There is a burgeoning demand of professionals who can effectively recognize business requirements, devise solutions and execute plans that help businesses in accomplishing their goals. Known as ‘Business analysts’, such people work in a diversified range of industries across various job profiles. The business analyst job has become synonyms with IT specialists. As an analyst, you act as a viable link between business needs and the technology which is employed in the company.
Nowadays, the scope of business is very wide. You can work with the independent firm, where you need to use your expertise on particular projects, or you can work within a particular industry, like transport or banking.
Business analyst job requirements-
While it is not an exhaustive list, but an analyst would be expected to do the following tasks-
1= He needs to maintain cordial relations with clients
2= He has to make sure that all projects are following the deadline
3= He needs to develop and present ideas to the management
4= He imparts training to technical staff
There are no particular qualifications required to get a business analyst job, although, a bachelor degree is required for the entry-level business analyst position. Usually, top-notch companies prefer to hire candidates who have a degree in business administration. A prior experience would be an added benefit. These analysts come from different educational backgrounds. An IT background can be beneficial in certain areas.
Required skills and traits
In order to find a lucrative business analyst job, a person should possess strong technical knowledge along with communication skills. Apart from these, you should have the following traits-
1= Negotiation skills
2= Managerial ability
3= Persuasion skills
5= Team building ability
6= Strategic thinking
As there is a high demand of analysts in industries for improving business performance, employment of these professionals is likely to increase in a near future. The majority of jobs exists with big consultancy firms and you can also explore opportunities in large companies. Business analysts, backed with expertise and educational qualification, are set to enjoy flourishing career prospects. These analysts are required in almost all industrial sectors, including pharmaceutical, banking, telecommunication, insurance, etc.
Some of the popular job profiles exist in this domain are-
1= Data Analyst
2= Systems Analyst
3= Business Architect
4= Business Consultant
5= Business Process Analyst
6= Requirements Analyst
How much can you expect to earn?
In the past few years, the salary packages of business analyst have sky rocketed. The salary package would depend on a diversified range of factors, including location, company and experience. If you are working with a leading company, then you can easily earn Rs 50,000-80,000/month. Experienced professionals with advanced degree & qualifications can even earn Rs 1 lakh/annum. The IT analyst earns perks also.
Some of the top companies offering analyst jobs in India are-
5= Google India
8= HCL Tech
An analyst acts as the savior of the company, if it is moving towards troubled waters due to the bad business practices. When a company appoints a business analyst, then it not only helps in augmenting the functioning of the company, but it also makes it easy to interact with clients.