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Are you exploring challenging and exciting IT career opportunities? Do you wish to unleash your potential in analytical problem solving and building deep business acumen?
If yes, then there is a career path that exactly matches your expectations - that’s “Business Analysis”.
Business Analysis has gained momentum on the professional front as it is predicted that the number of Business Analyst jobs in the US will increase from current positions of 3,64,000 to 27,20,000. So far the Business analyst job has got a great outlook. Business analysis is a growth market as long as businesses are cropping up and needing the resource that could help them invest their resources and money in the right place and at the right time.
Now we know Business Analysis is a career for you to be in, in the following blog post, we will stress the sketch of the Business Analyst career path and understand “why to learn business analyst skills” “What are the required business analyst skills” and “how to learn business analyst skills”.
Business Analysts are analytical people who act as a bridge between the business’s objectives and IT. They ensure effective communication and flow of work between stakeholders, developers, and project team members to execute projects by cutting down costs and focusing on improving the quality of business processes & deliverables.
Business analysts help businesses define their priorities,, and get feedback and approval on business objectives. He/she forms a strategy based on those shared approved business objectives and turns them into a plan - ready to be executed by the IT staff and project members.
The role of business analysts depends on company to company and it is the most fast-paced and ever-evolving job profile one can ever be in.
Generally, there are 4 types of analysis a BA generally do:
Business Analyst delivers solutions in a lot of diverse types as data models, business plans, strategic plans, flowcharts, etc.
Let’s understand the Business Analysts role with a real-time example:
Suppose there is a bank called “XYZ” that wants to buy a loan management software from a software firm. The Business Analyst of the software firm would liaison with the bank team and his company’s technical team to help the bank get a thorough knowledge about the loan management software they are interested in integrating with their business system.
The BA would extract the loan processing requirements of the bank and would ensure that his company’s product is meeting the bank’s bottom line or not. If not, he would look into the gaps and create information-based technical solutions right along with IT staff to fill in those gaps and unsatisfied experiences of the business customer XYZ bank.
To acquire the best business analyst skills, it's crucial to possess knowledge of processes. In a technical product/services-based firm, a Business Analyst is responsible for collecting, understanding, analyzing, and documenting the business customer’s software requirements through strong business acumen.
The activities of BAs fluctuate from company to company and project to project, however, there are a few general obligations that he/she performs:
So, these are a few responsibilities of a business analyst. In the following section, we will identify the key business analyst skills required to become a successful professional in this profession.
Apart from a long list of soft skills, proficiency in technical skills helps them assess and improve the existing systems of the organization and address all the issues quickly and efficiently.
Business Analyst Skills list in Technical |
Details |
Software development understanding |
|
IT skills |
|
Domain Knowledge |
|
Understanding of Essential BA Tools |
Business analysts uses various types of software or tools to capture and manage their needs. Here are some of the commonly used software;
|
Apart from the soft and business analyst hard skills, Business Analysts should possess a plethora of resources to completely identify the business processes and assist the organizations with better productivity, efficiency, and profitability.
Business Analyst Skills list in Business Analysis |
Details |
Requirement Elicitation |
|
Decision Making |
|
Documentation |
|
Analytical |
|
Creativity |
|
Prototyping |
|
So, these are the business analyst core skills, that one must have to grow in this profession.
Now, we have a quick sketch of the Business Analyst profile, let’s take you around the reasons why you should think of learning the Business Analysts skills around the actual work industry requirements.
According to data from Indeed, the BAs with the right skills & knowledge can expect to earn an average salary between $79,273 to $131,315 per year.
Here are the few job titles and their average annual salary that falls under Business Analysis only - data compiled from PayScale - have a look!
Job Profiles |
Average Salary |
Senior IT business analyst |
$90,201 |
Business analyst III |
$78,107 |
Systems business analyst |
$78,095 |
Business solutions analyst |
$75,243 |
IT business analyst |
$74,000 |
$74,000 |
|
Technical business analyst |
$71,489 |
ITSM business analyst |
$66,891 |
Business intelligence analyst |
$66,791 |
Application business analyst |
$66,882 |
Junior IT business analyst |
$65,330 |
Business analyst II |
$64,981 |
Business performance analyst |
$60,678 |
Business management analyst |
$60,428 |
Every year, businesses are contemplating the importance of Business Analysts and are creating positions for skilled & trained professionals. The business Analyst job market is expected to grow at 19% by the next decade. Around 8,80,000 jobs are expected to be created for BA professionals by 2026.
With that type of growth, it is the best time to learn Business Analyst skills and make a career in it, with leading entities.
While it is not mandatory for gaining business analyst basic skills, this step will help you to add an advanced level skill set. After earning the certifications, start looking for some industry projects or internships as this will help to add to your knowledge base. Once you have the right knowledge and skills as a business analyst with real industry work exposure, apply that scored knowledge to fill in the full-time job applications. Also, check out these BA Interview questions to prepare yourself interview-ready!
Hopefully, you are clear now on how to become a business analyst and gain the required skill set.
Business Analysts skills and knowledge are required in diverse work industries like Finance, insurance, healthcare, software, hardware, telecom, government, eCommerce, supply chain, and many others. This means you get a great option to decide the type of work industry where you want to work and explore your career.
The top magnets like Microsoft, FedEx, American Express, Apple, Accenture, XPO logistics, Netflix, Ford, Amazon, and many others are incessantly looking for business analysts to meet their operational and technical efficiencies.
So these are the reasons why you should sit and learn Business Analyst skills.
Now wondering how to learn business analyst skills, next we are going to discuss the same.
Just 3 steps on how to learn Business Analyst skills from business analyst basic skills to advanced level:
Take the training knowledge to qualify and earn the Business Analysts certifications which are dominating in the job market.
The Business Analyst Certification Online you can consider approaching are:
This kind of Online Business Analyst Certification will assist in validating your knowledge and skills from the comfort of your home. If you are in the initial phase, it is better to go for the business analyst certification for beginners.
Take the training knowledge to qualify and earn the Business Analysts certifications which are dominating in the job market.
The Business Analyst Certifications you can consider approaching are:
Certifications will help in validating your knowledge and skills.
After earning the certifications, start looking for some industry-projects or internships as this will help to add to your knowledge base. Once you have the right skills and knowledge with real industry work exposure, apply that scored knowledge to fill in the full-time job applications.
Business Analyst Training & Certification
Business Analyst is a great profile to explore and make a splendid career in, why?... Why not?
From every inch, being a Business Analyst looks like cracking a steal deal. A profile that offers a stable career and an avalanche of career options - we don’t think these all reasons are less to narrate the benefits of learning business analyst skills, getting certified, and making a solid career as a Business Analyst with leading enterprises.
Still, battling with the “learn” or “not to learn” or the “Business Analyst Skills list” question? How would a quick career counseling sound to you?
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