In the modern data driven world business analyst is a rapidly growing field. It has seen exponential growth in the past few years. A business analyst is someone who helps the organizations to analyze and improve their business processes by identifying the problems, coming up with the solutions which will lead to business growth and efficiency and implementing the said solutions. Moreover, they act as a bridge between different stakeholders. The sectors in which they can have an important role are: financial analysis, quality assurance, training, business policy and procedures, market analysis, organizational development and solution testing.
Specific business analyst roles are given below:
Top skills required to be a good business analyst
Certifications that Boost the Salaries of a Business Analyst
Salary Overview of a Business Analyst
The salary of a business analyst can vary depending on various factors including experience, industry, location and size of the company. It generally ranges between INR 5,00,000 to INR 12,00,000.
A complete breakdown of the salary that an individual can earn on the basis of their position in the company
A complete breakdown of factors affecting the salary of business analyst
Industry
The type of industry you work in has a huge impact on your salary as a business analyst. In certain industries like finance, technology and consulting you tend to earn higher as compared to others.
Location
Metropolitan cities like Delhi, Bangalore, Kolkata might have higher paying jobs as a business analyst as compared to smaller towns/ cities
Skills and Specialization
Having specific skills like data analysis, business process management can lead to an increase in a business analyst’s prospective salary.
Salary Breakdown according to top recruiters
Comparison of salaries of a business analyst in India with other countries
With the evergrowing tech landscape the scope of business analysis is expanding. Businesses have started recognising the value of data driven insights the scope of a data analyst is expected to grow even more. It is more than just a technical skill, instead it is more about understanding how a business operates, what it needs and thus helping it to meet those specific needs. The ability to do so makes their role quite crucial in the organization. Therefore, we can
say that the business analysts earn a competitive salary in India, that varies on the basis of education, location, experience and skills. While the entry level jobs can start at around INR 4,00,000 per year senior analysts can earn up to INR 18,00,000 per year. To conclude, becoming a business analyst is an exciting and fulfilling career choice that offers opportunities for growth, learning and making an impact.
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