An analyst is a professional who applies their analytical skills to gather, review, and present data in order to help inform business decisions. In India, analysts can work in a variety of industries and sectors, including finance, consulting, market research, and more. To become an analyst in India, you will typically need to have a strong educational background in a field such as economics, statistics, or business, as well as excellent analytical and problem-solving skills. Some analysts may also choose to pursue professional certifications, such as the Chartered Financial Analyst (CFA) or the Certified Business Analysis Professional (CBAP), to help advance their careers.
Qualifications and skills required to be an analyst in India?
Here are some common qualifications and skills that are often required for analysts in India:
- Educational qualification: Most analysts in India have at least a bachelor’s degree in a field such as economics, finance, statistics, or business. Some employers may prefer candidates with a master’s degree in a related field or with a professional qualification such as the Chartered Financial Analyst (CFA) or the Certified Business Analysis Professional (CBAP).
- Analytical skills: Analysts need strong analytical skills to be able to gather, review, and interpret data from various sources in order to help inform business decisions. This includes being able to identify trends and patterns in data, as well as being able to make logical and well-supported conclusions based on the data.
- Problem-solving skills: Analysts are often called upon to help solve complex business problems, so they need to be able to approach problems in a structured and logical way and be able to come up with creative solutions.
- Communication skills: Analysts need to be able to effectively communicate their findings and recommendations to both technical and non-technical audiences, so strong communication skills are essential. This includes the ability to write clearly and concisely, as well as being able to present data and ideas effectively in person.
- Attention to detail: Analysts need to be highly detail-oriented in order to ensure that the data they are working with is accurate and reliable. This includes being able to spot errors and inconsistencies in data and being able to verify the accuracy of their own work.
- Computer skills: Analysts often work with large amounts of data, so they need to be proficient in using computer programs and tools such as spreadsheets, databases, and statistical software to analyze and manipulate data.
Can you work as an analyst after engineering in India?
Yes, it is possible for someone who has an engineering degree to become an analyst in India. Many analysts have a background in fields such as economics, finance, or business, but an engineering degree can also provide a strong foundation for a career in analysis. Engineers often have strong analytical and problem-solving skills, which are important skills for analysts to have. In addition, an engineering degree can provide a broad base of knowledge and skills that can be applied in a variety of industries, including those that hire analysts. If you have an engineering degree and are interested in pursuing a career as an analyst, you may want to consider gaining additional education or training in areas such as data analysis, business analytics, or finance, in order to help you build the specific skills and knowledge you will need for a career in this field.
How much does an analyst earn in India? Fresher and experienced Analyst salary in India?
The salary for an analyst in India can vary widely based on factors such as the individual’s level of education and experience, the type of industry they work in, and the specific role they are performing. According to data from Glassdoor, the average salary for a fresher (entry-level) analyst in India is around INR 4.0 lakhs per year. With experience, analysts can expect to earn more, with the average salary for a mid-level analyst in India being around INR 7.0 lakhs per year, and the average salary for a senior-level analyst being around INR 12.0 lakhs per year. These figures are just estimates and should be taken as a general guide, as actual salaries may vary based on the specific factors mentioned above.
What are the certifications required to be an analyst in India?
While there are no specific certifications that are required for all analysts in India, some professionals choose to pursue professional certifications in order to help advance their careers or demonstrate their expertise in a particular area. Some common professional certifications that analysts in India may choose to pursue include:
- Chartered Financial Analyst (CFA): This is a globally recognized professional certification for finance and investment professionals. It is administered by the CFA Institute and is designed to assess a candidate’s knowledge and skills in areas such as investment tools, ethics, and financial analysis.
- Certified Business Analysis Professional (CBAP): This certification is designed for business analysts and is offered by the International Institute of Business Analysis (IIBA). It is designed to recognize individuals who have demonstrated a high level of knowledge and experience in the field of business analysis.
- Certified Data Professional (CDP): This certification is offered by the Data Management Association (DAMA) and is designed for professionals working in the field of data management. It recognizes individuals who have demonstrated expertise in areas such as data governance, data modeling, and data integration.
- Certified Analytics Professional (CAP): This certification is offered by the Institute for Operations Research and the Management Sciences (INFORMS) and is designed for professionals working in the field of analytics. It recognizes individuals who have demonstrated expertise in areas such as data analysis, business analytics, and predictive modeling.
Keep in mind that these are just a few examples of the many professional certifications that are available to analysts in India. There are many other certifications that you may want to consider depending on your specific interests and career goals.
Which all companies hire analysts in India?
There are many companies in India that hire analysts, including both Indian and multinational companies. Some examples of industries that commonly hire analysts in India include:
- Finance and banking: Financial institutions such as banks, investment banks, and asset management firms often hire analysts to help them make informed investment decisions, assess risk, and evaluate financial performance.
- Consulting: Consulting firms often hire analysts to help their clients solve business problems and make strategic decisions.
- Market research: Market research firms hire analysts to help them gather and analyze data on consumer trends, market conditions, and other factors that can impact business performance.
- Information technology: Many IT companies hire analysts to help them understand and interpret data related to their business operations, including data on customer behavior, sales performance, and more.
- Manufacturing: Manufacturing companies may hire analysts to help them understand and optimize their production processes, assess supply chain risk, and more.
- Government: Government agencies in India may hire analysts to help them make informed decisions about policy, allocate resources, and more.
These are just a few examples of the many industries that hire analysts in India. Analysts can also work in a variety of other sectors, including healthcare, retail, and more.
Here are a few examples of companies that hire analysts in India with good packages:
- Accenture
- McKinsey & Company
- The Boston Consulting Group
- Deloitte
- KPMG
- PwC
- JPMorgan Chase
- Citigroup
- Goldman Sachs
- Morgan Stanley
These are just a few examples, and there are many other companies in India and around the world that hire analysts as well. Keep in mind that the specific companies that hire analysts may vary depending on the specific skills and expertise you have, as well as the industry you are interested in working in.
