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Articles > Business >ÌýHow to become a business analyst

How to become a business analyst

Michael Feder

Written by Michael Feder

Kathryn Uhles

Reviewed byÌýKathryn Uhles, MIS, MSP,ÌýDean, College of Business and IT

Male business analyst looking at a notebook computer with blue, yellow, and red arrows in the background

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Business analysis is an important part of today’s 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. Let's take a closer look at this career path.

The role of a business analyst

Companies rely on data toÌýassess their processes and find areas for improvement, and as a result, business analysts are not limited to technical industries.ÌýThey work in various sectors, from manufacturing and retail to software development and insurance.

AÌýwide range of specialtiesÌýin the field also exists. Graduates working in business analysis for business intelligence, management and IT are just a few examples. These specialties require expertise in a specific area, but all analysts need the sameÌýanalytical and technical skillsÌýand understanding of business principles, regardless of their focus.

Those who work in business analysis are unique in that they areÌýpart 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.Ìý

Skills for business analysts

Technical skillsÌýrequired for business analytics includeÌýknowledge of databases, data analytics and relevant programming languagesÌýlike R, Python and SQL. Regardless of their employer’s industry, a business analyst also needs to know about data mining techniques, data analytics applications like R and SAS, and data visualization software.

An understanding of the technical requirements of an employer’s industryÌýis required, as well as theirÌýarea of specialization. For example, a role that 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.ÌýFindings need to be presented clearly and understandably, especially to a company’sÌýdecision-makers, administrators and executives. Analytical and problem-solving skills are vital, along with being highly organized in regard to research projects and job responsibilities.

Job responsibilities for business analysts

Graduates who work in business analysis are in different industries and sectors, but they all have the same goal. TheyÌýuse data to help companies identify areas for improvementÌýand 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 toÌývisualize dataÌýandÌýtranslate findingsÌýin a way that executives without the same technical expertise can understand.

Depending on the industry, 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 the U.S. Bureau of Labor Statistics doesn’t have data specifically for business analysts, it does for related fields, including operations research analysts. As of May 2024, operations analysts earned , according to BLS.

As of May 2024, management analysts (another related field) earned , according to BLS.

Salary ranges are not specific to students or graduates of ¶¶Òõ´«Ã½. Actual outcomes vary based on multiple factors, including prior work experience, geographic location and other factors specific to the individual. ¶¶Òõ´«Ã½ 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

Employment of operations research analysts is projected to . ¶¶Òõ´«Ã½ 9,600 openings for operations research analysts are projected each year, on average, over the decade.

Employment of management analysts is projected to . ¶¶Òõ´«Ã½ 98,100 openings for management analysts are projected each year, on average, over the decade.

BLS Occupational Employment Projections, 2024-2034 is published by the U.S. Bureau of Labor Statistics. This data reflects BLS’ projections of national (not local) conditions. These data points are not specific to ¶¶Òõ´«Ã½ students or graduates.

Learn more about business analyst careers

If you're interested in becoming a business analyst, ¶¶Òõ´«Ã½ offers:

Contact ¶¶Òõ´«Ã½ for more information.

Headshot of Michael Feder

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 ¶¶Òõ´«Ã½ where he covers a variety of topics ranging from healthcare to IT.

Headshot of Kathryn Uhles

ABOUT THE REVIEWER

Currently Dean of the College of Business and Information Technology,ÌýKathryn Uhles has served ¶¶Òõ´«Ã½ in a variety of roles since 2006. Prior to joining ¶¶Òõ´«Ã½, Kathryn taught fifth grade to underprivileged youth in ¶¶Òõ´«Ã½.

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This article has been vetted by ¶¶Òõ´«Ã½'s editorial advisory committee.Ìý
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Headshot of Felicia Evans - MBA 2008, wearing a black blazer and a smile
Headshot of Felicia Evans - MBA 2008, wearing a black blazer and a smile
Headshot of Felicia Evans - MBA 2008, wearing a black blazer and a smile

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