A business analyst/manager find ways to increase productivity and reduce costs and serve as a liaison between IT and business teams. They also determine operational objectives, manage project analysts and other staff, and write project schedules. They are required to travel frequently in order to meet clients. Such professionals are hired by organizations that want to streamline their business interests and increase profitability.
The tasks that you will be performing within this capacity include, but are not limited to, creating budgets and verifying them, managing and overseeing the staff, hiring and training staff, increasing productivity, writing schedules, and reducing the organization's expenses by cutting costs and other means.
Essential skills needed for the position include critical thinking, problem-solving, management, communication, objectivity, and familiarity with computer software. Educational requirements include a bachelor's degree in business management or a similar field. Moreover, companies prefer an individual who has five years or more of related work experience in business or management.
The position comes with generous monetary compensation. The average hourly salary of a business analyst/manager is $50.53, which amounts to $105,096 annually. The career is expected to grow in the near future and create more opportunities across the United States.
There is more than meets the eye when it comes to being a business analyst/manager. For example, did you know that they make an average of $47.96 an hour? That's $99,753 a year!
Between 2018 and 2028, the career is expected to grow 14% and produce 118,300 job opportunities across the U.S.
There are certain skills that many business analyst/managers 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 analytical skills, communication skills and interpersonal skills.
When it comes to the most important skills required to be a business analyst/manager, we found that a lot of resumes listed 29.4% of business analyst/managers included business process, while 11.6% of resumes included project management, and 6.8% of resumes included sigma. 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/manager job title. But what industry to start with? Most business analyst/managers actually find jobs in the technology and finance industries.
If you're interested in becoming a business analyst/manager, one of the first things to consider is how much education you need. We've determined that 62.6% of business analyst/managers have a bachelor's degree. In terms of higher education levels, we found that 16.6% of business analyst/managers have master's degrees. Even though most business analyst/managers 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/manager. When we researched the most common majors for a business analyst/manager, 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/manager 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/manager. In fact, many business analyst/manager jobs require experience in a role such as business analyst. Meanwhile, many business analyst/managers also have previous career experience in roles such as senior business analyst or project manager.