become business analyst, top-notch business analyst

The Community Blog for Business Analysts

Gaurav Belani
Gaurav Belani

Top Skills That Every Business Analyst Should Have

Are you trying to cement your career as a successful business analyst?

If yes, then let us first talk about the exact role of a business analyst.

A capable business analyst enables the organization to become agile, adaptable, and develop the ability to reinvent itself in the hyper-competitive business environment.

But how?

So, if a business is more into the traditional practices of decision making, then a business analyst can help them make better business decisions based on actionable insights. A skilled business analyst knows the data and math to help a business transform its customer’s needs into product and services.

All in all, every business needs capable business analysts to convert data into business opportunities while optimizing the existing business process for enhanced efficiency.

By now, it is clear that a business analyst has to fill many hats.

But are the exact top skills that you need to master to become a successful business analyst?

Here are some of the top skills you need to acquire in order to become a top business analyst:

1. Enhance Your Research Capabilities

If you love browsing through the internet, then you will have it easy as a business analyst because a good business analyst knows what to search and where to search.

Thorough research is all about gathering all the relevant information and analyzing it efficiently to come up with unique business solutions.

But business analysis is not all about pitching the right solutions. If anyone has a question or doubt, your research should be able to answer it with relevant data and facts.

If your research is flawed, you can rule out your ideas being taken seriously.

2. Proficiency With Numbers

A large part of a business analyst’s job is getting immersed in data and numbers. Start loving numbers to make sense of the data you have got.

The solution to any corporation’s problems are hidden in the heaps of data and statistics it creates on a daily basis. You not only need to gather all the data but analyze it thoroughly to come up with relevant business insights.

A number lover in you will never shy away from running risk assessment, statistical analysis, and financial planning, among others — some of the must-have traits in a business analyst.

Always interpret and analyze the data thoroughly to create efficient information models and the financial viability of your business solution.

3. Efficient Financial Planning

Have you ever planned your finances to run the house comfortably and at the same time, meet your future goals?

If yes, then you are unlikely to have a hard time acquiring financial planning skills in order to become a business analyst.

Naturally, business financial planning is much more complex than your regular household finance planning. However, if you already have a practical grasp of finances and economics, then foraying into professional financing wouldn’t be as difficult.

While chalking out a credible business solution, there are a few essential questions which you need to ask yourself, including:

How much your decision will cost the company?
How much time will the implementation of the decision take?
How rewarding will it be for the company in terms of revenue/profit?

You need to go through these steps judiciously, to create a successful business solution from all fronts.

After all, the ultimate goal of your job is to help your company grow while enhancing its profitability.

4. Keep Your Organization Game Strong

Too many meetings, notes, data, feedback, and so forth, can make your job as a business analyst a lot more tedious than you could ever expect.

However, this can be easily avoided if you document the whole strategy beforehand and execute it carefully.

Keeping your workplace and tasks organized can do wonders in achieving your career goals. On top of that, it will help you stick to the designated deadlines.

Thus, it is crucial to document every phase and step of the planning to keep your projects streamlined or lined up in an organized manner.

As a business analyst, make sure to organize a schedule in such a manner that it aligns with the SMART framework, which includes making specific goals, measurable goals, attainable goals, relevant goals, and most importantly time-based goals.

 Smart Goals

Source

An efficient, SMART framework-based organization can also help you to pull out even the most minuscule details within seconds. It is also the job of a business analyst to let all stakeholders know what is happening. And this is where all the recordings and documentation come in handy — when the time comes to explain the entire process of your business plan to your fellow team members or supervisors. So, keep your documentation clear and well managed to make sure everyone understands your plan.

You can also use a tool like Trello or Pipefy to keep everything organized and in place.

5. Hone Your Communication & Presentation Skills

Naturally, to become a top business analyst, you would need to hone your communication & presentation skills. After all, a large chunk of your time would be spent conversing with potential clients and brainstorming ideas with your team.

When you are not communicating in meetings, you will be shooting out emails, which again is a mode of communication. So, to excel in the field of business analysis, you need to brush up on your communication skills, both verbal and written.

Moreover, the communication carried out as a business analyst isn’t only about getting your point across but also grasping what the other stakeholders have to offer.

6. Competence at Technical Skills

While your job as a business analyst doesn’t require you to write long drawn out codes, you would still be expected to have regular know-how of coding. Occasionally, you might be expected to dabble in coding or might be required to create a graphical analysis.

Basic knowledge of programming languages such as CSS, Java, and Javascript comes in handy when it comes to demonstrating something through graphical analysis.

Other than that, you should also have competence in data analysis and should know your way around tools such as MS Office Suite, MS Excel, and more.

7. Analytical Skills

If you are gearing to become a business analyst, then you must have the potential to solve every problem that comes your way. And analytical skills are exceedingly important when it comes to finding your out of a tricky situation.

Analytical skills include clearly visualizing the problem, analyzing & evaluating it, and finally solving it using the most optimum method possible. Throw in interpretation skills and logical thinking, and you will be on your way to becoming a top-notch business analyst.

To hone your analytical skills, you need to work at acquiring knowledge in techniques such as SWOT Analysis and Interface Analysis.

Summing it all up

To conclude, a business analyst needs to be proficient in multiple subject areas and at the same time should be a great communicator. They have to wear so many hats to scale up their goals and achieve success in their job.

It is vital for a business analyst to have a mix of all the skills listed in the article, along with any other requirements that a particular organization may have.

This entry was published on Jul 18, 2019 / Gaurav Belani. Posted in Business Analysis. Bookmark the Permalink or E-mail it to a friend.


Blog Information

» What is the Community Blog and what are the Benefits of Contributing?

» Review our Blog Posting Guidelines.

» I am looking for the original Modern Analyst blog posts.



Modern Analyst Blog Latests

Jarett Hailes
Jarett Hailes
As we start a new year many of us will take the time to reflect on our accomplishments from 2012 and plan our goals for 2013. We can set small or large goals. goals that will be accomplished quickly or could take several years. For 2013, I think Business Analysts should look to go beyond our traditional boundaries and set audacious goals. Merriam-...
4 Responses
Howard Podeswa
Howard Podeswa
Recently, I was asked by the IIBA to present a talk at one of their chapter meetings. I am reprinting here my response to that invitation in the hope that it will begin a conversation with fellow EEPs and BAs about an area of great concern to the profession. Hi xx …. Regarding the IIBA talk, there is another issue that I am considering. It's p...
15 Responses
Adrian M.
Adrian M.
Continuing the ABC series for Business Analysts, Howard Podeswa created the next installment titled "BA ABCs: “C” is for Class Diagram" as an article rather than a blog post. You can find the article here: BA ABCs: “C” is for Class Diagram Here are the previous two posts: BA ABCs: “A” is for Activity Diagram BA ABCs: “B” is for BPMN
1 Responses
Copyright 2006-2019 by Modern Analyst Media LLC