Have you, or someone you know, ever look into becoming a professional analyst?
A Business Analyst (BA) can make anywhere from 25k to 120k, depending on experience and position seniority, according to ZipRecruiter in December 2020.
Common questions consultants receive are often position or goal related, and we are here to share the secrets! Overall, our research has determined that becoming a BA can be a rewarding and relatively easy career route to get into if one has the motivation, background knowledge, and detail oriented focus to do so. Here is what you need to know:
What is a Business Analyst?
A BA is an individual who acts as a link between non-technical business stakeholders and IT help. The analyst translates and reports to each team member and encourages the optimization of business to client operations by studying analytics suggesting specific tactical improvement steps.
How to Become a Business Analyst
Depending on your current level of proficiency, some BA careers focus more on technological characteristics while other concentrate on leadership abilities. Here is more information on tips to boost the chances in favor:
Have Related Background – Prior interests and computer courses are a great asset to have, especially when pursuing an analytical career. However, 3-5 years of work experience in a related field can definitely help if one is still studying.
Get Certified – Genuine skill, knowledge, and work experience are a great start, but if there is no degree to back up prior knowledge, a certification or two can really help a resume sparkle!
Continuing Education – While working or not, become an intern if possible or study and work in related fields. Computer courses are always a great option for budget planning as well!
Pursue a Degree – Most Business Analysts will have a bachelor’s or undergraduate degree in finance, accounting, business administration, or similar. While a degree is most often required, there is a trending circumstance that more and more companies are seen to deeming a degree unnecessary, if there is a solid work history.
What are the Requirements?
- A bachelor’s degree in business, related field, or MBA
- 3-5 years prior work experience in analytics
- Ability to track trends and create digital reports (typically with programs such as PowerBI or Microsoft applications)
- Advanced technical skills
- Ability to maintain good relationships with clients
- A history of successfully implemented projects
- Ability to lead and support teams on deadlines and commitments
- Fundamental analytical and critical thinking skills
Different Business Analyst Roles
Business Process Analyst (BPA): This person focuses on the business side rather than the technical support side.
Business Systems Analyst (BSA): Typically, this person will be the exact opposite of a BPA and will concentrate on the technical systems and processing side.
Generalist Business Analyst (GBA): Started off as a BPA or BSA and have more developed skills to focus on both sides.
Independence and flexibility – Independence will take some time to come with any job, but for the most part, analysts are a solid supporting role within a company and the good news for anyone aspiring to be a BA, is that the role frequently requires interacting with all levels of management. This means that there are little to no repeatable procedures in place and many Business Analysts will have the liberty to execute tasks independently.
Stimulating – Being a professional in anything will always have moments of problem solving, however, analysts seem to find themselves wrapped in optimizing data and sorting through problems for functionality, and sometimes, marketing purposes. Each day will be different!
Helping Others – Whether client or management team, the Business Analyst acts as a translator to both parties on figuring out the best solutions for presenting company growth. For some, this can be the most rewarding experience.
Stand Out – Having a career or solid experience as a BA looks impressive on a resume. There are many opportunities within the role that allow for significant change and accomplishments that only a Business Analyst can do. Anyone can take this experience with them into another career path or move their way up into a project manager. The average salary for a project manager is $102,082 according to ZipRecruiter, which is equivalent to earning $49 per hour!
Demand – As many companies and small businesses are trying to expand, a digital presence is a MUST, and not just in the social media realm, but organizing data in strategic ways to track trends and capitalizing on the upper hands. A Business Analyst has been an in-demand, highly sought for, and highly skilled position, and will always be as long as companies continue to utilize the Internet. There are currently over 900,000 BA positions open as of 2020 and Amazon alone is employing over 100,000.
Additional Analyst Jobs
- Business Consultant
- Marketing Specialist
- Product Manager
- Requirements Manager
- System Analyst
- Data Analyst
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