Business Analytics: What’s Involved and Why You Should Study it?
Ready to take the next step in your career? Starting a business analytics course could be the way to go. Before you start searching for qualifications, you will want to know what’s involved and why you should bother. You’ve come to the right place!
To help you make the decision, here’s everything you need to know before you get started.
What is Business Analytics?
“Not everything that can be counted counts, and not everything that counts can be counted.” This quote, attributed to Albert Einstein, perfectly conveys the importance of business analytics. We live in an increasingly data-driven modern world. Needless to say, some of the biggest corporations around the globe rely strongly on data to inform their decisions. With that in mind, going into this sector could be a smart move for you.
The field of business analytics is a combination of technology and business studies. The subject blends both the use of programs to manage data and business theory. The result is a well-rounded overview of the topic. When you sign up to a business analytics course, you will learn to use a variety of business intelligence and data analytics tools.
Naturally, the types of tools you use may vary depending on where you study your qualification. Before you choose to embark on a course, you should spend some time researching what it entails. The better you understand the course that you’re undertaking, the easier it will be to determine whether it suits you and your professional goals.
What To Expect From a Business Analytics Course
As we have already mentioned, there’s a wide range of business analytics courses available. If you’re entirely new to the topic, you may want to understand a Business Analysis Foundation Training (BCS Exam). This course has no formal entry requirements, which means that it’s the ideal place to start for complete beginners. During the fully-accredited course, you will study crucial analytics topics including:
Consider this your introduction into the world of business analytics. It will help you build a foundational understanding of the subject area. When you have completed the course and passed the associated examination, you can choose to further your studies elsewhere.
Of course, it doesn’t end there. Many students choose to study business analytics as part of their bachelor’s or master’s degree. For example, you may choose to undertake an MSc in Business with Business Analytics or an Extended MSc in International Business with Data Analytics. Keep in mind that you will first need to complete a BSc in Business Studies or another relevant subject matter before you enrol in a course of this nature.
Why Study a Business Analytics Course?
The salary expectations are good
Let’s talk about money! The average salary for a Business Analyst in the United Kingdom is £35,471 annually, according to Payscale. What’s more, professionals at the top of their game with more than 20 years’ experience can expect to make around £48,000 per year.
There are many job prospects
It’s not all about how much you will get paid. You also need to know what your job prospects are. Luckily, since more and more businesses need this type of professional, you can rest assured that your chances of landing a role are high.
The world of data is growing
Spoiler: data is a big deal. An EMC Digital Universe Study previously predicted that 1.7 megabytes of new data would be created every second for every person on the planet by 2020. As the world of data grows, so does the way in which companies use it. Embarking on a career in business analytics now is a sure-fire way to stay ahead of the game.
Help businesses expand and excel
Don’t underestimate the power of a Business Analyst. This position takes a central role in pushing companies forward and helping them expand. The insights and information that you offer may prove to be a driving force in the future. One of the main reasons that business analytics courses have become so popular is because of its future potential.
It’s an interesting field
The primary reason you should choose to study business analytics is that it’s interesting. Learning what makes a company successful or otherwise is highly valuable. When you have qualified in this area, you will be charged with making crucial decisions that affect the future of a business. If that sounds appealing to you, it’s worth finding out more.
Think a business analytics course is right for you? Now that you understand the field a little more and know what you can expect, it’s time to dig deeper. The type of course you can undertake will depend entirely on your current experience and education level. Start looking at courses today and see which one suits you.