Business analysts play a key role in helping to assess data and analytics to help project managers make important and strategic decisions. Your main role is to conduct detailed analysis and report on your findings. You help identify issues and opportunities within the company and suggest solutions to improve operations and outputs.
As a business analyst, you will work with a variety of people within your company. You could work within a specific department, be part of a project team, or work on a specific business function. You will work full time, but on a salary basis. You will work in an office setting. Remote analyst jobs have become more common since the pandemic. You will report to a project or department manager.
Working as a business analyst is a great career opportunity that can lead to many future roles. You will work on a variety of projects, consistently have new challenges, meet a variety of people, and develop new skills. The job is flexible, and it pays well. Some of the drawbacks of working as a business analyst include having to balance a number of tasks, working under tight deadlines, and sometimes having to work longer than a 40-hour work week.
Success as a business analyst sets you up for a number of future roles. Many analysts move into senior analyst roles or transition to an IT business analysis, management analyst, or solutions architect. Some also branch out as management and business consultants.
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Business analysts salary can vary greatly based on your level of experience and where you are located in Canada. At entry level, you can expect to start at about $65,000 per year. With 5+ years of experience you can make up to $100,000 per year or more. Those who work as a business analyst in leadership and business technology tend to make closer to $100,000 on average and up to $120,000 at the top end of the salary range.
Top paying areas for business analysts in Canada include: Greater Toronto Area in Ontario, Edmonton, and Calgary in Alberta
Business analyst responsibilities can change a lot depending on the project you are working on. You are tasked with helping your team make effective decisions. Business analyst responsibilities and daily tasks can include the following:
Business analysts work in all industries. You can work either directly for an employer or work as an analyst for a consulting firm. Most work for larger organizations who rely heavily on big data and analytics.
Business analysts need to have a strategic and analytical mindset. You should have a strong business background and specialize within the industry you work. Top skills for business analysts include:
Business analysts are required to have a minimum of a Bachelor’s degree in business administration, IT, business management or other related fields. Its recommended analysts obtain industry certification to improve your standing in your field. Some roles may require a Master’s degree in business or related fields.
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