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Technology Business Analyst Average Salary in Vietnam 2020

How much money does a Technology Business Analyst make in Vietnam?


Average Monthly Salary
17,600,000 VND
( 211,000,000 VND yearly)

LOW
8,990,000
VND
AVERAGE
17,600,000
VND
HIGH
27,100,000
VND

A person working as a Technology Business Analyst in Vietnam typically earns around 17,600,000 VND per month. Salaries range from 8,990,000 VND (lowest) to 27,100,000 VND (highest).

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

Technology Business Analyst Salary Distribution in Vietnam

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

  • Salary Range

    Technology Business Analyst salaries in Vietnam range from 8,990,000 VND per month (minimum salary) to 27,100,000 VND per month (maximum salary).

  • Median Salary

    The median salary is 17,300,000 VND per month, which means that half (50%) of people working as Technology Business Analyst(s) are earning less than 17,300,000 VND while the other half are earning more than 17,300,000 VND. 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 Technology Business Analyst(s) are earning less than 11,800,000 VND while 75% of them are earning more than 11,800,000 VND. Also from the diagram, 75% of Technology Business Analyst(s) are earning less than 21,800,000 VND while 25% are earning more than 21,800,000 VND.


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

Technology Business Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Vietnam Technology 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 Technology Business Analyst salaries by experience level and this is what we found.

A Technology Business Analyst with less than two years of experience makes approximately 10,100,000 VND per month.

While someone with an experience level between two and five years is expected to earn 13,200,000 VND 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 18,400,000 VND 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, Technology Business Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 22,100,000 VND 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 24,000,000 VND 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 26,000,000 VND per month, 8% more than people with fifteen to twenty years of experience.


Technology Business Analyst average salary change by experience in Vietnam

0 - 2 Years
10,100,000 VND
2 - 5 Years+31%
13,200,000 VND
5 - 10 Years+40%
18,400,000 VND
10 - 15 Years+20%
22,100,000 VND
15 - 20 Years+9%
24,000,000 VND
20+ Years+8%
26,000,000 VND
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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Technology Business Analyst Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Vietnam Technology 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 Technology Business Analyst salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Technology Business Analyst is 11,500,000 VND per month.

While someone with a Bachelor's Degree gets a salary of 17,300,000 VND per month, 50% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 25,700,000 VND per month, 48% more than someone with a Bachelor's Degree.


Technology Business Analyst average salary difference by education level in Vietnam

Certificate or Diploma
11,500,000 VND
Bachelor's Degree+50%
17,300,000 VND
Master's Degree+48%
25,700,000 VND
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 Vietnam costs anywhere from 86,800,000 Dong(s) to 260,000,000 Dong(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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Technology Business Analyst Salary Comparison By Gender

Salary comparison by gender monthly Vietnam Technology 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 Technology Business Analyst employees in Vietnam earn 19% more than their female counterparts.

Female
16,100,000 VND
Male+19%
19,300,000 VND
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Vietnam for all Careers

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

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

Technology Business Analyst

Technology Business Analyst(s) in Vietnam are likely to observe a salary increase of approximately 13% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Vietnam Technology 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.

Vietnam / All Professions

Annual Salary Increment Rate Vietnam
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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 Vietnam is 6%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Vietnam for the year 2019. 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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Technology Business Analyst Bonus and Incentive Rates in Vietnam

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Vietnam Technology Business Analyst
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A Technology Business Analyst is considered to be a moderate 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.

47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
53%
No Bonus
47%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Vietnam
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Where can you get paid more, working for a private company or for the government? Public sector Technology Business Analyst employees in Vietnam earn 8% more than their private sector counterparts.

Private Sector
16,600,000 VND
Public Sector+8%
17,900,000 VND
Percentage increase and decrease are relative to the previous value

Technology Business Analyst Salary Trend and Forecast in Vietnam

How are Technology Business Analyst salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Vietnam Technology Business Analyst
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Average Salary 2016
15,800,000 VND
Average Salary 2017+4%
16,400,000 VND
Average Salary 2018+2%
16,700,000 VND
Average Salary 2019+3%
17,300,000 VND
Percentage increase and decrease are relative to the previous value

Technology Business Analyst salaries in Vietnam are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Technology Business Analyst Average Hourly Wage in Vietnam


102,000 VND per hour

The average hourly wage (pay per hour) in Vietnam is 102,000 VND. This means that the average Technology Business Analyst in Vietnam earns approximately 102,000 VND 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.

Technology Business Analyst VS Other Jobs

Salary Comparison Between Technology Business Analyst and Information Technology monthly Vietnam
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The average salary for Technology Business Analyst is 3% more than that of Data Analysis. Also, Data Analysis salaries are 2% more than those of Information Technology.

Salary comparison with similar jobs

Job TitleAverage Salary
Business Intelligence Analyst17,300,000 VND-2%
Business Systems Analyst14,900,000 VND-15%
Data Quality Analyst16,800,000 VND-5%
Director of Application Development20,500,000 VND+16%
Disaster Recovery Analyst16,100,000 VND-9%
Enterprise Infrastructure Architect19,300,000 VND+10%
ERP Analyst17,500,000 VND-1%
Functional Analyst16,700,000 VND-5%
Information Technology Training Analyst17,100,000 VND-3%
OPS Manager19,000,000 VND+8%
Reporting Analyst16,600,000 VND-6%
Salesforce Administrator15,300,000 VND-13%
SOA Analyst17,800,000 VND+1%
Software Analyst17,100,000 VND-3%
Software Architect16,600,000 VND-6%
Software Engineer17,400,000 VND-1%
Solutions Architect18,900,000 VND+7%
Systems Analyst15,900,000 VND-10%
Systems Architect17,000,000 VND-4%
Technical Analyst14,500,000 VND-18%
Technology Business Analyst17,600,000 VND-0%

Salary Comparison By City

CityAverage Salary
Da Nang15,900,000 VND
Ha Noi17,800,000 VND
Hai Phong15,900,000 VND
Thanh Pho Ho Chi Minh18,100,000 VND
10416667 - 3

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