Big Demand for Business Analytics in Industry
“The Harvard Business Review named it as one of the 'sexiest jobs of the 21st century.”
Due to intensive competition among corporate giants, there is a continuous evolvement and re-designing of Business strategies base upon market analysis and here arises the need of specialist in Business Analytics.
Business Analytics (BA) refers to skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business Analytics focuses on developing new insight and understanding of business performance based on data and statistical methods. Organizations across India industries such as banking, insurance, telecom, IT/ITES, government, manufacturing, financial services, e-commerce are hiring analytics professionals. There is also a strong demand for managers with knowledge in analytics. Multiple functions such as marketing, risk management, supply chain management are showing a strong need or managers with analytical skills.
According to an estimate there will be a talent shortage of 140,000-190,000 professionals with analytical capabilities in the U.S. alone by 2021 in India itself, the requirement of Business Analytics professionals would be around 97,000 by 2021-22.
Skills in demand
The top 10 leading organizations which have posted the highest number of job openings this year are
Accenture
Amazon
KPMG
Honeywell
Wells Fargo
E&Y
Dell International
eClerx Services
Deloitte.
The top designations advertised are:
Analytics Manager
Business Analyst
Research Analyst
Data Analyst
SAS Analyst
Analytics Consultant
Statistical Analyst.
Entry level pay package for professional in Business Analytics could be as high as Rs.6 lakhs per annum while a Senior Business Analyst with 3 to 5 years of experience would get anywhere between Rs. 8 to 12 lakhs per annum . A Team Leader or a Lead Analyst with 5 to 10 years of experience would be making between Rs.10 to 14 lakhs.
Source
Career 360 Magazine
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