Updated June 01, 2022
A business analyst recommends ways to improve an organization’s efficiency and profitability. By analyzing various data, a business analyst will evaluate current processes, products, services, and software and recommend more efficient ways of operating. The International Institute of Business Analysis describes the position this way: business analysts help businesses do business better.
Salary (Median Pay)
For management analysts.
- Salary: $87,660/yr
- Hourly Rate: $42.14/hr
Source: Bureau of Labor Statistics (BLS)
Duties and Responsibilities
- Interviewing personnel;
- Conducting onsite observations;
- Analyzing financial data;
- Evaluating current processes;
- Identifying business solutions;
- Recommending changes to systems and procedures;
- Training staff; and
- Developing projects and monitoring project performance.
Qualifications
- Bachelor’s degree in a relevant field;
- Analytical skills;
- Problem-solving skills;
- Detail-oriented; and
- Certification of Competency in Business Analysis (CCBA) or Certified Business Analysis Professional (CBAP) certification preferred.