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Business Analyst Job Description: Roles, Scope & Salary5 min read

January 10, 2020 4 min read
business analyst job description

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Business Analyst Job Description: Roles, Scope & Salary5 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. They do so 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. They then effi­cient­ly con­vert those needs into prod­ucts and ser­vices in a cost-effi­cient yet prof­itable way.

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

  • Under­stand­ing the require­ments of busi­ness and uncov­er­ing areas in need of improve­ment.
  • Pro­vide cost-effec­tive solu­tions for iden­ti­fied prob­lems.
  • Demon­strat­ing the lead­er­ship qual­i­ties to inspire the team to achieve their full poten­tial.
  • 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 & com­mu­ni­ca­tion skills.
  • Expe­ri­ence in lead­ing and work­ing in teams.
  • The abil­i­ty to influ­ence busi­ness part­ners.
  • Knowl­edge of con­duct­ing a cost-ben­e­fit analy­sis.
  • Excel­lent plan­ning and time man­age­ment skills.
  • Domain Knowl­edge.
  • An overview of IT process­es.
  • Abil­i­ty to work under pres­sure on a num­ber of projects with­in the stip­u­lat­ed time peri­od.
  • Be able to accept change at any time.

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. This skill set 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. Ana­lysts should have good inter­per­son­al skills and want to grow their 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.
  • Busi­ness Archi­tect:  With a good under­stand­ing of the enter­prise, a busi­ness archi­tect is to observe the orga­ni­za­tion, form­ing a gen­er­al per­spec­tive. You can improve your work effi­cien­cy and have ratio­nal­ized busi­ness oper­a­tions if you make a career as a busi­ness archi­tect. 

Apart from these core options related to the field of a business analyst, an employee also has scope in other areas like;

  • Qual­i­ty Con­trol
  • Big Data Ana­lyt­ics
  • Busi­ness Process Mod­el­ing, to name just a few of the many domains where the scope of busi­ness ana­lyst pre­vails.

A few of the top leading companies that offer jobs in the department of business analyst are;

  • Wipro
  • Accen­ture
  • Deloitte
  • IBM
  • TCS, etc.

Salary

In India, the demand for a Busi­ness Ana­lyst in top IT com­pa­nies is enor­mous. A typ­i­cal aver­age 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.

How­ev­er, there are a few oth­er points as well that you should keep in mind while think­ing about the salary of a busi­ness ana­lyst;

  • The salary of a busi­ness ana­lyst is not just lim­it­ed to the above men­tioned dig­its. Since the demand of Busi­ness Ana­lysts is ever increas­ing, the salary of busi­ness ana­lysts con­tin­ues to grow. 
  • More­over, with a cer­ti­fi­ca­tion degree, the salary con­tin­ues to grow fur­ther. Just make sure that the cer­tifi­cate in busi­ness analy­sis is indus­try rec­og­nized. 
  • The more the expe­ri­ence, the high­er the salary. Salary and expe­ri­ence are direct­ly pro­por­tion­al to each oth­er. 
  • Based on the indus­try, the salary of a busi­ness ana­lyst varies. 

So, if you love the idea of eval­u­at­ing and ana­lyz­ing data, this job is meant for you. It gives you the oppor­tu­ni­ty to devise solu­tions as well as man­age a num­ber of indi­vid­u­als. 

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