Business Analyst Job Profile And Description

A business analyst is someone who takes responsibility of studying a company’s business objectives, resources and performance and depending on the results of that analysis he has to create business strategies which will help the company to post better profits or solve any operational problems it may be facing at the moment. A business analyst has to take into account many factors and coordinate among different departments to find out the best possible solution to the issues faced by the company and for that he must understand how the company functions, who are the competitors, what the customers want, what are the latest business trends in the market and so on.

Business Analyst Duties And Responsibilities

The duties and responsibilities of a business analyst will involve:

  • To use his quantitative and analytical skills to analyze the company’s financial records and statements to understand what needs to be to meet the objectives
  • Formulate solutions and strategies to solve any problem and suggest improvements
  • Create reports based on the analysis and make presentations to the clients

Business Analyst Skills And Specifications

The skills and specifications that are required of a business analyst include:

  • Good communication skills, both written and verbal are required
  • Excellent analytical and research skills
  • Proficiency in certain technical areas and knowledgeable about the area of expertise

Business Analyst Education And Qualification

The education and qualification requirements for a business analyst are as follows:

  • A bachelor’s and preferably master’s degree in subjects like business management, business administration
  • Courses to be studied include finance, sales, marketing etc
  • One can get the Certified Business Analyst Professional credentials through any accredited institution

Business Analyst Salary

The median salary of a business analyst is $56,000 but the figure can go up from company to company and city to city and also on the level of qualifications and experience a person has.