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The Business Analyst is very important for analyzing the business requirements in a project and give them a better documentation for those requirements to make business users and developers to understand clearly. So in a nutshell, a business analyst in the software company acts as a liaison between the business users and developers. Business analysts are also called some times as business system analyst, functional analyst or system architect.
The main role of a business analyst is to understand the business requirements and by them he/she needs to draw different business diagrams like Use case diagram, sequence diagrams, activity diagrams, collaboration diagram, deployment diagrams and also a business analyst has to analyze clearly the business needs and from them to document BRD (business requirement documents), FRD (Functional requirement documents), TRS (technical specification specifications) & FRS ( functional requirement specifications).
No doubt there is a good future for a Business Analyst because every company needs a business analyst in the initial stage of the project his need goes till implementation and maintenance stage. So, irrespective of domain (Insurance, Financial accounting, Controlling, Mortgage, Health care, Banking, Fixed income products, Bonds, Pharmaceuticals) Business analyst is very important for every project. So, need less to say that there will be always jobs for a business analyst.
Testing skills required
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