What is a business analyst?
Business Analysis is the set of tasks and techniques used to work as a liaison officer among stakeholders in order to understand the structure, policies, and operations of an organization and to recommend solutions in order to enable the organization to achieve its set goals.
According to The International Institute of Business Analysis (IIBA) “A business analyst works as a liaison among stakeholders to elicit, analyze, communicate and validate requirements for changes to business processes, policies and information systems. A business analyst understands business problems and opportunities in the context of the requirements, and recommends solutions that enable the organization to achieve its goals.”
To perform the above listed duties, he first of all study the kind of Business environment he is in to, so as to bring about a good and reliable business analysis and as well as solution in line with the environment analysed.
Business Analysis is the practice of studying changes in an organizational context, by defining needs and recommending reliable solutions that deliver value to stakeholders.
Some qualities which a good business analyst should possess include:
- Good listening skills
- Openness to change
- Adaptability in multitasking
- Good speaking ability
- Expertise in prioritization, based on needs of multiple stakeholders
- Good negotiation skills, to seek timely buying on important decisions and prioritization from all stakeholders
- identifying process improvement opportunities which can lead to efficiency and output improvements, among others.
What is a business analyst salary?
Now talking about the remuneration of business analysts, this depends upon which path of business analysis career you choose to be. To give a picture of how profitable this job can be, you may likely take a look at the following:
Job Title Average Salary
Executive Sales Representative———————————- ₦160,000
Management Consulting Business Analyst————————– ₦109,000
SAP ——————————————————– ₦101,000
Solutions Architect Sales Representative————————- ₦92,000
Senior Business Systems Analyst——————————— ₦89,000
Systems Business Analyst —————————————-₦87,000
Senior Business Analyst—————————————— ₦86,000
Business Systems Analyst——————————————- ₦81,000
Business Intelligence Analyst———————————– ₦80,000
Technical Business Analyst —————————————-₦79,000
Business Analyst ————————————————₦76,000
Senior Credit Analyst ————————————————₦65,000
Associate Analyst ————————————————₦55,000
Administrative Analyst—————————————— ₦53,000