According to Florida Tech. Business analyst career and salary profile, it’s projected that demand for business analysts is expected to shoot up by 14% by the year 2024. Individuals interested in having a bright career in this field can prepare themselves by seeking one of the best business analyst certifications, such as CBAP certification or PBA certification. And the ones already in this field can further expand their knowledge and skills and have better pay by seeking a business analyst certification.
While in majority of the cases, having a business analyst certification is not essential, having a one can surely reap you benefits like:
- It will help to validate your skills
- Will help you get a better payscale, with average salary ranging between $78,980, and $75,410.
- Will aid in building a strong professional network and seek multiple career opportunities
As we know the importance of a business analyst certification, we also need to know which are the best ones in the market, i.e., the ones that will perfectly align with your learning objectives, help you learn the nitty gritty of business analysis and make you a better business analyst. We are here to let you know about some of the best business analyst certifications that will help you boost your career.
The best five business analyst certifications
Some of the best certifications that business analysts can take for a lucrative career ahead are detailed below:
Certification In Business Data Analytics (IIBA®- CBDA)
The International Institute of Business Analytics offers the certification in business data analytics, a non-for-profit organization focussed primarily on spreading knowledge and understanding on the detailed aspects of business analytics. It’s an online certification program and therefore you’ll find all the relevant exam material accessible via IIBA’s CBDA online page. The examination primarily covers the six Blueprint Domains mentioned in IIBA’s guide to business data analytics, including finding out the research questions, handling source data, analysis of data, interpretation and reporting of outcomes, and incorporating the outcomes in business policies.
Upon completion of the CBDA certification, you’ll be able to demonstrate that you are proficient in analytics and confident to apply it to businesses.
Certified Analytics Professional (CAP)
The Certified Analytics Professional certification is a highly valuable certification for business analysts, especially those seeking an entry-level position. The certification is a foundational level certification and demonstrates that the candidate is interested in building a career in the data analytics industry. This certification requires no prior work experience and is best suited for anyone seeking a new career in business analytics. The certification is offered by ‘INFORMS’ that focuses on seven key areas of business analytics and expects the prospective certificate holders to be proficient in all these seven areas. Upon completing this certification, candidates are expected to know everything, from identifying business problems to choosing the right methodology to model building. You can have access to all the study material and complete the certification by paying a fee of $300.
Microsoft Data Analyst Associate Certification
Microsoft is a market leader both in the computing world and business analytics. This certification is developed around Microsoft Power BI, which is Microsoft’s business analytics service. The certification course equips you with detailed knowledge on data modelling and presentation of insights driven from data and helps you apply analytics to resolve the challenges faced in business. It’s one of the affordable certifications costing you only $165, including the course material and examination fee.
IQBBA Certified Foundation Level Business Analyst (CFLBA) Certification
This is an entry-level certification course offered by IQBBA, making you eligible for seeking higher-level certifications in business analysis. The certification course has been tailored for individuals involved in business analysis processes, business modelling and improvement of processes. This certification primarily focuses on enterprise analysis, business analysis and process planning, business requirement analysis, validation of solutions, business improvement tools and techniques followed by innovation and design. Upon completion of this certification, you’ll be eligible to take higher level certifications, such as Certified Advanced Level Business Analyst (CALBA) and Certified Expert Level Business Analyst (CELBA).
PMI-Professional in Business Analysis (PBA) Certification
This certification has been developed for professionals involved in projects or programs, or are project managers working with analytics. The Project Management Institute offers the certification course, which is popular for offering world-renowned certifications in project management. This certification lays special emphasis on business analysis training with the help of hands-on projects. The application fee for the certification is $405 for PMI members and $555 for non-members. While the examination retake fees are $60 for PMI members and $150 for non-members.
So after learning about the certifications, you must be clear about their importance and how they can be instrumental in building your career. After completing one of the above-mentioned certifications, you can easily experience a hike in your salary, better career prospects and a strong professional network.