hi

Rhea Philip

Shall we see saturation of jobs of Business Analysts in the next few years?

I am confused , can you help me out

by Rhea Philip
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3 answers

RE: Shall we see saturation of jobs of Business Analysts in the next few years?

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

No, there won't be any saturation of jobs of Business Analysts in the coming few years. Here are the reasons why:

  • The consulting field continues to grow across different industries. This is because all the industries need expert advice about their planning and executing the strategies. Some companies build in house consulting team while others rely on outsourcing. In either case the scope of a Business Analyst is huge.
  • In the coming time, managing the data will be a huge challenge. And equally important is to rightly interpret that data and get the meaningful information out of it, which is precisely what Business Analysts do
    .
  • The analytical tools for the organizations (both govt and private) are of great help. They rely on them to spread their businesses and make it more productive. Business Analysts who work on these tools will be required to continue working on them.
  • Business Analysts are the professionals who help the management in finding the suitable data by doing their research and conducting the analysis on top of that. Therefore the role is crucial for any type of business. Which means the role is going to sustain for long.

RE: Shall we see saturation of jobs of Business Analysts in the next few years?

Alok Agrawal
Alok Agrawal
Verified Career Expert
Mananger at Etoe Group/Career Counselor
  • Bangalore

Hello dear....




As per your query about the saturation of jobs for a business analyst in the next five years, mu answer is no I do not see any kind of saturation in the job of business analyst as the work what a business analyst do is not a routine or monotonous work its scope and range is very huge with a huge diversity in it.




All companies need a business analyst what ever may be the business to do the analysis of their business profitability, expenses and so many varied range of parameters to know where they stand actually, so there's nothing like coming of saturation in this line of work.





always a big amount of data will be there with companies which they need to analyse for which a business analyst is the person on action so how they will not hire.



In any situation and case they need some one to tell the plan and formulation of strategies basedon the analysis reports and findings of business analyst. so thinking that a sturation will come in next five years is a complete myth I would say.Again with the advanced technology and tools work is becoming more easy accurate and flexible which is help ful for the companu in generating good analysis and research of the work or business of the company, and a business analyst is always aware of all the advanced tools and techniques which will be help ful for the growth and sucees of the company to make the company a profit earning company and have a upward growth chart in future.


















Hope you got the answer for your query and now you do not have any kind of confusion about the work and scope of a business analyst and now you are clear that no such saturation will come in next five years for a business analyst job. It will have lot many scope and opportunities in future as per me



thank you for coming to CareerGuide.com and asking your query to us it is our pleasure to help and guide you in the best way we could and lead you to a succesful career path, clear all your doubts and help you to get a better idea and knowledge of the line you choose.


All the best for your bright future and career


Thank you

RE: Shall we see saturation of jobs of Business Analysts in the next few years?

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 a Business Analsyst (BA) lends great value to an organization. - a BA is a generalist capable 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 fucntional specifications, has risen. With this equipment, an increasing demand for business analsysts can be witnessed in our information economy,

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


Required Skills and Personal Qualities:
Business Analysts need to have:
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. Negotatiation and Persuasion Skills
16. Managerial Skills


Required Eligibility to get job as a "Business Analsyst":
- Most employees require candidate to have Bachelor's degree in Business Administration or a related field, but some prefer candidates with a Master's Degree.
- Certified Management Consultants (CMC) may have the best job prospects.
- Certification such as "Certified Business Analysis Professional (CBAP)" and "Certification of Competency in Business Analysis (CCBA)" would be considered as an added advantage.


Career Prospects:
The 2006-2016 U.S. Bureau of Labor Statitics (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 Anslsyst. 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 you nurture your career.

As with current demand of Business Analysts in IT and other industry, there will be no saturation of jobs in next few years.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.
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RE: Shall we see saturation of jobs of Business Analysts in the next few years?

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