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Whether project managers get higher salaries than programmers and business analysts at all exist as a class depends squarely on the software world you live in. For project managers, employers typically seek candidates with at least a bachelor’s degree in a field related to the company’s industry. Median earnings for business analysts were roughly 27 percent less than those of project managers. CIO: Inside Project Managers’ Paychecks – PMI Salary Survey Results, Bureau of Labor Statistics: Occupational Outlook Quarterly – Project Managers Stay in Charge and Out Front, Bureau of Labor Statistics: Occupational Outlook Handbook – Management Analysts, Bureau of Labor Statistics: Management Analysts, Robert Half Finance & Accounting: 2014 Salary Guide, Bureau of Labor Statistics: Occupational Outlook Handbook – Advertising, Promotions and Marketing Managers, Bureau of Labor Statistics: Occupational Outlook Handbook – Administrative Services Managers. Business analysts perform many of the same tasks as project managers, but their goal is almost exclusively to improve the efficiency and profitability of a company by making recommendations on business processes. The same also holds for project management certifications. Business analysts have an even brighter future, with average job growth of 22 percent predicted. How to Answer: What Are Your Strengths and Weaknesses? With less than one year on the job, managers had a median salary of $86,000 annually. With one to three years of experience, analysts' salaries ranged from $56,750 to $78,750. The outlook for employment opportunities for project managers varies by industry. Project managers with one to five years of experience earned $100,000, while those with five to 10 years of experience earned $108,206. Filter by location to see Project Manager/Business Analyst salaries in your area. ), 7 of the Best Situational Interview Questions. These managers communicate with team members, assign tasks, oversee schedules, monitor budgets and measure progress to ensure that their organizations meet all objectives are met. Based in Minneapolis, Minn., Dana Severson has been writing marketing materials for small-to-mid-sized businesses since 2005. To advance in the career, business analysts may want to consider earning their MBA; 28 percent of all analysts held this level of education in 2010, according to the BLS. Learn how to enable cookies. A survey by the Project Management Institute found that half of project managers brought home at least $100,000 a year, as of 2010. Business analysts bring home $78,600 a year, the Bureau of Labor Statistics reports. A simple answer to this question would be "because in our societies, we still think the salary is bound to the position in the hierarchy." Business analysts, on the other hand, often need a bachelor’s degree in business, management, accounting, marketing or a related field to work in entry-level positions. As the name suggests, project managers manage all components of a project. The national average salary for a Project Manager/Business Analyst is $103,423 in United States. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Business Analyst Salaries. See how your offer stacks up to other pay packages and negotiate confidently. They start by determining the goals of a project and then develop a strategy to see the project to fruition. In fact, this level of education could improve employment opportunities. Filter by location to see Project Manager/Business Analyst salaries in your area. Project Manager/Business Analyst - Hourly Contractor, Is this helpful? The national average salary for a Project Manager/Business Analyst is $103,423 in United States. Salaries are comparable between these two roles, with project managers just slightly outearning business analysts. But salaries vary by experience. Students searching for Business Analyst vs. Project Manager found the following related articles, links, and information useful. Median earnings for business analysts were roughly 27 percent less than those of project managers. Prior to this, Severson worked as a manager of business development for a marketing company, developing targeted marketing campaigns for Big G, Betty Crocker and Pillsbury, among others. Business analysts bring home $78,600 a year, the Bureau of Labor Statistics reports. A survey by Robert Half Finance & Accounting, a national financial recruiter, found that entry-level analysts earned anywhere from $46,750 to $62,000 a year, depending on company size. Those working in administrative services will likely enjoy slightly better opportunities, with a job growth of 15 percent during this same time. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. As we collect more salary reports, we will be able to display related salaries for this job title. Glassdoor will not work properly unless browser cookie support is enabled. At the senior level, business analysts earned $73,500 to $97,250, while managers brought home $86,250 to $119,000 annually. The national average salary for a Project Manager/Business Analyst is £54,039 in United Kingdom. For managers with more than 10 years on the job, salaries often exceeded $118,000. The average salary for a Project Manager/Business Analyst is $91,317 per year in United States. Salary estimates are based on 65,205 salaries submitted anonymously to Glassdoor by Project Manager/Business Analyst … Salary estimates are based on 65,205 salaries submitted anonymously to Glassdoor by Project Manager/Business Analyst employees. The relatively high salaries for both positions are partly due to education. 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