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

I am confused , can you help me out

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

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD

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?

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