Best Career Paths to Pursue as a Business Analyst

Business analysts have emerged to play key roles in current business scenarios. The actions and decisions made by business analysts leave a crucial impact on the financial projections of an organization.

To work as an entry-level business analyst, you must have a Bachelor’s degree in the required field. However, considering the competitive environment that we are in, it is only wise that you undertake a Master’s degree.

Here are the Top 5 Career Paths to Pursue as a Business Analyst

1. Marketing and Advertising Industry

The marketing and advertising industry is one of the most competitive markets considering the extensive research it requires. A skilled business analyst has the ability to combine promotion, price, and product in the right ratio to create something productive that gives the organization a competitive edge against its rival companies. Some of the top job titles for business analysts include:

• Marketing Manager
• Campaign Manager
• Market Research Analyst
• Advisor

2. Human Resources

Professionals working for the Human Resources department are often considered to be the core of any company. Thus, an HR analyst carries the burden of getting things done right for the business to function properly. Some of the responsibilities that one may have to fulfill while working are:

• Deep analyze statistics to uncover various effective recruitment patterns
• Analyse hiring practices
• Ensure that all business policies are in place and practice
• Ensure that all the employment regulations are being met
• Obtain metrics out of the HR network

3. Banking and Investment Sector

Pursuing your career in the banking and investment sector as a business analyst requires you to fulfill the below-mentioned tasks:

• Take financial decisions
• Review and analyze credit applications
• Ensure compliance with federal regulations
• Generate summary reports
• Structure documentation
• Look over financial models
• Make different risk assessments
• Create reports for collaterals and more

Some job titles that business analysts in this sector are offered include:

• Investment Analyst
• Bank Analyst
• Financial Analyst.

 4. Health Care Sector

Business analysts working in this sector generally work as a Healthcare Consultant or a Healthcare Management Analyst. Their jobs may include:

• Maintain databases for a medical facility
• Devise and execute various policy frameworks
• Provide and valuate inputs proposing to authenticate plausible solutions

5. FMCG/ CPG Industry

Business analysts have always had a significant role to play in the FMCG sector, and their importance has only grown after online deliveries have become an important part of our everyday lives. Working in a highly competitive market, these retail chains across the country hire qualified and skilled business analysts and research associates who are proficient in executing the following jobs:

• Sales process optimization
• Overall planning analysis
• Conducting market research
• Competitive analysis
• Many other important operations and internal activities are vital to the success of businesses

Where to Pursue the Course of Business Analyst?

Pursuing your course from a prestigious institute is vital as it helps in getting a good placement. Praxis Business School gives you a strong foundation when pursuing your PGDM Business analytics in Kolkata. Working with a team of knowledgeable and subject-conversant people, we ensure that you will get the best education in our institute.