Analyzing is a great skill to have, especially, when it earns you a living. In that term, Business Analysts are exceptional individuals. They collect data from generated revenues and losses incurred by businesses. After that, Business Analysts use these data to analyze further growth areas and recommend them to business executives, management and advisors. With the same data, Business Analysts determine the loopholes where businesses are losing their feet. In short, the gap between IT and businesses are filled by Business Analysts.
The urge of most companies to expand their businesses will certainly increase the demands of Business Analysts in the coming years. Whether you are a student who wants to make a career in analytics or a working professional who wants to shift the career into this domain, Business Analytics can be a good choice for you.
The advent of many online learning platforms has given a choice to working professionals to earn a degree in business analytics. Also, there are many colleges in India which provides a certification degree or a bachelor’s degree in Business Analytics.
Starting the process to learn Business Analytics is to master a programming language. The most industrially used programming languages for Business Analytics are Python, SQL and R. Following these come JAVA C, C++, C#, .NET, Javascript/Typescript, Matlab, SAS/STATA, PHP, Visual Basic/VBA, Scala, Bash, Ruby, Go and Julia.
Business Analytics is a vast field that requires learning new tools on job which might not have been taught in schools and colleges. New start-ups hire individuals for the positions of Junior Business Executive and train them operating the tools. The tools which are used are Microsoft Excel, Tableau Public, SAS, Apache Spark, RapidMiner, KNIME, QlikView and Splunk.
The candidates with advanced knowledge in any of the above mentioned programming languages or tools, stay an edge ahead to get hired. If you have a bachelor’s degree or you want to shift your career, then you should focus to attain a legendary level in programming language and a tool before applying for Business Analyst jobs.
Besides the technical skills, to work as a Business Analyst, you should have exceptional organizational, time management and planning skills. You should have team leading and managing skills to successfully carryout projects.
The different positions in which a Business Analyst works are:
1. Business Analyst
2. Business Architect
3. Business Process Analyst
4. IT Business Analyst
5. Requirements Engineer
6. Business Systems Analyst
7. Systems Analyst
8. Data Analyst
9. Functional Architect
10. Usability/UX Analyst
The pay-scale of a Business Analyst at Infosys is 7 lacs pa and in Tata Consultancy Services it is 3.4 lacs pa. So, on an average the earning potential for a Business Analyst is INR 5 lpa. Experienced Business Analyst professionals earn on a higher margin. They earn between INR 15 – INR 25 lpa.
