Business Analyst and Finance

31 Mar

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It is typical knowledge that Business Analysis requires a clear understanding of the organization one operates in and then help in executing the projects involved in the working of the organization. Correct from the word go, a Company Analyst ( BA ) has to take care of the client needs, finish user specifications, likely difficulties involved in development and execution, existing and proposed technique modalities, and the functional processes involved in the project to be capable to execute it to the client’s satisfaction. This is a requirement of the quite profession of a BA. This becomes the common description of the nature of function of a Business Analyst.

How does it differ or rather specify in a different way for the Finance domain?

The most essential requirement for a BA is to understand the intricacies of the domain, he is functioning in. So, in situation of the finance domain, a BA need to know the functioning of the general way of functioning of finance business and of program, the specific way of working of the specific sub domain under the finance domain, that he is operating in. examples of these specific sub domains could be Asset Management, Capital Markets, Equity Markets, Wealth Management, Portfolio Management, Banking, Accounting, Taxation, Treasury, Audits, Insurance, Danger, Valuation, Mergers and Acquisitions, Mutual funds, Debt Markets, Foreign Exchange, Advisory, Study, Corporate Finance and so forth.

Since these sub domains have distinct sets of guidelines and regulations, coupled with particular terminologies for each sub sector, a good grasp and understanding of the various terms utilised in the day to day functioning of these sub domains will hold a Company Analyst in excellent stead. Expertise of overall performance metrics in the sub domains is often beneficial to a good BA and that shows he knows how the ambitions are set and overall performance is measured in the sub domains.

Apart from possessing standard expertise of the front workplace and back workplace operations, the Company Analyst should also have very good communication abilities and great management capabilities to function effectively. As is known, a Business Analyst is a bridge among the technical group which comprises of software developers and software engineers, and the finish user, which is the client of the project. If the bridge is not well-oiled and is rusty and shaky due to the fact of lack of information on part of the Business Analyst, the project shall fall apart. Hence the company analyst must make sure he is up to date with the latest developments in the area that he is functioning in, and the distinct requirements of the project.

Very good management skills will enable the Business Analyst to comprehend the requirements of the finish user as nicely the problems faced by the technical developers in reaching the requirements desired. The technical skills of programming and coding and knowledge of latest software must be also be known to the Business Analyst so that he can recognize the functioning of the technical team and be in a position to manual them appropriately to execute the project to success.

11 Responses to “Business Analyst and Finance”

  1. Pierre February 19, 2013 at 8:01 pm #

    What is the monthly salary of a Business Analyst after taxes in NY, NJ and other cities.

  2. Guillermina March 18, 2013 at 1:17 pm #

    I am going to school next year and plan to major in business and maybe minor in math. I don’t know what i want to do when i am older though. I am a very determined person and am not afraid to take charge. I have a strong personality and want to make a good amount of money so i do not have to depend on my husband. Any ideas are welcome!

  3. Jude May 2, 2013 at 7:00 am #

    I’m a finance major/mis minor and im looking for a career that integrates both finance and technology together. I’m hoping to find a job in an IB. Is a Business Analyst the right career? I’m not technical, i’m more business oriented.

  4. Dana May 5, 2013 at 6:55 pm #

    I graduated with a business degree and am currently unemployed. I worked for about 10 month as a stock broker and got my series 7/63 but all the cold calling just wasn’t for me, I wanted a more hands on job in finance like a financial analyst or a trader. The job market is really competitive so I wanted to take this free unemployment time I have to make myself more desirable to employers by learning a skill like vba, sql or java to help land my dream job. Which skill would help boost my resume the most?

  5. Joshua May 7, 2013 at 1:55 pm #

    I currently have experience using Access and Excel as a Business Analyst but no Financial experience. Next year I’m planning on beginning either an MBA w/ focus in Finance or an MS in Finance.

  6. Robbie June 8, 2013 at 4:32 am #

    I’m interested in building a career in Finance soon but I’m not exactly sure what someone in that field would need to succeed. Could someone help me out?

  7. Angela June 24, 2013 at 6:48 pm #

    I looked through a few job descriptions and noticed that alot of Financial analyst position ask for totally different types of certifications and experience. What is the most average job experience I should get while going after a career in business finance.

    My goal is to start off as a financial analyst and then either become an investment banker or move on into starting my own firm.

  8. Lane July 16, 2013 at 10:19 pm #

    What are the steps if you wanted to work for a top company?
    E.g what choices at A level, what university to go to in UK/USA, what degree to get etc.
    What should be done after 5 years of working as an investment banker? Is a business analyst better?

  9. Hobert July 18, 2013 at 7:48 pm #

    I have a job offer in which I would be working 3 main functions, doing financial analysis, marketing database development and maintainence, and working on marketing and operations projects. I currently have an analyst title (marketing research analyst), and would rather have a title that indicates a promotion, as it is a pretty hefty salary increase. The company has indicated they are flexible with they title, which they have named Senior Business Analyst. (the senior part doesn’t do it for me in terms of showing what I would like to) I don’t know if they would go for an AVP title, but if they would, AVP of what? Marketing and Finance? They do not have an AVP in either role currently, though they have a number of AVP’s in other areas. They might be more apt to choose something in between Sr. Analyst and AVP. But what would that be? The position reports to the EVP/CFO and is under the Finance area. This is the banking industry. Thanks in advance!

  10. Sean July 23, 2013 at 1:56 am #

    I have a degree in business administration option in information systems (just Graduated) and have minimal experience with PL/SQL, relation data base. What is the initial path I should take and things I should learn in order to develop my Business Analyst (BA) skills
    I am also interested in the salary range for this type of position

  11. Dawn July 29, 2013 at 2:19 am #

    What are the steps in becoming a successful investment banker?
    What are the steps if you wanted to work for a top company?
    E.g what choices at A level, what university to go to in UK/USA, what degree to get etc.
    What should be done after 5 years of working as an investment banker? Is a business analyst better?

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