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.

    Who Is a Business Analyst?

    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.

    Responsibilities of a Business Analyst

    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:

    1. A business analyst identifies an organization's business objectives and problems and comes up with lucrative solutions.
    2. They comprehend and collect business requirements from clients and stakeholders. 
    3. Business analysts interact with the development team in order to design a solution for solving a particular problem. 
    4. They proactively provide feedback on a software application's layout and implement the newly designed features that a business needs.
    5. Business Analysts gauge the functional and non-functional requirements in a business.
    6. They conduct regular meetings with stakeholders and clients to discuss business issues and solutions. 
    7. Business analysts are responsible for validating the status of a project with the help of user acceptance testing. They ensure if the business solutions are in line with the clients’ requirements. 
    8. A business analyst documents and builds data visualizations to convey all the project findings.

    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.

    Skills and Steps 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.

    1. Degree and Domain Knowledge

    You should hold a degree in the relevant field. It is also useful if you carry sound domain knowledge along with relevant experience.

    2. Analytical Skills

    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.

    3. Microsoft Excel

    Excel helps create several graphs and helps generate dynamic reports related to a business problem. 

    4. Negotiation Skills

    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. 

    5. SQL

    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.

    6. Programming

    Knowledge of programming languages , such as R and Python , is a prerequisite. Programming knowledge helps in solving complex problems and performing faster data analysis.  

    7. Data Visualization

    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.

    8. Communication Skills

    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.

    • First, have a graduation degree in a related field. 
    • Second, learn SQL and other relational databases. 
    • Third, have good hands-on experience with programming languages.
    • Finally, be good at both written and verbal communication and practice to become good at presentations.

    Moving on, we can take note of the roadmap mentioned below by experienced professionals to become a business analyst.

    • As mentioned earlier, a graduation degree is mandatory.
    • Knowledge and experience in writing SQL queries. 
    • Expert knowledge of programming languages. 
    • They need to have good communication and negotiation skills.
    • Good at creating interactive reports using various business intelligence tools. 
    • Having a certification offered by the International Institute of Business Analysis (IIBA) such as Certified Business Analysis Professional (CBAP) would be highly beneficial.

    Now, let us go to the salary structure of a business analyst across different countries.

    Salary Structure of a Business Analyst

    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.

    Are you looking for career growth in Business Analysis? Then sign-up for our exclusive PGP In Business Analytics course and solve complex business problems quickly!

    Are You Ready to Become a Business Analyst?

    Now that you know who a business analyst is, the roles and responsibilities of a business analyst, the steps on how to become a business analyst, you’re all set to start your business analytics career. 

    For all business aspirants out there, the "Business Analyst" Master's Program provided by Simplilearn is a brilliant choice. This certification will help you become a business analyst. To know more about this master’s program, click on this link: Business Analyst Simplilearn .

    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!

    How do I become an IT business analyst?
    How to become an IT Business Analyst
    1. Complete a bachelor degree in business administration, information systems or a related field.
    2. Familiarise yourself with the International Institute of Business Analysis™ BABOK® Guide.
    3. Gain work experience.
    4. Apply for certification.
    more
    Can a financial analyst become a business analyst?
    A person must have a bachelor's degree in finance, economics, and economics to become a financial analyst. To become a business analyst, one must have an educational qualification in management, accounts, finance, and IT. A financial analyst's skills include financial planning. more
    Is financial analyst and business analyst the same?
    A financial analyst is tasked with researching, analyzing, and interpreting financial and accounting information. A business analyst is responsible for analyzing a company's technological systems and business processes as they relate to the company's operations. more
    Is business analyst the same as financial analyst?
    The biggest distinction between a financial analyst and a business analyst is that a financial analyst deals more with investments while a business analyst deals more with operations and management. It comes down to the field in which you feel more confident and knowledgeable. more
    Who earns more financial analyst or business analyst?
    The average salaries for business analysts and finance analysts differ based on the company they work for, the location they work in and the amount of professional experience they have. Typically, business analysts make an average of $79,433 per year , whereas a financial analyst makes an average of $71,511 per year . more
    Who earns more business analyst or financial analyst?
    The average salaries for business analysts and finance analysts differ based on the company they work for, the location they work in and the amount of professional experience they have. Typically, business analysts make an average of $79,433 per year , whereas a financial analyst makes an average of $71,511 per year . more
    Can a finance analyst become business analyst?
    A person must have a bachelor's degree in finance, economics, and economics to become a financial analyst. To become a business analyst, one must have an educational qualification in management, accounts, finance, and IT. A financial analyst's skills include financial planning. more
    Can financial analyst become business analyst?
    A person must have a bachelor's degree in finance, economics, and economics to become a financial analyst. To become a business analyst, one must have an educational qualification in management, accounts, finance, and IT. A financial analyst's skills include financial planning. more
    Which is better business analyst or data analyst?
    Data analysts tend to work more closely with the data itself, while business analysts tend to be more involved in addressing business needs and recommending solutions. Both are highly sought-after roles that are typically well-compensated. more
    Which is better business analyst or financial analyst?
    The biggest distinction between a financial analyst and a business analyst is that a financial analyst deals more with investments while a business analyst deals more with operations and management. It comes down to the field in which you feel more confident and knowledgeable. more
    Is business analyst and financial analyst same?
    A financial analyst is tasked with researching, analyzing, and interpreting financial and accounting information. A business analyst is responsible for analyzing a company's technological systems and business processes as they relate to the company's operations. more

    Source: www.simplilearn.com

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