A business analyst is an individual who studies an organization or company domain and records its economic structure, processes, or systems; analyzing the business system or its application with information science. Business Analyst can perform many analyses and research to understand the current market scenario, predict the market trend, make policy changes, and analyze market competition. Business Analyst can also develop new business models and strategies to compete in a global market. In addition, Business Analysts can help organizations to improve their operations, products, and services through information science.
To become a Business Analyst, one must have a bachelor’s degree in business administration, computer science, economics, statistics, business law, human resources, or marketing. The basic requirements of becoming a business analyst are a bachelor’s degree in business administration, at least, and two years of experience as a junior level or journeyman employee in a field related to business analysis. At times, bachelor’s degrees in business administration and related fields are not recognized as the necessary skills for becoming Business Analysts. Therefore, most BAs aspire to get degrees in non-business-related fields such as education, teaching, and counseling. Aspiring individuals may obtain a PhD from a school of business as well. However, to become eligible for a PhD, candidates must have passed an original dissertation on a specified subject.
Today, most organizations require some amount of data analysis, especially business analysts. Business analysts are hired to analyze and improve the business processes, data, and information of the organizations they work for. In the past, a business analyst was hired only if he or she had a bachelor’s degree and expertise in computer applications, math, business analysis, decision sciences, information technology, and management. Today, most companies hire business analysts, and business analyst job description has also changed from what it used to be a few decades ago.