The role of a business analyst in today’s companies is expanding. Many companies now combine the once separate roles of the business process analyst, the IT business analyst, and the systems analyst into a single position, the traditional business analyst.
What does today’s business analyst do?
It is simplest to think of the modern business analyst as an employee who has the job of helping a business operate more efficiently by solving problems that reduce its productivity and profitability — a “Mr. Fix-It” for business (ModernAnalyst.com).
A business analyst accomplishes this by first understanding what a business does and by learning the exact procedures and tools that employees currently use to complete tasks. Then, the business analyst must identify the unique obstacles a business faces and how the current processes can be modified or replaced to overcome these obstacles. Some business analysts are also responsible for researching the technologies to find those that match the needs of the business. Then, the business analysts are responsible for implementing and training employees on the new technology to help increase productivity.
It is important to note that not every business analyst position requires the employee to be fluent in up-to-date technologies or even to work with IT to create technologically based solutions at all. Most business analysts specialize in particular aspects of the position, and they work on a team to complete goals as group.
A successful business analyst must have the ability to:
interact with a wide range of employees, management, stakeholders and clients;
design and conduct research to identify the obstacles preventing a business from performing better;
identify possible technological and non-technical solutions, including new processes, structures or technology to improve the business;
communicate technological complexities to non-technology-literate stakeholders;
train the staff how to implement technological and non-technical solutions, and
think outside the box to find new solutions to old problems.
What education do you need to become a business analyst?
A business analyst needs to possess a wide range of business knowledge, and, depending on the responsibilities of a given position, having an extensive knowledge of up-to-date technological information might be crucial. At the very least, most companies require a new hire to have a bachelor’s degree in information technology, business administration or another finance-related degree. Many businesses find it is advantageous to hire a business analyst who possesses a background working in the same industry.
What are the rewards of being a business analyst?
Business analysts receive many rewards in their position. Depending on the particular responsibilities, an average salary for an entry-level business analyst is around $59,000 per year. The average business analyst with more than five years of experience earns approximately $70,000 per year. Besides a good salary, business analysts are generally happy with their choice of career, and they enjoy the opportunities the job allows them to constantly learn and update their skills.
Central Christian College of Kansas Online is a fully accredited, not-for-profit religious program offering bachelor degrees in a large number of fields. Learn how you can create a better life starting today.