Alpha

What is the kind of salary a Business Analyst would get as a fresher?

I am confused , can you help me out

by Alpha
2 answers
| Share :

2 answers

RE: What is the kind of salary a Business Analyst would get as a fresher?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Hello My Dear Career Aspirant,


Business Analysis and further Business Intelligence (BI) is a growing field. Over flow of data and information has made it necessary to analyse information and business happenings in order to make informed and correct decisions for organisations as well as individuals.


Business Analytics organisations, IT companies, Banks, Insurance, Mutual Funds all require Business Analyst. Business Analyst are known to be brainy and very comfortable with maths and logical reasoning and research capabilities.

As a fresher (who has done a business analytics course or courses like Chartered Financial Analyst (CFA)) generally start their jobs in the range of Rs. 20,000 - 30,000 per month. This is since they are freshers and learning theory of business analytics and performing actual job are different things and so companies take a cautious view and decide the salary in the median range.

Salary also depends on the company hiring it. Large MNC may pay more and medium-small companies may pay less, however ultimately the work is what matters at the end of the day.

I hope this would help you in a way to decide what you can expect as a fresher business analyst in a good company.

All the Best

RE: What is the kind of salary a Business Analyst would get as a fresher?

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 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. With 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 most of the initiatives.


Required Skills or Personal Qualities:
Business Anslysts needs 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. Problme Solving Skills
14. Decision - Making Skills
15. Negotiation & PErsuasion Skills
16. Managerial Skills


Requirements to get job as Business Analyst:
- Most employers requires candidates to have Bachelor's Degree in Business Administration or a related field, but some prefer candidates with a Master's Degree.
- Certified Management Consultant (CMC) may have the best job prospects.
- Certifications such as "Certified Business Analysis Professional (CBAP)" and "Certification of Competency in Business Analsysis (CCBA)" would be considerd as an added advantage.


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 visitng leading international educational institutions to recruit promising students as a Business Anlysts. With the Business Anslysis qualification earbed 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.

A Fresher Business Analyst from India can start with a salary of aroung Rs. 3,00,000.


Further doubts or queries feel free to contact.

--
Regards,
Rahul.

RE: What is the kind of salary a Business Analyst would get as a fresher?

This topic is now closed. New replies are no longer allowed.
Latest ANSWERS

hello mam..i'm doing my 2nd year BSC. in HOTEL MANAGEMENT..i would further like to do an MBA...but i'm totally confused with the specialisations in MBA..pls help me through..and do u think studying overseas is a better choice??

well thank you so much mam.. thats some serious advic.. helps a lot :)   .. read more

What is the best career options for science student.. leaving medical n engineering..????

Hello Anisha,  As you have rightly mentioned medical and engineering are not the only option for a science student. But please note there is noth .. read more

hello mam Iam an mba in hr/marketing.due to recession in market.i didnt get job in year 2008.i passed my mba in 2007 to 2009 batch.im doing temerary job in retail.so guide me for future job vacancy.what should be my next step

Hello Vikas,  Recession hit the market in 2008. Now its been 8 years and marketa are doing very good. Though i do not disagree that every year ma .. read more

Hello,I want to ask about drug regulatory affairs...it's scope and benefits further job opportunities,required skills and salary according to post of job...

Hello Vandana,  Interesting question. Regulatory affair is one of the most important role in the pharma, chemical, cosmetics and food industry. T .. read more
Most Popular

If I start as a Computer Engineer, where should I see myself after five years, given that I keep working in same field?

Hi Swarali, Good question! In 5 years time; if you are working for a large Computer organization; You are likely to end as one of the following; 1. Sp .. read more

Do 12th board marks have any importance in jee mains

Hello, Thanks for Asking...!!   The Union Ministry of Human Resource (HRD Ministry) has decided that Class XII marks will not be a factor for det .. read more

I want to become a Bio Technologist. What is the eligibility criteria for that?

To become a BIO Technologist, Take a science in a high school: You have successfully completion of 10+2 in science After you can opt the graduation co .. read more

What are the off-campus placement opportunities for a Electronics & Communication Engineer student?

being as an engineer there are lot off opportunities , first of all you make a point where you want to build your career 1. software testing 2. softwa .. read more