While business analytics offers a wide range of opportunities, it can be difficult for graduates or students to understand the possible roles they will soon be filling. We'll try to explain what roles and responsibilities you're likely to have, and what salary you can expect as an average after several years of experiencee.
Job, career and Salary
Degree requirements
Many opportunities require a master's degree in information technology or a related field. Other positions prefer proven experience in information technology business analysis to educational requirements. Most of the positions will require the business analyst to work directly for a company, while others will work for an office that provides analytics support to a wide range of businesses.
Roles and responsibilities
Successful graduates can fully expect to work in information technology project development teams in a broad range of environments and organizations. The projects covered with this degree will include collecting, managing, analyzing, and acting on business data.
Additionally, graduates may be involved directly in the analysis of specific data sets or operational strategies and decisions. Graduates will work in all industries of employment, including consulting, consumer products, finance, government, healthcare, information services, retail, technology services, and transportation/logistics.
A business analyst, IT, concentrates on enhancing business operations involving information technology in an enterprise. The Business Analyst provides advice to management in an effort to help the business achieve greater operational efficiency.
The IT Business Analyst will conduct an analysis of the IT hardware, software, and services used in a business. Reviews will need to be performed to determine areas for improvement. It is critical to have a solid background in research in order to identify the latest key trends and opportunities.
The analyst then reviews the output and makes suggestions for changes to the company's IT policies, structure and operations. As problems are uncovered, the analyst must apply problem-solving skills to identify a resolution. Once solutions are implemented, the analyst must continue to oversee them to analyze their efficiency and make improvements on an ongoing basis. Familiarity with SQL is important in order to analyze data from databases. The business analyst must be able to perform analyses, such as benefit-cost evaluations. Consequently, strong math abilities are a must. Reporting and other presentation abilities are significant in presenting results to top management.
Business Intelligence and analytics management salary
Is Business Analytics high paying ? Is Business Analytics a good career ? Here are some job titles and average total compensations do that you can make your own idea of Business Analytics job market.
Job titles and salary
Here are the job titles you can look for with your Business Analytics degree, with average salary observed within the industry. Base salary will therefore be lower, however the average salary will show you what to expect on the long-run when working as a business analytics or information technology employee :
Applied Statistician
Applied statisticians are responsible for everything from collecting the right data to analyzing the data (or leading the analysis) and reporting the results. They interact closely with other technical and management staff and, ideally, are an integral part of the project team. Average total compensation $87,000 in the United States
Business Analyst
The Business Analyst is responsible for bridging the gap between IT and the business by using data analytics to assess processes, identify needs, and provide data-driven recommendations and reports to executives and stakeholders.
He/She works with business leaders and users to understand how data-driven changes to processes, products, services, software, and hardware can improve efficiency and add value. Business Analyst must articulate these ideas, but also weigh them against what is technologically feasible and financially and functionally reasonable.
Depending on the role, you may work with data sets to improve products, hardware, tools, software, services, or processes. Average salary for a business analyst is $77,000 in the United States
Computer Security Specialist
Computer security specialists are IT professionals who use their skills to prevent cyber attacks on corporate information systems. They implement and maintain security systems, respond to privacy breaches, and train staff on security protocols. Average salary $88,000 in the United States
Computer Systems Analysts
IT systems analysts use their knowledge of information technology and business to design better IT systems and processes for their clients. While these professionals have many responsibilities, their first task is to understand their client's business, whether it's a Silicon Valley organization or a Wall Street firm. In particular, they will want to know how the organization uses technology. Analysts will then look for the best technologies to help the organization's overall IT system - the hardware, software and networks - run more efficiently.
But their work doesn't stop at research. These professionals also use their business acumen to prepare an analysis of the costs and benefits of upgrades. And if management approves the upgrades, computer systems analysts oversee the installation of the new systems. They also test the systems and train their organizations in their use. Average salary $93,730
Operations Research Analyst
Operations research analysts are high-level problem-solvers who use advanced techniques, such as optimization, data mining, statistical analysis, and mathematical modeling, to develop solutions that help businesses and organizations operate more efficiently and cost-effectively. Average salary $86,000
Risk Analyst
Risk analysts work closely with organizations to audit financial risks, for instance business costs and investments, and focus on the reduction of unnecessary costs involved. These professionals usually work for investment firms, banks, insurance companies, accounting firms, etc.
Risk analysts examine the current market scenario and make necessary predictions regarding the future of the business considering the past and present economic trends. Average salary $75,000
Statistical Analyst
The Statistical Analyst is in charge of organizing, analyzing, and communicating data gathered from a variety of sources, using a diversity of visualization and business intelligence tools to provide a clear comprehension and reporting of data to help organizations make wise decisions.
Statistical analysts work in a variety of organizations, including research institutes, voluntary organizations, laboratories, manufacturing companies, retail businesses, and more.
The statistical analyst job description often includes designing, building, maintaining, and deploying data sources used for Tableau development throughout the organization. Average salary $70,000
Systems Analyst
The systems analyst specializes in the analysis, design, and implementation of information systems. Systems analysts evaluate the suitability of information systems for desired outcomes and liaise with end users, software vendors, and programmers to achieve those outcomes.
A systems analyst is a person who uses analytical and design techniques to solve business problems using information technology.
Also, Systems analysts can serve as change agents who identify needed organizational improvements, design systems to implement those changes, and train and motivate others to use the systems. Average salary $70,674
Thank you for your attention, our team here at International Institute in Geneva will be happy to answer your questions, do not hesitate to contact us at master@iun.ch