India has the highest demand for Business Analysts in the world. India's leading companies including Reliance Industries, State Bank of India, Tata Motors, Rajesh Exports and international corporations such as Amazon, Google, Samsung, Shell, HSBC, FlipKart and Gameberry, are currently hiring Business Analysts in India. But how do you start out in this exciting and lucrative role?
What is a Business Analyst?
You might have heard the term Business Analyst (BA), or perhaps spotted some of the increasing number of job adverts that are appearing for this role across India; but what does a Business Analyst do?
There are several professional organisations that provide advice and support to BA professionals, including the International Institute of Business Analysis who says “Business Analysis is the practice of enabling Change in an organisational context, by defining needs and recommending solutions that deliver value to stakeholders”.
Gartner says “Business Analysis (BA) is comprised of solutions used to build analysis models and simulations to create scenarios, understand realities and predict future states.”
In essence, Business Analysis help businesses do better!
Business Analysts identify changes required in the organisation and facilitate these changes to deliver maximum value to the stakeholders. They work across all levels of the organisation and help to bridge the gap between the business and IT, effectively communicating the story of strategy and shaping it into the reality of development.
The role of the Business Analyst is becoming more prominent in the digital world where advancing technology enables an organisation to use data to shape and guide their future. The Business Analyst is responsible for 'crunching' this data to provide actionable insights to the business.
Top organisations are hiring Business Analysts in India
How much do Business Analysts earn in India?
Business Analyst's are highly valued and are often the highest paid professionals in corporate organisations. But as well as spring-boarding individuals to the strategic side of the business, the Business Analyst is a well respected and highly paid role.
The average entry-level Business Analyst salary in India is INR 6,44,857 annually, with more experienced professionals earning between INR 25,00,000 and INR 40,00,000.
A quick search on social media revealed 5000 organisations, including Amazon, Deloitte and the Nissan Motor Group, are currently seeking to recruit all levels of Business Analysts in India.
What do employers look for when hiring a Business Analyst in India?
APMG India has helped to deliver skills and knowledge into leading organisations for over a decade, including Business Analysts. Here are seven key skills and competencies which employers look for when hiring a Business Analyst:
- In-depth knowledge of Agile process and principles.
- An authority who listens, collaborates and builds relationships with IT and other multi-functional teams to deploy strategy.
- Can demonstrate expertise and proficiency when delivering analytics-based insights.
- Provides thoughtful leadership and influences executive-level decision making through deep analytical insights, embedding data & analytics into reportings.
- Conducts business performance audits to identify and size opportunities for growth and efficiency.
- Understands how to automate repeatable and ad-hoc analyses to measure and interpret business trends and inform business partner decisions.
- Able to deliver today and build future-proof solutions.
