As a business analyst, your job is to study the market and analyze the product lines and profitability of a business. You can then take that knowledge and help a business identify certain problems and come up with solutions.
Business analysts are important for the future of many businesses, they help with budgeting and predicting the market. Plus, they're helpful in identifying problems that business owners didn't even know existed.
In order to help businesses have brighter futures, you're going to need a bachelor's degree and probably some real world experience as well - let's say maybe 5 years. Basically, you've got to know what you're doing to become a business analyst.
There is more than meets the eye when it comes to being a business analyst. For example, did you know that they make an average of $34.98 an hour? That's $72,753 a year!
There are certain skills that many business analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed creativity, analytical skills and communication skills.
When it comes to the most important skills required to be a business analyst, we found that a lot of resumes listed 14.0% of business analysts included business process, while 12.3% of resumes included to-be, and 9.2% of resumes included user interface. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the business analyst job title. But what industry to start with? Most business analysts actually find jobs in the technology and finance industries.
If you're interested in becoming a business analyst, one of the first things to consider is how much education you need. We've determined that 48.5% of business analysts have a bachelor's degree. In terms of higher education levels, we found that 37.4% of business analysts have master's degrees. Even though most business analysts have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a business analyst. When we researched the most common majors for a business analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on business analyst resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a business analyst. In fact, many business analyst jobs require experience in a role such as senior business analyst. Meanwhile, many business analysts also have previous career experience in roles such as systems analyst or project manager.