MBA in Business Analytics is a 2-year postgraduate programme which imparts knowledge of business foundations and ways to think about business from a data-driven standpoint. The course is available at some of the top MBA Business Analytics colleges like Indian Institutes of Management (IIMs), MICA, JIMS, S.P. Jain Institute of Management and Research, NMIMS School of Business Management, etc.
MBA in Business Analytics admission in India is generally based on merit and entrance exam scores. The courses are available in various modes such as full-time, online, part-time, etc. A full-time programme is ideal for those who want to start new jobs or switch professions. Mid-career workers who desire to develop in their current employer may choose to pursue a part-time MBA in Business Analytics degree, which can extend the time to completion to three years or more. Accelerated programmes are also offered, which condense the same curriculum into an 18-month demanding programme.
The MBA in Business Analytics subjects includes Management, Leadership, Economics, Finance, Marketing, and Operations Management. These are integrated with data-focused areas such as database administration, social media analytics, data mining for business analytics, market data science, marketing analytics, and regression analysis.
The scope and career opportunities for MBA Business Analytics graduates are constantly expanding. One can attract various MBA in Business Analytics jobs such as Marketing Managers, Personal Financial Advisors, Financial Analysts, and more. Graduates may expect to earn MBA in Business Analytics salary between INR 6 lakhs and INR 18 lakhs per year on average, with the potential to earn INR 20-31 lakhs per year. Here's everything to know about the MBA Business Analytics course.
Here is a quick rundown of some of the most important features and facts about the MBA in Business Analytics course.
|Course Name||MBA in Business Analytics|
|Full Form||Master of Business Administration in Business Analytics|
|MBA Business Analytics Degree Level||Postgraduate/Master’s Degree|
|MBA in Business Analytics Duration|
|MBA Business Analytics Eligibility Criteria|
|Popular MBA Business Analytics Entrance Exams||CAT, XAT, GMAT, NMAT by GMAC, MAT, SNAP, MAT, CMAT, etc.|
|MBA Business Analytics Admission Process|
|Top MBA in Business Analytics Colleges||IIM Ahmedabad, IIM Bangalore, IIM Calcutta, NMIMS Mumbai, WeSchool Mumbai, SCMHRD Pune, GLIM Chennai, etc.|
|MBA Business Analytics Fees||INR 5 Lakhs to 25 Lakhs|
|Top MBA in Business Analytics Jobs||Marketing Manager, Personal Financial Advisor, Financial Analyst, Management Analyst, Business Intelligence Analyst, Business Analytics Specialist, Management Consultant, Operations Analyst, etc.|
|MBA Business Analytics Salary||INR 6 LPA to 31 LPA|
|Top MBA Business Analytics Recruiters||HCL, KPMG, Wipro, Google, Deloitte, Infosys, Amazon, Reliance, etc.|
An MBA in Business Analytics graduate is greeted with an abundance of prospects. Aside from these prospects, this degree provides numerous other advantages and career benefits. The following are the primary advantages of obtaining an MBA Business Analytics course:
The importance of Business Analytics having a global need cannot be overstated! Leading national and multinational corporations to hire professionals with an MBA Business Analytics degree. This allows you to create a career with worldwide appeal and to travel the world through your job.
The corporate world necessitates everyday encounters with a variety of specialists from various professions. With this degree, you will have the opportunity to improve your interpersonal and communication abilities. Not only that! This degree will teach you how to network and make long-lasting connections. These contacts are frequently important in one's professional career.
Given the growing demand for Business Analytics specialists, obtaining an MBA in this discipline ensures that you will always be in demand and will be able to work in a career that is in demand in the worldwide market. Businesses will always face competition, whether due to a recession or other unanticipated situations, and they will require professionals to help them gain an advantage over their competitors. As a result, MBA in Business Analytics opens the door to a prosperous and long-term profession.
Businesses use business analytics to analyze the market, foresee risks, gain further knowledge about customers, their purchasing patterns, preferences, and so on, and utilize this data to improve their products and services. As a result, if you have been trained in MBA Business Analytics, you have the ability and expertise to establish, strengthen, improve, and grow businesses.
The modern company market presents its own set of issues that necessitate smart solutions and strategies. This field provides you with the tools and abilities needed to develop such amazing strategies that are in sync with current market demands. These techniques are employed to improve many elements of business operation and growth. They also assist organizations in making sound business judgments. As a result, it is a win-win situation for you and the firm.
Business Analytics is the job of the future! Every day, about 2.5 quintillion bytes of data are generated globally, and these figures are rapidly increasing. These figures demonstrate the continued strong need for specialists in this industry in the coming years. As a result, graduates with an MBA Business Analytics degree will be in high demand and have a promising future in the worldwide market.
MBA Business Analytics courses are offered to prospective students in all three modes of learning: full-time, part-time, and online/distance schooling. Details are discussed below:
Students enrolled in a full-time two-year course must attend in-person classes, submit regular assignments, and take semester-wise offline exams on campus. They are also required to submit projects and perform practicals as per the course curriculum. Students who pursue a full-time course benefit from practical exposure to the field and profound understanding as a result of direct interaction with their lecturers and fellow students.
For students who cannot commit to the full-time programme or who are working in their professions full-time, there is a part-time MBA in Business Analytics course available. The part-time programme lasts two to three years.
Similar to the part-time course, distance/ online MBA in Business Analytics courses also last two to three years and can be pursued from anywhere. This course is designed for students or researchers who are working professionals and who cannot attend full-time or even part-time courses. Colleges like Amity University, D Y Patil Vidyapeeth Pune, BITS Pilani, Jindal Global Business School, etc. provide this course.
Executive MBA programmes are designed for mid-career professionals who desire to ascend into positions of leadership. Because the MBA Business Analytics programmes place a great focus on the experience that each student offers, applicants must have at least 5 years of professional experience. Part-time EMBA programmes are usually held in the evenings or on weekends. This enables trainees to continue working while immediately using their knowledge and abilities in their business as they advance.
Check the MBA in Business Analytics syllabus for the 1st and 2nd year provided in the tables below.
|Quantitative Methods||Managerial Communication|
|Financial Management||Computational Methods|
|Managerial Economics||Human Resource Management|
|Operations Management||Research Methods|
|Financial Accounting||Management Information Systems|
|Business Intelligence||Optimisation Analytics|
|Marketing Management||Stochastic Modelling|
|Statistical Analysis||Financial Analytics|
|Data Modelling||Organisational Behaviour|
|Strategic Management||Professional Development|
|Analytics Capstone Project||Predictive Analytics|
|Operations and Supply Chain Analytics||Marketing Analysis|
|Elective Paper||Risk Management|
|Big Data Analytics||Simulation Modelling|
|Human Resource Analytics||Data Mining|
|Project Management||Industry Internship Programme|
|Ethical and Legal Aspects of Analytics||Analytics Systems Analysis and Design|
The entire MBA Business Analytics course circulates around data analysis and predictive analysis. The main focus of the course is to equip the candidates with the various tools and mechanisms of the business analytics world. During the course, candidates will learn about the various aspects of the business world, managerial skills, analyzing skills, practical knowledge of the business world, and handling data. MBA in Business Analytics helps in small as well as large businesses. A few technologies and teaching approaches that might be particularly effective in an MBA in Business Analytics are the ones listed below:
Eligibility criteria is one of the most vital requirements that must be fulfilled by aspirants before seeking admission and so is the case for MBA in Business Analytics courses. The eligibility criteria for MBA Business Analytics courses are mostly similar to other MBA courses since Business Analytics has become a standard area for most organizations.
However, some management institutes and B-schools may require candidates to fulfill additional eligibility requirements when applying for admission. Thus, aspirants must check the eligibility requirements and admission criteria for a particular college through their official website before applying for admission to MBA in Business Analytics courses. Check the basic eligibility criteria for MBA Business Analytics courses below:
Candidates must appear for entrance exams to seek admission to MBA in Business Analytics subject. Based on the college, candidates wish to be admitted to, they will have to appear for one of the entrance exams for an MBA Business Analytics course. The entrance exams are conducted by the national or state authorities. Only a few colleges/ institutes conducted entrance exams at the institute level for admissions to MBA in Business Analytics subject. Candidates will have to appear for either of the entrance exams. The entrance exams may be conducted online or offline. However, the application forms will be available online.
There are two ways to approach the entrance exams. Either candidate may first appear for any of the popular MBA entrance exams and then based on colleges accepting the entrance exam score they may apply for the desired college for MBA Business Analytics programs. If not, another option is to first shortlist some of the preferred colleges and check the requirements of the colleges. And then apply for the entrance exams accordingly.
Here are some of the popular MBA entrance exams that candidates may appear for:
MBA entrance exams are the most common pathway that is followed by aspirants who wish to pursue MBA in Business Analytics or any other specialization. Since a majority of the top management institutes and B-schools offered MBA admission based on entrance exam scores, aspirants must know how to prepare for MBA in Business Analytics entrance exams to secure admission to the best MBA colleges possible. It is important to note that every MBA entrance exam is different in terms of pattern, acceptance criteria, syllabus, and various other factors. That being said, there are similarities between MBA entrance exams and candidates can prepare for multiple exams in a single academic year. The most common areas covered in MBA entrance exams are:
Here are some tips for preparation in order to pass the challenging MBA in Business Analytics entrance exams:
Candidates who have applied for admission to MBA in Business Analytics will have to appear for an entrance examination, at the national level, state level, or institutional level. Candidates will have to undergo the entire admission process of the particular colleges. There are several stages involved in the MBA Business Analytics admission process.
First, candidates must check out the eligibility criteria for the MBA in Business Analytics course. They must possess good aggregate marks at the Bachelor's degree level. They must also ensure that they check the MBA in Business Analytics syllabus, MBA Business Analytics course fees, MBA BA placements, and other additional benefits.
Further, if the candidate is satisfied with the details and is interested in pursuing the MBA Business Analytics course, he can appear for any of the entrance exams. There are many entrance exams conducted for admission to MBA in Business Analytics such as MAT, CAT, CMAT, or GMAT. Candidates must prepare for the management entrance exam they wish to undertake with the help of recommended books, previous papers, and mock tests, and aim to achieve the cutoff scores specified by their desired institute. Candidates must check the college website if they are interested in applying for the entrance exam accepted by the college.
Colleges will shortlist candidates on the basis of their scores in the entrance examinations and performance in the academic degree. After that, candidates will be called for the personal interview and group discussion round for the admissions for MBA Business Analytics course. Again, the selected candidates can submit the required documents and annual MBA in Business Analytics course fees to confirm their admission.
The MBA in Business Analytics subject is quite a demanding and extensive course with a difficult MBA Business Analytics syllabus. So, it is best to be prepared well in advance for the programme. Although the entrance exam is common for all MBA subjects, during the personal interview and group discussion rounds, the questions will be MBA Business Analytics course centric.
An MBA in Business Analytics subject is widely demanded by prominent companies and industries. There is great competition among the candidates to pursue MBA in Business Analytics subject. Therefore, there are numerous colleges offering the MBA in Business Analytics course. The MBA in Business Analytics admissions for various states are different, and also from college to college. So, here are some of the popular destinations in India to pursue an MBA in Business Analytics subject:
There are more than 50 colleges in Delhi offering MBA in Business Analytics subject specialisation. To take admissions to these colleges, candidates must clear the selection process of the particular college. There are several stages involved in the admissions process for MBA in Business Analytics subject. Candidates will first have to appear for either a national-level or institute-level entrance exam based on the college requirements. Then they will have to appear for GD and Personal Interview rounds, where the topics are from the MBA in Business Analytics subject background itself. There is competition and only the candidates performing excellently are selected. There are also separate selection criteria and weightage, which depend on college to college.
Here are some of the leading MBA in Business Analytics colleges in Delhi:
|Name of the College||MBA in Business Analytics Course Fees in Delhi|
|Delhi Technological University (DTU)||INR 3.56 Lakhs|
|Sri Sharda Institute of Indian Management-Research (SriSIIM), Delhi||INR 3.95 Lakhs|
|Lloyd Business School, Greater Noida||INR 6 Lakhs|
|Galgotias University, Greater Noida||INR 3.18 Lakhs|
|I Business Institute, Greater Noida||INR 5.65 Lakhs|
The heart of the business world, Mumbai is where candidates rush in to study management courses or to build a career in the Business world. Pursuing MBA in Business Analytics is a step toward a bright future in the business arena. The MBA in Business Analytics syllabus is designed in a manner to beat all the drawbacks and to emerge as a rising business in the currently evolving and changing business world. The colleges offering MBA in Business Analytics subjects accept admissions through the national-level entrance exams such as CAT, MAT, CMAT, etc. Also, some colleges offering student exchange programmes accept candidates with GMAT scores. Maharashtra also conducts a state-level entrance exam - MAH CET. It is accepted by most colleges.
Here are some of the best MBA in Business Analytics subject colleges in Mumbai:
|Name of the College||MBA in Business Analytics Course Fees in Mumbai|
|ISME School of Management and Entrepreneurship (ISME), Mumbai||INR 10.45 Lakhs|
|NMIMS School of Business Management (SBM NMIMS), Mumbai||INR 24.04 Lakhs|
|Athena School of Management, Mumbai||INR 6.75 Lakhs|
|Universal Business School (UBS), Mumbai||INR 10.98 Lakhs - 21.42 Lakhs|
|Welingkar Institute of Management (WeSchool), Mumbai||INR 11.04 Lakhs|
MBA in Business Analytics course is quite popular in India. Multiple private and government colleges in India offer this subject. Candidates may take admission to any of their desired Private MBA in Business Analytics colleges or Government MBA in Business Analytics colleges in India. The placements and ROI records of these colleges are almost 100%.
Also, they follow the MBA in Business Analytics syllabus for the curriculum, still, candidates may check out the MBA Business Analytics syllabus of the particular college in concern on their official website online. Although the admission process may differ from college to college. The table provided below contains some well-known MBA in Business Analytics colleges in India and their MBA in Business Analytics Course Fees.
|Name of the College||Courses Offered||Duration||Mode||Total Course Fees|
|Indian Institute of Management, Ahmedabad||ePost Graduate Diploma in Advanced Business Analytics (ePGD-ABA)||16 Months||Full-time; On-campus and Off-campus||INR 12 Lakhs|
|Indian Institute of Management, Bangalore||MBA Business Analytics (MBA-BA)||2 Years||Full-time; On-campus||INR 24.7 Lakhs|
|Indian Institute of Management, Calcutta||Post Graduate Diploma in Business Analytics (PGDBA)||2 Years||Full-time; On-campus||INR 24 Lakhs|
|Indian Institute of Management, Ranchi||MBA Business Analytics||2 Years||Full-time; On-campus||INR 17.5 Lakhs|
|Indian Institute of Management, Kashipur||MBA Analytics||2 Years||Full-time; On-campus||INR 18 Lakhs|
|Narsee Monjee Institute of Management Studies, Mumbai||MBA Business Analytics||2 Years||Full-time; On-campus||INR 18.04 Lakhs|
|Welingkar Institute of Management Development and Research (WeSchool), Mumbai||PGDM Research and Business Analytics||2 Years||Full-time; On-campus||INR 13 Lakhs|
|Jagdish Sheth School of Management (JAGSoM), Bangalore||PGDM Analytics & Digital Business||2 Years||Full-time; On-campus||INR 14.90 Lakhs|
|Amrita School of Business, Amrita Vishwa Vidyapeetham, Bengaluru||MBA-MS in Business Analytics (Dual Degree Programme)||2 Years||Full-time; On-campus||INR 17.60 Lakhs|
|Symbiosis Centre for Management and Human Resource Development, Pune||MBA Business Analytics||2 Years||Full-time; On-campus||INR 18.88 Lakhs|
|Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi||PGDM-Research & Business Analytics||2 Years||Full-time; On-campus||INR 13.90 Lakhs|
|EMPI Business School, New Delhi||PGDM Research & Business Analytics||2 Years||Full-time; On-campus||INR 10.80 Lakhs|
|Great Lakes Institute of Management, Chennai||MBA Business Analytics||1 Year||Full-time; On-campus||INR 21.50 Lakhs (Including International Study Programme)|
|Birla Institute of Technology and Science||MBA in Business Analytics||2 Years||Full-time; On-campus||INR 9.26 Lakhs|
|University of Petroleum and Energy Studies, Dehradun||MBA in Business Analytics||2 Years||Full-time; On-campus||INR 17.51 Lakhs|
Current trends indicate that the MBA in Business Analytics is one of the most sought-after courses. In India, several top-notch colleges/universities deliver this course by providing acclaimed faculties, specializations as well as the best teaching methodologies to prospective students. The following table indicates MBA Business Analytics course fees for top colleges in the country along with their NIRF rankings in descending order:
|Name of the College||Total Course Fees|
|Indian Institute of Management, Ahmedabad||INR 12 Lakhs|
|Indian Institute of Management, Bangalore||INR 24.7 Lakhs|
|Indian Institute of Management, Calcutta||INR 24 Lakhs|
|Indian Institute of Management, Ranchi||INR 17.5 Lakhs|
|Indian Institute of Management, Kashipur||INR 18 Lakhs|
|Narsee Monjee Institute of Management Studies, Mumbai||INR 18.04 Lakhs|
|Welingkar Institute of Management Development and Research (WeSchool), Mumbai||INR 13 Lakhs|
|Jagdish Sheth School of Management (JAGSoM), Bangalore||INR 14.90 Lakhs|
|Amrita School of Business, Amrita Vishwa Vidyapeetham, Bengaluru||INR 17.60 Lakhs|
|Symbiosis Centre for Management and Human Resource Development, Pune||INR 18.88 Lakhs|
|Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi||INR 13.90 Lakhs|
|EMPI Business School, New Delhi||INR 10.80 Lakhs|
|Great Lakes Institute of Management, Chennai||INR 21.50 Lakhs (Including International Study Programme)|
|Birla Institute of Technology and Science||INR 9.26 Lakhs|
|University of Petroleum and Energy Studies, Dehradun||INR 17.51 Lakhs|
With the rising demand for MBA courses, especially in specializations like Business Analytics, numerous colleges have started offering MBA in Business Analytics courses across the country. Since MBA aspirants hail from different parts of the country, it is natural that candidates will look for popular MBA in Business Analytics colleges in their own city before anywhere else. MBA in Business Analytics is already an expensive course and moving to a different city can add more expenses to a candidate’s higher education budget. Thus, it is always more prudent to pursue an MBA in Business Analytics in one’s own city. With that in mind, we have provided a list of popular MBA Business Analytics colleges in India for different cities. Let us quickly take a look at some of the best business schools in the mentioned below popular cities of India:
The scope of MBA in Business Analytics in India is expected to skyrocket in the future as more and more companies are relying on tools like Big Data to optimize their productivity. The corporate environment is already demanding professionals who can accurately analyze a business and provide solutions to increase their operational efficiency. Thus, aspirants can safely assume that investing in an MBA Business Analytics course will not be a waste of time.
As we know, Big Data is the central reason behind the need for MBA Business Analytics graduates. The increasing reliance on Big Data across all industries is a driving force for businesses and organizations to implement both Business Analytics and Business Intelligence in their core decision-making processes. Accumulation of data is useless unless it is properly evaluated and interpreted to yield important insights that can be used to make profitable changes in the business administration. This is where Business Analytics comes into play.
By the end of 2023, 40 Zettabytes of data are expected to exist, which will increase the number of career opportunities for both business analysts and data scientists. The job market for Business Analytics is expected to reach USD 684.12 billion by 2030, making it one of the fastest-growing industries in the global economy. Major organizations are significantly impacted by business analytics because it helps them lowers risks and take prudent business decisions. Analyzing data to better understand customers and enhance products is the aim of business analytics, which will become more important with advancements in the consumer sector.
What should you do after completing your MBA in Business Analytics? We have already seen the range and variety of opportunities available to MBA graduates with a Business Analytics specialisation. However, job positions in business analytics after an MBA can be divided into the following broad categories:
MBA Business Analytics graduates have a unique combination of technical expertise and business aptitude. Education in business basics, management techniques, data software, and programming and query languages such as SQL all work together to produce people who are equipped to flourish in leadership and analysis jobs. This formidable combination of skills qualifies MBA graduates not only for data-driven business and research positions, but also for general management, administrative, and C-suite executive positions with good income prospects.
Let us take a closer look at four common careers that you can get with a Business Analytics MBA.
|Job Profile||Job Description|
|Chief Data Officer||The chief data officer (CDO) is in charge of business data collection, organisation, storage, and usage. As members of the executive team, CDOs guide organisational strategy and are frequently in charge of managing specific departmental activities.|
|Business Intelligence Manager||Business intelligence managers analyse raw data to develop business intelligence reports, which business analytics managers use to display data, create actionable insights, and offer prospective business strategies to executives and business leaders.|
|Business Analytics Manager||Managers of business intelligence and managers of business analytics have comparable responsibilities. Both professions as managers necessitate leadership abilities and the capacity to manage a team. The distinction is in the extent to which each management engages with the data.|
|Marketing Analyst||Marketing analysts monitor, evaluate, and process marketing data such as advertising costs, customer behaviour, budget allocation, market trends, and market potential. Data analysis is used by marketing analysts to assess the efficacy of marketing initiatives and strategies. They specifically assist organisations in determining (a) what to sell, (b) who to target, and (c) how much to charge for what they are selling.|
|Supply Chain Analysts||A supply chain analyst's primary responsibility is to improve the performance of an organisation. They accomplish this by determining the requirements for a certain project and coordinating it with the other personnel. Since they are obliged to test their new supply chain processes, they transmit the details to engineers and quality assurance personnel. They also offer techniques for boosting performance, lowering expenses, and managing inventory.|
|Big Data Analysts||A Big Data Analyst's job is to research the industry by identifying, collecting, analysing, and communicating data that will help guide future business decisions. A Big Data Analyst deals with undiscovered data, patterns, and hidden trends, among other things.|
|Predictive Modeller||Predictive models are programmes that generate predictions depending on the data provided to them. A predictive modeller is responsible for developing these models. They must also be well-versed in statistics, analysis, and technology.|
Freshers starting in entry-level professions like Data Analyst, Business Analyst, Big Data Analyst, and Market Researcher can expect to earn between INR 3,50,000 and 7,00,000 lakhs per year. Higher-paying positions are reserved for graduates of prestigious business institutions.
Professionals with 5-8 years of business experience who have advanced to mid-level management posts, on the other hand, may expect to earn between INR 7,00,000 and 18,00,000 rupees per year.
The wage package increases significantly for senior-level experts with 10-15 years of work experience. These individuals in management earn annual salaries ranging from INR 18,00,000 to INR 31,00,000 lakhs.
A list of the MBA Business Analytics jobs and their average salary offered in MBA Business Analytics have been provided below.
|Job Profile||Average Salary (in INR)|
|Market Research Analyst||8,00,000|
|Business Intelligence Expert||7,00,000|
|Data Mining Expert||6,00,000|
|Data Analyst SAS Programmer||5,50,000|
|Data Warehousing and BA Architecture||17,22,000|
|Technical Team Lead||16,40,000|
Some of the prominent names in the industry hire MBA in Business Analytics graduates. Candidates are either directly placed from their college or university, or they may directly apply as per the vacancy. The recruitment process differs from company to company. Yet, most companies check the qualifications of the candidates and conduct personal interview rounds. On average, candidates are offered INR 8-16 LPA salary packages. However, it may be higher depending on the company and the capabilities of the candidates. Here are some of the leading names:
|Microsoft||McKinsey and Company|
|Boston Consulting Group (BCG)||Amazon||Morgan Stanley|
Although both these terms may sound similar, there are various differences between Business Analytics and Business Intelligence. Business Analytics is an area in which professionals are known to analyze and draw conclusions from past data in order to improve business operations in the present. However, Business Intelligence is different from Business Analytics since it is known to analyze both past and present information to constantly optimize business operations.
One of the key differentiating factors between Business Analytics and Business Intelligence is that the former is not in constant use as opposed to the latter. It is important that aspirants keep these differences in mind before choosing either one as their specialization of choice as the course structure, curriculum, and program outcomes for both of these courses will be vastly different. Check out the table below for major differences between Business Analytics and Business Intelligence.
|Business Analytics||Business Intelligence|
|It is a collection of methodologies and tools for employing data analysis, statistical modelling, and other quantitative techniques to address business issues. It comprises a continuous, rigorous examination of the data within an organization, with a focus on statistical analysis, in order to facilitate decision-making.||It refers to the methods and tools that organizations employ to manage and analyze business information.|
|It analyzes past information to support present business.||It analyzes both the past and the present to determine the requirements of the present company.|
|It is suitable for all businesses whose objectives include productivity and future expansion||It is suitable for all large-scale companies|
|It focuses on present business operations.||It focuses on future business operations.|
Graduating in MBA BA subjects is merely the degree that one receives from the institute. But candidates must be skilled and prepared for the hardships. Here are some of the skills that candidates need to compete in the business world.
MBA in Business Analytics Core Skills
Technical Skills for MBA in Business Analytics
The MBA in Business Analytics syllabus abroad is quite similar to that of the curriculum followed in India. However, Candidates will have to clear the entrance exams to take admissions to MBA Business Analytics colleges abroad.
To take admissions for an MBA Business Analytics abroad in various colleges/universities, candidates will have to appear for Graduate Management Aptitude Test (GMAT), an international-level MBA entrance exam. Also, candidates will have to appear for the Language test. Depending on the country and college applying for, they must appear for the International English Language Testing System (IELTS), or Test of English as a Foreign Language (TOEFL). Candidates must meet the minimum requirement of the TOEFL and IELTS and GMAT score to proceed with the admission process of the particular institution.
Make sure to check out the MBA in Business Analytics course fees and the MBA Business Analytics syllabus of the colleges before applying for it. Also, some colleges offer scholarships, candidates can also apply for the same while filling out the application form.
If you decide to go out of the country to pursue your goals, it is best to choose the best colleges. It will provide better opportunities and job offers after completion of the MBA in Business Analytics course. So, here are some of the best MBA Business Analytics colleges abroad:
|Name of the University/College||Location|
|Boston University (BU) Questrom School of Business||United States|
|Cornell University - Samuel Curtis Johnson Graduate School of Management||United States|
|The Wharton School of the University of Pennsylvania||United States|
|NYU Stern School of Business||United States|
|UCLA University of California, Los Angeles - Anderson School of Management||United States|
|University of Florida - Warrington College of Business Administration - Hough Graduate School of Business||United States|
|Hult International Business School||United Kingdom|
|Ashridge Business School||United Kingdom|
|Nottingham Trent University (NTU) - Nottingham Business School (NBS)||United Kingdom|
|Cardiff Metropolitan University (UWIC) - Cardiff School of Management||United Kingdom|
|York University - Schulich School of Business||Canada|
|Queen's University - The Stephen J.R. Smith School of Business||Canada|
|University of Toronto - Joseph L. Rotman School of Management||Canada|
|McMaster University - DeGroote School of Business||Canada|
|McGill University - Desautels Faculty of Management||Canada|
|University of Technology, Sydney (UTS) - Graduate School of Business||Australia|
|Deakin University - Deakin Business School||Australia|
|University of Western Sydney - Sydney Graduate School of Management (SGSM)||Australia|
|University of Southern Queensland (USQ)||Australia|
|Charles Sturt University||Australia|
|Australian Catholic University||Australia|
Business Analytics as a discipline can have several different approaches and aspirants can pursue the same using different pathways. Apart from an MBA in Business Analytics course, candidates can also have the option of choosing an MS in Business Analytics program. However, it is important to understand both these courses have very different features and characteristics even though both of them deal with the same field, i.e. Business Analytics. It is important for aspirants to research both these courses and their outcomes in order to ascertain which one will be a better fit for them.
Since the course structure for MBA in Business Analytics and MS in Business Analytics is different, the program outcomes and the career opportunities after the completion of either of these courses will also vary significantly. Now, let’s draw a comparison between an MBA in Business Analytics and MS in Business Analytics. The core course curriculum of the MBA Business Analytics and MS in Business Analytics courses is different. So, here are the differences between the two.
|Difference Factor||MBA in Business Analytics||MS in Business Analytics|
|Minimum Required Qualification||Graduation with a minimum 50% aggregate.||Graduation in any stream.|
|Full-Form of the Course||Masters of Business Administration in Business Analytics||Masters of Science in Business Analytics|
|Course Description||The intended design is for technical and business sectors that deal with data-driven settings and technologies. It takes a corporate and industry-oriented approach to research.||Mainly focuses on management and business knowledge and also imparts training for the same.|
|Average Course Fees||INR 5- 15 Lakhs Annually||INR 5-10 Lakhs Annually|
|Admission Process||Entrance Test-Based||Entrance Test/Merit Based|
|Salary||INR 8-16 LPA||INR 6-12 LPA|
Finding the distinctions between data science and data analytics may not be a professional-only task. Internet use has surged by 70% since last spring, making data management critical. Businesses, healthcare, entertainment, manufacturing, transportation, banking, and other industries carefully watch data to make business decisions. Even the general public will soon employ some of the tools and tactics for more effective and efficient data use. That is why understanding the difference between business analytics and Data Science is important for many people.
|Business Analytics||Data Science|
|Business analytics is the statistical examination of business data to gain insights.||The study of data utilizing statistics, algorithms, and technology is known as data science.|
|Business analytics primarily employs structured data.||In contrast, data science makes use of both organized and unstructured data.|
|It does not require a lot of coding. It is more focused on statistics.||Coding is commonly employed. This discipline combines classical analytics with solid computer science understanding.|
|The entire analysis is built around statistical ideas.||The following coding, statistics is employed at the end of the analysis.|
|Examines business-specific trends and tendencies.||Almost every trend and pattern is studied.|
|Finance, healthcare, marketing, retail, supply chain, and telecommunications are among the top industries that use business analytics.||Data science is widely employed in the following industries/applications: e-commerce, banking, machine learning, and manufacturing.|
Definitely, it is worth doing an MBA in Business Analytics since it teaches both technical and managerial aspects of Big Data, Data Mining, Visualisation, etc. Data is now a critical component of every aspect of business, from marketing managers looking for customer data to financial analysts calculating investment decisions.
One can get admission to MBA in Business Analytics courses only after they have passed university-level exams like CAT, CMAT, MAT, XAT, NMAT, etc. In India, many of these courses are delivered both offline as well as online/distance modes of education.
Students can apply for MBA in Business Analytics courses by filling out an admission form either offline or online after they have obtained their entrance exam score reports. After this, the criteria for selection are based on the cumulative scores, the personal interview/group discussion, and academic performance.
Yes, a distance/online MBA in Business Analytics is available for students who are unable to attend regular full-time on-campus classes. A few colleges or institutions in India like Amity University, D Y Patil Vidyapeeth Pune, BITS Pilani, Jindal Global Business School, etc provide this course in an online mode of education.
Yes, students can study MBA in Business Analytics abroad. Studying this course abroad offers a variety of rewarding work options, immense facilities, and the finest faculties from around the world. Additionally, students will learn a great deal about the numerous fields of study and the diverse cultures of other countries.
There are many top colleges for MBA in Business Analytics for students to study abroad. Some of them include the following:
Subjects for MBA in Business Analytics are divided into two categories: core and elective. The following are the core subjects of this course:
Yes, there are elective subjects for MBA in Business Analytics that students can choose as per their interests. The following are the elective subjects for this course:
Simply, MBA in Business Analytics is all about the correct interpretation of data through analysis. With the use of various tools and technology, business analytics may amass data for analysis and assist in making wise decisions. It helps decision-making become more timely, precise, and target-specific for huge businesses.
Indeed, MBA in Business Analytics can fetch students a rewarding career since it helps organisations or businesses make utilisation of Big Data. For businesses and sectors to thrive in today's dynamic, ever-changing business climate, business analytics offers an extensive understanding of data interpretation.
The following list includes some typical skills that are crucial in the field of MBA in Business Analytics, both for studying and for finding employment:
Varied types of teaching methodologies and techniques are used in MBA in Business Analytics courses to help students gain practical knowledge. Here are a few of them:
Yes, projects are mandatory in MBA in Business Analytics courses since they require collaboration between the procedures of multiple companies, technology goals, and data while accomplishing business objectives. Some common project topics for this course include:
There are many best reference books for an MBA in Business Analytics courses available for students to broaden their knowledge. The following are some of them:
The following are the top recruiters hiring graduates of MBA in Business Analytics courses:
The following are the popular job roles for MBA in Business Analytics:
MBA in Business Analytics is a two-year postgraduate course that deals with the study and analysis of Big Data through the use of operations and statistical analysis, the formulation of predictive models, the application of optimisation strategies, etc. Business analytics assists in monitoring staff productivity and KPIs, both of which have a significant impact on the organisation's capacity to expand and innovate.
It can be said that MBA in Business Analytics is better than MS in Business Analytics. MBA in Business Analytics offers wide opportunities and career options after completion of the course. Whereas, MS in Business Analytics offers jobs in the data science sector mostly, although it provides thorough knowledge on the subject.
The following are the eligibility criteria for an MBA in Business Analytics:
The duration of the MBA in Business Analytics course is two years if one pursues it full-time. However, for part-time or distance/online learning modules, the duration of this programme may vary between two to three years. Colleges like Amity University, D Y Patil Vidyapeeth Pune, BITS Pilani, Jindal Global Business School, etc provide this course in an online mode of education.
There are a wealth of career options available after pursuing an MBA in Business Analytics. Graduates in this field have career opportunities in almost every industry, including marketing, intelligence, finance, consulting, etc. Top employers like Microsoft, Google, Tata Group, Facebook, Linkedin, Wipro, Infosys, and others hire graduates in this field.
After pursuing an MBA in Business Analytics course, candidates often look for jobs. Top colleges offering MBA in Business Analytics offer direct placements. Candidates can either take up the offer or start their own business. They can also pursue further higher education and acquire in-depth knowledge on the subject.
Yes, MBA in Business Analytics course is in demand in India as well as across the world. As per Valuates reports, in 2020, the market for big data and business analytics was estimated to be worth USD 198.08 billion. By 2030, it is anticipated to surge to USD 684.12 billion, with a CAGR of 13.5%.
No, pursuing MBA in Business Analytics course is not difficult. Business analytics is more about drawing practical conclusions from massive amounts of data than it is about having a strong technical ability, especially when contrasted to something like data science. For this, one must be proficient in calculus, probability, linear algebra, statistics, etc.
Yes, it can be said that students can easily get jobs after pursuing MBA in Business Analytics. Anyone who enrols in an MBA in Business Analytics programme will find that the prospects are abundant because there is a severe dearth of such individuals in the field. They will have no trouble finding work in any industry or area, and they will have excellent chances in the future.