{"id":23613,"date":"2023-01-12T00:00:00","date_gmt":"2023-01-11T23:00:00","guid":{"rendered":"https:\/\/www.freelancermap.com\/blog\/?p=23613"},"modified":"2023-01-12T09:55:30","modified_gmt":"2023-01-12T08:55:30","slug":"what-does-functional-analyst-do","status":"publish","type":"post","link":"https:\/\/www.freelancermap.com\/blog\/what-does-functional-analyst-do\/","title":{"rendered":"What does a Functional Analyst do?"},"content":{"rendered":"\n<p><strong>Functional Analysts are responsible for analyzing processes within a company looking to fulfill customer\u2019s needs. They act as the link between users and the technical team in charge of developing the application. Let\u2019s take a closer look at the role of a Functional Analyst.&nbsp;<\/strong><\/p>\n\n\n<div class=\"mks_col \">\n<div class=\"mks_one_third \"><div class=\"su-box su-box-style-default\" id=\"\" style=\"border-color:#000a1c;border-radius:3px;\"><div class=\"su-box-title\" style=\"background-color:#2c3d4f;color:#FFFFFF;border-top-left-radius:1px;border-top-right-radius:1px\">Role overview<\/div><div class=\"su-box-content su-u-clearfix su-u-trim\" style=\"border-bottom-left-radius:1px;border-bottom-right-radius:1px\"><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#Responsibilities\">Responsibilities<\/a><\/span><br \/><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#Skills\">Skills<\/a><\/span><br \/><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#Background\">Background<\/a><\/span><br \/><span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"#Salary\">Salary<\/a><\/span><\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"960\" height=\"720\" data-src=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary.jpg\" alt=\"Role Overview - responsibilities, background, skills and  salary\" class=\"wp-image-23616 lazyload\" data-srcset=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary.jpg 960w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary-300x225.jpg 300w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary-768x576.jpg 768w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary-720x540.jpg 720w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary-580x435.jpg 580w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-skill-background-salary-320x240.jpg 320w\" data-sizes=\"(max-width: 960px) 100vw, 960px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 960px; --smush-placeholder-aspect-ratio: 960\/720;\" \/><figcaption>Job Overview &#8211; The role of a functional analyst<\/figcaption><\/figure><\/div>\n\n\n\n<p>The terminology behind business roles can often be broad and non-specific, making them harder to define. This is especially true for that of a Functional Analyst.&nbsp;<\/p>\n\n\n\n<p>Is there a difference between a <strong>functional analyst<\/strong> and a <a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-it-business-analyst-do\/\"><strong>business analyst<\/strong><\/a>?&nbsp;<\/p>\n\n\n\n<p>To spell it out plainly, while a Business Analyst is more focused on the business management side of things, a Functional analyst requires <strong>stronger technical skills<\/strong> and usually deals with more<strong> advanced technical responsibilities<\/strong>.&nbsp;<\/p>\n\n\n\n<p>A functional analyst helps their place of employ use software systems for specific purposes such as financial or managerial tasks.&nbsp;<\/p>\n\n\n\n<p style=\"color:#41c0eb;font-size:18px\" class=\"has-text-color has-text-align-center\"> <strong> Looking for a new project in the IT field?<\/strong> <\/p>\n\n\n<div class=\"su-button-center\"><a href=\"https:\/\/www.freelancermap.com\/it-projects.html?filter=&#038;newQuery=&#038;continents=&#038;countries=&#038;states=&#038;city=&#038;radius=&#038;query=it&#038;excludeDachProjects=0&#038;sort=1?utm_source=blog&#038;utm_campaign=projects&#038;utm_medium=button&#038;utm_content=career-en\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#41c0eb;border-color:#349abc;border-radius:10px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:7px 20px;font-size:16px;line-height:24px;border-color:#7ad3f1;border-radius:10px;text-shadow:none\"><i class=\"sui sui-search\" style=\"font-size:16px;color:#FFFFFF\"><\/i> <strong>Browse the latest IT jobs<\/strong><\/span><\/a><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Responsibilities\"><strong>Responsibilities of a Functional Analyst<\/strong><\/h2>\n\n\n\n<p>Functional analysts are responsible for the computer systems required to meet the needs of an organization. They start by first analyzing these requirements by interviewing employees and managers. They then study the existing systems in place and look up appropriate updates to the current technologies.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" data-src=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities.jpg\" alt=\"Functional Analyst - Responsibilities\" class=\"wp-image-23614 lazyload\" width=\"560\" height=\"420\" data-srcset=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities.jpg 960w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-300x225.jpg 300w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-768x576.jpg 768w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-720x540.jpg 720w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-580x435.jpg 580w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-responsibilities-320x240.jpg 320w\" data-sizes=\"(max-width: 560px) 100vw, 560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 560px; --smush-placeholder-aspect-ratio: 560\/420;\" \/><figcaption>Functional Analyst &#8211; Responsibilities<\/figcaption><\/figure><\/div>\n\n\n\n<p>They are also responsible for <strong>data modeling<\/strong>,<strong> preparing reports indicating balance costs and benefits<\/strong>, and installing and configuring the improved methodologies they suggest or upgrading existing ones.<em> <\/em><\/p>\n\n\n\n<p>They also conduct <strong>testing<\/strong> to ensure that the systems work as expected, prepare user manuals and other documentation, and train employees on how to use the systems.&nbsp;<\/p>\n\n\n\n<p><strong>Core responsibilities:&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Analyze and evaluate existing systems for performance<\/li><li>Perform gap analysis and suggest solutions<\/li><li>Create plans for change based on analyzed requirements<\/li><li>Facilitate configuration management<\/li><li>Document changes being made and relevant teaching manuals<\/li><li>Collaborate with other team members to efficiently implement changes<\/li><li>Simulate and test suggestions made for performance<\/li><li>Write user manuals and prepare easy to understand documentation<\/li><li>Assess, install, and troubleshoot software systems<\/li><li>Check functionality of the end product&nbsp;<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Skills\">S<strong>kills<\/strong> Required<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" data-src=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills.jpg\" alt=\"Skills required to become a functional Analyst\" class=\"wp-image-23615 lazyload\" width=\"560\" height=\"420\" data-srcset=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills.jpg 960w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills-300x225.jpg 300w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills-768x576.jpg 768w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills-720x540.jpg 720w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills-580x435.jpg 580w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2020\/06\/functional-analyst-skills-320x240.jpg 320w\" data-sizes=\"(max-width: 560px) 100vw, 560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 560px; --smush-placeholder-aspect-ratio: 560\/420;\" \/><figcaption>Functional Analyst &#8211; Skills required<\/figcaption><\/figure><\/div>\n\n\n\n<p>In order to be successful at your <strong>role as a Functional Analyst<\/strong>, it\u2019s important to have strong <strong>analytical and critical thinking skills<\/strong> as well as <strong>in-depth technical knowledge<\/strong>. They must be experienced in understanding highly technical information for project planning.<\/p>\n\n\n\n<p>This role is particularly suited to someone who thrives in<strong> leadership <\/strong>roles and enjoys leading people in teams. And so strong <strong>interpersonal and leadership skills <\/strong>are important.&nbsp;<\/p>\n\n\n\n<p>Some companies may require experience with banking or FICO tools.<\/p>\n\n\n\n<p><strong>Skills required:&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In-depth knowledge of IT and computer science principles<\/li><li>Advanced Excel capabilities and SQL knowledge<\/li><li>Knowledge of data warehousing<\/li><li>Strong leadership ability and interpersonal skills<\/li><li>Analytical and critical thinking<\/li><li>Strong written and verbal communication skills<\/li><li>Leadership and multitasking skills<\/li><li>Ability to use notation (BPMN) and modeling systems (UML)<\/li><\/ul>\n\n\n\n<p style=\"font-size:18px\" class=\"has-text-align-center\"><strong>Looking for a developer for one of your projects?<\/strong><\/p>\n\n\n<div class=\"su-button-center\"><a href=\"https:\/\/www.freelancermap.com\/freelancers-directory.html?filter=&#038;newQuery=&#038;continents=&#038;countries=&#038;states=&#038;city=&#038;radius=&#038;query=functional&#038;excludeDachRegion=0&#038;sort=1?utm_source=blog&#038;utm_campaign=freelancers&#038;utm_medium=button&#038;utm_content=career-en\" class=\"su-button su-button-style-default\" style=\"color:#FFFFFF;background-color:#41c0eb;border-color:#349abc;border-radius:10px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:7px 20px;font-size:16px;line-height:24px;border-color:#7ad3f1;border-radius:10px;text-shadow:none\"><i class=\"sui sui-search\" style=\"font-size:16px;color:#FFFFFF\"><\/i> <strong>Check all developer&#8217;s profiles<\/strong><\/span><\/a><\/div>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Background\"><strong>Background<\/strong><\/h2>\n\n\n\n<p>In order to <strong>become a functional analyst<\/strong>, you\u2019ll need at least an undergraduate degree in either <strong>Computer or Information Science<\/strong>. Candidates also come from backgrounds of Business or liberal arts if they can showcase sufficient technical knowledge and skills.&nbsp;<\/p>\n\n\n\n<p>Some larger employers do prefer an MBA with a concentration in information systems.&nbsp;<\/p>\n\n\n\n<p>Furthermore, due to the focus on specific industries, you can greatly benefit from experience in the <strong>industry their organization works in<\/strong>. For example, an analyst working in the finance department must have appropriate experience with relevant finance software.&nbsp;&nbsp;<br><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Salary\"><strong>Functional Analyst &#8211; Salary<\/strong><\/h2>\n\n\n\n<p>In this line of work, you can expect to earn a <strong>median annual salary of $88,000<\/strong>, according to the Bureau of Labor Statistics (BLS). The top 10 percent of senior analysts earn more than $140,000. Newbie analysts or fresh graduates can expect to earn about $50,000 per year.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-subtle-light-gray-background-color has-background\"><tbody><tr><td>Junior Salary<\/td><td>$50,000        <\/td><\/tr><tr><td>Average Salary<\/td><td>$88,000<\/td><\/tr><tr><td>Senior Salary<\/td><td>$140,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>How much does a freelance functional analyst charge?<\/strong><\/p>\n\n\n\n<!--\n    Use the <style> below to style the box.\n\n    This <style> should ideally be placed inside <head><\/head>.\n      If that is not possible, keep it above the box itself.\n\n    If you use the box inside a container, that already limits the width,\n      set \"width: 100%\" inside #fm-hourly-rate-box.\n      This is necessary, if you like the box to be responsive.\n-->\n<style>\n    #fm-hourly-rate-box {\n        margin: auto;\n        width: 100%;\n        padding: 24px;\n        background: white;\n        border-radius: 10px;\n        box-shadow: 2px 4px 20px 0 rgb(90 90 90 \/ 16%);\n        text-align: center;\n        line-hight: 1.5\n    }\n\t   \n\t#fm-hourly-rate-box .fm-hourly-rate-rate {\n        font-size: 30px;\n        font-weight: bold;\n    }\n\n\n    #fm-hourly-rate-box .fm-hourly-rate-explain {\n\t\tmargin: 30px 0 0 0;\n}\n\n    #fm-hourly-rate-box .fm-hourly-rate-percentiles-text {\n\t\tmargin: 0;\n    }\n\t\n    #fm-hourly-rate-box .fm-daily-rate-rate {\n        font-size: 30px;\n        font-weight: bold;\n    }\n \n\n    #fm-hourly-rate-box .fm-date {\n\t    font-size: 12px;\n\t\tpadding-top: 25px;\n        \n    }\n\n<\/style>\n\n<div id=\"fm-hourly-rate-box\">\n\n    <p class=\"fm-hourly-rate-explain\"><b>Functional Analysts<\/b> on <a href=\"\/freelancers-directory.html\">freelancermap<\/a> charge on average:<\/p>\n\t\n\t<div class=\"fm-hourly-rate-rate\">\n        $<span id=\"fm-hourly-rate-number\"><\/span>\/hour\n    <\/div>\n\n<p class=\"fm-hourly-rate-percentiles-text\">Rates in this field range between  <b>$<span id=\"fm-hourly-rate-percentile25\">33<\/span> and $<span id=\"fm-hourly-rate-percentile75\">106<\/span>\/hour<\/b> for most freelancers.<\/p>\n\n<p class=\"fm-hourly-rate-explain\">The <b>daily rate for Functional Analysts<\/b> (8 working hours) would be around:<\/p>\n\n\t<div class=\"fm-daily-rate-rate\">\n            $<span id=\"fm-daily-rate-number\"><\/span>\/day\n    <\/div>\n    \n    <div class=\"fm-date\">\n        Stand <span id=\"fm-date-date\"><\/span> \n    <\/div>\n<\/div>\n\n\n\n\n<!--\n    This <script> loads the hourly-rate, daily-rate and date from the server when the page is loaded.\n     It must be placed below the box, ideally at the end of the page (e.g. footer).\n     \n    The server will respond with a formatted number, rounded to full euros.\n-->\n<script>\n    (function(){\n        \/\/ change this\n        const searchPhrase = 'functional';\n\n        \/\/ keep this in sync with the domain you are using\n        const domain = 'www.freelancermap.com';\n\n        \/\/ do not change anything below\n        fetch(`https:\/\/${domain}\/price-index\/webhook?q=${encodeURIComponent(searchPhrase)}`)\n                .then(r => r.json())\n                .then(d => {document.getElementById('fm-hourly-rate-number').innerHTML = d.hourly;\n                            document.getElementById('fm-daily-rate-number').innerHTML = d.hourly*8;\n                            document.getElementById('fm-hourly-rate-percentile25').innerHTML = d.percentiles[\"25.0\"].toFixed(0);\n                            document.getElementById('fm-hourly-rate-percentile75').innerHTML = d.percentiles[\"75.0\"].toFixed(0);\n                            document.getElementById('fm-date-date').innerHTML = (new Date()).toLocaleDateString()\n                            });\n                }())\n<\/script>\n\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Other interesting profiles<\/h2>\n\n\n\n\n<ul class=\"su-posts su-posts-list-loop \">\n\n\t\t\t\t\t\t\n\t\t\t\n\t\t\t<li id=\"su-post-47527\" class=\"su-post \">\n\t\t\t\t<a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-search-engineer-do\/\">What Does a Search Engineer Do?<\/a>\n\t\t\t<\/li>\n\n\t\t\t\t\t\n\t\t\t\n\t\t\t<li id=\"su-post-40308\" class=\"su-post \">\n\t\t\t\t<a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-deep-learning-engineer-do\/\">What Does A Deep Learning Engineer Do?<\/a>\n\t\t\t<\/li>\n\n\t\t\t\t\t\n\t\t\t\n\t\t\t<li id=\"su-post-24056\" class=\"su-post \">\n\t\t\t\t<a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-hris-analyst-do\/\">What does an HRIS Analyst do?<\/a>\n\t\t\t<\/li>\n\n\t\t\t\t\t\n\t\t\t\n\t\t\t<li id=\"su-post-32158\" class=\"su-post \">\n\t\t\t\t<a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-digital-forensics-analyst-do\/\">What Does A Digital Forensics Analyst Do?<\/a>\n\t\t\t<\/li>\n\n\t\t\t\t\t\n\t\t\t\n\t\t\t<li id=\"su-post-37869\" class=\"su-post \">\n\t\t\t\t<a href=\"https:\/\/www.freelancermap.com\/blog\/what-does-ai-trainer-do\/\">What Does An AI Trainer Do?<\/a>\n\t\t\t<\/li>\n\n\t\t\t\n<\/ul>\n\n\n\n\n<p> \u00bb\u00a0<a href=\"https:\/\/www.freelancermap.com\/blog\/freelance-job-profiles-it-roles\/#job-profiles-data-science-analysis\">More job profiles in Data Science &amp; Analysis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Functional Analysts are responsible for analyzing processes within a company looking to fulfill customer\u2019s needs. They act as the link between users and the technical team in charge of developing the application. Let\u2019s take a closer look at the role of a Functional Analyst.&nbsp; The terminology behind business roles can often be broad and non-specific, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[2993,3980],"tags":[3419,3413],"class_list":["post-23613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-careers","category-data-science-analysis","tag-career-insights","tag-job-profiles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What does a Functional Analyst do? | Job. Tasks. 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