Run any search for jobs in Business Analytics, and you find there are ample opportunities for aspirants with zero experience. All they ask for is skills in business and data analytics.
Here are the skills required to succeed in business analytics career.
- An Inquisitive mind:
A keen solution finder uses a large data set to understand the how's and why’s of any complex financial situation and works to find the correct solutions. This trait is absolutely essential for the role of a BA.
- Communication and perceptive skills
Actionable solutions, domain expertise, and experience in interpreting the solutions are essential when designing a service or product, making decisions and working on large volumes of data. To form the right strategy, one needs great perceptive and communicative skills to implement the solutions which are data driven.
- Conceptual understanding of methodology and tools
Knowledge of Excel, SAS etc. is a good starting point. However, applying these thoughts to data analysis with them will take you places. These are vital skills for every BA coupled efficiently with intelligence to use the results practically.
- Observing small details
Keeping the small details in the big picture meticulously in mind ensures correct perceptions and insights.
- Numerical and Quantitative Skills
Figures, mathematical formula and Big Data will be constant companions. To make a successful career, you will find that the BA job roles call for a fusion of project management and analytics. A foundation in engineering and mathematics with excellent communication and analytical skills is essential.
While engineers tend to move towards the information management and data engineering fields, aspirants with some business experience easily transform into roles as a Business Analyst. An MBA graduate should enhance skills by doing a business analytics course in Thane.
- Those graduates with an MBA who already have some background in business should opt to enable a career as a BA by upgrading skills with online short courses. Such aspirants will be empowered with a good skill set in business analytics that helps start a career with some certification.
Requisite technical skills: A Business Analyst must have proficiency in the application of statistics with conceptual knowledge of suites like SQL, R, SAS, testing framework, SPSS, Hive and tools in BI such as Tableau, Excel, Spotfire, Qlik, among others. Skill sets required change depending on the infrastructure and organisation’s requirements and functional roles needed.
These courses offer a good grasp of fundamentals, concepts, theoretical knowledge, practical skills and certifications that could help enhance your resume and career. They also offer boot camps, short term workshops, and basic knowledge of SAS and R.
While certification definitely helps you need to be an excellent communicator and work diligently to acquire the best analytical and business skills. Another advantage in such courses is of mentoring by certified and experienced industry aces that helps garner the latest best practices, techniques, skills, and practice on the latest trending technologies in the field of Business Analytics.
Payouts: BAs bring analytic and business skills to the table and receive good remuneration. The average annual salary is 859,025 INR/ year for a Senior Business Analyst as per the figures of Pay scale. The annual average payouts of a BA is INR 6,44857/year as per Glassdoor.
Top Employing Enterprises: Some high-ranking companies in Business Analytics to watch for are Cognizant, TCS, IBM, Wipro, Infosys, Accenture, HP, Deloitte, Capgemini, Genpact among others and in no particular order. Some startups like Mu Sigma Analytics, Fractal Analytics, AbsolutData can offer you the best opportunities in the field of business analytics.
Though these technical skills will definitely help you for a career in Big data analytics, still it is a beneficial if you have master’s degree, which will also boost your career in business analytics.