As a business analyst, you are independent of specific specialist areas. Your tasks: Identifying problems, finding solutions and communicating the required implementation processes. In addition, support with change processes, performance measurement and optimisation also belong to your field of activity. In short: You are the fitness trainer for the company.
Business analysts coordinate different departments within the company to increase the efficiency of internal and external processes. Although business analysts work across industries, they can definitely benefit from special qualifications. The labour market offers good prospects especially for analysts who specialise in data analysis, the improvement of the customer experience and in resource planning. A broad knowledge of methods plus detailed specific knowledge is required. Currently, business analysts are particularly in demand in the areas of online trading, consulting and technology services, logistics, system houses, financial services and in Life Sciences.
Business analysts have a wide variety of tasks in a changing world of work, acting as an interface between management, IT, human resources, production and customer service. The requirements are high and include not only basic knowledge of data processing as well as language and communication skills, but also the ability to build, lead or coordinate teams and projects if necessary.
The tasks of business analysts include the analysis of the situation, the provision of a clear outline of the problems and the subsequent elaboration of solution strategies in consideration of the views, problems and wishes of all stakeholders.
Business analysts must be able to analyse new situations and environments quickly and systematically. For this purpose, they must master the methods of problem analysis and problem solution regardless of the industry-specific requirements. At the same time, they need to be well acquainted with the respective market, the company's business environment and the relevant technologies. With good language skills, business analysts can also develop areas of responsibility in a global business environment.
In addition to professional competence, a high degree of soft skills is required – this includes communication skills and team spirit, a sense of responsibility and leadership qualities.
The salary of business analysts depends on the industry, but also on the respective professional experience, additional qualifications and references. The average starting salary is EUR 40,000 per year, but it can rise to EUR 60,000 to EUR 90,000 later on.
