MBA in AI

MBA in Artificial Intelligence or Master of Business Administration in Artificial Intelligence is a two-year postgraduate degree course that focuses on upbringing the up-to-minute thinking and up-to-date methods for AI technologies to generate revenue and sow seeds of future business opportunities. In this course, students will be taught by highly educated academics with real industry experience from fields such as accounting, law enforcement, AI, business, and commerce. An MBA in AI teaches how to use complex algorithms to solve problems. 

To be eligible for MBA in Artificial Intelligence courses, students must pass entrance exams like CMAT, CAT, GMAT, etc. In India, many of these courses are delivered both offline as well as online/distance modes of education. Some of the top colleges offering these courses are BML Munjal University (Gurugram), SRM Institute of Science and Technology (Chennai), Amity University (Noida), etc. On average, the course fee ranges from around INR 3 to 6.5 LPA. Graduates in this field earn decent starting salaries ranging between INR 7 and INR 17 lakhs annually. 

Check out the significant highlights of the MBA in Artificial Intelligence courses below:

With every firm looking to include AI in their operation, studying AI provides a world of potential to produce cutting-edge tech solutions in varied areas including image identification, computer protection, pharmaceutical, or face recognition. Artificial intelligence (AI) is a popular business re-engineering and efficiency-boosting tool that specialises in making business processes and computers do tasks that would ordinarily require human intelligence.

Speech-to-text, text-to-speech, perception, decision-making, speech recognition, and language translation are all examples of language processing. It is a subfield of computer science whose goal is to create intelligent computer machines. An MBA in AI combines an awareness of the influence of business effectiveness through research, analysis, technology, and consultancy in the business world. This programme emphasises AI technologies and consulting abilities in addition to business fundamentals such as Accounting, Operations, Finance, Marketing, Managerial, and Strategic planning.

Students will be exposed to the Consulting AI Lab, where real AI-based consulting methods for industry-based projects will be implemented. The subjects are arranged to facilitate self-learning as well as to benefit the regional industry or worldwide entrepreneurs. The dynamic company Case studies are reinforced by a variety of teaching and learning pedagogies, such as expert sessions, technical and consulting workshops led by diverse AI and consulting professionals, in-house AI-consulting laboratories, live projects, international study abroad tours, and skill acquisition programmes and conferences.

One of the most prognosticated MBA programmes after a bachelor's degree is the one in Artificial Intelligence. MBA in Artificial Intelligence 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 Artificial Intelligence Courses

Full-time two-year students must attend in-person classes, complete regular assignments, and take semester-by-semester offline exams on campus. They must also present projects and perform practicals as part of the course programme. Students who enrol in a full-time study gain practical experience in the subject as well as in-depth learning through actively engaging with their instructors and other students.

Part-Time MBA in Artificial Intelligence Courses

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 Artificial Intelligence course available. The part-time programme lasts two to three years.

Distance/Online MBA in Artificial Intelligence Courses

Similar to the part-time course, distance/online MBA in Artificial Intelligence 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 SRM School of Management (Kattankulathur), D Y Patil International University (Pune), Amity University (Noida), etc. provide this course.

In India, multiple entrance exams are held for MBA in Artificial Intelligence courses, such as at the national level, state level, and university level. The following is a list of some of the entrance exams that applicants may take to enrol in this management course:

Common Management Admission Test (CMAT): For admission to the country's management programmes like MBA in Artificial Intelligence, CMAT is a national-level entrance test. This test helps AICTE-accredited participating MBA colleges choose qualified graduate applicants for admission to their management programmes.

Common Admission Test (CAT): The most prominent national-level entrance exam in India used to admit candidates to the best management colleges, especially IIMs is CAT. Data Interpretation and Logical Reasoning, Verbal Ability and Reading Comprehension and Quantitative Ability make up the three portions of the test.

Graduate Management Admission Test (GMAT): It evaluates the competencies that are most crucial for success in a graduate management degree like an MBA in Artificial Intelligence. The GMAT exam is only taken by applicants to graduate management education programmes, which total more than 200,000 applicants each year. IIMs, ISB, XLRI, SPJIMR, and many other prestigious B-schools are among the top MBA colleges in India that accept GMAT scores.

In India, the eligibility criteria for MBA in Artificial Intelligence courses may vary from one college or university to another. The detailed eligibility criteria are discussed below:

• Applicants must hold a bachelor's degree in any field (preferably Computer Science) from a recognised institution with a minimum of 45% to 55% aggregate.
• Applicants must sit for university-level exams like the CMAT, CAT, GMAT, etc.
• Although not mandatory, applicants having prior work experience related to this field are preferred for admission.

The admission process for an MBA in Artificial Intelligence may slightly vary depending on the type of institution and mode of applying (online or offline). The following is the common admission procedure for online/ distance or direct university admissions for this course:

Step 1: Visit your preferred college's official website.

Step 2: Fill out the application form after signing in as a new user.

Step 3: Scan all your required original documents, upload them, and then attach them to your application.

Step 4: Register and pay the application fee, then submit the application form.

Step 5: You will be informed of the status of your admission confirmation after the document verification process is complete. After that, you must use one of the college's provided payment methods to pay the programme's academic fee.

Step 6: A confirmation message containing the applicants' enrollment number and ID will be sent via SMS or email when the academic fee has been processed.

The following are a few most popular colleges in India to study MBA in Artificial Intelligence courses. These colleges hold the status of producing successful MBA graduates along with notable growth in the overall placement records of the universities.

As we know, traditional computers operate on an input/output basis, meaning that the result is determined by the input. The majority of the work performed by computers nowadays is a result of inputs. The goal of an MBA in Artificial Intelligence is to remedy this. The businesses will save a tonne of money yearly as a result. Numerous reputable businesses, including Amazon and Facebook, have already begun using AI-based solutions, even at this early level. The need for AI (and, consequently, AI professionals) will grow astronomically in the near future, not just in India but worldwide.

We have seen what SIRI and Alexa are capable of doing. They respond to every question with answers that are generally coherent. Yet these are only the most primitive applications of AI. Robots powered by AI are being used by Amazon in its warehouses to sort goods and transport them to delivery trucks. Using AI to identify and remove bogus news from websites is yet another interesting use. Self-driving cars powered by AI are soon to be chic. There are countless possibilities of how AI can reincarnate the world. Hence, studying MBA in Artificial Intelligence courses abroad offers several research opportunities for prospective students. In every country in the globe, the following business sectors can profit from AI:

• Business and industries- retail, warehousing, basic assistance to shoppers, even delivery
• Healthcare
• Inventory management
• Personal assistants
• Robots that can do heavy-lifting and work deemed dangerous for humans.
• Security and surveillance
• Smart sales, etc.

The table below shows the top colleges to study MBA in Artificial Intelligence courses abroad along with their respective countries:

As discussed, the MBA in Artificial Intelligence is a two-year postgraduate programme offered under the Business Administration stream. An MBA in AI teaches students what it takes to use complex algorithms to solve the problems of the business world. To pursue an MBA in Artificial Intelligence at an Indian institution, the average tuition fee for a one-year programme is between INR 3,00,000 and INR 6,50,000. However, it may vary depending on the type of institution, facilities provided, research opportunities offered, etc. Furthermore, pursuing an online MBA in Artificial Intelligence course is comparatively cheaper compared to the traditional mode of education.

An MBA in AI course curriculum teaches students how businesses employ AI and Machine Learning in business administration. It also assists students in applying Data Science and Artificial Intelligence principles to data analysis. Now, let us discuss MBA in Artificial Intelligence course curriculum in detail for the whole two-year course.

First-Year MBA in AI Course Syllabus

The following table shows the first-year MBA in AI course syllabus segregated into core subjects and elective subjects respectively:

Second-Year MBA in AI Course Syllabus

The following table shows the second-year MBA in AI course syllabus segregated into core subjects and elective subjects respectively:

One's profession will be future-proof by taking the MBA in Artificial Intelligence course. It is estimated that AI could contribute USD 957 billion, or 15% of the current market value, to the Indian economy by 2035. As time goes on, individuals are attempting to programme computers to think for themselves. These days, we like conversing with SIRI or we do adore Amazon's reliability and speedy arrival. The only possible reason behind this AI. 

Even if we assume that computers with AI can comprehend for themselves, the logic-based AI system requires a massive amount of data to be fed. Data that is unstructured cannot simply be ingested. A thorough, logical, and substantial amount of data is required by AI robots for their algorithm to function efficiently. Artificial intelligence has a countless variety of applications. A candidate who chooses an MBA in Artificial Intelligence course will have access to several employment opportunities worldwide. 

Job Profiles for MBA in Artificial Intelligence Graduates

The career prospects in the field of MBA in Artificial Intelligence are quite promising with lucrative salary packages and numerous opportunities. The following is a list of the most typical job profiles for the graduates of this field:

• AI Engineer
• Data Scientist
• Machine Teaming Manager
• Robotics Programmer
• Principal Data Scientist
• Data Detective
• Robotics Programmer
• Algorithm Engineer
• NPL Scientist
• AI Developer
• Computer Scientist
• Computer Vision Engineer
• Software Developer
• Data Mining Analyst
• Video Game Programmer
• Human-centered Machine Learning Designer
• Data Engineer, etc.

Leading Recruiters for MBA in Artificial Intelligence

Some of the top employers for MBA in Artificial Intelligence graduates are listed below:

• Accenture
• Amazon
• Deloitte
• Facebook
• Google
• HCL
• Infosys
• KPMG
• LinkedIn
• Microsoft
• Morgan Stanley
• Reliance
• Tata Group
• Wipro, etc.

Students can get a better gauge of what MBA in Artificial Intelligence graduates are earning by conducting a fast search on job portals. As per the research, the maximum salary that an AI expert may make is a staggering INR 22 lakh per annum. Contrarily, the minimum salary fluctuates between INR 3 lakh and INR 5 lakhs annually. Listed below are some job roles and their average salaries based on experience and skills one has in this field.

The following list includes some typical skills that are crucial in the field of MBA in Artificial Intelligence, both for studying and for finding employment:

Coding Expertise: People use AI to automate tasks. Successful use of high-quality programming is a must for this logic-based automation to succeed. The king of automation is Python. Therefore, Python proficiency is required.

Strong Logical Sense: Lack of a precise sense of logic prevents an MBA in Artificial Intelligence graduate from providing the system with superior algorithms and high-quality if-then logic, which are the cornerstone of an AI's ability to think autonomously.

Apart from these, listed below are a few skills required:

• Business intelligence and reporting software
• Creative thinking
• Data visualisation
• Database design
• Effective communication
• Problem-solving skills