How to Become a Business Analyst​ in India?

Business Analytics involves the combination of a person’s Business Acumen and Data Analytics. Business Analysts need to be adept at both. Their task is about learning and identifying data patterns and then analyzing them for further insights. After that, Business Analysts develop strategies upon those insights to find solutions to business problems.

To become a Business Analyst, one must pursue higher education from reputable business colleges. It is a long journey of knowledge-gaining and skill development, whilst completing a Bachelor’s degree in Business Administration (BBA) and then an MBA in Business Analytics. But to learn more about it in detail, let’s dive deep into this article.

Who is a Business Analyst​?

Any person who analyzes data sets of business products, services, and software to process, interpret, and document insights gained from them, is a Business Analyst. They find patterns in order to develop strategies that help solve business problems.

Business Analysts also possess a succinct and precise amount of business acumen that is vital in their field. It is also what sets them apart from Data Analysts. Business Analysts also have a knowledge of IT and the functioning of a business, which they utilize to ensure the efficiency of a business.

How to Become a Business Analyst?

To become a Business Analyst, one must develop a set of key skills like Data Analysis, Analytical Skills, Business Process Modelling, Data Modelling, and Documentation, among others. In order to gain this knowledge and learn such advanced skill sets, one must get a degree and get certified, likely from any reputable college like MBA ESG.

You need to pass Class 12 with 50% marks or above across academics to start your Bachelor’s program in Business Administration. While in BBA Business Analytics, they must learn the basics of Business Analytics, its scope in the Indian market, and how they can build a career out of it. They must also graduate with their BBA in Business Analytics with at least 50% marks across academics.

Post their graduation, they can pursue an MBA in Business Analytics to further learn the specializations in this field. To study MBA Business Analytics, one must clear any of the entrance exams like CAT, XAT, MAT etc or University Enterance Exam.

Once hired, they can start their career journey as a Business Analyst. During their BBA and MBA, it would also be important for them to do as many internships as possible, attend many workshops, conduct and attend live seminars, and gain practical experience wherever possible. This will help them acquire the necessary skills, become more closely oriented to industry needs, and quickly climb up their career ladder.

What Are the Roles of a Business Analyst?

A Business Analyst has to perform a series of roles as they don different hats under their broad designation. Here are their roles and responsibilities as listed below:

  • Identifying the business problem and emphasizing on organization’s demands and requirements.
  • Analyzing large data sets using various programming languages like SQL, Python, Java, etc.
  • Creating models that help them come up with insights that are solutions to their business problems.
  • Data Visualization and Data Modelling.
  • Understanding business goals precisely and working accordingly. One needs to have good business acumen to excel as a Business Analyst.
  • Communication within intra-team, inter-team, and other Analysts. They need to be able to convey their outlook and approach precisely to everyone so that they can work in a team environment.
  • Forecasting, budgeting, and performing both variance analysis and financial analysis.

What Types of Analysis Work Does a Business Analyst Do?

A Business Analyst mainly focuses on data-driven analysis. They typically analyze large sets of data with regard to products, services, and software, interpret them, and try to find a pattern. This helps them fetch insights from those data-driven sets and construct a strategy to solve the problem.

In their detailed and intensive process of deriving a solution, Business Analysts also perform Customer Behavior Analysis and Process Analysis, where they analyze existing businesses to identify inefficiencies and areas of improvement. Other types of analysis work that Business Analysts do are Financial Analysis, Cost-benefit Analysis, Market Analysis, and Performance Analysis.

They also perform Gap Analysis, where they figure out discrepancies between the current state and the desired future of any business.

What are the Skills Required to Become a Business Analyst​?

The skill set of a Business Analyst can be designated into both ‘technical’ and ‘non-technical’ categories. The following list shows both their technical skills and non-technical skills as follows:

Technical Skills:

  • Data Analysis, where they analyze data sets to interpret and derive insightful information.
  • Data Visualization with charts and dashboards to represent data.
  • Statistical and Quantitative Analysis using software.
  • Proficiency in business-powered tools like Tableau, Power BI, Excel, and SQL to analyze data.
  • Trend Analysis to spot patterns and predict future outlook.
  • Other tools for management and documentation like Microsoft Visio, JIRA, Confluence, etc.

Non-Technical Skills:

  • Communication skills within intra-team, inter-team, and other Analysts. They need to be able to convey their outlook and approach precisely to everyone so that they can work in a team environment.
  • A Problem-solving attitude that helps them identify the right problems, find their underlying cause, and then make informed decisions to solve them.
  • Critical Thinking during heightened hours of performance and intense brainstorming sessions is a must.
  • Having a sharp business acumen that enables them to closely identify with the business problem and sense the urgency regarding it. They also better identify the principles, finance, and other factors involving their business.
  • Interpersonal and Collaborative skills between teams.

What Are the Career Prospects of a Business Analyst?

Here are some of the career prospects for a Business Analyst in India (with their average salaries):

  • Data Analyst – INR 7-8 LPA
  • Data Scientist – INR 15-20 LPA
  • Business Intelligence Analyst – INR 8 LPA
  • Financial Analyst – INR 7.5 LPA
  • Marketing Analytics Manager – INR 20-25 LPA
  • Consultant – INR 10 LPA
  • Statistician – INR 8.5 LPA
  • Big Data Analytics Architect – INR 20 LPA
  • Big Data Engineer – INR 8 LPA
  • Fraud Analyst – INR 4.5-4.75 LPA
  • Analytics Associate – INR 6 LPA
  • Metrics and Analytics Specialist – INR 18.5 LPA
  • Database Administrator – INR 8 LPA
  • Programmer Analyst – INR 4.5 – 4.75 LPA
  • Computer Systems Analyst – INR 9.5 LPA

What Should I Study To Become a Business Analyst​?

To become a Business Analyst, one must pursue a bachelor’s and master’s degree in the specific field. You can pursue a BBA followed by an MBA in Business Analytics.

You need to pass Class 12 with 50% marks or above across academics to start your Bachelor’s program in Business Administration. They must also graduate with their BBA in Business Analytics with at least 50% marks across academics.

Post their graduation, they can pursue an MBA in Business Analytics to further learn the specializations in this field.

Frequently Asked Questions

1. What Is a Business Analyst Course?

A BBA in Business Analytics equips students with the necessary knowledge to improve their business-making decisions and perform better. Post graduating with a BBA in Business Analytics, one can also study an MBA in Business Analytics to further specialize in the subject and strengthen their knowledge in the subject.

2. Is Business Analyst a Good Career?

Yes. A career in Business Analytics is generally considered a good and viable career option for the many advantages it has. Lucrative salaries and a huge scope are just two of the many advantages of a Business Analytics career. They can start working on the choice of their sector since almost all sectors have a high demand for Business Analysts.

3. What Is the Difference Between a Data Analyst and a Business Analyst​?

Ans: Broadly speaking, Data Analysts focus on data sets, interpreting them, and finding solutions. Its sole focal point is data. While Business Analyst also does a similar thing, they do it with the focus on business needs. The central focus of a Business Analyst is to increase the efficiency of their business and minimize areas of errors and inaccuracies.

4. Can a Business Analyst Become a Data Analyst​?

Yes. A business analyst is data analyst and more. They need to interpret and analyses data and find solutions for the business specific problems

5. How to Become a Successful Business Analyst?

To become a Business Analyst, one must pursue higher education from reputable business colleges and get hired by equally reputable companies. It is a long journey of knowledge-gaining and skill development in Data Analysis, Data Visualization, AI-powered tools, and many more things whilst completing a Bachelor’s degree in Business Administration (BBA) and then an MBA in Business Analytics.

6. Why to Become a Business Analyst?

In India, the scope of Business Analytics is large and widening. Those pursuing Business Analytics deal heavily with data, data analysis, data management, and data-driven decision-making in their day-to-day professional life. Due to the increasing need and dependence of every sector on data to make important decisions, Business Analytics graduates are high in demand in every known field. The salary is also high, with its average pay scale ranging around INR 12 LPA. There are multiple job designations in Business Analytics to choose from.

7. What is the Work of a Business Analyst?

A Business Analyst’s work involves learning and identifying data patterns and then analyzing them for further insights. After that, they develop strategies upon those insights to find solutions to business problems. They use several AI-powered business tools like Tableau, and Power BI, and programming languages like SQL, among others in their line of work.

8. What is a Business Analyst’s Salary?

The average pay of a Business Analyst is INR 12 LPA depending on the experience

Author: SEO Team