Forums for the Business Analyst

  Modern Analyst Forums  Careers  Career Advice &...  Career development
Previous Previous
Next Next
New Post 6/26/2017 5:40 PM
User is offline Irene
31 posts
9th Level Poster

Career development 
I have been working as a BSA for about 10 years for different banks as a contractor. I really want to be an expert in one specific domain. But the fact that I need to move from one area to another as a contractor makes it very difficult. Even if in similar domain, different banks use different systems and handle things quite differently. And the rate is not increasing. I am now seriously thinking about my next step, ex. should I become a SAP functional consultant. I would greatly appreciate if anyone could give me some advice. Thanks for your help! Irene
New Post 6/28/2017 6:35 PM
User is offline Chris Adams
323 posts
5th Level Poster

Re: Career development 


There are pros and cons to being a contractor with experience in many domains and versus one who is very specialized.  You seem to be most disappointed with a lack of increasing bill rate. You're right that some specialists can demand a rather high rate, but remember that comes with a trade-off.  If that person ever loses their job the number of open positions that will work for them is much much smaller.  As a contractor who has experience in many domains and many project types, you should be extremely versatile.  In fact, I'd argue that your leverageable BA skills are typically more important than detailed domain knowledge since a BA with a large breadth of experience has more tools to learn a new domain more rapidly than a BA that has less cross-functional experience.  Still, this is a decision you will have to make.  Personally, I'd take the breadth of experience.

Since you specifically mentioned SAP consulting, I will share some very specific thoughts.  I have a close friend who has spent the last 20 years as an SAP consultant in the Business Intelligence space.  He has done extremely well.  He started his own SAP consultant placement firm where he staffed SAP projects with SAP consultants.  Eventually he sold the firm to a company that brought his team in-house.  They brought him as well to continue to expand the practice for them.  So far so good, right?

While talking over a couple of beers just last week he told me that he now feels he's in a dying field/technology.  SAP is not the leader it once was with so many other BI firms (including Tableau) adapting, changing, and delivering powerful solutions.  It's a much more crowded space and he fears his highly specialized experience will soon be a detriment if he needs to find new work.  Let this be food for thought as you weigh whether you want to be very specialized or very broad in your experience. 

Chris Adams
Core Member –
LinkedIn Profile
New Post 6/28/2017 6:50 PM
User is offline NitWitNick
259 posts
5th Level Poster

Re: Career development 
I've been contracting for 30+ years ... Keeps me current in all kinds of systems, software, etc.   Always available to work on something.
Previous Previous
Next Next
  Modern Analyst Forums  Careers  Career Advice &...  Career development

Community Blog - Latest Posts

Fabricio Laguna talks Business Analysis and AI
I recently connected with Fabricio Laguna, aka The Brazilian BA. Fabricio is a passionate and pioneering business analyst from Brazil. During our conversation, we had a thought-provoking discussion on how artificial intelligence stands to shape the field of business analysis in the years ahead. While AI promises to transform many aspects of busines...
Business Architecture, Ontology and More with Terry Roach
It's been a privilege meeting Terry Roach, a visionary in the field of enterprise architecture and business architecture. Terry's insights into the evolution of business models, the importance of ontology in architecture, and the potential of AI to shape our future were not only thought-provoking but also a reflection of his extensive exper...
Today I had the pleasure of chatting to Jignesh Jamnadas, Chief Operations Officer at Mosaic, about his Blueprints for Success. As a Senior Finance and Operations Executive, Jigs (as he is known to many) has a holistic understanding of all facets of business and a flair for managing both people and processes. Having worked with Jigs, I was struc...


Upcoming Live Webinars


Copyright 2006-2024 by Modern Analyst Media LLC