Mike Hrahsel

What are the most lucrative jobs available for Business Analysts and what is the criteria to enter them?

I am confused , can you help me out

by Mike Hrahsel
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RE: What are the most lucrative jobs available for Business Analysts and what is the criteria to enter them?

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

Business Analysts have a plenty of lucrative job opportunities both in India and outside as well. They work across various industries and therefore wide range of job options are there for you if you want to work as one. Whether it's Management Consulting, Technology Consulting, Operations, IT, Business Administration, everywhere Business Analysts are in demand. Below is the summary of various hefty paying job options for Business Analysts and what is the criteria to enter them.


1. If you work in the finance and banking sector, you are going to get huge salaries as a business analyst. In these fields however, the work load will be quite high and you won't have enough time for leisure. The criteria is often an MBA in the related field and understanding of the various business processes and the core domain.

2. You can also work in Management Consulting firms as a Business Analyst in order to make good amount of money. Again these companies mostly require MBA and put a lot of stress in the business knowledge and how does one handle the business cases. Here the work is slightly less hectic and one gets a number of opportunities to travel as well. But remember the top Management consulting firms have rigid criteria while hiring and only hire from top class B Schools.

3. The IT revolution has set emerging trends in this field and Business Analysts in IT sector are also making huge amount of money. India generally outsource IT solutions to the western world and therefore Indian software engineers can easily get the job of Business Analyst in an IT company both in India as well as outside. Here the educational criteria is typically an engineering degree and expertise in various software.

Therefore the Business Analysts have numerous job options that pay well and these opportunities are growing with the time. The educational qualifications matter a lot and therefore one has to maintain good academic record. Also, it is important to work on skill building exercises to improve their skills and get wonderful salary.

RE: What are the most lucrative jobs available for Business Analysts and what is the criteria to enter them?

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 capable of functioning competently in diverse roles.

Outsourcing has become a mainstray in our global economy. Large corporations reduce ther 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 analysts can be witnsessd 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 most of these initiatives.


Required Skills or Personal Qualities:
Business analsysts 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


Eligibility Criteria to get job as a Business Anslysts:
- 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.
- Certifications such as "Certified Business Analysis Professional (CBAP)" and "Certification of Competency in Business Analysis (CCBA)" woule 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 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 giants often visiting leading international educational institutions to recruit promising students as Business Analyst. With the business anslysis qualification earned abroad and 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.


The various types of Analytics Jobs:
Analytics Jobs are of various types including Data Analytics, Web Analytics, Marketing Analytics, System Analytics, Analytics Consultant, Financial Analytics, Investment Analytics, Business Analytics and so on.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: What are the most lucrative jobs available for Business Analysts and what is the criteria to enter them?

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