Review current business processes to reinforce strengths and catch flaws.
$60,000 - $76,211
What does a Business Analyst do?
Business analysts look over the operations and structure of a company and help to streamline and improve that structuring. Companies are all about efficiency and maximizing profit, so it’s the job of business analysts to help make that possible: They take the bones of a company, and help improve upon their business strategies to create more income.
When you’re a business analyst, you’re approached every day with a new set of challenges, so you need to do a lot of brainstorming and figuring out where this new challenge is similar to problems you’ve conquered in the past. To do this you should have technological expertise and a business sense, a head for numbers, and a penchant for the financial market.
But, surprisingly, you don’t need to be an expert in business operations to do well here. You need to know the basics, and then you just need to be smart—you are paid to see what makes sense and what doesn’t to figure out where strategies are working and how to change the ones that aren’t.
For example, you might be called in to help a business that is struggling to reach users of a new technology device. The company has access to the new device, but doesn’t know how to incorporate it into their brand which they need to do to reach the users. You come in, research the device, analyze the market, and figure out what makes financial sense for the company to do. That and other like problems are what you tackle on a daily basis.