The demand for business analysts has boomed in recent years. Companies are desperately looking for professionals who can bring down their operation costs, increase efficiency and help the business to beat the market. For short-term decision making, the top-level managers look at their finance or operation or human resource managers to take care of the immediate problems. For long-term solutions, business analysts are called into the meeting. This is one job role that cannot go extinct. Intelligent machines can complement the work of business analysts but can hardly take over. And the best part of it all is that you can become a business analyst by passing out from one of the top BBA colleges. The path is straight and the future is bright.
Who is a Business Analyst?
A business analyst is that executive of any company who considers all the past and present happenings of the organisation to craft strategic future plans for bettering the existing system. If productivity has fallen, a business analyst consults with the stakeholders and associated managers to come up with a working long-term solution. If revenue flow is good, then the business analyst looks into the collected data to suggest improved resource allocation and investment options. In short, a business analyst is always looking to bring about a welcome change within the enterprise. The goal is to improve business efficiency, productivity, customer/client base and brand value.
Today, the role of business analysts has spilled over various domains. And that is partly driving the overwhelming demand. Modern-day companies are hiring:
- Process business analysts
- Systems analysts
- IT business analysts
- Data analysts
- UX analysts
- And functional business analysts
Under the umbrella term business analysts, these executives often work together to make decisions. Different departments may also hire a number of these executives depending on the size of the company. For instance, both finance and operations departments will require a data analyst. However, product management can do only with UX analyst by merely accepting data from the marketing and sales team. Your work experience combined with the major in your degree will determine the stream of business analysts that you can step into.
The skills you need to become a business analyst
The 21st-century has moved passed hard technical skills a long time back. Naturally, while talking about skills, the soft ones take precedence as the best BBA colleges in Delhi NCR almost always take care of the hard part. To rise to the level of becoming a business analyst, you will typically need the following soft skills in your arsenal.
- An impressive analytical skill where you can look into the existing workflow, data and other processes to arrive at a logical decision.
- Unmatched communication skills over all available media to constantly be in touch with the stakeholders and analyse their inputs.
- Leadership qualities to not only manage your own team but be the link between the different departments of the company.
- Striking report writing and presentation skills to convey your message and convince the decision-makers.
- Intuition to detect and analyse risks and compare them with available data.
- And a mind to absorb a deep understanding of the various wings of a particular business, irrespective of the department of your work.
How to become a business analyst?
- Get a BBA degree
Business administration degree holders are the preferred choices to become business analysts. The course teaches you about the nuances of all businesses in general and builds your base for the ultimate goal. Equipped with the knowledge of corporate functioning, you fit right in to analyse businesses and the top BBA colleges in Delhi are where companies come to hire entry-level business analysts.
- Pursue a certification course
You will need to manage a lot of data. Even if the IT team does all the hard work for you, you will still have to visualise and interpret data. Hence, a short certification course on advanced Excel or a basic programing language will help your cause and propel your chances of working as a skilled business analyst.
- Gather work experience
You will require a master’s degree on top of your bachelor’s to directly enter the vertical of business analyst. But you can also manoeuvre your way to the position by gathering adequate work experience. Start with internships and finish with dedicated service in any department. You can make the necessary switch any time after that.
The BBA course of Lingaya’s Lalita Devi Institute of Management & Sciences, affiliated to the IP University and based in South Delhi, can give you the right start. Not only is the curriculum technically comprehensive but your skill development is also on the corporate lines. LLDIMS has already produced many business analysts who are leading the successes of many companies and this is indeed the right institution to help you to lay the first cornerstone.