What is a business analyst?
By Chris Devonshire | 14th March 2023
Next in our series rounding up technology jobs, we’re summarising what is a business analyst. This follows the first two technology roles in our series; software developers and data engineers.
So, what is a business analyst? What do they do and is it a great career choice?
What does a business analyst do?
A business analyst is basically a problem-solver for a company. They take a close look at how things are currently done and figure out ways to make things run smoother, quicker and more efficiently. Business Analysts collect data, talk to people in the company, make suggestions and work with technology teams to put their ideas into action.
Effectively, business analysts are responsible for analysing company process and operations to identify inefficiencies and recommend solutions to improve productivity and profitability.
From communicating with stakeholders, creating document requirements and working with tech teams to implement improvements, the business analyst has a wide remit.
What skills does a business analyst need?
Business analysts wear many hats. They act as a liaison between different departments, gather information, and use that information to make recommendations for improvements.
Therefore, business analysts need to:
- have a solid understanding of the company’s goals and objectives.
- be able to analyse data and have strong communication skills to explain their findings and ideas clearly, to both technical and non-technical people.
As a result, the end goal is to help the company run more effectively and achieve its goals.
Is being a business analyst a great career choice?
Being a business analyst can be a rewarding and challenging career choice.
It offers the opportunity to use both technical and interpersonal skills, as well as the ability to make a significant impact on a company’s operations and bottom line.
The role often offers growth potential, as well as the chance to work with a variety of departments and people.
However, like any career, it also has its challenges. For example, the need to constantly adapt to new technologies and changing business environments.
Being a business analyst is a good fit for someone who enjoys problem-solving, data analysis, and communication.
Are business analysts in demand?
Yes, business analysts are in high demand, particularly in today’s fast-paced business environment where companies are constantly looking for ways to streamline processes, improve efficiency and reduce costs.
Many industries, including finance, healthcare, and technology, require the skills of a business analyst to drive growth and success.
Additionally, the increasing use of data and analytics in decision-making has created a growing demand for individuals with strong business analysis skills.
Why are businesses hiring business analysts?
Businesses hire business analysts for their ability to drive improvements, make data-driven decisions, manage projects, and bring change to the organisation.
But there’s more:
- Process improvement: Business analysts help companies identify inefficiencies in their processes and recommend solutions to improve efficiency and productivity.
- Data-driven decision making: Business analysts collect and analyse data to provide valuable insights into a company’s operations and market trends.
- Requirements gathering: Business analysts work with stakeholders to gather requirements for new systems and processes to ensure they meet the needs of the business.
- Cost savings: By identifying areas for improvement and recommending solutions, business analysts help companies reduce costs and increase profits.
- Change management: Business analysts play a key role in managing change within an organisation, by assessing the impact of changes and communicating the benefits to stakeholders.
Average salaries for business analysts
The average salary for a business analyst in the UK can vary widely based on experience, location, industry and even by company.
Here is a general estimate, based on experience:
- Entry-level: £25,000 – £35,000
- Junior: £35,000 – £45,000
- Mid-level: £45,000 – £65,000
- Senior: £65,000 – £90,000
- Lead/Manager: £90,000+
It’s also important to note that salaries for business analysts can be influenced by the individual’s level of education, certifications, and skillset.
Why choose a career as a business analyst?
A career as a business analyst offers the opportunity to solve problems, advance professionally, work with a variety of people and projects, and experience job security and growth potential
Here are some reasons why someone might choose to pursue a career as a business analyst:
- Problem-solving: Business analysts get to use their critical thinking skills to identify problems and come up with solutions that can have a significant impact on a company’s operations
- Career development: Business analysts often have opportunities for career advancement and can move into leadership or project management roles.
- Variety: Business analysts work with a variety of departments and people and are exposed to a wide range of industries and projects, providing a diverse and interesting work experience.
- Data analysis: Business analysts use data to make informed decisions and drive business improvements.
- Flexibility: Many business analyst roles offer the opportunity to work with a flexible schedule or remotely
- Growth potential: As technology and data continue to play a larger role in businesses, the demand for business analysts is expected to increase, providing job security and growth potential
Business analyst jobs
A career as a business analyst can be a rewarding choice for individuals who enjoy problem-solving, critical thinking, and data analysis.
With the growing use of technology and data in businesses, business analysts play a key role in driving improvements, making informed decisions, and managing change within organisations.
Here are our latest business analyst jobs to get you thinking.
Talk to your Devonshire Hayes team of recruiters today to find out who’s hiring.
Co-founder