With a positive change in the capital market and economic growth all over the world, there has been a high demand for professionals in systematic approach in India as well.Analyst salary in India is lucrative and comes with extra perquisites as well. So, now there are a lot of avenues opened for individuals who think of a career as an analyst. The different types of analysts are as follows:

  • Business Analyst
  • Equity Analyst
  • Credit Analyst
  • Technical Analyst
  • Risk Analyst
  • Insurance Analyst
  • Financial Analyst
  • Credit Risk Analyst
  • Statistical Analyst

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Average Salary of Business Analysts in IT Companies

The average salaries of business analysts in leading companies of India (as per designation) are as follows:

Mu Sigma
Business Analyst INR 346176 per year
Business Analyst Monthly INR 26750 per month
Senior Business Analyst INR 740889 per year
Cognizant Technology Solutions
Lead Business Analyst INR 104000 per month
Senior Business Analyst INR 973100 per year
Business Analyst INR 749091 per year
Business Analyst INR 452250 per year
Business Technology Analyst INR 492605 per year
Business Analyst INR 463375 per year
Tata Consultancy Services
Business Analyst INR 618053 per year
Assistant Business Analyst INR 660200 per year
Business Analyst INR 635000 per year
Business Analyst Monthly INR 40371 per month
Business Analyst INR 416643 per year
International Business Analyst Monthly INR 26357 per month
Senior Business Analyst INR 601286 per year
Business Analyst INR 676667 per year
Business Operations Analyst INR 666875 per year
Business Analyst INR 763273 per year
Senior Business Analyst INR 919000 per year
HCL Technologies
Business Analyst INR 648500 per year
Business Analyst INR 634000 per year
Senior Business Analyst INR 767576 per year
IT Business Analyst INR 783611 per year
Business Analyst INR 670836 per year

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Career Prospects for Analysts

As per the BLS report of 2011, one of the most demanding professions nowadays is of analysts. People in this profession are in huge demand by large business houses, IT sectors, financial institutes, insurance companies, banking sectors, and so on. The top desired skills by tech companies are the business analysts.
Financial analysts are also in high demand due to rise of investment activities in different sectors. It is a popular choice among individuals who have mathematical, financial, logical and reasoning skills.

Certification Required for a Profession as an Analyst

  • Certified Business Analysis Professional (CBAP), offered by the IIBA (International Institute of Business Analysis) is an important certification in this career path. This certification is recognized across the world.
  • For financial analyst, a CFA certification from the Indian Association of Investment Professionals (IAIP)would be an added advantage.

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