Last updated on October 13th, 2022 at 09:53 am
Business Analyst plays a crucial role from start to finish in the process of data analytics and extracting information from databases for the valuable data-driven insights into the business. Also, take into account that data is an organizational asset today and is constantly growing by the nanosecond causing technology to change with it.
Since data is here for the long haul, it creates a job market driven by a huge need for professionals in the analytics process. Though reputed training institutes like Imarticus Learning produce excellent career aspirants the supply positions are dismally low. Business analyst has no shortage of jobs in the next decade at the very least!
The process of data analytics carried out by the business analyst is quite comprehensive and begins with cleaning and aligning the multiple sources of data. He then uses his Business Analyst training and tool kit comprising of several suites of languages specifically designed for extracting trends, forecasts, and insights which he reports in his presentations to the business decision makers.
The decision makers then use these actionable insights to make strategic business decisions which impact the organization's profitability, productivity, and efficiency.
Being a key player in the organization means he is a master of the web with a repertoire of programming languages and techniques. This also means he has done Business Analyst training and has a certification in business data analytics. No wonder he gets a handsome salary and is always in demand.
Education Required For Business Analyst
There is no minimum formal education required to undertake Business Analyst training. However, the curriculum lends itself to graduates in subjects like economics, business management, finance, mathematics and statistics. Classroom mode of learning can effectively help augment both practices of technical and non-technical skills required for this job role.
Business skills:
Business Analyst will need to have
• Data Analysis and Modelling
• Business Acumen
• Conceptual Thinking
• Inquisitiveness, visualization best practices and detail-oriented mindset.
• Self-discipline, ethics and maturity
• Excellent emotional IQ.
Technical skills:
Business analyst's technical skills should have at least the following. The more suites you know the better and the quicker you can adapt to technological changes the faster your career progresses.
You will need:
• The fundamentals of computer science
• Python suite and R programming
• Proficiency in suites like Spark, NoSQL, Hive, Pig, SQL, Hadoop, MapReduce, Apache Spark, and more.
• Adept at ML, AI, handling of data that is unstructured
• Microsoft Excel
• Visualization techniques of data like charts, graphs, tables etc.
• Cloud data-storage techniques.
Personal Skills:
Business Analyst will need all of these skills which are never taught in formal college courses and yet are crucial to the job role. To spot the trends and insights calls for great quantitative problem-solving skills. The BA has to use inferential logic well to make the presentations interesting and understandable even by the layman.
His interpersonal, communicative and reporting skills are presented as nuggets of insights into the data. With fantastic reporting skills and keen business acumen, he reads piles of data to present decision-making data-driven actionable insights. Obviously, he ought to be an excellent team player too if he has to place his insights into the right hands at the right time.
Did you know that at the Imarticus Business Analyst training the focus to produce well-rounded and equipped BAs includes personality development, resume writing, interview preparation, and soft-skills training?
Job Scope and payouts:
According to Glassdoor, the median salary base is 489,641Rs for entry-level data analysts in India. In the US it was an impressive116,000 USD in 2018. Recent reports by Payscale suggest that the technology field offers 41per cent of all data science jobs.
The median salary of 53,000 to 69,000 USD for BAs in a larger enterprise is handsome when compared to other jobs. You can add on with generous commission that can double your total take-home according to the Accounting and Finance Salary Guide by Accounting and Finance Salary Guide undertaken in 2017.
Parting notes:
If you invest in yourself, you get to learn the latest BABOK V3 techniques and specifications for BAs. Become a business analyst in the fast-tracked course today.
The course for Business Analyst training with IIBA endorsement can get you assured placements in a dream career and well-paying job. Certification helps by endorsing your practical and technical skills.
All the best in your business analyst career!
