Business Analyst Jobs - Roles & Responsibilities, Salary, and Requirements
posted:4 years agobyMarry JoJoin Graduates
Are you an excellent problem solver with a graduation degree? You should consider becoming a business analyst. This new job role has emerged with the advancement of technology and IT Field. It's high in demand, and you can earn great.
How much does a Business Analyst Make?
Before I get to any further information, I would like to tell you about the business analyst salary range that is something between $50,000 to $90,000. It means you can make five-figures with this role. The purpose of sharing the salary details at first is to give you enough money motivation.
Is it a Challenging job?
Of course, it is a challenging job, and you need to become an "Agent of Change" for a small or big organization. There will be a project with a deadline to meet and reporting to complete with accuracy. Most of the time, you will stay in the office, but other times, you might go out to collect some data.
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What Does a Business Analyst Do?
A business analyst is a professional who is going to bring improvement in product, processes, services, software, and hardware. He will guide the business on how to make changes and bring improvement by doing proper data analysis and then sharing reports of this analysis with facilitators, business owners, and stakeholders.
What are the Roles and Responsibilities of a Business Analyst Job?
We are living in the 21st Century when people are preferring a printed letter over an email or text, where customers are placing orders through WhatsApp.
Everything has changed a lot from the last decade. To stay competitive in this dynamic world, companies rely on business analysts.
The primary role of a business analyst is to help businesses implement IT solutions in the most cost-effective manner. He identifies the requirements of a product or process through data analysis and then submits a data-driven analysis report to stakeholders.
The main goal of hiring business analysts is to bring improvements in the product, services, software, hardware, and processes of a small and big company.
There are many ideas to bring improvement and make those changes. But not every idea is good. The best approach is one that is
- Technologically feasible
- Financially sound
- Functionally possible
Therefore, a business analyst needs to work with finance, IT, and project department at the same time. He gets all the data and then analyzes it correctly to establish a report.
What are the Key Skills of a Business Analyst?
Here are some skills required.
Problem Solving - As I told you before, you can be a good business analyst if you like to solve problems. Every organization has some set goals in mind for a product. Your job is to meet those goals. In simple words, you will identify issues and come up with the best solutions, so an organization remains competitive in the field. You are the one who is going to bridge the gap between IT and business requirements, so, in the end, you can make some improvements.
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Communication Skills: You must know how to communicate well as the job of a business analyst depends a lot on reporting and interactions. You will interact with other departments and higher management. Your written and verbal communication must be top-notch.
Math Skills: As you are going to extra data and interpret it through different modules and software, therefore you must have some mathematical skills.
Computer Skills: You don't need to be a programmer or coder to become a business analyst. However, you can go when you know how the system works. You are going to use some business tools and programs such as MS Word, MS Excel, MS PowerPoint, etc. Sometimes, you are going to make graphs to add to your report while other times, you might have to create an attractive presentation to showcase all your findings from data analysis to stakeholders.
A list of hard and soft skills of a Business Analyst Job includes:
- Attention to Detail
- Budgeting
- Report Writing
- Stakeholder analysis
- Consultative skills
- Interpersonal skills
- Cost to benefit analysis, review
- Understanding of the business structure
- Requirement Engineering
- Process Modeling
How to Become a Business Analyst?
As far as EDUCATION is concerned, you can become a business analyst after your graduation degree. You can study the following subjects in your graduation statistics, finance, accounting, business administration, economics, political science, or sociology.
Know What jobs you can get with a Business Degree
Do you have a master's in business or IT? You can get a better salary if you get a master's in business analysis. It will give you an edge over other job applicants.
What about the Experience of a Business Analyst Job?
Just like every other job, it also requires some experience that you can get from an entry-level position. There are tons of junior-level IT and business analysts jobs available with good pay, go for it, and gain experience.
What makes your Business Analyst Resume More Attractive?
Once you have education and experience, you can quickly get instant attention from your hiring manager by adding details of business analyst certificates such as IIBA™CBAP™ certification. You need to pass an exam to get this certificate. Employers prefer a candidate with this sort of certification. Explore the latest Business Analyst jobs now.