5 Best Careers in Applied Business Analytics

5 Best Careers in Applied Business Analytics
Applied business analytics is a good space for any business-minded person interested in data and
analysis. You work with a lot of data in this field to solve business questions. There are a lot of careers
in applied business analytics. We have sampled the top 5 best for anyone looking to enter this field.
1. Business analyst
A business analyst’s path varies. Being one, you should bring business goals together with IT
materials together. Business analysts have the following roles in an organisation:
● Design and change business systems or IT systems.
● Gather business needs and requirements and provide full documentation of your analysis.
● Plan technical solutions using analytics and data available.
● Document functional designs of the systems.
● Deal with systems and developers to find out the execution of the system.
● Give a hand in evaluating the systems and creating user manuals for the same systems.
You could increase your qualifications through various methods. Including your Bsc in applied
business analytics, there are several certifications you can get: Certified Business Analysis
Professional(CBAP) and Certification of Capability in Business Analytics(CCBA).
The average price for a business analyst as of May 2018 was $85,660 yearly.
2. Financial analyst
Other than business analysis, you could enter into financial analysis. Financial analysts use data to
create models for decision support on a financial scale. The roles of a financial analyst in an
organisation are:
● Reporting any financial performance & prepare regular leadership reviews.
● Using past results in their current analytics to determine decision-making.
● Getting updated with the current trends in the financial sector.
● Working together with departments in accounting to ensure financial reporting.
● Guiding the organisation during cost analysis.
● Using data to suggest actions and make a comparative analysis.
● Guiding the organisation in improvements using the current trends.
● Fully automating the finance and accounting departments of an organisation.

Financial analysts get an average salary of $61,971 per year. You could better or lessen this according
to your expert level. Besides a degree in applied business analysis, you could get certificates. The two
major certificates are Certified Financial Planner(CFP) and Chartered Financial Analyst(CFA).
3. Data analysts
A career in data analysis positions you out to the world extensively. Data analyst jobs are available in
a lot of industries and markets. Most companies use data, which makes it essential to hire a data
analyst.
In data analysis, data is used to help employers make decisions in business. Other than that, a data
analyst has the following roles:
● Get data for analysis and organise it to do other job responsibilities.
● Compile reports on data and give management information used to make decisions.
● Collaborate with other members of an organisation to share data for decision-making.
● Be keen on data patterns to identify changes that may be hard to spot.
● Start operations to collect data through automated routines.
On average, a data analyst gets $100,354 annually. Nonetheless, this is relative according to your
skills. Skills in spreadsheets and data visualisation equipment are an added advantage.
4. Project managers
To become a project manager, you need skills in other applied business analytics-related careers. You
may be on the path to being a project manager in any career. Your roles as a project manager include
the following:
● Being in the whole process of a project. That is from the planning to the closure of the project.
● Getting skilled workers is required in any project you are managing.
● Coming up with plans for your team.
● Smoothening the execution of the project.
● Directing and overlooking each department’s plans in a project.
● Beware of all factors in your project. These factors include timeframe, resources, and budget.
Almost all industries need project managers. But, the three leading industries requiring project
management are Construction and Infrastructure, IT and Business Improvement, and Transformation,
bringing an average salary of $65,000-$149,000.
5. Business intelligence
Any person doing applied business analytics can jump into business intelligence. You grasp business
processes, data warehouses, and production systems in the business world.
The main role is finding out data about business in an organisation. And by business, we mean an
organisation's consumer intake, sales, and output. This data helps organisations learn new strategies
for how they conduct their business.
Conclusion
Applied business analytics is a great field with many competitive careers in the market. Acquiring the
needed skills in this field provides a good ground for anyone pursuing it. Regardless, you should
increase your skills through certifications and further learning.

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5 Best Careers in Applied Business Analytics

● Design and change business systems or IT systems.

● Plan technical solutions using analytics and data available.

● Document functional designs of the systems.

● Reporting any financial performance & prepare regular leadership reviews.

● Using past results in their current analytics to determine decision-making.

● Getting updated with the current trends in the financial sector.

● Working together with departments in accounting to ensure financial reporting.

● Guiding the organisation during cost analysis.

● Using data to suggest actions and make a comparative analysis.

● Guiding the organisation in improvements using the current trends.

● Fully automating the finance and accounting departments of an organisation.

● Get data for analysis and organise it to do other job responsibilities.

● Collaborate with other members of an organisation to share data for decision-making.

● Be keen on data patterns to identify changes that may be hard to spot.

● Start operations to collect data through automated routines.

● Getting skilled workers is required in any project you are managing.

● Coming up with plans for your team.

● Smoothening the execution of the project.

● Directing and overlooking each department’s plans in a project.

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