Sonakshi, a fresher engineering graduate wants to get a good start in analytics career. She asked, “As I don’t know much about analytics with no work experience, can I get a good opportunity in analytics career.” She is absolutely right! Without knowing career prospects and needed skills, no one can decide on choosing a right career easily. However, to pursue a career in business analysis, there is no requirement of any specific degree. As any graduate who know the fundamentals of business analysis can do this job perfectly.
Career Prospects in Business Analytics
The McKinsey Global Institute said ,”By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.” However this report came in 2011 but its predictions fit well with the current market conditions. Skillful analytics are in demand as all sizes companies worldwide have huge data and they are increasingly hiring professionals in business analysis. They are ready to hire analytics professionals on high salaries to drive strategic growth in their business. As a student, you can choose few academic courses that will teach you about few fundamental analytics techniques. However, to be successful in this exciting field, you should have the following mentioned skills. If you have these skills, no one can stop you to be a successful business analyst or you can switch from your former career to Business Analytics easily.
What is the first thing that comes to your mind when you face an unexpected situation? If “why” and “how” hits in your mind, it means you have a high level of inquisitiveness or curiosity which make you a perfect fit for the job of a business analyst. So, it means, if you have a high sense of inquisitiveness or curiosity, you can do well in analytics career.
2C (Communication and Confidence)
Being a business analyst, you need to communicate directly to the decision makers and the stakeholders. If you share business insights and findings confidently with them, you can convince them to take positive decisions for ensuring profitability. Good written and verbal communication skills also help business owners to know the positive impact of your findings.
Understanding of Vision
To be a successful business analyst, it is important to understand the big picture of the business and it’s set vision as it will help you to create a strategy or a road map to achieve set business goals. It will help you to get to know what a company would like to achieve in a set time period and how you are going to help them in all this. It will also keep you motivated to do something new every time in your job.
Mathematical and Detail Orientation
If mathematics scares you, don’t go for this career! To perform well as a business analyst, you should have a better understanding of mathematical concepts as it helps you to solve a number of problems while you work on a large volume of data related to a business. Also, paying attention to the details of any issue related to business is important as it adds insight in any business issue to solve it easily.
Business analysts work on data that can be used differently for an organization’s benefit. Your teamwork quality will help you to get all useful insights from different departments easily for clarifying of any issue. To be able to understand everything about data, you need to get connected with the teams of different departments so that you can get all necessary inputs from them.
To conclude these skills are critical to build a successful analytics career! You can succeed faster, if you have a knack to make a distinction between tools and techniques to reach a meaningful conclusion after the data analysis. Often on the basis of information shared by you, business owners take decisions in the context of business and making sales and marketing strategies. If you have the interest in this area then it is icing on the cake as it will help you to get a good salary all along better career opportunities in the future.