Originally Posted by Hollo and Gonch:
“I was shocked by those salaries too.
What do business analysts actually do? I have no idea what that job involves - I'm genuinely interested.”
Business Analyst like project Management is a function that can vary according to the industry, however their main function is to identify ways a business can improve the way it works. i.e. A BA may work on identifying new processes to improve profitability or may be more IT centric in identifying IT requirements for a business and capturing users requirements.
A very short summary of tasks includes
Analysis of the business model
Data flow analysis
Capture and review of users requirements via running and facilitation of workshops
Political skills in managing and identifying solutions to conflicting requirements.
Production of Business requirements documentation and selling solutions to company directors
Work with the rest of the team to ensure the project is being implemented correctly and are delivering the improvements they were intended to fulfill.
In some companies BA's can work in a junior Project
management role with a programme manager .
Normal contract rates for BA's are in the region of £400 - £500 per day. So £100K is actually an average salary.
Couple of examples of the type of work are:
1) Identifying the requirements for a new credit card product
2) Identifying the requirements for a new ERP solution for a business.