Role and Responsibilities of a Business Analyst
Business analysts work with organizational data to identify problem areas, solutions, and suggest improvements. The role of these professionals is not limited to just analyzing a company’s management structure.
- Their business findings practically impact all the departments of an organization including IT infrastructure, policies, and employee development.
- They work closely with business teams and stakeholders to convey their insights and help implement changes.
- They identify the business goals of a company and devise appropriate management strategies.
- They meticulously analyze data to study what is financially and technologically suitable for the organization.
Business analysts don’t necessarily need to have a background in IT. However, they are expected to possess a basic knowledge of information systems function. Forecasting, budgeting and documentation & reporting are some other essential skills of these people.
Data scientists extract insights from complex data using advanced techniques, while business analysts focus on improving business processes and strategy to enhance operational efficiency. Explore more about their differences here.
Business Analyst Salary in India 2024: Fresher to Experienced
The average Business Analyst Salary ranges between ₹ 2.7 Lakhs to ₹ 11 Lakhs in India. However, with a substantial increase in years of experience, the Business Analyst Salary can go up to INR 15 LPA. Some top-paying companies in India for Business Analyst are Amazon, JP Morgan Chase, and HSBC Group.