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Table of contents
1.
Introduction
2.
Who is Business Analyst?
3.
What is the Domain of Business Analyst?
4.
What are the Roles and Responsibilities of Business Analyst?
5.
How to become a Business Analyst?
6.
How can Business Analysts improve/contribute to the company?
7.
What is the Salary of Business Analyst?
8.
Skills for Business Analyst
9.
Future picture of Business Analyst
10.
Top companies for the role of Business Analysts
11.
Frequently Asked Questions
11.1.
Is a Business Analyst an IT job?
11.2.
What does a Business Analyst do?
11.3.
What makes a good Business Analyst?
11.4.
Who does a Business Analyst work with?
11.5.
What is the business analyst's role in agile?
12.
Conclusion
Last Updated: Mar 27, 2024

Roles and Responsibilities of Business Analyst

Author Sagar Mishra
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Introduction

Hey Ninjas! Welcome back to the blog. Have you ever been amazed at the process after a developer creates software? How does that software go to the market? Who helps companies launch their software? The answer to all these questions is Business Analyst. There are many different articles on the Roles and responsibilities of Business Analyst, but none of them clearly states all of the aspects.

This article will discuss the Roles and responsibilities of Business Analyst and resolve all of the doubts in your mind about a Business Analyst.

Roles and Responsibilities of Business Analyst

Who is Business Analyst?

Business Analyst

A business analyst is a specialist who analyses data to assist org in making decisions that will result in practical business solutions. The IT and financial teams work together with the business analyst. The majority of org rely on them for support with financial, variance analysis, pricing, and reporting, as well as budgeting and forecasting.

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What is the Domain of Business Analyst?

The role of Business Analysts is a crucial part of the project team. A business analyst can work in many fields. A few of them are listed below.

  • Business Process Analyst
     
  • IT Business Analyst
     
  • System Analyst
     
  • Usability or UX Analyst
     
  • Data Analyst
     

Let's now discuss the roles and responsibilities of Business Analyst.

What are the Roles and Responsibilities of Business Analyst?

Roles and Responsibilities

The Roles and Responsibilities of Business Analyst include the following:

  • The primary responsibility of business analysts is to create unique solutions for strategic and tactical issues.
     
  • The skill to engage with others and stakeholders to grasp important business requirements in depth.
     
  • Proficiency in report writing and presentation skills to show the impact of your changes.
     
  • You have to be involved in testing, surveys, and workshops daily.
     
  • Managing ongoing audits of business operations and creating strategies for optimisation.

How to become a Business Analyst?

It is now easier than ever to land your dream job properly because of the variety of data available to us. You can use the following stages to learn how to become a business analyst:

  • Get a bachelor's degree: To work in this field, you need a bachelor's degree. Students who want to work in business analytics generally come from engineering, accounting, finance, and business administration fields.
     
  • Advanced degree in business analytics: To finish your undergraduate training, consider completing an advanced degree in business analytics, data science, statistics, finance, or economics.
     
  • Earn certificates: Graduates who want to advance to new positions or learn key knowledge can earn certificates to show their proficiency.
     
  • Gain real-world experience: Get a head start if you're a fresher by pursuing summer internships in similar fields.

How can Business Analysts improve/contribute to the company?

The Business Analyst team contribute to the company in many aspects. Some of these aspects are

  • Defining scope: The business analyst is able to explain how business needs can be satisfied with the highest productivity boost and the least amount of economic effect.
     
  • Facilitating requirements discussions: The business analyst will guide and facilitate the meetings, making sure that each stakeholder is fairly represented.
     
  • Serving as a representative of the business: To minimise the impact of the business stakeholder's absence on the project, the business analyst can act as an advocate for them.
     
  • Assisting with testing: The business analyst adds value during testing and deployment to make sure the solution satisfies the client's needs.

What is the Salary of Business Analyst?

Salary

Designation

Average Salary

Business Analyst (0-2 years experience) ₹6,09,000 per annum

**The salary mentioned above is only an estimate. The actual salary may vary.**

Skills for Business Analyst

Skills

Both hard and soft talents are required for the job of business analyst. Business analysts must be able to gather, analyse, and report data patterns and share that knowledge with others so that it can be used on the corporate side of the business.

If business analysts have a basic understanding of how systems, products, and tools function, they do not necessarily need an IT degree. On the other hand, some business analysts are interested in moving from IT to this hybrid function, even though they have a solid IT background but little business experience.

Let's now discuss the skills required for the Business Analyst.

  • Oral and written communication skills
  • Capable of delivering a high level of accuracy
  • Knowledge of the business structure
  • Stakeholder analysis
  • Requirements engineering
  • Costs benefit analysis
  • Processes modelling
  • Facilitation skills
  • Understanding of databases, networks, and other technology
  • Interpersonal and consultative skills
  • Analytical thinking and problem-solving.
  • Organisational skills

Future picture of Business Analyst

With a rapidly evolving market in the twenty-first century, the business landscape is also changing quickly. This naturally creates new business issues as the need for innovative solutions rises. The growth of new, modern tools is on the one hand, and the rising business pressure on clients to put those technologies into use is on the other.

As a result, it is now more difficult to win over clients with commercial solutions. The corporate analysis is crucial in this situation since it delivers the best strategies for overcoming business issues. Without question, this offers the business analyst a bright future.

Top companies for the role of Business Analysts

Following is the list of top companies which are good for the role of Business Analyst.

  • Mu Sigma Analytics
  • Manthan
  • Latent View
  • Convergytics
  • UST Global
  • BRIDGEi2i
  • Fractal Analytics
  • Tiger Analytics
  • Absolutdata
  • Cartesian Consulting
     

Note: Apart from the above-mentioned companies, there are many other companies which are good for the role of Business Analyst.

Frequently Asked Questions

Is a Business Analyst an IT job?

Business analysts don't usually work in IT, but they serve as a bridge between IT and the executive branch, evaluating examined data to guide business choices. Business analysts are referred to as IT Business Analysts if they have chosen to focus on the IT industry.

What does a Business Analyst do?

A business analyst analyses large data sets to find efficient strategies to increase organisational performance. They create logical conclusions and forecasts by applying tactics that can boost business performance through data analytics.

What makes a good Business Analyst?

Strong problem-solving, critical thinking and communication skills are essential for a successful business analyst. They are expected to come up with original, creative solutions to issues.

Who does a Business Analyst work with?

To ensure that all parties are on board with solving specific problems, business analysts work with colleagues, top management, and stakeholders.

What is the business analyst's role in agile?

Working with the development team to capture the steps taken during the software development life cycle is the responsibility of an agile business analyst.

Conclusion

In this article, we discussed the topic of the Roles and responsibilities of Business Analyst. We started by introducing Business Analyst. Then we discussed domain, responsibilities, career, contribution, salary, skills, and top companies for Business Analyst.

We hope this blog has helped you enhance your knowledge of the Roles and responsibilities of Business Analyst. If you want to learn more, then check out our articles.

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