Role Description

Technical > Business Analyst

Salary National Average

Low Medium High
70970.0000 82620.0000 92070.0000

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Candidate Supply: 24,047 Job Openings: 5,621

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Short Description:

A Business Analyst is responsible for analyzing business processes, identifying areas for improvement, and providing data-driven recommendations to enhance efficiency and effectiveness. Their duties include gathering and interpreting data, collaborating with stakeholders to understand business needs, and developing solutions to optimize operations, systems, or products. Business Analysts often create detailed reports, process models, and project documentation to support decision-making. Strong analytical skills, communication abilities, and a deep understanding of business processes are essential for success in this role, as Business Analysts play a critical role in driving strategic initiatives and improving organizational performance.

Duties / Responsibilities:

  • Analyze competitive market strategies through analysis of related product, market, or share trends.
  • Synthesize current business intelligence or trend data to support recommendations for action.
  • Communicate with customers, competitors, suppliers, professional organizations, or others to stay abreast of industry or business trends.
  • Manage timely flow of business intelligence information to users.
  • Collect business intelligence data from available industry reports, public information, field reports, or purchased sources.
  • Identify and analyze industry or geographic trends with business strategy implications.
  • Analyze technology trends to identify markets for future product development or to improve sales of existing products.
  • Generate standard or custom reports summarizing business, financial, or economic data for review by executives, managers, clients, and other stakeholders.
  • Identify or monitor current and potential customers, using business intelligence tools.
  • Maintain or update business intelligence tools, databases, dashboards, systems, or methods.
  • Maintain library of model documents, templates, or other reusable knowledge assets.
  • Create business intelligence tools or systems, including design of related databases, spreadsheets, or outputs.
  • Conduct or coordinate tests to ensure that intelligence is consistent with defined needs.
  • Disseminate information regarding tools, reports, or metadata enhancements.

Skills / Requirements / Qualifications

  • Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
  • Active Learning: Understanding the implications of new information for both current and future problem-solving and decision-making.
  • Speaking: Talking to others to convey information effectively.
  • Judgment and Decision Making: Considering the relative costs and benefits of potential actions to choose the most appropriate one.
  • Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Time Management: Managing one's own time and the time of others.
  • Writing: Communicating effectively in writing as appropriate for the needs of the audience.
  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Social Perceptiveness: Being aware of others' reactions and understanding why they react as they do.
  • Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
  • Coordination: Adjusting actions in relation to others' actions.
  • Mathematics: Using mathematics to solve problems.
  • Monitoring: Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Persuasion: Persuading others to change their minds or behavior.
  • Learning Strategies: Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.

Job Zones

  • Title: Job Zone Four: Considerable Preparation Needed
  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, art directors, and cost estimators.
  • SVP Range: (7.0 to < 8.0)
     

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