As organisations continue to expand steadily while meeting the customers’ and clients’ requirements, the role of business analysts is also increasing in demand. According to a recent survey by the Bureau of Labour Statistics, the demand for business analysts and management analysts will grow to 14% by 2030, which is significantly higher than other professions.
Business analytics is all about transforming information into insights. This profession has a strong record of helping organisations in improving efficiencies, thereby strengthening the demand across all business verticals, coupled with competitive salaries and a wide range of employment opportunities.
But do you know how to start a career in analytics? Let us take a look at the requirements, ways, and responsibilities needed to become one.
A Business Analyst, also known as BA, is a professional who focuses on helping a business deal with change by practising effective business analysis. This discipline includes identifying the specific needs of the business and planning solutions to the problems.
Simply put, these professionals have to deal with the facts and data in a data-oriented mindset and should keep up with the recent market changes. With this, they will develop the procedure and structure by evaluating the model or technology implementation.
Read more: Data Analyst vs Business Analyst: What’s the difference?
As data becomes more valuable to businesses, so does the role of business analysts. The roles and responsibilities of a business analyst differ from organisation to organisation. Moreover, the name of a business analyst is also mentioned by various titles, including business process analyst, process analyst, and product manager.
The major four levels of a business analytics in an organisation are,
ALSO READ: 5 ways how business analytics can help your business grow
As a business analyst, you are responsible for bridging the gap between IT and the organisation by implementing data analytics to assess the processes, determine requirements, and provide data-driven recommendations. Hence before you plan on how to start your career in analytics, here are some reasons to pursue the profession,
Read more: Career options with an M.Sc. in Business Analytics
The salary range of Business Analysts depends on the individuals’ experience level, the organisation’s location, and the industry type. In general, Business Analysts in the financial and technical fields earn more compensation than in the other fields.
A report from PayScale has revealed that the average salary for a Business analysis is around USD 67,762 in a year in the United States. While the salary range for Business Analysts in India is approximately INR 7,50,000 per year.
Nonetheless, after some years of experience, business analysts who have been in their entry-level position could drive their career path forward to pursue advanced, challenging positions as senior business management, projects manager, and more. The average salaries based on experience level per annum are mentioned below,
With the rapid changes and unpredictable economic conditions, organisations are looking for an expert Business Analyst. Having multi-functional expertise and critical skills for a business analyst is important before venturing into the real challenging world. Below are the top requirements to become a business analyst.
Is Business Analytics a good career? Yes, pursuing a career as a Business Analyst is highly rewarding and lucrative if you are an analytical thinker who is good at solving business problems. But how can you start a career in analytics? Below we have compiled the ways to guide you start a career in business analytics.
Steps on how to get a job in business analytics
Many employers like to prefer candidates with a master’s degree rather than a bachelor’s on their resume. To achieve a higher position in business analytics jobs in India, you should pursue a master’s in business analytics that could help you advance your sought-after, transferable skills and knowledge in business analytics.
Even after gaining a master’s in business analytics, you might want to add value to your education through online courses. Reviving the skills for business analyst expects by acquiring a certification course in business analytics is the best way to learn business analytics. It will help you to gain a holistic understanding of the profession and expand your skills, making you more competitive in the field of business analysis, where employers are actively hiring candidates with strong analytical skills and business expertise.
Whether you are a fresher planning to do an internship or an experienced individual who wants to enhance your skills, make sure to look for opportunities to work on projects. It will ultimately improve your practical data analytics skills and bring you one step ahead in your business analyst career.
While expanding your knowledge of the profession and building skills are crucial, developing your visualisation and presentation skills is equally important. Taking part in industry events, conferences, workshops, forums, and other events in the relevant sectors will provide you with exciting opportunities and aid in career development. With the rich resources and experience in visualisation tools like Power BI and Tableau, you can land your dream job.
After completing your certification or graduation course and honing your skills, you can now start applying for relevant positions. As a beginner, starting as an entry-level business analyst role demands little to no experience and guides you on how to start a career in analytics and build a prosperous professional path.
You should develop domain knowledge if you don’t have experience or want to move from a different career to a business analyst role. You can enrol in an online business analytics certification course and get involved in the project work to become an expert in the field.
Yes, you can learn the basics of business analytics on your own. It involves a certain amount of hard work and adequate course materials. Suppose you are from a different domain or a working professional. In that case, it will be best to enrol in relevant online degree or certification courses that will help you to learn at your own pace, anytime and anywhere.
Yes, but business analytics doesn’t involve the in-depth implementation of concepts in maths and Python. Considering the primary language for the profession is numbers, maths is a building stone for the career. Hence it is expected to have expertise in fundamental concepts, including correlation, causation, and test hypothesis.
In general, business analytics combines the field of business, management, and computer science. The important subjects that need to be learned in business analytics are finance, business analytics, account management, business management, human resource management, sales, and marketing.
Any interested candidate can pursue a career in business analytics. However, if they are not from a relevant academic background, including Science or Commerce, it will help them to explore maths and statistics at a higher level.
Coding is not necessarily required to work as an analytics professional. Even though business analysts deal with IT processes, the ability to write coding will help advance their career to new heights.
Yes, there are variousbusiness analytics jobs for freshers. They can make their way towards a career as business analysts in entry-level positions. However, they need to complete relevant online certification courses from reputed institutions to acquire great knowledge and industry experience.
Considering the growth opportunities and competitive benefits, it is no wonder most critical thinkers are taking on this interesting career path. Online Manipal offers flexible and standardised online PGCP and Master of Science in Business Analytics courses that will help aspiring individuals kick start their careers as business analysts. At the end of the course, you will be equipped with a business analyst’s practical and competitive skills with a comprehensive understanding of the role in both traditional and agile-based projects.
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.
Become future-ready with our online M.Sc. in Business Analytics program
CourseMaster of Business Administration
Bachelor of Business AdministrationBachelor of Computer ApplicationsBachelor of CommerceMBA- Banking and Financial ServicesMaster of Computer ApplicationsMaster of CommerceMaster of Arts in Journalism & Mass CommunicationMSc Data SciencePGCP in Data Science & Machine LearningMSc Business AnalyticsPGCP Business AnalyticsPGCP Logistics and Supply Chain
InstitutionManipal University JaipurManipal Academy of Higher EducationT. A. Pai Management InstituteManipal Institute of Technology
I authorize Online Manipal and its associates to contact me with updates & notifications via email, SMS, WhatsApp, and voice call. This consent will override any registration for DNC / NDNC.
Enter the code sent to your phone number to proceed with the application form
COURSE SELECTED Edit
Bachelor of Business Administration (BBA)
Manipal University Jaipur