Sahil Sharma

How important it is to have broad business knowledge to become a Business Analyst?

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by Sahil Sharma
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RE: How important it is to have broad business knowledge to become a Business Analyst?

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

The broad business knowledge is very important for any Business Analyst as the job requires that. Below are the explanations how and why it is important.


1. A Business Analyst has to work across a range of industries in their projects. One has to quickly learn and adapt to the new industry. Therefore it is very much required that they have the prior knowledge of the industry that they are getting in to, so that it becomes convenient for them to start working immediately on the project.

2. Business Analysts work on business cases. These cases often involve the knowledge and understanding of the businesses and therefore the expert work is important for that purpose. Once they start working on the case, they have to do their research and gather the data. Later they do calculations on that data. If they have deep understanding of business only then they will be able to interpret the facts right and derive the right conclusions.

3. Business Analysts have to attend meetings, seminars, training programs where the regularly share their knowledge and expertise with others. In such scenario, it is important for them to have that knowledge so that they can share themselves. The learning in case of business analysts' profession is all about business knowledge and practices. There is no other important learning for them than to understand the businesses well and the processes that work there.

4. Business Analysts have to constantly interact with the clients. They have to understand client's business immediately else they might lose client's faith. Therefore they need to have the right skills and learning so that they can easily grasp client's point of view and provide them the relevant solution. That way only they can provide their valuable contribution to the business world and serve their purpose.

Therefore it is very much required for Business Analysts to have that knowledge and sense of business.

RE: How important it is to have broad business knowledge to become a Business Analyst?

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 to an organization. - a BA is a generalist capabe of fucntioning 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 the need for higher quality and more precise analysis, including creation of documents and functional specifications, has risen. Withi this equipment, an increasing demand for business analysts 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 are at the center of the most of these initiatives.


Required Skills or Personal Qualities:
Business Analysts need to have following:
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.
Apart from this, the Business Analyst must have broad Business Knowledge as he acts a Consultant to Company's Stakeholder and partners.


Roles and Responsibilities:
1. Helping Businesses implement technology solutions in a cost-effective way by determining the requirements of a project or a program
2. Communicating the requirements clearly to stakeholders, facilitators, and partners.
3. Tackle more complex projects
4. Own Enterprise Analysis Responsibilities
5. Understand the Business Process
6. New Business Domains are NO Problem for Business Analyst
7. Lead the BA effort
8. Can be consultants for Internal Stakeholders.


Career 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 educational institutions to recruit promising students as Business Analyst. With the Business Analysis qualification earned abroad an experienced 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 you nurture your career.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: How important it is to have broad business knowledge to become a Business Analyst?

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