Nowadays, the job of Business Analyst is very interesting. It seduces by its rather attractive remuneration. It is a profession that requires specific skills as well as well-founded roles and missions. What does this profession consist of? We talk about it.
Table of contents
What is a Business Analyst?
The individual working as a business analyst (business analyst – rome code M1805) is in some ways a functional consultant. He specializes in the study of the Information System (IS) of a company. In other words, he is a study manager in organization and computer science. This specialist is attached to the operational departments and to the Information Systems Department (ISD). Most often, they are found in large companies that have several subsidiaries or activities. IPTs, on the other hand, see them as individual consultants.
What are his roles within a company?
His role varies according to the company for which he offers his services. But in general, the business analyst is in charge of analyzing in detail all the needs of the organization. Whether it is material, IT, human, financial or strategic resources, the data analyst must ensure this. The objective is to guarantee the success of each organizational project. He also determines the objectives to be reached as well as the business policy to be adopted. It is a great pillar for the company.
The business analyst in his role of interface
The functional consultant is the intermediary between the operational departments and the IT department. He communicates useful information, supports and advises his superiors on the problems related to his function. His intervention facilitates exchanges.
A project manager
The business analyst fully manages the company’s activities, from the placement of actors to any completion. In addition to planning his or her work, he or she shares the tasks of the teams, monitors the steps and ensures the proper implementation of the projects. In other words, he/she determines the missions of each person, the strategies to adopt and the means to use. He prepares and controls the budgets, the schedule and the expected results. This leads him to pay close attention to the dashboard and the main performance indicators. He is in charge of informing the hierarchy on the progress of the activities and, if necessary, of any significant anomaly.
A good financial manager
The business analyst stays in close contact with the accountant. To do this, he establishes a database. This includes figures from the sales force, projections, steering tools and dashboards. In short, it exploits all the financial information for the sustainability of the activities.
The business analyst: resource manager
If needed, the professional can replace or complement the resource manager. This time, his role will be to manage human resources essential to the development of a company’s project.
Focus on the missions of the business analyst
His or her missions generally consist of gathering all the information essential to the company.
Establishment of the specifications
The business analyst writes a specification to evoke the requirements and make them known. Specifically, he or she informs on all costs and budgets.
Anticipation of cost evolution
Neither a decrease nor an increase in costs is good for the company. One of the missions of the business analyst is then to anticipate these evolutions. If not, he must quickly take the corresponding measures.
Conducting the qualitative and quantitative study
The company relies primarily on qualitative and quantitative research in the taking ofe decisions. From then on, the realization of this is a mission of the business analyst.
What are the qualities and skills needed to become a business analyst?
Three main qualities must characterize a business analyst. First of all, he must have excellent analytical skillsin order to ensure the follow-ups requested by the company. Then, a great versatility is required to perform both IT and operational functions. Finally, this person must have an incredible sense of communication. He is, in fact, in relation with all the members of a company. He must be able to lead meetings, make summaries and speak with different interlocutors. From this also emerges the importance of the mastery of several languages. It should also be noted that an analyst must have great listening skills, incomparable diplomacy and infinite creativity.
But for what salary?
The company sets the salary of a business analyst according to his responsibilities and sector. As a result, it could vary depending on the size of the organization. In addition, it depends on the geographical location, which means that it is much higher in the Paris region than in the rest of France. In addition, bonuses are minority. This means that the amount of the salary depends only on the base salary.
Therefore, a business analyst receives on average between 40,000 and 50,000 euros gross per year, i.e. 3,300 to 4,200 euros per month. The monthly salary of a business analyst varies as follows between 2600 and 3 200 euros net. A beginner in this field is paid about 2,000 euros per month. However, it is important to consider the salary evolution. For a senior profile with more than 20 years of experience, it is possible to have a gross salary of 100,000 euros per year.
What are the training courses to follow to become one?
A business analyst sits between the IT department and the operational departments. Therefore, a training technical (from the great engineering schools), a training in commercein finance or in computer science are the paths to follow to practice the profession. University degrees at the Master 2 level are preferred. However, a business analyst should ideally have experiences successful experiences in this field. In addition to this, there is a broad knowledge of the field, a great knowledge of the opportunities, perspectives and blocking factors of the profession. That said, professional training will help to identify the various issues.
Who are the main employers?
The occupation is in the field of auditing. Therefore, the employers are mainly made up of audit firms. It should be noted that some large companies that alternate this function are also interested in this profile.