Business analysts help businesses streamline their operations and enhance the quality of products and services through data analysis. With the help of intensive research and analysis, business analysts provide solutions to business problems and help businesses prosper. Business analysts work closely with organizations and companies to understand their operations, requirements and provide data-based solutions or recommendations to the stakeholders.
Primarily, a business analyst’s role is to fill the gap between business and IT by leveraging data analytics tools and techniques. A highly skilled business analyst ensures that he collaborates well with the IT department and develops innovative strategies leading to cost-effective solutions and robust reporting. To have a profound knowledge of business operations, models, and techniques, prospective business analysts can take up a Business Analytics course and have a promising career. You probably have heard about a lucrative package of data analyst salary or a prestigious position of business analyst! But do you know what it means to be an analyst? Let us guide you here.
The job of a business analyst is quite close to that of an IT professional, and in a few organizations, you may find the business analyst role to be a technical one. Business analysts either work full-time solely for the organization they are associated with or collaborate with a consulting firm to provide business solutions. The duration for which a business analyst is involved in a business varies as per the project requirements. That is, either business analysts offer answers to the existing business problems or extend their association with the project by helping in the implementation of the solution. Typically a business analyst’s role and responsibilities include:
For a skilled business analyst, it’s imperative to possess both core and soft skills. So let’s learn what it takes to become a successful business analyst:
Core skills that every business analyst must have include:
The average salary of a Business Analyst in India is ₹606,893 per annum. With relevant experience, a business analyst in India can earn as high as 20 Lakhs per annum or even more. Let’s check out the average salary of business analysts in India as per their years of experience.
Career Level | Average salary (₹) |
Entry Level (<1 year) | 3,55,000 |
Early Career (1-4 years) | 5,15,000 |
Mid Career (5-9 years) | 8,30,000 |
Late Career (10-19 years) | 10,00,000 |
Experienced (20+ years) | 20,00,000 |
Thus, the business analyst can be a great career choice for those seeking a good salary package and having a keen interest in IT and analytics.
The role of a business analyst is critical, and thus having the right certification can help the business analysts to equip themselves with the required skills. A few prominent institutions offer an array of certifications for professionals interested in pursuing a rewarding career in business analysis. Here’s a list of such institutions and the respective certifications provided by them:
So, a business analyst primarily blends the concepts of IT and business to draw data-driven insights about the organization and its processes. Based on these insights, decisions are taken to make the operations smooth and prevent any likelihood of losses. After skimming through the article, we hope you are clear on the roles and responsibilities.
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