Why Should You Become A Business Analyst In 2024 ?

Why Should You Become A Business Analyst?

Why should you become a business analyst ? and why to choose business analyst as a career path ? This is a good question as you need to know your motivations are right before you invest time and money in becoming a successful business analyst.

Growth Market

Business analysis is a growth market and there is a job market for business analysts. This role used not to be highly valued and poorly understood but many companies are starting to realise the value of skilled business analysts.

Good business analysts have the skills to ensure businesses invest their most precious resources of manpower and money wisely. Indeed, time is an even more precious resource in today’s marketplace where poor investment decisions allow the competition to gain advantage.

Note: It’s actually very difficult to prove this is a growth market because there are not many reports that identify this role and it is often either mislabelled or forms part of another role such as project manager.

In the UK, the eSkills initiative has commissioned a report on the IT & Telecoms sector (of which business analysis forms a part), which shows that skills in this area will grow at a rate of 2.5% per annum for the next decade rather than 0.5% in the rest of the economy (five times faster than the rate for other careers!!).

Low Barriers To Entry Compared To Other Professions

At present, the role is still very immature compared to that of other professions (e.g. architect, engineer, accountant). Professional qualifications are not necessary but this is changing rapidly with the rise in importance of the IIBA (International Institute of Business Analysis) and the CBAP accreditation (Certified Business Analysis Professional) and, in the UK, the ISEB qualification and other national equivalents.

Challenging And Demanding Job

Business analysis is a varied and demanding career which utilises many skills including problem solving, relationship management and time management. It can be very satisfying but is NOT an easy ride. It is important that you enjoy a challenge and see that providing you with job satisfaction. Sometimes you will be required to work with a number of different teams and people within the company that you work for.

Many business analysts value that in the business analyst role there is no typical day in the job. Everyday a business analyst is faced with new challenges and new problems to solve, which makes it a perfect job for someone that values a dynamic and challenging work environment, and allows one to continuously develop their problem solving and critical thinking skills.