The role of a business analyst is gaining paramount importance in current times. They are one of the most highly paid professionals today. However, to become a business analyst, there are a few skills you would require. In this article on how to become a business analyst, we'll take you through a business analyst's role and how you can successfully become one.
In today’s data-driven environment, organizations use data to unearth business patterns and to derive meaningful insights. With the available data, companies try to improve processes and make critical decisions.
A business analyst enables change in an organization by understanding and analyzing business problems and delivering solutions that will maximize its value to its stakeholders.
Business analysts bridge the gap between IT and business teams using analytics to evaluate processes, determine requirements, deliver data-driven solutions, and generate reports to executives and stakeholders.
They work closely with the technology team to enhance the quality of the services being delivered. They also help in assisting in the integration and testing of new solutions.
Now that you know who a business analyst is, let us walk you through a business analyst's responsibilities.
The job of a business analyst comes with several roles and responsibilities . Hence, before you understand how to become a business analyst, it is of utmost importance to clearly understand the duties carried out by a business analyst. Given below are some of the primary responsibilities of a business analyst:
Now that you know the roles and responsibilities of a business analyst, let us take you to the next section of this article on how to become a business analyst.
To successfully carry out the duties mentioned, you must have a rich technical and non-technical skill set. Listed below are the top skills you require to become a business analyst.
You should hold a degree in the relevant field. It is also useful if you carry sound domain knowledge along with relevant experience.
Business analysts must possess analytical skills, along with logical and critical thinking. This helps in interpreting business needs and choosing the best solution for a challenging business problem.
Excel helps create several graphs and helps generate dynamic reports related to a business problem.
A business analyst must have excellent negotiation skills. As a business analyst, you must achieve a profitable result for your company while keeping the client happy.
Knowledge of SQL and relational databases is required for a business analyst. This helps in accessing, retrieving, manipulating, and analyzing data. Working knowledge of Microsoft SQL Server , MySQL database, Oracle DB, and SQLite is crucial.
Knowledge of programming languages , such as R and Python , is a prerequisite. Programming knowledge helps in solving complex problems and performing faster data analysis.
Business analysts must know to work on various data visualization tools like Tableau , QlikView, and PowerBI. This will help them create reports and dashboards, forecast data, and make vital business decisions.
A business analyst should have good presentation and communication skills to interact with clients and stakeholders. To carry out documentation, they must also have superb writing skills.
Those were the skills required to become a business analyst. Now, let us walk you through a roadmap that depicts what steps a fresher needs to take to become a business analyst.
Moving on, we can take note of the roadmap mentioned below by experienced professionals to become a business analyst.
Now, let us go to the salary structure of a business analyst across different countries.
According to Glassdoor, a business analyst in the United States earns an average annual salary of 68 thousand and 346 dollars.
Fig: Business Analyst Salary in the U.S.
Meanwhile, in India, a business analyst earns an average annual salary of 7 lac rupees.
Fig: Business Analyst Salary in India
A business analyst in the United Kingdom earns an average annual salary of £40,000.
Fig: Business Analyst Salary in the U.K.
In Australia, business analysts earn an average annual salary of 90 thousand Australian dollars.
Fig: Business Analyst Salary in Australia
Now that you understand the salary range of a business analyst across various countries, let us look at the companies hiring business analysts worldwide.
The popular companies hiring for a business analyst position are CISCO, Capital One, American Express, WhatsApp, Google, Ernst & Young Global Limited, Amazon, and Dell, to name a few.
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Do you have any questions for us concerning ‘How to Become a Business Analyst’? Mention them in the comment section below; our experts will get back to you as soon as possible!
Source: www.simplilearn.com
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