In the Indian context, the role of a business analyst is one that has gained popularity only in the recent years. In the past, these people worked as a part of larger teams in multinational companies and there was a lot of teamwork involved in their functioning. These days, with the manufacturing sector in India becoming all the way more self-sufficient and a number of start-ups coming into the picture, the scope of job opportunities for business analysts is increasing by the minute. On a similar note, the duties that are performed by a business analyst are also in for a change.
By forming a link between the organisation's business objectives and information technology capabilities, these people play a pivotal role in steering the company towards profitability. With the job market undergoing tremendous changes, companies are looking to hire more such people.
That is because these people are the ones who give the organisation a competitive edge over others in the market. Thus, going by the changing market trends, it is clear that this is the perfect time for anyone who wants to start a career here. Read on to know more about pursuing a career as a business analyst in India.
• Job Description
Any company that is in the services sector focuses on translating the needs of the customer into something that they can deliver. The job of a business analyst is to facilitate that by organising all the requirements and translating and simplifying the same so that the same can be achieved in a cost-efficient manner.
Once that is done, they go ahead and do the required analysis on the same and communicate it with the relevant authorities.
• Skill Set Required
One must have good communication skills that must extend beyond that of mere colloquial language. A firm understanding of the concepts of systems engineering is necessary in order to do justice to the modelling techniques and technical documentation aspects.
It is only when one is blessed with analytical aptitude will they be in a position to do justice to the immense responsibilities that come with this profession. Basic computational skills along with a forte to convey your opinion to others are essential skills here.
• Educational Qualifications
The basic educational qualification that is required in order to shine in this field is that of a mere graduate degree. People who have completed their graduate degree in subjects like accounting, law or business are given preference for entry-level positions.
Those with a specialised degree like that of a chartered accountant or a company secretary are also allowed to pursue a career in this field. In some cases, candidates with a specialised diploma in this field are given preference over that of others. These diplomas or certifications can either be carried out part-time or they may of full-time in nature.
• Getting A Job
Once you have decided to pursue a degree in this field and have obtained the necessary qualifications, the next major thing would be to bag a job. You can start off by putting up a resume that highlights all the skills that give you an edge over others. In the world of business analysis, marks do not have much weightage, so, do not make the mistake of placing undue importance on the same.
Once you start getting interview calls, attend the same with confidence and chances are that you will land yourself with multiple jobs (this is because in the current market scenario there is a lot of demand for business analysts). Once you get the offer letters, make sure that you take time out and make an informed decision about which firm to join because that is what will determine your career path.
This is one of the most highly paid career options in today's context. Here fresher's start off with an average salary that is close to INR 4,00,000 per year. With experience and due expertise in things like functional analysis, requirement analysis and banking, the salary increases.
Candidates who are well versed in agile software development often find themselves earning as much as twice their peers.
• Work Environment
Most of the work of a business analyst can be carried out without working as a team and that is why these professionals are often seen working from home. However, in order to present the result of their analysis, they often have to travel to the office. The job nature might even require them to travel to the client site once in a while.
However, generally, these people do not have to work beyond the standard 9 to 5 or the traditional 5-day week. Some business analysts choose not to be employed and freelance with a number of organisations.
• Career Growth
For people who begin their careers as business analysts, in due course of time, they can choose to become operations head. As an operations head, they will be responsible for analysing the current products and services in the market to chalk out a specific solution to the same.
Those working as business analysts with IT firms can aspire to become CTOs as well. For non-IT firms, the equivalent designation would be that of a practise head. In either of the cases, it is seen that people in such posts are very highly paid.
Other than that, in the due course of time, such people can even rise to the position of delivery head and management consultant and rise to greater heights of professional achievement.
Thus, we see that the future is filled with immense possibilities for people who wish to pursue a career as a business analyst. Indeed, there is no looking back and once you get in here, you will only be shining brighter with every passing year. Here's wishing all the future business analysts the very best in life.