How to Become a Business Analyst

This article provides in-depth information into What is a Business Analyst? What Business Analyst do? Degrees for Business Analyst, Steps to become Business Analyst and much more.

Business Analyst

A business analyst is a person who analyses an organization or business domains. Business analyst acts as a communication bridge between an IT and the stakeholders. Business analyst performs tasks such as managing project, product management, developing software and quality assurance. A business analyst is also termed as the business systems analyst, systems analyst, requirements engineer, process analyst, product manager, product owner, enterprise analyst, business architect, management consultant, business intelligence analyst, data scientist.

What does Business Analyst do ?

The analyst works with the business to identify opportunities for improvement in business operations and processes

  • An analyst works with areas related to business and identifies opportunities for development in business operations and processes

  • An analyst plays an important role in the design as well modification of business systems or IT systems

  • Analyst interacts with both business investors and subject matter professionals in order to understand their problems and needs

  • Role of an analyst is also defined as a person who gathers, documents, and analyses business needs and requirements

  • Analyst solves business problems and, as needed, designs technical solutions

  • An analyst documents the functional and technical design of the system

  • Analyst interacts with system architects and developers to certify the system is implemented as per needed

  • An analyst also help examine the system and create system documentation and user manuals


Steps for becoming Business Analyst

1

Get A Bachelor’s Degree

Careers related to business analyst requires a bachelor’s degree program. This program should include coursework in communication, accounting, business, law, and other specialized classes. Various schools provide specialization opportunities, such as accounting, management, or marketing that helps the student prepare future business analysts for a career in their chosen field.

2

Gain Work Experience

Students can gain a work experience necessary for a business analyst position in areas such as business management, human resources, information technology, or related fields. Once the experience is attained, applicants can look for entry-level positions as a business analyst.

3

Get Certified

Certification for a business analyst is preferred by few students as these exams is provided in three levels i.e. Basic, Experienced and Management. Basic level requires an applicant to have a bachelor’s degree. The experienced and management levels require work experience. Applicants should also pass a written and oral exam to become certified


Business Analyst Salaries

Business Analyst

Business Analyst Degree Levels

Certificate

Certificates offer students with preparation for specific jobs and acts as stepping stones to college degrees. Certificate in business analytics provide complete exposure to data analytics concepts, techniques, and state-of-the-art tools used in the process of data-driven business decision-making. This course provides knowledge about analytical models and decision-support tools and applies them large data sets in the areas of marketing, operations, product and technology innovations, financial services, human resources management

Business Analytics
  • Statistical skills to analyze data sets

  • Business decisions in a scientific manner

Objectives

To derive organized and logical data from a large data set

Business Fundamentals
  • Management responsibilities

  • Disciplines within the field of business

  • Core business knowledge 

Objectives

Allows students to gain detailed knowledge in business without having to pursue MBA

Marketing
  • Technical skills to deal marketing issues

  • Support of effective business decision-making

  • Business decisions in application manner

Objectives

Enables students to make decisions based on the analysis of dynamic market situations 

Bachelors

Business analytics includes tools and applications that are used to gather and interpret data from numerous resources, create reports and deliver a solution to various business-related issues. This degree also helps students learn how to combine and make use of statistics, data science and computer engineering, while also developing analytical and mathematical skills.

Descriptive Analytics
  • Analyse historic data

  • Predictions about business decisions

  • JMP statistical and data visualization

Objectives
  • Analytics Consulting

  • Business Intelligence

  • Business Strategy

Predictive Analytics
  • Techniques of predictive modeling

  • Covers multivariate and other techniques

  • Variety of practical business applications.

Objectives
  • Optimization Consulting

  • Predictive Analysis

  • Statistical Analysis

Business Analytics
  • Business analytics in organizations

  • Apply basic business analytics tools 

  • Communicate with analytics professionals

Objectives
  • Business Strategy

  • Data Analytics

  • Data Mining

Masters

Master’s in business analytics degree is intended to prepare students to understand and use data science to resolve business challenges, giving the skillset needed for professions in a wide range of industries such as management consulting, financial services, technology and healthcare

Accounting Finance
  • Auditing methods, budgeting, cost analysis

  • Financial reporting and tax preparation

Objectives

Analyse and apply appropriate methods for financial reporting using domestic as well as international regulations and laws

Applied Economics
  • Analysis of economic variables

  • Understanding of microeconomics

  • Efficient use of resources

Objectives
  • Data collection

  • Data processing

  • Investigative questioning techniques

Data Analytics
  • Foundations of Data and Decision Methods 

  • Presentation and Visualization of Data

  • Optimization and Risk Assessment

Objectives

Use statistical, analytical techniques and consult stakeholders to produce a logical and effective data analytics initiative

Doctorate

Doctor in Business Analytics courses focuses on research methods and big data interpretation. This method helps applicants to analyze business representations and organizations. The programs include supply chain analysis, data structures, structural equation modeling etc. This research-based education gives applicants an opening to hone their critical-thinking, research and self-discipline skills.

Advanced Prescriptive Analytics
  • Checks business needs and gives solutions

  • Optimizations of business outcomes 

Objectives

Establishes a comprehensive description of the business process to be modeled, including defining the business objective and the variables

Data Mining and Predictive Analytics
  • A systematic process for pattern recognition 

  • Recovery of data by statistical techniques

Objectives
  • Correlation Analysis

  • Regression Analysis

Research Design and Implementation Planning
  • Comprehensive business in a structured way

  • Analyse about entrepreneurial activities

  • Methods of handling business risks

Objectives

Conduct a feasibility analysis to determine the worthiness of a potential new business idea.