Learn About Being a Business Systems Analyst
What does a business systems analyst do?
A business systems analyst assesses a company’s growth plans and finds ways to strengthen and expand them while focusing on improving efficiency in every department. They are also responsible for increasing a company’s profits by finding ways to improve their income and decrease expenses. Business systems analysts must know how to analyze current data to create new suggestions and budgets for the company.
Business systems analysts are also in charge of the following:
- Communicating with all departments: They may need to talk to managers in each department about any issues that arise that affect the team meeting goals or deadlines. Business systems analysts may need to schedule routine meetings with all managers.
- Researching business procedures: In this role, you may need to analyze the current company procedures and practices to determine how well they are working. You will likely also need to research new methods to continue to grow the business.
- Preparing detailed reports: Business systems analysts may need to prepare detailed reports based on their research and findings to present to their supervisors. They will gather large amounts of data and put these into charts, graphs or other formats that employees or clients can easily understand.
- Setting budgets: As a business systems analyst, you will likely be in charge of analyzing a company’s finances and finding areas to save money. You will set budgets for each department to follow and verify that the departments are staying within their budget.
- Making recommendations for changes: Business systems analysts must feel comfortable recommending new changes within the company and know-how to support their claims. They should also be able to answer any client questions regarding these proposed changes.
- Improving efficiency: They will review a company’s computer programs to recommend ways they can be more efficient with their work. Business systems analysts may suggest new programs to use to replace the current ones.
The average salary for business systems analysts depends on what industry they work in, their experience level and the job’s location.
- Common salary in the U.S.: $83,646 per year
- Some salaries range from $28,000 to $167,000 per year.
Business systems analyst requirements
All employers require a high school diploma, and most employers also require a bachelor’s degree in business administration or a related field. These fields may include management, economics, finance, accounting or psychology. Many also prefer candidates to have a Master of Business Administration degree as well. Aspiring business analysts can consider taking a class in analytics to understand what factors to look at when coming up with a strategic plan for a company.
Many employers may prefer a candidate who has a minimum of five years of experience in the industry. This gives the candidate a stronger background in the field. There is often on-the-job training once the employee begins. This training may be part of the onboarding process and will cover tasks and duties specific to the job as well as company policies.
Not all jobs require a Certified Management Consultant certification, but obtaining one can benefit the employee when competing for a popular job. Employers may recommend this certification to improve the employee’s skills. Candidates can earn this certification through the Institute of Management Consultants USA.
The certification includes some of the following requirements:
- Graduating with a bachelor’s degree
- Three years of consulting experience
- Passing an interview with certified management consultants
- Working at or owning an independent company
- Having proof of five clients being satisfied with prior performance
- Passing oral and written ethics tests
Business systems analysts must have a variety of skills to excel in the job. Having strong leadership qualities is important, as business systems analysts are in charge of multiple departments and ensuring deadlines and goals are met. They also need to have good communication skills to relay information to managers in the company and report their data to their superiors.
- Self-motivation: Business systems analysts must set their own goals and meet strict deadlines. They work with minimal supervision, so they must motivate themselves to achieve their objectives each day.
- Mathematical skills: Having excellent mathematical skills is necessary as business systems analysts look at the company’s profits and losses to create new budgets. They must also know how to make realistic budgets for the company. Analysts may use an accounting program to input the company’s financial data.
- Computer skills: Business systems analysts use computers often, so they should understand how to use different software programs. They may need to compile data into spreadsheets, create reports and presentations and email them to their employees.
- Analytical skills: Business systems analysts look at large amounts of data every day, so they must know how to analyze it. They will also present their findings to their superiors and managers, so they should understand how to present the information in a way that everyone can comprehend.
- Work with teams: They are responsible for communicating with multiple teams every week, so they should be able to work well with others. Valuable skills include being open to suggestions from employees about what they can do to improve the company’s procedures and finances.
- Creativity: Business systems analysts will need to solve any issues the company encounters. They will need to be creative and think of new solutions so the workflow is not interrupted.
Business systems analyst work environment
Business systems analysts tend to have full-time positions and may find themselves working overtime to meet deadlines. They may alternate their time between their client’s office and their own office, as some of them are self-employed. They can work in numerous industries, including telecommunications, healthcare, government and information technology.
How to become a business systems analyst
Most business systems analyst positions require some related experience and education. Candidates should take the following steps to become a business systems analyst:
- Obtain a bachelor’s degree. All employers require candidates to have a bachelor’s degree in a relevant business field, so you should complete this first. If you want to have a competitive edge, you can consider continuing schooling to obtain an MBA.
- Work in a related field. You should obtain a job in the industry you want to work in to gain experience before applying for a business systems analyst position. This can help you gain useful experience and knowledge necessary for the desired job.
- Apply for promotions. After several years in the industry, you can apply for promotions to take on more responsibilities. This will prepare you for applying for a business systems analyst position in a few years.
- Pass the Certified Management Consultant test. Earning this certification can give you an advantage over other candidates applying for the job. You will need to retake this every three years to stay current with the certification.
Business systems analyst job description example
Here is a sample job description for a business systems analyst:
Rains Solutions is seeking a qualified candidate for our business systems analyst position. They will be in charge of finding areas the company can grow and develop. They must be self-motivated and able to lead multiple teams within the company. They will be in charge of assessing the company’s current budgets and creating new ones based on research, so they should have strong analytical and math skills. A Bachelor’s Degree in Business Administration or a relevant field is required, and an MBA is preferred. The candidate should have previous experience working in the information technology industry for at least five years.
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