Job Description of a Business Analyst

A business analyst is a professional individual who analyses a business domain or industry and documents its business, systems, or procedures, assessing the business’s organizational structure or its relationship with technology. Most importantly, a business analyst is responsible for the identification of new business opportunities, analyzing the competition, developing methods to cope with emerging problems, planning and organizing new projects, analyzing market conditions, developing business strategies, and reviewing financial statements and related documentation. Thus, a basic requirement for the position entails having a bachelor’s degree in business administration, preferably with a business-related focus. You should be familiar with various computer systems, mathematics, statistics, finance, and marketing, as well as understand how to conduct online searches or computer data collections. These skills are very much necessary since most companies have a need for consultants in order to perform and manage business functions such as customer service, product and inventory management, human resources, marketing, accounting, research and development, and manufacturing.

In order to get hired as a business analyst, the most important requirements are a minimum of a bachelor’s degree and at least two years of experience; however, experience and training do not guarantee a job as a business analyst. You should have excellent communication skills because analysts often act as consultants to existing companies, conducting data analysis, planning and implementing methods to improve processes or products, evaluating the company’s strategies, and evaluating competitor brands. To perform these duties, business analysts must be able to communicate with people from all levels – upper managers to field employees and customers.

You might want to consider taking computer-based classes that would teach you how to communicate with different types of people and improve your decision-making processes and overall productivity. If you have a strong analytical skill set and strong writing skills, you might want to consider getting a Bachelor of Science in Statistics or Business Administration (BAS). You might also want to take courses related to business analytics, like data analysis, business law, statistics, marketing, and business communication. Having strong computer skills and a broad range of knowledge about business analysis techniques would also be very helpful.