In today’s fast-paced market scenario, the role of a Business Analyst (BA) lends great value to an organization – a BA is a generalist capable of functioning competently in diverse roles.
Outsourcing has become a mainstay in our global economy. Large corporations reduce their operation costs by seeking out the same work quality at lower costs. By outsourcing, a distance between the business stakeholder and the programmer is created, creating the need for higher quality and more precise analysis, including creation of documents and functional specifications, has risen. With this requirement, an increasing demand for business analysts can be witnessed in our information economy.
Besides, in a competitive economic landscape, business bodies strive to improve their business processes and reduce costs - Business Analysts are at the center of most of these initiatives.
What's the role of a Business Analyst?
According to the International Institute of Business Analysis (IIBA), “Business Analysts must analyze and synthesize information provided by a large number of people who interact with the business, such as customers, staff, IT professionals, and executives. The Business Analyst is responsible for eliciting the actual needs of stakeholders, not simply their expressed desires. In many cases, the Business Analyst will also work to facilitate communication between organizational units. In particular, Business Analysts often play a central role in aligning the needs of business units with the capabilities delivered by information technology, and may serve as a ‘translator’ between those groups.”
Journey to become a BA!
A typical Business Analysis course pursued abroad equips you with skill sets to wear many hats - Business Planner, Subject Area Expert, Project Manager, Financial Analyst, Systems Analyst, Organization Analyst, Technology Architect, Process Analyst, Data Analyst, Application Analyst and Application Designer.
To make life easy for you, Hotcourses India has listed leading international education institutions from the US, the UK, Australia, Netherlands, New Zealand, Malaysia and Singapore, who offer business courses.
Where to study Business Analysis abroad?
A Business Analysis course helps you identify and define the solutions, which maximize the value delivered by an organization to its stakeholders. You will learn about business data management processes and business analytic approaches; experiential project management using live data sets for analysis and application; and data management, including data mining, marketing technology, applied statistics, how to interpret and communicate data analysis, and ethical and intellectual property issues related to data analytics. You will also learn how to troubleshoot and deal with strategic, operational, process and technical issues.
Not only will you be able to understand an organization’s business requirements, you will be to create and maintain Business Requirement Documents (BRD), Functional Requirement Documents (FRD), Technical Requirement Specifications (TRS) and Functional Requirement Specifications (FRS); and also communicate requirements in developer-friendly language, if need be !
BAs in demand!
According to a U.S. Bureau of Labor Statistics (BLS) report, BAs will be among the fastest growing IT occupations, while Google
, Infosys, Wipro and their like are constantly on the lookout for business analysis graduates with the acumen to undertake critical business projects.
Career prospects for this course are quite promising, with multinational giants most often visiting leading international educational institutions to recruit promising students as Business
Analysts. With a business analysis qualification earned abroad and experienced earned during your study tenure, you can start with a salary of about Rs. 420,000 and reach 1,500,000 or even more over the years, as you nurture your career.
According to Payscale.com, the salary of a Business Analyst in the USA is from $48,215 to $95,291.
And a Senior Business Analyst's salary in the USA is from $60,859 to $110,680.
Did you get all the required information in this article? What's next? Speak to us and we'll tell you which university abroad is for you to study a Business Analyst programme.
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