08 Apr Business Analyst – What You Need to Know About the Job
A business analyst plays a role in the seamless flow of the company’s business process. He works closely with the company’s stakeholders in order to get a better grasp of the structure, operation and policies of the organization. This will allow him to see the areas that need improvement. Upon seeing these areas, he will recommend solutions that the organization will implement to achieve its objectives.
A business analyst acts as the bridge between the management and Information Technology department of an organization. He works closely with both parties in order to see that all the stages in the business process are working to achieve company goals.
If he sees a stage that needs improvement, he will propose changes that will enable the company to achieve its desired results. BAs may also touch areas that involve human resources, finance and technology.
Business analysts are a hot item in the job market right now. Many companies need them because of the growing dependence of businesses on technology.
Why is There a Need for BAs
It’s natural for businesses not to invest in an IT project unless it is backed by solid business data. Based on these, a reliable BA works to create a solution to a present problem by acting as the bridge between the management and the people or department that can make it happen.
The chief information officer of a company relies on the BA to design and manage a project to solve a problem. Without the BA, a project might become too costly or plagued with mistakes. These can have a damaging effect on the company’s credibility and reputation. A business analyst should always be around to monitor the system flow of the business, manage a solution to problems, and propose methods that can help to improve productivity and reduce costs.
A good candidate for this position should have an undergraduate degree and at least five years of experience in a specific industry. Important skills include problem solving, risk assessment, negotiation, software development, good communication and attention to details. Programmers and systems analysts who have become BAs are the most competent candidates for any open position.
Where to Find Good BAs
It might sound unethical but it’s true – companies can find some of the most competent BAs in other companies that do similar business. A BA who is trying to find a similar position in another company must consider companies that do similar business as their present employer. This can help to shorten his job search as well as his adjustment period once he finds work.
Another potential source of BAs is the academia, but candidates from this source don’t have the experience and exposure that most companies desire.
Business analysts receive an annual salary range of between $45,000 and $100,000.
Marion S Wendell