Attention skilled business systems analysts in accounting and finance: Employers want you.
According to the latest Robert Half Salary Guide for Accounting and Finance, business systems analysts, including senior-level professionals, are in high demand.
If you are a business systems analyst conducting an employment search this year, here are five hiring and salary trends for your profession that you should know:
1. Talent shortages persist
The Salary Guide reports that companies are capitalizing on growth opportunities and launching new revenue-generating initiatives. However, at the same time, many employers struggle to find highly skilled business systems professionals.
2. Employers are demanding when it comes to skills
Employers seek business systems analysts with a strong foundation in finance, business management, data analysis and technology. As big data continues to change the way many things are done in companies, managers seek business systems analysts who also have experience with business intelligence software such as IBM Cognos, Oracle Hyperion and MicroStrategy, as well as an understanding of advanced modeling techniques and SQL.
3. Senior-level jobs require senior-level salaries
Business systems analysts are expected to see some of the higher jumps in base pay next year, with 5.1 percent to 5.2 percent increases projected for senior analysts and managers, respectively. These figures compare to the average increase for accounting and finance positions of 4.7 percent.
In addition to offering competitive compensation, companies are making a point to provide coveted perks such as telecommuting, flexible hours, additional vacation days, tuition reimbursement and relocation assistance.
4. Business systems projects abound — especially for consultants
In a recent Robert Half Management Resources survey, 61 percent of chief financial officers said they are likely to engage financial consultants or project professionals for business systems and performance improvement initiatives. This is up 13 points from a similar survey conducted just two years earlier.
5. Now could be a good time to become a consultant
As noted above, companies without the requisite business systems expertise in-house or with specific systems initiatives on the agenda are often turning to experienced project consultants to complement their core team and bring in a fresh perspective.
Research for the Salary Guide backs this up, as well. The guide notes that many businesses are seeking individuals who are proficient in enterprise resource planning (ERP) systems, integrated financial reporting systems, cloud computing platforms, and information security and data mining tools. Many are also looking for skilled professionals to help with systems conversions projects.