Разговорный английский для IT
Business analysts, sometimes called management analysts, are important people who work in different places like companies, charities, and government groups. Their main job is to look closely at how a business runs and find ways to make it work better and do better overall.
These analysts work closely with the people in charge to come up with new or better ways of doing things to make the business more efficient, cut down on wasted effort and money, and help the business do better against its competitors. They also play a big role in marketing teams to make sure that the efforts to promote and sell products or services are as effective as possible.
Main Points:
Business analysts help improve how a business works, save money, and do better.
They work in all sorts of organizations, including companies, charities, and government groups.
To start as a business analyst, you usually need a bachelor's degree.
If you want to be a senior analyst, you might need a master's degree or extra qualifications.
Who Hires Business Analysts?
Big organizations often have business analysts working all the time to keep things running smoothly and to improve them. These analysts can also be hired as outside experts for short-term projects. They might focus on certain industries like healthcare or on specific business areas like managing supplies or information systems. Sometimes, they help with big projects, like moving into new markets or starting online sales.
According to a survey in 2021, women business analysts made an average of $83,345 a year, and men made $88,615.
Career Path for Business Analysts
Many business analysts start in entry-level jobs that match their college degrees. Working in a business helps them understand it better, which is crucial for improving it. With experience and good work, they can become junior analysts. Some might go back to school for a master's degree before working as analysts in big organizations or consulting firms.
As they get more experienced, they can take on bigger roles with more responsibility. The most successful can move into top management jobs or even start their own consulting businesses.
What Education Do You Need?
You usually need at least a bachelor's degree to start. Although there aren't many college courses specifically for business analysts, degrees in business-related subjects are useful. For more advanced positions, a master's degree like an MBA might be needed, but sometimes experience and skills can be enough.
The demand for business and management analysts is expected to grow much faster than average from 2022 to 2032 because organizations want to be more efficient and save money.
Other Qualifications
There are two main certifications for business analysts: the certified business analysis professional (CBAP) and the certified management consultant (CMC). These show that an analyst has experience, skills, and knowledge in their field.
What Does a Business Analyst Do?
They figure out what a business needs to do well and how it can improve by looking at its processes and systems. They might manage projects to introduce new services or products and make sure they solve the intended problems.
Skills Needed
Being a good communicator is very important for a business analyst. They need to listen well and explain things clearly to work with different people and share information about projects and improvements. Other important skills include understanding IT systems, thinking critically, solving problems, negotiating, researching, analyzing costs and benefits, and working well with others.
Difference Between a Business Analyst and a Business Analytics Professional The main difference is that business analysts focus on improving business processes, while business analytics professionals use data and statistics to make a business do better. Business analytics professionals need technical skills and knowledge of specific tools and programming languages.
In Summary
Business analysts are in high demand and can work in various organizations to help them be more efficient. Advanced degrees and certifications can help in advancing in this field, but they are not always necessary.
A dialogue on Business Analyst: Career Path and Qualifications / Разговорный английский для IT
Alex: Hey, could you explain what a business analyst does?
Jamie: Sure, Alex. A business analyst, or management analyst, is someone who helps companies, charities, and government groups find ways to improve how they operate. They look at the business closely to find opportunities for better performance and efficiency.
Alex: Sounds important. Where do they work?
Jamie: They're found in all sorts of places – from big corporations and non-profits to government agencies. Some work directly for these organizations, while others might be hired as consultants for specific projects.
Alex: What kind of education do you need to become one?
Jamie: Typically, you start with at least a bachelor's degree. It's not uncommon for jobs at a more senior level to require a master's degree or some special certification.
Alex: Who hires them?
Jamie: Large organizations often have their own team of business analysts. There's also a big market for external consultants who specialize in certain industries or areas, like healthcare or supply chain management, to offer their expertise on a contract basis.
Alex: How much do they earn?
Jamie: A survey from 2021 found that women business analysts made an average of about $83,345 a year, and men made around $88,615.
Alex: What's the career path like?
Jamie: Many start in entry-level business jobs and gain experience. Over time, they can move into junior analyst positions. Some might choose to get a master's degree to advance further. With enough experience, they can take on senior roles or even lead their own teams.
Alex: Do they need any special qualifications?
Jamie: Beyond degrees, certifications like the certified business analysis professional (CBAP) and the certified management consultant (CMC) are valuable. They show expertise and experience in the field.
Alex: What kind of skills should a business analyst have?
Jamie: Communication is key, both listening and explaining ideas clearly. They also need to be good with IT systems, critical thinking, problem-solving, and working well in a team.
Alex: Is there a difference between a business analyst and a business analytics professional?
Jamie: Yes, there is. Business analysts focus on improving processes and operations, while business analytics professionals use data and statistical analysis to enhance business performance.
Alex: Sounds like a growing field.
Jamie: Definitely. It's expected to grow faster than average because businesses always look for ways to be more efficient and save money.