Home > Ask the Data management / BI Experts > Business intelligence and analytics Questions & Answers > Starting a business intelligence career from a financial background
Ask The Data Management Expert: Questions & Answers
EMAIL THIS

Starting a business intelligence career from a financial background

William McKnight EXPERT RESPONSE FROM: William McKnight

Pose a Question
Other Data Management Categories
Meet all Data Management Experts
Become an Expert for this site


Enterprise IT tips and expert advice
Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us    Add to Google


>
QUESTION POSED ON: 16 June 2008
I am a senior financial analyst at a large pharmaceutical company. I am responsible for financial budgeting and month-end closing and reporting, and I have five years of finance / accounting experience, a BCOM and an MBA.

Throughout this time I have led various business intelligence (BI) projects to streamline processes within finance. I have a keen interest in BI and am wondering what is the best route to start a career in this field. Also, from a long-term perspective, if I had to specialize in analytics or leadership and management, what would an ideal career path look like in these fields?



Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us    Add to Google



RELATED CONTENT
Business intelligence and analytics
Do we need business intelligence (BI) tools to be successful?
How to explain and define business intelligence to mid-management
Examining different data access methods: OLAP and data mining
What are the best analytical tools for business intelligence for finance?
Fastest way to learn business intelligence (BI)
Should a data steward have direct SQL access for reporting purposes?
Business intelligence market growth for 2009 and beyond
Comparing Cognos vs. Business Objects for BI reporting
Business intelligence in management careers
Data warehouse and business intelligence team reporting structure

Data management jobs, training and certification
Benefits of project management professional certification training
What business intelligence tools are most important to learn today?
What industries are looking for certified business intelligence (BI) professionals?
What does it take to become a business intelligence (BI) analyst?
How to find user groups for business intelligence professional networking
Fastest way to learn business intelligence (BI)
How to start a career with a master's degree in business intelligence
Getting a business intelligence business analyst position in finance
How to earn Business Objects certification and specialize in SAP BI
What's the fastest way to get a business intelligence analyst job?

Business intelligence best practices
Key success factors and tips for BI in ERP integration projects
BI project management tips for implementation success
When profit margins are thin, business intelligence can make the difference for retail organizations
Do you need enterprise information management software to conduct EIM?
How to create an enterprise information management (EIM) strategy
Understanding five major enterprise information management benefits
Seven secrets to business intelligence (BI) success
How to expand enterprise reporting and capitalize on benefits of BI
Atlanta YMCA turns to SaaS BI software over 'complicated' Cognos
In-database analytics demystified

RELATED RESOURCES
2020software.com, trial software downloads for accounting software, ERP software, CRM software and business software systems
Search Bitpipe.com for the latest white papers and business webcasts
Whatis.com, the online computer dictionary


In a broad sense, I would say you are already in business intelligence if you have led various BI projects. However, if you want to focus exclusively on BI in your career, you could still do that from a business unit, where you would be more business focused, or from centralized IT, where you may be more technology focused. This is how responsibilities are broken out in many organizations today -- there are many 'centralized' BI functions (versus departmental BI functions). Some of these centralized functions include server-side development, installation, upgrades, initial development, standards and handoff to business unit teams. On the other hand, the business unit BI does full-time, multi-month project staffing and departmental support of an incremental nature. And of course, BI staffing that is balanced between IT and business units is a worthy goal. Maybe it seems like I've digressed, but it's important to know which departments you need to focus your search on.

You did not mention if you necessarily wanted to enter BI within your organization. If so, I would keenly observe how they distribute responsibilities, and then act accordingly. It could be that all or most BI is done from central IT. This is not uncommon, especially in younger BI programs where the users have not yet stepped up to the responsibilities necessary.

With your experience, it is going to be much easier to become a business-side (i.e., "front end") business intelligence professional as opposed to a "back end" professional, whose functions tend to require more of a technical foundation. Neither is more important nor necessarily more rewarded than the other, except for one point – those on the business side who can guide BI efforts and apply business intelligence to business results (and get credit for same) can thrive the most. This also requires the most. It requires business acumen, political acumen and technology skills.

If you are more interested in becoming a technology expert, minimizing business skills, be prepared for intense competition in the coming years. If you are five years into your career and you're cut out for details, this may be acceptable.

You do mention analytics, which is one career area that is hot and should remain hot for some time, with data sizes exploding and the rise of analytic capabilities in the business. I see a real need for business-oriented analytics professionals. Analytics on the more technical side is a serious proposition, requiring deep and focused abilities. Again, this may be acceptable and your penchant for detail will help you.

Leadership and management requires yet a different set of skills – a set of skills that is much needed these days. BI management career paths are fairly straightforward because these organizations tend to be flatter than others, relatively speaking. Although if you are at a large pharmaceutical company where "flat" does not seem to apply, you may disagree. Get an IT organizational chart if you can. It tracks up to the chief information officer (CIO), where obviously, you would have broadened your skills well beyond BI. Yet still, I would say that BI is a very important skill to master and makes an excellent foundation of experience for a CIO.

More about business intelligence careers




Search and Browse the Expert Answer Center
Search and browse more than 25,000 question and answer pairs from more than 250 TechTarget industry experts.
Browse our Expert Advice

About Us  |  Contact Us  |  For Advertisers  |  For Business Partners  |  Site Index  |  RSS
SEARCH 
TechTarget provides technology professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective purchase decisions and managing their organizations' technology projects - with its network of technology-specific websites, events and online magazines.

TechTarget Corporate Web Site  |  Media Kits  |  Site Map




All Rights Reserved, Copyright 2005 - 2009, TechTarget | Read our Privacy Policy
  TechTarget - The IT Media ROI Experts