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 cannot be automated, at least not in the near future.
The following topics are covered in this extensive blog:
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.
Who 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.
Check out our blog on Top 10 Tools used by Business Analysts.
Business Analyst Roles and Responsibilities
In this section, we will learn about their various roles and responsibilities in the 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 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 the difference between Business Analyst and Data Analyst in our Business Analyst vs Data Analyst blog.
Business Analyst Skills
To become an expert, there are a few Business Analyst 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 Analysis 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 learn more about Business Process Analyst, go through our blog on What Does a Business Process Analyst Do?
Business Analysis Tools
There are several tools available in the market for Business Analysts to use. Here, we have listed the top 10 tools, along with their features that make them popular.
1. Modern Requirements
Modern Requirements is one of the best tools for Business Analysis. It offers a collaborative requirement analysis, definition, and elicitation and also helps professionals define the needs via text and visuals. Further, it supports a range of tools and techniques, such as smart docs, trace analysis, review management, etc.
Some of the features of this Business Analysis tool that makes it extremely popular are listed below:
- Planning boards and creating personalized dashboards
- Visualizations: Use cases, mockups, and diagrams
- Alice, an AI-built BA assistant
- Generation of personalized documents
- Online review, along with approval through e-signature
2. CASE Spec
CASE Spec is a tool used by Analysts to easily manage business projects with traceability. Further, it involves bug fixing, tasks, use cases, test cases, and other similar processes.
Here are some of the features of CASE Spec:
- Allows professionals to trace the work easily
- Enables organizations to specify their products through a specification editor or a trace graph
- Provides predefined templates
- Allows employees to share and use a centralized repository
- Offers the option to send auto and manual notifications
- Supports automatic concurrency control for a better multi-user environment
3. Adobe Acrobat X
Adobe Acrobat X makes it possible for professionals to make changes in the content or images in the PDF file format without having to leave it. This tool allows professionals to create, protect, and distribute the required PDF files. Moreover, they can also optimize the files and print them.
Some of the best features of Adobe Acrobat X are mentioned below:
- Changes can be made easily in the files
- While editing a PDF file, the already available paragraphs align on their own
- The content of the PDF files can be edited and updated from anywhere
- Offers automatic spell-check feature
ClickUp allows professionals to manage business tasks, chat, documents, etc. Further, it also enables them to assign and resolve various comments on tasks and set work priorities as per business needs.
The following are the features that make ClickUp one of the most in-demand Business Analysis tools:
- Offers the option to filter and sort tasks easily, allowing one to search for the necessary task
- Allows one to assign several tasks with a single click
- Can synchronize with Google Calendar
- Allows professionals to collaborate with other members of their teams
Nifty is among the best workflow solutions that are on top in terms of managing projects from the beginning to the end.
Listed below are some of the most useful features of Nifty:
- All the projects can easily be viewed in the dashboard
- Overview of the projects allows one to view the milestones achieved in each project
- Management of resources allows professionals to view the tasks of all the employees in the organization with complete transparency
- Its time-tracking feature allows managers to track the time taken for specific tasks
- Teams can track the budget through custom fields that offer tailored workflow
Blueprint helps companies create better applications as it allows them to align their business strategy with the technical execution of tasks.
Below are some of the features that make Blueprint rank in the top 10 tools for Business Analysis:
- Standardizes the use of compliances that are certified, reduces the risk of IT compliance, and ensures regulatory compliance
- Offers great reporting tools and dashboards
- Supports transformation in the company
- Enables company officials to get analytics and reports on all the projects
7. BIT Impulse
BIT Impulse is among the fastest, most stable, and secure BA tools, which allows professionals to quickly generate reports on large volumes of business data through its powerful analytical features.
Listed below are the various features of Bit Impulse that make it attractive:
- Offers a flexible administration
- Can be integrated with Microsoft Office
- Sends automatic reports via email
- Enables professionals to work online without having to worry about the bandwidth of the Internet connection
Axure allows organizations to develop prototypes, documents, and wireframes, and this is one of the main reasons why IT Consultants, Product Managers, and Business Analysts from major organizations in the world prefer this tool.
Some of the features of Axure are as follows:
- With the help of Microsoft SQL Server or MySQL database, professionals can run it on Microsoft IIS.
- Professionals can use Axure RP to build projects on HTML.
- It enables several individuals to work on a single file at the same time.
- It can be used to develop and manage widget libraries.
9. Enterprise Architecture
Enterprise Architecture allows company managers to build strategies, handle IT assets, work on business tasks, and review them.
Mentioned below are a few unique features of this tool:
- Allows organizations to improve their business outcomes
- Enables them to easily load large models within a few seconds
- Allows professionals to collaborate on a global level
- Supports real-time development
iRise is a tool that provides visualizations of various business software. It enables companies to interact with significant business systems before starting with the process of development.
There are numerous features in iRise that make it easy to adopt, including the following:
- It enables organizational administrators to manage users and monitor projects to gain insights.
- It provides live customer support.
- It supports seamless ALM integration.
- It enables managers to set up automatic revision tracking that helps them track changes instantly.
- Its flexible nature allows professionals to manage the business as per the needs of the organization.
To learn more about Business Analysts check out our blog on How to become a Business Analyst in 2021.
Business Analyst Certifications
There are several certifications available for professionals who wish to learn Business Analysis and build a career in this popular IT domain. Based on your requirements and the demands of the job you apply for, you can sign up for any of the following certifications offered by some of the top organizations:
in this blog, let’s discuss numerous jobs available across organizations for these professionals.
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 of BA 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 an 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 Salaries
Business Analysts are not only one of the highest in-demand professionals in the world but they are also among the highest-earning ones.
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 Analysis from Intellipaat and master the skills required to become an expert in this field.