Analyst Job Descriptions

Unlike in the yester years, today, there are different types of analyst jobs available in the market. Like for example, if you are planning to work as a data analyst, then quickly have a look at the duties and responsibilities of data analysts.

As the term itself suggests, data analysis implies collecting as well as analyzing data in order to improve a company’s marketing, insurance as well as other business practices. Business analysts are highly trained professionals and their duty is to make an analysis of the data by using mathematical calculations and computerized models. They are responsible for determining the risks involved in the business and gathering statistical information in order to find out how the company can alter its present business model for generating maximum profit. Since majority of the companies want to diversify or expand their business or improve their business practices, data analysis is gaining significant momentum today.

Roles and Responsibilities of Data Analysts

The process of data analysis can be broadly divided into four categories. They are data cleaning, initial analysis, main data analysis and finally, final analysis. Data cleaning implies removal of incorrect data. Secondly, initial analysis implies making an assessment of the quality of data. On the other hand, main data analysis means finding out the meaning of the data. Finally, final analysis means providing additional information. All these steps involved in the process of data analysis require extremely skilled professionals because each of these steps involves complex mathematical calculations as well as computerized models and only a highly qualified data analyst will be able to comprehend the algorithms as well as statistics that are used for predicting the actual meaning of the data.

Today, a lot of data analysts are getting lucrative job offers in several insurance companies. The main duty of a data analyst in an insurance company is to make an assessment of the actuarial tables in order to find out how the liability coverage should match with the current trends in the population. Moreover, risk assessment is one of the most important duties of data analysts working in insurance companies.

As far as eligibility is concerned, those who have an advanced degree in computer science, mathematics, statistics, economics or any other similar subjects can apply for the post of data analyst. In addition, the candidates should have good command over language as well as excellent communication skill since it is their duty to put the results of their statistical findings in simple words for their clients to understand.

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Are You Ready to Apply to Become a Certified Business Analyst?

Studying for one of the International Institute of Business Analysis (IIBA) certification exams is a big commitment, but first there is the application process. Documenting your experience can be a daunting task. The IIBA requires a certain number of overall business analysis experience hours as well as specific experience hours in several of the knowledge areas listed in the Business Analysis Body of Knowledge (BABOK). Professional development hours are also required. Here is the breakdown:

  • The Certification of Competency in Business Analysis (CCBA) requires 3750 hours of business analysis experience in the last 7 years. It also requires 900 hours in two knowledge areas or 500 hours in four knowledge areas.
  • The Certified Business Analysis Professional (CBAP) exam requires 7500 hours of business analysis experience in the last 10 years as well as 900 hours in four knowledge areas.
  • Both exams require 21 hours of professional development in the last four years.

A good time to start documenting your hours of experience is as soon as you decide you are interested in certification. You will need to track hours separately for each project you have worked on. In order to meet the standards on the IIBA certification applications, you will need the following information:

  • Project Name and description
  • A project contact – your manager, project owner or the project manager
  • Start and end dates for the project
  • Total hours spent on BA work during the project
  • Of the total hours, how many fall into each of the six BABOK knowledge areas

After you have done some initial recording of all of your BA work by project, you can evaluate the following to determine if you are ready to apply for certification:

  • Do you have enough hours to qualify for one of the certifications? If not, will you have enough in the next two months?
  • Does your breakdown by knowledge area meet the minimum requirements for the exam you want to apply for?
  • Can you meet the professional development requirements for the application?
  • Have you read the certification handbook on the IIBA website for the exam you want to apply for?
  • Have you read through the BABOK at least once?
  • Do you have two references who would be willing to recommend you for business analysis certification? They must be career managers, clients or current CBAP certification holders.

If you cannot answer yes to all of these questions, it is best to postpone starting your certification application until you can. You must take the exam within one year from when your application is approved. However, it is best to take it within six months so that you have enough time to take it again before your application expires if you do not pass on the first try.

Business Analyst Certification – Training For Top Salaries

If you have been in a position that you are unhappy with, then you have probably been asking yourself why it seems that some people get to move up so quickly, while others like yourself stay where they are. Instead of blaming yourself for not being lucky or blessed, you should actually start thinking strategically. The truth is that most people have the potential to earn top salaries, but they don’t know how to tap into that potential. The answer is to get the training that allows you to communicate with the executives and the leaders. This doesn’t mean that you have to spend thousands of dollars to go back to school. On the contrary, you can spend an affordable amount and get business analyst certification training today. It’s easy and invaluable.

The key to earning a top salary can be found in business analyst certification training. One of the first things you’ll learn in an online program is business communication. This is an essential skill for those who want to earn top salaries. The truth is that if you can’t communicate on the level with your bosses, executives, and team leaders, then they are not going to take you seriously. This is a sad truth of the business world, but it’s a truth nonetheless. A good training program will teach you the jargon. It will teach you how to treat your colleagues and your clients, that way you are taken seriously and treated with respect. You will become one of them, which is the first step to earning the top salary.

You will also learn the newest models and ideas in your business analyst certification training. This is incredibly important for those who wish to earn top salaries through promotions. If you want to become a valuable part of your team, you have to make sure that you can add new ideas to the conversation. You have to be able to spot problems and suggest viable solutions. If you don’t have the training then you are not going to be able to participate in this kind of discussion. You won’t know how to diagnose and analyze a business problem, and you won’t know which solutions have been proven to work.

Finally, business analyst certification training will help increase your confidence. When you work hard and achieve your certification, you will know that you are able to achieve your goals. Your employers and leaders will notice this confidence, and suddenly you won’t be just another face in the office.

Prepare a Quality Business Analyst Resume

A business analyst is a professional who has a deeper understanding of business processes, and utilizes such knowledge to help organizations succeed and move forward.

As part of the management, he or she helps organize the company to keep it profitable. He or she plays an important role in the corporate world, analyzing checks and balances to determine the current status of a business organization.

Understanding the job

Some of the activities of a business analyst include: identifying problems, formulating solutions, collecting data, preparing reports, conducting market analysis and risk management, implementing software and strategy development, managing projects, setting up anti-fraud system, and conducting cost control, among others.

Though it may vary from organization to organization, according to Modernanalyst.com, the business analyst might perform the following tasks: understand what the business does and how it does it, determine how to improve existing business processes, determine which tasks/steps to automate (get the requirements), design the features of IT system (create functional specifications), and implement the new features of the IT system (technical design). To obtain this job, a business analyst resume is necessary.

Qualities for the job

To be able to work effectively, Biznessmind.com believes business analysts need to possess the following qualities:

- They should be able to understand each business as a separate entity

- They should be able to understand the market that they are targeting

- They should be methodical in their thinking

- Business analysts should have great analytical skills that enable them to not only predict future market trends but to understand problems presented to them

- They should have the ability to think fast on their feet

- They should have great problem solving skills

- They should be good communicators in order to avoid confrontation with management and shareholders on the basis of poor communication

- They must work great with teams

- They should have leadership qualities that enable them to drive these teams toward getting results

- They should have the ability to take rejection of their proposals. Even after spending the whole night on a particular proposal, management can throw you out with it saying that it is nothing but rubbish… Okay that would be a little harsh but you should be able to take that in stride.

- Business analysts should be able to say what is on their minds and push for it.

- They should be able to find creative solutions to problems

- They should be innovative

- They should have data collection skills

- They should always be willing to learn new things

- They should be able to constantly do some re-evaluation of their methods constantly refining them

Need for resume

Capturing the interest of employers and hiring managers and convince them to set a job interview is what a business analyst resume is made for. It must consistently contain compelling descriptions about the applicant and a promise to deliver the best if hired.

A business analyst resume is most needed especially at a time when you are targeting a position in the corporate world where competition is becoming tighter than ever. There is no experience too small for someone who has the right skill and who can act professionally.

Tricks of Writing a Business Analyst Resume

If you are on the lookout for a totally new career like that of a business analyst, then you should be really sure on what to write in your resume and what to expect from the job. If you are making changes in your career path, then it is still more difficult. Transitioning from one career to the other is not an easy task.

But if tables are turned, the positives which can be expected from a business analyst career are that you can look forward to a really fulfilling and exciting career, lots of money out of your creativity etc. Personal fulfillment and growth can be expected from a analyst career. Whether you are a professional analyst or a new entrant into this field, you would have to devote enough time and be focused on getting prepared and ready for the new venture. Identify what you want out of the job and your expected salary.

This means you have to make a good and smart impression on the prospective employer and he needs to be convinced that he has made the right choice in selecting you. The recruiters needs to be convinced about the fact that there is not one better than you for this job.

The job of a business analyst is to understand and analyze the needs of a business, both small as well as large businesses. The business analyst has to come out with ideal solutions to the business problem. This job definitely calls for skilled professionals and hence drafting a professional business analyst resume becomes all the more important. Some tips on writing a professional business analyst resume is as follows:

The Human Resources Department of an organization would receive tons of applications for this post. Hence, the cover letter of the resume needs to be well structured and formatted so that the resume gets a chance to be read by the prospective employer. Make sure your cover letter draws the right attention by incorporating the requisite information.

In the first place, outlining the knowledge and skills required for the job has become important. Highlight that you are the right person for the job since you have all these skills by enclosing letters of appreciation received from the previous employer, relevant certificates to support the facts etc.

It is important for you to have a sound knowledge on writing a business analyst resume. You also need to have the requisite knowledge and skills for the post. Unless you have the confidence, you cannot expect the prospective employer to have confidence in you.

You must know the business processes just like the back of your hand. A thorough analyst would be well read about the subject and he would know everything about business process re-engineering. Highlight your experience and knowledge related to this in your resume as it would carry weightage. Your other capabilities like IT knowledge, knowledge of feasibility management and other relevant knowledge would come in handy. Do not overlook this.