The Certified Business Analysis Professional (CBAP) certification can lead to a higher salary and better job opportunities. According to IIBA's 2023 salary survey, CBAP holders earn an average of 19% more than non-certified professionals globally. So Many people pursue this certification because it can lead to higher salaries and more job opportunities. 

How Much Can You Earn with a CBAP Certification?

CBAP certification can significantly increase one’s earning capacity. Salary figures vary depending on factors such as where one lives, one's experience, and one's job role. 

What does your CBAP certification salary depend on?

There are several factors that influence how much you earn with your CBAP certification:

• Experience: The more years you have worked as a business analyst, the more likely you are to become a business analyst. Your earning potential will also be higher. Professionals with more than 10 years of experience generally earn a higher salary.
• Location: Salaries vary by country and city. For example, business analysts in cities such as New York, San Francisco and London generally earn more than those in smaller cities.
• Industry: Certain industries, such as finance, insurance and technology companies, tend to pay more than other industries. CBAP-certified professionals in these fields tend to have higher-than-average incomes.
• Job role: Your specific role may also affect your salary. Senior Business Analyst, Principal Analyst and Project Managers with CBAP certification often earn more because they have additional responsibilities.

Why Does CBAP Certification Lead to Higher Pay?

CBAP Certification is the mark of quality and expertise. Employers know that someone with this certification has deep knowledge of business analysis practised and handles complex projects. This makes certified professionals valuable. So, companies are often ready to pay higher salaries to attract or retain their workforce. 

Is CBAP certification worth the investment?

CBAP certification can be a valuable investment in your career as a business analyst. But it must come at a cost. Both in terms of money and time

General Cost of CBAP Certification

Exam fee: approximately $450 (for IIBA members) or $575 (for non-members).

Application fee: $125

Training or educational materials: Costs range from $1,000 to $2,000.

Total investment: approximately $1,500 to $2,700.

Possible salary increase

With a CBAP certification, you can increase your annual salary by approximately $10,000 compared to a non-certified business analyst. If you invest about $2,000, you could make an additional $48,000 in five years. This shows that the economic benefits can be significant for every dollar you invest. You'll get your money back 24x within five years.

Final Thoughts

CBAP certification can open doors to better-paying jobs and more challenging roles in business analysis. If you are considering this certification, Keep in mind that your salary is likely to increase, making it a worthwhile investment in your career.