Surprisingly, of all the data that is gathered, 99.5% of that data never gets used or analysed. So much potential wasted! This is why business analysts are in huge demand. Businesses are trying to harness big data’s full power to increase their operating margins and business analysts are the force behind data-fication of information. They are the fix-it men and women of the corporate world. Their job is to work with unstructured data and convert it into a meaningful interpretation that helps in making better management decisions. Today, a career in business analytics offer loads of lucrative benefits include high salaries, job security, and a plethora of career opportunities. Studying business analytics courses is the smartest move you could make in 2020.
The Three-step Process to Launch a Business Analyst Career
Step 1: Kick-start a Business Analytics Career By Taking Online Courses for Business Analyst
Beyond your bachelor’s degree in business, you’ll want to learn some practical application on popular tools like Python, R, MS Excel, Minitab etc. Different business analyst roles require a different level of technical proficiency, all of which can be gained through online courses for business analysts.
Step 2: Gain work experience
You can gain work experience in a volunteer or intern role with a small enterprise first, or take advantage of summer internship opportunities. If you are already working with a company in a different role, offer to work on business analytic projects. There are many transferrable skills you can be working on, as the role of a business analyst is vast. You can also enter the field either with knowledge of specific business domain gained from business analytics courses or with knowledge in an industry such as finance, telecommunications, etc.
Once you are hired as an entry-level business analyst, make sure to gain experience across different domain and projects; later, you can also specialize in the industry or domain you are interested in. But to reach that level where you can choose the field of your choosing, you need a solid combination of knowledge, practical skills, and experience.
Step 3: Earn an Advanced Certification in Business Analytics
Most universities offer advanced online courses for business analysts on accredited online platforms like Talentedge, Udemy, and EdEx. These certifications generally include courses in business data analytics, operations research, project management, predictive analysis, etc. For those with advanced knowledge of business analytics, the scope of opportunities takes new heights.
The Business Analyst Job Outlook
Recent advances in technology and big data mean a rise in the demand for business analysts. Thus, business analysts must continue to upskill and enhance their knowledge by taking online courses for business analysts to stay abreast of technological advances. And though employers don’t expect deep knowledge of tools, a basic understanding of R and SAS can give you an edge over other candidates. Good knowledge in the domain area and hands-on understanding of analytical tools, as well as exposure to database management, can lead to a promising career in business analytics.