Introduction
Business analysts and data scientists are two possible career paths for business analytics graduates. And in today’s world of big data, large organisations increasingly demand the abilities of skilled business analysts to produce data models, insights, and strategic solutions.
This blog will help you understand how to evaluate your learnings in business analytics and why it’s an excellent alternative besides your university degree.
Is a business analytics certification beneficial?
Graduates who can solve complex problems with data, draft business strategy and interact with stakeholders at all levels are in high demand. You’ll develop an ideal mix of business and technical skills that future employers want.
Skills you will gain after completing a Business Analytics Course:
During your course, you’ll enhance your skill of analysing problems and critically thinking to develop creative solutions. You’ll also get experience making vital business judgments based on current market trends.
You could specialise in Business intelligence, which involves the analysis of large data sets to help business strategy and new business ideas. For example, utilising knowledge to comprehend consumer behaviour and buying decisions and applying that to a marketing plan.
A business analytics certification will help you develop your communication and presentation abilities. Suppose you pursue a career as a business analyst. In that case, you’ll deal with many departments on both the technical and commercial sides, so being able to change your style accordingly is critical.
You’ll learn about technology and programming languages like Java and C++, allowing you to approach business issues from a technical perspective. You’ll also get hands-on experience with different testing techniques and databases.
You will learn to think like an analyst, be detail-oriented, work under pressure, and manage projects and deadlines. You’ll improve these transferable skills throughout your education, allowing you to prioritise tasks and manage your time effectively.
Career Opportunities in The Field
With a professional certification in Business Analytics, you may work as a business analyst in many different industries and organisations. This job entails utilising computing science and statistical modelling to help businesses grow.
The role of a Business Analyst
Working hours vary depending on your employment status, but permanent employees may expect to work full time, Monday through Friday. Analysts who spend most of their time at desks are typically office-based working analysts. They may need to travel to meet customers and stakeholders since they are mostly employed in an office environment.
Business analysts employ various tools for data visualisation, business intelligence reporting, analytics, and statistical analysis. You’ll use quantitative analysis to gather and interpret large amounts of data and apply it to company decision-making in several areas. You’ll also be in charge of database administration and data modelling.
Related Business Analyst Jobs
In addition to being a business analyst, job duties closely associated with your certification include:
Market research specialists study and analyse data and information on customers and market trends. You’ll assist clients and coworkers grasp insights that will drive purchases of goods and services by using quantitative or qualitative research.
The function of process analysts is to assist senior leaders in achieving their objectives. Working with both business and IT teams, process analysts examine internal systems and create methods that lead to improvement.
Data scientists are similar to business analysts in that they combine technical and analytical talents to transform massive quantities of data into valuable solutions for commercial problems. Data scientists distribute insights and data models to assist businesses in making objective judgments.
Management analysts are hired as a consultant to assist businesses in improving or navigating issues. They collect and analyse data and utilise the findings to suggest solutions to improve performance, save time, or aid with organisational changes.
Business consultants operate on a contract basis and assist businesses with certain issues. These experts generally specialise in a specific business sector, such as human resources or marketing, and work to assess and enhance operations.
Salary Potential
The average salary of a Business Analyst in India is close to 7 lakhs per annum. (Source)
An early career Business Analyst with 1 to 4 years of experience gets an average annual salary of ₹511,494.
A mid-career Business Analyst with 5 to 9 years of experience gets an annual salary of ₹844,127.
A Business Analyst with 10 to 19 years of experience gets an annual salary of ₹1,300,032.
An Analyst with over 20 years of work experience gets an average annual salary of ₹1,969,067.
Industries You Could Work With
You may work in any industry with a Business Analytics certification since you have earned your credential. You can specialise in a particular sector, such as banking or energy, or you might focus on an area of business like marketing or supply chain management.
You could work for:
After having the relevant work experience, you could work on a self-employed or consultancy basis.
Further Your Education
After completing your bachelor’s, you might wish to pursue further education or improve your earning potential by enrolling in a PG Program in Business Analytics. This will enable you with skills in areas such as artificial intelligence, information science, or econometrics and operations research even more.
Why study Business Analytics with RISE WPU?
RISE WPU offers a wide range of educational opportunities and benefits with its innovative, industry-relevant and affordable PG program in Business Analytics, besides the post-study placement assistance after completing the course.
You will acquire the latest skills and hands-on industry-relevant experience that employers want in their team.
Would you please give us a call to learn more about our industry-expert curated course, scholarship and easy, no-cost EMI finance option? Get ready to RISE in your career!
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