Business analysts look at how a company operates – conducting research and analyzing data to develop their knowledge – and suggest methods for the company to improve their practices and processes. This is usually done with the aim of helping the company to make more money, solve existing business problems and/or better achieve their goals.
The work of a business analyst is very closely related to the IT sector, and in some companies business analysts may be considered a technical job role and sit within an IT department. Nowadays, business analysts’ solutions for their clients will usually involve the implementation of new, or improved, computer systems, and the analyst’s role may extend to familiarizing the wider business with the benefits of this new technology and instructing colleagues on how it is to be used.
The Job Scope
- Analyses the structure of a business, how it uses technology and what its goals are
- Identify problems within a business, including through using data modelling techniques
- Communicate with senior people in organizations to find out what they hope to achieve
- Formulate ways for businesses to improve, based on previous research
- Persuade internal and external stakeholders of the benefits of new technology or strategies
- Oversee the implementation of new technology and systems
- Run workshops and training sessions
The average salary for a Business Analyst is RM4,528 to RM5,930 per month in Malaysia.
Senior Business Analysts
Senior business analysts often take on much more complex projects than that of an average business analyst, thus making their job that much more difficult and complex. Their starting salary is an average of RM 8,484 and a maximum of RM RM16,700.