Category Archives: Business Systems analyst

Business Analyst Resume for Banking and Financial Domains

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Essential Finance/banking knowledge a business analyst should possess for a BA job in finance domain,

 

A business analyst is involved in the preparation of the requirement documentation, analysis of the functional issues, supporting the project team throughout the project life cycle and successful delivery to the client. The basic skills which a business analyst aspiring for a BA job in the finance domain should have are:

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a) Functional knowledge – the finance domain as such is huge and has immense potential for the right candidate to grow. There are several subsets of the finance industry wherein you can be in the banking industry, financial services or the finance or accounts department of a user company. Wherever be the financial job role be, the functional knowledge required is broadly the same. The requirements include the basic knowledge of financial accounting and management, understanding of the primary KPIs(Key Performance Indicators) if required, basic knowledge of the operations in the front and the back offices of the financial organization.

b) Management Skills – A prospective business analyst in the financial domain should have be proficient and experienced in people management, good communication and leadership skills, excellence in project and change management. As  a business analyst is a conduit between the users and the technical team, its vital that the BA has professional experience in handling such project teams and resources

c)Technical skills – Right from being brilliant in MS – Office tools such as Word, Excel, Access, Visio to being hands-on in the programming languages. A business analyst should be up to date in the latest technology trends and the software packages launched recently, so as to be capable of providing a viable and innovative solution.

d) Educational background – if the prospective business analyst candidate is from a management educational background or has had a finance related education.

In case of a financial industry like the banking domain, there are several types of banking   like retail, corporate, investment etc . The business processes of each of these industries are somewhat different and the business applications and other technology tools being used are also varied. We can discuss in the detail the knowhow required for the various categories here:

Business Analyst And Health Care Domain

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Health Care is a very important industry that contributes to the growing world economy.  Health Care and Pharmaceuticals sector have a certain way of working that is essentially different from the other sectors.  There are a lot of norms and regulations set by governing authorities that are to be followed by health care professionals.  This applies to a Business Analyst (BA) too, who has projects dealing with the Health care domain.

The basic principle of success of a Business Analyst is that he needs the right balance of information and technical knowhow to successfully complete his job in any sector. This dictum applies to the Health Care sector as well.

A Business Analyst should be well versed with the information that is needed for a professional to work in the Health care domain. Since he has to analyze the processes and then help in the development of essential software for the projects in the health care and pharmaceuticals sector, he needs to have both – the information required of a Health Care professional and the technical knowledge required for the establishment of software designed for this sector.  With the adequate knowledge of both these        pre-requisites, a Business Analyst can be confident of carrying out his job to the client’s satisfaction.

Business Analyst Phone Interview Skills

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A person who enjoys new and ever-changing challenges and has IT skills might think about a job as a business systems analyst. To get this type of job, you will need a university degree that concentrates on information technology, along with math, economics, accounting, etc. A master’s degree is usually a requirement for a truly successful and lucrative career.

Careers in the business analyst market might lead to exotic trips and a lucrative salary. Starting out, a business analyst could earn $75,000, depending on where you are working. The opportunity to earn more with each year of experience you have is a really amazing, especially in the business world. Shy or retiring people need not apply, because no matter how much you learn in school, new employees have a steep learning curve once they start working.

Any job, including that of a business analyst, isn’t a reality until a person is actually hired. Therefore, having a stellar application and super interview skills is vital. Right now, the trend is for an employer to call a potential employee on the phone for a preliminary interview, in order to decide which potential employees to grant an in-person interview.