Average Business Analyst Salary in Turkey for 2024

In this article, we will look at the average Business Analyst salary for 2024 in Turkey and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Turkish lira. To keep things simple, we are using the TRY currency code instead of the currency symbol โ‚บ.

How Much Does a Business Analyst Make in Turkey?

A Business Analyst working in Turkey will typically earn around 120,040 TRY per year, and this can range from the lowest average salary of about 59,380 TRY to the highest average salary of 189,300 TRY.

Average Annual Salary
120,040 TRY
Average Monthly Salary
10,003 TRY

Lowest Annual Salary
59,380 TRY
Lowest Monthly Salary
4,948 TRY

Highest Annual Salary
189,300 TRY
Highest Monthly Salary
15,775 TRY

These are average salaries for a Business Analyst in Turkey and include benefits such as housing and transport. It's also possible for a Business Analyst to earn more or less than the average salaries shown above.

Business Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Business Analyst Salaries in Turkey

So we've looked at the average salaries a Business Analyst will earn in Turkey. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Business Analyst can earn between 59,380 TRY and 189,300 TRY on average in Turkey. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Business Analyst in Turkey is 124,400 TRY. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 124,400 TRY, and 50% of the population earn more than 124,400 TRY.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Business Analyst salary in Turkey, 25% of the population are earning less than 80,540 TRY while 75% of the population earn more than 80,540 TRY.

75% of the population earn less than 161,300 TRY, and 25% of the population earn more than 161,300 TRY.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Business Analyst Salary by Experience Level in Turkey

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average business analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Business Analyst in Turkey that has less than two years of experience can expect to earn somewhere in the region of 67,900 TRY.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Analyst salary would increase to 96,980 TRY.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Analyst, the average salary would be 124,400 TRY.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 152,300 TRY.
  • 15 - 20 Years Experience. A Business Analyst with 15 to 20 years of experience can earn an average of 161,600 TRY.
  • 20+ Years Experience. For a Business Analyst with more than 20 years, the expected average salary increases to 180,300 TRY.

Average Salary by Experience Chart

0-2 Years
67,900 TRY
2-5 Years +42%
96,980 TRY
5-10 Years +31%
124,400 TRY
10-15 Years +23%
152,300 TRY
15-20 Years +6%
161,600 TRY
20+ Years +10%
180,300 TRY

Business Analyst Salary by Education Level in Turkey

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Business Analyst in Turkey based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Business Analyst in Turkey with a high school education can earn an average salary of 82,720 TRY.

  • Certificate or Diploma. A Business Analyst in Turkey with a certificate or diploma education can earn an average salary of 96,500 TRY.

  • Bachelor's Degree. A Business Analyst in Turkey with a bachelor's degree education can earn an average salary of 138,800 TRY.

  • Master's Degree. A Business Analyst in Turkey with a master's degree education can earn an average salary of 172,200 TRY.

Average Salary by Education Chart

High School
82,720 TRY
Certificate or Diploma +16%
96,500 TRY
Bachelor's Degree +46%
138,800 TRY
Master's Degree +23%
172,200 TRY

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Turkey is around 39,200 to 117,000 TRY and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Business Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Turkey, a male business analyst will earn an average of 127,700 TRY, while a female business analyst will earn around 115,400 TRY.

This means that a male business analyst earns approximately 11% more than a female business analyst for performing the same job.

Average Salary by Gender Chart in Turkey

Male
127,700 TRY
Female -11%
115,400 TRY

Business Analyst Average Pay Raise in Turkey

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Business Analyst in Turkey is around 13% every 17 months.

The national average pay raise across all professions and industries in Turkey is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Business Analyst in Turkey can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Turkey for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Turkey.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Business Analyst Bonus and Incentive Rates in Turkey

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Business Analyst is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
82%
No Bonus
18%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Turkey earn approximately 6% more than private sector employees in the same role.

Public Sector
95,420 TRY
Private Sector -6%
89,960 TRY

Salaries for Jobs Similar to a Business Analyst

In the table below, we have salary information for jobs that are similar to a Business Analyst in Turkey.

Job Title Category Salary
Assistant Business Development Manager Business Planning 125,100 TRY
Assistant Merchandise Planner Business Planning 78,500 TRY
Business Advisor Business Planning 118,060 TRY
Business Consultant Business Planning 119,020 TRY
Business Continuity Associate Business Planning 69,400 TRY
Business Developer Business Planning 75,500 TRY
Business Development Analyst Business Planning 85,080 TRY
Business Development Associate Business Planning 64,640 TRY
Business Development Coordinator Business Planning 66,000 TRY
Business Development Director Business Planning 168,100 TRY
Business Development Engineer Business Planning 93,600 TRY
Business Development Executive Business Planning 127,700 TRY
Business Development Manager Business Planning 148,300 TRY
Business Development Specialist Business Planning 112,280 TRY
Business Manager Business Planning 138,800 TRY
Business Operations Specialist Business Planning 117,440 TRY
Business Process Writer Business Planning 69,720 TRY
Business Systems Analyst Business Planning 125,100 TRY
Capacity Planner Business Planning 80,020 TRY
Capacity Planning Supervisor Business Planning 109,520 TRY
Change Communications Analyst Business Planning 108,080 TRY
Change Control Analyst Business Planning 112,180 TRY
Change Impact Analyst Business Planning 118,260 TRY
Contracts Executive Business Planning 119,700 TRY
Corporate Strategy Analyst Business Planning 125,100 TRY
Cost Control Engineer Business Planning 78,160 TRY
Cost Controller Business Planning 91,380 TRY
Cost Estimator Business Planning 78,500 TRY
Data Executive Business Planning 60,880 TRY
Data Manager Business Planning 88,020 TRY
Data Processing Manager Business Planning 105,080 TRY
Development Researcher Business Planning 91,960 TRY
Director of Business Development Business Planning 174,000 TRY
Director of Production Planning Business Planning 151,800 TRY
Due Diligence Analyst Business Planning 125,100 TRY
Estimating Manager Business Planning 128,500 TRY
General Manager Business Planning 150,000 TRY
Incident Handler Business Planning 85,080 TRY
Incident Specialist Business Planning 105,620 TRY
Lean Consultant Business Planning 93,120 TRY
Manager Business Planning 159,400 TRY
Marketing and Business Development Manager Business Planning 148,300 TRY
Materials Planner Business Planning 53,380 TRY
Merchandise Assistant Business Planning 49,700 TRY
Merchandise Controller Business Planning 50,080 TRY
Merchandise Planner Business Planning 53,160 TRY
Operations Analyst Business Planning 105,080 TRY
Operations Manager Business Planning 124,400 TRY
Operations Research Analyst Business Planning 69,180 TRY
Planning and Reporting Manager Business Planning 127,700 TRY
Planning Director Business Planning 151,800 TRY
Project Administrator Business Planning 79,260 TRY
Project Manager Business Planning 119,900 TRY
Project Planner Business Planning 73,820 TRY
Research Assistant Business Planning 66,140 TRY
Research Engineer Business Planning 72,700 TRY
Research Officer Business Planning 60,920 TRY
Risk Management Specialist Business Planning 116,180 TRY
Scholarship Coordinator Business Planning 57,820 TRY
Store Planner Business Planning 58,440 TRY
Strategy Director Business Planning 154,700 TRY
Top Research and Development Executive Business Planning 169,000 TRY

Salary Comparison by City

If you want to compare salaries with different cities in Turkey, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Ankara 116,180 TRY
Antalya 112,760 TRY
Istanbul 136,100 TRY
Izmir 116,420 TRY

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