Steve Jobs said, “Design your Life”; that is so true to bring the meaning to one’s life and your career is big part of it.
With ample of availability of trained Engineers or Management (MBA) resources, these careers have turned into plain vanilla. We need an additional skill to stand out in the crowd.
Trend spotting is important in making intelligent career choices. A look into past trends helps in understanding the hot jobs that expected to have high demand in future. Last decade has shown success in out of the box careers in various fields such as media, movie, fashion, non-profit sector or technology…..
Business Analysis, as a career has emerged last decade in USA, primarily in finance and healthcare industry because Business experts faced difficulty in communicating their needs to technical experts and vice-a-versa
Why Business Analysis Career???
1. Recession proof jobs: It means jobs, which are strategic thinking ones, cannot be outsourced or automated. The need of new system (solution) either by improving the existing one or launching brand new system (solution), we will always need business analyst.
2. High growth: There will be growth in this field as the need of building solution will increase. As per US Labor department projection, there will be 18% growth in computer system analyst (Job code: 15-105) from 2008 till 2018. Thus this will be one of most demanding career in near future.
3. Flexibility: Business Analysis provides flexibility in career options ie
a. Multiple Entry Point: One can enter into Business Analysis Career coming from Management or Engineering, or operations or process specialization or a product specialization or Domain specialization (example: media, healthcare, pharmaceutical, finance, insurance…)
b. Multiple Exit Point: a Business Analyst can move towards Non-Technical verticals such as - SME (Subject Matter Expert), Operations, Practice Head or towards technical verticals such as - Product manager, Program manager / Release Manager…
c. Additional Exit Points could be – Corporate Strategy, Decision Control Mechanism, Change Management, Customer Relationship Management, Enterprise performance management, Finance and Accounting Management, Human Resources Management, Service Management, Shareholder Value, Supply Chain Management,
It means this career option provides more flexibility to the professionals in building their career.
4. Higher Salary: As per the recent research conducted by US based consultancy firm, CareerCast, software engineers and related jobs are the most satisfactory with average salary starting from USD 68,000 per annum. Whereas Business Analyst’s average starting salary is USD 85,000 per annum. That is higher than the software engineers or any other professionals.
5. BA knowledge for non-BA Role: One doesn’t necessarily need to become BA by acquiring the knowledge. The knowledge and skill provides enough “system thinking” and “problem solving” that can be utilized to improve their existing careers by improving the department’s operations, productivity and improve employee moral with better and effective business solution. Thus, expediting their career path.
So decide now – To Be or not To Be “a BA”
With ample of availability of trained Engineers or Management (MBA) resources, these careers have turned into plain vanilla. We need an additional skill to stand out in the crowd.
Trend spotting is important in making intelligent career choices. A look into past trends helps in understanding the hot jobs that expected to have high demand in future. Last decade has shown success in out of the box careers in various fields such as media, movie, fashion, non-profit sector or technology…..
Business Analysis, as a career has emerged last decade in USA, primarily in finance and healthcare industry because Business experts faced difficulty in communicating their needs to technical experts and vice-a-versa
Why Business Analysis Career???
1. Recession proof jobs: It means jobs, which are strategic thinking ones, cannot be outsourced or automated. The need of new system (solution) either by improving the existing one or launching brand new system (solution), we will always need business analyst.
2. High growth: There will be growth in this field as the need of building solution will increase. As per US Labor department projection, there will be 18% growth in computer system analyst (Job code: 15-105) from 2008 till 2018. Thus this will be one of most demanding career in near future.
3. Flexibility: Business Analysis provides flexibility in career options ie
a. Multiple Entry Point: One can enter into Business Analysis Career coming from Management or Engineering, or operations or process specialization or a product specialization or Domain specialization (example: media, healthcare, pharmaceutical, finance, insurance…)
b. Multiple Exit Point: a Business Analyst can move towards Non-Technical verticals such as - SME (Subject Matter Expert), Operations, Practice Head or towards technical verticals such as - Product manager, Program manager / Release Manager…
c. Additional Exit Points could be – Corporate Strategy, Decision Control Mechanism, Change Management, Customer Relationship Management, Enterprise performance management, Finance and Accounting Management, Human Resources Management, Service Management, Shareholder Value, Supply Chain Management,
It means this career option provides more flexibility to the professionals in building their career.
4. Higher Salary: As per the recent research conducted by US based consultancy firm, CareerCast, software engineers and related jobs are the most satisfactory with average salary starting from USD 68,000 per annum. Whereas Business Analyst’s average starting salary is USD 85,000 per annum. That is higher than the software engineers or any other professionals.
5. BA knowledge for non-BA Role: One doesn’t necessarily need to become BA by acquiring the knowledge. The knowledge and skill provides enough “system thinking” and “problem solving” that can be utilized to improve their existing careers by improving the department’s operations, productivity and improve employee moral with better and effective business solution. Thus, expediting their career path.
So decide now – To Be or not To Be “a BA”
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Nice article for the people who are interested in Business Analyst Course.
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ReplyDeleteKnowledgetics Research offers comprehensive Business Due Diligence Services designed to empower organizations in making informed decisions. Our team of business due diligence experts conducts thorough assessments, evaluating financial, operational, and legal aspects to identify potential risks and opportunities. We tailor our services to meet the unique needs of each client, ensuring a meticulous approach that enhances transparency and mitigates risks. Trust Knowledgetics Research for reliable insights that support your strategic business initiatives and foster successful partnerships.