Business Analyst

Business analytics is increasingly recognized as a rewarding and promising career path. Here are some reasons why pursuing a career in business analytics could be a wise choice:High Demand: As organizations generate vast amounts of data, the need for skilled professionals who can analyze this data to uncover valuable insights is on the rise. Industries such as finance, healthcare, retail, and technology are especially eager to hire business analysts.Data-Driven Decision Making: In today's business environment, making informed decisions based on data is crucial. Business analysts play a vital role in helping companies convert raw data into actionable insights that drive strategic decisions, optimize operations, and provide a competitive edge.Growing Job Opportunities: The demand for qualified business analysts, data analysts, and data scientists continues to grow, offering numerous career opportunities across a variety of sectors.

It's not unusual for those who specialise in data analysis to go into business analysis positions. People with a background in either business or data may readily transition into the other field since the two Sets of abilities are so comparable. Work on developing the skills you need and look for ways to use them in your present employment if you want to make the switch from data analysis to business analyst. This may take nothing more than expanding your network to include colleagues from different departments, or it may need learning to use brand-new software at work. Whatever measures you take, they will benefit your business analyst job application by bolstering your CV and giving you more to discuss during the interview.

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Career Path of a Business Analyst
A Senior Business Analyst can become a Lead Business Analyst within 4-8 years and earn between 7.32 lacs INR to 30 lacs INR, with an average salary of 14 lacs INR, according to data from 356 Lead Business Analysts working in India, as mentioned by Payscale. The demand for business analysts is very high among companies, small-scale options, and enterprises. Study estimates reveal that the job market for business analytics will grow at a CAGR of 14.3% by 2026. Companies are willing to pay higher salaries to analysts, especially certified expert-level professionals
Once a Business Analyst gain's knowledge he/she can become a Project manager, Functional consultant, a product owner/analyst, Pre-sales consultant, or can even become IT PMO in the organisation since the exposure is more across SDLC.

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Business analysts typically start their careers in entry-level positions such as business analyst trainees or business analyst associates. With experience, they may advance to positions such as senior business analyst or business process improvement manager. A master's degree in Business such as MBA can also provide you with the knowledge you need to take up this role. Other than these, it is recommended to take up a certification course to apply for an entry level business analyst job. Those who wish to move higher up in the profession typically begin to make a move after three to five years in the career. At that point, it's possible to move into project management, IT roles such as senior/lead business analyst, product manager, and consulting roles.