How to Build a Successful Career in Business Analysis: An Overview
Are you thinking about a career in business analysis? If this is the case, you are not alone: The Bureau of Labor Statistics forecasts an 11% increase in demand for management analysts, including business analysts, between 2021 and 2031. Unquestionably, the role of a business analyst has become increasingly important, with more and more businesses turning to data-driven decision-making. So, let’s look into what it takes to become an associate business analyst and how to succeed in this dynamic field of analysis.
What is an Associate Business Analyst? What do They do?
A junior-level professional in business analysis is known as an associate business analyst. They usually help senior business analysts and project managers improve business processes, systems, and operations. An associate business analyst’s responsibilities can vary depending on the organization. Moreover, it also differs based on the project they are working on. However, in general, their responsibilities include:
- Data collection and analysis: They need to collect and analyze data from a variety of sources to identify trends, patterns, and insights to make informed business decisions
- Conducting research: Another requirement is conducting market research and competitive analysis to identify industry trends and best practices
- Documenting requirements: An associate business analyst must collaborate with stakeholders to develop functional specifications for new systems or processes
- Testing and quality assurance: This role further calls for assisting in the testing of new systems or processes to ensure they meet business requirements and work properly
- Facilitating communication: In addition to the above, these analysts are also required to assist in the facilitation of communication among various stakeholders, such as business leaders, IT professionals, and end users
ALSO READ: What are the Top Skills for a Senior Business Analyst in 2023?
How to Become an Associate Business Analyst
Here are a few steps one can take to become an associate business analyst:
Obtain a Degree
First and foremost, a bachelor’s degree is a minimum to become an associate business analyst. While it is possible to land a job without a degree, having a bachelor’s in business, finance, or information technology can certainly help.
Gain Relevant Experience
Second, one needs relevant work experience to become an associate business analyst. Most employers prefer hiring candidates with work experience—even for entry-level positions. Therefore, consider taking up internships or entry-level positions in related fields such as data analysis or project management.
Develop Relevant Skills
Third, develop the relevant skills to succeed in this field. An associate business analyst should be detail-oriented and analytical. They also need to have excellent communication skills. Take courses or receive data analysis, project management, and communication training.
Learn Relevant Software
Fourth, to advance in this position, learn applicable software and tools such as Microsoft Excel, Visio, and SQL.
Obtain Certification
Fifth, obtain certification that demonstrates knowledge and dedication to the field. While this isn’t a necessity per se, an International Institute of Business Analysis (IIBA) certification or Entry Certificate in Business Analysis (ECBA) can be of immense value.
Network
Finally, network with other business analysts to gain insight and learn from them. Meet and connect with other professionals, and attend industry events. Also, join professional associations like the IIBA.
ALSO READ: A 2023 Guide to a Career in International Business Management
Associate Business Analyst Skills
As an associate business analyst, there are several skills needed to excel in the role. These include:
- Analytical skills: One should understand able to analyze large amounts of data and identify patterns, trends, and insights that can help make business decisions
- Problem-solving: Additionally, the role calls for identifying and solving problems by gathering information, evaluating alternatives, and recommending solutions to stakeholders
- Communication: Undoubtedly, an associate business analyst must have excellent communication skills. They must be able to explain technical concepts to stakeholders—whether they be executives or end users—in layman’s terms
- Attention to detail: Furthermore, pay close attention to details. Ensure the data is accurate and complete and that all relevant information has been considered
- Project management: Moreover, one must be adept at managing projects. Associate business analysts should know how to define project scope, create timelines, and manage resources. Also, ensure that the deliverables are completed on time and within budget
- Business acumen: The role further entails applying one’s knowledge of business operations—such as finance, marketing, sales, etc.—to the work
- Technical knowledge: Consequently, a working knowledge of databases, programming languages, and software tools can help one stand out. Such knowledge also ensures more effective collaboration with technical staff. It further aids in the identification of technical solutions to business problems
Associate Business Analyst Career Path
The following are some common career paths for an associate business analyst:
Business Analyst
As with any job, one can advance to this role after gaining a few years of experience as an associate business analyst. The responsibilities include managing project management and collaborating with stakeholders to define requirements, develop solutions, and implement changes.
Average Salary: $76,498/year
Senior Business Analyst
One can become a senior business analyst after several years of experience as a business analyst. In this position, one is in charge of leading large and complex projects and mentoring junior team members.
Average Salary: $87,812/year
Manager or Director of Business Analysis
Upon gaining enough experience in business analysis, one then advances to a leadership position like manager or director of business analysis. Professionals in this role are responsible for leading a team of business analysts. They also define their organization’s overall business analysis strategy and ensure that the business analysis projects align with the company goals and objectives.
Average Salary: $140,784/year
Frequently Asked Questions
1. What are the Main Tasks of an Associate Business Analyst?
The main tasks of an associate business analyst typically involve analyzing data, identifying business problems, and making recommendations to stakeholders.
2. What are the Skills Required for an Associate Business Analyst?
The skills required for an associate business analyst include analytical, problem-solving, communication, attention to detail, project management, business acumen, and technical skills.
3. What is the Career Path for an Associate Business Analyst?
The career path for an associate business analyst can lead to roles such as business analyst, senior business analyst, and manager or director of business analysis.
4. How to Become a Certified Business Analyst?
To become a certified business analyst, complete a business analysis certification program and pass a certification exam. From this article, it’s clear that becoming an associate business analyst necessitates a mix of skills, experience, and education. With the right approach, building a successful career in this field and significantly impacting organizational success is possible. And this is easily done with Emeritus’ data science and analytics courses. Enroll and take the first step toward excellence!
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