Functional analysts aid companies in maximizing the use of their software for specific goals or purposes, usually specializing in a specific line of business. To do this, they study the current system and procedures of the company and then create a set of suggestions to help optimize business processes in terms of the client's goals.
The duties of a functional analyst also include gathering information from employees and managers, designing software or computer systems to meet the company's goals, conducting workshops, overseeing the implementation of new systems, and creating reports for the management team. They may also write user manuals, conduct training and fit/gap analyses.
For this role, employers usually look for candidates with at least a bachelor's degree in business, computer science, information technology, and other related fields. On top of that, they also prefer candidates with prior working experience in a similar job, as well as outstanding skills in communication, business strategy, and people management.
On average, the salary of a functional analyst is around $85,000 per year or roughly $41 per hour. Technology companies are usually the highest-paying employers, but this depends on a candidate's skills, experience, and educational background.
There is more than meets the eye when it comes to being a functional analyst. For example, did you know that they make an average of $41.13 an hour? That's $85,544 a year!
Between 2018 and 2028, the career is expected to grow 9% and produce 56,000 job opportunities across the U.S.
There are certain skills that many functional 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 analytical skills, communication skills and creativity.
When it comes to the most important skills required to be a functional analyst, we found that a lot of resumes listed 16.3% of functional analysts included business process, while 12.0% of resumes included to-be, and 8.5% of resumes included procedures. 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 functional analyst job title. But what industry to start with? Most functional analysts actually find jobs in the technology and manufacturing industries.
If you're interested in becoming a functional analyst, one of the first things to consider is how much education you need. We've determined that 61.6% of functional analysts have a bachelor's degree. In terms of higher education levels, we found that 19.0% of functional analysts have master's degrees. Even though most functional 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 functional analyst. When we researched the most common majors for a functional analyst, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on functional analyst resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a functional analyst. In fact, many functional analyst jobs require experience in a role such as business analyst. Meanwhile, many functional analysts also have previous career experience in roles such as functional consultant or sap mm consultant.