Business analysts are professionals in high demand. Both employment opportunities and compensation are increasing for this role. Find out how to become a business analyst in 2025.
Business analysts are change agents in organizations. They leverage multidisciplinary skills to improve business processes, make strategic business decisions, and identify opportunities to improve business outcomes.
Today, every company needs business analysts to help them stay ahead of the curve and keep up with the evolving industry landscape. Therefore, business analysts are in high demand. From 2022 to 2032, the Business Analyst market will be 9.7% in the usa
What does a business analyst do?
From acting as a liaison between a software agency’s IT and business teams to improving a company’s marketing and financial operations, business analysts play a variety of roles in the industry. In short, their responsibilities vary from company to company.
They act as project managers and manage projects from inception to delivery. They analyze data and create reports for the leadership team. They conduct research and stay up to date with the latest trends and practices shaping the industry.
However, there are four important tasks that business analysts typically perform.
1. Create a strategic plan
Identify opportunities to improve your business and help your team recognize opportunities to help grow your business.
2. Solve business problems
Think critically to understand business challenges and solve them for better results.
3. Analyze the data
Analyze available data and identify areas of your business that can be improved. Share reports and improvement recommendations with stakeholders and business teams.
4. Design process
Build processes that maximize efficiency and improve business outcomes.
Skills required for business analysts
The Business Analyst role is cross-functional and requires someone with technical and collaboration skills. You need these skills to excel as a business analyst.
1. Business acumen:
Business analysts identify opportunities to help companies improve their operations and processes. Understanding various business functions such as finance, accounting, and marketing is essential to identifying gaps and determining the best way to fill them.
2. Communication:
Business analysts talk to multiple people within an organization, including executives, developers, and other stakeholders. Therefore, you should be able to communicate your ideas well.
3. Data analysis:
A business analyst’s role is to recommend solutions, and data is a key element in doing so effectively. A data-driven approach requires data to be collected and analyzed regularly to confirm the effectiveness of the solution. Knowledge of tools like Power BI, Tableau, and Excel will help you excel as a business analyst.
4. Business analysis techniques:
Knowledge of strategic decision-making tools like SWOT analysis and other industry-specific methodologies like agile business analysis, Six Sigma, and streamlined unified processes will help you excel as a business analyst.
How do I become a business analyst?
The easiest route to becoming a business analyst is to earn a degree in business analytics and do internships as you near graduation until you find your first full-time job in the industry. If you don’t have a degree in business analysis, follow these steps.
1. Obtain a bachelor’s or master’s degree
To step into the shoes of a business analyst, a degree in finance, business, marketing, accounting, or a related field is essential. If you don’t already have an undergraduate/graduate degree, consider these programs in business analytics.
A) Deakin University Bachelor of Business Analytics
The undergraduate three-year online program provides hands-on experience with real-world projects.
B) Arizona State University Master of Science in Business Analytics (MS – BA)
The program is nine to 16 months long and offers five distinctive tracks: Supply Chain Analytics, FinTech, Marketing Analytics, Big Data, and Specialized Technology Consulting.
2. Take an online course/certification
Business analytics is an evolving field. Both self-paced online programs and offline courses can help you develop your skills to match the demands of your current role. If you are an experienced business analyst and want to move into a leadership role or switch to a business analyst role, earning a business analyst certification could be a good option. there is.
If you’re starting your business analytics journey, entry-level certifications like ECBA or CFLBA can be helpful. However, if you have professional experience in business analysis, CCBA, CBDA, CBAP, CALBA, and similar certifications are better choices.
3. Build your portfolio
Showcase your skills and experience with the projects you complete in your courses/certifications. If not, work on some real-world projects to demonstrate your skills and expertise in business analysis.
4. Get an entry-level job
Once you’ve completed your projects and created a portfolio to showcase, it’s time to start building your resume and applying for business analyst jobs. Before you attend the interview, read the frequently asked questions during the Business Analyst interview.
conclusion
Business analysis is a rewarding career. Businesses of all sizes need business analysts to transform their business processes and enable growth. Job opportunities and compensation for business analysts are both increasing. If you want to build a career as a business analyst, start now!
related: The Future of IT: Business Predictions and Trends for 2023
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