Analyst Salaries in Canada

The average salary for an Analyst is $76,484 per year in Canada. Salaries estimates are based on 11072 salaries submitted anonymously to Glassdoor by an Analyst employees in Canada.

The highest salary for an Analyst in Canada is $97,226 per year.

The lowest salary for an Analyst in Canada is $61,423 per year.

Business analyst salaries vary with experience and education. However, a bachelor’s degree is a minimum requirement and a master’s, or doctoral degree can significantly increase wage potential. The median Canadian salary is above average, with Alberta, Ontario, and Quebec offering the highest and Prince Edward Island having the lowest wages. Experienced business analysts can earn even more by taking on freelance clients or working towards a management role in their existing firm. The long-range forecast shows more job openings than job seekers, which will keep wages competitive and above average.

Making more money as an analyst comes down to what you analyze, and where. A financial analyst in downtown Toronto likely out-earns an agricultural analyst in rural Manitoba, for example. That’s not to say you can’t increase your pay in both positions relatively easily, though. Try to gain as much experience on the job as possible, this will eventually lead to a higher salary. Mastering computer and software skills like Microsoft PowerBI and MySQL will make you more efficient and increase your performance, which will increase your salary with time. You could also consider relocating, but your cost of living may go up significantly along with your salary.

Before opening negotiations with an employer, it helps to get a sense of what other analyst roles pay in comparison to yours. Take note of the experience level these companies are asking for, and see whether your background matches. It’s also important that you find a way to showcase your past achievements. As an analyst, it’s easy for bosses to overlook some of the work you do if they don’t have a hand in your day-to-day work. Find a way to celebrate your analysis, whether it’s putting together reports or graphs or anything else to turn your insights into visuals. This can make it easier for people to understand, which can help make your case for a higher salary.

About 69.69% of Analyst professionals feel satisfied with their salary, according to anonymous Glassdoor ratings. An additional $6,461 in potential pay per year, among other factors, can qualify the annual pay of an Analyst in Canada as a good salary.

Analyst professionals in Canada have a wide total pay range, between $51,013 and $123,810 depending on experience, with an estimated total pay of $76,484 following the average career path of an Analyst.