Saturday, August 2, 2008

How to Prepare for Business Analyst Interview

Have you got a problem? Do what you can where you are with what you've got~ Theodore Roosevelt


A business analysis is essentially solving problems by identifying the stated and implicit needs, understanding requirements and facilitating the solution development.


The business analyst is the bridge between various stake holders including the client teams, the solution teams and other stakeholders such as third party vendors. The analyst must facilitate gathering and understanding of requirements and ensure the communication is clear and unambiguous.

A business analyst role is applicable across industry and technology domains. The essence of the analyst is to bring a rational thought process and an understanding of the underlying industry (e.g. financial, retail, telecommunication, banking, manufacturing etc.) is an asset.

Sample Interview Questions – General:


1. What are your strength and weaknesses?
2. What are your future plans?
3. Why do you want to join us?

Business analyst interview would also include questions of interviewee’s understanding of what business analysis means and the process thereof.


Typical Topics of discussion:


1. Software development life cycle (SDLC).
2. Some methodologies like Rational unified process (RUP), Agile modeling etc, their definition and comparison.
3. Unified modeling language (UML)
4. Tools like rational rose, ClearCase, Poseidon etc
5. Traceability matrix – Definition and how to create it.
6. Joint application development (JAD) session

Notes:

It is very important to go through the company’s website before going for the interview and do a detailed analysis. Try to understand their corporate style and culture.
A reasonable understanding of the relevant industry domain is always an asset in an interview and can mean the difference in the success in an interview.
Internet is a good source of basic understanding of terms related to specific domains.
Here I am listing some terms and topics I think you should know, at least the definitions, related to finance and retail domain.


Finance domain:


1. Mergers and acquisitions
2. Capital markets
3. Money markets
4. Financial ratios such as P/E, IRR, ROI, EPS
5. Equity
6. Dividend
7. Budgeting

Retail domain:

1. Merchandising
2. Procurement
3. Shipping and Logistics
4. Inventory
5. Supply chain
6. Consumer and Consumer behavior
7. Point of sales-POS
8. Customer relation management(CRM)

2 comments:

Ziege said...

Hi

Tks very much for post:

I like it and hope that you continue posting.

Let me show other source that may be good for community.

Source: Retail interview questions

Best rgs
David

Casillas said...

Hi

I read this post two times.

I like it so much, please try to keep posting.

Let me introduce other material that may be good for our community.

Source: Financial analyst interview questions

Best regards
Henry