As firms grow more futuristic, the role of a business analyst becomes increasingly crucial. Because of rapid digitalization, businesses now have a plethora of data on every aspect of their operations at their disposal. To make sense of the numbers, a corporation needs someone who can analyze the data and create meaningful insights.
They provide top management with a complete perspective of the company’s operations and advice on how to increase productivity, efficiency, and revenue. The primary purpose of a business analyst is to present the organization with the best ideas for enhancing its operational framework while supporting it in meeting its operational objectives. As a result, Chitkara University provides specialized courses that train future business analysts.
Business Analytics (BA) is currently making use of a variety of cutting-edge technology and tools to increase its accuracy and results-orientedness. Tableau, Python, RapidMiner, Apache Spark, and everyone’s favourite, Microsoft Excel, are among the highly-rated analytics tools available today.
Business analytics is delivered as a business-oriented solution that comprises data mining, predictive analytics, applied analytics, and statistics. These analytics solutions usually integrate pre-built industry information geared at an industry business process (for example, claims, underwriting or a specific regulatory requirement).
Due to budget constraints, small to mid-sized organizations may prefer to hire business analysts as advisers or consultants rather than full-time workers.
This is especially true in emerging countries like India, where businesses are rapidly growing to establish themselves in the world arena. To accomplish so, companies must heavily rely on business analysts to guide the organization along the path that will lead to future success.
It’s vital to understand that not all educational requirements for a position in business analytics are linear. Academic qualifications are the major drivers of one’s position and remuneration, making it easy for IT experts to shift from other professions to analytics.
An appropriate degree in business administration or finance will serve you well at the graduate level since these two topics help you improve your analytical talents and give you a thorough grasp of corporate operations and goals.
Furthermore, many companies prefer employees with IT and technical expertise. This is because business analytics is becoming increasingly reliant on software and technology. Although it is often assumed that technical personnel will be more equipped to manage specialized BA software and tools, this is not universally agreed.
You can enter business analytics immediately after graduation by taking a certification course. Businesses, on the other hand, prefer to hire employees with MBAs for a variety of high-level jobs, including board seats and senior advisory responsibilities (Masters in Business Administration). Although you will not be able to enter the field of business analytics with this degree, it will allow you to increase your salary and status in comparison to people who do not have an MBA.
If post-graduation is not an option owing to time and financial constraints, a short-term professional certification can deliver job-relevant abilities with a high ROI in a short period of time. Nowadays, the majority of firms looking to hire a BA resource prioritize business analytics certification. The majority of the world’s greatest universities have recognized this need, and many of them now offer highly acclaimed and respected paid online courses that are approved by some of the world’s largest organizations.
To begin a career in business analytics, the three major academic prerequisites indicated above are required.
If at all possible, an undergraduate degree followed by an MBA and a recognized BA course would be the best combination of the three. This would ensure that you have access to the highest levels of BA employment. An undergraduate degree plus a BA postgraduate degree or certification, on the other hand, are sufficient to make you a good candidate for work. It goes without saying that having a solid academic record from the outset will boost your profile, and attending the right universities will also help.
However, it is vital to remember that, in addition to these, many more soft skills are required to become a good analyst. Chitkara University will teach you various soft skills that will set you apart from others with equivalent academic degrees in a very competitive job market.
