Are you considering a career in business analysis in Canada, or looking to benchmark your current compensation? We hope that our detailed breakdown of business analyst wages in 2025 will help you make an informed decision
This article details the business analyst salaries and business analyst wage in Canada for 2025, exploring how much business analysts make and the key factors that influence compensation as revealed by the data.
Average Business Analyst Salary in Canada
The median Canadian business analyst salary is $92,696 CAD per year or $44.56 CAD per hour. This figure provides insight into how much business analysts make in Canada and serves as a benchmark for the business analyst pay in the country. Understanding this average business analyst salary is crucial for both job seekers and employers in the field.
Salary Range Overview
How Business Analyst Salaries vary with;
Required Educational Level and Business Analyst Qualifications
Average Salary by Education Level
The data reveals that while a bachelor’s degree is sufficient for most positions, pursuing a master’s degree can lead to significantly higher compensation, with master’s degree holders earning approximately 30% more than bachelor’s degree holders. This highlights the impact of an advanced business analysis degree on salary in Canada and the potential for increased business analytics salary opportunities.
Education Requirements Distribution
Business analyst positions in Canada predominantly require a bachelor’s degree, with over 78% of positions listing this as the minimum requirement. Interestingly, master’s degree requirements appear in approximately 21% of positions, suggesting that advanced education is becoming increasingly valued in the field.
Required Years of Experience and Business Analyst Wage Progression
Business Analyst Salary by Years of Experience
The data shows a significant salary jump between years 1 and 2, where business analysts see their compensation increase by over 77%. This suggests that the transition from junior to intermediate level represents a critical career milestone for business analysts in Canada, significantly impacting how much a business analyst makes as they gain work experience. The entry-level business analyst salary typically starts around $48,392 CAD, with substantial growth potential in the early years of one’s career.
| Years of Experience | Percentage of Jobs | Number of Positions |
|---|---|---|
| 1 year | 8.90% | 13 |
| 2 years | 15.75% | 23 |
| 3 years | 32.88% | 48 |
| 5 years | 31.51% | 46 |
| 7 years | 6.85% | 10 |
| 8 years | 4.11% | 6 |
Seniority Level and Total Pay
The progression from internship to senior level represents a 157% increase in compensation, highlighting the value of experience and leadership capabilities in the business analysis field. This data provides insights into the potential for career advancement and salary growth in the profession, including roles such as senior business analyst, business systems analyst, and business analysis manager. The senior business analyst salary, averaging $110,466 CAD, reflects the premium placed on experienced professionals in the field.
Cities with Highest Business Analyst Salary in Canada
| City | Province | Average Annual Salary (CAD) | Average Hourly Rate (CAD) |
|---|---|---|---|
| Toronto | ON | $126,360 | $60.75 |
| Saint-Laurent | QC | $115,322 | $55.44 |
| Ottawa | ON | $114,035 | $54.82 |
| Mississauga | ON | $95,561 | $45.94 |
| North York | ON | $87,174 | $41.91 |
| Montréal | QC | $81,186 | $39.03 |
| Laval | QC | $74,140 | $35.64 |
| Burlington | ON | $63,584 | $30.56 |
| Markham | ON | $42,983 | $20.67 |
Toronto, Ontario, leads with the highest business analyst salaries in Canada, offering significantly higher business analyst wages than other cities. The business analyst salary in Toronto averages $126,360 CAD annually, making it one of the highest paying cities for the profession.
The data also provides insights into the business analyst salary in Ontario and Quebec, two provinces with strong representation in the top-paying cities list. The business analyst salary Ontario professionals can expect is generally higher than the national average, particularly in major urban centers.
Top Paying Companies in Canada
Here is a list of the top companies that consistently offer above-average salaries for business analysts in Canada, representing some of the highest paying business analyst jobs in the country:
Highest Paying Employers
| Company | Province | Average Annual Salary (CAD) | Average Hourly Rate (CAD) |
|---|---|---|---|
| Transatlantic Business Consulting | ON | $157,697 | $75.82 |
| TekFormix | ON | $154,440 | $74.25 |
| The Code Crackers | ON | $152,615 | $73.37 |
| Brookfield Asset Management | ON | $131,625 | $63.28 |
| CloudQ Canada | ON | $123,552 | $59.40 |
| Zenith Algorithms | ON | $126,360 | $60.75 |
| MCKESSON | QC | $116,623 | $56.07 |
| FD Technologies | ON | $116,162 | $55.85 |
| Enbridge Contingent Talent Community | ON | $115,353 | $55.46 |
| Compile | QC | $111,418 | $53.57 |
| CAPCOO | ON | $110,049 | $52.91 |
| Toronto Transit Commission | ON | $106,171 | $51.04 |
These organizations span diverse industry sectors including management consulting, technology services, financial services, healthcare, and public sector organizations, indicating strong demand for business analysis expertise across multiple industries. While not listed, it’s worth noting that the business analyst CIBC salary is also competitive within the financial sector.
How to Maximize Your Salary Potential
Based on our comprehensive data analysis, we recommend the following strategies to optimize your business analyst salary in Canada:
- Pursue Advanced Education Strategically – While a bachelor’s degree opens doors, a master’s degree can increase your earning potential by approximately 30%
- Focus on the 1-2 Year Experience Mark – The most significant salary increase (77%) occurs at this career stage
- Consider Geographic Opportunities – Cities like Toronto and Ottawa offer premium compensation packages
- Obtain Professional Certifications – CBAP (Certified Business Analysis Professional) and specialized certifications can boost earning potentials
Key Skills to Develop:
- Technical Competencies: SQL, data visualization tools (Tableau, Power BI), Excel advanced functions
- Business Process: Process mapping, requirements gathering, gap analysis
- Software Skills: JIRA, Confluence, Microsoft Visio
- Specialized Areas: Agile/Scrum methodologies, data analytics, business intelligence
Explore our article on the In-Demand Business Analyst Skills in 2025
![Business Analytics Skills required in 2025 In-Demand Business Analyst Skills [Chart showing the following data:] Microsoft Excel: 523 mentions SQL: 436 mentions Power BI: 319 mentions Agile Methodologies: 216 mentions Tableau: 209 mentions Python: 158 mentions Jira: 145 mentions Project Management: 112 mentions Confluence: 89 mentions Data Visualization: 84 mentions Business Analysis: 75 mentions PowerPoint: 71 mentions](https://cdrelitewriters.com/wp-content/uploads/2025/06/Business-Analytics-Skills-required-in-2025.png)
Future Trends in Business Analyst Salaries
The business analysis field in Canada continues to evolve, with increasing focus on:
- Data Analytics: Advanced analytics and predictive modeling
- Digital Transformation: Leading organizational change initiatives
- Artificial Intelligence: Understanding AI/ML applications in business
- Cybersecurity: Risk analysis and security requirements
- Cloud Solutions: Cloud-based business applications and migrations
Business analysts who develop expertise in these emerging areas are likely to command premium salaries as Canadian organizations compete for talent with specialized knowledge. The demand for business analysts is expected to grow, particularly in technology, financial services, and healthcare sectors, positively impacting the job market and career opportunities in the field. This positive job outlook and labour market information suggest a bright future for business analysts in Canada.
The data presented in this article was compiled through an analysis of 202 publicly available business analyst salaries in Canada. Salaries, required education levels, experience expectations, seniority titles, and locations were extracted and analysed to identify trends and calculate average and median figures. The data analysis was completed in May 2025, providing the most up-to-date information on how much business analysts make in Canada, including details on base pay and additional pay components.
Conclusion
The business analyst profession offers strong earning potential across Canada, with the median business analyst salary reaching $92,696 CAD annually. While education provides a foundation, experience and specialization significantly influence salary levels. Location choices and industry selection have equally important impacts on total compensation.
For business analysts looking to maximize their earning potential, a strategic approach combining technical skill development, professional certification, and leadership capabilities is essential. Understanding salary trends and market dynamics will help you negotiate competitive compensation packages and advance your career effectively. Keep in mind that your salary trajectory can be influenced by factors such as job responsibilities, popular companies in your area, and recent salary trends in the industry.
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