What does a Business Analyst do?
Business Analysts typically work for corporations across a variety of industries to provide an external perspective on company operations and necessary steps to maintain a successful business. They use their professional experience within a particular industry to identify business needs and help companies to evolve. Their job is to coordinate with executives, department heads and IT personnel to streamline business processes and increase productivity among employees. They may also assume a leadership role to oversee the implementation of their business ideas and ensure their success.
Business Analyst skills and qualifications
A successful Business Analyst candidate will have various prerequisite skills and qualifications needed for fulfilling the job duties. Let’s consider some of them. Examples of Business Analyst skills include:
Excellent written and verbal communication skills
- Great analytical, critical thinking and problem-solving abilities
- Superior presentation and negotiation skills
- Strong management and organizational skills
- Adaptable and capable of working in fast-paced environments
- Two or more years of Business Analyst experience
- Bachelor’s degree or higher in business analysis, business administration, finance or related field
Business Analyst salary expectations
A Business Analyst earns an average salary of $75,165 per year and has a work tenure of one to three years. Indeed has based salary estimates on 6,614 salaries gathered from current and past Indeed job advertisements as well as from anonymous input from site users and people working as Business Analysts.
Business Analyst education and training requirements
A bachelor’s degree is the minimum requirement for entry-level Business Analyst jobs, but advanced positions may require a master’s degree or higher. The graduates or post-graduates can have an educational background in a range of study programs, including business, computer science, engineering, science, business management, finance, economics, accounting, marketing and statistics. Additionally, to stay current with industry requirements, they may pursue continuing education certifications in business analysis. They should make sure to obtain these from reputable, accredited educational institutions. Since such voluntary certification demonstrates a dedication to the profession as well as a determination to keep up with industry developments, employers are often more likely to consider hiring these candidates.
Business Analyst experience requirements
In entry-level positions, Business Analysts will typically work under senior analysts or as part of a team. After three to five years in the role, they may gain enough experience to branch out to work in independent positions. In this capacity, they may interact with senior management, high profile stakeholders and diverse professionals. Further, along with demonstrated analytical and conceptual thinking skills, it will help Business Analysts to have an in-depth understanding of organizational data flow and its use in management decision-making. For their analysis work, they must also have some technical experience with Python, Apache Spark, NoSQL/Hadoop, SQL, Data Visualization, Machine Learning, Artificial intelligence and more.
Job description samples for similar positions
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