Most of the time, businesses are all about expanding. The most common principle is that the bigger the business is, the better. As such, companies ensure that they know when to move. This means that they assess the best time to work on their expansion initiatives or to stay in place. They use market trends and current events as references for these moves. In addition to that, they also employ strategic business analysts.
Strategic Business Analysts are important assets to the company. They provide in-depth analysis of market trends and current events to provide sound recommendations on the company's strategies. These recommendations should be supported by evidence and supporting figures. Strategic business analysts should have strong business acumen and a strategic mindset to succeed.
If you wish to be in this career, you need to have strong negotiation skills. You need to be able to convince the management team that your recommendations are strategically sound. You should also have enough credibility and a stellar track record.
There is more than meets the eye when it comes to being a Strategic Business Analyst. For example, did you know that they make an average of $35.3 an hour? That's $73,427 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 Strategic 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 Detail oriented, Analytical skills and Communication skills.
If you're interested in becoming a Strategic Business Analyst, one of the first things to consider is how much education you need. We've determined that 74.5% of Strategic Business Analysts have a bachelor's degree. In terms of higher education levels, we found that 19.4% of Strategic Business Analysts have master's degrees. Even though most Strategic Business Analysts have a college degree, it's impossible 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 Strategic Business Analyst. When we researched the most common majors for a Strategic 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 Strategic Business Analyst resumes include Associate Degree degrees or Doctoral Degree degrees.
You may find that experience in other jobs will help you become a Strategic Business Analyst. In fact, many Strategic Business Analyst jobs require experience in a role such as Business Analyst. Meanwhile, many Strategic Business Analysts also have previous career experience in roles such as Senior Business Analyst or Project Manager.