What does a Business Intelligence Analyst do?
Business Intelligence Analysts are responsible for producing finance and market intelligence reports. They collect data through different avenues, including mining transactional information, client feedback, and other industry-related data. The mining is normally done using Business Intelligence (BI) software and tools. A Business Intelligence Analyst will then analyze the data to develop business competitiveness in the marketplace.
Business Intelligence Analysts allow businesses to take advantage of the robust data analytics tools and large volumes of data available about markets and consumers. They help businesses to pick out competitor and industry trends, identify new opportunities, and recommend improvements to increase efficiency and profits.
Business Intelligence Analyst skills and qualifications
A prospective candidate possesses both skills such as programming and data engineering, and soft skills such as analytical thinking and communication. Key skills to consider include:
- Keen eye for details and high accuracy in performing tasks
- Practical knowledge of programming software used for data analysis such as Python, R, and SQL
- Exceptional organization and presentation skills
- Analytical mind with strong problem-solving skills
- Good written, verbal, and interpersonal skills
- Familiarity with data collections protocol and software
- Excellent forecasting and analytical ability
Business Intelligence Analyst experience requirements
For entry-level positions, prospective candidates may have three years experience in analytics or business intelligence visualization. A successful Business Intelligence Analyst possesses a broad range of analytical tools and knowledge of handling social media platforms. In addition to this, the candidate is expected to have proven experience as a collaborative player in a fast-paced environment. They are willing to work extended hours as needed. The candidate should also have experience in integrating software and programs to data services.
Business Intelligence Analyst education and training requirements
In general, a good candidate has a bachelor’s degree in mathematics, statistics, computer science, economics, finance, or another business-related field. Candidates with a degree in an unrelated field, but who have relevant professional certifications such as business intelligence certification or software knowledge can also qualify for an entry-level role. It may also be essential for the candidate to know how to operate certain software programs, such as databases, SQL, Tableau, Microsoft Office, and web-based analytics applications. For senior positions or organizations that handle plenty of complex data, a Masters degree in Business Administration (MBA) is ideal.
Business Intelligence Analyst Salary Expectations
According to Indeed Salaries, the average salary for a Business Intelligence Analyst in Canada is $72,737 per year. This may vary depending on the candidate’s education, previous experience, and the company’s location and size.
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