Business Analysts are in charge of analyzing a business and documenting its procedures, business model and integration with technology. It is rare that a single position performs all of these functions, however. Strategic planners, for example, specialize in identifying the needs in a business.
A process designer, on the other hand, would make sure that all of a business’ practices are standardized. Systems analysts deal with standardizing IT processes. Because of their varied functions, it is very common to hire a Business Analyst for every part of a large organization or company. While some companies choose to make these positions highly specified, others prefer to have their analysts interact with all aspects of their company.
There are a number of entry-level positions that require Business Analysts simply to track the procedures of a business, while Business Analysts with more experience are tasked with creating new workplace rules and business guidelines.
Many Business Analysts have at least a Bachelor’s degree in Information Technology or Business Operations. These positions run the gamut in terms of experience.
Because of the highly varied types of positions available, there are a wide range of salaries paid to Business Analysts. Entry-level employees can expect to make between $45,000 and $65,000, while experienced analysts can earn twice that amount.