Senior Business Analytics Professionals Examine A Company’s Or Customer’s Business Processes To Identify Opportunities And Strategies That Will Improve Business Performance. 

They help the client or company to implement business strategies in such a way as to achieve the objectives predetermined in the organizational charter.

What are the duties of a senior business analyst?

A senior business analysis expert faces different job descriptions depending on the organization he plans to enter; however, the essential duties of this person should include the following:

• I am analyzing, compiling, presenting, and following up on the strategy, strategic priorities, and business development plans related to the organization.
• Studying the macro trends, observing the domestic and international market in the specialized field of the organization, and presenting analytical reports and suggested solutions.
• Management of large-scale projects in the specialized field of the organization, finding complications, and providing corrective suggestions to improve quality.
• They present various reports on the organization’s current projects and their progress in the specialized field.
• Research on new services and digital business services.
• We review and analyze current products and provide solutions to optimize revenue models.
• Examining the daily market trends of Iran and the world.
• We are identifying new opportunities to expand the scope of cooperation with different brands and businesses.
• Review and analysis of competitors, market, customers, and complementary products.
• We are conceptualizing, defining, designing, and redesigning the business model of new and current products and improving the value proposition.
• We are developing product development, marketing, sales, and branding strategies.
• I provide written reports on the progress of projects and group actions to the management.
• We are documenting research results in the form of PowerPoint and Excel reports.

What skills does a business analytics primary need?

Typically, organizations seek to recruit individuals with at least a master’s degree in business, industry, management, or computer science. One of the most important skills a business analytics significant needs is the ability to work on multiple projects. A business analysis major should work on three types of projects at the senior level.

The first COTS outsourcing project is Commercial Off the Self, prepared for customers. The second case is the design and development of new projects within the organization that describe the new policies of the organization.

The third is to improve current projects to make significant progress in them. Each of these projects requires different techniques and skills. Working on various projects gives you the knowledge to understand better the methods that improve the performance and progress of tasks. Another essential point you should consider is the BABOK and PMBOK standards.

The BABOK standard titled Business Analysis Body of Knowledge deals with processes affecting the business analysis. The BABOK standard teaches you how to implement planning and management in business, identify goals that can be extracted from the company, validate the needs of a company and ongoing projects, and provide a suitable solution to meet the requirements. , how to make a precise schedule to reach the set goals, and finally, document all the processes.

The double standard you should consider learning is the PMBOK. PMBOK stands for A Guide to the Project Management Body of Knowledge. This measure identifies various components that are essential to the project management process.

In addition to the mentioned skills, a senior business analysis expert must have sufficient and accurate knowledge about the following concepts.

• I am getting to know how to model the business process.
• Adequate knowledge of office suite software, especially Excel and Microsoft Visio, is beneficial.
• Excellent problem-solving and analytical skills.
• Knowledge of the principles and methods of business analysis in the field of products or services of the organization.
• Analysis of innovative businesses.
• Formulation of strategy and strategic priorities and analysis of growth cores.
• We are providing solutions and developing business proposals according to the developed strategy.
• Knowledge of the state of the industry and the organization’s target market, successful trends used by startups.
• Knowledge of the principles and methods of analysis and compilation of proposals and business proposals.
• Relative mastery of the technical and business topics of various fields related to the organization’s activity.
• Among the soft skills that these people should have are the following:
• The ability to analyze the situation and carefully examine the conditions of the problem.
• Ability to persuade and communicate effectively.
• Creativity in designing innovative solutions.
• The ability to follow up to achieve the result and provide the expected output.

How much does a business analyst earn?

The amount of salary that private organizations pay to these professionals depends on this person’s experience and skill level. In addition, the size or smallness of the organization plays a vital role in the payment of wages.

However, startups that require a senior expert in business analysis in areas such as process development pay an average of 3 to 5 million Tomans ( in 2019 ) to these people, while this figure reaches 8 million Tomans for large organizations. However, as we have mentioned, the level of experience, skills, and international and university degrees influence this field.