problem-solving, and communication skills.
She is an experienced writer and journalist who has extensively covered the education sector in India and Abroad. Now helping Indian aspirants realise their foreign education dream by providing them with relevant content and information through upGrad Abroad. Amateur traveller, loves to read Architectural Digest!
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