"Business Analysts fix broken businesses"
Careers for business analysts are not only lucrative but they are also very satisfying. Business analysts are responsible for
analyzing the workings of an organization along with the design of business methods being used and creating a bridge between management, front line
employees and customer needs. It is the analyst's jobs to understand client and market requirements and devise solutions. So, they have a major
say in changing the way in which business is done in an organization. If you are interested in a job as a business analyst, here is a look at the
responsibilities of the position, the educational qualifications, remuneration, working conditions and more.
An Overview Of Jobs For Business Analysts
The role of business analysts is not restricted to technical aspects; they often play vital roles in marketing and finance as well. There are two ways in which you can work as business analysts, you could either be employed with an organization or you could
choose to be an independent contractor. The sector can be divided into four distinct tiers that include:
- Strategic planning: Analyzing and providing for the organization's strategic business requirements
- Operational Analysis: Defining and analyzing the operational policies and market strategies and approach of an organization.
- Process analysis: Modeling of the business process through process design
- IT/ Business Systems analysis: Defining the functional requirements of an application and proposing changes to client business processes
What Do Business Analysts Do?
An analyst in a business is expected to analyze and critique the various business functions including finance, marketing, IT etc to improve the
productivity and efficiency of an establishment. A professional in this position also helps the company to optimize its day to day operations and
evaluate the structure of its business.
Business analysts are generally hired by companies to solve business problems, to streamline their business practices and to gain an edge
over their competitors. It is the analyst's job to scrutinize the various operational procedures of the company and find solutions, which will help
the company to function efficiently.
In some companies analysts are also expected to focus on the issues concerning the major stakeholders of an organization; they have to
routinely write reports with specific recommendations.
and Other Skills Required
You will need a bachelor's degree to get business analysts jobs with a major in industrial engineering, business management, finance
or computer science. You should also consider becoming certified. One such certification is the Certification of Competency in Business Analysis
from IIBA. Other organizations offer certification, however just make sure that you go to a respected and accredited establishment to earn your
Apart from this, you will also need to have an in depth understanding of organizational skills and superlative interpersonal skills. It
would also help to study UML (Unified Modeling Language) which is commonly used in IT.
A Business Analyst's Workday
The workday of business analysts includes the following tasks:
Scheduling clients: Whether you hold a job in an organization or work as an independent contractor, you will need to spend a lot of time
talking to the business and IT operations teams. Also, you will need to frequently schedule projects for different clients.
Observation: An analyst spends the majority of his time observing the day to day operations of the various departments. He will spend a lot
of time each day observing the requirements of the organization, business process flow, the various systems available to the staff and how these are
being used to optimize the workings of a department. Additionally, you may also have to spend a significant amount of time studying the client
procedures and policies.
Review and Analysis: The data procured through observation, meetings and discussions is then compiled and analyzed. Also, the analyst will
have to review previous reports that help to understand the issues afflicting the day to day operations of the company.
The analysis phase will finally lead to the solution phase wherein the analyst will be expected to provide solutions to streamline the
Preparing Reports: Once the problems have been analyzed and solutions have been devised, an analyst has to put it all down in black and
white, in the form of a report. Business analysts will have to provide detailed reports on the various solutions proposed by him and how each of
these help to solve a specific problem. Financial estimates will also be part of such reports
Client meetings: Business analysts will also need to spend a considerable amount of time interacting with the internal or external
The average salary of business analysts is $81,000 per annum. A junior business analysts will likely start at about $48,000.
Business analysts work out of convenient and comfortable office environment with little or no fieldwork involved depending on the nature of the
organization. The position entails constant communication with the clients and the development team.
While you may start at the entry level position of junior business analysts, you can quickly progress to senior levels if you apply yourself. After
garnering 3 to 5 years of experience, you will have the option of working as an independent contractor.
Why You Should Join
The Ranks Of Business Analysts
Business analysts are an asset to the organization who helps to streamline processes and increase the efficiency of an organization and its
profits. People in this position share a good rapport with almost all the departments of the company.
Because of the immense competition, several sectors offer rewarding prospects for well qualified and experienced analysts including
pharmaceutical, finance, insurance, banking, IT/ITES, healthcare, budgeting and others.
As a matter of fact, it can be safely said that all companies; regardless of the sector that they operate in, need business analysts.
Although it can be difficult to find an entry level position in the business analyst field, once you secure a job and get the perquisite experience, you
should have no dearth of job opportunities.
Business analysts enjoy greater job security because of the versatility of their positions. Research also indicates that the sector has
been sparred the ill effects of recession because companies require new ways of thinking even in a glum economic scenario.
Because a business analyst is expected to have in depth knowledge about the various business functions, a person in this position can
readily change his expertise in the different facets of business to look for alternative employment. For instance, technical know how can be used to
secure employment as a QA. On the other hand, product industry specific product knowledge can be used to work in marketing and sales. Also, the knowledge
of the various sectors can help a business analyst move up the corporate ladder to managerial positions.
Since an analyst working in a business is on both sides of the company, the clients as well as the organizations, regardless of how the coin flips,
he always has it landing back safely into the business analysts hands.
© 2015 Stellar Force
Business Analyst Community & Resources | Modern Analyst
RSS feeds for Business Analyst Community & Resources | Modern Analyst
Let Business Analysis Evolve Along with your Organization as it Fights to Kee...
by Transform VA
10 Feb 2017 at 11:04pm
This is the time for the BA community to expand its capabilities and provide critical value to the organization. With a massive 86% of global CEOs reporting a lack of time to think strategically about the forces of disruption and innovation shaping their company’s future, businesses leaders must lean on the evolving capabilities of the business analysis community.
?Alice In Wonderland?: Defining ?Chaos? through the Lens of Wonderland ? The End
by Transform VA
5 Feb 2017 at 5:14pm
The causes of chaos are unpredictable behaviors that arise from individuals, teams, or systems. Behaviors portrayed by the mentioned three components affect how an organization is able to handle challenges and problems. By allowing individuals and teams to portray their own behaviors in the working environment, different components of an organization may either work properly or experience failure. In the subsequent sections, we will elaborate on some mechanisms that trigger chaos in an organizational context.
Deep Dive Models in Agile Series: Business Data Diagram
by Transform VA
29 Jan 2017 at 11:40am
Business Data Diagrams are one of those MUST HAVE models for any product that is dealing with data. The exercise of creating the model itself creates a powerful, shared understanding of the underlying data constructs as users understand it. Instrumental in helping to identify additional, more detailed models that might be needed, the BDD can also help you get to a complete set of user stories around users interacting with the data following the create, use, edit, delete, move and copy actions.
Improving the Continuous Improvement
25 Jan 2017 at 11:23am
I always see people go gaga over agile development methodologies. While I agree that agile has its own advantages, I disagree on the fact agile is an all-powerful and does it all kind of methodology. However, if executed right, agile does have the capability to be an all-powerful methodology. Although the advantages outweigh the perils of agile, the perils if not properly addressed can put the business value and relevance of the solution at risk.
Crucial Conversations: How to Effectively Discuss What Matters Most
by Transform VA
22 Jan 2017 at 12:11am
Let’s face it, there are just some conversations that you don’t want to have. There are some people you simply don’t want to talk to, but what happens when we don’t have these conversations? Everyone loses! It is perfectly natural for us to avoid difficult conversations. We fear rejection, retaliation, emotional outbreaks, the dismissal of our ideas, and of course those incredibly awkward moments where everyone around you stares at their feet thinking “God I am glad that’s not me.” However, these conversations need to be had and the Badass Business Analyst will have them. If we want healthy, productive teams and projects, crucial conversations must be had frequently. You can’t just keep ranting, raving, complaining and avoiding, you need to start having meaningful, persuasive conversations that make an impact. You need your ideas to be heard, and more importantly you need behaviors to change. Don’t you think its time you and I have a crucial conversation? Suddenly I feel like I have turned into my father. Sigh. For the record, all of his crucial conversations were always too late, which is maybe why I am so passionate about this particular chapter in my book (the longest chapter by far - okay, moving away from from therapy now).
3 Ways to Change Your Thinking in 2017
15 Jan 2017 at 4:56am
Is your team struggling with the transition to modern requirements practices? As many teams explore and experiment with modern practices and agile, they often jump to apply tactical methods and techniques. But does anything really change?
Most teams work really hard and don’t see results. Or they find a few early benefits, but get stuck on a low plateau. They often give up and slide back into their old habits. Why? Because they’ve modified surface-level tactics, but haven’t modified mindsets.
?Alice in Wonderland?: The Challenges of Delivering in the Midst of Chaos, Ep...
by Transform VA
8 Jan 2017 at 1:18am
Every organization has some degree of “chaotic” culture. Some of them breed chaos and unconsciously operate in chaos. Project management is designed to operate with structure. However, reality has always contained a dose of “Wonderland” as well. Projects find themselves at odds with the environment that they operate within when the underlying organizational culture tends to be chaotic and less disciplinary and operates randomly. Project management methodologies and execution processes’ logic and convention are contradicted by the chaotic, shape-shifting setting of “Wonderland.” This conflict threatens a successful outcome for a project. The uncertainty that projects are confronted with throughout the execution process can be fatal. Chaos, by its very nature, is impossible to control completely, and so projects struggle to deliver as they fail to manage the conflict they find themselves in with the organization’s way of life.
Develop Confidence in Your Abilities and... (Domain Knowledge is Overrated - ...
by Transform VA
2 Jan 2017 at 3:15am
Many business analysts fail to achieve top performance while starting to work on a new domain simply because of their fear of making mistakes. I’ve heard analysts freely admit that looking less than competent is what they fear most. “I don’t know what I don’t know” they will tell me, “and in particular in a domain I’m not very familiar with, I’m always afraid I will miss an assumption or an avenue I must address.”
How to tell stories as a Business Analyst?
28 Dec 2016 at 4:33am
A story is defined as a narrative or tale, true or imaginary. Each story has a moral hidden in it. A story writer won't directly say that hard work and patience is the key to success. Instead the writer came up with a story of Hare and Tortoise. And if we observe carefully, stories are everywhere; we ask a friend about her love story, we watch a prime time news story, we ask a new friend about his life's story, the movie I watched the other day had a good story.
Governance, Compliance and Business Rules (Through Young Eyes)
by Transform VA
18 Dec 2016 at 9:17pm
When my older son graduated from college, he worked as an intern for a professional sports team. At the end of his very first day of work he called me, puzzled. "I asked them what my responsibilities were," he related, "and they said, 'We need you to know what we are supposed to be doing'." After a long pause he went on, "I wanted to ask them why they didn't already know what they were supposed to be doing, but I didn't think that would be such a great idea my very first day there."
?Alice in Wonderland?: Meet Wonderland?s Stakeholders, Episode 4
by Transform VA
11 Dec 2016 at 3:20pm
Moving on, we will investigate the importance of the business analyst’s often delicate relationship with individual stakeholders. A business analyst is a facilitator of change, and in affecting these changes within a company, the analyst must interact with multiple stakeholders of varying personalities. When identifying and delivering the necessary changes within a business, the analyst must develop and maintain a relationship with each individual stakeholder. Each stakeholder will wield a different level of authority within the company and hold a certain amount of power over those changes that are coming into effect. Noting this, the analyst must take part in a careful balancing act, juggling these relationships in order to facilitate change with minimal difficulty.
Deep Dive Models in Agile Series: Business Objectives Models
by Transform VA
4 Dec 2016 at 6:48pm
This short paper series, “Deep Dive Models in Agile”, provides valuable information for the Product Owner community to use additional good practices in their projects. In each paper in this series, we take one of the most commonly used visual models in agile and explain how to create one and how to use one to help build, groom, or elaborate your agile backlog.
Bridging Business Model Canvas and Business Architecture
by Transform VA
27 Nov 2016 at 5:02pm
The Business Model Canvas is a common method to build a business plan in very large and small companies because it is both structured and very simple to understand. The Business Model Canvas is also very Customer-Driven. Yet, there has not been in the past an easy way to plan a detailed Business Architecture model starting from a Business Model Canvas to enable marketing and operation planning. In this article, we will demonstrate how to easily bridge a Business Model Canvas to a Business Architecture model to optimize with agility your marketing and operating modeling.
Could BDD have prevented Judgement Day?
by Transform VA
20 Nov 2016 at 5:02pm
"I’ve observed a disconnect between stakeholders from the Pentagon and the engineers building the system. I’d like to show you a new technique called Behaviour Driven Development (BDD), which can help us explore how software will behave BEFORE it’s built”.
?Alice in Wonderland?: Lessons to Learn From the ?Mad Tea Party?! Episode 3
by Transform VA
13 Nov 2016 at 3:07pm
An analyst must frequently contend with structure-less environments and relentless rejection, and the character of Alice highlights many desirable characteristics that constitute the makeup of a good business analyst. Having identified the value of the Mad Tea Party as a learning ground in the previous episode of this series, we will now examine some of the key lessons learned and how they are applicable to the work of the business analyst.
Newsfeed display by CaRP