In the competitive world, companies fail to manage the projects due to poor planning, non-standardized techniques, outdated technologies and lack of communication during the completion of the projects. This later results in failure of the project in turn failing to meet the deadlines and managing the projects within the budgets.
To overcome this, a business analyst plays roles and responsibilities in the smooth running of the business with the usage of new technologies, analytical thinking and properly evaluating the business conditions. Due to their roles, the demand for business analysts is increasing and additional opportunities are created to enhance career growth.
Becoming a business analyst is simple and competitive with a number of requirements to meet such as education, experience, skills, and certification. The median salary offered to this job profile is about $83,610 and can vary based on your qualification. Hence to understand what the necessary requirements are, this article plays a role.
Education And Career Requirements
The career path of a business analyst initially begins with planning your career accordingly and being aware of the requirements. A bachelor’s degree is the minimum required degree level with a major in Business administration, business, management, accounting, marketing, economics, statistics or computer, and information science. Employers may also prefer applicants with a master’s degree with a specialisation in relevant fields.
Computing your education requirements, it is necessary to meet the career requirements such as several hours of experience in the field and ger board-certified to enhance your capabilities. Also, there are certain additional key skills required to adopt at your workplace which helps you to stand out among the rest. Hence these requirements are detailed further below.
To gain the position of a business analyst a bachelor’s degree acts as a foundational program which is typical for 4 years, under this, you gain knowledge on general and core courses such as Computer science, Accounting, Information Technology, Management Information Systems, Business and Law.
Some degree programs also offer opportunities to students to attend internships or summer programs with the organization to gain experience in the fieldwork.
According to the employer’s perspective, candidates with a master's degree in the relevant major are usually hired. A master’s degree is an advanced degree that allows students to gain in-depth knowledge on the specialization of their choice and also helps them gaining higher administrative or management positions in the organization. The courses include business data analytics, operations research, project management, database analytics, and predictive analytics. Ensure that you attend a college program that is accredited by the Accreditation Council for Business Schools and Programs (ACBSP) to meet the standards of education.
Some common programs you could choose to become a business analyst are,
Master of Science in Business Analytics (MS-BA)
Master of Science in Information Management (MSIM)
Master of Business Administration (MBA)
After completing your education, you are required to gain work experience of 3-5 years in the field which is the standard period. Experience gained is valuable which helps you gain higher positions in an organization and also work as an independent.
You get a brief idea of the practical concepts of the workflow of the business, billing, maintaining customer relationships, business laws, and other specific fields. You could start off with an internship, or get a part-time job, work on projects, or participate in a professional practicum.
Employers also look for certified candidates for the role of a business analyst. After getting experience getting certification helps in demonstrating your exceptional skills which the employers look for. The certifications also boost your career and lead you towards professionalism.
Certifications for business analyst are offered by the International Institute of Business Analysis (IIBA) and come certification you could earn are,
IIBA Entry Certificate in Business Analysis (ECBA)
IIBA Certification of Competency in Business Analysis (CCBA)
IIBA Certified Business Analyst Professional (CBAP)
IIBA Agile Analysis Certification (AAC)
IQBBA Certified Foundation Level Business Analyst (CFLBA)
IREB Certified Professional for Requirements Engineering (CPRE)
PMI Professional in Business Analysis (PBA)
Good technical skills
To sum up, aspiring students must plan their future profession and take the right decision that boosts their confidence to achieve and succeed. Choosing the career path of becoming a business analyst is right for you if you are someone interested in business, management, accounting, statistics or a similar field. Determine whether the outcome of working as a business analyst aligns with your goals to become successful.