Today I talk to you about the top three things that new graduate business analysts have trouble with when entering the work world as a business analyst.
Top 3 Challenges of New Graduate Business Analysts
All of the things that I’m going to talk to you about have to do with the transition that a new graduate business analyst does when they are transitioning from an academic environment to the work world. The sooner that you can get yourself past these challenges the sooner you’re going to be able to go from a starting business analyst into an intermediate and into a senior business analyst.
- Transition from Academia to The Work World
- Perfectionism and Standards in Academia versus Expectations in The Work World
- Neat. Clean. Sequences.
Transitioning into The Work World from Academia
So when you’re in school you normally sign up for courses that last from four months to eight months all the way out to twelve months. That course is typically teaching you a single subject. What that does to new graduates is it gives them the impression that the work world also offers you that kind of time to be able to produce the work that you need to produce. That is not true.
The Work World
So when you get into the work world you’ll find that at best you’re going to have about 80% of the time that you actually need to be able to do things the way that you’d been taught in school. In many cases that number is not even close to 80%. It could be down to 70, 60, sometimes even 50%.
The Takeaway: Learn How to cut corners on What to produce versus What not to produce
Now for a lot of new graduates that can be a very difficult thing to deal with because what you’re used to and the way that you’re used to work learning is very different than the way that you’re going to be expected to perform your work. Now the way that you get over the challenge is that you have to learn through experience, sometimes through trial and error on how to cut corners on what not to produce versus what to produce.
Perfectionism – How It’s a Waste of Time (and Resources)
The standard is for you to be able to produce things in a perfect way and to take the time that you need to be able to produce them in the perfect way especially if you’ve done a graduate program where the standard for perfection is incredibly high.
The Work World
You’ll find that once you have entered in the work world the standards are not nearly as high. The standard that you have to be able to meet in the work world is the good enough standard which is the ideal in the business world. In the academic world Perfection is what the standard is. So when you enter into the work world you have to teach yourself how to produce a good enough solution consistently without having to aim for perfection. Anything that you produce above and beyond the good enough solution is typically considered to be a waste of time and resources.
Train yourself to move from perfection down to the good enough standard and to produce the good enough solution.
Neat. Clean. Sequences. (Learn to Adjust to The Work World)
In the academic world your tought your subjects in a neat clean sequence and that might leave you with the impression that the business world or the work world operates the exact same way. That is not true.
The Work World
What you’ll find when you actually enter into the work world is that the neat clean sequence that you’ve been taught how to do things in typically does not apply in most organizations even the most well structured organizations that have their business processes sorted out properly.
You’ll find that the sequence in which the activities happen based on the pressures that the company is facing can be jumbled up and you have to be able to learn to deal with the uncertainty of being able to do things outside of the sequence that you’ve been taught.
There is no amount of classroom teaching that you can learn online or in-person that’s going to be able to teach you what you can learn from experience.
The over arching solution to all three of these problems is experience. The best way for you to overcome these is to continually put yourself in situations where you’re experiencing these situations and to teach yourself how to deal with the certain circumstances that you’re going to experience.
That has been the top three things that new graduate business analysts have trouble with when entering into the work world.
I will see you on the next video.
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