Data is used by business intelligence analysts to help firms make informed decisions that will help them become more efficient and achieve their objectives.
If you appreciate analyzing data and figuring out how to use that data to improve company processes, a job as a business intelligence analyst could be a good fit for you.
Today, there is a growing demand for experienced people who can interpret massive amounts of data.
This post will teach you all you need to know to become a Business Intelligence Analyst.
What Does a Business Intelligence Analyst Do?
A business intelligence analyst is responsible for assessing and analyzing data to discover areas where their firm may make adjustments to improve efficiency and productivity while working toward overall goals.
A business intelligence analyst’s job duties vary based on the organization and industry, but they often include:
- Business process analysis
- Validating and reviewing consumer data
- Analytic and metric results must be reviewed and managed.
- Analyzing competitor data and how competitors respond
- Creating policies and procedures for data gathering and analysis
- Identifying and implementing possibilities for improvement in corporate strategy and procedures
- Reports and presentations are used to deliver data,, information, and solutions to executive leadership.
How to become a business intelligence analyst
To become a business intelligence analyst, follow these steps:
1. Get a degree
A four-year bachelor’s degree program is the initial step toward becoming a business intelligence analyst.
Computer science, data science, statistics, business administration, economics, and other related subjects are common majors for business intelligence analysts.
Whatever subject you pick, coursework in statistics, technology, and data analysis will be useful in the employment of a business intelligence analyst.
2. Finish an internship
Many bachelor’s degree programs include an internship program in the discipline of business or a specific industry, such as accounting.
If you want to become a business intelligence analyst, an internship program can help you get the appropriate work experience you’ll need to qualify for the position as well as help you start building your professional network.
3. Consider professional qualifications.
There are numerous professional certifications you can pursue to demonstrate your skills and knowledge in areas connected to the position of a business intelligence analyst.
Microsoft’s Certified Solutions Expert in Business Intelligence certification, the Certified Business Intelligence Professional (CBIP) certification, computer programming and language certificates, and business administration certifications are just a few options.
Some businesses may require certain certificates to be considered for the position of business intelligence analyst.
4. Consider an advanced degree
Many business intelligence analysts continue their studies to earn a Master of Business Administration (MBA) or another master’s degree.
A master’s degree can assist business intelligence analysts advance in their careers and boost their earning potential.
For business intelligence analyst employment, some employers will even take a master’s degree in place of further relevant work experience.
5. If necessary, gain additional related experience
You should look into the job requirements for the business intelligence analyst careers you’re interested in to see if candidates need a particular level of relevant work experience.
Many companies favor individuals with relevant work experience in information technology (IT), management, or business intelligence. Internship programs and entry-level roles in your field, such as data analyst or business analyst, may allow you to get the experience required for the role of a business intelligence analyst.
6. Look for jobs as a corporate intelligence analyst
Once you’ve received the appropriate education, experience, and certifications to qualify for the post of business intelligence analyst, you’re ready to start looking for open positions to apply for.
Examine the job description for each position you want to apply for to learn more about the skills and qualities the business is searching for.
You might also ask your current employer if a position as a business intelligence analyst is available.
7. Create a résumé and apply for jobs.
Once you’ve identified the business intelligence analyst roles you want to apply for, utilize the information from the job descriptions about the skills and qualifications the employer prefers candidates to have to construct a resume that is tailored to the position.
When presenting your experience and skills, you can utilize an online resume builder to help you target keywords from the job description.
After you have completed your resume, you may return to the original job posting and apply for the position in question.
If your present employer has an opening for a business intelligence analyst, you can submit your updated resume for consideration.
Business Intelligence Analyst Average Salary
Business intelligence analysts are often salaried full-time. A business intelligence analyst’s income is determined by their level of education, experience, geographic location, and the sort of services they perform.
A business intelligence analyst’s annual pay in the United States is $91,074, with a compensation range of $31,000 to $182,000 per year.
Additional remuneration, such as bonuses, may have an impact on a business intelligence analyst’s salary.
FAQs
What is the average time it takes to become a business intelligence analyst?
A minimum of four years is required to become a business analyst.
To get relevant entry-level experience, you will need to complete at least a bachelor’s degree and an internship during this time.
However, depending on the requirements of the roles you are interested in, it may take you longer to become a business intelligence analyst.
You may need to consider earning a higher degree, such as a master’s degree, gaining more relevant work experience, and obtaining professional certifications before shifting to a business intelligence analyst role.
What qualifications do you need to become a business information analyst?
To be effective as a business intelligence analyst, you must possess a blend of hard and soft talents.
Business intelligence analysts must have strong business acumen, the ability to analyze and comprehend data, and exceptional problem-solving and communication abilities.
They should also be detail-oriented, have solid time management abilities, and be able to present well.
What are the prospects for a career as a business information analyst?
Business intelligence analysts are classified as computer and mathematics vocations by the US Bureau of Labor Statistics.
This group’s predicted job growth rate is 10% between 2018 and 2028, which is faster than the overall job growth rate.
This means that business intelligence analysts should have significant job security and excellent career chances.
What is the distinction between a data analyst and a business intelligence analyst?
The work performed by a business intelligence analyst and a data analyst is fairly similar, but the key distinction is that a business intelligence analyst utilizes a more business-focused approach, whilst a data analyst uses a more mathematical-focused approach.
Data analysts are typically in charge of assembling data into reports and visualizations, which are then shared with business intelligence analysts, who utilize the information to determine what a company should do to improve.
What is a business intelligence analyst’s working environment like?
Business intelligence analysts are normally salaried full-time employees; however, many work more than 40 hours per week.
They can work in a wide range of areas, including technology, banking, and healthcare.
Most business intelligence analysts work in offices, where they spend most of their time sitting at a computer, analyzing data, holding meetings, and talking with executive-level leadership and managers to present their findings and recommendations.
Conclusion
Finally, we’ve covered everything you need to know about how to become a Business Intelligence Analyst.
We took a deep dive into this post by describing all you need to know to become a business intelligence analyst, including step-by-step guidance and frequently asked questions.
I also added the average salary you could receive as a Business Intelligence Analyst.