Business Analysts (BAs) are one of the highest in-demand professionals in the world today due to the rapid increase in the production of data. As per the Bureau of Labor Statistics, the requirement for Business Analysts will increase by about 14 percent by the year 2024. Besides, unlike most career options today, the role of an Analyst is one that can not be automated, at least not in the near future.
The following topics are covered in this extensive blog on Business Analysts:
Let’s start by understanding Business Analysis and Business Analyst definitions.
What is Business Analysis?
Business Analysis is a combination of several techniques and processes that are necessary to understand the business requirements and come up with specific solutions for business issues. In the IT world that we currently live in, solutions mostly comprise organizational changes and improvements in business processes, along with the systems development aspect.
Professionals in this field also perform Business Analysis to identify the enterprises’ status and figure out the business needs. This process also helps in validating and defining business solutions that result in fulfilling the objectives, goals, and requirements of these enterprises.
Watch this comprehensive YouTube video on Business Analysis and professionals in this domain designed especially for beginners:
Now that you understand what Business Analysis is, let’s try to understand who Business Analysts are and what they do.
What is a Business Analyst?
As per the definition, IT Business Analysts are professionals who are mainly responsible for bridging the gap between the business and IT with the help of Data Analytics. These professionals work on determining business requirements, assessing business processes, and delivering data-driven reports and recommendations to business stakeholders and executives.
These professionals act as the connector, moderator, and mediator who bring together the business requirements using IT resources. They show versatility in performing distinct business processes across various departments, including finance, technology, operations, architecture, engineering, etc.
Further in this blog, we will discuss what these professionals do and what the numerous BA roles and responsibilities are in an organization.
What does a Business Analyst do?
On exploring the journey of a Business Analyst, you must get yourself acquainted with numerous responsibilities you need to fulfill. Professionals in this domain are responsible for increasing business efficiency and the impact of several business operations.
These professionals act as bridges that fill the gap between various departments in organizations in each development stage. You may end up comparing their role to that of a liaison between the aim of the stakeholders of the organizations and the latest and advanced-level technologies.
To understand their roles thoroughly and get familiar with the same, let’s check out some of the most significant roles and responsibilities of these professionals.
Business Analyst Roles and Responsibilities
Let’s get into the main topic around which this blog revolves, ‘What does a Business Analyst do?’ In this section, we will learn about their various roles and responsibilities in organizations they work in. Some of these are mentioned below:
- Figure out various opportunities available for making improvements in the processes and operations of the organization
- Modify or design numerous IT and business systems
- Interact with SMEs and business stakeholders to identify their issues and demands
- Work on the basis of various protocols and procedures
- Compile, document, and analyze the needs of the organization
- Design technical solutions and solve business issues
- Document the technical and functional designs of the system
- Interact with developers and Systems Architects to ensure the proper implementation of the system
From the above list, you might have understood the various Business Analyst requirements, along with the important roles and responsibilities a Business Analyst needs to perform in an organization. Now, you will read about the qualifications required to become a professional in this domain.
Business Analyst Qualifications
To pursue a Business Analyst career, there are a few qualifications that need to be fulfilled, and there are a few that you may wish to meet to get ahead in your career. One of the qualifications that you must possess to enter this profession is to have a bachelor’s degree in any field.
Although, having a degree in any of the fields of economics, computing, numeracy, and business is more preferred by company recruiters. Further, you must gain a professional qualification in this field by taking up a Business Analyst course and completing it from a well-known organization.
You have learned about the qualifications that you need to have to get into this profession. Now, let’s figure out the various skills that you must have to become a successful Business Analysis professional in a well-reputed organization.
Learn about the difference between Business Analyst and Data Analyst in our blog at Business Analyst vs Data Analyst.
Business Analyst Skills
To become an expert Business Analyst, there are a few skills that you need to have. Let’s read about the skills necessary to land a high-paying job in the field of Business Analysis:
- Analytical skills: Analyst professionals are required to process a vast amount of data, evaluate business expenses, and resolve complex issues in the organization.
- Technical knowledge: As a Business Analyst, it is not necessary for you to have programming skills. However, you need to have basic knowledge of the working of computers and other technical systems.
- Mathematical skills: Having expert-level skills in mathematics is one of the most significant skills that you need to have to become a Business Analyst. You must also be familiar with database programs, spreadsheets, financial analysis software, etc.
- You must upskill yourself in various Business Analyst tools, such as Trello, Jira, etc., for business assessment and collaboration.
- You should also know to perform stakeholder analysis, process modeling, requirements analysis, etc.
To acquire these skills, sign up for Intellipaat’s Business Analyst Course today!
In this training program, you will work on several industry-specific projects, which will provide you hands-on practical experience in solving real-time business problems. This is extremely beneficial in terms of gaining work experience to apply for jobs in well-known organizations.
Next, in this blog, let’s discuss numerous jobs available across organizations for these professionals.
Business Analyst Jobs
Major companies across the globe, such as Amazon, Salesforce, Xiaomi, Deloitte, Google, and more, are looking to hire Business Analysis professionals with proficient skills and experience in this domain.
Along with learning about the job opportunities available for these professionals, you need to get familiarized with the various job roles and the job descriptions as per different companies.
Business Analyst Job Descriptions
Below are the screenshots of some of the jobs posted on LinkedIn so that you can get an overview of what companies expect from a Analyst professional at distinct job roles and positions.
BA Job at Salesforce, Seattle
BA Job at Amazon, Bangalore
There are over 40,000 Business Analysis jobs available for professionals in the United States, according to the jobs posted on LinkedIn.
The United Kingdom has 5,000+ job opportunities for these IT professionals.
India, alone, has more than 7,000 job openings available for entry-level and advanced-level Business Analysts.
At Intellipaat, we will assist you in landing a lucrative job by helping you prepare your Business Analyst resume. We will also conduct several demo interviews to help you get comfortable with the questions that are generally asked during real job interviews.
Check out our Business Analyst Interview Questions blog and boost your career in this popular IT field.
Let’s further discuss the salaries earned by these professionals.
Business Analyst Salary
Business Analysts are not only one of the highest in-demand professionals in the world but they are also among the highest-earning.
As per Indeed, these professionals earn an average of US$80,000 per annum with an annual bonus of about US$4,000. Those with over 10 years of working experience are paid an average of about US$90,000 per annum.
According to Glassdoor, in India, these professionals earn approximately ₹650,000 per annum on entry-level, while experienced professionals can earn up to ₹1,300,000 per annum. For information, you can hop on our blog on Business Analyst Salary in India.
Now, you have read enough about who these professionals are, what they do, what their skills and qualifications are, the numerous job roles available for them, and more in this comprehensive blog. It is time for you to get ahead in your career by enrolling in one of the best online courses on Business Analyst from Intellipaat and master the skills required to become an expert in this field.