As a business analyst, you will highly contribute to the profitability of the business whether it is a large corporation or a small company. The role of a business analyst is to help businesses implement cost-effective innovative techniques to meet the businesses financial objectives and thus help the company adapt to a changing business environment. During economic downturns, traditional adjustment methods are not efficient for reaching the company's objectives. To become a business analyst, you need to have strong management skills to be able to master the project from A to Z. Your role is to identify areas of the business that need improving and offer solutions that will make the business become more efficient.
You will most likely be based in an office working closely with the IT department of the company. You will work typical office hours and an average of 37 to 40 hours per week. You will be expected to work extra time during busy weeks to make sure that new business systems are put in place and working correctly.
Salaries of business analysts start at around £30,000. An average annual wage for an experienced business analysist is £45,000. Salaries vary depending on the sector you choose to work in. If you are looking for a job where your work has a direct impact on the company's success, you will enjoy working as a business analyst. However, you can find the pressure to meet close deadlines stressful.
To become a business analysist, a MBA business degree can be required. Even though most employees seek to employ graduates, other degrees linked to the tech and IT sector can give you enough skills to get a job as a business analyst.