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Must possess a range of skills in:- Financial Analysis and especially the interest rate and the discount rate and the break-even point- Possess the ability to predict the movement of the market and look to the future- The ability to know the relationship between the local and regional market and global flow of movement between them- The ability to analyze and find out the needs of consumers- Knowledge of the laws and regulations prevailing in the country and their impact on the movement of the market
- You must possess the skill of analyzing competitors and potential competition commodities and alternative
Self-confidence
- Business Agility- Innovation- Engagement of stakeholders to drive agility and innovation
The needs skills are:
1) Conceptual Modeling Skills
2) Communicating Details and Concepts
3) Curiosity
4) Decomposing the Abstract into Details
5) Mentoring and Coaching
6) Communicating Risks
7) Change Management
8) Asking WHY? finding a good answer
Business analyst has to acquire two sets of professional and generic skills.
Professional skills:
- Knows how to write up use case.
- Skilled with flow charts aware of modeling designs knows how and when to use them.
- Has the ability to perform root cause analysis using Ishigawa diagram,5 Why technique, etc.
- Has good understanding of financial marketing manufacturing and supply chain aspects.
Generic skills: a combination of soft skills will help him/her acquiring and organizing business information:
- Time and resource management.
- Good communication plan with good command of communication language.
- Good team leader.
- Has administrative skills e.g. meetings organize, taking MOM, sorting and filing info's.
analytical mind skills
have communication skills with all sectors of society and the company.
Possesses the skills to negotiating.
His decision-making power.
Good managerial ability & leadership skill. Strong interpersonal communication skill. Strong determination in completing work under pressure. experience with diversified area. Strong command on Analytical skill. Financial Statement Analysis Industry Analysis Business and Infrastructural Analysis Financial Performance Analysis Liquidity and Cash Flow Analysis Risk Analysis using different risk technique Credibility and Banking Relationship
In general, a business analyst requires critically the following skills
1. an eye for detail
2. technical and analytical expertize
3. interpersonal communication skills
4. Problem solving and decision making skills
5. negotiation and persuation skills
it should be remembered that the business analysis as a profession is again bifurcated into various vectors, which may require skills related to the branch. for example, a business analyst in banking and finance domain must have skills related to financial performance analysis, risk analysis and so on.
the most important thing having analytical veiw plus the folowing
1- strong knowledge of financial reporting
2- risk analysis and traditional ratios analysis
3- financing and investment analysis
4- strategic and tactical planning
buu all the above mentioned will not make anyone good financial analyst if she/he lakes the analytical view cause from my poiny of view the financial analysis just like playing music
understand the type of business
Linking data between different sections in Business
1- Communication Skills
2- Presentation Skills
3- Planning Skills
4- Business Experiance
