By Vaishnavi Tyagi
Business Analyst is a profile that offers high paying jobs in the business world. You get plenty of opportunities to grow in this field. A Business Analyst is a person who works for a business or organization to help build and improve their model and solve various issues.
Usually, a Business Analyst is well paid. There are many courses available in India related to Business Analysis, like MBA in Business Analysis, PG Program in Business Analytics, Executive Program in Business Analytics and Business Intelligence, Executive Programme in Business Analytics, to name a few.
Candidates have many scopes and job profiles to explore in this field and they are – Business Analyst, Research Analyst, Operations Research Analyst, Quantitative Analyst, Data Analyst, etc. Average fees for Business Analysis course is around INR 4 lakhs.
Through this article, come explore what Business Analysis is all about, Job Profile, Scope, Courses offered, and Fees, Salary, Market Opportunities and Eligibility requirements.
What is Business Analysis?
Business Analysis is a research discipline that helps you to find business needs and business solutions. It offers insights and concepts for the development of initial business projects. It is a software system development component.
What is the job profile of a Business Analyst?
A Business Analyst is a person who takes key responsibilities of Business Analysis to work with business organizations to solve business issues, reorganize business models, infrastructure setup, conduct detailed analysis, advise to use the resources, work as a consultant to improve business models, to maintain client business management, etc.
Job Profile of Business Analyst
The job profile of a Business Analyst comprises the following-
- Helps in organizing and reorganizing business models, corporate structure.
- Helps in training manpower and setup of infrastructure
- Collects business data and conducts a detailed analysis
- Maintains client relationship
- Consults with big business organizations to solve various issues of logistics, management, finance, research, marketing, and operations.
- Carrying out a detailed analysis of statistical data, finance, working standards, etc.
- Make recommendations and suggests methods for implementations
- To work as per the needs of the business
- Problem-solving skills
Jobs in industries like Retail, Manufacturing, Social Media, Oil, and Gas, Gaming, Financial Services, etc. are available for the Business Analyst profile. Candidates can work as Business Analyst, Business Analyst Industry expert, Data Mining expert, Business Intelligence expert, etc.
Business Analysis: Scope and Market Requirements
Business Analysis offers huge scope for candidates. ‘Big Data’ plays a major role in the field of Business Analysts. In a study, it is revealed that the growth of Business Analysts will increase with the change in market trends. Some career options for a Business Analyst are as follows-
- Data Business Analyst
- IT Business Analyst
- Financial Analyst
- Operations Research Analyst
- Quantitative Analyst
- Market Research Analyst
You might want to know about the best possible companies that will recruit Business Analysis professionals.
Well, many companies offer jobs to the candidates and they are as follows –
IBM, Accenture, American Express, S&P Global, Seven Hills Healthcare Pvt. Ltd., Ameriprise India Pvt. Ltd., HP, Cognizant, Tata Consultancy Services, etc.
Salary of Business Analyst
Business Analysts get a high salary provided they have done a proper diploma, certificate or post-graduation specializing in this field. For the position of Business Analyst, you can get a salary up to INR 8,62,699 per annum. For other positions, you can get an average salary of INR 5 lakhs to 7 lakhs per annum. Experienced professionals can get a salary of around INR 25 lakhs to 30 lakhs per annum.
Business Analysis: Courses
There are various courses available in India for Business Analysts. Course name, fees, and duration of the course are provided in the table below:
|Course Name||Duration||Fees (Approx)||Mode|
|MBA in Business Analytics||2 years||INR 4,00,000||Online/Offline|
|PG Program in Business Analytics||2 years||Online|
|Executive Programme in Business Analytics||6 months to 12 months||INR 2,00,000||Offline|
|Certificate in Big Data and Analytics||6 months||INR 1,00,000||Online|
|PG Program in Business Analytics & Big Data||2 years||INR 3,00,000||Online|
|PGDM Programme in Analytics||2 years||INR 4,00,000||Online|
|Certificate in Business Analytics||1 month||INR 80,000||Online|
|Executive Program in Business Analytics and Business Intelligence||6 months to 12 months||INR 3 – 4 Lakhs||Online|
|Postgraduate Certificate in Predictive Business Analytics||10 months to 12 months||INR 2,00,000||Offline|
Business Analysis: Eligibility Requirements
In case you are interested to pursue the career of a Business Analyst, you have to fulfil the following eligibility criteria to secure admission in a Business Analyst course–
- Candidates must have passed Graduation with a minimum 50% marks from a recognized university.
- Some courses may require work experience of 2 to 3 years.
- For the PGDM course and MBA course, a candidate must have passed CAT/MAT/XAT/other management entrance exams.
- Candidates need to ace the Personal Interview to get admission in the course.
Top Institutes/Colleges offering Business Analysis
Although there are thousands of institutes or colleges offering courses in Business Analysis, we have incorporated a list of colleges that offers various courses:
|College Name||Course Offered|
|IIM Calcutta, IIT Kharagpur, ISI Kolkata||PG Diploma in Business Analytics|
|IIM Bangalore||Business Analytics / Business Intelligence|
|Lovely Professional University||MBA in Business Analytics|
|Indian School of Business, Hyderabad||Certificate in Business Analytics|
|SDA Bocconi, Mumbai||Executive Programme in Business Analytics|
|Symbiosis Institute for Management and Human Resource Development||MBA in Business Analytics|
|Aegis School of Business and Telecommunication (ASBT), Bangalore||PGP in Business Analytics, Data Science and Big Data|
|SP Jain Institute of Management and Research (SPJIMR), Mumbai||Business Analytics
Executive Certificate Programme in Big Data Analytics
|ISBR Business School, Bangalore||MBA in Business Analytics|
|Galgotias University, Noida||MBA in Business Analytics|
|Rama University, Kanpur||MBA in Business Analytics|
|XIMB||Executive MBA in Business Analytics|
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