What is Business Analyst (BA)? Career prospects of BA industry

A Business Analyst (also known as a BA) is a "Business Analyst". However, in Vietnam, this position is also more commonly known as "Business Analyst".

Those who work in the position of Business Analyst are responsible for analyzing and evaluating the entire business process of the company, identifying the problems and businesses that are facing and need improvement, thereby proposing specific solutions for the business. The most obvious value that a BA can bring is a clear view of the current state of the business and the systematization of what needs to be done for businesses and organizations to develop better.

In fact, a solution is not just a system, software, or a certain solution process. A solution can be anything that helps solve a problem or grow a business. From changing policies and processes in the business, or simply retraining the company's staff.

Contrary to what you often think, the profession of Business Analyst is not unique to the IT industry but is also quite popular in many other fields such as logistics and banking. Business Analysts will find it difficult to conclude alone, they will have to connect with a lot of stakeholders to come up with the most suitable solution. Stakeholders include anyone who contributes to the project such as the technical team, project sales, investors, partners, customers,...

2.1. Communication and relationship building

Since a BA job requires you to communicate with many people in many different departments, communication skills, and expanding relationships an extremely important skills. In addition to your professional communication style, you also need to listen carefully and confirm to make sure you understand the other person's intentions.

Business Analysts must always have good communication skills to be able to successfully organize and run meetings. Soft communication skills will make it easier for you to behave, negotiate, and come up with effective solutions. They also help you maintain strong relationships and expand relationships with others.

2.2. Sensitivity and in-depth professional knowledge

Business Knowledge is a group of knowledge related to the customer's business that BA practitioners must understand. You need to understand the basic concepts and principles such as General Ledger, Trial Balance, Chart of Accounts, Accounts Payable – Receivable in certain fields. With business acumen, BA practitioners will easily grasp knowledge in any field that they desire.

2.3. Data analysis skills and thinking

A business analyst needs to be able to analyze data, thereby distilling valuable information for businesses in developing business strategies. Once you have mastered your analytical skills, you can create and improve every idea positively, helping to bring more comprehensive results.

2.4. Skills in using tools

Among the soft skills that a Business analyst needs, the skill to use tools and software for work is also an indispensable skill. Besides the tools that allow you to work and interact with your team, you can also take advantage of tools that support independent work, self-thinking, and problem-analysis skills:

Here are some tools to help you improve your skills, such as:

• Modeling, such as Draw.IO, Microsoft Visio...

• Requirement tracking: Jira, Microsoft Teams/ VSTS, Trello, Slack...

• Designing: Balsamiq, Axure RP, Photoshop, PowerPoint.

• Data Query/ Reporting: SQL Server, Visual Studio, Crystal...

• Other additional tools: Screenpresso, and SDK for certain tasks...

As the definition of the industry mentioned above, Business Analyst is a field that requires professional knowledge, professional experience, and even technical skills for those who want to work in this position. No matter what field you are good at, you can study in groups such as:

3.1. Management Information Systems

When studying this major, you will be trained in key knowledge including:

• Economic

• Information Technology

• Management information systems and necessary soft skills

In addition, you will be equipped with knowledge of design, management methods and data analysis. Once you have a good grasp of the expertise related to economics and engineering, you will easily develop in this industry.

3.2. Information Technology - IT

The IT industry will include many specialties such as software engineering, computer engineering, information security, communications, and computer networks,... This industry will have the advantage of being a Business Analyst by having a clear understanding of information technology, how to build, operate, maintain, develop software systems, and directly participate in building software to solve practical problems.

3.3. Economics

Besides the IT and Management fields, you can choose to study Economics related to the fields of Accounting, Banking, and Finance. However, when choosing to study this group of majors, you need to add more IT knowledge to easily develop in the industry.

If you want to pursue this group of disciplines, you can choose to study at any school in the world. Depending on your level of study, personal capacity, and financial ability, you can choose any suitable study abroad destination.

You can search for Business Analyst (BA) training programs at IDP's website or contact IDP for detailed advice.

• Study Business Analysis in Australia

• Study Business Analyst in Canada

• Study Business Analyst in the UK

• Study Business Analyst in New Zealand

The development orientation for the business analyst industry will have many different directions depending on professional knowledge and career development goals. Basically, this industry can work in groups such as:

• Areas of operation: Learn and work deeply on the project, related to resources such as time, people, and costs. The positions that BA can choose to pursue are Project Manager, Product Manager, Program Manager, CIO...

• Management Field: BA Team Lead, BA Practice Lead, BA Program Lead and beyond BA Manager, Business Relationship Manager.

• Building strategies for businesses: Business Architect, Enterprise Architect.

According to reports from Payscale, BA's average international salary ranges from $65,573 per year. In Vietnam, the salary of a BA Fresher ranges from 10 to 15 million/month, Junior from 15 to 20 million, Senior from 20 to 40 million and 40 to 60 million is the salary for managers.

Above is detailed information about the Business Analyst industry, information about training schools and future job prospects. Hopefully, with the above information, you will easily find a course that suits your abilities and passions.

To learn and choose outstanding schools in the Business Analyst industry, you can contact IDP for free study abroad advice. In particular, IDP also supports you to actively search for schools and courses that are suitable for you to save time and research costs. All of this can be done online through Fastlane Features of the IDP Live app, which allows you to view and track the progress of your application for admission to your university.

Besides, IDP is ready to introduce a Study Abroad Scholarship for up to 100% for students who come to apply at IDP. You will be guided by experts on how to hunt for scholarships, practice interviews, complete student visa applications, and equip yourself with knowledge before you go to study abroad.

Contact IDP to start your study abroad consultation today!

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