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Business Analysts Management Analysts

Business Analysts Management Analysts

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Business Analysts

aka Management Analysts

Average Annual Salary for Business Analysts:

Salaries for management analysts vary widely by years of experience and education. Median annual earnings in the industries employing the largest numbers of management analysts in May 2004 were:

  • Management, scientific, & technical consulting services, $72,480
  • Federal Government, 72,440
  • Computer systems design and related services, 69,800
  • Management of companies and enterprises, 59,420
  • State government , 48,070

Necessary Education for Business Analysts Career:

The way to enter the field is to obtain a Bachelor's degree»» in Business Administration with independent Information technology studies.

What is a Business Analysts in a nutshell?

Responsible for analyzing the business needs of their clients and investors to help identify business problems and propose solutions.

Types of Business Analysts jobs:

  • Budget Analysts»»
  • Cost Estimators
  • Financial Analysts
  • Personal Financial Advisors
  • Economists
  • Market & Survey Researchers
  • Managers»»

Business Analysts Skills & Responsibilities:

Business Analyst should have some background knowledge of the subject to make the requirements gathering efficient, or at least have the skills to apply logical analytical thought to a business issue.

  • Provide guidance to stakeholders on devising effective and efficient approaches to achieve the project objectives
  • Identify and resolve issues
  • Manage the risks
  • Liaise with other project areas to coordinate interdependencies and resolve issues
  • Liaise with various business units to gather requirements and resolve issues
  • Improve business processes
  • Gather and define business requirements
  • Analyze and map processes (current state/future state)
  • Analyze data
  • Produce high quality documentation
  • Report status and issues to the Project Manager(s)
  • Contribute to enterprise architecture development from a business needs point of view
  • Great communicator and diligent team member

Future Outlook for Business Analysts:

Despite projected rapid employment growth, keen competition is expected for jobs as management analysts. Employment of management analysts is expected to grow faster than the average for all occupations through 2014.

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