Business Analyst as a Career

Description of the Job

Business analysts (BAs) are responsible for bridging the gap between IT and the business using data analytics to assess processes, determine requirements and deliver data-driven recommendations and reports to executives and stakeholders.

 

BAs engage with business leaders and users to understand how data-driven changes to process, products, services, software and hardware can improve efficiencies and add value. They must articulate those ideas but also balance them against what’s technologically feasible and financially and functionally reasonable. Depending on the role, you might work with data sets to improve products, hardware, tools, software, services or process.

Fast Facts

  • Number of hours per weekGenerally 40-45, overtime sometimes required
  • Average starting pay$67k Nationally, $76k in the Bay Area
  • Amount of travel requiredLittle to none

Roles & Responsibilities

  • Create a detailed business analysis
  • Outline problems, opportunities and solutions for a business
  • Collect and sort data, create graphs, write documents and design visualizations to explain findings from analysis
  • Define business requirements and report them back to stakeholders
  • Perform variance analysis, create pricing models
  • Budget and forecast financial metrics for the business

Skills Needed

  • Oral and written communication skills: As the individual bridging the gap between IT and the business, it is important to be able to communicate information effectively and correctly. 
  • Time management: Understanding the priorities and then scheduling the day to day tasks as required is the most fundamental step in time management for business analysts.
  • Documenting and reporting: Writing reports, plans, documentation and various types of analysis details. The responsibility of a business analyst will require one to write on a wide array of topics.
  • Technical skills: Being able to understand the  databases and other technologies used within the company is vital as those will allow a business analyst to perform their job with efficiency and precision. 
  • Business analysts typically rely on software such as Microsoft Excel, Microsoft PowerPoint, Microsoft Access, SQL, Google Analytics and Tableau.
 

Steps to Enter The Field

  • A bachelor’s degree in business administration, Information Systems, Finance, Economics, or other business-related majors are great degrees for those pursuing a Business Analyst career
  • Technical majors are also good options, such as Computer Science, Database Administration, Data Science, Business Analytics, etc. 
  • A Master’s degree isn’t required for a Business Analyst role but it can help the chances of landing the role. Some larger corporations may expect a Master’s
  • Internships and previous work experience as a business analyst or a related business field are encouraged
  • Technical skills are often required or preferred qualifications for roles, so having experience in data analytics software or other programming languages can be very helpful
  • Certifications are also good options to prove one’s skills as a Business Analyst and are cheaper than a Master’s degree. 
  • This article provides a detailed list of 10 business analyst certifications to advance your career

Landscape of the Field & Companies in the Field

  • Practically every corporate company has business analysts. Business analysts can work at a variety of firms, including large companies, startups, non profits, etc. 
  • When looking for business analyst positions, people should consider which industries interest them and look for jobs in those industries
  • Because business analysts work with technology, technology companies likely have more business analysts than non-technology companies

External Resources to Learn More & Develop Skills

  • Blogs for Business Analysts: contains a list of 12 blogs to help people become a better business analyst
  • Codecademy: online interactive platform that offers free coding classes in 12 different programming languages. This can help improve technical skills to increase chance of landing roles
  • Business Analysis Podcasts: contains a list of 25 podcasts to increase understanding of the field and stay up to date

Related Careers