12 Skills Every Business Analyst Should Have
/One of the most significant gifts of life is access to education. Education leads us to career choices. Being a successful business analyst requires you to have a specific set of skills at your disposal to adapt well to any environment - including one that is continuously shifting beneath your feet.
So, let's kick off this article by understanding what a business analyst does. After all, this is the career you want! As a business analyst, you will be expected to analyse a business domain and its documents, processes, and systems. You will need to understand how to assess the organisation's business model and improve processes for better services, products, and overall customer satisfaction.
So, let's evaluate the skills you will need to bring to the table before you go for that job interview.
Interpreting Direction
As a business analyst, you must know how to adapt quickly and understand the directions that are given to you. If you don't know what and why you are being asked to do what you've been told, you won't be able to deliver what's being asked of you. If you don't understand something, ask for more information. If a brief is unclear, do not hesitate to clear it up so you can deliver on the job.
2. Problem Solving Skills
It doesn't matter what your industry is; you need to solve problems as they occur, or at the minimum, propose solutions to business problems. Projects are often launched to solve business problems. Business analysts can help identify burning business problems and come up with possible solutions. They enable teams to solve the challenges before them, and they can negotiate carefully among stakeholders to come to the correct conclusions.
3. Critical Thinking Skills
As a business analyst, you must evaluate the multiple options in front of you. Critical thinking is a desirable skill for assessing and evaluating available options to address business needs.
4. Communication Skills
A business analyst must have the communication skills needed to facilitate stakeholder engagement. You need to facilitate meetings, make inquiries and listen to the business stakeholders you are working with. It would help if you also were comfortable using supporting technology such as Teams, Zoom, etc.
You may not have much experience just yet as a business analyst or the communication skills required, but that can change in time. You need to communicate correctly, ask insightful and meaningful questions about the project, and think about the information you need from the business. On top of all this, you need to communicate with stakeholders at all levels of the organization - from frontline staff to management staff.
5. Facilitation Skills
Often, businesses prefer to use email for communication, especially when an email trail needs to be maintained or a conversation needs to be formalized. Never underestimate the importance of a face-to-face meeting or workshop, however. It's far easier to bounce off the right people in a face-to-face conversation than via emails.
6. Listening Skills
A successful business analyst listens as much as they communicate. You have to absorb and analyse the information given to you to be useful in your role. You have to understand what you're being told as much as you need to hear it because context is so important. Voice and body language are important and can help you decipher what is really being asked of you. That said, if you have no idea what the other party is on about, ask. You can't get anywhere if you're not asking the right questions.
7. Presentation Skills
As a business analyst, you may need to facilitate a presentation or workshop of some kind. You need to confidently stand up and speak to groups of people about your project. You should dissect your content and make it clear in front of your audience that you know what you are talking about. The information you will be in charge of presenting will be discussed in detail, so you need to be ready to answer questions.
8. Time Management Skills
All business analysts must be able to manage their time correctly. Prioritize the business activity you need to keep up with, and you won't have a problem with time management.
9. Documentation Skills
A large part of the role of a business analyst is delivering a range of documents (e.g. specification documents). You should be able to provide these clearly and concisely such that they are easy to understand. This skill will take time to develop, particularly if you are a beginner and don't yet have the skills to prepare the documentation required for the role. Developing your writing skills is an excellent place to start, however.
10. Stakeholder Management
You will need to learn how to deal with stakeholders from the moment you begin your job as a business analyst. Stakeholders do have a level of power and influence over your project, and you need to know how to manage them so you can set the right expectations and get their input and support for the project.
11. Modelling Skills
You need to develop your modelling skills as a business analyst. You'll need expertise in modelling and the supporting tools that enable you to convey vast amounts of information. Visual models will allow you and your stakeholders to discuss in detail and engage at a level that everyone understands.
12. Technical Know-How
There are plenty of tools that new business analysts should have at their disposal to do well in their role. This includes essential office tools like PowerPoint and Excel, but you will also need Microsoft Visio as a professional visual modelling tool. You should also explore modelling tools like Enterprise Architect; management tools like Caliber and DOORS, and any other tools that can help you manage your daily tasks.
Here's an article based on skills that any business analyst or career enthusiast should practice for a promising career. In every interview, recruiters look for some core competencies like Communication, decision-making skills, Leadership, Teamwork, Trustworthiness.
The financial health of a business is its lifeblood. Every decision, from small operational costs to large-scale investments, hinges on the company's ability to maintain financial stability. In today’s competitive business environment, the ability to make informed financial decisions is more crucial than ever.