How to Become a Business Analyst
Updated on 18th Apr, 22 299 Views

Business analyst is a very responsible job profile. There are many things that you need to know if you want to follow Business Analyst career path. So, here is the list of things that we are going to discuss in this blog.

Watch Intellipaat’s YouTube Video on How to Become a Business Analyst.

Before going through the steps of how to become a business analyst. Let us discuss who is a business analyst.

Who is a Business Analyst?

A profile of a business analyst is becoming progressively vital to effective business tasks. They are responsible for understanding the changing business needs, assessing the effect of these changes, recognizing and examining necessities, reporting, and working with correspondence with both the technical and business teams. They contribute effectively to an association’s productivity and supportability.

A lot of people believe that a business analyst makes money for a company. While that is not completely true, the work that a business analyst does in a company affects the finances of the company. The job of a business analyst revolves around reducing the gap between the IT department and the business processes. They use data analytics to analyze the process, requirements, and give important recommendations from their findings.

Business analysts are also responsible for making business leaders as well as users understand how business analysis can improve organizational and operational efficiency. They give recommendations based on what is technologically, functionally, and financially reasonable. Business analysts can change how work is conducted in businesses, for-profit or non-profit, or government organizations.

What Does a Business Analyst Do?

Business analysts have to be in touch with all stakeholders, and have to explain, analyze, and recommend the need for changing business processes, policies, and information systems. It is the job of business analysts to steer companies toward enhanced efficiency, profitability, and productivity.

A business analyst does the following things:

  • Come up with solutions for improving the existing business processes
  • Know the steps or tasks that need to be implemented to support their recommendations
  • Design the new features that have to be implemented
  • Run an analysis on the impact of the new features
  • Implement the new features according to their findings

How to Become a Business Analyst?

In this section, we are going to discuss the various factors that will help you in becoming a successful business analyst. This section includes the primary qualification and skills needed to become a business analyst. This section also includes the career options that are available in the domain of business analysis.

Business Analyst Qualification Requirement

If you want to pursue a career in business analysis, earning a bachelor’s degree is essential. If you are about to start your studies, then pick business, accounting, economics, information systems, human resources, or other related fields. If you have already completed your bachelor’s degree in other specifications, don’t worry there is no particular need for only certain specifications.

A master’s degree in business administration (MBA) will be more supportive for you in interviews. However, a bachelor’s degree is sufficient to enter the field of business analysis.

Become a Business Analyst Master

Acquire Business Analyst Skills

Wondering how to be a good business analyst? To become a successful business analyst, you need to enhance your skills. The top five business analyst skills are mentioned below:

  • Business Analytics
    Business analysts, as the name implies, are responsible for analyzing the business strategies. They should be able to deal with analysis. So, they need to become experts in business analytics. Business analysts should have the basic analytical skills of probability and statistics.
  • Problematic Skills
    All businesses are prone to complications. Business analysts have to predict the consequences and should have the problematic skills that help businesses to overcome challenges. 
  • Communication Skills
    As previously mentioned, business analysts are the bridge between the business and technical team. So, they must have excellent communication skills in order to work with all teams as well as clients and stakeholders. Good communication skills help business analysts to negotiate with anyone and ensure that everyone understands their point of view.
  • Stakeholder Analysis
    Stakeholder analysis is an excellent way to ensure that a high-quality product is delivered. It aids in comprehending the point of view of the product’s various stakeholders and the degree to which they can influence the project. Stakeholder analysis identifies and eliminates several obstacles for better understanding a project’s development.
  • Technical Skills
    When considering the technological skills required by business analysts, database analysis, data visualization, frameworks, and systems come to mind. Market analysts serve as liaison between professional and business people, so business analysts too need to be up to date on their technical skills.

Enroll in our Business Analyst course in Hyderabad to learn from experts and get certified!

Get Online Certification

You may obtain certifications to show your core competencies and learn about the latest software and technology. Certifications can be especially useful if you want to advance your career. While unique certifications may not be required by employers, having one in your preferred field of expertise will help you stand out.

Some of the best certifications offered by International Institute of Business Analysis (IIBA) are Entry Certificate in Business Analysis (ECBA), Certification of Competency in Business Analysis (CCBA), Academic Business Analysis Certificate (ABAC), Certified Business Analysis Professional (CBAP).

Enroll in a course that will help you gain the required technical skills and knowledge about the various business analysis tools and also help you get certified by IIBA.

Get yourself prepared for the CBAP examination by enrolling in our CBAP Certification course!

Gain Hands-on Experience

In order to succeed in any profession, you must have hands-on experience. As a result, begin your career as an intern or junior business analyst. This will assist you to know how to be a business analyst by learning more about the resources and technologies available and how they are used by companies. You will also learn how companies operate and what a business analyst’s roles and responsibilities are so that you can perform better at higher positions in the future.

So, if you’re wondering how to become a junior business analyst. Don’t be concerned; simply improve your technical and soft skills and apply for a position as a junior business analyst, and work effectively under the supervision of a senior business analyst to fulfill all of your responsibilities.

Apply for a Job 

After having all the skills and experience, you will be eligible to apply for a business analyst job. Before applying to a company, don’t forget to update your resume. Since the first impression is the most important, use your resume to catch the interviewer’s attention.

Remember to include, in your resume, all of the skills you learned from online courses as well as tasks you worked on at previous jobs, then check out the job openings for business analysts at various companies. Apply for a job. Do some preliminary research on the company and its requirements, and prepare accordingly. Undoubtedly, you’ll get a job.

Preparing for a Business Analyst interview? Intellipaat has a set of Business Analyst Interview Questions that will help you crack your interview.

Business Analyst Job Roles

The following are the top five career opportunities for business analysts:  

  • IT Business Analyst – An IT Business Analyst focuses on improving all IT operations within a company. They are responsible for analyzing all the software, hardware, and the IT operations employed by the company. The average salary for an IT Business Analyst in India is ₹611,846.
  • Data Analysis Scientist – A Data Analysis Scientist analyzes data to reveal information about specific topics. They gather the required information through surveys, interpret it and then present it in data or reports. The average salary for an Data Analysis Scientist in India is ₹860,316.
  • Business Analyst Manager – Business Analyst Managers are responsible for managing a team of analysts who will develop, implement, and gather data. A Business Analyst Manager oversees their coaching. The average salary for a Business Analyst Manager in India is ₹800,000.
  • Quantitative Analyst – A Quantitative Analyst uses mathematical models to support all the financial decisions on risk management, pricing structures, and investments. Their main goal is to reduce business risks while setting the company up for maximum profit. The average salary for a Quantitative Analyst in India is ₹1,018,422.
  • Data Business Analyst – A Data Business Analyst works with huge data sets to identify trends, create charts and visual representations, to help with business decisions. The average salary for a Data Business Analyst in India is ₹833,165.

Business Analyst’s Salary?

In this section, we will take a look at how much a business analyst earns annually.

Business Analyst Salary Trends as per Experience Level

According to PayScale, the average annual salary for a business analyst in India is ₹607,006.

An entry-level Business Analyst with experience of less than a year, can expect to receive ₹354,534 annually in India, including tips, bonus, and overtime.

An early-career Business Analyst with 1-4 years of experience can earn ₹514,652 as their annual salary. A Business Analyst with 5-9 years of experience, or mid-career level, can expect ₹829,344 as their annual salary.

An experienced Business Analyst with 10-19 years of experience can get ₹1,245,341 as their annual salary. Business Analysts with a late career, over 20+ years of experience, can receive ₹1,709,173 as their average annual salary.

As you can see, the salary trends for the profile of a business analyst in India are quite high. So, if you want to pursue a career as a business analyst, now is the right time to do so.

Get detailed insights on business analyst salary trends in India by following our blog on Business Analyst Salary in India.

Conclusion

These days, companies have huge data access and the demand for a business analyst is widely increasing. Whether you are looking to start your career as a business analyst or you want a career change, the profile of a business analyst is a very promising prospect. 

Intellipaat offers a Business Analyst course, in association with IIBA, in which you will get a thorough understanding of business analyst core competencies, requirement preparation and elicitation, project management, tools and strategies, business process modeling, etc., in addition to hands-on projects and assignments. So, if you’re looking for comprehensive training from experts, look no further and enroll now!

Course Schedule

Name Date
Business Analyst Course 2022-05-21 2022-05-22
(Sat-Sun) Weekend batch
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Business Analyst Course 2022-05-28 2022-05-29
(Sat-Sun) Weekend batch
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Business Analyst Course 2022-06-04 2022-06-05
(Sat-Sun) Weekend batch
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