A business analyst is a problem solver who plays a critical role in defining and enabling business change. They can make a real difference to business success and their influence can impact the way that a company operates.
What does a business analyst do?
The role of business analyst is vast and varied. Business analyst duties are diverse and often depend on the seniority of the business analyst, the skills they have, and the type of industry in which they work.
Fundamentally, it’s an advisory role. Business analysts advise the company on best outcomes for a particular business problem. Business analysts are also facilitators. They support colleagues from across the company to resolve business issues and put appropriate solutions in place.
When a company identifies an issue that they’d like to fix, the business analyst will look deeply into the situation. They’ll hold discussions with all stakeholders, including anyone in the company who is affected by a business problem, such as an HR team, or business unit manager. And, they’ll ensure an in-depth understanding of the requirements. Then, they’ll suggest appropriate solutions.
Business analysts are found in almost all sectors, such as finance, banking, retail, utilities, and technology. They’re also known by several other terms, including:
- Systems analyst
- Change analyst
- Requirements engineer
- Product manager
- Product owner
- Enterprise analyst
Business analyst and senior business analyst responsibilities can include:
- Understanding business needs as they relate to a potential change or transformation.
- Gathering, identifying and documenting business requirements.
- Explaining technical jargon to non-technical/commercial teams.
- Simplifying requirements, so they are easily understood across the whole team.
- Business process modelling and improving business processes.
- Identifying costs and business savings.
- Implementing, testing and deploying solutions to business problems.
- Supporting business transition and helping to establish change.
- Creating functional specifications for new systems and processes.
- Acting as an advisor to senior managers and executive teams.
The 2018 business analyst survey produced by IIBA UK provides a deeper understanding of salaries for business analysts. From 668 survey participants:
- 2.5% said they were paid less than £25,000
- 16.1% were paid between £25,0001 and £35,000
- 28.2% were paid between £35,0001 and £45,000
- 24.2% were paid between £45,001 and £55,000
- 13.2% were paid between £65,000 and £75,000
- 10.3% were paid more than £75,000
From the same survey, 61.4% said they received a bonus and most received some form of extra compensation in their remuneration package.
Additional perks included:
- company cars
- product discounts
- savings/share schemes
- medical schemes
- subsidised pension
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