The dream of today’s youth is to have a good life in this developing economy. Therefore, individuals seek high-paying jobs to live a secure and safe existence. Salary, benefits, and personal fulfillment are the essential factors we want from a job. A good salary is always motivating when choosing a career path. So if you’re thinking about changing careers in 2024, make sure you’re future-proofing your skillset or perhaps switching to a new industry. Now, organizations of all sizes are indeed paying a lump sum to those capable of bridging the rising tech skill gap with their further education certifications and work experience. Therefore, the most popular certifications will help you fast forward your career. So this article has curated the “Top 10 Highest paying jobs in 2024 – IT Domain”, which will help you build your career.
Read all about the best-paying jobs in technology below to see which interests you the most. And once the choice is made, the next step is to figure out what kind of training, practice, or certification you’ll need to get into one of these high-paying IT jobs.
Now, will discuss the main topic: the top 10 highest paying jobs in 2024.
Top 10 Highest Paying Jobs in 2024
Technology is evolving rapidly, and career opportunities evolve with it. IT professionals are constantly looking to gain new skills and advance their careers. Therefore, many others think about switching to this sector for various reasons. In addition, we made a list of the highest-paid jobs to help aspiring professionals set their expectations and nudge them towards their goals. In recent years, it’s safe to say that the following occupations have emerged as the highest salary jobs. So, if you’re considering a career in IT, you should be aware of the highest-paying jobs in the field. That is why we have listed the top 10 highest paying jobs in 2024:
1. Cloud Architect
Cloud architects stand first among the top 10 highest-paying jobs in 2024. They are in high demand in the IT industry because almost every company uses the cloud and requires cloud architects to maintain and procure it. A cloud architect is an IT specialist who knows how to design and form structures. In addition, monitoring cloud activity and creating and transferring applications is one of their main responsibilities. The global cloud computing industry is expected to expand from 371.4 billion dollars in 2021 to 832.1 billion dollars in 2025. Therefore, the cloud architect career path is one of the promising careers for cloud aspirants.
Salary:
The national average salary for a Cloud Architect is $128,418 per year.
Skills:
Cloud Computing is a highly sought-after domain. As a result, many people want to build a career in this domain with increasing demand. However, if you want to become a cloud architect, you need to pursue some skills to help you land in the right place. Following are some of the skills cloud architects need to have:
- Knowledge of programming languages such as Python, C#, Java, Ruby, and Elixir
- Networking
- Data storage fundamentals
- Knowledge of cloud environments such as Amazon Web Services (AWS), Azure, and Google Cloud platform
- Cloud service platforms
- Cloud Security
- In-depth knowledge and understanding of cloud application architecture
- Big data analytics
- Good communication skills
Roles and Responsibilities:
The cloud architect is the individual with the expertise and skills to design cloud solutions that meet the organization’s requirements. Hence, in today’s corporate world, the cloud is predominant, and due to cloud architects, more and more businesses realize their full potential. Following are some of the roles and responsibilities of cloud architects:
- Developing a well-informed cloud strategy and keeping track of the transition
- Examining cloud apps, hardware, and software regularly
- Creating and maintaining cloud-based systems
- Monitoring the company’s cloud privacy in partnership with IT security
- Monitoring the amount of cloud storage used and verifying that the system is up and operating
- Determining the best cloud architecture options to assist the company in achieving its strategic goals
- Conducting migrations to transfer tools and other aspects into the cloud, as needed
- Using virtualization technologies to achieve effective server administration for the business
- Taking care of technical issues in a timely and effective manner
- Assisting with infrastructure migration strategies, such as mass application transfers to the cloud
Top Companies Hiring for Cloud Architects:
Cloud Computing is one of the most sought-after career opportunities in the current era of the technological revolution. Hence, according to LinkedIn, cloud computing is the second most demanding skill of 2021, and there are many organizations hiring professionals proficient in this domain. Following are some of the top leading companies hiring cloud architects:
- Hitachi Vantara
- EY
- Insight Global
- Wipro
- Hewlett Packard Enterprise
- Cloudreach
- Rackspace Technology
- HUAWEI
- Neudesic
- Booz Allen Hamilton
2. Data Scientist
Being a data scientist is a dream job for many IT professionals and researchers with a quantitative background. The role of a data scientist has become the most desirable profession due to the rise in data and its related industries. As a result, according to the US Bureau of Labor Statistics, the number of jobs requiring data science skills and knowledge is predicted to expand by 27.9% by 2026, making now the greatest time to start a career in data science.
Salary:
The national average salary for data scientists is $1,17 212 per year.
Skills:
As the demand for data scientists grows, the field becomes more appealing to students and professionals. This includes individuals who aren’t data scientists but are intrigued with data and data science, making them wonder what data science and big data skills are required for data science professions. So below are some of the skills data scientists should have:
- Knowledge of programming languages, such as Python, Perl, C/C++, SQL, and Java
- Understanding of machine-learning and operations research
- Strong math skills such as statistics, algebra
- Machine learning and computer science
- Business intuition
- Analytical and Critical thinking
- Excellent communication skills, both verbal and non-verbal, and presentation skills
Roles and Responsibilities:
Organizations today are struggling with making sense of an excessive amount of disparate data. Therefore, data scientists work closely with business stakeholders to understand their aims and determine how data can achieve those targets. Following are some of the roles and responsibilities of a data scientist:
- Identifying relevant data sources for business needs
- Collecting structured and unstructured data
- Analyzing vast amounts of data to discover trends and patterns
- Building predictive models and machine-learning algorithms
- Combining models through ensemble modeling
- Experience using business intelligence tools, for example, Tableau, and data frameworks, for example, Hadoop
- Developing, implementing, and maintaining databases
- Building machine learning algorithms and predictive models
- Presenting information using data visualization techniques
- Preparing reports for executive and project teams
- Creating visualizations of data
- Proposing solutions and strategies to business challenges
- Collaborating with engineering and product development teams
Top Companies Hiring for Data Scientists:
Data scientists and various data professionals with varying degrees of education and experience, career backgrounds, and specializations can find work in the data science field. Therefore, many of the world’s most prestigious companies are actively hiring for data science positions, with some of them advertising thousands of openings in this growing field. Following are some of the top leading companies hiring data scientists:
- Deloitte
- Amazon and AWS
- Accenture
- Oracle
- Apple
- PwC
- Microsoft
Enroll in Minitab essentials training course from Invensis Learning. Minitab Essentials training is one of the most sought-after training worldwide due to its popularity in quickly analyzing statistical data to identify patterns and reduce waste. In addition, Invensis Learning delivers Minitab essentials training in classrooms and live online virtual modes. So, enroll at Invensis Learning if you want to kick start your career as a data scientist.
3. Product Manager
So in the list of the top 10 highest-paying jobs in 2024, you would have heard about this one – becoming a product manager. To create a relevant, viable, and valuable product, a product manager links corporate strategy, design knowledge, and customer needs. PMs are responsible for optimizing a product to meet business objectives and user requirements while maximizing the return on investment. Therefore, between 2018 and 2028, the career is predicted to rise by 8%, resulting in 21,800 employment openings across the United States.
Salary:
The national average salary for a Product Manager is $1,13,446 per year.
Skills:
Product managers need to constantly upgrade their product management skills to stay competitive when job searching or advancing within their organization, company, or startup. So below is the list of important skills that any product manager should look to master:
- Communication skills
- Writing technical specs and requirements
- Design and user experience knowledge
- Budget management
- Conducting market research
- Critical thinking and analytical skills
- Research skills
- Self-management
- Interpersonal skills
Roles and Responsibilities:
A crucial aspect of the product manager’s job is ensuring that the product aligns with the company’s broader strategy and objectives. In addition, the product manager is responsible for delivering a unique product to the market that addresses a market need and represents a viable business opportunity. Following are some of the roles and responsibilities of a product manager:
- Assembles and analyzes market and competition research data
- Engages with internal teams to work on product requirements
- Works on specific functionalities, improving them, and creating new ones upon instruction
- Understands and addresses user requirements
- Gets all the stakeholders around the product’s vision
- Prioritizes product features and capabilities
- Assists in testing, troubleshooting issues, and finding solutions
- Creates and presents reports on findings, defects, improvements, statuses, and risk management
Also read: Product Owner vs Product Manager: Understanding the Similarities & Differences
Top Companies Hiring for Product Managers:
Firstly, product managers are in high demand, and many organizations offer competitive salaries for this position. Secondly, a product manager’s role is critical to an organization’s success since they oversee its software product’s creation and performance. Following are some of the top leading companies hiring product managers:
- Dell Technologies
- Cisco Systems
- Meta
- Bank of America
- Cummins
- Ford Motor Company
- Adobe
- Texas Instruments
- Yahoo
Invensis Learning is accredited by Scrum Alliance to provide Scrum Product Owner Certification Training. This is a 2-day instructor-led live online CSPO certification training, which will be delivered by a Certified Scrum Trainer (CST) with rich domain experience. In addition, you will get 16 SEUs and a 2-year free membership with Scrum Alliance after enrollment. So, enroll in Invensis Leaning’s CSPO certification training to start your career as a product manager.
4. DevOps Engineer
A DevOps engineer is next on the list of best-paying IT careers. DevOps engineers are in demand nowadays because they can help organizations deploy software and services faster by automating the process. In addition, a DevOps engineer is critical to the project’s overall success, from planning to support to customer satisfaction and productivity. Above all, Global Market Insights states that the market size for DevOps will grow at a CAGR of 20% between 2020 and 2026 from $4 billion in 2019.
Salary:
The national average salary for DevOps engineers is $1,05,017 per year.
Skills:
Most companies have begun adopting DevOps practices, making it one of the most sought-after professions in the IT sector today, with a good salary for DevOps engineers. In addition, the top priority of DevOps is to deliver high-value features in short periods through cross-team collaboration. As a result, a DevOps engineer requires specific interpersonal, tooling, and technical skills to be successful. Following are some of the skills of DevOps engineers that make them an expert in this space.
- Linux fundamentals and scripting
- Key concepts of DevOps
- Proficiency in programming/scripting languages such as Python, Ruby, Python, Java, JavaScript, PHP, Bash, Shell and Node.js
- Continuous Integration and continuous delivery
- Understanding deployment and network operations familiarity with DevOps tools such as Git and Jenkins
- Infrastructure as code
Roles and Responsibilities:
The roles and responsibilities of a DevOps engineer include a mix of technical and management roles. As a result, a DevOps Engineer plays a critical role in integrating project functions throughout the product life cycle, from planning, developing, testing, and deployment to service. Following are some of the roles and responsibilities of a DevOps engineer:
- Writes documentation for server-side functionalities
- System analysis of the current framework in use and developing strategies for enhancements and improvements
- Management and deployment in the cloud
- Management and deployment of CI/CD
- Performance evaluation, monitoring, and improvement recommendations
- Infrastructure administration
- Continuous testing at various stages of the development cycle
- Helps to implement a DevOps culture
Top Companies Hiring for DevOps Engineers:
Organizations of all sizes across industries embrace the methodology and make hiring DevOps engineers a top business priority. Indeed, industry-led market research has constantly reached the same conclusion throughout the last few years. As a result, DevOps engineering is the most in-demand IT profession at digital and technological companies. Following are some of the top leading companies hiring DevOps engineers:
- Tata Consultancy Services
- Accenture
- IBM
- Wipro
- Amazon
- Infosys
- Wells Fargo
- Cognizant
- Oracle
Invensis Learning is accredited by DevOps Institute to provide both DevOps foundation certification training and DevOps professional certification training with a 97% success rate. Participants attending this training will receive a hard copy of the course material. In addition, we deliver DevOps Foundation Certification Training in both classrooms and live online virtual modes. So, enroll at Invensis Learning and start your career as a DevOps engineer.
5. Full-Stack Developer
With many new career opportunities emerging through innovation, a full-stack developer makes it onto the list of hot careers with above-average forecasted growth. Firstly, a full-stack developer works on the complete development and maintenance of the website for an organization. Secondly, they work on front-end and back-end functionalities of applications, which makes full-stack developers a crucial member of the organization’s IT field. Moreover, they are responsible for fixing issues on the front and back ends of the website. In conclusion, according to the US Bureau of Labor Statistics, there will be 8,53,000 open jobs for full-stack developers by 2024.
Salary:
The national average salary for a Full-Stack Developer is $103,736 per year.
Skills:
Full-stack developers are among the most desirable professionals in software development. Therefore, the skill sets of full-stack developers allow them to move seamlessly between the front-end and back-end, making them highly valued and in-demand tech professionals. So here are some of the skills that full-stack developers should have:
- Front-end and back-end technology skills
- Version control system
- Knowledge of multiple front-end languages and libraries such as HTML/ CSS, JavaScript, XML, jQuery
- Knowledge of multiple back-end languages such as C#, Java, Python
- Web architecture
- Cloud skills
- Understanding of protocols such as HTTP and REST
- Git and GitHub
- Understanding of database skills such as MySQL, SQL SERVER and PostgreSQL, MongoDB, and Oracle Database
- Excellent communication and teamwork skills
Roles and Responsibilities:
Full-stack developers are programmers and experts in both front and back-end coding. Their main responsibilities include designing user interactions on websites, establishing servers, and databases for website functionality, and coding for mobile platforms. Following are some of the roles and responsibilities of a full-stack developer:
- Work with development groups and product managers to ideate software solutions
- Plan client-side and server-side architecture
- Build the front-end of applications through engaging visual design
- Develop and maintain well-functioning databases and applications
- Write effective APIs
- Test software to ensure responsiveness and efficiency
- Debug, troubleshoot, and upgrade software
- Create security and data protection configurations
- Build features and applications with a portable responsive design
- Prepare technical documentation
- Work with data scientists and analysts to enhance software
- Meet both technical and consumer needs
- Stay abreast of developments in web applications and programming languages
Top Companies Hiring for Full-stack Developers:
Some of the most resourceful people in a software development company are full-stack developers. The advantages they bring to a company or a project are phenomenal and game-changing. In addition, they are constantly upskilling themselves, which provides companies the edge they need to stay ahead of the competition. Following are some of the top leading companies hiring full-stack developers:
- Cognizant Technology Services
- Virtusa
- Capgemini
- Freelancer
- BNY Mellon
- HCL Technologies
- Verizon
- Mindtree
- Synechron
- Tech Mahindra
6. Cybersecurity Engineer
Organizations today have a huge presence on the internet, which is why protecting and securing their data and assets becomes more critical and challenging. As a result, cybersecurity is no longer simply a prerequisite but a mandate for all businesses that store data online; this leads to the rise in demand for cybersecurity engineers, making it one of the highest-paying tech occupations in the world. Cyber security engineers, also known as data security engineers or IT security engineers, design, develop and execute highly secure network solutions for companies to protect them from getting hacked and other cyber-attacks or threats. Therefore, over the next five years, demand for cybersecurity engineers is projected to grow by 164%. In addition, the BLS predicts that cybersecurity jobs will grow by 31% by 2029.
Also read: What is Cybersecurity? The Beginner’s Guide to Cybersecurity
Salary:
The national average salary for a Cybersecurity Engineer is $1,01,548 per year.
Skills:
Nowadays, demand in the cybersecurity job market is increasing worldwide. A cyber security engineer ensures that the systems and products remain safe from data breaches and attacks. Therefore, this role requires a broad set of technical, professional, and functional skills and specific cybersecurity skills. Following are the skills requirements for cybersecurity engineers to succeed in the cybersecurity space.
- Secure coding practices, ethical hacking, and threat modeling
- Proficiency in programming languages such as Python, C++, Java, Ruby, Node, Go, and Powershell
- IDS/IPS, penetration and vulnerability testing
- Firewall and intrusion detection/prevention protocols
- Knowledge of operating systems such as Windows, UNIX, and Linux
- Virtualization technologies
- Database platforms such as MySQL/MSSQL
- Application security and encryption technologies
- Secure network architectures
- VPNs, VLANs, VoIP, and other network routing methods such as subnetting, DNS, encryption technologies, and standards
- Problem-solving skills
- Analytical skills
Roles and Responsibilities:
Cyber Security is a unique field that protects computer networks and systems from cyber-attacks. Hence these digital attacks try to access, manipulate, or destroy sensitive information and even extort money from users by stealing their data. In addition, cyber security engineers assist in designing and implementing methodologies to secure the organization’s cyberspace. Following are some of the roles and responsibilities of a cybersecurity engineer:
- Planning, implementing, managing, monitoring, and upgrading security measures for the protection of the organization’s data, systems, and networks
- Troubleshooting security and network problems
- Responding to all security breaches on the system and network
- Ensuring that the organization’s data and infrastructure are protected by enabling the appropriate security controls
- Participating in the process of change management
- Testing and recognizing network and system vulnerabilities
- Daily administrative activities, reporting, and communication with the relevant departments in the organization
Also read: Cybersecurity Framework Tutorial
Top Companies Hiring for Cybersecurity Engineers:
Data is constantly being generated and transferred at high speed, and there is a crucial need to protect it. As a result, companies require cybersecurity professionals to safeguard computer networks and information to protect data. Following are some of the top leading companies hiring cybersecurity engineers:
- Schneider Electric
- Genpact
- EY
- Coforge
- NII Consulting
- Unisys
- GE
- Atos
- Robert Bosch
- CA Technologies
Invensis Learning provides lean IT foundation certification training with a 97% success rate. In addition, participants attending this training will receive a hard copy of the course material and a course completion certificate. So, enroll in a lean IT fundamentals course to start your path as a quality management leader.
7. Product Owner
Product owners are at the center of each development cycle. As a result, the PO plays an important role in optimizing the team’s value and ensuring stories match the user’s needs and adhere to the Definition of Done. Moreover, the US Bureau of Labor Statistics (BLS) predicts a 10% increase in computer and information systems product owners for the next ten years. Above all, according to research, over 5,799 product owners are currently employed in the United States.
Salary:
The national average salary for a Product Owner is $101,334 per year.
Skills:
To be successful in the workplace, a Product owner must have a combination of technical and soft skills. In addition, because the skills a product owner requires to succeed change over time as technology advances, it’s important to keep your skillset up to date with the current trends and developments. So, below are the essential product owner skills in 2024 that enhance a PO’s effectiveness and maximize product value.
- Good communication skills
- Decision-Making
- Technical skills such as software development, scrum and agile software development methodologies, coding and designing, UX knowledge and principles, product development architecture, product backlog understanding, and management
- Project management skill
- Analytical skills such as critical thinking, data analysis, logical reasoning, creativity, and research
- Collaboration
Roles and Responsibilities:
The main aim of a product owner’s role is to represent the customer to the development team. Therefore, a fundamental task is to manage and make visible the product backlog or the prioritized list of requirements for future product development. Moreover, the product owner is the only individual who can change the order of items in the product backlog. Following are some of the roles and responsibilities of a product owner:
- Organizing and prioritizing the backlog of products
- Converting product managers’ strategies into development responsibilities
- Understanding the market and the requirements of your consumers
- Serving as a liaison between product and development
- Staying accessible to development to answer questions
- Evaluating product progress at each iteration
Top Companies Hiring for Product Owners:
A product owner is not only in high demand, but it’s also in an excellent position to move into other roles in the company. As Scrum and agile became more popular, businesses in industries other than software began to adopt the framework, creating jobs for product owners. Following are some of the top leading companies hiring product owners:
- Nokia
- Cerner
- Ericsson-Worldwide
- Amdocs
- Siemens
- Intel Corporation
- Honeywell
- VMware
- Philips
- GlaxoSmithKline
Invensis Learning is accredited by Scrum Alliance to provide CSPO certification training. This is a 2-day instructor-led live online CSPO certification training, which will be delivered by a Certified Scrum Trainer® (CST®) with rich domain experience. In addition, you will get 16 SEU®s and a 2-year free membership with Scrum Alliance after enrollment. So, enroll in Invensis Leaning’s CSPO certification training to start your career as a product manager.
8. Scrum Master
So in the list of top 10 highest paying jobs in 2024, Scrum masters are in demand worldwide. This is because they have one of the most important roles in tech, at least within those companies that practice scrum and agile. Moreover, the Scrum Master is the team’s leader and is in charge of advocating a project, offering leadership to the team and product owner, and ensuring that team members follow all agile procedures. In conclusion, according to a study by Study.com, the scrum master role will grow at a rate of roughly 24% per year through 2026.
Salary:
The national average salary for a Scrum Master is $99,492 per year.
Skills:
Scrum Master, also known as “Servant Leader,” empowers the team to be self-serving and autonomous. Therefore, a successful scrum master should motivate the team members and increase their potential. In addition, Scrum Master requires some skills that he should develop in himself. Therefore below are some of the skills a scrum master requires to succeed in the workplace.
- Remove barriers and keep the team on track
- Strong scrum and agile training
- Organizational Skills
- Share experiences and encourages collaboration
- Flexibility and persistence
- Leadership qualities
- Expertise in project management tools, for example, task boards
- Complex problem-solving skills
- Rapid decision making
- Teaching and coaching abilities
- Adaptability with change
- Risk management
Roles and Responsibilities:
During each phase of the process, a scrum master ensures that the team adheres to scrum protocols. In addition, the scrum master role is a distinct agile team member who spends a significant amount of time aiding other team members communicate, coordinating, and cooperating. Following are some of the roles and responsibilities of a Scrum master:
- Managing, training, and coaching the organization in its Scrum adoption
- Planning and guiding Scrum implementations within the organization
- Assisting employees and stakeholders understand and enacting an empirical approach to complex work
- Serving as a bridge between product management and development
- Clearing roadblocks and protecting the team from interruptions
- Hosting daily stand-up meetings
- Leading through influence and credibility
- Helping the scrum team focus on creating high-value increments that meet the definition of done
Also read: Project Manager vs. Scrum Master – How the Job Roles Differ
Top Companies Hiring for Scrum Masters:
Organizations of all sizes, from multinationals to startups and mid-and small-scale traditional companies, are hiring certified scrum masters. As a result, scrum companies have increased massively, ranging from manufacturing, IT, and technology to financial institutions and health care. Following are some of the top leading companies hiring scrum masters:
- Mphasis
- Legato Health Technologies
- Fiserv
- Nokia
- John Deere
- NTT Data
- Infogain
- Sopra Steria
- Birlasoft
- Pegasystems
Invensis Learning, accredited with EXIN, provides agile scrum master certification training with a 98.8% success rate. Trainers with rich domain experience will deliver the Agile Scrum Master certification training. In addition, you will get 14 SEUs and access to webinars and mock tests developed by industry experts post-enrollment. Therefore, enroll at Invensis Learning which opens a variety of career opportunities as a scrum master in multiple industry sectors.
9. Project Manager
Project managers are consistently in demand: No matter the industry, qualified professionals always need to plan and provide the work. The fundamental principles of project management include planning, organizing, securing, controlling, leading, and managing resources and tasks to achieve particular business targets. In addition, the project management field is constantly growing, with the Project Management Institute predicting 2.2 million new project-oriented jobs each year through 2027. Above all, it’s a career for problem solvers and collaborators who enjoy variety in their work.
Salary:
The national average salary for a Project Manager is $88,907 per year.
Skills:
Project management skills are crucial competencies required to complete a project from beginning to end. Regardless of the industry you work in, these are highly desirable skills as they ensure the project’s completion on budget and on time. In addition, mastering these skills affects your and your team’s ability to finish projects. Following are some of the skills every project manager should learn and master:
- Planning and strategic thinking
- Effective communication
- Risk management
- Time management and scheduling
- Task management skills
- Written Communication such as Emailing, Reports, and so on
- Nonverbal Communication such as Empathy, Friendliness, Motivation, etc.
- Leadership qualities
- Expert negotiation skills
- Critical thinking and problem-solving
Roles and Responsibilities:
Though project management positions vary by industry, the general project manager’s responsibilities remain the same. Project managers ensure that knowledge and information flow smoothly. Therefore, they are in charge of planning, organizing, and directing the completion of particular projects for a company while ensuring the projects are on time, on budget, and within scope. Following are some of the roles and responsibilities of a project manager:
- Planning and developing the project idea
- Organizing and motivating a project team
- Controlling time management
- Cost estimating and developing the budget
- Ensuring customer satisfaction
- Analyzing and managing project risk
- Evaluating project performance
Top Companies Hiring for Project Managers:
With the recent growth in project management openings, it’s a good time to recognize the best companies for project managers, as they’re in high demand worldwide. Therefore, project managers fulfill an essential role in companies by leading a project team and assisting the company in achieving its goals. Following are some of the top leading companies hiring project managers:
- Bank of America
- Verizon
- Kaiser Permanente
- Deloitte
- JPMorgan
- Cisco Systems
- Walmart
- Boeing
- UnitedHealth Group
- TEK Systems
Invensis Learning is accredited by PMI to provide PMP certification training. In addition, the PMP certification offers an enriching learning experience with mock tests and lifetime access to the LMS. So, enroll at Invensis Learning to get PMP certification training.
10. Business Analyst
One of the highest-paying careers around the world is a business analyst. Firstly, Business analysts use data to form business acumen and recommend changes in businesses and other organizations. Secondly, they can recognize issues in virtually any part of an organization, including IT processes, organizational structures, or staff development. In addition, the demand for business analysts has increased in recent years, and this trend is expected to continue. Therefore, the US Bureau of Labor Statistics projects job growth between 2020 and 2030 for similar roles to range from 7% (computer systems analysts) to 25% (operations research analysts).
Salary:
The national average salary for a Business Analyst is $77,218 per year.
Skills:
The business analyst role requires both hard and soft skills. Therefore, business analysts need to know how to collect, analyze, and report data trends and share and apply that information on the business side. So below are a few of the most important skills for business analysts:
- Understanding the company’s goal
- Communication skills, both verbal and written
- Consultative and interpersonal abilities
- Critical and analytical thinking
- Analyze the costs and benefits
- Programming languages such as R and Python
- Understanding of relational databases such as Microsoft SQL Server, MySQL database, Oracle DB, and NoSQL databases
- Documentation and report writing
- Analysis of Stakeholders
- Knowledge of networks, databases, and other forms of technology
Roles and Responsibilities:
A business analyst is a significant part of any project team. Therefore, to be a successful business analyst, one must have a clear idea of what is required of them in terms of roles and responsibilities. In addition, a business analyst serves as a link between customers and the technical team at a company. Following are some of the roles and responsibilities of a business analyst:
- Identifying and prioritizing the organization’s functional and technological requirements
- Using SQL and Excel to analyze large data sets
- Creating data visualization elements such as charts, tables, and graphs
- Creating financial models to improve decision-making in the workplace
- Understanding the company’s strategy, goals, and requirements
- Developing a strategy for enterprise architecture (also known as the structure of a business)
- Estimating, budgeting, and carrying out both variance and financial analysis
Top Companies Hiring for Business Analysts:
As businesses seek to grow and constantly change while meeting the requirements of their customers, business analysts are becoming popular throughout several industries. As a result, many organizations hire these individuals to assist them with solving problems, setting new objectives, and achieving apt results. So, here are some of the top leading companies hiring business analysts:
- American Express
- Citi
- Accenture
- Deloitte
- Tata Consultancy Services
- Bank of America
- Capital One
- Thomson Reuters
- Cognizant Technology Solutions
- Morgan Stanley
Invensis Learning, accredited with EXIN, provides business analysis certification training, business analysis foundation, and practitioner certification training with a 98.4% success rate. In addition, participants attending this course will receive a hard copy of the course material. So, enroll at Invensis Learning if you want to start your career as a business analyst.
Conclusion – Top 10 Highest Paying Jobs in 2024
This blog sums up the top 10 highest-paying jobs in 2024 that can benefit you in getting a successful career. While ideals, interests, skills, and ambition may drive you to chase any particular career path, salary is important in sustaining that path. With the cost of living rising by huge strides every year, it’s only natural that money will be a major decisive factor for freshers and experienced professionals alike when accepting any position.
Enroll at Invensis Learning if you’re looking to get top certification pieces of training that will help you to advance your career. Because Invensis Learning is one of the world’s leading and best professional certification training providers. Therefore, the mission of Invensis Learning is to assist professionals across the globe in learning the proper skills required to prevail in today’s competitive world. Certifications and training will help you move forward in your career, while passion and inner drive will lead you toward success. So, here we have listed the most popular certifications which will help you fast forward your career in 2024:
- Project Management Training and Certifications Courses
- DevOps Foundation Course
- Lean IT Foundation Certification Training Course
- Minitab Essentials Training Course
- CSPO Certification Training
- Agile Scrum Master Certification Training
- Scrum Master Certification Online
- CRISC Certification Training
