Scope of Business Analyst in India

Safalta Published by: Ishika Kumar Updated Fri, 12 Aug 2022 12:23 AM IST


If you wanna know about the scope of Business Analyst in India, then read this article for more details.

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A Business Analyst is a person who serves as a link between a business or organization and a data analyst. A particular category of a data analyst, known as a "business analyst," is well-versed in both data analysis and the business sector. Business analysts evaluate a business domain's or a commercial organization's operational procedures, systems, and models to assess performance.
A business analyst can aid in decision-making and performance optimization by using the data (available financial, marketing, human resources, and other auxiliary data), evaluating it, and modeling it. In a software company, business analysts are frequently also a part of the information technology team where they act as a liaison between developers and management to promote and aid technical advancement.

1. Business Analyst as a Career Choice

Business analysts come in four different varieties:
1) Business model analysts: They collaborate with strategic management to develop an organization's road map, policies, and market approach tactics.
2) Business Developer: They assess the potential for business growth, comparing new prospects against the requirements to pursue that growth or development.
3) Systems analyst: In this IT extension position, a business analyst deals with the technical specifications and related business standards.
4) Process designers: Business Analysts who specialize in process design have substantial experience working with a company's operational workflows.

2. Opportunities to Work in India as a Business Analyst

  • Every organisation struggles to discover answers to their issue statements in light of the complicated environment in which businesses are currently working – resource crisis, pandemic, fierce competition, and changing policies.
  • They want a larger customer base, less competition, more income with fewer expenses, greater productivity with fewer resources, and more market value with fewer investments.
  • Given that every business, including rivals, is attempting to attain the same thing, how can one organisation have it all? Therefore, businesses employ business analysts to facilitate these choices.
  • Data about the success of the firm, such as purchases, orders, returns, people metrics, customer behaviour, etc., are scrutinised by business analysts who put them into models that reveal surprising trends or insightful information.
  • Predictive models are created using this data and aid in providing answers for the future. That aids a company in making decisions about its future, developing plans, or altering how it has previously conducted business.
  • It is understandable why there is such a huge need for business analysts. To provide some information about this so that you may appreciate its gravity.
As of today (24th February 2021), there are over 75,000 opportunities for business analysts in the USA alone, of which 645 are internships and 2200 are entry-level positions requiring 0–2 years of experience. All levels have salary choices ranging from 13k to 418k US dollars.
There are 12549 business analyst jobs in India according to our search for that country on Glassdoor. When we performed the same search on, a far greater number—36930 jobs as of the date—was returned (with 16914 jobs in the 0-5 years category).
Delhi NCR has the biggest concentration of these jobs, followed by Bangalore, Mumbai, Chennai, and then other cities.
These opportunities are available in the following sectors: IT/Software (10434 jobs), Recruitment/Placement (7008 jobs), ITeS or BPS (4999 jobs), Banking and Financial Services (2029 jobs), and other sectors.
IBM, Accenture, Wipro, etc. are some of the biggest employers in India. Let's examine the top 10 employers offering Business Analyst positions right now:
-356 opportunities at IBM India
-241 openings at Accenture
-Wipro has fifty openings
-TechMahindra Business Services, 38 positions available
Randstad India, Sparsh BPO, Axis Bank, HCL Technologies, TCS, Capgemini, Indusind Bank, Reliance India, Genpact, Muthoot Finance, and Sutherland Group are a few additional companies that employ business analysts.
10473 of the 16914 jobs with 0 to 5 years of experience provided salaries between 6 and 10 lacs INR while 10516 offered salaries between 3 and 6 lacs. In the 10 to 15 lac INR category, there were 3457 jobs, while in the 15 to 25 lac INR category, there were 1146 positions.

Is Business Analyst a Good Career?
Roles and functions of a Business Analyst
4 Important Soft Skills Every Business Analyst Needs

Is business analyst a good career in India?

For those with the aptitude for analysing data, coming up with solutions, managing large groups of people, and excelling at IT, a job as a business analyst can be a great fit. In India, there is a lot of room for growth in the field of business analysis.

What is a business analyst salary in India?

The average yearly income for a business analyst in India is 7.0 Lakhs, with salaries ranging from 3.0 Lakhs to 15.0 Lakhs. Salary projections are based on business analyst salaries of 67.2k.

Does business analyst have scope?

Once a business analyst gains experience, he or she may go on to work as a project manager, functional consultant, product owner/analyst, pre-sales consultant, or even as the organization's IT PMO due to the exposure to a wider range of SDLC projects.

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