The professional career path for a business analyst is completely flexible. Although business analyst has a set of common skills, the ways in which they use those skills depend on the project they are working on, the organization they work for, the products they are responsible for, and their industry.
You might be wondering about what the career path for a business analyst looks like, are there various levels in the business analysis career, or whether you need certain qualifications to go down the business analyst career path. In this guide, we will define a business analyst, examine their job path requirements, and provide you a list of 5 potential business analyst career paths that you can choose from to kickstart your journey.
Before you start reading the article, you can explore our ECBA Certification Training Course, which is a credential for entry-level business analysts who are fresh graduates and want to pursue a career in business analysis.
Who is a Business Analyst?
Business analysts are professionals who look for ways to improve an organization’s operational efficiency while obtaining higher performance by studying its processes, operating procedures, and massive data sets.
Business analysts collaborate with management to cut costs, remove or minimize inefficiencies, and increase the organization’s ability to compete in the contemporary business environment. Moreover, the business analyst uses their analytical abilities to comprehend and put into practice the data-focused plans that will improve a company’s processes and practices.
What does a Business Analyst do?
A business analyst is responsible for a wide range of roles and responsibilities. Here are a few responsibilities of a business analyst.
- Locating areas where corporate operations and processes can be improved
- Collecting requirements and meeting with users and customers
- Modelling and prototyping of products and procedures
- Creating or updating IT or business systems
- Collaborating with relevant parties and subject matter experts to ascertain their issues and requirements
- Assembling, describing, and evaluating company needs and demands
- Creating technology solutions to business issues
- Working with system architects and developers to guarantee the system is implemented correctly
- Assisting with system testing, system documentation, and user manual creation
- Organizing seminars to bring together all stakeholders and create a shared understanding
What Does a Business Analyst Career Path Include
Business analysts must have a specific amount of education, training, and work experience to go down the business analyst career path. A professional path for a business analyst includes the following:
To work as a business analyst at an entry level, one frequently needs a bachelor’s degree. Employers are looking for applicants who have a degree in a business-related field, such as finance, sociology, political science, business administration, logistics, or business analytics.
Employers frequently seek out professionals with a Master of Business Administration (MBA) degree when searching for more specialized positions. However, an MBA degree is not necessarily a need and you can pursue a business analyst career without an MBA degree too.
Gaining certifications can help give your business analyst career a boost. It means that you can develop your ability and enhance your earning potential without obtaining a formal degree by completing training or pursuing a certification. A few certifications are as follows:
- Certified Business Analysis Professional (CBAP) offered by the International Institute of Business Analysis
- Certified Management Consultant (CMC) from the Institute of Management Consultants
- PMI Professional in Business Analysis (PMI-PBA) from the Project Management Institute
- Entry certificate in Business Analysis (ECBA) from IIBA
- Certification of Competency in Business Analysis (CCBA) from IIBA
If you are interested in any of the above certifications, it is always recommended to go for an official certification training course before taking the exam. You can explore the business analysis certification training courses for different certifications on our learning portal.
Once you’ve gathered enough experience, you can advance to the position of junior business analyst. You might move up to more senior-level positions as you gain more experience and knowledge.
Top 5 Business Analyst Career Path
You must first prepare for your career as a business analyst before you can move forward. Either a strong foundation in business or in information technology is required. You have various employment options to choose from as you work toward becoming a business analyst. The following are potential career paths you could take as a business analyst:
Business Analyst Manager
These managers oversee the hiring and training of the business analyst staff, establish best practices, and carry out organizational objectives.
IT Business Analyst
Working on numerous operating systems and projects is required for this function, along with the development of more important business process responsibilities. Those business analyst professionals who enjoy working with numbers can consider this career path.
Project managers’ main responsibilities are to watch over an organization’s everyday operations. They manage resource and activity planning, guarantee customer satisfaction, assess project risk and aid in risk mitigation, and keep track of a project’s overall progress.
Data Analysis scientist
Since data analyst scientists must evaluate and use obtained data to provide insights that may be put to use, this job path can be challenging. To be successful in this role, you must have a keen interest in statistics and machine learning.
Information Security Analyst
Cybersecurity experts are in high demand since cybercrime is a popular topic. By analyzing security data and keeping an eye on IT networks and systems, information security analysts defend enterprises against hackers. You’ll enjoy this job if you’re interested in ethical hacking because it typically requires identifying and fixing system flaws.
How To Become a Business Analyst?
Here is a step-by-step guide that you can consider if you wish to become a business analyst and go down that career lane.
- Obtain a degree (accounting, finance, IT, etc.)
- Obtain a position as a developer, subject matter expert, or quality assurance engineer. A junior business analyst position would be any of these. You’ll probably need to interview for the role of business analyst to land this job, so you might wish to review the interview questions.
- After a few years of starting a job, become a subject-matter expert (SME).
- Obtain several years of practical job experience in the positions described above.
- By pursuing certifications in business analyst-related courses, you can enhance your skill set.
- Go up the corporate ladder and become a product manager, senior/lead business analyst, or IT business analyst.
Business Analyst Salary & Job outlook
If you are wondering how much you can earn after becoming a business analyst, here is an overview of the average salary of a business analyst.
- According to Glassdoor, on average a business analyst can earn upto ₹8,00,000 per annum in India.
- As per Payscale, the average salary for a Business Analyst in India is ₹616471.
However, note that the salary keeps on increasing with the increased experience and expertise of a professional in the business analysis domain.
We hope this guide was insightful and you were able to decide on your business analyst career path. Moreover, we also have good news for you if all of this discussion about business analysis got you interested in pursuing it as a career. You can receive the training you need from Techcanvass to get going on your career as a business analyst.