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Business Analyst: Job Roles, Salaries and Career Prospects

by Croma Campus
Business Analyst

Introduction

By bringing business needs together with learned skills, a Business Analyst comes up with ways to boost organizational efficiency. IIBA (International Institute of Business Analysis) has described a Business Analyst as “an agent of change”.  You will need to understand the current organizational situation, identify future needs and create solutions to help meet those specific needs in the context of software systems and information. In this segment, you will be briefed about everything you wish to know about a Business Analyst, his roles & responsibilities, average salaries, and various career options available. To be an expert in Business Analytics, you would need to enroll for its certification and the institute Croma Campus has proved to be the best Business Analysis Training in Noida. These certifications and training are designed to provide real-time-based exposure to the candidates and make them industry ready.

What does a Business Analyst do?

A Business Analyst is a professional who evaluates how an organization operates and recommends ways to improve productivity and reduce costs. There are several aspects involved in a Business Analyst’s role and responsibilities, but the main role of a Business Analyst is to solution-oriented changes in the organization including process optimization, identifying fresh business opportunities, minimizing cost, and a lot more. A Business Analyst plays a significant role in communicating between the internal departments of an organization and external parties. A Business Analyst can be named differently depending on the core nature of the work he is going to handle. Therefore, a Business Analyst can be interchangeably called as-

  • System Analyst
  • Process Analyst
  • Enterprise Analyst
  • Business Systems Analyst
  • Product Manager
  • Product Owner
  • IT Business Analyst

Average Salary and Compensation

The average salary of an Analyst ranges between 3 Lakhs to 15 Lakhs with an average annual salary of 7 Lakhs. A Business Analyst’s job outlook is quite bright as this role exists permanently in organizations and after 1 to 5 years, most beginners make headway into advanced positions which will increase the average salary package that a beginner gets. However, the estimate may increase or decrease depending on factors like experience, location, skill set, and type of industry of course. Those who work in the financial industry tend to earn more as compared to those working in other industries.

Career

A career as a BA has diverse growth opportunities. Using data-driven insight, a Business Analyst can support an organization’s success. Generally, graduates or degree holders in business administration, finance, economics, and statistics are hired by companies for this job profile. However, industry-recognized certification can enhance your career opportunities. There are a no of certifications available for candidates who wish to get an express entry by doing those certifications-

  • Entry Certificate in Business Analysis (ECBA)
  • Certified Business Analysis Professional (CBAP)
  • Certification in Business Data Analytics (IIBA-CBDA)
  • Certification of Competency in Business Analysis (CCBA)
  • Certificate in Cybersecurity Analysis (IIBA-CCA)

Conclusion

Since businesses and industries are increasingly relying on data analytics to gain a competitive edge. The demand for Business Analysts is also rapidly increasing. One of the best ways to prepare for a career in business analysis is to enroll in Business Analysis Online Training in India. Those who earn certification can enjoy greater job security, and higher salaries, and can potentially lead an analytics department in an organization. So, certainly, these training and certifications can prove to be a catalyst in your career path and progression.

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