According to IIBA’s Business Analysis Body of Knowledge v3.0 (BABoK®), business analysis is the practice of enabling change in an enterprise by defining needs and recommending solutions that deliver value to stakeholders.Business analysts, therefore, understand the problems and goals of an enterprise, analyze needs and solution, devise change strategies, drive change, collaborate with stakeholders and also advise organizations on improving efficiency, finances, and various other aspects of the business.
While entering the field of business analysis, a broad understanding of businesses and specific knowledge of business processes is desirable. A good understanding of technology and business will enable a business analyst to be successful in his/her career as the role involves a lot of interaction with the business side as well as the technical side.
When it comes to business analyst qualification, a bachelor’s degree is desirable. Organizations may prefer candidates in business administration or related degree for entry-level positions, but it is not really mandatory. A bachelor’s degree in business administration includes knowledge in communication, accounting, business, law, and other specialized streams. Occasionally employers also prefer candidates with a Master’s degree.
The most popular route into business analysis without a degree is to transfer from a role in a related field. Many successful BA’s have started their careers in any department of the organization like - business management, human resources, information technology, or related fields and gain work experience. Once they have gained enough professional experience, candidates can apply for entry-level positions as a business analyst.
Along with a degree and experience, getting a Business Analyst certification carries a lot of weight with organizations and also helps the candidate to acquire the requisite knowledge and meet their professional goal. Certification can improve overall performance, remove uncertainty and widen market opportunities. A certified business analyst has a broader perspective of the BA techniques and approaches. It also shows commitment, as preparing for these certifications and clearing the exam is not an easy task. Organizations also recognize individuals for the hard work and commitment which the candidate has put into it.