Discover the everyday job duties, desired skills, and required qualifications to pursue the career of a business analyst. Explore statistics on salary potential, employment growth, and the largest regions or industries for job opportunity.
Overview
Business analysts are responsible for examining the internal operations and processes of an organisation, creating strategies and solutions for improving efficiency, financial decisions, and customer satisfaction. They typically work with large sets of data and documented information to make informed, analytical decisions.
Day-to-day responsibilities may include assessing data on business budgets and financial forecasts, overseeing daily processes, and pinpointing areas of opportunity or improvement. They then communicate their solutions and interpreted data back to the business, and work with supervisors and company leaders to confirm final decisions.
Employment for business analysts is expected to grow quite strongly in the coming years – with a 20.2% projected increase in employment by 2025.
Key Skills
- Excellent critical thinking skills to analyse and make sense out of large sets of (structured or unstructured) data
- Sharp communication skills for liaising with stakeholders and company leaders; and presenting data in plain language
- Strong problem-solving skills for crafting substantial solutions to apparent business issues
- Excellent skills in statistics and mathematics
- A thorough knowledge of their market and common consumer demands
- Strong customer service skills for understanding user or consumer needs, measuring customer satisfaction, and strategising methods to improve this
Quick Facts
Business analysts can find work across Australia, with New South Wales and Victoria currently holding the largest share of employment. Weekly salary potential is much higher than the all-jobs average, with plenty of opportunity for full-time work.
Salary Range
$63,000 – $130,000 (Median: $94,000)*
Average Weekly Hours
44 hours (same as all jobs average of 44 hours)*
Main Industries
Professional, Scientific and Technical Services; Financial and Insurance Services; and Public Administration and Safety
Most Common Qualification Level
41.3% hold a Bachelor’s Degree
STUDY PATHWAYS
Getting the skills you need is simple by studying one of our information technology courses below.
- ICT50615 – Diploma of Website Development
- ICT50118 – Diploma of Information Technology
- Certified Cyber Security Professional
- Certified Data Science Professional
*Sources: payscale.com.au and joboutlook.gov.au – All information is to be used as a guide only, and are accurate at the time of publication.
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DDLS partners with world-class companies to help organisations and individuals in the IT industry remain up-to-date with new processes, technology and platforms to reduce risk and enable efficient business practices.
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