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Discover Business analyst Salary Trends
In this article, we explore Business Analyst Salary Trends. Business Analysts are the force behind the new-age enterprise which practices data-driven decision-making and problem-solving. At its core, the role of a Business Analyst is to bridge the gap between the IT and business verticals of an organization. They use data analytics to determine business requirements, assess the processes, and deliver recommendations and reports to concerned stakeholders. This blog will help you learn more about the skill set required, the roles and responsibilities, and also the salary offered to a business analyst based on different factors such as work experience, job location, and more.
The Role of a Business Analyst
Ideally, Business Analysts engage with business leaders to understand how data-driven decisions would improve efficiency. These changes could be applied to processes, products and services, software, and hardware to add value. Finally, they execute ideas that are both technologically and financially feasible.
Responsibility Areas of a Business Analyst
- Business Analysis Planning: identifying problems, opportunities, and solutions
- Budgeting and Forecasting
- Financial Modelling
- Variance Analysis
- Risk Analysis
- Reporting to concerned stakeholders
Business Analyst Job Description
Business Analysts mostly report to the project managers. The key tasks include requirements analysis, implementing and documenting processes, and performing user-acceptance testing. A natural analytical tendency and the ability to explain technical concepts to non-technical users are a key to success for Business Analysts.
Business Analyst Roles and Responsibilities
- To evaluate business processes and anticipate requirements/ problems
- Assessing the areas of improvement and implementing solutions
- Review ongoing business processes and devise optimisation strategies
- Stay abreast with the latest process developments and IT advancements
- Automate and modernise existing systems
- Documenting and Reporting results of the efforts
- Communicating plans and insights to the management and other teams
- Working closely with clients, IT department, and managerial staff
- Gathering information from various stakeholders to produce useful reports
- Testing user acceptance
- Providing training and guidance
- Maintaining resource allocation and cost-efficiency
- Project management and performance monitoring
- Process updation and implementation
- Prioritising initiatives based on business requirement and impact
- Act as a liaison between stakeholders and users
- Timely completion of projects and deliverables
Business Analyst Requirements
- A bachelor’s degree in business or an MBA
- Analytical and conceptual mindset
- A minimum ‘x’ years of experience in analytics or related field (‘x’ depends on the organisation, and the position you are applying for)
- Excellent reporting and documentation skills
- Advanced technical skills with knowledge of required tools
- Excellent planning and organisational skills
- Excellent time management skills
- Experience in forming and leading top-performing teams
- Having delivered successful projects in the past
- Competent with Microsoft applications such as Word, Excel, and Outlook.
Skill sets Required to become a Business Analyst
- Good Communication and Presentation Skills
- Interpersonal skills and team management
- An analytical mindset
- Good knowledge of analytics tools and techniques
- Time management skills
- Documentation and reporting efficiency
- Data modelling and data management skills
Apart from these also read more about What Are Some of the Tools Used by Business Analysts? and Big Data Analytics Skills To Boost Your Salary
Business Analyst Salary Overview
Similar to any other job role, the salary of a Business Analyst would depend on a number of factors such as company size, reputation, location, work experience, and educational qualification. Companies such as TCS, Amazon, Accenture, or Deloitte pay higher salaries. The more your work experience is, the higher will be your market value. Keep in mind that due to these variables, there is a chance of a change in the salary.
Average Salary of a Business Analyst in the India and US:
The average salary of a Business analyst in India is around ₹612,656 per year. The average salary of a Business analyst in the US is around $70,489 per year.
| India | US | |
| Average salary per annum | ₹612,656 | $70,489 |
If you wish to learn more about the salary trends as a Business Analyst over the next 5-10 years and compare your salary to your peers, check out Salary Builder and gain powerful insights.
Business Analyst Salary: Based on Experience
| India | US | |
| Entry Level | ₹363,813 | $60,055 |
| Mid Career | ₹848,120 | $77,401 |
| Experienced | ₹1,284,643 | $90,431 |
Business Analyst Salary: Based on Experience
Depending on your years of experience, the average Business Analyst salary may range between 3,50,000-5,00,000. The lower end is the salary at an entry-level with less than one year of work experience, and the higher end is the salary for those having 1-4 years of work experience.
As your experience increases over time, the salary you earn increases as well. A Business Analyst with 5-9 years of industry experience can earn up to Rs. 8 lakhs per annum. Whereas a Senior Business Analyst with up to 15 years experience earns close to Rs. 12 lakhs per annum.
Salary of a Business Analyst: Based on Company(India)
Let us consider TCS, Accenture, Computer Sciences Corporation, and Capgemini as some of the top companies which offer the highest salary packages for Business Analysts.
| Company Name | Salary in INR |
| Accenture | 7,04,965 |
| Capgemini | 7,03,178 |
| TCS | 696,132 |
HCL, Wipro, and CSC are at the lower end of the salary scale and provide a similar package.
| Company Name | Salary in INR |
| HCL | 5,21,246 |
| Wipro | 5,79,188 |
| CSC | 6,02,432 |
Companies such as Amazon are also a really great place to work, the average salary ranging from between INR 3,28,484- 17,83,171 depending on your experience level and seniority.
Also Read: Top 10 Business Analytics Companies in India to work for
Salary of a Business Analyst: Based on Company(US)
Business analyst Salary in the US, based on the company:
| Company | Salary Per Annum |
| Cisco Systems | $1,05,938 |
| Accenture | $1,06,304 |
| IBM | $95,216 |
The above companies are some of the top companies which offer higher salary packages for Business Analysts in the US.
| Company | Salary Per Annum |
| Deloitte | $83,287 |
| Cognizant | $71,842 |
| Infosys | $70,420 |
The above companies are some of the companies that are at the lower end of the salary scale and provide a similar package.
Business Analyst Salary: Based on Location
Business analyst salary in India, based on the Location:
The location you are situated in plays a significant role when it comes to compensation. A Business Analyst in Bangalore or Pune would earn around 12.9% and 17.7% more than the national average. Hyderabad (4.2% less), Noida (8.2% less), Chennai (5.2% less).
Business analyst salary in the US, based on the Location:
| Location | Salary Per Annum |
| Houston, TX | $97,901 |
| New York, NY | $88,534 |
| Washington, DC | $84,790 |
| Chicago, IL | $81,393 |
| Dallas, TX | $74,088 |
A day in the Life of a Business Analyst
A typical day in the life of a Business Analyst might have different tasks based on many factors such as the phase of the project they are working on. Also, some days are more research-focused, some days include a lot of meetings and interactions, and some simply go implementing and executing the changes in processes, products, etc.
Activities that define a working day for a Business Analyst
- Scanning through e-mails and prioritise tasks for the day
- Replying to the emails and business queries
- Engage in a daily ‘heads-up’ session to understand concerns, issues, and impending tasks of the team
- Conduct meeting with stakeholders to gather business requirements, and provide solutions to previously identified business problems
- Evaluating issues, measuring the viability of proposed solutions, and develop applicable solutions
- Sending minutes of the meetings to all stakeholders
- Meet with the IT teams to clarify the process flows
- Perform documentation and share with relevant stakeholders
- Maintain test reports to publish findings
- Meet the functional managers to discuss their demands and present solutions
- Acceptance testing and compliance monitoring
- Before leaving the office, organising a review meeting with team members to support implementation and actualise results of the project
Business Analysts usually perform most of these tasks on a daily basis.
How to Become a Business Analyst?
To become a business analyst the basic educational qualification is graduation, and a post-graduation is an added advantage. Professionals who have strong analytical, problem-solving, communication, interpersonal, and team management skills are the ones who should absolutely consider a career as a Business Analyst. The technical skills vary based on the employer and the industry, the basic computer skills that a Business Analyst should have are C#, .Net, Oracle, PL/SQL, and MS Office. Below are the three steps to becoming a Business Analyst:
- Get a graduate/ bachelor’s degree – A bachelor’s degree in business administration and management is highly sought after for entry-level roles in business analytics. Specialised courses in accounting, management, or marketing can help aspirants prepare for an analytics career in their field of interest.
- Gain some work experience – If applying for entry-level roles, seek internship opportunities in top organisations. The candidates who have experience in fields such as Finance, Marketing, Human Resource Management, information technology etc., can also apply for entry-level roles in Business Analytics.
- Get Business Analytics Certification – Getting a Business Analytics certification deems a professional to be an expert Business Analyst. Also, some companies prefer certification in Business Analytics when hiring for Business Analyst positions. Great Learning’s Business Analytics courses are ranked #1 by Analytics India Magazine. If you want to pursue a career as a Business Analyst, sign up for the PG program in Data Science and Business Analytics.
Business Analyst FAQs
Are business analyst well paid?
Business Analysts are paid well since they are in high-demand. An entry-level analyst may earn anywhere between ₹350,000 p.a. to ₹400,000. And someone with 5-10 years of experience may earn close to ₹900,000 p.a, while individuals with over 10 ears experience may earn ₹1,500,000 p.a.
Is business analyst a good career?
Yes. Business analyst is a good career as it offers several job opportunities, strong salary options, job satisfaction, and a work-life balance. The possibilities are endless and business analysts will always be in-demand.
Is business analyst a stressful job?
Business analytics provides flexible work options and is one of the less stressful jobs when compared to high-demand finance jobs. However, this depends on the industry, the sector, where you are in your career journey, and several other such factors.
Is business analyst an IT job?
Yes, business analyst is an IT job as business analysts have knowledge about information technology as well as business. Enhancing the quality of IT services while also understanding business needs are among the major responsibilities.
Does business analyst require coding?
Being able to write code is not a requirement to start your business analytics career. Although it can be quite helpful to know coding. Having knowledge of statistical software such as SAS, SPSS, Mathematica, Sage, or even Excel can be helpful for analyzing and managing data.
What qualifications do I need to be a business analyst?
To become a business analyst, you will need the following skills:
– Analytical Thinking skills
– Business Management skills
– Attention to detail
– Organizational skills
– Interpersonal skills
– Written and Oral communication skills
– Critical thinking skills
Original article source at: https://www.mygreatlearning.com
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1617779520
AI & Data Science India Salary Study - 2021
The annual Analytics India Salary report presented by AIM and AnalytixLabs is the only annual study in India that delves into salary trends and provides a comprehensive view of the changing landscape of analytics salaries. The report, now in its seventh year, look at the distribution of average salaries across several categories including years of experience, metropolitan regions, industries, education levels, gender, tools, and skills.
The Data Analytics function is experiencing significant growth and development in terms of skills, capabilities, and funding. Last year, despite the pandemic, the Indian start-up industry witnessed $836.3 million investment, almost a 10% (9.7%) increase than the previous year. Also, more than one in five (21%) analytics teams across firms in India witnessed a growth in the last 12 months and the post-pandemic job market saw an upswing of data science jobs. The development of the data science domain is evidenced by the high salaries drawn by analytics professionals across the organization, with Analytics professionals doing relatively well in spite of the pandemic.
#featured #ai salaries in india #analytics salaries in india #analytics salary key trends #analytics salary trend #average data analytics salary #average salary of analytics professionals #data science salaries in india #data science salary study #latest data science salaries
1595491178
Best Electric Bikes and Scooters for Rental Business or Campus Facility
The electric scooter revolution has caught on super-fast taking many cities across the globe by storm. eScooters, a renovated version of old-school scooters now turned into electric vehicles are an environmentally friendly solution to current on-demand commute problems. They work on engines, like cars, enabling short traveling distances without hassle. The result is that these groundbreaking electric machines can now provide faster transport for less — cheaper than Uber and faster than Metro.
Since they are durable, fast, easy to operate and maintain, and are more convenient to park compared to four-wheelers, the eScooters trend has and continues to spike interest as a promising growth area. Several companies and universities are increasingly setting up shop to provide eScooter services realizing a would-be profitable business model and a ready customer base that is university students or residents in need of faster and cheap travel going about their business in school, town, and other surrounding areas.
Electric Scooters Trends and Statistics
In many countries including the U.S., Canada, Mexico, U.K., Germany, France, China, Japan, India, Brazil and Mexico and more, a growing number of eScooter users both locals and tourists can now be seen effortlessly passing lines of drivers stuck in the endless and unmoving traffic.
A recent report by McKinsey revealed that the E-Scooter industry will be worth― $200 billion to $300 billion in the United States, $100 billion to $150 billion in Europe, and $30 billion to $50 billion in China in 2030. The e-Scooter revenue model will also spike and is projected to rise by more than 20% amounting to approximately $5 billion.
And, with a necessity to move people away from high carbon prints, traffic and congestion issues brought about by car-centric transport systems in cities, more and more city planners are developing more bike/scooter lanes and adopting zero-emission plans. This is the force behind the booming electric scooter market and the numbers will only go higher and higher.
Companies that have taken advantage of the growing eScooter trend develop an appthat allows them to provide efficient eScooter services. Such an app enables them to be able to locate bike pick-up and drop points through fully integrated google maps.
List of Best Electric Bikes for Rental Business or Campus Facility 2020:
It’s clear that e scooters will increasingly become more common and the e-scooter business model will continue to grab the attention of manufacturers, investors, entrepreneurs. All this should go ahead with a quest to know what are some of the best electric bikes in the market especially for anyone who would want to get started in the electric bikes/scooters rental business.
We have done a comprehensive list of the best electric bikes! Each bike has been reviewed in depth and includes a full list of specs and a photo.
Billy eBike
https://www.kickstarter.com/projects/enkicycles/billy-were-redefining-joyrides
To start us off is the Billy eBike, a powerful go-anywhere urban electric bike that’s specially designed to offer an exciting ride like no other whether you want to ride to the grocery store, cafe, work or school. The Billy eBike comes in 4 color options – Billy Blue, Polished aluminium, Artic white, and Stealth black.
Price: $2490
Available countries
Available in the USA, Europe, Asia, South Africa and Australia.This item ships from the USA. Buyers are therefore responsible for any taxes and/or customs duties incurred once it arrives in your country.
Features
- Control – Ride with confidence with our ultra-wide BMX bars and a hyper-responsive twist throttle.
- Stealth- Ride like a ninja with our Gates carbon drive that’s as smooth as butter and maintenance-free.
- Drive – Ride further with our high torque fat bike motor, giving a better climbing performance.
- Accelerate – Ride quicker with our 20-inch lightweight cutout rims for improved acceleration.
- Customize – Ride your own way with 5 levels of power control. Each level determines power and speed.
- Flickable – Ride harder with our BMX /MotoX inspired geometry and lightweight aluminum package
Specifications
- Maximum speed: 20 mph (32 km/h)
- Range per charge: 41 miles (66 km)
- Maximum Power: 500W
- Motor type: Fat Bike Motor: Bafang RM G060.500.DC
- Load capacity: 300lbs (136kg)
- Battery type: 13.6Ah Samsung lithium-ion,
- Battery capacity: On/off-bike charging available
- Weight: w/o batt. 48.5lbs (22kg), w/ batt. 54lbs (24.5kg)
- Front Suspension: Fully adjustable air shock, preload/compression damping /lockout
- Rear Suspension: spring, preload adjustment
- Built-in GPS
Why Should You Buy This?
- Riding fun and excitement
- Better climbing ability and faster acceleration.
- Ride with confidence
- Billy folds for convenient storage and transportation.
- Shorty levers connect to disc brakes ensuring you stop on a dime
- belt drives are maintenance-free and clean (no oil or lubrication needed)
**Who Should Ride Billy? **
Both new and experienced riders
**Where to Buy? **Local distributors or ships from the USA.
Genze 200 series e-Bike
Featuring a sleek and lightweight aluminum frame design, the 200-Series ebike takes your riding experience to greater heights. Available in both black and white this ebike comes with a connected app, which allows you to plan activities, map distances and routes while also allowing connections with fellow riders.
Price: $2099.00
Available countries
The Genze 200 series e-Bike is available at GenZe retail locations across the U.S or online via GenZe.com website. Customers from outside the US can ship the product while incurring the relevant charges.
Features
- 2 Frame Options
- 2 Sizes
- Integrated/Removable Battery
- Throttle and Pedal Assist Ride Modes
- Integrated LCD Display
- Connected App
- 24 month warranty
- GPS navigation
- Bluetooth connectivity
Specifications
- Maximum speed: 20 mph with throttle
- Range per charge: 15-18 miles w/ throttle and 30-50 miles w/ pedal assist
- Charging time: 3.5 hours
- Motor type: Brushless Rear Hub Motor
- Gears: Microshift Thumb Shifter
- Battery type: Removable Samsung 36V, 9.6AH Li-Ion battery pack
- Battery capacity: 36V and 350 Wh
- Weight: 46 pounds
- Derailleur: 8-speed Shimano
- Brakes: Dual classic
- Wheels: 26 x 20 inches
- Frame: 16, and 18 inches
- Operating Mode: Analog mode 5 levels of Pedal Assist Throttle Mode
Norco from eBikestore
https://ebikestore.com/shop/norco-vlt-s2/
The Norco VLT S2 is a front suspension e-Bike with solid components alongside the reliable Bosch Performance Line Power systems that offer precise pedal assistance during any riding situation.
Price: $2,699.00
Available countries
This item is available via the various Norco bikes international distributors.
Features
- VLT aluminum frame- for stiffness and wheel security.
- Bosch e-bike system – for their reliability and performance.
- E-bike components – for added durability.
- Hydraulic disc brakes – offer riders more stopping power for safety and control at higher speeds.
- Practical design features – to add convenience and versatility.
Specifications
- Maximum speed: KMC X9 9spd
- Motor type: Bosch Active Line
- Gears: Shimano Altus RD-M2000, SGS, 9 Speed
- Battery type: Power Pack 400
- Battery capacity: 396Wh
- Suspension: SR Suntour suspension fork
- Frame: Norco VLT, Aluminum, 12x142mm TA Dropouts
Bodo EV
http://www.bodoevs.com/bodoev/products_show.asp?product_id=13
Manufactured by Bodo Vehicle Group Limited, the Bodo EV is specially designed for strong power and extraordinary long service to facilitate super amazing rides. The Bodo Vehicle Company is a striking top in electric vehicles brand field in China and across the globe. Their Bodo EV will no doubt provide your riders with high-level riding satisfaction owing to its high-quality design, strength, breaking stability and speed.
Price: $799
Available countries
This item ships from China with buyers bearing the shipping costs and other variables prior to delivery.
Features
- Reliable
- Environment friendly
- Comfortable riding
- Fashionable
- Economical
- Durable – long service life
- Braking stability
- LED lighting technology
Specifications
- Maximum speed: 45km/h
- Range per charge: 50km per person
- Charging time: 8 hours
- Maximum Power: 3000W
- Motor type: Brushless DC Motor
- Load capacity: 100kg
- Battery type: Lead-acid battery
- Battery capacity: 60V 20AH
- Weight: w/o battery 47kg
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1595494844
How to start an electric scooter facility/fleet in a university campus/IT park
Are you leading an organization that has a large campus, e.g., a large university? You are probably thinking of introducing an electric scooter/bicycle fleet on the campus, and why wouldn’t you?
Introducing micro-mobility in your campus with the help of such a fleet would help the people on the campus significantly. People would save money since they don’t need to use a car for a short distance. Your campus will see a drastic reduction in congestion, moreover, its carbon footprint will reduce.
Micro-mobility is relatively new though and you would need help. You would need to select an appropriate fleet of vehicles. The people on your campus would need to find electric scooters or electric bikes for commuting, and you need to provide a solution for this.
To be more specific, you need a short-term electric bike rental app. With such an app, you will be able to easily offer micro-mobility to the people on the campus. We at Devathon have built Autorent exactly for this.
What does Autorent do and how can it help you? How does it enable you to introduce micro-mobility on your campus? We explain these in this article, however, we will touch upon a few basics first.
Micro-mobility: What it is
You are probably thinking about micro-mobility relatively recently, aren’t you? A few relevant insights about it could help you to better appreciate its importance.
Micro-mobility is a new trend in transportation, and it uses vehicles that are considerably smaller than cars. Electric scooters (e-scooters) and electric bikes (e-bikes) are the most popular forms of micro-mobility, however, there are also e-unicycles and e-skateboards.
You might have already seen e-scooters, which are kick scooters that come with a motor. Thanks to its motor, an e-scooter can achieve a speed of up to 20 km/h. On the other hand, e-bikes are popular in China and Japan, and they come with a motor, and you can reach a speed of 40 km/h.
You obviously can’t use these vehicles for very long commutes, however, what if you need to travel a short distance? Even if you have a reasonable public transport facility in the city, it might not cover the route you need to take. Take the example of a large university campus. Such a campus is often at a considerable distance from the central business district of the city where it’s located. While public transport facilities may serve the central business district, they wouldn’t serve this large campus. Currently, many people drive their cars even for short distances.
As you know, that brings its own set of challenges. Vehicular traffic adds significantly to pollution, moreover, finding a parking spot can be hard in crowded urban districts.
Well, you can reduce your carbon footprint if you use an electric car. However, electric cars are still new, and many countries are still building the necessary infrastructure for them. Your large campus might not have the necessary infrastructure for them either. Presently, electric cars don’t represent a viable option in most geographies.
As a result, you need to buy and maintain a car even if your commute is short. In addition to dealing with parking problems, you need to spend significantly on your car.
All of these factors have combined to make people sit up and think seriously about cars. Many people are now seriously considering whether a car is really the best option even if they have to commute only a short distance.
This is where micro-mobility enters the picture. When you commute a short distance regularly, e-scooters or e-bikes are viable options. You limit your carbon footprints and you cut costs!
Businesses have seen this shift in thinking, and e-scooter companies like Lime and Bird have entered this field in a big way. They let you rent e-scooters by the minute. On the other hand, start-ups like Jump and Lyft have entered the e-bike market.
Think of your campus now! The people there might need to travel short distances within the campus, and e-scooters can really help them.
How micro-mobility can benefit you
What advantages can you get from micro-mobility? Let’s take a deeper look into this question.
Micro-mobility can offer several advantages to the people on your campus, e.g.:
- Affordability: Shared e-scooters are cheaper than other mass transportation options. Remember that the people on your campus will use them on a shared basis, and they will pay for their short commutes only. Well, depending on your operating model, you might even let them use shared e-scooters or e-bikes for free!
- Convenience: Users don’t need to worry about finding parking spots for shared e-scooters since these are small. They can easily travel from point A to point B on your campus with the help of these e-scooters.
- Environmentally sustainable: Shared e-scooters reduce the carbon footprint, moreover, they decongest the roads. Statistics from the pilot programs in cities like Portland and Denver showimpressive gains around this key aspect.
- Safety: This one’s obvious, isn’t it? When people on your campus use small e-scooters or e-bikes instead of cars, the problem of overspeeding will disappear. you will see fewer accidents.
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1607932824
Business Analyst Training | Business Analyst Tutorial | Intellipaat
In this business analyst tutorial you will learn what is business analysis, how a business intelligence analyst work in sync with other departments, how business analyst is different than data scientist, business analysis process, various roles of business analyst in the organization and what are the top business analyst skills required in the organization.
#business analyst training #business analyst tutorial
1617354010
AI & Data Science India Salary Study - 2021
The annual Analytics India Salary report presented by AIM and AnalytixLabs is the only annual study in India that delves into salary trends and provides a comprehensive view of the changing landscape of analytics salaries. The report, now in its seventh year, look at the distribution of average salaries across several categories including years of experience, metropolitan regions, industries, education levels, gender, tools, and skills.
The Data Analytics function is experiencing significant growth and development in terms of skills, capabilities, and funding. Last year, despite the pandemic, the Indian start-up industry witnessed $836.3 million investment, almost a 10% (9.7%) increase than the previous year. Also, more than one in five (21%) analytics teams across firms in India witnessed a growth in the last 12 months and the post-pandemic job market saw an upswing of data science jobs. The development of the data science domain is evidenced by the high salaries drawn by analytics professionals across the organization, with Analytics professionals doing relatively well in spite of the pandemic.``````
#analytics salaries in india #analytics salary key trends #average data analytics salary #data science salaries in india #data science salary study