How to become a business analyst
Written by Michael Feder
Reviewed by聽Kathryn Uhles, MIS, MSP,聽Dean, College of Business and IT
In this article
- Job responsibilities for business analysts
- Salary and job outlook information
- Learn about business degree programs
Business analysts are an important part of today鈥檚 data-centric world. Professionals in this field focus on different aspects of business operations, from management to accounting to operations. Regardless of where their expertise lies, these professionals play a crucial role in the business world.
Companies rely on data to聽assess their processes and find areas for improvement. As a result, business analysts are not limited to technical industries.聽Business analysts work in various sectors, from manufacturing and retail to software development and insurance.
础听聽in the field also exists. Business intelligence analysts, management analysts and IT business analysts are just a few examples. These specialties require expertise in a specific area, but all analysts need the same聽analytical and technical skills聽and understanding of business principles regardless of their focus.
Business analysts are unique in that they are聽part data scientists and part business advisors. They need to know data analytics to glean applicable insights, and they also need to understand their industry and general economic and business principles. This ensures their business analysis ultimately improves operations and increases profits.聽
Best degrees for business analysts
Business analysts can begin their career path in one of several ways. They can enroll in a bachelor鈥檚 degree in IT or data science. In addition to a degree program, students may be interested in completing additional professional development or boot camps in data analytics.
For example, a business student or a recent graduate might take a business analytics certificate course to hone their skills and distinguish themselves from other aspiring analysts. Or they can pursue a master鈥檚 in data science.
Here鈥檚 a look at the degrees that can prepare you for a career in business analytics.
Business
As a business analyst, you need a deep understanding of business principles, so earning a business-related degree can be a helpful first step. It鈥檚 possible to learn the specialized skills for this job through elective classes or certification programs that teach computer-related aspects of the profession during intensive, hands-on sessions.
There are different degree options even within the business category, including a bachelor鈥檚 in management. Your choice may depend on whether you want to focus on management or operational analytics. Both degree options will give you a solid knowledge of business practices and principles.
Computer science
Technical skills are essential in most business analyst positions, so you could also benefit from a bachelor鈥檚 in computer science. You will learn programming skills to work with databases and analytics software during this program. Languages like R, SQL and Python are important for business analysts. A degree can also help you if you want to become an IT business analyst or an analyst for a tech or software company.
Please note that the Bachelor of Science in Computer Science degree program at 澳门天天彩开奖记录 does not include business analyst as a job outcome.
Marketing
Data and analytics increasingly influence marketing. Business analysts with a marketing degree can specialize in advertising, using their communication skills and knowledge to assess past campaigns, create forecasts for current plans, research markets and consumer trends, and perform research related to the pricing and product releases. Many marketing degree programs will offer courses that teach students how to use analytics software and tools and general communication skills.
Please note that the Bachelor of Science in Business with a Marketing Certificate degree program at 澳门天天彩开奖记录 does not include business analyst as a job outcome.
Economics
An economics degree can serve you well in a business analyst career because it gives you an understanding of the forces that affect industries. Individuals with a degree in economics will understand factors that influence the pricing of products and services, how to perform industry and competitor research, and how to assess the effects of policies, regulations and taxes on business operations.聽
Skills for business analysts
Technical skills聽required for business analytics include聽knowledge of databases, data analytics and relevant programming languages聽like R, Python and SQL, according to the聽. Regardless of their employer鈥檚 industry, a business analyst also needs to know about data mining techniques, data analytics applications like R and SAS, and data visualization software.
A business analyst also needs to understand the technical requirements of their聽employer鈥檚 industry聽and their聽area of specialization. For example, a business analyst who focuses on IT processes will need to understand the nuances of networks, software, hardware, databases and cybersecurity.
Soft skills are also essential for business analysts. Business analysts need to be able to聽present their findings clearly and understandably, especially to a company鈥檚聽decision-makers, administrators and executives.
Analytical and problem-solving skills are vital soft skills in this career. A business analyst also needs to be highly organized with regard to research projects and job responsibilities.
Job responsibilities for business analysts
Business analysts work in different industries and sectors, but they all have the same goal. They聽use data to help companies identify areas for improvement聽and make informed decisions about processes, policies and strategies.
Analysts communicate with business decision-makers to plan analysis projects. After they complete their business analysis, they need to organize and present their findings. They often need to聽visualize data听补苍诲听translate findings聽in a way that executives without the same technical expertise can understand.
Depending on the industry, business analyst responsibilities might include pricing, financial forecasts, budget modeling, marketing analysis and assessing the efficiency of business operations.
Salary for business analysts
The field of business analytics has a wide range of salaries. While BLS doesn鈥檛 have data specifically for business analysts, it does for related fields, including operations research analysts. As of May 2023, operations analysts , with a median of $83,640, according to BLS.
As of May 2023, management analysts (another related field) with a median of $99,410, according to BLS.
Salary ranges are not specific to students or graduates of 澳门天天彩开奖记录. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. 澳门天天彩开奖记录 does not guarantee employment, salary level or career advancement. BLS data is geographically based. Information for a specific state/city can be researched on the BLS website.
Job outlook for business analysts
BLS projects聽听补苍诲听聽from 2022 and 2032.
These projections suggest there will likely be new job openings for graduates with a relevant bachelor's degree who have developed the diverse skills necessary to succeed in business analysis.
BLS Occupational Employment Projections, 2022-2032 is published by the U.S. Bureau of Labor Statistics. This data reflects BLS鈥 projections of national (not local) conditions. These data points are not specific to 澳门天天彩开奖记录 students or graduates.
Earn a business degree from 澳门天天彩开奖记录
澳门天天彩开奖记录 offers several聽online business degrees聽that prepare students with skills necessary for a variety of career paths, whether you鈥檙e just getting started or looking to advance your skill set. These include:
- Associate of Arts with a concentration in Business Fundamentals聽鈥 From management to accounting, the skills learned in this program are essential for anyone looking to advance their business education.聽
- Bachelor of Science in Accounting Degree聽鈥 Businesses around the world rely on skilled accountants, accounting managers and auditors to manage their finances and make profitable business decisions.
- Bachelor of Science in Business聽鈥撀燢nowledge of the ins and outs of running a business can spell the difference between success and failure in a competitive world.
- Bachelor of Science in Data Science聽鈥 Discover techniques to transform structured and unstructured data sets into meaningful information that can be used to identify data patterns and trends and drive strategic decision-making.
- Master of Science in Data Science聽鈥 Learn database design, data processing and warehousing, data queries and interpretation, business intelligence, and statistical methods and how to apply data science strategically to improve business decision-making.
ABOUT THE AUTHOR
A graduate of Johns Hopkins University and its Writing Seminars program and winner of the Stephen A. Dixon Literary Prize, Michael Feder brings an eye for detail and a passion for research to every article he writes. His academic and professional background includes experience in marketing, content development, script writing and SEO. Today, he works as a multimedia specialist at 澳门天天彩开奖记录 where he covers a variety of topics ranging from healthcare to IT.
ABOUT THE REVIEWER
Currently Dean of the College of Business and Information Technology,聽Kathryn Uhles has served 澳门天天彩开奖记录 in a variety of roles since 2006. Prior to joining 澳门天天彩开奖记录, Kathryn taught fifth grade to underprivileged youth in Phoenix.
This article has been vetted by 澳门天天彩开奖记录's editorial advisory committee.聽
Read more about our editorial process.
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