Business Analytics Career And Scope

Business Analyst: Business analysis is the set of tasks and techniques used to work as a liaison among stakeholders in order to understand the structure, policies, and operations of an organization, and to recommend solutions that enable the organization to achieve its goals. Business Analysis is the practice of enabling change in an organizational context, by defining needs and recommending solutions that deliver value to stakeholders.
Business Analyst is a promising career compared to rest of the other jobs in the market for beginners. You should feel fortunate if you bag this job early in your career.
Since BA is a techno functional role the career progression is much faster compared to Software development.
The Business Analyst position is still in its relative infancy and it has a VERY bright future!  I know that doesn't directly answer your question, but I hope it helps.

The present Business Analyst

The 21st century business investigator's reality is multifaceted. As a middle person, arbitrator, connector and diplomat, the business investigator must unite the business needs with IT assets. Effective business examiners have a tendency to be clear communicators, smooth facilitators, exact analyzers and cooperative individuals. Additionally, the perfect examiner has the flexibility of different business capacities, for example, operations, fund, building, innovation or design.

What Does a Business Analyst Do?

In today’s complex business environment, an organization’s adaptability, agility, and ability to manage constant change through innovation can be keys to success. Traditional methods may no longer lead to reaching objectives when economic conditions are unfavorable. That’s where business analysis comes in. Corporations achieve goals through projects that translate customer needs into new products, services, and profits. Business analysts can make it all happen more efficiently and effectively.

The business analyst's primary objective is helping businesses implement technology solutions in a cost-effective way by determining the requirements of a project or program, and communicating them clearly to stakeholders, facilitators and partners

 Beginning Your Career as a Business Analyst

Starting business examiners need either a solid business foundation or broad IT learning. With that, you can begin to act as a business examiner with work duties that incorporate gathering, dissecting, discussing and recording necessities, client testing craters. Section level occupations may incorporate industry/space master, designer, or potentially quality affirmation. Inside a couple of years you could turn into a Subject Matter Expert (SME). This is an ideal opportunity to dig into the regions that intrigue you most and build up those territories that can enable you to advance into higher administration positions.

The amount Do Business Analysts Make?

Are you wondering if your business analysis career goals make sense financially?  Considering switching careers and wondering if you’ll take a short-term salary hit? Simply looking to find out what salary a business analyst makes?
      Entry Level: $40,000 to $70,000 with up to an 8 percent bonus

      Mid Career: $55,000 to $95,000 with up to a 10 percent bonus

      Senior Level: $70,000 - $150,000 with up to a 10 percent bonus

      Overall U.S. Average: $45,000-$110,000 with up to a 10 percent bonus

Career in Business analyst :

1.      A role which can't be automated. Hence your job is secured

2.      Human touch is base for this job so your soft skill will definitely improve and this will help you to move ladder quickly

3.      No threat to this position due to technology advancement like how testing / development facing problems

4.      People oriented I.e your interactions will be more with human rather than systems , hence this kind of jobs can't be replaced by any robot software and your work will be satisfactory.

5.      Once u gain knowledge you can become Project manager, Functional consultant, product owner / analyst, Pre sales consultant, not to surprise you can even become IT PMO in organization since you have more exposure across SDLC.

6.      You can shift to Business analytic field if you love to play with data.
So what next now?

This is a very broad guideline for the career progression of a BA.
However having said that it depends on the person’s interest, domain/technical knowledge, interest to learn new concepts and risk taking ability which determines largely the career progress.
If you are risk taking and open to learn new concepts/domain you can change your domain and move to new field and establish yourself to be a good player in the field. This gives you a good exposure and makes your career prospects broader. That makes you a good candidate for a senior executive position.
If you love what you are good at and aim to become an expert in the same without changing gears then you can master your domain including getting into other areas in the same domain. This can include having a good hold on the tools and products prevalent in the domain. This can make you a great specialist and unique in the field, which is invaluable for your career. You can make yourself a great consultant in the particular field and can think of working with multiple clients to give them a part of your time and expert guidance. In return this gives you the flexibility and the rich experience of working with multiple clients.

There is no better time than now to start something good.