Business analysts act as a connection between technology specialists and the wider business. As businesses everywhere are becoming increasingly reliant on technology, the demand for such positions is increasing – and fast.
What experience and skills are necessary to excel, and what day-to-day tasks are typical for a business analyst?
Potential for growth
The role of a business analyst is fairly modern job. As a result, it is understandable that it is not regarded as highly as other well-established and respectable occupations such as an architect, engineer or accountant, for example. In the past, the position in businesses has been noticeably undervalued and poorly understood, but today, many companies are starting to realise the worth and importance of skilled business analysts.
Good business analysts should possess the skills to ensure businesses invest their most important resources of manpower and money wisely, to avoid companies losing ROI. Time is precious in today’s business market, where poor investment decisions could be highly detrimental when up against strong opposition; the aim is to be on top and gain the advantage over others. Like the saying goes, if you snooze, you lose.
You don’t need a degree
Professional qualifications aren’t wholly necessary to become a business analyst, which means pursuing a career in this field is perfect for those who do not want to go down the traditional university route. Instead, there are a range of business analyst courses, covering a wide range of areas, that individuals can take up. In addition, other courses such as change management, data analytics, improved communication, information systems and project management are also helpful when looking to find a job or progress.
However, due to the competition for business analyst positions being high, having a degree can be highly advantageous. This could be in a relevant subject, such as business information systems or business computing systems, but could also be from other disciplines, such as history – as long as you can show you have excellent analytical skills.
Business analysis is a varied and demanding career which encompasses a wide variety of responsibilities and utilises skills such as problem solving and time management on a daily basis. It can be satisfying when you reach the all-important deadlines and goals, however it must be said that it is no easy feat. To ensure you get the most from the job and are happy, it is crucial that you enjoy a challenge.
It can lead to other career paths
The skills you acquire as a business analyst are transferrable to many other roles and provide you with the opportunity to progress into a higher-level job if you wish. Climbing up the ladder to advanced positions include well-rewarded roles in project management, programme management, business architecture and even strategy-based roles.
All employers value experience and skills of all kinds, particularly the ability to work in groups, analyse data, use technology and manage projects, which are all shaped through being a business analyst.