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Do you aspire to become a Business Intelligence Manager. With Lead Academy learning the skills and knowledge required to become a BI manager has become easy. Join our Business Intelligence online course and take a step towards becoming a confident BI manager.
The career opportunities of BI managers are just expanding these days. As a BI Manager, you can find a job in almost any sector like health, finance, automobile, entertainment, etc. All these sectors demand developing business strategies to create a strong market position and remain ahead of their competitors.
The most significant advantage of working as a business intelligence manager is that you do not have to work in a fixed position. Rather you can decide and work according to your preferences.
For example, you can either choose to work in a technical role where your main focus would be on programming and data collection or you could take on a more human-oriented role where you would need good communication skills to explain the data insights to non-technical decision-makers in the workplace.
1. Earn a degree– The very first step of becoming a business intelligence manager is completing a four-year bachelor’s degree program. Some common majors for business intelligence managers include computer science, data science, statistics, business administration, economics and related fields.
You can also opt for the courses related to statistics, technology and data analysis since these are beneficial for the business intelligence manager profile.
2. Complete an Internship– Completing an internship program will help you gain the relevant work experience to apply for the position of business intelligence manager in industries.
Most bachelor’s degree programs offer an opportunity to complete an internship program. The experience of working as an intern will give you vital contacts in the industry and help to establish your professional network.
3. Get a Professional Certification– You can opt for a professional certification course to make your profile appealing to employers.
Some of the certifications are Microsoft’s Certified Solutions Expert in business intelligence certification, the Certified Business Intelligence Professional (CBIP) certification, PMI Professional in Business Analysis (PBA), computer programming and business administration certifications.
4. Take an advanced degree– You can consider having a master’s degree in business administration (MBA) or another master’s level program. A master’s degree can broaden your career opportunities as a business intelligence manager.
5. Prepare a resume to apply– Once you have gained the necessary skills and experience and achieved the required degrees, you should prepare your resume to apply for the post of business intelligence manager. Read the job requirements carefully before applying and check whether the requirements match your skill sets.
The minimum educational requirement for a business intelligence manager is a bachelor’s degree, however, some employers look for a candidate having an MBA. In some cases, it’s enough to have a bachelor’s degree if you have previous working experience.
Students completing their studies in computer science, marketing, finance, accounting, economics, management, and business are eligible for becoming a business intelligence manager. Along with the educational degrees, having additional certifications such as Certified Management Consultant (CMC) would be a plus point.
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The salary of a business intelligence manager would depend on their educational qualifications, experience, location and the type of services they provide. According to indeed.com, “The average salary for a business intelligence manager is £52,307 per year in the United Kingdom.”
Also, as claimed by indeed.com, some of the highest paying cities in the United Kingdom for business intelligence managers are Slough, Glasgow, London and Leeds, where the average salary per year is £65,435, £60,340, £58,922 and £58,754 respectively.
Moreover, the experience of a BI manager would determine the salary. The pay of a 10 year experienced BI manager would naturally be higher than someone having a year of experience.
The following is a chart that shows the salary increment of a business intelligence manager according to experience level in the UK.
The demand for business intelligence managers is growing gradually since this position is relevant to every industry. Business organisations would need more BI managers to understand and interpret the data and implement business tactics accordingly.
As per firstproinc, “According to the U.S. Bureau of Labor Statistics, demand for management analysts, including business intelligence, is expected to grow by 14% through 2024.”
Also, as stated by asuonline, “The U.S. Bureau of Labor Statistics (BLS) predicts there will be 1.5 million jobs in this field by 2018.”
The prime difference between a business intelligence analyst and a data analyst is that while the former focuses more on decision making and business development, the latter remains concerned about data exploration and visualisation.
Simply put, a business intelligence analyst works on the development of business strategies by using the data analysis and reports prepared by the data analyst.
If you are interested in data science and business, then business intelligence can be a good career choice for you.
BI managers are now working in industries ranging from IT and software to healthcare and retail. They are also making a decent living from this job.
BI managers make more than other IT professionals. According to firstproinc, “The average salary of business analysts is, on an average, 50% more than other IT professionals.”
Since the demand for business intelligence managers is gradually increasing and they can work across a wide range of industries, opting to become one would be a great career choice. If you are still a novice and confused about where to start, follow the steps of how to become a business intelligence manager, as explained in the blog.
You can now gain the necessary skills required to become a business intelligence manager by enrolling in the courses of Lead Academy. For details, click here.
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