Certified Business Analysis Professional (CBAP) certification is for professionals with an extensive experience in business analysis. For those who still do not know what the CBAP certification is all about, then one crucial thing to know is that CBAP certification is offered by the International Institute of Business Analysis to those professionals who pass a comprehensive exam that revolves around the knowledge areas, business analysis best practices, and the concepts of business analysis.
If you are a business analysis professional, then you must know the importance of having the CBAP certification on your resume as it helps you gain massive acknowledgment at your workplace, enhances your knowledge, improves your daily work tasks, and helps in deriving excellence for your organization. Considering the myriad of benefits of attaining the CBAP certification, you might be wondering about the certification cost. In this guide, let us take a look at the cost that you will have to incur for the CBAP certification.
Cost components of CBAP Certification
When we talk about the cost components, we can come across three main sections, where the cost is fixed and may fluctuate for different regions. Here is a detailed overview of the different cost components as mentioned in the table below:
CBAP Cost Component Region I Region II Region III
Membership Fees $125 $85 $55
Application fees $125 $125 $125
Exam fees (IIBA-members) $325 $325 $325
Exam fees (Non-IIBA members) $450 $450 $450
As you see in the table, the only difference is for the application cost component. It is fluctuating for different regions. You can go through the list of regions mentioned below.
**Region I Countries
Australia, Austria, Bahamas, Belgium, Canada, Denmark, Finland, France, Germany, Greenland, Guernsey, Iceland, Ireland, Isle of Man, Italy, Japan, Jersey, Luxembourg, Monaco, Netherlands, Netherlands Antilles, New Zealand, Norway, Puerto Rico, Qatar, Spain, Sweden, Switzerland, United Arab Emirates, United Kingdom, United States, Virgin Islands, US.
**Region II Countries
Albania, Algeria, Angola, Antigua and Barbuda, Armenia, Bermuda, Bosnia and Herzegovina, Brazil, Brunei Darussalam, Cameroon, Chile, Colombia, Comoros, Congo, Costa Rica, Cote d’Ivoire, Croatia, Cyprus, Czech Republic, Dominica, Dominican Republic, Fiji, Hong Kong, Hungary, Indonesia, Israel, Jamaica, Jordan, Kenya, Korea, Lebanon, Malaysia, Maldives, Mali, Malta, Mexico, Nigeria, Panama, Poland, Portugal, Romania, Russian Federation, Saudi Arabia, Singapore, South Africa, Taiwan and more.
**Region 3 Countries
India, Sri Lanka, Pakistan, Argentina, Azerbaijan, Bahrain, Bangladesh, Belarus, Benin, Bhutan, Egypt and more.
You can find the complete list of regions on the official IIBA website.
Salary of a CBAP Certification Holder
Since CBAP certification is one of the most sought-after credentials offered by IIBA to professionals that meet an extensive set of eligibility requirements and clear the CBAP certification exam, which is quite challenging. However, as they say, ‘There is light at the end of the tunnel’, getting CBAP certified means a secure future as it will open new doors for you to enjoy global job opportunities and you can become an elite member of the IIBA business analyst professionals. The salary that you can expect after gaining the CBAP certification is as follows:
- As per Ziprecruiter, the average salary of a CBAP-certified business analyst is $114,633.
- As per the salary survey report published by IIBA, the average salary for a CBAP professional is $121,364.
- As per Glassdoor, the average salary of a CBAP-certified business analyst is $119,618.
Conclusion
So this was an overview of the CBAP certification cost that you have to incur if you are planning to take your business analysis profession to the next level. However, again your final cost investment may differ depending upon the study resources that you are going to purchase for the CBAP exam. You may come across many study resources along with the mandatory BABOK Guide for the CBAP exam. Apart from that if you are willing to take training classes, then you can expect to invest about $250-$280 USD. You can explore the CBAP Training courses at Techcanvass, which is one of the most recommended IIBA endorsed education providers. Techcanvass is currently offering a discount on its CBAP training courses.
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