business analyst jobs in canada

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business analyst jobs in canada
business analyst jobs in canada

everything you need to know about being a business analyst

A business analyst plays a vital role in helping a company to function efficiently. While their role can vary widely, their main role is to analyze a general or specific business function, internal documentation, processes, systems, and business models to help companies run as efficiently as possible, helping them improve their bottom line and achieve their strategic objectives.

Depending on your role and title, the industry and the company you work for, you could focus on strategic planning, process design, systems analysis, business model analysis, technology efficiency or other more specific business functions. Common titles associated with business analyst jobs include business process analyst, data analyst, systems analyst, and IT business analyst.

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average business analysts salaries in canada

average buiness analyst salaries in canada

Since your role, responsibilities, and titles can vary widely, a business analyst salary also varies. Newly hired business analysts can expect a starting salary between $45,000 and $55,000, while senior business analysts can command a salary of up to $100,000 per year. The average salary for this position is about $65,000. At the executive level, annual salaries start at more than $100,000.

As with most jobs, the size of the company, your role and the city where you work will factor into salary expectations.

 

 

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what business analyst jobs entail

Business analysts typically work in an office setting, in a cubicle or personal office, using a computer. This is normally a 9 to 5, Monday through Friday position, but more time can be required to meet deadlines. A variety of businesses and industries use the skills of a business analyst, meaning you can work for almost any company in any industry.

This position generally reports to senior-level management such as a department manager or vice president, but this can vary by company.

your day to day tasks

The duties of a business analyst are varied. They analyze an organization's business or IT systems and data, and recommend changes to increase the overall efficiency and effectiveness of a department or an entire company. This includes:

  • identifying the need for change
  • assessing the impact of changes
  • documenting the change requirements and ensuring the changes occur
  • creating tangible benefits to the organization
  • prioritizing business requirements
  • implementing business solutions

where you can work

Business analysts are required by all sized companies in all industries. However, many business analyst jobs are found in finance, banking, government agencies, insurance, and technology – an area that is on the rise as technology advances and becomes an increasingly entrenched part of the business world. Large cities such as Toronto, Kitchener/Waterloo, Vancouver and Montreal are areas that offer business analysts a lot of opportunities due to the large technology presence.

what you bring to the table

A business analyst requires a high degree of business acumen. Business analysts are problem solvers, excellent communicators, and tactful diplomats who can quickly understand and respond to the needs of people within the company. Therefore, you need to be able to act quickly on your feet, have an analytical mind and possess the following skills:

  • written and verbal communication
  • technical writing skills
  • strong leadership
  • IT acumen
  • the ability to work independently and as a team
  • understanding of systems engineering concepts
  • the ability to conduct cost/benefit analysis
  • business case development
  • modeling techniques and methods

training and certifications

Some employers will require at least an undergraduate degree for this position, while others may accept certification-level training through a college or online course. A master's degree in business analysis, IT, and other business specializations will give you an edge over others competing for similar positions.

Requirements can vary by company, but some candidates are hired upon completion of post-secondary studies, or with one or two years of work experience related to the Business Analyst role. More experience will land you in a higher-level position with increased responsibility.

You can expand your career options and make yourself a more attractive candidate for business analyst positions by becoming a Certified Business Analysis Professional (CBAP) through the International Institute of Business Analysis (IIBA). Studies show that this certification can increase your salary by about 16 percent, making it worth the time and investment.

where your career is headed

After about five years of experience, business analysts can move upwards into roles including senior/lead business analyst, and product manager. With eight to ten years of experience, your career path can include advanced positions, such as chief technology officer or chief information officer. You could also take on work as a consultant and branch out to start your own firm.

A strong business background or extensive IT knowledge are critical for a business analyst. Continuing education is also important for success, as are the traits of critical thinking, problem solving, and communication. The right combination of experience, skills and education will open the door to many career opportunities.

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