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Business Analyst Job Description: Roles, Scope & Salary3 min read

January 10, 2020 3 min read
business analyst job description

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Business Analyst Job Description: Roles, Scope & Salary3 min read

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Since the begin­ning of the 21st cen­tu­ry, busi­ness analy­sis has devel­oped as the most vital com­po­nent of any busi­ness. Every domain of busi­ness has oppor­tu­ni­ties for the role of a Busi­ness Ana­lyst, espe­cial­ly in the IT sec­tor. In terms of a Busi­ness Ana­lyst job descrip­tion, their pri­ma­ry role is to assist a busi­ness by deter­min­ing the needs of a project and imple­ment­ing cost-effec­tive solu­tions to it. At the same time, a Busi­ness Ana­lyst com­mu­ni­cates the need for such solu­tions to the pri­ma­ry stake­hold­ers and part­ners. In terms of func­tion­al­i­ty, a Busi­ness Ana­lyst col­lects and inter­prets data from mul­ti­ple areas of an orga­ni­za­tion. Con­se­quent­ly, they look for prob­lems with the help of gath­ered data and ulti­mate­ly find solu­tions for them.

Role And Responsibilities Of A Business Analyst

In a dynam­ic busi­ness envi­ron­ment, an orga­ni­za­tion’s great­est strength is to thrive despite con­stant change through the aid of inno­va­tion. This is where busi­ness analy­sis comes into the scene. A Busi­ness Ana­lyst iden­ti­fies the needs of the clients/customers and effi­cient­ly con­verts those needs into prod­ucts and ser­vices in a cost-effi­cient yet prof­itable way.

Here is every­thing a Busi­ness Ana­lyst job descrip­tion defines as their respon­si­bil­i­ties:

  • Under­stand­ing the require­ments of busi­ness and uncov­er­ing areas in need of improve­ment.
  • Pro­vide cost-effec­tive solu­tions for iden­ti­fied prob­lems.
  • Iden­ti­fy­ing and doc­u­ment­ing the cus­tomer’s busi­ness needs.
  • Inter­pret­ing those needs into busi­ness func­tions and process­es.
  • Engag­ing in user accep­tance as well as func­tion­al­i­ty tri­al of new sys­tems.
  • Devel­op­ing train­ing plans for new sys­tem mod­ules.
  • Train­ing the pro­fes­sion­al and tech­ni­cal staff in the com­pa­ny.
  • Take lead on des­ig­nat­ed projects and guide devel­op­ers.

Qualifications Required To Become A Business Analyst

To become a Busi­ness Ana­lyst, a can­di­date must have supe­ri­or knowl­edge of busi­ness func­tions. Most com­pa­nies demand a bach­e­lor’s degree in Busi­ness or a relat­ed field. But some com­pa­nies may ask for a Mas­ter’s in Busi­ness Admin­is­tra­tion (MBA). More­over, a can­di­date must have a min­i­mum of five years of expe­ri­ence in busi­ness ana­lyt­ics or relat­ed fields.

It takes a pletho­ra of core busi­ness skills to become a Busi­ness Ana­lyst. Some of these include:

  • Excep­tion­al ana­lyt­i­cal as well as doc­u­men­ta­tion skills.
  • Advanced tech­ni­cal skills.
  • Strong pre­sen­ta­tion skills.
  • Expe­ri­ence in lead­ing teams.
  • The abil­i­ty to influ­ence busi­ness part­ners.
  • Knowl­edge of con­duct­ing a cost-ben­e­fit analy­sis.
  • Excel­lent plan­ning and time man­age­ment skills.

Career Scope In Business Analytics

With inno­va­tion becom­ing the core of every busi­ness, the scope of busi­ness ana­lyt­ics is con­tin­u­al­ly evolv­ing all across the globe. Once you become a Busi­ness Ana­lyst, you gain the oppor­tu­ni­ty of becom­ing an expert. This is because a career in busi­ness ana­lyt­ics pro­vides a spe­cial­ized skill set that can be applied to any indus­try as well as any orga­ni­za­tion. As a result, it becomes easy for a Busi­ness Ana­lyst to switch between indus­tries smooth­ly. As an expe­ri­enced Busi­ness Ana­lyst, your career promis­es you immense growth, in terms of job roles as well as knowl­edge and exper­tise.

  • Project Man­ag­er: The role of a Project Man­ag­er is some­thing which as a Busi­ness Ana­lyst you will see in your day to day work life. A Project Man­ag­er is respon­si­ble for plan­ning, exe­cut­ing and deci­sion mak­ing of a par­tic­u­lar project. How­ev­er, the skillset and respon­si­bil­i­ties for the job of a Project Man­ag­er vary immense­ly from that of a Busi­ness Ana­lyst. But it is a high­ly reward­ing career path in itself.
  • Rela­tion­ship Man­ag­er: The job of a Rela­tion­ship Man­ag­er is to man­age and improve client and part­ner rela­tion­ships of a busi­ness. This role is all about influ­enc­ing indi­vid­u­als and can work well for an ana­lyst who has good inter­per­son­al skills and wants to grow his career with a dif­fer­ent spe­cial­iza­tion.
  • Sub­ject Mat­ter Expert: A Sub­ject Mat­ter Expert also known as SME, is a per­son who has spe­cial­ized knowl­edge of a par­tic­u­lar job. In oth­er words, it pro­vides an oppor­tu­ni­ty of being pro­fi­cient in a par­tic­u­lar domain or indus­try.

Salary

In India, the demand for a Busi­ness Ana­lyst in top IT com­pa­nies is enor­mous. A typ­i­cal salary brack­et for a Busi­ness Ana­lyst is between 6–6.5 LPA. This scale may vary in terms of the com­pa­ny bud­get as well as the loca­tion of the job. In some of the big­ger orga­ni­za­tions, the pay scale might even reach 7 LPA.

Washija is a versatile writer. She has a passion for content creation and is an avid reader.
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