Our emphatic answer is even if one is a PMP, one should seriously consider CBAP.
The 3 key reasons are:
With more and more automation coming to play and tools performing most of the PM tasks the BA and PM roles are getting merged.
With changing market scenario it's always better to upskill and not get confined to a particular skill or role.
As one makes career progression in one’s professional life, the need for having diversified and multiple skills to move up the corporate ladder.
One should also learn human resource practices, finance, and accounting, legal and marketing in a leadership role. One with multiple skills and certifications become the obvious choice for the leadership role.
The good part is, having the project management experience will definitely be a big advantage to have a well-rounded career profile with business analysis skills added to it.
Here is a diagram that shows how PM and BA skills complement each other.
The other good part is lots of corporates recognize Certified Business Analysis Professional (CBAP) designation as part of their competency framework as well. Certified Business Analysis Professional (CBAP) certification comes from IIBA, Canada which is the indisputable leader in this segment has excellent recognition in North America, Canada, Australia, and all major economies. Hence getting geared to train and get certified for CBAP is one of the wisest career moves for a professional having project management skills and looking up to move higher in the career to a leadership position.
Having business analysis skills and being a CBAP will provide you an extra armor to fight in a volatile and uncertain world.
We have helped 300+ professionals in realizing their CBAP dream and can help you with this journey of yours. More information on our CBAP offering can be found at CBAP