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How to Become a Business Analyst - YouTube
Channel: 365 Data Science
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hello everyone and welcome to another
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365 data science special
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in today's video we'll explore one of
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the most
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popular career choices in the business
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world the business
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analyst profession we'll discover who
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the business analyst is
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what they do how much they make and what
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skills and academic background you need
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to become one
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but before we begin we just want to
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remind you that there are plenty of
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amazing career paths you can explore
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within the field of data science
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and data analytics such as machine
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learning engineer
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risk management analyst marketing
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analyst
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research analyst we'll do a video
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just like this for each of these career
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opportunities and many more
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so be sure to check them out too alright
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now let's start with a brief overview of
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the business analyst profile
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who are they and how do they fit inside
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a company
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the title business analyst sounds a bit
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generic at first
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and may cause hesitation among
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entry-level candidates
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however the fact that this is a flexible
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position
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could be encouraging as the business
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analyst role
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encompasses many different activities in
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a firm in fact depending on the
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organization
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this can be an entry level position or
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a role for experienced professionals
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this means
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business analysts engage with a wide
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variety of tasks
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and the job description from one firm to
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the other
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can be very different in different
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businesses
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business analysts will be focused on
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some of the following types of
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activities
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process and systems improvement in terms
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of efficiency
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and effectiveness solving business
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problems
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looking for savings and efficiencies
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focusing on business development
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and searching for new opportunities
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performance analysis
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competitor analysis indeed business
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analyst
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is one of the most dynamic roles in the
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company
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they may report their findings to the
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head of a particular division they are
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assigned to
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or alternatively they might be
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discussing a specific case
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with a product or a project manager and
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in some instances the business analyst
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serves as a link between the business
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development manager
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and the respective head of division or
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product owner
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one thing is for sure you will never be
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bored on the job
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that's the elevator pitch of this
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exciting job role
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but to gain a better understanding of
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what it means to be a business analyst
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we need to take a closer look at their
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typical day-to-day responsibilities
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so what do business analysts do
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the answer is it varies in different
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companies
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business analysts are expected to carry
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out different activities
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but here are some of the most common
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duties business analysts
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analyze the performance of a particular
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segment in a company
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very often they engage with the analysis
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of different processes
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defining goals and formulating
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hypotheses
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their effort is to optimize the
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performance of the particular segment of
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the company they have been assigned to
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they not only collect data but also
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apply
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data-driven decision-making communicate
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findings
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and oversee the implementation of these
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findings
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what's more business analysts often
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conduct training for
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non-technical team members so we can
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safely say that the business analysts
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are the best communicators among problem
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solvers
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and are always ready to lend their
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expertise
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across the organization the division
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business analysts are assigned to
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can be sales supply chain administration
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within that structure they conduct
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research try to rely on data as much as
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possible
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and are typically involved in creating
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dashboards and other bi tools
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that allow for easier communication of
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their findings
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as you can see a business analyst job is
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demanding
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but it can be very rewarding too
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according to the data a business analyst
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earns 68
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346 dollars on average so
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if you're making the first steps in your
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business analyst career
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you can expect a median salary of 50 000
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a year of course as you gain more
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experience
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your annual pay will also go higher up
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to 93
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000 pretty awesome right
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now that you know what it's like to be a
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business analyst let's explore your
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possible career path
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and how you can become one a business
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analyst
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job is a great option to explore both on
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its own
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and as the first step on the career
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ladder to becoming a product lead
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head of product or head of division and
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why not a vp
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most middle and large companies across
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all industries
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including consulting finance and tech
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offer
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full-time business analyst positions
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consultancy is
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also very popular for this profession
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especially in smaller organizations
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however this option provides a business
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analyst with a limited view of the
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business
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compared to their counterparts employed
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by a company
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in a specific industry so what are the
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key skills you need
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to apply for a business analyst's job
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we researched 1 395 job ads
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to discover the desired tools and skills
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business analyst candidates
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must have here's what the data says
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sixty percent of job postings emphasized
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excel skills
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forty-one percent mentioned strong
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communication
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six percent requested tableau and four
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percent
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power bi what about the academic
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background
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66 of job posts require a bachelor's
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degree
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this is standard for this profession in
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terms of experience
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most employers in our sample required an
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average of four years on the job
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although 35 percent of job ads were also
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suitable for people
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with no prior working experience so
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to sum up if you want to maximize your
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chance of landing a business analyst job
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you definitely need to be proficient in
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excel
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you need strong communication skills and
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possibly learning a bi
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software like tableau or power bi
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could give you an edge too and we've got
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you covered
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we developed the 365 data science
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program
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to help people of all backgrounds enter
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the field of data science and data
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analytics
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we have trained more than 500 000 people
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around the world
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and are committed to continue doing so
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if you are interested to learn more
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you can find a link in the description
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that will also give you a special
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offer on all of our plans alright
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now you're aware of the most important
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aspects of the business analyst position
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what to expect from the job and what
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skills to focus on to become one
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nevertheless if you feel like you still
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need
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additional career advice and a more
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detailed analysis of the career
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opportunities in data science
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we wrote a super comprehensive guide
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about this
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and the link is in the description if
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you want to learn more
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in the meantime thanks for watching and
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good luck on your data science journey
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