A lot of business analysts especially new business analysts wonder what their options are for the future. It is not always clear is because there are many ways to go depending on your passions and education/training. The straightforward path is Junior Business Analyst to Senior Business Analyst to Business Analyst Manager, however, you don't always have to move completely straightforward. One lateral option is a becoming a User Experience Analyst or Designer
In practice, a user experience analyst is somewhere between a business analyst and a graphic/interface designer. You are typically expected to perform very similar task to what we traditionally call a business analysis tasks, in terms of discovering business needs and documenting requirements; however you take it a few steps further by using what you know about the business to build out a design that would be most effective for the users usually in the form of wireframes. An experienced business analyst could get some training around usability testing, information architecture, and design principles and easily become and superb user experience analyst or designer.
For a look at exactly what a UX designer does and how closely it compares to business analysis check out User Experience Designer Job Description & Deliverables (YouTube Video)
There are, as you say, many different opportunities. Project Management, Development, Systems Analyst, Data Analyst, Product Owners, Product Development, Head of Change (incorporates all of the above except Developers).
The list is endless and depends very much on what area you enjoy doing. I became a Senior BA and then BA Manager, now also acting Head of Change for large Corporation. After that? Director of Operations is the next step. As I said, depends on where you want to go.
A message to all though - UI/UX designer is great, but I have noticed a trend recently that is seeing such roles being integrated into others - I don't know if this will continue, but not sure how much you can progress after becoming a UI/UX designer? Head of UI/UX design? But if you are going to do that you may as well stay in Business Analysis and become a manager in that.
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