How to Become a Business Analyst in India 2023

 Gold was considered the most important metal in medieval times, oil has replaced it in the last 50 years, and now that we are in a digital world, oil has been replaced by data. 


In today's digital age, it has been said that the person having the right data will be considered the most powerful So if you are interested in analyzing any business and preparing its data to analyze facts or make business policies using data, then business analytics can be a better career option for you.


Today, not only in India, the demand for business analytics is increasing all over the world. The job of business analytics is to analyze the success of companies in the market and make strategies for the present and future of the company. 


How to Become a Business Analyst in India
How to Become a Business Analyst in India 2023



Along with this, by defeating the competing companies, our company has to get a sharp edge in the market. In such a situation, students with out-of-the-box thinking and a good hold on technology can make their career by becoming business analytics.


In today's post, I am going to tell you what is business analytics (what is a business analytics course) and how can you do a business analytics course, what is business analyst course qualification, how much is the fee for this business analyst course and how much is this course How much salary do you get after doing it and how you can take business analytics jobs after doing business analytics course.


 Answers to all these questions and information about business analytics course details will be found in this post. So read this post carefully.


what is business analytics?

Business analysis is very important to assess whether the business is booming or slowing down.

Because the analysis of any business only shows what are the possibilities for that business in the market, as well as the success of the company also depends on whether it can make a solid assessment and estimate of all the ups and downs of the market related to its business. Can do it on time or not. For this, it is necessary to take the services of business analytics.


Many online and offline courses are conducted in business analytics (business analytics course) which working professionals also do to enhance their skills and increase their career prospects.


what is the job of a business analyst?


Formulating a strategy based on a company's growth, productivity, risk, and consumer demand is a major task of business analytics. These business analytics solve business problems caused by data using statistics and mathematical tools. Business analytics only assesses the company's business, market competition, and future goals, but as well as acts as a bridge between business problems and their solutions.


Big companies talk to business analytics and decide which markets they want to enter. How to present the prices of the products or services. Also, in view of cost and environmental constraints, at which places the functioning needs to be made more effective. The profession makes extensive use of data analysis and fact-based management to help make decisions that are in the best interests of the company.


 How to become Business analyst in india


skills required for Business analyst in india

  • Investigative Occupations – You must be interested in Investigative Occupations. Testing jobs require a lot of ideas and out-of-the-box thinking. Mostly out of the box and conceptual thinking is required. It involves reading about facts and figures; Data analysis is used, in-depth analysis of a situation, decision-making, and problem-solving are involved.

  • Conventional Occupations – You should be interested in conventional occupations. To do work in traditional jobs is to do it repeatedly and regularly, as well as in a set way. In these jobs, instead of new ideas and creativity, most of the work is done with data, systems, and processes.

  • Artistic Occupations – You Should Be Interested in Artistic Occupations: Artistic occupations typically involve working with creative ideas, art, and design. These occupations involve abstract, imaginative, and creative thinking, including There is no specific method or rules to be followed to do any work.


Business Analytics Educational Qualification


To become a business analyst, after passing a minimum of 50% marks in graduation or equivalent, you can do a diploma, certificate, or degree course. The diploma and certificate business analytics course is from six months to one year while the postgraduate and master business analytics course is two years old.


list of business analyst entrance exam


To do a business analytics course from a good institute, one has to give entrance exams like CAT, MAT, CMAT, GMAT, etc. Admission is given only after getting a good rank in this entrance exam.


  • Business analytics course institute
  • Delhi Technological University, Delhi
  • Amity University, Noida
  • Gautam Buddha University, Greater Noida
  • Sharda University, Greater Noida
  • Indian Institute of Management, Kolkata
  • Indian Institute of Management, Bangalore.
  • IIM Kozhikode
  • IIM Ahmedabad
  • Great Lakes Institute of Management, Chennai

Future Prospects

According to the Analytics India Magazine report, the Indian market and data analytics industry are currently worth US$ 2.71 billion. Also, it is expected to grow by 33% per annum. At the current rate, it is estimated that the data analytics industry will grow to US$20 billion by 2025. This is almost 8 times the current market size. The US accounts for about 45% of research services exports in the market, which is growing at a similar rate of 45% per year.


The growth of the market on such a large scale shows that not only India but also foreign markets are using Indian market research services. Apart from this the consulting firms which are employing market researchers, as well as the consulting industry in India, are growing at the rate of 9% per annum so overall the future of business analytics/data analytics in the market is very bright. Presently data analysis companies and consulting companies have increased to a great extent.


business analyst career growth

If you start your career as a data analytics/research analytics/management trainee, you can later become a business analytics or financial analyst. Later you can become head of business analytics and then senior business analytics and finally analytics manager. 


If you have been a financial analyst, you can become a senior financial analyst and then a finance manager. If you start your career as a business analytics trainee, you can quickly become a business analytics and then senior business analytics. He can become a business analytics major and then a management consultant.


business analyst salary in india


  • You can earn up to Rs 15,000-2,00,000 per month while working at a data analytics caterer at the entry-level. As a Market Research Associate, you can earn around Rs.10,000-1,00,000 per month. You can earn 25,000-3,00,000 per month as a business analytics trainee.

  • After 2-6 years of experience working at the junior level, you can earn around Rs.30,000-4,00,000 per month.

  • You can earn around Rs.50,000-6,00,000 per month after working at the middle level with 6-12 years of work experience.

  • After 12 years of work experience working at the senior level, you can earn Rs.1,00,000-10,00,000 per month.

Employment opportunities


If you are more interested in data analysis then you can get selected as data analytics/research analyst/management trainee in different firms and MNCs. Some well-known consulting firms are Accenture, Bain & Company, Boston Consulting Group (BCG), Deloitte, Ernst & Young, KMPG, Mackenzie, PwC, etc.


If you are inclined toward the business side of analytics where you use the results for strategies, you can be hired as a business analyst by different MNCs, media houses, and retail and finance organizations.


Conclusion 


Here in this post we all related information about how to become a business analyst in india so if you want to become a business analyst in india then you should read our post till the end.


FAQ For Business analyst in india

Q.1: how to become a business analyst with no experience?

Ans: it's really hard to say that you can become a business analyst without experience but still you can do some research about the industry you want to enter it could help you to get any opportunity.


Q.2: business analyst salary?

Ans: Rs.50,000-6,00,000 per month (with 5 or 6-year experience.)









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