What is Business Analyst course
Gold was considered the most important metal in medieval times, oil has replaced it in the last 50 years, and now that we are in a digital world, oil has been replaced by data. In today’s digital age, it has been said that the person having the right data will be considered the most powerful. So if you are interested in analyzing any business and preparing its data, analyzing facts or making business policies using data, then Business Analyst can be a better career option for you.
Today the demand for Business Analyst is increasing not only in India but all over the world. The job of a business analyst is to analyze the success of companies in the market and make strategies for the company’s present and future. At the same time, by beating the competitive companies, your company has to give a sharp edge in the market. In such a situation, students with out-of-the-box thinking and a good hold on technology can make their career by becoming a business analyst.
The answers to all these questions and information about business analyst course details will be found in this post. So read this post carefully.
What is Business Analysis
Business analysis is very important to assess when the business is going fast or slow. Because the analysis of any business shows that what are the possibilities for that business in the market, as well as the success of the company depends on it, that it has a solid assessment of all the ups and downs in the market related to its business. Can do it on time or not For which is necessary to take the services of business analyst.
There are many online and offline courses in business analytics which are also done by working professionals to enhance their skills and enhance their career prospects.
What is the Job of a Business Analyst?
The main job of a business analyst is to formulate a strategy according to the company’s growth, productivity, risk and consumer demand. These business analysts use statistics and mathematical tools to solve business problems caused by data. The business analyst assesses the company’s business, market competition and future goals, as well as acts as a bridge between the problems faced by the business and their solutions.
Big companies talk to business analysts and decide in which markets they want to enter. How to offer prices of products or services. Also, given the cost and environmental constraints, which places need to be made more effective. This profession makes a lot of use of data analysis and fact-based management to help make decisions that suit the interests of the company.
Also Read : BA Business Economics
Business Analytics Skills
Investigative Occupations – You must be interested in Investigative Occupations. Investigative jobs require a lot of ideas and fresh thinking. More often than not it requires a completely different and conceptual thinking. It involves reading about facts and figures; Data analysis is used, it involves the work of examining a situation deeply, making decisions and solving problems.
You should be interested in traditional (conventional) jobs. To work in traditional jobs, it is done in a fixed manner with repeated and regular doing. In these jobs, instead of new ideas and creativity, most of the work is done with data, systems and processes.
Artistic jobs should interest you: Artistic jobs typically involve working with creative idea, art, and design. These jobs involve abstract, imaginary and creative thinking. There is no particular method or rule to be followed for doing any work
To become a business analyst, one can do diploma, certificate or degree course after passing with minimum 50% marks in graduation or equivalent. Diploma and certificate business analyst course is of six months to one year while post graduate and master business analyst courses Lasts two years.
- Certificate Program in Big Data and Analyst Six Months
- Executive Program in Business Analyst from 6 months to 1 year
- Post Graduate Program in Business Analyst Two Years
- Master of Business Analyst Two Years
To do a business analyst course from a good institute, entrance exam like CAT, MAT, CMAT, GMAT etc. will have to be given, admission is granted only after getting a good rank in this entrance exam.
- Delhi Technological University, Delhi
- Amity University, Noida
- Gautam Buddha University, Greater Noida
- Sharda University, Greater Noida
- Indian Institute of Management, Kolkata
- Indian Institute of Management, Bangalore.
- IIM Kozhikode
- IIM Ahmedabad
- Great Lakes Institute of Management, Chennai
According to a report by Analytics India Magazine, the Indian market and data analytics industry is currently worth US$ 2.71 billion. Also, it is expected to increase by 33% per annum. At the current rate, it is estimated that the data analyst industry will grow to US$ 20 billion by 2025. This is about 8 times the current market size. Research services in the market account for about 45% of exports to the US, which is growing at the same rate of 45% per year.
Such massive growth of the market shows that not only India but also overseas markets are using Indian Market Research Services. Apart from this Consulting Firms which are employing Market Researcher as well as Consulting Industry in India is growing at the rate of 9% per year so, overall the future of Business Analyst / Data Analyst in the market is very bright. Presently there has been a substantial increase in data analysis companies and consulting companies.
If you start your career as a Data Analyst/Research Analyst/Management Trainee, then later you can become a Business Analyst or Financial Analyst. Later you can become Head of Business Analyst and then Senior Business Analyst and finally Analytics Manager. If you have been a Financial Analyst, you can become a Senior Financial Analyst and then Finance Manager. If you start your career as a Business Analyst Trainee, you can soon become a Business Analyst and then a Senior Business Analyst. He may have business analyst lead and then become a management consultant.
- Working as a Data Analyst Cater at the entry level, you can earn up to Rs 15,000-2,00,000 per month.
- As a Market Research Associate, you can earn around Rs 10,000-1,00,000 per month.
- As a Business Analyst Trainee you can earn 25,000-3,00,000 per month.
- After 2-6 years of experience working at junior level, you can earn around Rs.30,000-4,00,000 per month.
- After working experience of 6-12 years working at middle level, you can earn around Rs 50,000-6,00,000 per month.
If you are more interested in data analysis then you can get selected as Data Analyst / Research Analyst / Management Trainee in different Firms and MNCs. Some well known consulting firms are Accenture, Bain & Company, Boston Consulting Group (BCG), Deloitte, Ernst & Young, KMPG, Mackenzie, PwC, etc.
If you are interested in the business side of analytics where you use the results of strategies, you can be selected as a business analyst by different MNCs, media houses, retail and finance organizations.
The working environment of a Data/Business Analyst depends on their work. The work of a data analyst is mostly related to the office. However, there is a lot of use of mathematical tools in this work, so there can be pressure to do research accurately. They mostly work closely with Research Associates. Business Analysts have to work with a team while in the office and have to pay close attention to analyzing the solution, hence a lot of brainstorming is required. Their working hours are generally regular throughout their career.