Is Business analytics the right fit for you?

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Business analytics is the new buzzword in the ever-expanding field of career opportunities. From big multinational corporations to governments, the demand for business analytics professionals is skyrocketing.

As it is said, that data is the new oil that will power the 4th Industrial revolution. It’s business analytics that helps companies turn data into profit. Business analytics professionals form an essential part of the decision-making progress, as they help bring out new facts, trends, and patterns for more secure and well-grounded decision-making.

As per various estimates, the demand for business analytics professionals will grow at a whopping 14%, almost twice the growth compared to different major job roles. Moreover, many companies like Google, Microsoft, etc., are campaigning to promote business analytics as a career choice for youngsters.

In this article, folks will get to know what business analytics is, business analytics jobs salary, the primary job roles for business analytics professionals, why business analytics as a career, how to make a career in business analytics in India, and much more.

What is business analytics?

A business analyst is a professional who has received the necessary knowledge and training in using data analytics tools to assess, analyze and process data to help in data-driven business decision making. 

They have a good understanding of business terms, strategies, and processes and blend it with data analytics to provide solutions for business problems.

Business analytics jobs salary

Business analytics is a well-paid job with an average compensation of around ₹10L/year for freshers. As you evolve and become more seasoned in the field, you can expect higher wages of ₹50L+/year for senior posts. 

Most of the opportunities are concentrated in major IT hubs like Bengaluru, Mumbai, Pune, Gurugram, Noida, etc. So the city, experience, and skill play an essential role in determining the pay scale.

What makes one a successful Business analyst?

Business analysts are one of the key drivers of an organization’s growth and success. Further, to become a successful business analyst, the key is a commitment to discovery, innovation, a problem-solving attitude, and being a team player. 

You have to be excellent at researching and planning. You need to have a probing mind to research solutions, evaluate their impact, and present it effectively. 

Critical skills for business analysts-

  • Critical thinking and coming out with out-of-the-box solutions.
  • Proven analytical abilities
  • Practical experience and skills in processing documentation and creating reports.
  • Programming skills can be an added advantage.
  • Excellent communication skills with the capability to translate data into actionable insights.
  • Ability to perform project and user-testing management
  • Extensive skill and experience with data visualization software and tools.
  • Proficiency in technical writing.

Key responsibilities of a business analysts

The college not only prepares the students for the global business world but also empowers them with insightful knowledge. They are trained by industry experts, enabling them to add value to their jobs from the very beginning. 

Business analytics work closely with finance, IT, marketing, and various other teams to collect data and optimise the process. As a business analyst, you will be expected to fulfil the following roles and responsibilities-

  • Work to identify requirements across business units and identify underperforming systems processes through evaluation and assessment of real-time data.
  • Function as a thought leader for various technical and core business operations. Create new ideas from data patterns and trends, and analyse and test them to select the best idea.
  • Create forward-thinking systems prototypes that enable increased efficiency and productivity on numerous levels.

The college not only prepares the students for the global business world but also empowers them with insightful knowledge. They are trained by industry experts, enabling them to add value to their jobs from the very beginning. 

The college hosts many renowned international faculty members for imparting knowledge to the leaders of tomorrow. 

The Diversity Policy of UBS is based on the premise that harnessing the various sorts of intelligence/capabilities that are accessible to us is a vital approach for organisational success. Working with people of various creeds, ethnicities, sex, race, castes, and nations have provided the Universal Business School with a diverse range of experiences and techniques for working, thinking, communicating, challenging, and leading. 

The school’s name, ‘Universal,’ was formed from these ideas. The college believes that diverse teams produce the greatest decisions because they can consider many points of view while making decisions.

Fixing the damaged rungs at the bottom of the poverty to wealth ladder is what economic empowerment entails. Every individual must be given the skills, resources, and confidence to take charge of their lives, reach their full potential, and take advantage of the liberalised economy’s chances. In these ‘interesting times,’ we at Universal will grow Human Capital to become the most valuable resource for solving the diverse difficulties that organisations face.

As mentioned in our pledge, Universal Business School is totally devoted to ensuring that tomorrow’s leaders are conscious of Corporate Social Responsibility, and the Environment, and are passionately committed to Ethical Practices in their personal and professional life.

UBS transforms mindsets and prepares students for jobs and life. Internal and external development to become a responsible leader of tomorrow. Come become a part of the UBS ecosystem and change your career for the better!

  • Develop and execute detailed management plans for various projects. Communicate and present the plans to various stakeholders and executives.
  • Execute, monitor, and communicate quality assurance at every stage of systems development.
  • Identify, define and develop user requirements for systems in production to ensure maximum utilisation.  
  • Partner and co-operate with other teams (like sales, finance, security, compliance) across the business to collect the necessary and then effectively communicate the finding.
  • Create and update internal and external documentation and maintain proper records of business operations.

As technology progresses and the business expands, new roles and responsibilities will get added to the list. 

How to make a career in Business Analytics in India?

The journey to becoming a successful business analyst starts with joining a course to get the required learning and training. Students can join a business analysts course or business intelligence and analytics course in good institutions like UBS, etc.

During the learning, you have to understand a lot of business mathematics and statistics. Further, you will learn programming languages, software, and tools like R, Python, Hadoop, Power BI, Tableau, SAS Business Analytics, QlikView, KNIME, etc. If you get certification in the above software tools, that will be an added advantage.

You will work on case studies, create reports and documentation, understand the technicalities and create plans. You will also get internship opportunities to gather the much-required industry exposure.

Placement opportunities are good for business analytics; students can also apply for off-campus options by using sites like LinkedIn, Muse, etc., or directly applying to companies. 

Also Read: Top 7 Professional Avenues after pursuing MS in Business Analytics

Why business analytics as a career?

If you have the ability to dig out facts, see the patterns and come out with solutions, then Business analytics is the right choice to make. Innovation, logic, creativity, and out-of-the-box thinking can help you reach the top positions in your career.

As more and more enterprises are going digital, business analytics professionals will remain in good demand. From tech startups to IT giants, business analysts with relevant skills and experience are offered some of the best packages.  

One of the finest reasons to become a business analyst is that you will have knowledge, skills, and experience encompassing several domains- finance, marketing, IT, Data analytics, research, etc. You can use this multi-domain knowledge to build a lucrative corporate career.

If you are enthusiastic about data and how it can revolutionize business, a career in business analytics is the right choice.Join the business intelligence and analytics program at UBS. UBS or Universal Business School provides the best experiential learning, skill development, industry exposure, guidance, training, and placement for a career in the top companies.

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