Entry Level Business Analyst Jobs: Salary, Skills & Opportunities

Entry Level Business Analyst Jobs such as business analyst intern, junior business analyst, data analyst, financial analyst and so on is the best way to start your career as a business analyst. These roles not only provide valuable career opportunities, but they also serve as essential steps for increasing business analyst salary.

Therefore, Entry-level business analyst jobs are an excellent way to begin a career in business analysis. These jobs normally require a bachelor’s degree in a related field such as finance, business, or information technology, while some employers may consider candidates with relevant courses or certificates.

Make sure to check: Business Intelligence Analyst Salary: What to Expect in Canada?

Entry Level Business Analyst Jobs 

Here are some common Entry level Business Analyst Jobs include,

1. Business Analyst Intern

2. Junior Business Analyst

3. Data Analyst

4. Financial Analyst

5. Quality Assurance Analyst

6. IT Support Analyst

7. Operations Analyst

Here is the brief description of Business Analyst Job roles and salary as per talent.com: 

Junior Business Analyst:

This is an entry-level position in which you will work directly with senior analysts along with other teammates to collect and gather company requirements, conduct data analysis, and help design company strategies. In order to get this job role you must have strong analytical and communication abilities.

The average annual salary for junior business analysts in Canada is $100,404, or $51.49 per hour. Starting salaries for entry-level roles are $61,776 while those with the most experience can earn up to $138,220 annually.

Data Analyst:

A data analyst is a person whose duty is to collect and analyze data in order to tackle a specific problem. Data analysts work on gathering, analyzing, and interpreting data to assist businesses in making profitable decisions. 

The average data analyst income in Canada is $92,437 per year or $47.40 per hour. Entry-level salaries begin at $65,663 per year, with experienced employees earning up to $140,195 per year.

Financial Analyst:

Financial analysts analyze financial information, market trends, and opportunities for investments in businesses. Excellent analytical and statistical skills are necessary for this position.

The average salary for a financial analyst is $93,041 per year or $47.71 per hour in Canada. Initial salaries for entry-level jobs start at $70,000 per year, with most experienced professionals earning up to $132,816 per year.

Quality Assurance Analyst:

Quality assurance analysts ensure that software applications or products fulfill quality standards and work properly. They often work with business analysts to identify requirements and ensure that they are met during the development phase.

The average salary for a quality assurance analyst is $120,414 per year or $61.75 per hour in Canada. Entry-level salaries start at $71,585, while those who have experience earning up to $125,114 per year.

IT Support Analyst:

IT support analysts assist in analyzing technical problems and helping consumers with software and hardware issues. This function can provide insight to business processes and systems, making it an appropriate starting point for a business analyst career.

The average salary for IT support analysts is $72,752 per year or $37.31 per hour in Canada. Highly professionals earn up to $74,366 per year, while entry-level roles start at $66,580.

Operations Analyst:

Operations analysts seek to improve an organization’s procedures and workflows. They find areas for improvement, analyze data, and make strategies in order to improve efficiency and effectiveness.

The average operations analyst salary is $119,349 per year in Canada, or $61.20 per hour. Entry-level positions start at $78,997 per year, while those who have experience earning up to $129,867 per year.

Skills Required for an Entry-Level Business Analyst

An entry-level business analyst needs an expertise of technical, analytical, and interpersonal skills. Hence, The following are the essential skills:

1. Problem-Solving

A business analyst’s major responsibility is to tackle problems and offer effective solutions. Therefore, you would be assigned tasks that involve dealing with minor problems in the project. 

2. Management Skills

A business analyst often works with multiple departments and must manage daily work and resources to maintain smooth procedures. This includes analyzing and documenting client needs, attending team conferences, as well as handling the projects as a whole. So you must be able to manage all of these things.

3. Technical Skills

It is often necessary to be skilled in programs such as Microsoft Excel, SQL for data querying, and data visualization tools. Understanding business analysis software such as Jira or Trello might be beneficial.

4. Analytical Skills

It is essential that you possess analytical skills when applying for this position. This involves understanding the problem, examining it, and applying a logical and analytical approach to find potential solutions.

5. Time Management

It’s usual to manage several priorities and responsibilities. To fulfill project deadlines, effective time management is crucial so if you get Entry-Level business analyst jobs you should possess time management skills.

Opportunities for Entry-Level Business Analyst Jobs

Entry-level business analyst jobs has various opportunities, which include:

Work in MNCS

Entry-level Business Analyst jobs provide opportunities to work with multinational corporations (MNCs). They provide individuals with necessary analytical and data interpretation skills.

This knowledge provides understanding of MNC operations, technological expertise, and a worldwide perspective.  Additionally, it is a great place to start for a successful international corporate career because it can lead to advancements and a variety of industry options within MNCs.

Work in Banks

Entry-level Business Analyst jobs offer a path into the banking industry. These positions help to build crucial analytical abilities, financial expertise, and knowledge of banking operations. This experience improves chances of securing positions in a variety of banking activities.

Work in Call center

Entry-level Business Analyst jobs provide opportunities for moving into call center jobs. These careers offer individuals essential communication, problem-solving, and analytical skills. Business Analysts frequently engage with other departments, improving interpersonal skills that are essential for call center customer support. 

Work in E-commerce

Entry-level Business Analyst jobs provide an entry point into the e-commerce industry. These positions help to develop abilities in analyzing data, process optimization, and analytical thinking that are extremely useful in e-commerce operations. 

You may also check: Remote Business Analyst Jobs: Get Hired Instantly!

Frequently Asked Questions

1. What does a business analyst do at the entry level?

ANS: Entry-level business analysts, also known as junior business analysts, help to gather and analyze data for a business or organization in order to provide better solutions or make technical changes.

2. Can a fresher work as a business analyst?

ANS: Although being a business analyst without a degree is possible, having a degree in a relevant field such as business management, computer programming, or technology will boost your chances of success.

3 What is the average salary of an Entry-Level business analyst in Canada?

ANS: According to Indeed, Entry-Level business analyst salary is around $83,944 per year in Canada. 

4. What are the essential skills for an Entry-Level Business Analyst?

ANS: Analytical thinking, communication, problem-solving, knowledge in technologies such as Excel and SQL are all essential skills for an Entry-Level Business Analyst.

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