A Business Information Analyst is meant to evaluate and improve the various processes found within a company, usually in IT systems. They might develop and test new software and digital projects, analyze the company's costs and expenses, or set specific departments, creating visual representations of data and statistics. They, too, analyze these representations beforehand and ultimately report their findings to stakeholders' upper management.
Depending on their experience and credentials, a Business Information Analyst might be hired in a consultant or a freelancer's capacity or placed into a full-time position. They help the business grow their efficiency and profit continuously over several years. Large IT and Financial companies often hire analysts. Still, as the role is becoming more and more necessary across all business types, finding them working outside of these two industries is not uncommon.
A potential candidate is generally asked to have a Bachelor's degree in Computer Science, Statistics, and Engineering, though this may vary from company to company. Some entry-level Business Information Analyst positions are accessible to those with only a high school degree or a GED.
There is more than meets the eye when it comes to being a business information analyst. For example, did you know that they make an average of $33.47 an hour? That's $69,619 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 information 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 interpersonal skills, problem-solving skills and time-management skills.
When it comes to the most important skills required to be a business information analyst, we found that a lot of resumes listed 19.3% of business information analysts included data analysis, while 17.2% of resumes included business process, and 11.7% of resumes included business information. 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 information analyst job title. But what industry to start with? Most business information analysts actually find jobs in the finance and technology industries.
If you're interested in becoming a business information analyst, one of the first things to consider is how much education you need. We've determined that 48.4% of business information analysts have a bachelor's degree. In terms of higher education levels, we found that 34.4% of business information analysts have master's degrees. Even though most business information 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 information analyst. When we researched the most common majors for a business information 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 information analyst resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a business information analyst. In fact, many business information analyst jobs require experience in a role such as business analyst. Meanwhile, many business information analysts also have previous career experience in roles such as programmer analyst or senior business analyst.