Before you take the leap into a new career, there are certain precautions to be aware of.
Is the job in high demand? How can you become certified for it? Most importantly, what are the skills required to excel at it?
One of the most in-demand skills now is Business Analysis but to excel at it, you need some soft transferable skills.
The reality of the digital age is that you can do whatever you want if you simply set your mind to it. However, it can be difficult to make a career change if you’ve been practicing a particular one for a while.
For instance, if you’ve spent 15-20 years as a financial auditor, you may be quite hesitant to start afresh in another field. That’s normal but change can bring immense rewards, especially when you choose a career path like Business Analysis.
Here’s why you should change your career path:
If you often find yourself unfulfilled or uninspired by your current job, it may be a clear sign that it's time for a change.
Some career fields are low-income and no matter how high you climb the corporate ladder, the compensation may never match the demand. If you are in such a field, you may need to change your career path to an in-demand one like business analysis.
The ripple effect of technology being introduced into various sectors is that employees can also grow and keep learning. If your current career path doesn’t evolve with trends, then you may need to switch and prioritize your growth.
If you fall into any of these categories, then you should consider switching to business analysis. But as mentioned above, you need to understand what is required of you before delving in.
In the next section, we’ll explain the top 5 soft transferable skills you need to be a business analyst.
Below are the top 5 transferable soft skills that can make you a fit for business analysis:
Have you ever heard that you have a knack for solving problems? Perhaps your friends or colleagues often praise you for solving problems swiftly and efficiently.
If this is you, then you already possess a crucial skill for business analysis. Truth is, business analysts are problem solvers at their core; they are responsible for identifying issues within an organization and implementing effective solutions.
Only those who pay attention to detail can be business analysts. If you find yourself frequently spotting errors where others don’t see, or calling attention to a detail everyone missed, then yes, your skill is transferable.
Business analysts often work with vast amounts of data and complex systems, where missing even the smallest detail can lead to significant errors.
Not everyone can communicate effectively. If you often notice your colleagues and friends coming to you for better explanations of tasks, then your communication skill is probably great.
As a business analyst, you would always be gathering requirements from stakeholders, explaining complex concepts to team members, or presenting findings to executives.
So strong written and verbal communication skills are essential.
Critical thinking means evaluating information, assessing risks, and making informed decisions. These decisions could be based on data, predictions, or trends.
Business analysts are required to critically analyze data and trends; and help organizations make strategic choices.
If you're known for your ability to think critically and make data-driven decisions, you'll thrive in business analysis.
It’s important to always understand and manage emotions effectively. If you can master both your own and those of others, then you can transfer the skill to business analysis.
Business analysts are constantly building positive relationships and resolving conflicts so emotional intelligence comes into play.
Making a career change can be a rewarding experience, especially when moving into an in-demand field like business analysis. If you find yourself unfulfilled, in a low-income field, or in a stagnant career, it might be time to consider this transition.
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