The Life of an Analyst

So, you see these job vacancies for Business Analysts that pay so well. And you wonder if that’s a career you should pursue. But before you start looking for a course let’s see whether it’s a job you will like doing, what a working day looks like for a business analyst and how your career will progress.

Broadly, you will be poring over, and analyzing various types of information that includes complex numerical data, business reports, IT systems, marketing strategies, and surveys. The outcome of your analysis will help your organization meet its business goals which are intended to help improve a product or service.

What you will be doing

Your responsibilities may vary according to the specific analysis you are specialized in, be it business analysis, data analysis, systems analysis, or investment analysis.

However, typically, your day to day job will include doing the ff:

• Market research with the client’s goal in mind
• Studying data and figures
• Monitoring data from the database
• Using statistical programs, spreadsheets, and computer models
• Determining areas for improvement
• Proposing more efficient processes
• Finding bugs and advising how to implement software improvements
• Writing reports and presenting your conclusions and plans to leaders

Skills you need to develop

An analytical mind is something you can develop. But in addition, you should be thorough in your research and interpretation skills, with the ability to convey your analytical findings and suggestions in a simple and succinct manner.  Plus, you should be exceptional at Excel.

To stand out as an Analyst here are additional skills to have :

• Be a problem solver
• Be very good at negotiating
• Be able to focus on the minute details
• Know how to prioritize & manage time effectively

“As a Senior Business Systems Analyst I am responsible for improving my organization’s business systems and software programs to maximize productivity,” Shravan M, infyni’s Business Analyst coach says. Our role is like the bridge between the business team and the developer team which makes it important to have exemplary communication skills, he explains. This means not just knowing how to speak but also writing convincingly. Shravan, with his 16 years of experience tells us, ‘the one skill that will decide your success in this field is keen observation’.

Trending Salaries

Starting salaries for Junior Analyst ranges from Rs. 25,000 to Rs. 45,000 per annum in India.

Data Analysts and Financial Analysts are currently offered approximately Rs. 5 lakh per annum.

Data Analysts at banks and financial institutions are offered more, about Rs. 7 lakh per annum.

Infyni is offering a live and interactive course led by an expert Business Analyst. These classes are held three times a week and include assignments, assessments, and doubt clearing sessions. Additionally, every class is overseen by a moderator to assist students with any challenges. 

                                                                                                          Author: Dr. Anjana Das