Tag: Analyst?

What Is A Business Analyst And How Much Do They Make? #business #english

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What Is A Business Analyst And How Much Do They Make?

Over the last few years, the generic job title of business analyst has become popular in multiple industries. Although job duties can vary immensely, in the most general terms, business analysts work within a business or organization to identify and implement improvements to help a business achieve its goals. The title of business analyst can describe both entry-level workers and tenured professionals and compensation varies accordingly. This article discusses the work, compensation, and outlook for business analysts.

The Basics of Business Analysis

Business analysis is a disciplined, structured, and formal approach to analyzing a business process, identifying improvements, and implementing changes so that the business can better achieve its goals. It is based on facts, figures, and observations.

The International Institute of Business Analysis provides this job description, “A business analyst works as a liaison among stakeholders to elicit, analyze, communicate and validate requirements for changes to business processes, policies and information systems. The business analyst understands business problems and opportunities in the context of the requirements, and recommends solutions that enable the organization to achieve its goals.”

Business analysts can serve in many functions in almost any industry. For example, a systems analyst is a business analyst that focuses on how to best use technology to solve problems and improve outcomes. Other job titles where an employee perform business analysis include data analyst, solutions provider, change agent, requirements manager, specifications writer, researcher, product owner, product manager, or management consultant.

Business analysts may perform quality assurance, requirements gathering, documentation, or client support. They may also specialize in improving sales, by focusing on pre-sales, customer service. client relationship, and account management. Business analysts may also be very internally focused on process improvements within an organization and coordination across multiple departments and stakeholders.

Some qualities of a good business analyst include the following:

• Good listening skills

• Openness to change

• Adept in multitasking

• Expertise in prioritization, based on needs of multiple stakeholders

• Good negotiation skills, to seek timely buy-in on important decisions and prioritization from all stakeholders

• Identifying process improvement opportunities which can lead to efficiency and output improvements

Education and Career Path of Business Analysts

A bachelor’s degree or higher is required. Possible majors include finance, technology, management, and accounting. Because of the number of skills required, most business analyst positions are not open to new college graduates. Most business analysts attain their first position after a few years in a related position such as data analyst, functional analyst, systems analyst, business requirements analyst, or financial analyst.

The career path of a business analyst can include becoming a senior business analyst, a business analyst specialist in specific areas (such as SAP, Agile, or ScrumMaster), a business manager, a business architect, an enterprise architect, and finally a director or VP-level position. Other experienced business analysts become independent consultants, taking assignments on contract.

Almost any industry can employ business analysts, but most jobs are in information technology or management consulting firms. Other industries include accounting. investment banking. finance. and market research.

Salary and Compensation for Business Analysts

Compensation varies widely and is determined by the factors like location, experience level, and industry. For example, a business analyst working in a large New York-based investment bank will earn more than a business analyst performing market research for an automobile company in Michigan. Candidates who specialize in a specific technology (like SAP) may command higher premiums. Below are the average salary ranges and bonus percentages for business analysts.

  • Entry Level: $40,000 to $70,000 with up to an 8 percent bonus
  • Mid Career: $55,000 to $95,000 with up to a 10 percent bonus
  • Senior Level: $70,000 – $150,000 with up to a 10 percent bonus
  • Overall U.S. Average: $45,000-$110,000 with up to a 10 percent bonus

Business analyst is a general title for many different job functions in almost any industry. A good candidate should have an undergraduate degree and several years of work experience in the area of business analysis that he or she is interested in. Candidates can also take business analysis certifications courses like those from the International Institute of Business Analysis.





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Business Analyst – FDM Group #china #business

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Business Analysts are the architects behind IT projects. This role involves understanding the needs of the business user and translating these requirements into technology for the development team.

As a Business Analyst you will work with a wide range of people across the business, identifying areas of improvement and finding solutions. You will also capture and understand the business needs, assess the impact of those changes, as well as support the communication and delivery of the requirements.

This role is ideal for graduates who are analytical problem solvers with a passion for business and technology.

Business Analyst Training

Before starting a role as a Business Analyst, you will undergo the relevant training in our in-house Academy which includes the following modules:

  • SQL
  • Excel VBA
  • Financial Industry Awareness
  • BSC Foundation Certificate in Business Analysis
  • Modelling techniques
You are
  • Someone with a sharp business mind
  • A strong communicator with excellent written and verbal skills
  • Passionate about technology
  • Tactful and use diplomacy to find a solution
  • Organised and methodical
Business Analyst – Deepa Kothari, National Grid

I have thoroughly enjoyed my time on site so far, working on multiple projects and I am currently involved with one of the largest Programmes in Gas System Operations. I am learning many new things on a daily basis and there’s always something to do on such an extensive Programme as this one. In my role at National Grid, I have been welcomed and supported by FDM as well as the BA team; who have made my transition into working life much easier by providing me the opportunity to work closely with many experienced colleagues on various aspects of a project.

View or download our Graduate Programme brochure





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How to become a Business Analyst #secured #business #loans

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How to become a Business Analyst

Business Analysts: Making the world a better place, one office at a time…

Business Analysts (known as BAs) are responsible for analysing a business’s processes and investigating how they work. They then identify improvements that can be made and present the case for these improvements back to the business.

Although specific responsibilities vary greatly from specialism to specialism, the role of a Business Analyst will generally include the following:

  • Analysing the business (either one element or the business as a whole)
  • Evaluating all available data
  • Identifying any problems that need addressing or potential improvements
  • Projecting how feasible these improvements are to make
  • Using all of the acquired information to present a business case back to the company which details the solutions
  • Implementing the necessary and agreed-to changes, overall increasing efficiency for the business

To be successful as a Business Analyst, excellent analytical skills are an obvious pre-requisite. You will need to be objective when evaluating elements within the business, combining your observations with an acute awareness of any developments within the marketplace in order to present any outcome.

You will be spending most of your time researching processes and extrapolating data, so self-motivation and the ability to work independently are also necessities.

Other key skills include:

    • Exceptional problem solving skills
    • Superior communication skills, not to mention the ability to be objective
    • Reporting and presentation skills
    • Computer literacy, not to mention proficiency in Microsoft Office (in particular Microsoft Excel)
    • The passion and confidence to justify your suggestions and back them up with solid research and analysis

Being a BA gives me the opportunity to put my analytical and problem solving skills to good use, as well as witness my recommendations being put into practice on a daily basis. It’s not all numbers and analysis, as it often requires collaboration, which is ideal as I love to bounce ideas off the people I work with.

Get qualified

It is not a necessary requirement to have a degree to become a Project Manager. However, it is recommended to have some qualifications specific to the industry.

This course is for anyone who has an interest in Business Analysis, either to become a BA or to further their current career or qualifications. Ideal for entry level candidates.

Learn everything you need to know to become a Certified Business Analysis Professional with this reputable and well-recognised qualification, suited to individuals looking to further their ability within business analysis.





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Business Analyst #business #liability #insurance

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Business Analyst

There’s often a lot at stake when new information technology (IT) systems are put into a business. It’s Chris Conradie’s job to check out exactly what the business requires.

“There is recognition by businesses that a lot of analysis needs to happen before you can get to the programming stage.”

Discovering business needs requires a technical and people focus

To do this, Chris works closely with businesses to help them work out what they need. As a person who has never been able to just sit behind a computer, he enjoys the chance analysis work gives him to get out and work directly with people.

“There are many challenges in this role that are not just technical; you have to be able to get the information you need from people.”

Background in software development led to consulting

Chris says he always had an inquisitive mind when it came to technology. He graduated as an electronic engineer and worked as a software developer before moving to consulting, where it became less development-focused.

Chris now works in a senior consulting role and is intent on staying in IT. “I’m going in the direction of IT management and that is the way I see my future.”

What’s hot

  • Working with people.
  • Helping businesses improve their processes.

What’s not

  • The challenge of getting the information you need from people.
  • Working long hours to finish projects.

What are the chances of getting a job?

Shortage of business analysts

While demand for business analysts is expected to remain strong, the number of IT trainees coming through is insufficient to meet demand.

A survey of IT employers in February 2015 reported that 79% of employers were planning to hire additional staff. Business analysis was the top skill employers were looking for. However, 28% of employers also reported greater difficulty finding staff in 2015 than in 2014.

As a result of these factors, business analyst appears on Immigration New Zealand’s long-term skill shortage list. This means the Government is actively encouraging skilled business analysts from overseas to work in New Zealand.

Types of employers varied

Many medium to large organisations employ business analysts, including:

  • government departments
  • computer management firms
  • marketing companies
  • manufacturers
  • professional firms such as law and accountancy businesses.

Sources

  • AbsoluteIT, ‘Employer Insight Report’, January 2016, (www.itsalaries.co.nz).
  • AbsoluteIT, ‘Remuneration Report’, July 2015, (www.itsalaries.co.nz).
  • Hudson Recruitment, ‘Hudson Report, Q3, 2015’, 2015, (nz.hudson.com).
  • Hudson Recruitment, ‘New Zealand Hiring Expectations – Quarter 3, 2015’, 2015, (nz.hudson.com).
  • Immigration New Zealand, ‘Long-term Skill Shortage List’, July 2015, (www.immigration.govt.nz).
  • Ministry of Business, Innovation and Employment, ‘2006-2014 Occupation Data’ (prepared for Careers New Zealand), 2015.
  • Ministry of Business, Innovation and Employment, ‘Information and Communications Technology Report – 2015’, 2015, (www.mbie.govt.nz).

Progression and specialisations

The business analyst role is often seen as a starting point for progressing towards project management and more detailed business and systems analysis.





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Business Analyst Jobs – Vacancies #find #a #business

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Business Analyst jobs

One of the largest financial institutes in Belfast is seeking a Business Analyst Business Analyst – 7 months – £270 per day Your new company One of the largest financial institutes in Belfast is seeking a Business Analyst to join their already successful team to help with continuing workload. This.

  • North London
  • Contract, full-time
  • 25,000 – 28,000 per annum
  • 8 applications

Developer, Graduate Developer, Luton, London, JavaScript, jQuery, HTML, CSS, Computer Science, Maths, University, Graduate Developer This award winning travel brand is based in Luton and are looking for a junior developer/analyst role. This company is very well renowned and have been in the industry for.

Email me jobs like this

  • London
  • Permanent, full-time
  • 65,000 – 70,000 per annum
  • 12 applications

Business Analyst – Agile – London – £65,000 Opus are currently retained by a large retail organisation seeking a Business Analyst to join their fast growing business. The Business Analyst will be responsible for helping the organisations customers work, build and develop their digital capabilities. The.

  • Coventry
  • Permanent, full-time
  • 45,000 – 50,000 per annum
  • 8 applications

Business Analyst – based in Coventry, West Midlands Paying up to £50,000 per annum + Car or Allowance (£4,500) + fantastic benefits A very exciting, global leading software company is looking to appoint an experienced Business Analyst to work in an Agile environment as part of a multi-disciplined.

  • Trafford Park
  • Permanent, full-time
  • Competitive salary
  • 3 applications

The Group includes some of the world’s leading outdoor brands. They offer fantastic product for a wide range of activities and sports, all made possible through our brilliant people. Our client provides high quality clothing, footwear and equipment for all the family, whatever the adventure. leads the.

  • Middlesex
  • Permanent, full-time
  • 35,000 – 45,000 per annum
  • 5 applications

Ecommerce Business Analyst (agile essential)– Broadcasting TV Channel – Middlesex Ref: EH45993 Salary: £35,000 – £45,000 + Excellent career progression Our client is an esteemed Broadcasting TV Channel who is part of a massive international Retail Group, based at their Middlesex Offices. This team is.

  • Brighton
  • Permanent, full-time
  • Salary negotiable
  • 13 applications

DATA ANALYST – Brighton This is a large organisation in the Financial Services sector, that are looking for a skilled Data Analyst to join their team. Responsibilities Interpret data, analyse results using statistical techniques and provide ongoing reports. Develop and implement data collection.

  • London
  • Contract, full-time
  • 350.00 – 375.00 per day
  • 25 applications

Business Analyst – HR Systems – 3 month contract – London – £350 – £375 Our client, based in London, is currently looking to recruit a Business Analyst on a 3 month contract to work on a HR System implementation project which is being rolled out across the whole Organisation. The project is currently.

  • Edinburgh
  • Contract, full-time
  • 390.00 – 410.00 per day
  • 14 applications

Lead Business Analyst – Financial Services – Edinburgh Lead Business Analyst – Financial Services – Scotland My client, based in Edinburgh requires a Business Analyst for a major Operations programme. Candidates should have: Strong all round Financial Services experience Experience managing other.

Posted 4 days ago by Oliver Bernard Featured

  • London
  • Permanent, full-time
  • 45,000 – 55,000 per annum
  • 9 applications

Business Analyst, Agile, Analytics, Fin-Tech One of London’s most impressive Fin-Tech company who have gone from strength to strength each year have combined their efforts with Oliver Bernard to find a fantastic Business Analyst to join they’re forward thinking Agile team. They are a team of smart.

Posted 26 August by Sanderson

  • Coventry
  • Permanent, full-time
  • 28,000 – 46,000 per annum
  • 7 applications

West Midlands mutual Financial Services organisation are currently looking for a selection of IT and Change Business Analysts to support in delivering the companies IT and Strategy portfolio’s working on projects such as Digital; Customer Experience; Regulatory; Product and Infrastructure. Role responsibilities.

  • Birmingham
  • Permanent, full-time
  • 58,000 – 60,000 per annum
  • 13 applications

Project Manager x 3 (Facilities Management) We currently have an urgent requirement for 3 Project Managers with experience in the Facilities Management sector. This is fantastic opportunity for anyone that is looking to further their career in an expanding company that really supports their employees.

  • Birmingham
  • Permanent, full-time
  • 40,000 – 45,000 per annum
  • 11 applications

Business Analyst (Business Transformation) A fantastic organisation in Birmingham are recruiting for a Business Analyst (Business Transformation) to join the team ASAP. This is an excellent opportunity for a Business Analyst to join a thriving organisation where they can really develop their career. To.

  • Haywards Heath
  • Permanent, full-time
  • 30,000 – 40,000 per annum
  • 4 applications

Business Analyst (Insurance) Location – Haywards Heath, West Sussex Salary – £ 30,000 – £ 40,000 + Excellent Benefits My client is an innovative and entrepreneurial group of companies specialising in Motor Insurance Services, who are proud of their unique approach to business and feature prominently.





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Entry Level Business Analyst, IT Salary #business #plan #outline

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Entry-Level Business Analyst, IT Salary

San Francisco offers some of the highest pay in the country for Entry-Level IT Business Analysts, 26 percent above the national average. Entry-Level IT Business Analysts will also find cushy salaries in New York (+19 percent), Los Angeles (+14 percent), Seattle (+10 percent), and Houston (+8 percent). St. Louis is home to the smallest salaries in the field, lagging the national average by 5 percent. Not at the bottom but still paying below the median are employers in Austin and Atlanta (1 percent less).

Business Analyst, IT Advice

What do you wish you knew about your job when you first started out?

Business Analyst, IT in Durham:

“Be Happy with Ambiguity & Leading from “Behind-the-Scenes””

People leverage a BA to help make things make sense. It’s still a very new role to many companies and firms and parts of it are very meta. Often while you are eliciting, defining, and documenting requirements and processes, you will be simultaneously demonstrating the process for doing so and standardizing it. Developers, Project Managers, Tech Leads, UX & Design and Business stakeholders are not always going to know where in the Venn diagram your contributions end that their’s begin and vice versa. Job postings will often ask to be a project manager, a coder, a designer, a financial analyst, a “savior” of all things project and business related and you will have figure out (much like practicing analysis on the job) “is what they say they want, what they really need?” It’s a rewarding job if you like solving problems, helping others, and serving something larger than yourself, but it’s a “behind-the-scenes” gig so the ability to be happy with your invisible leadership is paramount.





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How Do I Know If I – m Qualified to Be a Business Analyst?

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How Do I Know If I m Qualified to Be a Business Analyst?

Are you exploring a career in as a business analyst? Do you find yourself wondering if your skills and experience are relevant to a business analyst role? Would you be interested in learning about how qualified you are to be a business analyst?

We re going to talk about how to know if you are qualified to be a business analyst, but first I m going to share a funny story with you.

(Before I forget, I want to be sure you know about my step-by-step BA career planning course (it’s free) that’s designed to help you, the mid-career professional, kick-start your business analysis career. The course will help you dig deeper into each of the concepts outlined below.)

Just last week, the night before my birthday, I walked down the short flight of stairs after putting our daughter to bed. I smiled at my husband. He was making an odd expression. I continued to look more deeply at him to figure out why.

I walked over to where he was sitting and said, What s that goofy face for?

He says, You didn t see it, did you?

Me: See what?

He shifts his eyes back toward the stairs. On the ledge we have right in front of our stairway were a dozen yellow roses laying out in plain sight.

I couldn t believe I had completely missed them. For a split second, I even starting thinking that just maybe my husband tele-ported them there, but then I remembered the laws of physics and found my own eyes to be the culprit.

I was looking at my husband and his funny expression instead of what was right in front of me.

This same sort of thing happens to all of us, all of the time. We often don t see what can be obvious to other people or even what other people expect we should obviously be seeing. In all the work I do with professionals transitioning into the BA profession, the most prevalent problem I see is that they overlook significant relevant and transferable skills from their own career background.

As a result, their answer to the question, Am I qualified to be a business analyst? is a resounding no when it should be a yes or at least a some of the time . (And as we ll see in a bit, some of the time can be a very effective path to business analysis.)

Today, I d like to help you see the bouquet of roses waiting for you on the ledge at the bottom of the stairs. And to do that we need to look at the concept of transferable skills.

What are Transferable Business Analyst Skills?

Transferable skills are skills that you’ve built through experiences in your past roles. In the context of business analysis, transferable skills are BA techniques you’ve used in non-BA jobs or soft skills you’ve developed in perhaps unrelated roles.

Transferable skills can help you skip past entry-level business analyst positions. This is especially important because there tend to be very few entry-level business analyst positions. And those savored few entry-level positions tend to favor recent college graduates without the salary requirements of an experienced professional.

If you do have even a few years of professional experience, and a fair amount of the 42 reasons to become a business analyst resonate with you, then you have transferable skills. Getting clear and confident about them is part of your path to success as a business analyst and figuring out what roles you qualify for.

But What Business Analyst Qualifications Are Transferable?

When transitioning to business analysis, there are many areas in which to look for your business analyst qualifications. A good first step is to review our list of core business analysis skills that are important for a new business analyst and start mapping your experience to these skill areas.

Here s a rundown of what you can expect to find during this process:

  • The core business analyst skills. those you might find mapped out in the Business Analysis Body of Knowledge® (BABOK®). will help you get past the screening process for a business analyst role. Any given hiring manager tends to have a checklist of key qualifications they absolutely want to have met by a potential candidate. And even if your experience is informal. it s likely that you can map it to a more formal deliverable or analysis technique. Use the BA terms (appropriately) in your resume and in a job interview and you ll increase your chances of qualifying yourself for a business analyst role.
  • Although managers screen for a specific set of core business analyst skills, they often hire for soft skills. such as relationship-building and the ability to communicate with a diverse set of stakeholders from the business and technical communities. Understanding the key soft skills you bring to the table is critical. Being able to speak to specific experiences where you used those soft skills in a BA context (or close to BA context) can increase the number of BA jobs you ll qualify for.
  • Then there will be skills that set you apart as a candidate and qualify you for specific types of BA positions. These vary widely from technical skills, to specific business domain knowledge, to experience with specific types of business applications.

What Do I Do with My List of Business Analyst Qualifications?

Even with a list of transferable business analyst qualifications in hand, a transitioning BA can get understandably frustrated. What business analyst roles do these skills qualify you for? It can often seem as if the grass is greener on the other side of the proverbial fence .

  • If you don t have an IT background, it can seem as if every possible BA job you look at requires some obscure technical skill you have no interest in building.
  • If you do have an IT background, but no business experience, it can see as if every possible BA job you look at requires business domain experience.

While you will most likely find that the number of roles you aren t qualified for outweigh the number of roles you do qualify for, your career background will qualify you very strongly for a specific set business analyst jobs .

  • If you have a technical background. consider BA roles that include systems analysis responsibilities or blend selected IT duties with a business analyst role. Your experience with specific technologies could qualify you for specific BA roles.
  • If you have a business background from a specific functional area (such as customer service, human resources, or finance), consider BA roles working on the business applications with which you are familiar or supporting this area of the company. Your familiarity with the terminology and processes for that functional area could qualify you for specific BA roles.
  • If you have deep experience in a specific industry. consider business analyst roles in that industry. Your understanding of the industry environment, terminology, and core processes could qualify you for specific BA roles.

To sum things up, the answer to the question about whether or not you are qualified to be a business analyst requires a bit of analysis. First, you must discover your business analyst skills. Then you want to map them to the types of roles you see in your local job market. Most likely, you will find yourself to be very qualified for some roles, partially qualified for others, and not at all qualified for still others (and this last set will most likely be the biggest, and that s true even for BAs with formal experience).

With this information in hand, you can decide how and if to move forward in your BA career. And keep in mind, just like those I work with on their career transitions, it s quite possible and actually very likely that you have more relevant experience than you think, and you won t realize what those qualifications are until you go through a skills discovery process .

Find Your Path Into a Business Analyst Career

After reading and working through the exercises in How to Start a Business Analyst Career. you’ll know how to assess and expand your business analysis skills and experience.

This book will help you find your best path forward into a business analyst career. More than that, you will know exactly what to do next to expand your business analysis opportunities.

Click here to learn more about How to Start a Business Analyst Career

Stay informed about new articles and course offerings.




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Market Research Analyst – Career Rankings, Salary, Reviews and Advice #financial #markets #today

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Market Research Analyst Overview

Overview

Market research analysts help their clients figure out who their consumers are, what those consumers want and how much they’ll pay for what they want. Analysts reach these conclusions with traditional methodologies like focus groups and surveys, as well as newer technologies. “Our industry has changed so much even in the last five years,” says Ted Donnelly, managing director for the marketing research and focus group firm Baltimore Research and chairman for the Marketing Research Association’s national board of directors. “We have so many new tools in the tool kit.” One of those new tools is geofencing, which uses GPS or similar technology to construct a virtual fence around a business and deliver targeted advertisements to a customer’s phone as he or she walks through a store. Eyetracking, which monitors how your eye travels around a website, is another technology these professionals use.

Market research analysts also churn out reports on sales trends and consumer demographics, preferences, needs and buying habits. They must be able to present their findings to clients in an easy-to-understand way. The process of collecting and analyzing data is logical and quantifiable; gauging why target audiences might be attracted to a particular product is anything but. This is why some of the most successful analysts seem to understand human emotions as much as they understand logic.

The Bureau of Labor Statistics predicts an 18.6 percent employment increase between 2014 and 2024, and 92,300 new job openings. A range of employers, including research companies, colleges and government agencies, should galvanize growth in this field.

Quick Stats

$61,290 Median Salary

2.4% Unemployment Rate

92,300 Number of Jobs

Salary

Market research analysts earned a median salary of $61,290 in 2014, according to the BLS. The best-paid earned more than $116,740, while the lowest-paid earned less than $33,460. The aerospace product and parts manufacturing and semiconductor and electronic component manufacturing industries pay market research analysts particularly well. And if you live on the West Coast, you’re in luck: The top-paying metropolitan areas for market research analysts include San Jose, California; San Francisco; and Seattle.

75th Percentile. $86,170

25th Percentile. $44,350

How much do Market Research Analysts make in your city?

See current salary offers for jobs in this field

Training

Becoming a market research analyst requires at least a bachelor’s degree, but you could choose from a range of majors. The BLS notes that statistics, math, computer science and business administration are good specialties, but studying one of the social sciences, like communication, may also serve a budding analyst well. For instance, Donnelly has degrees in psychology, marketing research and consumer psychology. He says market research analysts should have both analytic skills and an innate curiosity about people. He recommends taking business management and statistical courses and says a familiarization with different software programs used for data analysis is helpful. Donnelly also recommends that analysts get their Professional Research Certification, which isn’t yet a requirement for most employers, but “it helps demonstrate that you’re very serious about what you do,” he says.

Job Satisfaction

Average Americans work well into their 60s, so workers might as well have a job that’s enjoyable and a career that’s fulfilling. A job with a low stress level, good work-life balance and solid prospects to improve, get promoted and earn a higher salary would make many employees happy. Here’s how this job’s satisfaction is rated in terms of upward mobility, stress level and flexibility.

Upward Mobility. High
Opportunities for advancements and salary

Stress Level. Above Average
Work environment and complexities of the job s responsibilities

Flexibility. Below Average
Alternative working schedule and work life balance

Similar Jobs





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Business Analyst, IT Salary #bad #credit #business #loans

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Business Analyst, IT Salary

Job Description for Business Analyst, IT

A business analyst, IT, focuses on improving operations that involve information technology within a company. The business analyst offers consultation to management in an effort to help the company become more effective. The IT business analyst will analyze the hardware, software, and IT services that are being employed in a company. Analyses will have to be carried out in order to determine areas that need improvement. It is also important to have strong research skills in order to determine the latest trends and solutions.

The analyst will then peruse the results and make suggestions as to what should be changed regarding company IT policies, IT structure, and IT operations. When problems are detected, the analyst should carry out problem-solving techniques in order to come up with a solution. When solutions are implemented, the analyst should continue to monitor these solutions to analyze their efficiency and to make continuous improvements. Knowledge of SQL is important, in order to be able to analyze data from databases. The business analyst should be able to carry out analyses, such as cost benefit analyses. Therefore, strong mathematical skills are essential. Presentation and report-making skills are important in order to present the findings to upper management.

Many positions require a master’s degree in information technology or a related field. Other positions prefer proven experience in IT business analyses over the educational requirements. Many positions offered are full-time. Some positions require that a business analyst works directly for a company, while others work for an agency that provides analyses services to various companies.

Business Analyst, IT Tasks

  • Identify, communicate, and manage risks associated with projects.
  • Identify business or customer requirements and information technology alternatives.
  • Create project plans for information technology development and testing.
  • Translate requirements into new information technology project specifications.

Common Career Paths for Business Analyst, IT

Plan your career path. Drag job titles to investigate a particular path and click on a link to see where particular career can lead.

IT Business Analysts’ salaries may rise greatly for those who assume a higher-end position such as an IT Program Manager. The average IT Program Manager brings home $112K per year. IT Business Analysts most often move into positions as Information Technology Project Managers or Senior Business Analysts; those groups report median salaries that are $17K higher and $15K higher, respectively.

Business Analyst, IT Job Listings

Search for more jobs:

Popular Employer Salaries for Business Analyst, IT

IT Business Analysts fill the offices of leading firms J.P. Morgan Chase & Co. (JPMCC), Accenture, Hewlett-Packard Company, Wipro Technologies Ltd. and CGI Group Inc. For IT Business Analysts, comfortable salaries can be found at Citibank; in fact, average earnings are around $89K, the highest in the area, though the difference in the company’s lowest and highest employee paychecks ($49K versus $177K) is great. IT Business Analysts will also find cushy salaries at Bank of America Corp. (BOFA) (+$88K), Cognizant (+$82K), and Wipro Technologies Ltd. (+$76K).

Relative to other names in the field, compensation is very low at CGI Group Inc. — the median salary comes to just $45K, just about half of the top paying company’s median. Other low-paying employers include Humana, Inc. at $55K and HP Enterprise Services at $55K, though some IT Business Analysts there earn up to $104K.

Popular Skills for Business Analyst, IT

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey results imply that IT Business Analysts deploy a deep pool of skills on the job. Most notably, skills in Requirements Analysis, Business Analysis, Project Management, and Oracle are correlated to pay that is above average, with boosts between 4 percent and 5 percent. Skills that pay less than market rate include HTML, Visual Basic, and Windows Operating System General Use. The majority of those who know Business Analysis also know Project Management and Microsoft Office.

Pay by Experience Level for Business Analyst, IT

Median of all compensation (including tips, bonus, and overtime) by years of experience.

For IT Business Analysts, more experience in the field does not usually mean bigger paychecks. Those in the early stages of their career can expect to make around $61K; however, individuals with five to 10 years of experience bring in $76K on average — a distinctly larger sum. IT Business Analysts with one to two decades of relevant experience report an average salary of approximately $85K. Respondents who claim more than 20 years of experience may encounter pay that doesn’t quite reflect their extensive experience; these veterans report a median income of around $88K.

Pay Difference by Location

San Francisco offers some of the highest pay in the country for IT Business Analysts, 25 percent above the national average. IT Business Analysts will also find cushy salaries in New York (+18 percent), Los Angeles (+17 percent), Boston (+11 percent), and Seattle (+8 percent). With compensation 5 percent below the national average, St. Louis is not known for hefty paychecks and actually represents the lowest-paying market. Employers in Austin and Washington also lean toward paying below-median salaries (4 percent lower and 2 percent lower, respectively).

Business Analyst, IT Reviews

What is it like working as a Business Analyst, IT?

Business Analyst, IT in Los Angeles:

Pros: I love the vast array of knowledge that I have gained just to be able to do my job. Bouncing from client to client, I need to learn (quickly, might I add) new skills and gain expertise in a new area so I can do my job well. It can be stressful at times, but I love the challenge, and feel I am a better all-around person now.

Cons: Sometimes my schedule is hectic, and it prevents me from being able to enjoy the things I like to do at home.

Business Analyst, IT in Vancouver:

Pros: Interesting software and analysis to learn. And a diverse team of developers and analysts to work with.

Cons: The pay and sometime mundane testing periods of the software.

Business Analyst, IT in Topeka:

“Work as middle man between developers and system users.”

Pros: I like testing new systems and trying to break them!

Cons: I dislike the politics that come from upper level management.

Business Analyst, IT in Auburn Hills:

Pros: I get to help people solve problems they have with our software everyday and work with developers to make it better.

Cons: Stressful timeline that is hard to predict.

Business Analyst, IT in Lubbock:

Pros: I most enjoy the changes that each day brings. Nothing stays the same in the healthcare industry, and you have to stay focused every day.

Cons: I least like the lack of accountability that people want to take. It is very difficult to get certain tasks and projects completed when people do not want to take responsibility for them.

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Business Analyst Salary What Are the Financial Benefits of Being a Business Analyst?

Are you wondering if your business analysis career goals make sense financially? Considering switching careers and wondering if you ll take a short-term salary hit? Simply looking to find out what salary a business analyst makes?

The most recent salary survey of practicing business analysts was conducted by the International Institute of Business Analysis (IIBA) in 2013. While the detailed report is available to IIBA members only, I obtained permission to share a few relevant details with our readers.

The report summarizes data from 2,085 responses representing 62 countries. Overall, the findings are positive for those considering a career in business analysis.

Finding #1: The Business Analyst Salary Outpaces Other Professions

In the US, the average business analyst salary is $91,512. This number rose significantly since the $82,493 average salary reported in 2010, and is more than double the median household income.

The report summarized salary figures from five other countries in US dollars:

  • Average Business Analyst Salary in Australia: $111,949
  • Average Business Analyst Salary in Canada: $88,985
  • Average Business Analyst Salary in India: $18,086
  • Average Business Analyst Salary in South Africa: $57,893
  • Average Business Analyst Salary in the United Kingdom: $88,745

Finding #2: More BA Experience = Higher Salary

Across the board, the average business analyst salary increased with years of professional experience. Education did not have a significant impact on salary and in some countries had no impact.

This finding was consistent with the 2010 report. In fact, the 2010 report was more specific and indicated that each year of paid business analysis experience, salary rose by $923. (In contrast, for each year of paid software development experience, salaries only rose by $220.)

The good news for you is that even if you ve never held a titled business analyst job, you may have qualifying business analysis experience. While it s not a direct output of the report, investing the time in discovering your transferable skills and experiences could make a significant difference in your starting salary in your first or next formal business analyst position.

Finding #3: Business Analyst Salaries Diverged Significantly by Industry

In all countries, salaries diverged across industry. For example, in the United States, the lowest paying industry averaged salaries at $81,741 and the highest paying industry averaged salaries at $109,288 .

If you are considering focusing on a specific industry in your business analysis career, the report can help you make a wise financial decision. While exceptions always exist to every average, your choice of industry could have a significant impact on your long-term salary potential as a business analyst.

Increase Your BA Salary

Here are a few posts about getting into a business analyst role and getting noticed for salary-enhancing opportunities:

Learn How to Get Started as a Business Analyst

In How to Start a Business Analyst Career . we discuss all types of business analyst job roles in greater depth and you ll learn how to assess and expand your business analysis skills and experience.

This book will help you find your best path forward into a business analyst career. More than that, you will know exactly what to do next to expand your business analysis opportunities.

Click here to learn more about How to Start a Business Analyst Career

Stay informed about new articles and course offerings.

(You’ll get a free step-by-step BA career planning course too).





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