Business Analyst vs Business Development Executive. Which Is Best as Career in IT?
Most of the time people get bemused between a business analyst and a business development executive or business development manager. There’s a difference between them and it supports their roles and responsibilities within the company.
Have you seen people roaming around in your company during a fancy suit with an attitude like they own the company? Well, these people might be the business development team. As I said, business analyst and business development aren’t equivalent , we’ll discuss the key difference between them during this article.
What is a business analyst?
A business analyst (BA) is a person who figures out a company or business domain and documents its business, processes, or systems, assessing the business design or its alliance with technology. They help in escorting businesses in improving processes, products, services, and software through data scrutiny.
- Designing a detailed business analysis, outlining issues, opportunities and elucidation for a business
- Budgeting and forecasting
- Planning and monitoring
- Variance analysis
- Describing business requirements and reporting them back to stakeholders
Role of Business Analyst
What is a business development executive?
Business development executives are liable for driving company sales by sourcing new clients, and by assuring existing clients to purchase added offerings. As such, business development executives play an essential role in companies’ longevity.
- Analyze new clients or make money from the existing clients
- Look for the long term growth opportunities by contacting potential clients
- Build a good client relationship and continue the relationship with existing clients
- Finding ways to promote the company efficiently
- Cast the new product into the market and get business for the company
- Make profitable deals with other companies
Role of Business Development Executive
Difference between Business Analysts And Business Development Executive
The career pathway for Data Science and Data Analytics is sort of similar. Data Science aspirants must have a robust educational foundation in computing , or Software Engineering, or Data Science. Also, Data Analysts can go after an undergraduate degree in Computer Science, or Information Technology, or Mathematics, or Statistics.
Roles and Responsibilities: Business Analysts work as a link between stakeholders and IT. They also figure out the business processes and work on the improvements.
A business development executive aims on bringing new clients, maintaining client relationships, and finding a profitable deal for the company.
Target: Business Analysts have the project itinerary to achieve. Business Development Executive has monthly, quarterly or yearly goals to achieve. They might lose their job if they fail to achieve the goal.
Documents: A business analyst braced BRD, FRD, Wireframe, Process diagrams, etc.
A business development executive writes bids, ideas, brochures, etc. And responsible for boosting the company’s products and services.
Communication: A business analyst communicates with the stakeholders or the business clients to collect the requirements.
Business Development Executives communicate with the new potential clients and existing clients to find the hope for making more money for the company.
Work Style: A business analyst has to be in the office during the work as the legitimate employees. Business Development Executive’s job is malleable and they don’t spend much time in the company.
WHICH ONE IS BETTER?
It would not be fair to match business analysts and business development. Both have their pros and cons. It all depends on what you would like to be because both are required to run a corporation.
Companies cannot run without money and therefore the business development team brings money. Similarly, companies cannot run efficiently without proper process and system implementation and BA does this stuff.
- Communication skills
- Presentation skills
- Public speaking skills
- Relationship building skills
- Negotiation and convincing skills, etc.
Either you want to go for a business analyst or business development profession, you need to have good
Both positions have merit, just counting on your personality and skill set. If you’re looking to be a corporate executive and are strong altogether required skills for both positions, the Business Development Manager could accelerate your career. Rember, you would like to shut the large deals if you remain employed and are able to find another company.
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