Business analysis is a profession that has become increasingly popular in the United States in recent years. The professional analysts training has also become one of the most popular professions. The reason is that business analysts have a strong employment momentum and competitive salary with fringe benefits. The development prospects are also great. This article provides in-depth reference list for those who are interested in business analyst positions.
Here comes the checklist.
What is a Business Analyst?
A business analyst is like a switch between decision-makers and implementers, which makes the decision-making to implementation smooth and unobstructed, and also helps the professional technical process become more user-friendly to non-professional people.
So if you are a person with rich technical knowledge and good at interpersonal communication, for you becoming a business analyst is like a knife through butter.
Now let's see more details.
With the development of a world-sharing economy, a company with business analysts must be able to grasp the latest business trends and make the most appropriate business decisions and finally enjoy the high economic benefits brought by this consecrated profession. Therefore, the huge demand has given this profession an excellent development prospect and strong professional support. Salary.com shows that the highest salary for this job reaching $ 83,356, while the average entry-level salary in the United States is only $ 67,000, the salary difference for this job is affected by personal qualifications, certificates, and work experience. And work with flexibility to get adequate holiday arrangements. But such a flexible wage system also has very observable shortcomings: first of all, this job has no fixed employee benefits, no paid holidays and it requires high self-training costs.
Business analyst education and training requirements
Let's take a look at some of the top colleges that meet the needs of this profession.
- Massachusetts Institute of Technology
- Columbia University
- University of Texas at Austin
- St. Louis Washington University
- Walker Forest University
- Carnegie Mellon University George Washington University
- University of Minnesota
- Emory University William and Mary College
- University of Southern California
- London Schiller Institute of Technology
- New York University
- University of Rochester
- Arizona State University
- Georgia Tech
- University of Chicago
- Duke University
- Johns Hopkins University
- Northwestern University
- Notre Dame University
- Brandeis University
- Boston University
- Case Western Reserve University
Columbia University's Business Analyst Program is a new project that emphasizes innovation, focusing on developing students' ability in data statistics, quantitative analysis and predictive modeling. The talent urbane by this project mainly flows to investment banks, hedge funds, credit card companies and financial analysts in the insurance industry. You mainly need to study probability theory, data science, statistical reasoning and modeling, computers, exploratory data analysis, and visualization, etc. After this, students can enter the research center for project research and scientific research. However, it should be noted that applying for this major requires a background in science and engineering. TOEFL must be at least 99, IELTS minimum 6.5, GRE Verbal 154, and mathematics 159.
Beginning in 2015, the MIT Sloan School of Management has introduced a new professional master's degree in business analyst program, which is currently in a pilot phase. Graduates working in the science industry can apply and it's also suitable for high-tech professionals such as engineers, mathematicians, physicists, computer programmers.
The University of Southern California's comprehensive ranking of business disciplines ranks 22nd in the United States, of which the Master of Business Analyst program ranks second in TFE. It is committed to educate students to combine theory and practice and to become a full range of talents. The admission requirements for this major are relatively tough. Applicants need to achieve a TOEFL score of 100 or higher, and an overall IELTS score of 6.5 or higher, and a single score of 6.0 or higher; the average GMAT score is 722, and the GRE is 320. No working experience is required, tuition fee is high, and it is $ 60,951 per year.
For a business analyst job, internship opportunities are invaluable. After all, real work experience and knowledge gained from it cannot be learned in textbooks.
You can find and apply for internship Opportunities on the school's official website, or directly visit the company's website to apply for it. Often business analyst interns can only access simpler business jobs, but this does not affect the career development. Focus on the grass-roots level which is a good opportunity for understanding the company's hierarchy and business architecture. Learn the company from the most basic how the businesses involved operate. Step by step, with the growth of qualifications, you can gradually deepen from peripheral business and follow the company's precursors to learn the core business process. What you have to do in this process is to be familiar with the company environment, business scope processes, and business participants, because later becoming a senior business analyst needs to make full use of your knowledge of the company, reasonably integrate resources, allocate tasks and lead the team to win the project task.
Related professional skills essential for a business analyst
As a new business analyst, you need to have the following basic skills while continuing to learn the relative courses.
Document editing skills: This profession requires frequent communication with others, so concise and clear explanation of documents is important and further requires an individual's excellent word processing ability. It is appropriate when negotiating business contracts or communicating with colleagues. Accurate sentences will make work. Doing more with less will also make teamwork more enjoyable.
As a business analyst, you must be sensitive to numbers. It is very important to convert the data in reports or tables into text paragraphs that can be understood by the leadership. This also requires you to master various office software programs and be able to create forms and other performance forms.
Mastering business analysis tools:
following the previous skills, we need to summarize the laws or phenomena contained in the numbers, which requires you to be able to use mathematical or economic models to conclude.
Proficient in visual modeling:
Business analysts will use flowchart methods such as BPMN (Business Process Model and Representation) to analyze, match resources and improve procedures.
Business analysts will hold a special meeting called a "heuristics meeting" to communicate project requirements to stakeholders. Learn how to write effective requirements and have an imperative role as an effective conference room business analyst.
The above basic skills involve the following related courses
- Edit and write comprehensible copy and documents
- Reasonably budget for projects to gain full leadership support
- Use business process models and notations to show how work can be done
- Use business process diagrams to solve real problems
- Proficient in agile project management
When you are proficient in these skills, you will be able to halt the senior business analyst certification
Senior business analysts have better development prospects, more abundant resources, and professional development opportunities, as well as higher salaries. The International Institute of Business Analysis offers three certification levels for business analysis.
The ECBA Certificate for Business Analysis is a new certificate for college students who are just graduated and those who are in the process of transitioning homeownership. This certificate shows that you have entered the field of business analysis.
Business Analysis Competency Certification (CCBA): This certificate is for practitioners with two to three years of business work experience.
Certified Business Analysis Professional (CBAP): This certificate demonstrates that you are already a professional in this field, with excellent management and leadership skills, which also requires you to have five years or more of BA experience.