what is a business analyst job description
A business analyst makes detailed quantitative and qualitative analysis of a company's business strategies and suggests new strategies or solutions for improving the performance of the company. By performing in-depth analysis for portfolio management, a business analyst takes on the data challenges of the organization and the industry in general. The business analysts are entrusted with wide array of duties and responsibilities which mainly depends upon their job profile.
• To develops functional specifications and system design specifications for client engagements
• He must follow industry trends and needs to conduct research to identify loopholes in the company's strategies
• These analysis reports must be submitted regularly so that the suggestions can be implemented
• He may also have to develop business models related to customer modeling, customer segmentation and business forecasting
• He must understand the customer's needs, and change them into application and operational requirements
• He must be capable of analyzing and documenting the processes involved in business.
• Test scenarios must also be prepared by the business analyst. A business analyst must have very good analytical and problem-solving skills. As far as educational qualifications are concerned bachelor's degree in mathematics, statistics, economics, operational research etc is a good for being a business analyst.
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