How to Become a Business Analyst in 2022 with VCA
Are you curious about organizations and how they work? Do you have an eye for detail—always searching for ways to improve internal processes? Do you want to be part of businesses that achieve their full potential?
If the answer to these questions is yes, then working as a Business Analyst could be a career fit for you.
As businesses seek to increase efficiency and reduce costs, business analytics has become an important component of their operations. Business Analysts are present in almost every sector from non-profit companies to retail, and the financial services. This means that Business Analysts must have a specialised knowledge of the sector they are working in, how it operates, and how the organisation functions in order to work towards achieving its business objectives.
Let’s take a closer look at what business analysts do and what it takes to get a job in business analysis.
Who is a Business Analyst?
Business analysts help guide businesses in improving processes, products, services and software through data analysis. These agile workers straddle the line between IT and the business to help bridge the gap and improve efficiency. Overall, business analysts bridge the gap in understanding between the management of an organization, and the complex data and technical systems businesses use in hopes of improving processes and helping impact decision-making.
What does a Business Analyst Do?
With a number of overlapping responsibilities, business analysts are always busy. These include:
- Understanding what a business does, including most significantly, the processes through which they accomplish their work.
- Evaluating those processes for efficiency, cost, and results.
- Communicate changes, recommendations, and procedures to business teams.
- Remain engaged with business leaders to help them understand how changes impact the goals of the organization.
- Leading the research, design, and implementation of any technology or processes that require a more substantial technical understanding within the group, including the development of functional specifications.
- Managing projects, developing project plans, monitoring performance, and ensuring timely turnover of deliverables.
- Planning enterprise architecture (the structure of a business)
- Forecasting, budgeting, and performing both variance analysis and financial analysis
What is the Salary of a Business Analyst?
The average salary for an IT business analyst is $69,888 per year, according to data from PayScale.
The average salary for business analysts in July 2021 in the United States is $75,921, according to Glassdoor.
Geography is also an important factor.
What Are Some Alternate Job Titles for a Business Analyst?
Job titles for business analysis practitioners include not only business analyst but also:
- business systems analyst,
- senior business analyst,
- process analyst,
- enterprise analyst,
- business architect and functional analyst,
- management consultant,
- product manager,
- requirements engineer,
- business intelligence analyst and more.
Many other jobs, such as management, project management, product management, software development, quality assurance and interaction design rely heavily on business analysis skills for success.
Did you know?
The Bureau of Labor Statistics estimates the need for business analysts to increase 14% by 2024. This is one of the highest average percentages among growing occupations.
What Skills Does a Business Analyst Have?
There are a few general skills that span across any business analysts’ specialty. These skills include:
- Problem Solving—Identifying what practices or procedures are not operating to their highest functionality and being able to formulate and implement relevant solutions.
- Process Improvement—Uncovering inconsistencies or inefficiencies in business processes and making actionable suggestions for enhancement.
- Communication and interpersonal skills—Translating data, findings, and suggestions from a high-level technical language into information that stakeholders can understand.
- Critical Thinking—Due to the need to process large volumes of highly complex information regularly, well-developed critical thinking skills are imperative for successful business analysts.
- Project Management —At times, a business analyst’s role will take on the qualities of a project manager’s. This happens most frequently during the planning and implementation of change, and involves connecting business and technical team members, keeping everyone working towards a singular goal, and overseeing timelines, budgets, and priorities.
- Commercial awareness
- Time management and organisational skills
- Analytical skills - As the name suggests, finding practical solutions to theoretical problems requires analysts to be deeply analytical. After all, one part of the job is analyzing data, documents, user input surveys and workflow—all sharpening business practices.
- Leadership and management skills - Whether planning project scopes or directing staff, handling changes or forecasting budgets, one thing is certain: Business analysts often employ project management skills.
Typical Sectors and Employers of Business Analysts
Almost any industry can employ business analysts. Some of them are:
- Specialist business analysis firms
- Consulting and professional service firms (including technology consulting companies)
- Technology companies
- Public sector organisations (such as county councils)
- Health Care Clinical research / Pharma companies
- Finance / Banking /Investment sector
- Human resource management / Talent acquisition
- Retail / E commerce
- Logistics / Supply Chain
- Research firms
How Do I Become a Data Analyst or Business Analyst?
If all this talk about business analysis has you intrigued about pursuing it as a career, then there’s good news for you!
VCA offers Data Analytics Bootcamp in just 9 to 18 weeks. Taking Vijay Computer Academy DATA ANALYTICS Bootcamp can equip you with the tools to derive powerful insights, predict trends, and make data-backed decisions. We offer customized modules for all professionals.
Still have questions about becoming a data analyst / business analyst?
Do not hesitate to contact VCA. We are here to help you.
- If you want to get a taste of our Data Analytics Bootcamp, check our FREE Data Analytics info session.
- Join VCA for a FREE IT webinar to find out the right career pathway to your dream IT job.
- Fill out this interest form and we will reach out to you with complete program info.
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