With the growing number of businesses in existence, business analysts are very much in-demand. There is such a high demand for analysts because of their vital role in an organization. Companies can improve their technical and strategic skills by learning current business and marketing scenarios through business analysts. A business analysis identifies an organization's position in the market in comparison to its competitors.
Business analysts develop project management procedures, ensure the efficiency and accuracy of project deliverables, analyze company processes, and handle client needs to satisfaction. These professionals analyze a company by assessing its business model and documenting its systems, finding vulnerabilities, and proposing thoughtful solutions to these issues.
To become a business analyst, you'll need a bachelor's degree minimum in a business-related subject. Work experience in the field enhances your chances of getting selected for a position. Once successfully getting hired by a corporation or organization, you can earn $43.20 per hour. That's quite a satisfying number.
There is more than meets the eye when it comes to being a business analyst/project manager. For example, did you know that they make an average of $43.04 an hour? That's $89,517 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/project 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 interpersonal skills, problem-solving skills and time-management skills.
When it comes to the most important skills required to be a business analyst/project manager, we found that a lot of resumes listed 25.7% of business analyst/project managers included business process, while 18.8% of resumes included project management, and 5.2% of resumes included test scripts. 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/project manager job title. But what industry to start with? Most business analyst/project managers actually find jobs in the technology and finance industries.
If you're interested in becoming a business analyst/project manager, one of the first things to consider is how much education you need. We've determined that 64.2% of business analyst/project managers have a bachelor's degree. In terms of higher education levels, we found that 19.0% of business analyst/project managers have master's degrees. Even though most business analyst/project 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/project manager. When we researched the most common majors for a business analyst/project 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/project manager resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a business analyst/project manager. In fact, many business analyst/project manager jobs require experience in a role such as business analyst. Meanwhile, many business analyst/project managers also have previous career experience in roles such as senior business analyst or project manager.