What is the Career Path for an MBA Business Analyst
Business analysis is a professional discipline
of identifying business needs and determining solutions to business problems. Solutions often include a software-systems development component, but may also consist of process improvements, organisational change or strategic planning and policy development. The person who carries out this task is called a businessanalyst or BA.
Business analysts do not work solely on developing software
systems. But work across the organisation, solving business problems in consultation with business stakeholders. Whilst most of the work that business analysts do today relate to software development/solutions, this derives from
the ongoing massive changes businesses all over the world are experiencing in their attempts to digitise.
Although there are different role definitions, depending upon the organisation, there does seem to be an area of common ground where most business analysts work. The responsibilities appear to be:
· To investigate business systems, taking a holistic view
of the situation. This may include examining elements of the organisation structures and staff development issues as well as current processes and ITsystems.
·
To evaluate actions to improve the operation of a
business system. Again, this may require an examination of organisational structure and staff development needs, to ensure that they are in line with any proposed process redesign and IT system development.
·
To document the business requirements for the IT system
support using appropriate documentation standards.
In line with this, the core business analyst role could be defined as an internal consultancy role that has the responsibility for investigating business
situations, identifying and evaluating options for improving business systems, defining requirements and ensuring the effective use of information systems in meeting the needs of the business.
What is a Business Analyst?
A Business Analyst is a person who helps businesses to analyze their processes, products, services, and systems to improve current processes and make profitable decisions through insights and data analysis. A Business analyst also helps organisations to document business processes by assessing the business model and its integration with technology.
Who is a Business Analyst?
Business Analysts have emerged to have a key role in recent business scenarios. Some people think that the role of a Business Analyst is to make money for the organisation, which may not be true in a direct context. But indirectly, the action and decision taken by Business Analysts do leave an impact on the financial prospects of the organisation.
What does a Business Analyst Do?
A primary job responsibility of a Business Analyst is to communicate with all stakeholders & to elicit, analyse and validate the requirements for changes to business processes, information systems, and policies.
A professional business analyst plays a big role in moving an organisation toward efficiency, productivity, and profitability.
Before we jump into the tutorial, we will see some basic perspective of a Business Analyst to help the organisation succeed. The foremost priority for any business analyst will be to try understanding following things
Understand what business does and how it does
Determine how to improve existing business processes
Identify the steps or tasks to support the implementation of new features
Design the new features to implement
Analyse the impact of implementing new features
Implement the new features
Next in this Business Analyst basics tutorial, we will learn about Business Analyst roles and responsibilities.
Business Analyst Roles and Responsibilities
Business Analysts can be from any sector, and the role differs based on the sector. Business Analyst are classified into various categories like
Business Analyst
Business Process Analyst
IT Business Analyst
Business System Analyst
System Analyst
Data Analyst
Functional Architect
Usability or UX Analyst
Skills of a Good Business Analyst
Basically, Business Analyst skills are judged on these four attributes:
Analytical skills– An outstanding analytical skill will separate out a good business analyst. A good part of a BA role includes basics of business analysis, analysing data, workflow, user or stakeholders’ inputs, documents, etc.
Leadership skills– One of the Business Analyst responsibilities is directing team members, forecasting budget, helping team members with the problem, etc.
Business process and planning– Planning the project scope, understanding and implementing requirement of project, identifying resources required for the project and so on
Technical skill– If a business analyst is in the IT sector, few technical aspects are expected to know like operating systems, hardware capabilities, database concepts, networking, SDLC methodology, etc.
Certifications
As per the International Institute of Business Analysis (IIBA), CBAP (Certified Business Analysis Professional) certification is a recognized certificate for a professional Business Analyst. They provide two types of certifications. The certification exam is computer based and consists of multiple-choice questions.
Certification of Competency in Business Analysis: Prerequisite for this certification is at least 3750 hours of work experience
Certified Business Analysis Profession (senior level): Prerequisite for this certification is at least 7500 hours of work experience
Jobs
Job prospects for Business Analyst requirements rise every year, especially for the IT sector. The average salary of a business analyst is estimated around $80,000 – $130, 000, even at entry level.
The International Institute of Business Analysis (IIBA) is growing exponentially indicating increasing demand for Business Analysts. Business Analysts always remain an organisation priority since they have to work in a close proximity to top executives, clients, and stakeholders.
According to the U.S Bureau of Labour Statistics, the BA jobs are predicted to increase by 19% between 2012 and 2022.
Business Analyst introduction: The business analyst role is promising and has to deal with different layers of an organisation. Business analysts are classified into various categories like Business Process Analyst, IT Business Analyst and so on.
Business Analyst meaning a person who helps businesses to analyse their processes, products, services, and systems to improve current processes and make profitable decisions through insights and data analysis.
A good business analyst should encompass skills like
· Analytical skills
· Leadership skills
· Business process and Planning
· Technical Skills
Various tools that can help Business Analysts are Top Team Analyst, SmartDraw, Blueprint, etc.
Online certification course for BA available by recognized institute IIBA
According to the U.S Bureau of Labour Statistics, the BA jobs are predicted to increase by 19% between 2012 and 2022.
What Does an Aviation Analyst Do?
An aviation analyst collects and analyzes data about the overall performance of a specific airline or the aviation industry as a whole. When it comes to implementing new safety procedures and developing ways to improve efficiency, airlines and government regulators use this information. An aviation analyst typically needs a bachelor’s degree in aerospace engineering or a pilot’s licence.
Airline analysts are frequently tasked with determining efficiency. These people figure out how much fuel is used on specific routes and whether fuel costs can be cut by changing routes or lowering weight loads. The average time it takes the ground crew to prepare an aircraft for take-off is also calculated by an aviation analyst. Analysts compare information about a specific airline with data about the industry as a whole. They are frequently tasked with identifying issues that cause delays and making recommendations to improve overall efficiency.
Analysts are employed by both regulatory agencies and individual airlines to review safety data for various types of aircraft. Regulatory analysts can notify authorities when an airline’s safety record falls short of industry minimums. An airline’s aviation analyst must try to identify potential safety issues before they become widespread and potentially life-threatening. Analysts often use statistical data to show that certain types of aircraft are more likely to be involved in crashes than others in airline investigations.
Aside from reports on efficiency and safety, an aviation analyst may look at data on ticket sales and passenger volume. An analyst for a specific company might collaborate with a marketing firm to conduct research into the causes of increases and decreases in airline traffic. An analyst may be asked to prepare a report predicting the likely impact of ticket price increases on sales if a company is considering raising ticket prices. Analysts typically make predictions about future traffic volumes based on data from previous sales. Analysts must also consider general economic factors like recessions or periods of inflation, as well as the impact these economic conditions can have on the airline industry.
Because knowledge of aircraft is essential for anyone preparing a report relating to mechanical or safety issues, an aviation analyst should have a background as a pilot or an aviation related degree. Analysts who are primarily concerned with an airlines or the industry’s financial performance typically hold a bachelor’s degree in economics, finance, or accounting. Many analysts have a background in both aviation and finance because they review data from all aspects of the industry.
Who is working in the aviation domain as a business analyst? What will be their role? How is the scope of a business analyst in the aviation domain?
For the purpose of responding to this question, let’s put some context into place. In every industry/domain, there are the core business functions and supporting functions. So, in the aviation domain (assuming you’re referring to the passenger airline industry), the core business functions would include flight planning/scheduling, passenger bookings, inventory management, etc. Supporting functions will include payroll, finance, HR, etc.
The day-to-day responsibilities of a BA will be pretty much the same across all industries. You will conduct workshops/interviews to elicit requirements. There will be validation walkthroughs. Some projects may be run in Agile or traditional waterfall. There will be scope creep. There will be challenging stakeholders you’ll need to manage. No different from anywhere else.
The actual differences (and the same with other domains) based on my time in that industry are:
· Industry-specific terminology;
· Union influence/involvement if your project touches on people impact (may not apply to all);
· Major flying perks so pretty much everyone I have interacted with have been to many places.
Shriya Kumari [MBA HR]
Manager HR
Aircrews Aviation Pvt. Ltd.
https://shriyakumari99.vcardinfo.com
https://www.portrait-business-woman.com/2022/09/shriya-kumari-mba-tcoer-s-human.html
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