With titles like Business Analyst and Financial Analyst, it’s easy to find oneself confused. Although they might sound somewhat similar, each carries a unique set of responsibilities, skill sets, and perspectives that cater to distinct aspects of a business. Despite both titles containing the word ‘analyst,’ these professionals operate in different spheres, each contributing to the overall success and prosperity of an organization in their unique way.
A business analyst is a professional who uses data to assess the processes, systems, and operations of a business and identify areas that can be improved. They are instrumental in guiding businesses in improving processes, products, services, and software through data analysis. Some of the roles of a business analyst include requirement gathering & analysis, business process improvement, data analysis, project management, risk management, and more.
A financial analyst is a professional who studies various financial data and uses their findings to help companies make business decisions. They work in a variety of sectors, including banking, insurance, investment services, manufacturing, and healthcare. Their analysis forms the basis for strategic planning, investment activities, risk management, and financial forecasting.
Before we see how to become a business analyst in India, let’s discuss the roles and responsibilities of a business analyst
Also read: Important business analyst skills
Read more: Easy guide on how to become a financial analyst
The average salary for a business analyst in India is INR 8.5 LPA. However, your salary will depend on various factors like master’s degree, technical knowledge, relevant skills, and the company you work for. You can also explore business analyst jobs abroad. In the US, the average salary for a business analyst is USD 94,425 per annum.
The average salary of a financial analyst in India is INR 5.7 LPA. If you want to explore this job opportunity in the US, the average salary is USD 74,647 per annum.
Business analyst educational requirement
To become a business analyst, having a business-related degree is helpful. You can be a business analyst with an undergraduate or a postgraduate degree. However, the chances of landing a good job as a business analyst after an undergraduate degree are very low in India. Hence, many people opt for a master’s degree, a PG diploma, or online certification or degree.
The following educational qualifications can help you to become a business analyst:
Read more: Concepts in business analytics
Financial Analyst educational requirement
A financial analyst needs to have a lot of quantitative skills, so pursuing a degree in a related field can help you. The following educational qualifications can help you to become a Financial Analyst:
If you are looking to become a business analyst, then you can enroll for an online MSc in Business Analytics offered by Manipal Academy of Higher Education, through Online Manipal. You can also choose an online MBA in Business Analytics.
If you are looking to explore a career as a financial analyst, you can pursue your online MBA in Finance offered by Manipal University Jaipur.
With Online Manipal, you can attend classes scheduled at convenient timings, access extensive e-learning materials and e-books, study at your own pace, interact with peers & faculty, and get placement assistance services, all at an affordable price.
Information related to companies and external organizations is based on secondary research or the opinion of individual authors and must not be interpreted as the official information shared by the concerned organization.
Additionally, information like fee, eligibility, scholarships, finance options etc. on offerings and programs listed on Online Manipal may change as per the discretion of respective universities so please refer to the respective program page for latest information. Any information provided in blogs is not binding and cannot be taken as final.
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CourseMaster of Business Administration
Bachelor of Business AdministrationBachelor of Computer ApplicationsBachelor of CommerceMaster of Computer ApplicationsMBA- Banking and Financial ServicesMaster of CommerceMaster of Arts in Journalism & Mass CommunicationMSc Data SciencePGCP in Data Science & Machine LearningMSc Business AnalyticsPGCP Business AnalyticsPGCP Logistics and Supply ChainBachelor of ArtsMA in EnglishMA in SociologyMA in Political Science
InstitutionManipal University JaipurManipal Academy of Higher EducationManipal Institute of Technology
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