As the name suggests, Technical Analyst is a person who is knowledgeable in the particular technical field and is able to detect and repair problems using his analytical skills. Technical analysts provide computer database support for businesses by way of reviewing, analyzing, and evaluating information technology systems and thereby develop solutions to improve quality and design interface for the users. It offers a challenging and lucrative career and needs one to possess the relevant academic qualification with a certain amount of work experience to qualify for the position.Though the job title of a Technical analyst may refer to a finance related career in certain organizations, one will be primarily exposed to the technical analysis segment of the financial services industry. His job duties may include implementing upgrades, performing maintenance and tests and designing solutions for better user interface. Technical Analysts employed by financial industry evaluate and analyze financial data and perform financial forecasting.As a Technical Analyst some of the everyday roles and responsibilities include:
- Work with departments to determine process improvement through automation
- Researches, evaluates and makes recommendation on purchase of software packages
- Designs and manages installation of information technology projects
- Resolves users problems related to use and operation of automated information systems
- Provides training, support and service to users
- Upgrades, troubleshoots and repairs computer hardware
- Maintains new and upgraded operating systems and network software
- Maintain documentation, records and inventory for computer systems
Salaries and Job Outlook*
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Most Technical analysts find job opportunities in banks, financial corporations, and investment firms with the rise in global investments. They can also find innumerable opportunities to work in sectors like IT Services, software applications, financial services, health care, manufacturing and education.Salary factor is largely influenced with experience and knowledge of the domain in one is looking to specialize on. Technical Analysts pay compensation ranges between INR 5.5 lacs p.a to 6.0 lacs p.a.
Education and Training
A bachelor's degree in computer science or an IT field is appropriate for a career as technical analysts. A computer science degree program might include coursework in computer programming, database management and computer architecture.For positions with elevated levels of complexity or responsibility an MBA degree or master's in economics or finance is usually the right degree for the job.
Valued Traits & Abilities
Technical Analysts analyze corporate systems and initiate ways for technical process improvement. They may work for a variety of industries mainly finance or software. A Technical Analyst in the finance domain may find opportunities as Institutional Broking, Retail Broking, Advisories to firms or enter into entrepreneurship. Whereas, in the software industry Technical Analysts analyze and recommend change requests in the SDLC (software development life cycle). The commonly found career paths for a Technical Analyst in the software domain are as below:
They essentially write codes and modify software applications. They may create applications used for computers, electronic devices such as tablets, smart phones and smart TVs. With more software applications being available on internet, these developers are in high demand for creating new customized software at minimized costs.
Associate Software Engineer
They work under the direction of a senior software engineer and the teams to design, develop, implement and execute software programs and applications. Programming, coding and quality assurance are some of the areas of his work responsibility. They work as a support to the software engineer in providing services related to software programming.
Business Analysts work in complex business environment and play a key role in assisting business cases, analyzing data, evaluating company processes and recommending strategies for improvement. They may be deployed to specific areas of an organization such as marketing, human resources or supply chain management.
- Thomson Reuters India Pvt ltd
- Barclays Shared Services Pvt ltd
- HDFC Bank
- Franklin Templeton International
- BMC Software