How to Become a Business Analyst

How to Become a Business AnalystHow to Become a Business AnalystIts one of the most searched for jobs in America right now according to Forbes. And it was on Glassdoors list of top jobs in America in 2015. But the term geschftsleben analyst is broad in relation to industries these professionals operate in, and its confusing with the different job titles associated with the role. Is it the same as a business consultant or management consultant? How about a management analyst or systems analyst? Step one is knowing what the role entails. Understand the Role Analysts leverage their skills towards a specific field, or domain, such as the insurance, health, or finance sectors. In all cases, they work with managers, IT, and relevant stakeholders to develop systems and solutions that drive the company forward. Various issues force a company to make adjustments. Inefficient systems, outdated policies, and unsuitable equipment are examples. A business analyst must spot barriers to progres s and competitiveness and suggest ways to overcome them. As part of this, they Evaluate company data to identify areas of weaknessRecommend changes and improvements based on data modeling methodsAssess feasibility and impact of changesDocument findings and present them to stakeholdersValidate and verify requirementsIncrease efficiency and productivity Acquire and Leverage Skills The next step is to analyze your skills and compare it with those that are essential for the job. The position calls for these soft skills, transferable skills, and hard skills Analytical skills - Identify and understand the real problems facing a company. These are not always obvious.Critical thinking and evaluation skills - Listen to stakeholders and ask the right questions to determine needs. Then critically evaluate those needs to ensure they address underlying problems.Problem-solving skills - Facilitate understanding of problems affecting a project and enable all stakeholders to achieve mutual agre ement on solutions.Research skills - Analyze documents, observe procedures, and bewerberinterview relevant parties to pinpoint core issues. Written and verbal communication skills - Meetings, interviews, and discussions help a business analyst understand company requirements. This could be face-to-face or in a virtual setting. Clear and concise writing skills are necessary to document and share findings and action plans.Interpersonal skills - Disagreements always occur over prioritizing steps forward. And implementing change isnt possible if teams dont cooperate. So interpersonal skills are non-negotiableOrganizational skills - Analysts pour over volumes of data. They must prioritize tasks and be efficient with time and resource allocation. Good organizational skills mean they communicate important information to the right people. Technical skills - On paper, IT skills arent essential to the job besides basics like Microsoft Office proficiency. But since its such a broad field, busi ness analysts often do more than youd expect. Thats why a list of technical skills accompanies most job listings. These may include SQL, Oracle, .NET, C, and many others. Become Qualified Most positions require a bachelors degree in business administration or related areas. Popular majors include Computer scienceAccountingInformation TechnologyInformation systemsManagement Information Systems A bachelors degree will allow you to secure an entry-level position as a business analyst. After building up work experience, certification strengthens your position. The International Institute of Business Analysis (IIBA) offers Certification of Competency in Business AnalysisTM (CCBA) and Certified Business Analysis ProfessionalTM (CBAP programs. The Institute of Management Consultants (IMC) certifies at basic, experienced, and management levels. A minimum of 3 years experience is necessary for the basic course. The Chartered Institute for IT offers Foundation, Practitioner, Professional, and Consultant and Expert certificates. While a bachelors degree is standard for entry-level positions, hirers often want a graduate degree too. Relevant masters degrees include Master of Science in Business Analytics (MS-BA)Master of Science in Information Management (MSIM)Master of Business Administration (MBA) Gain Experience Many industry professionals and developers become a business analyst for new career challenges. They have valuable expertise and skills, and they can boost their portfolios through certification. If youre working towards entering the field, apply for internships while youre at college. Then gain experience through an entry-level position. Youll work with a team of consultants or senior analysts, and you can expand your knowledge and skills. Conclusion New job seekers or those interested in a career change should gain relevant qualifications and leverage skills to take up the role. Expand career opportunities through networking with LinkedIn analyst groups and by joining IIBA Chapters. Its a popular job nowadays, and demand for business analysts is forecast to continue. This article has since been updated by Laurence Bradford.