Crafting Your Career Transition: All You Need to Know About Becoming an Analyst in India

Are you considering transitioning into a new career in the form of an analyst? The good news is, the transition into such a career is achievable and very doable. You may find yourself needing to develop new skills and get additional qualifications, but it is all within reach with dedication and effort.

Analysts are in demand across a wide range of industries. In India, the average salary of an analyst is around 5-6 lakhs per annum. However, this will vary depending on your industry, location, and experience. So, if you’re looking to make this transition, here is your guide to getting started on the right foot.

Photo by Emanuel Ekström on Unsplash

Requirement of Skills and Qualifications

To achieve success in a career as an analyst, you will need to possess some specific abilities, as well as any qualifications that may be required in the specific industry and location. Firstly, you’ll need an in-depth understanding and familiarity with the technology and software you will be working with. This is likely to involve learning in the form of certifications and classes to get up to speed with the most current technology and software.

In addition to the technical budget, you’ll also need to be well-versed in areas that may be outside of your typical analysing domain, such as customer service and communications. Being able to communicate and build a relationship with customers is essential for analysts. Being able to communicate customer requirements, technical direction and project objectives ensures stakeholders are kept in the loop. This is an invaluable skill for analysts to have.

Create a Plan of Action

Different organisations have different requirements for analysts, so it is important that you research and have an understanding of the roles and type of work expected of you. Once you have a good understanding of what is expected of you, you should create a plan of action and use this as a roadmap. Set achievable goals and milestones to help guide your journey into becoming an analyst. This will remove some of the uncertainty and provide you with the focus needed to achieve success.

For those looking to transition, develop a plan of action. This plan should include detailed goals, objectives and a timeline. Use this plan as a roadmap to guide you towards success. Update the plan over time if needed, as you will inevitably learn more about the role and its requirements as you go.

Getting Hands-On Experience

Hands-on experience is paramount for an analyst. It is essential for working with complex data, which will form the basis of your analysis. Using data from real-world projects is key to understanding customers’ requirements and the best way to tackle projects. This can be done through traditional methods such as job shadowing or internships, or by seeking out tangible examples of analysis through academic portals or through other analysts’ work.

In addition to getting hands-on experience with real-world projects, you should also continue your education through courses, certifications and conferences. This will help you stay ahead of the game when it comes to new developments and trends in the industry.

Real-Life Examples

Getting inspiration from other analysts is key to success. There are plenty of success stories from analysts who have made successful transitions around the world. For example, Bhawani Sapkota, an analyst from Mumbai, who began his journey in an education-related start-up, eventually moved on to work for various corporations and multinationals. He shares his experiences, which come from his vast knowledge and experiences working with data and analysis.

Another inspiring analyst is Mitali Basu, based in New Delhi. She is a senior business analyst and the head of operations at a financial model agency. She has transformed her education, experience and technical acumen into a successful career in analytics. She is passionate about data and loves to solve complex situational problems.

Overcoming Challenges

Although getting started in the field of analytics can seem daunting, with the right guidance and commitment, you can overcome any obstacles and make it to the finish line. Some of the challenges you are likely to face include committing enough time to learning new software and technologies, identifying customers’ expectations, studying customer feedback and requirements, and understanding processes and policies.

To overcome these challenges, ensure you dedicate enough time to learning new skill sets, such as the programming language and the latest software. Keep upskilling and learning the latest trends and technologies in your industry to stay ahead of the curve. Finally, seek out advice, guidance and support from experienced professionals in the industry.

Actionable Steps for Career Transition

If you’re looking to make the transition, here are some actionable steps to help you on your way:

• Research and develop an understanding of the roles and expectations of an analyst.
• Create a plan of action and set achievable goals and objectives.
• Gain hands-on experience through traditional methods and through the work of other analysts.
• Continue your education through courses, certifications and conferences.
• Seek out inspiration from experienced professionals.
• Commit the time and energy to mastering new software and technologies.
• Understand customer feedback and expectations.
• Develop the ability to communicate and build relationships.

Conclusion

Becoming an analyst requires a great deal of skill and knowledge. However, with the right actionable plan and dedication to learning, it is possible to make a successful career transition into the analyst field. As an analyst, you can expect to earn a competitive salary and enjoy a wide array of career opportunities across industries. Take the plunge and make the transition today!