Business Analyst - A Lucrative Career Path

By Author: Vijay K Shetty
Total Articles: 2542
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The key to success lies not in getting the right answers, but in asking the right questions, in the right way and the right time. With the increase in the number of graduates each year, there are also increasing opportunities, and one of the most important but less known of them is that of a business analyst.

The essence of this profession lies in the ability to brainstorm business problems, deliver effective solutions and fuse them with technological expertise. The role of a business analyst encompasses several job profiles and can be very confusing to understand what is expected out of one. It does not mean that it is a job in a boring monotonous industry; one can be an analyst in the industry of his choice. An analyst is required in travel and tourism, hospitality, education sector, consumer goods, service providers, etc.

The roles and responsibilities would be more or less similar, but the challenge lies in identifying which sector of the industry lies one's interest and where they wish to pursue their career with hard work and self-satisfaction.

Here are some of the skill which would be expected out ...
... of an analyst.

Understanding business process management and converting them into specific software requirements
Strong technical skills coupled with business intelligence and business management
Being the link between systems, customers and business requirements
Thorough SWOT analysis and aid in change management.
Design functional specifications and systems for clients

The main activities include implementation and support of risk managements activities, capital markets, functional testing for software, issue analysis, excellent communications to aid all support teams to deliver a project within deadlines, and also asses the feasibility of a particular project.

The functionality of a business depends on the skills of the business analyst and hence he must possess sound technical expertise and also have depth of knowledge in the subject domain. When leveraged in the right way, he has to be a liaison between the business, the project and the customers.

In the wake of entrepreneurship, there are as many business opportunities as there are businesses. A business analyst is a crucial asset for every organisation, and they have great career opportunities for moving up the ladder at executive levels. Due to the nature of the tasks they perform and their importance in the organisation, a business analyst commands high pay package, provided he has all the required skills to make the business profitable.

Vijay K Shetty, Platinum Level Author.

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