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How to become an analyst

How to become an Analyst

by ceojem in Careers Paths 15/09/2016 0 comments

Want to become an Analyst? What Analyst Do

As an Analysts, you use will use  your expert skills in critical thinking to study and analyse different types of information, from complex numerical data and business reports to IT systems, marketing strategies, and surveys.

The work of an analyst helps to support an organisation to fulfil its overall business goals, and base on the outcome of their analysis eventually help to improve the quality of their services and product.

Likely area of specialisms for an Analyst include market research, data analysis, business analysis, investment analysis, and systems analysis.

The duties of an analyst vary from one job to another, however,  typical job description of an Analyst may include:

  • Carry out market research and liaising with clients to understand their goals
  • Storing and monitoring data using efficient database systems
  • Research and study information and figures
  • Studying IT systems, finding bugs, and drawing up plans for software improvements
  • Analysing data using statistical programmes, spreadsheets, and computer models
  • Use data to recognise areas for improvement and propose new processes
  • Writing reports and presenting findings to the business

Can I become an Analyst?

Apart from an analytical mind, as a good Analyst, you should also have excellent research and interpretation skills as well as, the ability to report and communicate complex information clearly to clients.

Also, your expert knowledge within your chosen specialism is usually required, as it will help you to come up with the best possible business solutions for the field you’re working in for example in finance or programming

And an excellent knowledge of Excel is essential .. and to become an analyst, you will need to be:

  • Excellent at solving problems
  • A tactful negotiator
  • Able to focus on small details
  • Very good at multitasking and prioritising
  • Able to focus on meeting deadline
  • Able to effectively manage time

Become qualified as an Analyst

The entry requirements may vary depending on the type of analysis you want to work in, though employers will in most cases look for candidates with a degree covering maths, statistics, economics or business studies, or computer based subjects for systems analyst jobs. Having relevant work experience will also be advantageous,  some companies may ask for specific qualifications in analysis or additional postgraduate qualifications.

Business Analyst (Unspecified Type) Salary  (United Kingdom)

A Business Analyst (Unspecified Type) earns an average salary of £32,397 per year. Most people move on to other jobs if they have more than 20 years’ experience in this career. Pay for this job rises steadily for more experienced workers, but goes down noticeably for employees with more than 20 years’ experience.

£23K
£32K
£51K
Median: £32,396
National Salary Data (?)
£0 £19K £38K £57K
Salary £23,056 – £50,561
Bonus £0.00 – £7,089
Profit Sharing £1.01 – £3,973
Total Pay (?) £23,536 – £54,119
Country: United Kingdom | Currency: GBP | Updated: 17 Mar 2016 | Individuals Reporting: 1,097

Common Career Paths for Business Analyst (Unspecified Type)

Business Analyst (Unspecified Type), Business Analyst, IT Project Manager, Information Technology (IT), Senior Business AnalystSr. Business Analyst (Computer Software/Hardware/Systems), Management Consultant, Senior Project Manager IT, Senior Strategy Manager, Business Development Manager, Project Manager Information Technology (IT), Program Manager IT , Project Manager Software Development, Program Project Manager

Popular Skills for Business Analyst (Unspecified Type)

This list show the most popular skills for Business analyst and the effect each skill has on pay.

  1. Business analysis – median salary £35,000
  2. Project management – median salary £35,000
  3. Data analysis – median salary £33,000
  4. Microsoft office – median salary £33,000
  5. Microsoft excel – median salary £ 32,000

Related Jobs

Business Analyst, Finance/Banking
Business Analyst, IT
Business Development Manager
Business Intelligence (BI) Analyst
Business Manager
Information Technology (IT) Consultant
Management Consultant
Operations Manager
Project Manager, Information Technology (IT)
Senior Business Analyst

Skills That Affect Business Analyst (Unspecified Type) Salaries

Change Management
up arrow6%
Project Management
up arrow4%
Business Analysis
up arrow2%
Requirements Analysis
up arrow2%
Microsoft SQL Server
up arrow1%
SQL
0%
National Average
₤34,000
Data Analysis
up arrow2%
Financial Analysis
up arrow2%
Process Improvement
up arrow3%
Microsoft Word
up arrow3%
Microsoft Office
up arrow4%
Windows Operating System General Use
up arrow4%
Microsoft Excel
up arrow5%
Business Process Engineering
up arrow5%
Database Management & Reporting
up arrow25%

Experience Affects Business Analyst (Unspecified Type) Salaries

Experienced
up arrow36%
Late-Career
up arrow28%
Mid-Career
up arrow16%
National Average
₤34,000
Entry-Level
up arrow6%

Years of Experience

Less than 1 year
7%
1-4 years
55%
5-9 years
26%
10-19 years
11%
20 years or more
2%

Job Satisfaction

Highly satisfied

Rated 4 out of 5
based on 130 votes.

 

How to become an Analyst

www.skillsrecruitment.co.uk

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