Business analyst acts as a liaison between the information technology (IT) division of the company and management. He is responsible for analysing the company’s business systems and identifying different options for augmenting the working of business systems. It is the job of an analyst to clearly understand the problems of a company and create viable solutions for the woes confronting the business. While creating these systems, it is his job to provide technological solutions to different business problems.
1= Defines and records various business functions & processes.
2= Consults with management and personnel to clearly define business needs, procedures, problems and different levels of systems access.
3= Develops new systems and makes enhancements to current systems in order to ensure that it is in close conformity to the needs of the user.
4= Identifies various opportunities for improving business processes through information systems.
5= Provides assistance in training technical staff.
In reality, there are no particular qualifications that you may need for doing analyst jobs. Business analyst job has become synonymous with engineering and IT. As a result, an IT background would be required for certain job profiles. Also, a post-graduate degree in finance is an added benefit. The IIBA (International Institute of Business Analysis) is offering a certified professional certification, which is recognized across the world.
In the last few years, there has been a spurt in the economic growth. Due to this, there are various business analyst jobs which are available in the market. The package of an analyst is quite lucrative and the job comes along with other perks as well. The package depends on factors like company, experience, work profile, location and skills. The IT sector business analysts are drawing good perks. On an average, an analyst can earn around Rs 5-12 lakh/annum.
Sectors generating jobs are
Oil & gas
Insurance & finance