MBA in Business Analytics

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.

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:

Opportunity for a Global Career

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.

Interact with Others and Establish Strong Bonds

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.

Trending Job Opportunities

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.

Help Companies Start/Grow their Businesses

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.

Capability to Create Better Strategies and Efficient Solutions

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.

A Bright Future

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:

Full-Time MBA in Business Analytics

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.

Part-Time MBA in Business Analytics 

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.

Distance/Online MBA in Business Analytics

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 in Business Analytics  

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.

MBA in Business Analytics First Year Syllabus

MBA in Business Analytics Second Year Syllabus

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:

• Case study methods
• Presentations
• Business quizzes
• E-learning
• Blended learning
• Practical learnings
• Problem-based 
• Projecto-curricular activities
• Field projects and assignments

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: 

• Academic Requirements: One must hold a recognized bachelor’s degree with at least 50% aggregate for general category candidates and (45% for SC/ ST category).
• Final-Year Candidates: Those who have appeared for their final-year examination can also apply for admission to the MBA Business Analytics course.
• Work Experience: Working professionals can also apply for MBA in Business Analytics admissions, fulfilling the above-mentioned conditions. Additionally, they will have to submit their work experience details while filling out the MBA in Business Analytics application forms online.  
• Entrance Exam Scores: Valid scores on national-level exams such as the CAT/MAT will be considered for admissions to MBA in Business Analytics subject.

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:

• Common Admission Test (CAT)
• Management Aptitude Test (MAT)
• Symbiosis National Aptitude Test (SNAP)
• Xavier’s Aptitude Test (XAT)
• NMAT by GMAC
• Common Management Aptitude Test (CMAT)
• Indian Institute of Foreign Trade (IIFT)
• MICA Admission Test (MICAT)
• ICFAI Business School Aptitude Test (IBSAT)

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:

• Language and Communication Skills (Verbal, Reading, and Writing)
• Logical Reasoning and Analytical Thinking
• Mathematical Aptitude and Quantitative Reasoning

Here are some tips for preparation in order to pass the challenging MBA in Business Analytics entrance exams:

• Choose the entrance exam you wish to undertake and make a note of the whole curriculum.
• For the best results, start preparing as soon as you can. Do not leave syllabus coverage till the very end.
• To better grasp the entrance exam paper and the format it follows, take as many mock exams as you can.
• Pay attention to the strong and weak areas. To avoid losing marks when attempting them, concentrate more on the areas where you are weakest.
• If the exam is approaching, disregard the unfinished syllabus and concentrate on solidifying the knowledge you already have.
• To stay on track, adhere to a suitable schedule.

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:

MBA in Business Analytics Subject Admissions in Delhi

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:

MBA in Business Analytics Course Admissions in Mumbai

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:

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.

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:

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:

MBA in Business Analytics Colleges in Delhi NCR

• GL Bajaj Institute of Technology and Management, Greater Noida
• Sharda University, Greater Noida
• Jaipuria Institute of Management, Ghaziabad
• DTU Delhi - Delhi Technological University
• Amity University Gurgaon
• Greater Noida Institute of Technology MBA Institute, Greater Noida

MBA in Business Analytics Colleges in Mumbai & Pune 

• DYPUSM Mumbai - School of Management Dr. DY Patil University
• SCMHRD Pune - Symbiosis Centre for Management and Human Resource Development
• NMIMS Mumbai - Narsee Monjee Institute of Management Studies

MBA in Business Analytics Colleges in Bangalore

• IIM Bangalore - Indian Institute of Management
• Presidency University
• ABBS - Acharya Bangalore B-School
• GEMS B School
• SIBM Bangalore - Symbiosis Institute of Business Management

MBA in Business Analytics Colleges in Chennai

• Hindustan Institute of Technology and Science
• SRM Institute of Science and Technology
• Vel's Institute of Science Technology and Advanced Studies
• Indian Institute of Knowledge Management
• Anna University

MBA in Business Analytics Colleges in Kolkata

• Techno India University
• Adamas University
• Bengal Institute of Business Studies

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:

• Descriptive Analysis: Descriptive analysis focuses on "What has happened". The descriptive use of historical data to determine what is going on within a company or with a specific product. This entails extracting patterns from data and visualising prior trends. Descriptive analysis is critical for evaluating the performance of existing investments and corporate plans, and it is one of the most significant parts of various positions following an MBA in Business Analytics.
• Predictive Analysis: This is one of the careers after an MBA in business analytics that addresses the question "What is likely to happen next?". Predictive Analysis employs technologies such as statistics and machine learning to create predictive models, which include data mining and forecasting. It enables businesses to see how their current strategy will perform in the future. This method can also be used to predict how profitable specific strategies/products/investments will be in the future.
• Prescriptive Analysis: Prescriptive analysis answers the question "What should we do now?". It recommends courses of action to firms through simulations and optimizations. This approach employs historical and current data to generate suggestions for risk management and resource allocation.

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.

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.

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:

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.

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

• Communication is always the key factor in the rapidly changing business world for an MBA in Business Analytics. Candidates will have to communicate their ideas, prospects, insights on projects or deals. One must be capable of portraying the correct viewpoint with the correct words and statements. In the business world, every word has deep meaning, and requires speaking responsibly. They must also have great presentation skills to present their story after analysing the data. 
• Inquisitiveness is a must skill for a MBA Business Analytics course study. The natural curiosity to discover and find the real meaning from the data. It comes in handy while handling large groups of people, or managing a company. It helps the person stay in touch with the business world and its changes.
• While handling big data, often problems arise due to multiple factors. MBA Business Analytics students must be problem solvers. To handle statistics and predictive analysis will be the part of the job, and the candidate must be capable of doing that and coming up with quick solutions.
• An MBA in Business Analytics should also be a critical thinker. Merely collecting data, and concluding is not an answer. They must be able to think critically of the data. First collection of data, then analysing the data critically and finally, drawing a conclusion will be helpful.
• Candidates must be visualisers. Some matters require a fresh start or disintegration of the data. In such matters, an MBA in Business Analytics should be able to perform the task and rebuild the data with a fresh visual or viewpoint. 
• Must have keen eyes for the matter and also see the bigger picture. They must be flexible with their viewpoints to see the big picture, as well as concentrate on minute details. While analysing data, every detail is necessary. 

Technical Skills for MBA in Business Analytics

• Having technical skills in MBA in Business Analytics subject is a necessity. Candidates must have their hands clean over some of the technical skills. The MBA Business Analytics course demands that candidates must be comfortable with working with big data and analytics on a daily basis. They must possess theoretical as well as practical knowledge of some fundamental tools of Business Analytics. These are:
• Candidates must be aware of SQL, a coding language. It is one of the most important tools in the MBA in Business Analytics subject. Professionals should be able to work with the tool, extract data and analyse it. 
• Statistical Language must be known to the candidate. Traditionally, The Python language and the R language are the most common and also the most used languages. While studying MBA Business Analytics, candidates will be taught about it, and they must have their concepts clear with the language. 
• There is some statistical software that candidates can use while working with data and analysing. It helps them to write codes to simplify their work. Some of the software are SPSS, SAS, Mathematica, Excel, Sage, and others. Candidates will be taught about it during the MBA in Business Analytics course.

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:

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.

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.