The analysis of a business is an intricate and challenging job. A business analyst is someone having expertise in analyzing business, enterprise or an organization. His job is to analyze the issues or problems of the organization both at inter and intra levels.
Business analyst scrutinizes all segments of an enterprise. He is involved not only in planning and formulating strategies or implementing them but also in figuring out the loopholes involved and finding ways to deal with the pitfalls.
The competency of an analyst is determined by whether he possesses certain mandatory qualities or not.
Three ’Must Have Skills for a Business Analyst
Here, we are listing the three extremely important skills that are almost compulsory for a business analyst:
1. Analytical skills
Business analyst should have a good analytical vision particularly with regards to financial analysis, statistical analysis, requirement analysis, system analysis, etc.
2. Technical skills
It is very important for an analyst to be well versed with the technicalities involved in a business. He should have a sound working knowledge of the entire business mechanism. He should know the engineering principles of the business and should be able to comprehend it clearly. Apart from this he should be able to practically use the financial ethics to feasibility studies.
3. Good managerial, negotiation and writing skills
The third important skills needed to be a good business analyst is to have good managerial and communication skill. This skill, if supplemented with good writing ability is definitely a lethal combination. There is simply no stopping for you if you possess this deadly combination. You are destined to be successful and popular in your territory or area of expertise.
Apart from these three major skills, other qualities required to be fine business analyst are:
Personal attitude and behavioral approach-An analyst must have leadership qualities and should be able to lead others on a new road instead of treading the path already built.
Problem solving attitude
He should have a task oriented approach
He should be flexible
Good in communicating with others
He should give attention to even minor issues.
He should be a good listener
He should be good in speaking publicly
These are a few significant skills or qualities required to be a success in analyzing business. By incorporating these skills you can become an efficient analyst and prove your mettle easily and emphatically. They will help and guide you in your better development.