Average Business Development Analyst Salary in Finland for 2024

In this article, we will look at the average Business Development Analyst salary for 2024 in Finland 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Business Development Analyst Make in Finland?

A Business Development Analyst working in Finland will typically earn around 51,080 EUR per year, and this can range from the lowest average salary of about 25,440 EUR to the highest average salary of 77,620 EUR.

Average Annual Salary
51,080 EUR
Average Monthly Salary
4,256 EUR

Lowest Annual Salary
25,440 EUR
Lowest Monthly Salary
2,120 EUR

Highest Annual Salary
77,620 EUR
Highest Monthly Salary
6,468 EUR

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

Business Development 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 Development Analyst Salaries in Finland

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

Salary ranges

We already know that a Business Development Analyst can earn between 25,440 EUR and 77,620 EUR on average in Finland. 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 Development Analyst in Finland is 45,580 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 45,580 EUR, and 50% of the population earn more than 45,580 EUR.

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 Development Analyst salary in Finland, 25% of the population are earning less than 34,240 EUR while 75% of the population earn more than 34,240 EUR.

75% of the population earn less than 59,480 EUR, and 25% of the population earn more than 59,480 EUR.

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 Development Analyst Salary by Experience Level in Finland

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 development 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 Development Analyst in Finland that has less than two years of experience can expect to earn somewhere in the region of 31,400 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Business Development Analyst salary would increase to 39,160 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Business Development Analyst, the average salary would be 53,380 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 60,460 EUR.
  • 15 - 20 Years Experience. A Business Development Analyst with 15 to 20 years of experience can earn an average of 68,900 EUR.
  • 20+ Years Experience. For a Business Development Analyst with more than 20 years, the expected average salary increases to 73,260 EUR.

Average Salary by Experience Chart

0-2 Years
31,400 EUR
2-5 Years +23%
39,160 EUR
5-10 Years +42%
53,380 EUR
10-15 Years +17%
60,460 EUR
15-20 Years +10%
68,900 EUR
20+ Years +6%
73,260 EUR

Business Development Analyst Salary by Education Level in Finland

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 Development Analyst in Finland 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 Development Analyst in Finland with a high school education can earn an average salary of 36,580 EUR.

  • Certificate or Diploma. A Business Development Analyst in Finland with a certificate or diploma education can earn an average salary of 40,600 EUR.

  • Bachelor's Degree. A Business Development Analyst in Finland with a bachelor's degree education can earn an average salary of 56,060 EUR.

  • Master's Degree. A Business Development Analyst in Finland with a master's degree education can earn an average salary of 73,260 EUR.

Average Salary by Education Chart

High School
36,580 EUR
Certificate or Diploma +13%
40,600 EUR
Bachelor's Degree +31%
56,060 EUR
Master's Degree +32%
73,260 EUR

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 Finland is around 23,400 to 70,300 EUR 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 Development 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 Finland, a male business development analyst will earn an average of 52,540 EUR, while a female business development analyst will earn around 49,300 EUR.

This means that a male business development analyst earns approximately 7% more than a female business development analyst for performing the same job.

Average Salary by Gender Chart in Finland

Male
52,540 EUR
Female -7%
49,300 EUR

Business Development Analyst Average Pay Raise in Finland

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 Development Analyst in Finland is around 12% every 15 months.

The national average pay raise across all professions and industries in Finland is around 8% every 16 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 = ( 12 ÷ 15 ) × 12  = 10%

What this means is that a Business Development Analyst in Finland can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Finland for 2024

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

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

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Business Development Analyst Bonus and Incentive Rates in Finland

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 Development Analyst is a high bonus based job, with 78% of employees reporting at least one bonus in the last 12 months.

22% 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 6% to 8%.

Received Bonus
78%
No Bonus
22%

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

Public Sector
59,380 EUR
Private Sector -6%
56,060 EUR

Salaries for Jobs Similar to a Business Development Analyst

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

Job Title Category Salary
Assistant Business Development Manager Business Planning 74,940 EUR
Assistant Merchandise Planner Business Planning 45,600 EUR
Business Advisor Business Planning 72,120 EUR
Business Analyst Business Planning 69,580 EUR
Business Consultant Business Planning 66,580 EUR
Business Continuity Associate Business Planning 41,660 EUR
Business Developer Business Planning 44,180 EUR
Business Development Associate Business Planning 34,280 EUR
Business Development Coordinator Business Planning 39,160 EUR
Business Development Director Business Planning 96,160 EUR
Business Development Engineer Business Planning 51,400 EUR
Business Development Executive Business Planning 72,380 EUR
Business Development Manager Business Planning 89,120 EUR
Business Development Specialist Business Planning 66,260 EUR
Business Manager Business Planning 83,020 EUR
Business Operations Specialist Business Planning 62,860 EUR
Business Process Writer Business Planning 39,080 EUR
Business Systems Analyst Business Planning 67,360 EUR
Capacity Planner Business Planning 48,560 EUR
Capacity Planning Supervisor Business Planning 64,720 EUR
Change Communications Analyst Business Planning 60,920 EUR
Change Control Analyst Business Planning 60,160 EUR
Change Impact Analyst Business Planning 66,440 EUR
Contracts Executive Business Planning 62,460 EUR
Corporate Strategy Analyst Business Planning 70,260 EUR
Cost Control Engineer Business Planning 46,400 EUR
Cost Controller Business Planning 50,080 EUR
Cost Estimator Business Planning 45,620 EUR
Data Executive Business Planning 37,740 EUR
Data Manager Business Planning 49,020 EUR
Data Processing Manager Business Planning 60,460 EUR
Development Researcher Business Planning 50,340 EUR
Director of Business Development Business Planning 99,340 EUR
Director of Production Planning Business Planning 84,880 EUR
Due Diligence Analyst Business Planning 70,940 EUR
Estimating Manager Business Planning 70,700 EUR
General Manager Business Planning 87,020 EUR
Incident Handler Business Planning 46,160 EUR
Incident Specialist Business Planning 56,060 EUR
Lean Consultant Business Planning 52,460 EUR
Manager Business Planning 91,960 EUR
Marketing and Business Development Manager Business Planning 77,100 EUR
Materials Planner Business Planning 26,280 EUR
Merchandise Assistant Business Planning 28,680 EUR
Merchandise Controller Business Planning 27,560 EUR
Merchandise Planner Business Planning 32,020 EUR
Operations Analyst Business Planning 58,720 EUR
Operations Manager Business Planning 66,260 EUR
Operations Research Analyst Business Planning 43,260 EUR
Planning and Reporting Manager Business Planning 70,880 EUR
Planning Director Business Planning 88,620 EUR
Project Administrator Business Planning 46,840 EUR
Project Manager Business Planning 69,240 EUR
Project Planner Business Planning 45,600 EUR
Research Assistant Business Planning 37,740 EUR
Research Engineer Business Planning 43,260 EUR
Research Officer Business Planning 34,540 EUR
Risk Management Specialist Business Planning 66,100 EUR
Scholarship Coordinator Business Planning 32,420 EUR
Store Planner Business Planning 31,040 EUR
Strategy Director Business Planning 91,580 EUR
Top Research and Development Executive Business Planning 96,160 EUR

Salary Comparison by City

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

City Average Salary
Helsinki 54,140 EUR

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