Sunita Sahu

As a Business Analyst, what is the scope and relevancy of doing an MBA?

I am confused , can you help me out

by Sunita Sahu
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RE: As a Business Analyst, what is the scope and relevancy of doing an MBA?

Deepak Rana
Deepak Rana
Verified Career Expert
Author: Sky Beyond the Clouds
  • Kangra

As a Business Analyst it is highly recommended to do an MBA. It is one of the professions where MBA adds a great value and is helpful in rising up the corporate ladder. This is how the MBA degree is going to help you in your career if you are a Business Analyst.

1. MBA is a good way to climb few steps quickly in your corporate ladder. The degree will let you to take up a position that is one or two levels senior to your current role. This way you don't have to work for years to get there. MBA degree will do that for you. But remember a lot of hard work is required in B Schools.

2. MBA will add value to your salary. There will be a huge increase in your salary. The companies pay their employees not only on the basis of their experience but also educational qualifications. If you are an MBA from a top B School, definitely they are going to offer you something great.

3. It will help you in shifting your current industry. It happens sometimes that you get bored of working in a particular industry. As a Business Analyst you will be working in certain sectors or industries. But if you want to change them there won't be much flexibility as companies have to fulfill the needs of clients. It becomes difficult to shift employees' industry. With MBA you can do that.

4. It will help you change your job in case you want to. A number of times we get trapped in a job that doesn't appeal us much. And we are not in a situation to quit that job as we don't have much options. With MBA, there will come variety of options in terms of career opportunities.

5. MBA is not only important in getting you a good job but it adds a long term value to your personality and skills. One of the most important attributes of an MBA degree is to learn - how to work with people. This is quite important as you gain experience and move to the managerial positions. The learning that happens in MBA degree will be of great help.

RE: As a Business Analyst, what is the scope and relevancy of doing an MBA?

Rahul Shinde
Rahul Shinde
Verified Career Expert
Career Consultant at Pinnacle School of Business Management
  • Thane

Hi,


Greeting's for the day!!!

In Today's fast-paced market scenario, the role of Business Analyst (BA) lends great value toan organization. - a BA is a generalist capable of functioning competently in diverse roles.

Outsourcing has become a mainstray in our global economy. Large corporations reduce their operation cost by seeking out the same work quality at lower costs. By outsourcing, a distance between business stakeholder and the programmer is created, creating a need for higher quality and more precise analysis, including creation of documents ad functional specifications, has risen. With this equipment, an increasing demand for business anslysts can be witnessed in our information economy.

Added to this, in a competitive economic landscape, business bodies strive to improve their business processes and reduce costs - Business Analysts ar at the center of most of these initiatives.


Required Skills or Personal Qualities:
Business Anslysts needs to have following skills:
1. Communicating Details and Concepts
2. Technical Skills
3. Conceptual Modelling Skills
4. Curiosity
5. Decomposing the Abstract into Details
6. Mentoring and Coaching
7. Communicating Risks
8. Leveraging the "Parking Lot"
9. Change Management
10. Asking WHY?
11. Impromptu Whiteboard Drawing
12. Analytical Skills
13. Problem Solving Skills
14. Decision - Making Skills
15. Negotiation and Persuasion Skills
16. Managerial Skills.


Requirements to get job as Business Anslyst:
- Most employers require candidates to have Bachelor's Degree in Business Administration or a related field, but some prefer candidated with a Master's Degree. (So there is a lot of Scope for MBA in Business Administration)
- Certified Management Consultant (CMC) may have the best job prospects.
- Certification Courses such as " Certified Business Analysis Professional (CBAP)" and "Certifiaction of Competency in Business Analysis (CCBA)" would be considered as an added advantage.


Job Prospects:
The 2006-2016 U.S Bureau of Labor Statistics (BLS) report predicts BA's will be among the fastest growing IT Occupations, while Google, Infosys, Wipro and their like are constantly on the lookout for business analysis graduates with the acumen to undertake critical business projects.

Career prospects for this course are quite promising, with multinational gaints often visiting leading international educationsl institutions to recruit promising students as Business Analyst. With the business analysis qualification earned abroad and experience earned during your study tenure, you can start with a salary of about Rs. 4,20,000 and reach Rs. 15,00,000 or even more over the years, as nurture your career.

Candidate with MBA as Qualification and 2-3 Work Experience, can serve as a Mid-Level Management Positions and earn around Rs. 5,00,000 to Rs. 7,00,000 per annum.

Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: As a Business Analyst, what is the scope and relevancy of doing an MBA?

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