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Business Analyst Average Salary in Thailand 2021

How much money does a Business Analyst make in Thailand?


Average Monthly Salary
126,000 THB
( 1,510,000 THB yearly)

LOW
64,200
THB
AVERAGE
126,000
THB
HIGH
194,000
THB

A person working as a Business Analyst in Thailand typically earns around 126,000 THB per month. Salaries range from 64,200 THB (lowest) to 194,000 THB (highest).

This is the average monthly salary including housing, transport, and other benefits. Business Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Business Analyst Salary Distribution in Thailand

Median and salary distribution monthly Thailand Business Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Analyst salaries in Thailand range from 64,200 THB per month (minimum salary) to 194,000 THB per month (maximum salary).

  • Median Salary

    The median salary is 123,000 THB per month, which means that half (50%) of people working as Business Analyst(s) are earning less than 123,000 THB while the other half are earning more than 123,000 THB. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Business Analyst(s) are earning less than 84,400 THB while 75% of them are earning more than 84,400 THB. Also from the diagram, 75% of Business Analyst(s) are earning less than 155,000 THB while 25% are earning more than 155,000 THB.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Business Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Thailand Business Analyst
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Business Analyst salaries by experience level and this is what we found.

A Business Analyst with less than two years of experience makes approximately 72,000 THB per month.

While someone with an experience level between two and five years is expected to earn 94,000 THB per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 132,000 THB per month, 40% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Business Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 158,000 THB per month, 20% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 172,000 THB per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 185,000 THB per month, 8% more than people with fifteen to twenty years of experience.


Business Analyst average salary change by experience in Thailand

0 - 2 Years
72,000 THB
2 - 5 Years+31%
94,000 THB
5 - 10 Years+40%
132,000 THB
10 - 15 Years+20%
158,000 THB
15 - 20 Years+9%
172,000 THB
20+ Years+8%
185,000 THB
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Business Analyst Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Business Analyst(s) who have the same experience but different education levels.

Salary comparison by education level monthly Thailand Business Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Business Analyst salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Business Analyst is 86,200 THB per month.

While someone with a Certificate or Diploma gets a salary of 99,200 THB per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 139,000 THB per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 180,000 THB per month, 29% more than someone with Bachelor's Degree.


Business Analyst average salary difference by education level in Thailand

High School
86,200 THB
Certificate or Diploma+15%
99,200 THB
Bachelor's Degree+41%
139,000 THB
Master's Degree+29%
180,000 THB
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Thailand costs anywhere from 485,000 Baht(s) to 1,450,000 Baht(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Business Analyst Salary Comparison By Gender

Salary comparison by gender monthly Thailand Business Analyst
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Business Analyst employees in Thailand earn 13% more than their female counterparts on average.

Male
134,000 THB
Female-12%
119,000 THB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Thailand for all Careers

Salary comparison by gender monthly Thailand
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Business Analyst Average Annual Salary Increment Percentage in Thailand

How much are annual salary increments in Thailand for Business Analyst(s)? How often do employees get salary raises?

Business Analyst

Business Analyst(s) in Thailand are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Thailand Business Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Thailand / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Thailand is 6%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Thailand for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Business Analyst Bonus and Incentive Rates in Thailand

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Thailand Business Analyst
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A Business Analyst is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Business Analyst Average Hourly Wage in Thailand


730 THB per hour

The average hourly wage (pay per hour) in Thailand is 730 THB. This means that the average Business Analyst in Thailand earns approximately 730 THB for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Business Analyst VS Other Jobs

Salary Comparison Between Business Analyst and Business Planning monthly Thailand
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The average salary for Business Analyst is 22% more than that of Business Planning. Also, Business Planning salaries are 6% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Business Development Manager128,000 THB+2%
Assistant Merchandise Planner78,500 THB-38%
Business Advisor126,000 THB+0%
Business Analyst126,000 THB+0%
Business Consultant124,000 THB-1%
Business Continuity Associate71,700 THB-43%
Business Development Associate62,000 THB-51%
Business Development Coordinator71,100 THB-44%
Business Development Manager155,000 THB+23%
Business Development Specialist119,000 THB-5%
Business Operations Specialist115,000 THB-9%
Business Process Writer70,600 THB-44%
Capacity Planner83,200 THB-34%
Capacity Planning Supervisor113,000 THB-10%
Change Communications Analyst112,000 THB-11%
Change Control Analyst116,000 THB-8%
Contracts Executive125,000 THB-1%
Corporate Strategy Analyst122,000 THB-3%
Cost Control Engineer78,400 THB-38%
Cost Estimator82,700 THB-34%
Data Executive64,600 THB-49%
Development Researcher88,700 THB-30%
Due Diligence Analyst135,000 THB+7%
Estimating Manager132,000 THB+5%
General Manager151,000 THB+20%
Incident Handler87,700 THB-30%
Incident Specialist109,000 THB-13%
Lean Consultant96,800 THB-23%
Manager156,000 THB+24%
Materials Planner54,100 THB-57%
Merchandise Controller51,800 THB-59%
Merchandise Planner54,900 THB-56%
Operations Analyst112,000 THB-11%
Operations Research Analyst74,300 THB-41%
Planning and Reporting Manager138,000 THB+10%
Planning Director166,000 THB+32%
Project Administrator80,000 THB-36%
Project Manager121,000 THB-4%
Project Planner75,000 THB-40%
Research Assistant65,900 THB-48%
Research Engineer73,800 THB-41%
Research Officer60,300 THB-52%
Risk Management Specialist116,000 THB-8%
Scholarship Coordinator62,500 THB-50%
Store Planner59,200 THB-53%
Strategy Director167,000 THB+33%
Top Research and Development Executive182,000 THB+45%

Salary Comparison By City

CityAverage Salary
Bangkok (Krung Thep)133,000 THB
Chiang Mai129,000 THB

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Thailand earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
94,000 THB
Public Sector+7%
100,000 THB
Percentage increase and decrease are relative to the previous value

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