Business Intelligence Analyst Job Description, Skills, and Salary
Get to know about the duties, responsibilities, qualifications, and skills requirements of a business intelligence analyst. Feel free to use our business intelligence analyst job description template to produce your own. We also provide you with information about the salary you can earn as a business intelligence analyst.
Who is a Business Intelligence Analyst?
Companies in today’s business world are in need of employees who can evaluate vast amounts of data to provide relevant business insights. To achieve this, a business intelligence analyst is needed.
A business intelligence analyst is a specialist who helps a company boost its efficiency and profits by putting the data it already collects to good use. They are in charge of examining the organization’s data to prepare accounting and marketing intelligence reports, which are used to identify patterns and trends in a specific market that could affect the organizational framework and future aspirations. Analysts in business intelligence apply their critical thinking and analytical expertise to enable companies to develop and grow.
They are directly involved in using data to assist companies in making decisions. They make data-driven business decisions as a result. They are also known as business intelligence analysts. They are in charge of collecting, cleaning, and analyzing data such as revenue, sales, market information, and customer engagement indicators for a company. For example, they might look at market trends to see how a company’s product or service might need to change. BI analysts can uncover trends that can help other departments, managers, and executives make business decisions to enhance processes in the organization by using data analytics, data visualization, and data modelling techniques and technologies.
BI analysts are frequently required to program tools and data models to aid in the visualization and monitoring of data.
They have a diverse set of data analytics abilities that will serve them well in the realm of big data, particularly data analysis, as well as a deep business understanding that is essential in this profession. More importantly, they have the technical knowledge and are commercially aware, i.e., they grasp what the market is saying and what it genuinely requires, and to do so, the analyst must put himself in the shoes of the client.
Business Intelligence Analyst Job Description
Below are the business intelligence analyst job description examples you can use to develop your resume or write a business intelligence analyst job description for your employee. Employers can also use it to sieve out job seekers when choosing candidates for interviews.
The duties and responsibilities of a business intelligence analyst include the following:
- Breaking down and understanding important business data, as well as presenting the results
- Managing, retrieving, analyzing, and developing the company’s database.
- Reviewing and validating customer data gathered.
- Establishing procedures and policies for data collection/analysis before usage.
- Obtaining information about the company’s competitors to establish profitable plans.
- Working with management and coworkers to implement changes.
- Assisting businesses in utilizing their available data to identify areas for improvement.
- Collaborating with IT teams on the launch of new hardware and software products/services.
- Assisting the Human resource department in hiring other data specialists, such as data architects, when needed.
- Developing new analytical models and ways to standardize data collecting for a company.
- communicating and cooperating with all stakeholders, presenting critical performance measures, and generating reports to communicate data-driven information.
- keeping up with business and industry developments in general.
- Obtaining business intelligence from a range of sources, such as company data, industry and field reports, public data, and paid sources.
- Identifying and monitoring current and future customers using business intelligence data and tools.
- Using business intelligence data and tools to identify and monitor current and potential customers.
- Constantly developing and managing business intelligence solutions for the organization
- Gathering data through mining the company’s computer data, and looking at competitor data and industry trends.
- Participating in meetings with the IT and business development departments.
- Updating all business intelligence tools as well as databases, dashboards, etc when necessary.
- Designing all tools and systems needed including the design of related databases, and spreadsheets needed for Business intelligence.
- Drafting report processes and Excel visual basics applications through the application life cycle.
- Developing and Managing Business Intelligence (BI) solutions.
- Using business intelligence data and tools to identify, monitor,
- and track present and future customers.
- Developing and administering business intelligence solutions for an organization that collects data through mining the company’s computer data, analyzing competitor data, and researching industry trends.
- Attending meetings with the IT and business development departments.
- Keeping business intelligence tools, databases, dashboards, systems, and methodologies up to date.
- Designing connected databases, spreadsheets, or outputs for business intelligence tools or systems.
- Participating in Business Intelligence (BI) solutions development and management.
- Performing any other duty to be assigned to you.
The following qualifications are required to work as a business intelligence analyst:
- A bachelor’s or master’s degree in computer science, business, math, economics, statistics, management, accounting, or a related discipline is required.
- A minimum of 5 years of business analysis experience is required.
- Understanding privacy and data protection regulations are essential.
- SQL, Python, R, C#, Tableau, and Hadoop expertise is needed.
- Database management and business administration experience.
- Knowledge of C#, VSTO, SharePoint, SAS, Power BI, and the MEAN Stack is a major advantage.
- Knowledge of investment analytic tools such as FactSet, and Bloomberg, among others, is required.
Skills are tools that may be used in any business to help you succeed. To be effective in the field of a business intelligence analysis, you must possess the following abilities:
- Ability to use database tools :
Database tools are extremely useful for data analysis. Working with data will be a big part of your career as a BI analyst. It’s crucial to know how to manage data using basic data tools like Excel and SQL. Knowledge of data analysis technologies that provide machine learning solutions is also becoming more in demand among BI analysts.
- Ability to Visualize Data:
Data visualization is one of the technical skills that a business intelligence analyst should possess. Tableau and Power BI knowledge are frequently included in job listings as critical abilities. These tools aid in the creation of graphs and other data representations.
- Knowledge of coding languages:
As a BI analyst, you may be requested to develop systems or procedures to aid in data analysis and business monitoring. Job postings frequently ask for experience with coding languages such as Python, Java, and C#, among others.
- Financial and commercial knowledge:
As a BI analyst, you need financial and commercial knowledge. A thorough understanding of business processes and finance will be essential in making recommendations for enhancing the company.
- Communication Skills:
To convey insights, a business intelligence analyst frequently talks in front of groups or writes reports. Excellent communication and presentation skills are required to convey ideas with colleagues, which are frequently based on highly technical data, in an approachable, easily consumable manner. This function frequently requires written and verbal communication abilities to help synthesize research and recommendations.
- Networking skills:
It is stated that your net worth is determined by your network. Everyone should use networking as a strong tool. Networking allows you to meet like-minded people, create new friends, make connections, and build relationships that might lead to career guidance and assistance.
In addition to technical knowledge, networking is a skill that a business intelligence analyst may find useful. Networking is a frequent approach for job seekers to learn about possible employers and present themselves in a casual situation. You might discover open employment that isn’t advertised through networking, or you might meet people who are interested in hiring you.
It could also be a good approach to find out what employers are searching for when hiring for the position. In an informal networking atmosphere, you might hear comments that you wouldn’t get in an interview.
- Analytics skills:
Analysts in the business intelligence field should be able to think critically as well as understand data. They must be able to find and evaluate relevant data to provide reasonable business strategy recommendations.
- Interpersonal skills:
Business intelligence analysts collaborate with managers and other company employees. They must be able to work together to achieve the organization’s objectives.
- Time-management skills.
These professionals frequently operate under tight constraints and must manage their time effectively to complete assignments on time.
How to Become a Business Intelligence Analyst
Before beginning a career as a business intelligence analyst, you should learn everything you can about data. However, you can get started by following the instructions below:
- Pursue the first degree:
Anyone interested in a career in business intelligence can start by earning a bachelor’s degree in a field such as information systems, computer science, data science, business administration, engineering, or a related field that provides insight into business processes and organizational operations from a recognized university. A bachelor’s degree can equip you with the technical and critical thinking skills that BI analysts require.
- Complete an internship
Internships can be completed online or on-site. Depending on the institution and area of expertise, it can take anywhere from 3-6 months to a year. Many bachelor’s degree programs feature a business or industrial internship option, such as accounting. An internship program can help you gain the necessary work experience to qualify for a position as a business intelligence analyst.
- Consider professional certifications
For the position of a business intelligence analyst, some organizations may demand specific certificates.
Look for certifications for tools like Hadoop, Python, R, SAS, and others.
Furthermore, there are a variety of professional certifications you can pursue to demonstrate your expertise and understanding in areas relevant to the position of a business intelligence analyst. Credentials such as Microsoft’s Certified Solutions Expert in Business Intelligence, the Certified Business Intelligence Professional (CBIP), computer programming and language qualifications, and business administration certifications are also worth considering. Transforming Data with Intelligence offers the Certified Business Intelligence Professional (CBIP) certification to business intelligence professionals. Applicants must meet the qualifications before taking the exam, which includes at least two years of full-time experience and a bachelor’s degree in a related discipline.
Advance your Education:
After earning your bachelor’s degree, you can pursue a master’s degree to further your education. You can get entry-level work experience if you don’t want to pursue a master’s degree right away. If you opt to pursue an advanced degree, a master’s degree in business administration (MBA) with a concentration in business analytics is preferable, while master’s degrees are not required if you have adequate job experience and professional certifications.
A master’s degree can help you transition into a business intelligence analyst career by building on your experience and education. A master’s degree in information technology or in the area you want to concentrate in is also an option.
- Gain relevant job experience
Experience demonstrates that you are competent in handling a specific function. Everyone begins small; you can begin by working in similar job responsibilities to gain the necessary experience for this career path. Examine the job requirements for the business intelligence analyst opportunities you’re interested in to see if candidates must have a specific quantity of relevant work experience to be considered for the position.
Many employers favour applicants with relevant work experience in information technology (IT), management, or business intelligence. Internship programs and entry-level employment in your fields, such as data analyst or business analyst, may help you get the experience needed for the role of a business intelligence analyst.
- Search and apply for business intelligence analyst positions
Once you have the requisite education, experience, and certifications to be considered for the position of a business intelligence analyst, you may begin looking for open positions to apply for.
For information on the skills and qualifications the company is seeking, read the job description for each position you’re interested in applying for. You might also check with your current employer to see if a position as a business intelligence analyst is available or look for companies hiring business intelligence analysts on job listing portals. It’s also crucial to have a resume tailored to this particular role.
Your resume should showcase your skills and education, and it is important to include certifications and any side projects that highlight your experience.
Alongside applying, prepare for an interview. Interviews for a business intelligence position may include a mix of skill and behavioural questions to ascertain the applicant’s soft and hard skills.
- Never Stop Educating Yourself
Continuous education allows you to stay current, motivated, and relevant in your field. You can keep learning about coding languages and data science software.
Online classes can help you learn new languages and keep up with your abilities. Other options for coming up to speed include boot camps and intense courses.
Where to Work as a Business Intelligence Analyst
Business intelligence analysts can operate in a variety of industries, including but not limited to the following:
- Retail Industry:
The retail industry is one of the industries BI analysts can work with. With its data storage, business intelligence analysts can use BI, which is a key tool in preventing product loss in retail companies.
- Food Industry:
People today are more conscious of what they consume. Correspondingly, those in the food industry are being cautious when producing food.
Business intelligence analysts assist food manufacturers in finding new answers to old challenges such as the use of safer ingredients, environmentally friendly packaging, and distribution. BI analysts help organizations in this field study new “green” solutions using data mining and data collection tools.
- Financial/ Accounting Industries:
In this industry, BI analysts might work by providing solutions that enable financial organizations to analyze enormous amounts of consumer data to acquire insights into customer demands and attitudes about money that can be utilized to improve products and services.
- Information Technology Industry:
They can contribute by assisting in the creation of a future IT plan that focuses on the return on investment in technology solutions.
- Oil industry:
Business intelligence analysts can assist in the oil industry by analyzing geological data and earthquake testing to anticipate the location of the largest oil resources. With the help of BI software, marketers can keep track of the steady volatility of crude oil prices in real-time, allowing them to sell when prices are high enough and fold when prices are too low.
- Health Industries:
They can collaborate with the healthcare industry, particularly the pharmaceutical industry. The most serious issue in this industry is keeping track of the expiration dates of pharmaceuticals in storage. BI analysts can assist limit the chance of an expired product ever leaving the shelves by using business intelligence technologies. Pharmaceutical businesses can then operate within the confines of healthcare legislation.
Finally, BI analysts can work in a variety of businesses, including management consulting firms, digital media firms, energy generation corporations, the telecommunications industry, and investment/shareholding firms, among others.
Business Intelligence Analyst Salary Scale
Because of the high demand in various areas, such as banking, healthcare, manufacturing, insurance, technology, and e-commerce, a business intelligence analyst can expect excellent wages. Salary for a Business Intelligence Analyst varies greatly depending on experience, abilities, gender, and region. A Business Intelligence Analyst earns a national average salary of $93,758 a year. This includes things like lodging, transportation, and other perks. Employers should compare salaries offered by similar organizations in the industry or their geographic location to verify they are paying prospective Business Intelligence Analysts fairly.