Business Analytics Careers and Job Market Opportunities
Opportunities for business analysts have exploded as major organizations have adopted data driven and technology focused approaches.
Business analytics expertise is scarce - ranked second in a Computerworld survey on the most difficult skills to find. McKinsey Global Institute reports that the United States could face a shortage of between 140,000 and 190,000 individuals who possess deep business analytic skills and an additional 1.5 million managers with the skill set to implement the results.
Eighteen percent of the IT executive respondents to Computerworld’s “Forecast 2014 Survey” said they planned to hire for business analytic skills in the next 12 months.
As demand for business analysts has continued to grow, their compensation has followed. Computerworld’s “Salary Survey 2013” listed an average total compensation for IT technology/business system analysts at $79,628, up 3.8 percent from 2012.
Walmart, HP, Deloitte Consulting and Chevron, heavy users of data analytics, expressed interest in hiring to meet the need in the Computerworld survey.
Example of business analytics jobs include: BA Strategy Consultants, Business Intelligence and Performance Management Consultants, Advanced Analytics and Optimization Consultants, Enterprise Information and Management Consultants, Enterprise Content Management Consultants, among others.