Business Analyst vs. Technical Analyst: What Are the Differences?
Learn about the two careers and review some of the similarities and differences between them.
Business analysts and technical analysts are both in-demand jobs with good salaries and opportunities for career growth. But what exactly do these roles entail? And what are the key differences between the two? In this article, we compare and contrast business analysts and technical analysts, discussing the skills, education and experience needed for each position. We also provide an overview of the job outlook for both roles and offer tips for those interested in pursuing a career in either field.
What is a Business Analyst?
A Business Analyst is a professional who helps organizations identify and solve problems through the application of analytical skills and techniques. Business Analysts work with organizations to understand their business needs and help them develop solutions to improve their business processes. They use their analytical skills to identify and understand the root causes of problems and to develop and implement solutions that improve business efficiency and effectiveness. Business Analysts also work with organizations to help them implement new technologies and business processes. They may also be involved in the development of new business applications and software.
What is a Technical Analyst?
Technical Analysts are responsible for analyzing data to help inform and direct business decisions. They collect and interpret data from a variety of sources, including financial reports, customer surveys, and marketing data. They use this data to identify trends and patterns, and then make recommendations to improve business operations. Technical Analysts also develop and maintain databases, as well as create and run reports. They may also be responsible for training other employees on how to use data-related tools and systems. Technical Analysts typically work in office environments and often collaborate with other members of a company’s decision-making team.
Business Analyst vs. Technical Analyst
Here are the main differences between a business analyst and a technical analyst.
Job Duties
Both business and technical analysts have duties that involve research, but the type of research they do differs. Business analysts conduct research into how a company’s products or services affect customers. They might interview customers to learn more about their preferences and then use that information to suggest improvements the company can make. Technical analysts perform research on a product or service to determine why it’s functioning improperly. Their work often focuses on identifying and correcting issues with technology rather than suggesting ways to improve it.
Job Requirements
Business analysts typically need a bachelor’s degree in business administration, economics or another related field. They might also pursue a master’s degree to gain more advanced knowledge in business analysis. Additionally, many business analysts pursue certifications through the Institute of Business Analysis (IBA) or the International Institute of Business Analysis (IIBA). These organizations offer training programs that teach professionals how to use business analysis software and other tools they might need on the job.
Technical analysts usually need a bachelor’s degree in computer science or another related field. They might also pursue a master’s degree to gain more advanced knowledge in technical analysis. Additionally, many technical analysts pursue certifications through the Institute of Electrical and Electronics Engineers (IEEE) or the International Society for Technology in Education (ISTE). These organizations offer training programs that teach professionals how to use technical analysis software and other tools they might need on the job.
Work Environment
Business analysts typically work in an office setting, but they may also travel to meet with clients and observe their operations. They often collaborate with other team members, such as marketing professionals or sales representatives, to develop strategies for a company’s success. Technical analysts usually work in an office environment, where they can access the necessary technology to complete their tasks. They may also visit client sites to evaluate their systems and provide solutions.
Skills
Both business analysts and technical analysts use analytical skills to understand a problem or need and develop a solution. They also both use communication skills to share their findings with clients or colleagues. However, there are some key differences in the specific skills each type of analyst uses.
Business analysts typically use skills like market research, data analysis and financial analysis to understand a company’s needs and develop solutions that can improve its bottom line. They also use project management skills to oversee the implementation of their solutions. Technical analysts usually have more of a focus on information technology. They use skills like systems analysis, database design and computer programming to develop solutions for companies. They may also use skills like network administration and web development.
Salary
The average salary for a business analyst is $80,401 per year, while the average salary for a technical analyst is $81,726 per year. Both of these salaries can vary depending on the industry in which you work, your level of experience and your location.