How to Become a Business Analyst
A business analyst specializes in devising various methods to improve the organization’s productivity. He or she analyzes various aspects of a problem faced by a commercial entity and develops a solution in the form of technology integration. Business analysts work in close association with the clients to get a clear idea of their business model, problems and requirements. If you are passionate about learning core processes of a business, then this career is ideal for you. Strong technical know-how and communication skills are mandatory to enter this field. Here are few tips on how to become a business analyst.
Acquire the Necessary Skills
There is a widespread misconception that an MBA has all the necessary skills to become a business analyst. While a degree in business management serves as a foundation, the technical skills and specific business skills required to become a business analyst are not provided by the course. Here are few tips to obtain the necessary qualifications to become a business analyst.
- Develop strong analytical, communication and problem solving skills.
- Be well versed in technologies like J2EEE/.NET
- Knowledge in web based technologies like JS/HTML/ASP can be helpful.
- Bachelor’s degree in information technology or a business related course is the minimum requirement.
- A course that offers special training in business analysis is highly recommended.
- Knowledge in handling SQL, UML and Microsoft Visio is beneficial.
Understand the Responsibilities
As a business analyst, your working hours will largely depend on the working hours of your company. However, working overtime to meet targets and deadlines is common in this field. As a business analyst, here are few responsibilities that you will be undertaking.
- Understanding the industry in which your client operates by conducting proper research.
- Interacting with the clients to understand their problems.
- Suggesting a solution that is viable, both financially and technologically.
- Specifying business requirements and translating the same into an appropriate technological solution, mostly software.
- Defining the scope of the project and estimating the cost.
- Working as a team to implement the solutions.
- Taking part in conferences with co-workers in the firm to promote your company and the services it provides.
- Actively participating in the business development of the firm you’re working for.
- Managing client relationships.
Advancement Opportunities and Salary
After gaining necessary expertise, a business analyst is often promoted to a supervisory position, such as Senior Business Analyst. Some business analysts work towards obtaining higher positions at the administrative levels of the firm. If you are interested in the teaching profession, it is possible to become a visiting faculty in educational institutions. However, it will take years of dedication and hard work to specialize the subject to such a great extent.
On an average, an entry level business analyst earns $45,000 annually. This however, is bound to increase as experience and proficiency increases. The salary varies greatly depending on geographical location, the firm in which you’re employed, your educational qualifications, and the projects that you’re capable of handling.