An article by UK based contributor Sam Gatt.
What is a Business Analyst?
Business Analysts are a popular profession nowadays. They do many things though their main task is analyzing a company’s business model. The International Institute of Business Analysis defines the job as the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders. Put simply, it’s looking and what needs changing to maximize business for a company. The typical day for a Business Analyst can involve numerous tasks. As you’d expect, there is a lot of analyses each day. Business Analysts need to study whatever they’ve been tasked to look at, an IT system for example and look for any issues. Once the issues are found then comes the task of evaluating how to fix them.
How much do Business Analysts earn?
Business Analysts can take home anywhere between $3000 and $11000 each month. With the average being in the $5500 region. It depends on what company requires your services and how long you’ve been doing it for. For a newcomer, the average monthly take home is around $4000. The yearly average is upwards of $60000. In fact for the newcomer it’s about $48000. It’s a financially rewarding job, so if you’re looking for money then this could be for you.
How do I become a Business Analyst?
Some companies require you to have a Business Administration related degree when applying for a job as a Business Analyst. You can also undergo certain training courses, like Simplilearn CCBA certification training, to gain the required qualification. It allows you to study for a course, either alone or in a group, and in the end you get the proper certification. The CCBA (Certification of Competency in Business Analysis) is widely respected by potential employers. So have no fear if you don’t have a Business degree, companies will look for certification as a recognition of your ability. In fact, if I had to have one of the two, I’d go for the certification. If you do have a Business Administration degree and are not sure you want to do the extra training, then look at these 6 Jobs you can land.
Why should I become a Business Analyst?
As already mentioned, it can be a financially stable job. The average of $4000 a month for someone with two, or less, years experience is very good. Also, there are lots of Business Analyst jobs out there; companies are always hiring. Not all Business Analyst jobs are titled ‘Business Analyst’ so keep an eye out. Look for things titled ‘Systems Analyst’ or ‘Business Process Analyst’. Quite a few other jobs also require a knowledge Business Analysis. Project Management and Software Development jobs need a certain level of Business Analysis to succeed.
Becoming a Business Analyst requires a lot of hard work and dedication. You must ensure you’re passionate about what you’re doing. Put the effort in and you will reap the rewards. If you’re looking for a financially stable job, then Business Analyst could be for you.