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Mayo Foundation for Medical Education and Research

Business Analyst MCP

Career Insights for Business Analyst (General)

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Based on Minnesota data

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What they do

A Business Analyst provides strategic management consulting to companies and businesses. Advises on ways to improve operations, increase efficiency, reduce costs and increase revenues; may recommend systems or organizational change. May specialize in an area of business practice or a specific industry; may also specialize in consulting with government agencies.

$91,069 / year median in Minnesota

-10% projected decline

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Job Description

Provides business analysis services at a local, institutional or enterprise level. Understands and considers both the business and the technical needs of all customers with the goal of providing a quality product or process that meets the business objectives. Examines costs, benefits and risks associated with the proposed investment/project and recommends alternatives for solutions throughout the business life cycle. Collaborates with stakeholders and users to synthesize, articulate and document business objectives and requirements by applying system and analytical thinking methodology and discipline. Understands business strategy and business planning principles and applies with minimal guidance in project work (areas may include but not limited to: value proposition, mission/strategy, goals/objectives, technology assessments, funding, and management/administration). Performs data analysis, defines and documents business requirements, supports translation to functional specifications early in the development cycle, and concludes with design synthesis and system validation while considering the complete system. Assists project leaders in coordinating deployment of deliverables. Possesses the knowledge and demonstrated use of business analysis methodologies and tools. Maintains effective correspondence and in-person communication. Builds credibility, rapport and partners with others to understand their needs. Works in partnership with stakeholders to develop a solid knowledge base of business needs. Provides input for development of detailed project charter and plans, work assignments, target dates, and other aspects of assigned projects. Applies systems engineering methodologies and discipline throughout the project lifecycle. May manage projects of limited complexity, which could include subcomponents of larger scale projects as directed by project leaders. Bachelors and 4 years experience in business analysis, business administration, engineering, information science, health or science related field OR Masters and 2 years experience in business analysis, business administration, engineering, information science, health or science related field. CBAP Certified Business Analysis Professional, CCBA Certification of Competency in Business Analysis, ECBA Entry Certificate in Business Analysis, or PMI-PBA Professional in Business Analysis preferred.