Lecture Notes: Introduction to Business Analysis

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Today's Topic: Business Analysis

• Goal: Explore business analyst (BA) role, career path, key skills, job prospects, salaries, and certifications

Role of a Business Analyst

• Definition: Bridge between IT department and business units
• Responsibilities:
  • Analyze business needs
  • Identify areas for improvement
  • Design solutions to meet company goals
• Key Attributes: Problem solvers, communicators, strategists

Career Path to Become a Business Analyst

• Education: Bachelor's degree in business-related fields (e.g., business administration, finance, economics, computer science, IT)
• Entry-Level Positions: Junior business analyst, data analysis, project management
• Advancement Opportunities:
  • Senior Business Analyst
  • Business Intelligence Analyst
  • Project Manager
  • Industry-specific specializations (e.g., healthcare, IT)

Key Skills for Business Analysts

• Critical Thinking: Evaluate solutions, strategic, critical, and creative thinking
• Communication: Clear, concise, interacting with stakeholders
• Problem Solving: Identify issues, assess impact, find solutions
• IT Skills: Understanding of technology to communicate requirements and constraints

Job Prospects and Earnings

• Industries: Finance, healthcare, technology, retail
• Employers: Big corporations, startups, nonprofit organizations
• Salary:
  • USA: Median annual salary ~$80,000, higher with experience
  • Australia/UK: Salaries well above national average

Certifications for Business Analysts

• Certified Business Analysis Professional (CBAP): Offered by International Institute of Business Analysis (IIBA), for experienced BAs
• Certification of Competency in Business Analysis (CCBA): Also by IIBA, for less experienced BAs

Conclusion

• Potential: Fulfilling career with growth opportunities and attractive salaries
• Final Note: Importance of right skills, career path, and certifications for success as a BA

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