Hello Readers! Our today’s topic is ” What is a Business analyst? Roles, Responsibility, Skills, and Certification”. So few questions are arising in your mind who is a business analyst? What does he do? What are the skills and certifications required? What is the role of a business analyst? and what is the expected salary?? You will get a clear idea about all these terms in this blog. Lets, get started.
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Who is Business Analyst?
Business Analyst plays an important role in recent business scenarios. They (BAs) are responsible for bridging the gap between IT and the business. Generally, people think that the Business Analyst role is to make money, but it not a totally true indirect context. They do data analytics to access processes, determine requirements, and deliver data-driven recommendations and make a report to send it to executives and stakeholders to increase the total revenue of a company.
Business analysts engage with company leaders to understand the work-flow how data-driven changes to process, products, hardware, software, services to improve it, and all extra value. They must have eloquent about those ideas but also have the ability to balance with technical feasibility, financially and functionally reasonable. According to the role, business analysts must have work with datasets to improve all products, services, and tools.
What business analyst do?
The primary responsibility of business analysts to communicate with all stakeholders analyze and validate the changes requires for better business processes, information systems, and policies and work closely with financial and IT teams to make strategies to improve importing and optimize costs.
According to Robert Half Technology, one business analyst need to “‘ strong understanding of regulatory and reporting requirements as well as plenty of experience in forecasting, budgeting, and financial analysis combined with the understanding of key performance indicators ‘”.
A professional business analyst always has a big contribution to move the organization towards efficiency, productivity, and profitability.
Before going into deep let’s take snaps of a business analyst job description.
- Understanding and creating a step-by-step business analysis, outlining the problems, sketching the opportunities and solutions for a business.
- Budgeting and forecasting
- Design new features
- Planning and monitoring new products
- Make the variance analysis
- Monitor the pricing
- Reporting to head executives
- Defining business requirements and reporting them back to stakeholders.
According to Bob Gregory, a professor and academic program director for the business analysis and management degree program at Bellevue University ” Identifying and then prioritizing technical and functional requirements tops the business analyst’s list of responsibilities.
Business analyst skills
At the position of business analyst, it required both hard and soft skills. A business analyst must know how to extract, analyze, and implement data trends, and able to share that information and apply it to the business side. One should require both IT knowledge and business expertise to be perfect at this hybrid role position but it not necessary for all some are better in IT than business vice-versa. Let’s look at
A good business analyst must have these following skills:-
- Have strong Oral and written communication skills
- Analytical thinking and problem solving
- Interpersonal and consultative skillls
- Leadership skills
- Facilitation skills
- Detail-oriented with high level of accuracy
- Business process and planning
- Technical skills
- Organizations skills
- Cost benefits analysis
- Stakeholder analysis
- Process mdeling
Business analyst salaries
The term business analyst means any from lower-level analyst to an extremely well-paid independent consultant. Now job prospectus for Business analysts rises every year the average salary also increasing, according to Payscale, the average salary of a business analyst is &67,762 per year. The range of salary is from $65k to $130k.
According to the U.S Bureau of Labor Statics, the BA job is predicted to increase by 19% between 2012 to 2022.
Average Salary for Business Analyst – Glassdoor: $69,163 per year
Average Salary for Business Analysts – PayScale: $66,319 per year
Total Pay Range: $49,000 – $93,000
Business Analyst, IT
Average Salary for Business Analysts in IT – PayScale: $8,254 per year
Total Pay Range: $49,000 – $96,000
Business Intelligence Analyst
Average Salary for Business Intelligence Analysts – Glassdoor: $80,154 per year
Average Salary for Business Intelligence Analysts – PayScale: $67,263 per yearTotal Pay Range: $49,000 – $95,000
Certifications in Business Analyst
Business analytics is a relatively new area in IT, very few good organizations are offering to get a certification and prove your merit as a Business analyst. Organizations like IIBA, CBAP, IREB, IQBBA, and PMI. The certification exam is an online and multiple-choice question.
Few certifications in Business Analyst are:
- IIBA Entry Certificate in Business Analysis (ECBA)
- IIBA Certification of Competency in Business Analysis (CCBA)
- IIBA Certified Business Analyst Professional (CBAP)
- IIBA Agile Analysis Certification (AAC)
- IQBBA Certified Foundation Level Business Analyst (CFLBA)
- IREB Certified ProfessionalPMI for Requirements Engineering (CPRE)
- PMI Professional in Business Analysis (PBA)
Business analyst roles
Business analysts are not only from the business backgrounds they can be from any sector, and roles may differ depending on the sector. The role of a business analyst is to analyze real-time data using analytics programs to find user trends, successful functions, and potential user adoption. This extracted and analyzed data is an important asset for the company in development.
“One more key value in the concept of a business analyst to lead as a product owner among line with IT, digital, software development and business shifts”, says Kelly Emo, director of product and solutions marketing for application life cycle and quality at HPE software.
Now due to the change of the way of expansion and the faster, more iterative piece of software development has changed BA’s responsibility. BA’s working in a classic environment involved at the front end, gathering, analyzing, and prioritizing user requirements, before handling to developers and move on to another project. Meanwhile, business analysts are working on more than one project simultaneously.
Business analysts are divide into the following categories:-
- Business Analyst
- Business Process Analyst
- Business System Analyst
- System Analyst
- IT Business Analyst
- Data Analyst
- Functional Architect
- Usability or UX Analyst
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The business analyst role is to deal with different layers of an organization. They are all-rounder with expertise in many fields and play important to make co-ordination among all.
- A good business analyst has:
- Leadership Skills
- Analytical skills
- Business skills
- Technical Skills
- Tools that can help the Business analysts to become fast and accurate TopTeam Analyst, SmartDraw, Blueprint, etc.
- Online certification course for BA’s available by institute like IIBA.