I completed my M.C.A (Master of Computer Applications) in 2009 and I have a B.C.A (Bachelor of Computer Applications) from 2004.
Presently i am working in a Bank as an Assistant Manager since Oct, 2009 but I want to become a Business Analyst.
So kindly confirm if my experience is useful for a Business Analyst job or shall i do any certification courses in addition to the experience.
And suggest to me the best path to becoming a Business Analyst based on my academic information.
Thanks in advance.
The Usefulness of a Banking Job for Starting A Business Analyst Job
Experience in banking or finance can apply if you are seeking a position as a business analyst in the domain of banking.
But, every business analyst job will require the use of the Business Analyst Body Of Knowledge (BABOK) as a foundation.
BABOK is the knowledge that reflects the current best practices of business analysts. This provides a guideline that describes areas of knowledge, tasks and skills required to do the job. After you have acquired this foundational framework, you can focus on one particular domain.
How to Become a Business Analyst using BABOK
Whether you decide to specialize in a domain or not, the first place to start is by making sure you have the skills and knowledge needed to be a business analyst in the first place.
Learn these foundational skills, known as the Business Analyst Body of Knowledge (BABOK). Some of the skills to focus on are:
Business Analysis Elicitation Skills
Every business analyst will begin with the elicitation phase of a project. This is when you schedule and conduct meetings where you gather the requirements (needs) of a project.
To do this well, you must use a great deal of communication skills. This does not mean you take over the meeting and become an expert on a subject you don’t yet know anything about.
To conduct the elicitation stage well, you become an excellent facilitator. It’s your time to use your communication sub-skills such as listening, facilitating, conflict management, brainstorming, asking qualifying questions, clarifying, etc.
You will also be taking copious notes throughout this entire project, using a great deal of written communication skills.
Business Analysis Documentation Skills
Everything should be documented well by a business analyst. This requires the ability to write in a manner that is concise and clear.
You will rely heavily on your ability to write, explain, and notate everything well.
Business Analysis Skills
Problem solving skills is just the beginning of what goes into this. The business analyst goes through several phases including gathering the information, analyzing the information and then implementing and validating the solution.
During the analysis phase, the business analyst needs to completely understand the requirements and all the methods of evaluating these requirements such as Scope Statements, Business Requirements, Functional Requirements, Use Cases, User Acceptance Testing, Prototypes, Mapping, UML, diagrams, and Traceability Matrices.
Business Analysis Modeling Skills
You will want to, at the very least, become familiar with various Unified Modeling Language (UML) diagrams. These are used to explain and demonstrate the requirements and design of a software system.
Business Analysis Tracing Requirements Skills
Every solution you pursue must be directly linked to a functional requirement, and every functional requirement needs to link back to a business requirement.
You may use traceability matrices during your analysis phase to ensure this is happening.
Business Analysis Validation Skills
The business analyst sees the project through from start to finish.
The validation phase includes making sure the solution you implore is workable for those who will use it.
This will involve conducting a walk through and demonstrations. You may also need to be familiar with User Acceptance Testing (UAT) where you have the user validate that the software solution meets their needs.
How To Become A Domain Business Analyst
There are several domains where a business analyst can specialize, such as Information Technology (IT), Sales & Marketing, Customer Relationship Management (CRM) and Banking/Finance.
Ask yourself if you want to continue in the financial domain, or would you rather change domains?
One factor to consider before making your decision is what interests you, what are you passionate about?
Do you enjoy finance, or would you prefer focusing on IT or Customer Relationship Management?
Pursue what you are naturally drawn towards. Because, when you have a natural interest and desire in something, it is a strong motivating drive needed to get you to your goal.
Another factor to keep in mind is how much of a demand there is for that particular domain in our area. Research the job market in your city, or if you’re willing to relocate, in the country, or city where you are considering making a move.
If there is no opportunities, you may want to focus your efforts elsewhere.