The Certified Business Analysis Professional (CBAP) is for working professionals in the field of business analysis. CBAP is a widely accepted certification both in BA-related job requirements by employers and as an indicator of competency in business analysis by peers. CBAP certification salary in India, like any other job role, is determined by a variety of factors such as company size, reputation, location, work experience, and educational qualification.
In this article, we are going to discuss salary and benefits for CBAP Certified professionals around the world.
What is CBAP and who should take it?
Certified Business Analysis Professional (CBAP) is the gold standard in business analysis certifications. Getting CBAP Certified has many benefits including financial benefits.
The CBAP Certification Salary is a key consideration for professionals who wish to establish themselves as highly effective and experienced in the field of business analysis. This certification validates that the holder has sufficient expertise in business analysis and is equipped to handle complex business dilemmas and initiatives, often leading to higher salary prospects and career advancement opportunities.
The CBAP Certification Salary can significantly enhance one’s resume, as many business analysis jobs list the CBAP® certification as a must-have requirement. Naturally, some job roles are well aligned with what the certification offers, leading to better compensation packages and career opportunities.
- Business Analysts
- Business Consultants
- Management Consultants
- Management Analysts
- Product Managers
- Product Owners
If you wish to learn more about CBAP Certification, check out our blogs related to CBAP Certification Details and gain powerful insights.
What are the benefits of CBAP Certification?
The candidates become reputed members of a professional group after clearing the CBAP exam.
Checkout our CBAP Certification Course
Techcanvass is an IIBA Endorsed Education Provider (EEP). Our CBAP certification course offers a comprehensive platform to help you crack the CBAP exam on the first attempt. Our training programs for CBAP have been running for more than 8 years with an excellent success rate.
Better Job Opportunities
CBAP Certification helps you in a couple of ways. First, it provides credibility to your resume which helps in getting shortlisted for better job opportunities.
We have also observed that employers increasingly ask for CBAP Certification for Business Analyst positions, although it is not a mandatory requirement. This trend can positively impact the CBAP Certification Salary, as candidates with this certification may command higher salaries and stand out in the competitive job market.
Higher Salary
CBAP professionals generally earn more than their uncertified peers. Also, on average a CBAP will earn more than other BAs across industries.
IIBA Salary Survey Data: Business analysis professionals who hold a CBAP earn 25% more than non-certified professionals.
We will provide more insights on the CBAP Certification Salary of certified professionals from IIBA and other sources in the next section. Understanding these salary trends can help aspiring business analysts gauge the financial benefits of obtaining their CBAP certification.
Learning Best practices
Thorough knowledge of the Business Analysis body of knowledge (BABOK) is necessary to crack the CBAP examination. This allows the experienced professional to familiarize oneself with the best practices, and concepts of business analysis. It also allows the professional to apply the best practices in their project deliverables and activities.
Global Recognition
The CBAP® badge makes you stand out more as CBAP designation is globally certified. It gives you industry recognition and demonstrates your capability in the field of business analysis globally.
CBAP Certification: Salary Insights
Average salaries of Business Analyst professionals in five countries have been published in the State of Business Analysis Survey 2023 by IIBA. Here is a snapshot:
|
Country |
Average Salary |
|
USA |
US $109,156 |
|
Canada |
US $71,417 |
|
India |
US $57,744 |
|
Australia |
US $92,660 |
|
South Africa |
US $43,672 |
According to US Bureau of Labor Statistics the median salary of Business Analysts (Categorized as Management Analysts) is US $99,410 per year in 2023. Also, the growth in demand is expected to be 10% higher than the average for the period 2022-32.
We also looked at salary data from Payscale.com. Here are the findings of CBAP certified Business Analysts in the USA, Canada, and India.
CBAP Certification Salary in USA
We looked at CBAP Business Analyst salaries in the USA for several Business Analyst designations. Here is the data:
It is obvious that CBAP Certified professionals work in different profiles and salary may vary based on the profile. But, it is at US $80,000 or more for most CBAP Business Analysts.
CBAP Salary in Canada
The salaries of CBAP Certified professionals in Canada are between C$68,000 to C$100,000 approximately.
Certified Business Analysis Professional (CBAP) Salary in Canada | PayScale
CBAP Salary in India
The CBAP Business Analyst salary in India varies from INR 600,000 to 18,00,000.
Why do top-notch companies prefer employing CBAP Certified BA Professionals?
Top-notch companies usually prefer professionals who are certified as business analysts and hold industry-recognized certifications. CBAP is one such globally recognized BA certification that validates the candidate’s knowledge and skills in business analysis. A few reasons why CBAP professionals are more preferred than non-certified professionals are as follows:
- CBAP certification adds credibility for the BA professional.
- CBAP is accredited by IIBA, which is a globally reputed body for the business analysis domain.
- A Certified Business Analysis Professional (CBAP) acts as proof of the candidate’s hard work and commitment to preparing and clear one of the most difficult CBAP examinations.
Are you eligible for CBAP?
There are certain eligibility requirements that you must meet in order to qualify for the CBAP examination. You can check out the eligibility criteria here:
- Requirement of 10 years of experience in business analysis along with a minimum of 7500 hours of work experience as a business analyst within 10 years.
- 900 hours in 4 of the 6 of the BABOK® Guide Knowledge Areas (Total of 3600 hours out of the minimum 7500 hours)
- The candidate must have earned 35 hours of professional development units (PDUs within the last 4 years.
- Provide two references from a colleague, client, manager, or CBAP recipient.
Conclusion
In conclusion, the *CBAP Certification Salary* is a highly sought-after certification for working professionals in the business analysis space, offering proven benefits that can lead to increased earning potential and career advancement opportunities. By obtaining this certification, professionals can enhance their credibility and marketability in a competitive job landscape.
