3 Things You Should Know About Becoming a Business Analyst

If you’re talented with quantitative analysis, have an eye for details and are well organized, you may be thinking about pursuing a career in business analytics. Business analysts can find work across multiple sectors and their positions tend to be stable, lucrative and often prestigious. Whether you’ve just completed an undergraduate business degree or are looking to pursue your MBA, there are analytics positions with different levels of seniority that you could be well suited to. If you’re still on the fence about whether a career as a business analyst is right for you, this article can help you make the right choice for your professional future. Here are some of the key things you should know about pursuing a business analyst career.

3 Things You Should Know About Becoming a Business Analyst

1. You Can Work in Several Sectors

If you enjoy critical thinking and quantitative analysis but aren’t quite ready to commit to a particular industry or specialization just yet, you’ll be happy to know that business analysts can typically find employment and career opportunities across multiple sectors. Whether you’re interested in healthcare, insurance, nonprofits and even government agencies, your skills in helping reduce risk and break down complex data can be invaluable. This means that you’ll be free to move around between industries and learn new things while you search for the field that you enjoy the most.

2. Opportunities Are Growing

If you’re afraid of entering a stagnant field and hitting a wall professionally, you won’t have to worry with the field of business analytics. The Bureau of Labor Statistics recently projected that management analyst roles will grow about 14% over the next decade, meaning you’ll be able to find opportunities for years to come. This makes sense, since business analysts improve business efficiency, make them more cost-effective and provide valuable insights that can help companies thrive.

3. You Can Fill a Variety of Roles

When you start a career as a business analyst, you’ll have the opportunity to continually build on your skillset and even transition into related roles over time. For instance, you could find work in data management, information technology, data science, data visualization and machine learning. If you develop serious skills with big data analytics, you could even transition your business career into a research scientist or data scientist role later on. When you work as a business analyst, you develop competencies that are valuable within the business world and beyond, making you indispensible no matter where you choose to work.

If you’re looking for a stable, well-paid career that uses your quantitative analysis and critical thinking skills on a daily basis, you may want to add the role of business analyst to your short list. These professionals are essential in helping companies of all sizes and structures mitigate risks and boost profitability, and work is often available across multiple industries. If you’re debating whether becoming a business analyst is right for you, keep these key facts in mind and you’ll be sure to make the best decision for your professional future.

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