Affecting Other Functions
How does BIS affect Finance (give one way)?
Provide management with information; Developing models
What is a business analyst?
A business analyst acts as a support, providing technical solutions to help achieve the firm’s objectives.
Name 1 of the 4 industries that are listed in the presentation that BIS can work in.
Business Intelligence, Finance, Healthcare, Entertainment
Can an entry level business analyst position make six figures?
Yes it can; Entry Level salary range:
$73,000 - $127,000
How does BIS affect Accounting (give one way)?
Developing financial reports; Automating data entry
Is a business analyst limited to a certain field (yes or no)?
No, a Business Analyst is a versatile role that can find a place in most businesses/organizations.
Name a major that could help you be hired in a BIS position.
Economics, Information Systems, Finance, Industrial Systems, Business Administration
Name one responsibility of a business analyst.
Gathering and analyzing business requirements from stakeholders; Collaborating with internal and external stakeholders to ensure objectives are aligned; Using data analytics to provide insights; Monitor the progress of projects
How does BIS affect Marketing (give one way)?
Data on customer trends; Automating tasks around campaigns
Daily Double: Name an internal and external stakeholder a business analyst may interact with?
Possible answers:
Internal Examples: management, project team managers, peers, and resource managers
External Examples: end-users, governments, contractors/subcontractors, and suppliers/vendors
Name 1 of the 2 Tech firms that hire Lehigh graduates listed in the presentation.
Microsoft or Amazon
Does Lehigh offer a BIS major, or is it just a minor?
Lehigh does offer a BIS major
How does BIS affect HR (give one way)?
Automates/improves collection of Employee data and Salaries/benefits
How is a business analyst's work determined successful (two possible ways)?
Accuracy of predictions/insights; Affect on business operations
Name 1 of the 3 Finance firms that hire Lehigh graduates listed in the presentation.
Bank of America, J.P. Morgan, or BNY Mellon
Name a key takeaway listed in the conclusion.
BIS streamlines operations and decision making, BA is bridges the gap between a firm’s objectives and technical solutions, BIS is vital to various fields and industries.
How does BIS affect Supply Chain Management (give one way)?
Inventory management; Develop reporting for the managers to use
Name 2 of the 3 Technical Skills needed to be a business analyst listed in the presentation.
Microsoft Excel, Coding languages (ex. R, or python), Data Visualization tools (ex. Tableau)
Name 2 of the 4 Consulting firms that hire Lehigh graduates listed in the presentation.
Deloitte, PwC, KPMG, or EY
Name 2 of the 5 listed reasons why someone should pursue BIS?
The ability to develop technical skills, Enhance decision-making capabilities, Increasing opportunities, Work in a variety of industries, Competitive salary