Business Analyst

11 courses

What does a Business Analyst do?

IT industry offers attractive salaries and a wide variety of professions, and many of today’s students would like to know what options they have for tomorrow’s jobs. In fact, you don’t necessarily have to be a programmer and know how to code in order to get a profitable position and work for an international IT company. In this article, we are going to talk about a Business Analyst (BA) profession, what you need to learn and what certificates to obtain to compete for the best positions, and what salary you can expect.

Who is a Business Analyst?

It is an intermediary chain between the customer and the programmers’ team. He or she examines the problems and needs of the client, creates the solution concept, and transforms it into terms of reference for the programmers. A specialist needs strong knowledge of the industry he or she works with, technical background, and excellent communication skills.

How to become a business analyst in India?

  • Learn business analysis fundamentals.

  • Take business analytics online course or complete a bachelor's degree in business/ business analytics/information technology.

  • Earn a business analyst certification.

  • Work on your own projects to develop your data analytics skills.

  • Learn how to use data visualisations tools and practice presenting them

  • Apply for entry-level positions in accounting, finance, or business.

Business Analyst role

The primary duty of a BA is to determine the problems of the client and offer them an optimal solution. To be able to do so, a professional must have sufficient knowledge of the subject area. BA works with the client’s requirements at all stages of IT product creation and implements a role of an intermediary between the client and the developers’ team.

The stages of work of a BA include:

  1. Identification of the client’s problems and needs that they seek to solve.
  2. Individually or with the team, formulate the concept of the solution.
  3. Transformation of the agreed concept into technical terms of reference with specifications for the future product. At this stage, different methods of business analysis are used. They include the creation of processes and structures' models, prototypes of the user interface, and scenarios of use. Simultaneously, the analyst accurately assesses labour costs and the time required for the project implementation.
  4. Creation of detailed technical specifications for each required aspect of the product.
  5. Consulting programmers and testers during product development, solving any arising misunderstandings with the client.

A typical day of a BA consists of:

  • Meetings with the developers’ team and customers;
  • Elaboration of conceptual solutions;
  • Work with analytic tools, i.e., schemes, prototypes, etc.
  • Work with the customer’s requirements: their gathering, creation of terms of reference, and specifications;
  • Consultations with programmers and testers;
  • Study of standards.

Business Analyst skills

The BA position requires a set of professional and personal skills.

Professional skills include:

  1. Skills in information collection and analysis methods;
  2. Knowledge of the subject area that has to be analyzed;
  3. Comprehension of the software lifecycle;
  4. Knowledge of programming, testing, algorithm creation, and economics basics.

A successful analyst is free of the IT specialist's narrow-mindedness, i.e., he or she is able to see the whole picture, able to find solutions for a company’s needs through technologies.

Considering that the BA profession is closely related to communication, analysis, and the ability to find creative solutions, the skills needed for an expert in this area aren’t strictly professional. An individual should also have certain personality traits such as:

  • Analytical mindset;
  • Ability to quickly grasp knowledge in a previously unknown or unstudied area;
  • Ability to analyze the current situation in comparison with the previous one;
  • Decisiveness;
  • Passion for new knowledge;
  • Attention to detail;
  • Ability to communicate their thoughts clearly and concisely.

Business Analyst qualifications

When speaking about the qualifications needed for a BA, it is important to acknowledge that it requires knowledge of several different professions. In most cases, individuals become BA in three ways:

  1. He or she is an IT specialist who enjoys communication more than writing code. A transition from a programmer to an analyst ensures a good comprehension of the development process, the abilities of the software, and what a developer needs for quality work. However, in this case, a person should additionally acquire knowledge about a business area that requires automation.
  2. He or she doesn’t have an IT background but is an expert in a certain subject area. Such an analyst understands all the peculiarities of the industry and speaks the same language as the customer. But he or she will have to figure out what exactly is subject to automation and what data developers need to work on. For this, basic knowledge of programming to understand the abilities of the developers should be additionally obtained.
  3. Commonly, testers become good BA since they understand the essence and backstage of IT. Although they might not have sufficient technical background to become programmers, they have enough knowledge to distinguish well-written requirements from poorly written ones. However, if a tester decides to become an analyst, he or she should be ready to broaden their knowledge both in technical aspects of the work and the industry that they plan to work with.

Top Business Analytics Colleges in India

  1. IIM Bangalore - Indian Institute of Management
  2. IIM Ahmedabad - Indian Institute of Management
  3. School of Business, University of Petroleum and Energy Studies, Dehradun
  4. DYPUSM Mumbai - School of Management Dr DY Patil University
  5. SCMHRD Pune - Symbiosis Centre for Management and Human Resource Development
  6. AIMS Institutes, Bangalore
  7. Techno India University, Kolkata
  8. HITS Chennai - Hindustan Institute of Technology and Science
  9. SMS Hyderabad - School of Management Studies University of Hyderabad
  10. Presidency University, Bangalore

Business Analyst Salary in India

In India, the median yearly salary of a BA is ₹606,600 or $8,400. A young specialist can expect to be paid ₹354,500 or $4,900 a year. A professional with more than five years of experience earns around ₹830,000 or $11,400 a year.  According to the Payscale platform, salaries by city

  • Average business analyst salary in Bangalore - ₹783,523 / year

  • Average business analyst salary in Mumbai - ₹612,236 / year

  • Average business analyst salary in Pune -₹746,538 / year

  • Average business analyst salary in Hyderabad-  ₹644,860 / year

  • Average business analyst salary in Chennai-  ₹610,463 / year

Business Analyst certification

To apply for BA jobs, you don’t need any certification. However, many professionals who have been already working in the industry consider obtaining professional certificates. There are several reasons for that:

Top companies in India for business analysts

  • Mu Sigma Analytics

  • Fractal Analytics

  • Manthan

  • Latent View

  • Tiger Analytics

  • Absolutdata

  • Convergys

  • UST Global

  • Cartesian Consulting

  • BRIDGEi2i

Responsibilities of Business Analyst
Determination of the client’s needs
Creating a concise list of requirements for the future product
Requirements analysis (application of various methodologies, prototyping, questionnaires, surveys, competitors analysis, etc.)
Analysis of the problem areas and proposals for their improvement
Formalization of requirements (dividing them into business, functional, creating specifications)
Management of requirements (processing changes requests coming from the client, assessing their effect on existing requirements)
Communication of the client’s requirements to the developers
Salary of Business Analyst
junior 500000-850000
middle 850000-1300000
senior 1300000-2000000