How to Become Business Intelligence Analyst in 2021?

Business Intelligence Analyst

Welcome to Sefisoft, It’s time to discover one more way to break into Data science. Yes, you guessed it right. We’ll talk about becoming the BFF of business performance. The business intelligence analyst will take a good look into who the BI analyst is, what they do,and how much zeros are tacked on to the end of their salary. 

 And last but not least, we’ll discuss what skills and academic background will help you become one. And if you yourself are considering a career as a bi analyst, great choice.

Bi analysts are some of the most in demand Data science professionals across many, many industries and business fields at the moment. However, if you lack the academic background or relevant skills for the job, it’s easy to get discouraged.

That said, You should know that acquiring these skills is absolutely possible. Even for complete beginners, there are plenty of qualification programs and online certificate data science trainings,

Alright, let’s talk about the BI analyst and everything you need to know about that career choice. First things first, becoming a bi analyst is one of several ways to get yourself on the data science track.

And if that’s what you’re aiming for, just keep in mind the other options to

  • Data analyst
  • Data architect
  • Data engineer
  • Data scientist

Who is Bi analyst?

Bi analysts are fierce business performance ninjas who possess a blend of business vision, consultant abilities and profound understanding of data. They join forces with senior management to shape and develop a data strategy analysis of key performance indicators or KPIs accurate overview of business performance and identifying areas that need improvement are also specialties and the BI analyst domain.

So far, so good. But what exactly does a bi analysts do? Well, they focus primarily on analyses and reporting of past historical data. Once the relevant data is in the hands of the BI analyst, that’s that monthly revenue, customers sales volume, etc.

They must quantify the observations, calculate KPIs and examine the measures to extract insights. Of course, the most important aspect of a bi analyst job is to continually improve their company’s competitive positioning.

Therefore, they examine their competitors, data trends, seasonality, and other random effects to quickly identify issues and best practices. On top of that, they create killer graphs and dashboards to review major decisions and measure effectiveness. So in a word, if you want to have an impact on the business world, become a bi analyst.

Well, maybe that’s easier said than done. But let’s see how much a bi analyst makes per year. Maybe that’ll have some inspirational effect on you.

How much a bi analyst makes per year?

Well, according to Glassdoor and PayScale. If you’re new to the profession, with one year of experience or less, you can count on $66,000 average pay. Once you’ve gained a few years of experience and you’ve honed your persuasion skills, your median annual pay can reach $79,000 plus $5180 average bonus.

You want to work across the pond. That’s all right. An entry level bi analyst in the UK can expect to earn an average total salary of 26,000 pounds and by all means, one to four years of experience will grant you a total compensation of 29,000 pounds.

What are the steps and qualifications?

So what are the steps and qualifications you need to become a bi analyst in the first place? Well, if you want to pursue the BI analyst career path, consider gaining some experience as a data analyst or a business analyst. A bi analyst career has a lot to offer, but you You definitely need some high level skills to get started.

That said, it makes sense to talk about the education and the skills themselves. We’ll start with the academic background. In general, landing a job as a bi analyst should come relatively easy if you have a BA in one or more of the following

  • computer science
  • mathematics
  • statistics
  • finance
  • Business Administration
  •  Economics 

But don’t be quick to discourage if your background is in contemporary dance or classical Indian literature. Because as we mentioned in the beginning, there are plenty of specializations and all around online certificate courses that will give you the knowledge and confidence required for the job.

And here’s a small tip. If you’re new to the data science field, an internship in the financial industry would be a great start. Not only will this help you understand all business processes, but you’ll also get a good idea of what projects a bi analyst undertakes.

Okay, from academia to the competitive data science job market. Here are the skills you need to become a full fledged bi analyst.

Skills you need to become Bi Analyst.

A data science job is all about the skill sets and the BI analyst path makes no exception. There’s a plethora of technical, practical and soft skills you should work on to fit the bill. First, let’s take a look at the technical side of things.

To become a bi analyst you’ll have to demonstrate excellent Excel, SQL and Power BI skills, along with some serious Tableau desktop and server abilities. Such competencies are key to developing graphs, dashboards, reports and presentations of project results.

And those are of major importance to a bi endless job. What about Python and are highly desirable. So make sure you put them on your things to learn list to all know if there’s a tool or technique that will help you identify, analyze and interpret trends or patterns in complex data sets. Just master it. You’ll thank yourself later.

What about practical skills?

Strong planning and organization skills, learning concepts quickly and applying them to come up with creative solutions, analytical skills, impeccable attention to detail, working independently in a fast paced and rapidly changing environment.

Designing rich data visualizations and dashboards to communicate complex ideas to business partners and leadership and presentation skills of persuasion, flexibility and adaptability.

But if you want to really stand out, there’s one more secret ingredient you should add to your bi analyst qualifications. Soft skills. You’ll need a team player mindset and a high pressure environment, verbal and written communication skills and willingness to assist and coach other project teams when required.

combine those with a fast understanding of other people’s needs. And you’re moving right on top of any data science companies recruitment list. Alright, that’s our review of the BI analyst job.

Hopefully, you got a sense of what to expect from the position and what you need to aim for if you want to land a job in the field. However, some extra career insights are always desirable.

So if you feel like you still need additional career advice, and a more detailed analysis of the career opportunities in data science then comment.

In the meantime, thanks for reading, and good luck on your Data science journey. 

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