MBA in Business Analytics

MBA in Business Analytics is a 2-year postgraduate course 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 syllabus covered topics like 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. 

• KMAT Kerala admit card 2024 for session 1 exam was released on February 22. The exam will be conducted on March 3 for admission to MBA colleges in Kerala.
• MAH MBA CET 2024 registration was available between January 11 to February 12. The State Common Entrance Test Cell will conduct the exam on March 9 & 10, 2024.
• CMAT registration 2024 will commence tentatively in the last week of February 2024. The National Testing Agency will release the complete application schedule in the official notification.
• MAT 2024 registration for the February session for IBT 3 and CBT exam will be available till March 5, 2024. The application form deadline for the PBT exam was February 20.

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 benefits of pursuing 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 in Business Analytics course. 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 course 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 an MBA in 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.

The MBA in Business Analytics course is an excellent choice for people who have a strong understanding of business, are naturally talented in statistical analysis, and have an analytical mindset. The program is highly sought after and is known for being challenging, making it the perfect choice for those who want to start a career in applied analytics. However, there are no strict rules regarding who can pursue this program. Anyone with a passion for analytics and strategic decision-making, and the ability to view business through a data-driven perspective, should consider taking an MBA in Business Analytics. This program can be pursued by those who want to establish a rewarding career in the corporate and business world or those with an entrepreneurial vision. Fresh graduates, senior business executives, working professionals with 2-3 years of experience, and individuals keen on making a career as data scientists or other analyst roles can seriously consider doing an MBA in Business Analytics course.

The online MBA in Business Analytics course is a highly sought-after program that offers individuals the opportunity to enhance their careers in the business world or pursue leadership positions without having to leave their current jobs. MBA in Business Analytics online is delivered entirely over the Internet, which means that students can access course materials, participate in discussions, and complete assignments remotely, from anywhere in the world.

One of the primary benefits of an online MBA in Business Analytics is the flexibility it offers students. Unlike traditional classroom-based programs, online MBA programs allow students to study at their own pace and on their own schedule. This makes it an ideal option for working professionals wanting to further their education while maintaining their work commitments.

Another advantage of an MBA in Business Analytics online is that it provides students with the opportunity to interact with a diverse group of classmates from all over the world. This allows students to gain a broader perspective on business issues and learn from the experiences of others. The online MBA in Business Analytics course can be a highly rewarding experience for students who are willing to put in the time and effort to succeed.

Both MBA in Business Analytics and MSc in Business Analytics are advanced degree programs, but they have distinct differences in their focus, structure, and intended outcomes. Check out the difference between MBA in Business Analytics and MSc in Business Analytics provided in the table below.

MBA Business Analytics courses are offered to prospective students in all three modes of learning: full-time, part-time, and online/distance schooling. Check out the details about MBA in Business Analytics course types below.

Full-Time MBA in Business Analytics

Students enrolled in a full-time two-year MBA in Business Analytics 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 available with a specialization in Business Analytics. The part-time MBA in Business Analytics course lasts two to three years.

Online MBA in Business Analytics

Similar to the part-time course, an online MBA with a specialization in Business Analytics is available that lasts 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 in Business Analytics course places a great focus on the experience that each student offers, applicants must have at least 5 years of professional experience. Part-time Executive MBA in Business Analytics courses 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.

MBA in Business Analytics eligibility criteria are mostly similar to other MBA courses. However, some management institutes and B-schools may require candidates to fulfil additional eligibility requirements when applying for admission. Check the basic eligibility criteria for MBA in 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 in Business Analytics course.
• Work Experience: Working professionals can also apply for an 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 admission to MBA in Business Analytics course.

Required Skills for MBA in Business Analytics

• Core Skills: Effective communication, problem-solving skills, critical thinking, inquisitiveness, visualization, and attention to detail are essential skills for an MBA in Business Analytics. Candidates must be able to communicate their insights and ideas, solve problems with quick solutions, analyze data critically, and see the bigger picture while still paying attention to minute details.
• Technical Skills: Candidates must possess technical skills to work with big data and analytics. They should have theoretical and practical knowledge of fundamental tools like SQL, Python, R, and statistical software such as SPSS, SAS, Excel, etc.

Based on the college, candidates wish to be admitted to, they will have to appear for one of the entrance exams for MBA Business Analytics course. Here are some of the popular MBA in Business Analytics entrance exams that candidates may appear for:

Candidates who have applied for admission to MBA in Business Analytics course 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.

• Check Eligibility Criteria: 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.
• Appear for the Entrance Exam: If the candidate is eligible, 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.
• Participate in Counselling: Colleges will shortlist candidates based on 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 the MBA Business Analytics course.
• Complete Admission Formalities: The selected candidates can submit the required documents and annual MBA in Business Analytics course fees to confirm their admission. Once all the formalities are done, the college will commence the classes.

In India, numerous colleges offer direct MBA in Business Analytics admission without requiring candidates to appear for any entrance examination. However, to be eligible for admission to such colleges, candidates must have completed their bachelor's degree program with a minimum of 60% marks. It is important to note that the admission criteria may vary from one college to another. Therefore, candidates must carefully check the criteria set by the college they are applying to.

In addition to academic qualifications, some colleges may also conduct personal interviews to assess the candidate's overall suitability for the program. Hence, it is always a good idea to prepare well for the interview. Pursuing an MBA in Business Analytics is a great career choice for those who wish to develop their analytical and managerial skills in the field of data science and business management.

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 in Business Analytics course fees for top colleges in the country:

Check the MBA in Business Analytics syllabus for the 1st and 2nd year provided in the tables below.

MBA in Business Analytics Syllabus First Year

MBA in Business Analytics Syllabus Second Year

Check out some of the most popular private MBA in Business Analytics colleges in India along with their course details, fees, and NIRF Ranking 2023.

Also Read: 10 Best Colleges Offering MBA in Data Science and Business Analytics

The table provided below contains some well-known government MBA in Business Analytics colleges in India along with their course details, fees, and NIRF Ranking 2023.

Many renowned colleges in India offer direct admission to MBA in Business Analytics without requiring students to appear for entrance exams. The admission is provided based on a candidate's academic profile and personal interview (if conducted). Some of the top colleges that offer direct MBA Business Analytics admission in India are listed below.

MBA in Business Analytics graduates possess a unique blend of technical expertise and business acumen. Their education covers business fundamentals, management techniques, data software, and programming and query languages like SQL, which collectively prepare them to excel in leadership and analytical roles. This powerful set of skills enables MBA graduates not only to pursue data-driven business and research positions but also to advance to general management, administrative, and C-suite executive positions with attractive income prospects.

Top Job Profiles After MBA in Business Analytics

Let us take a closer look at four common careers that you can get with a Business Analytics MBA.

MBA in Business Analytics Salary in India

A list of the MBA Business Analytics jobs and their average salary offered in MBA Business Analytics have been provided below.

Top Recruiters of MBA in Business Analytics

Listed below are the top companies that recruit MBA in Business Analytics graduates.

MBA in Business Analytics Scope in 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, candidates 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. MBA in Business Analytics graduates can make a career in the following areas:

• 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.

If you have completed your MBA in Business Analytics degree, but are still looking to get more knowledge in the area, then you can consider further education. Here are some popular courses that you can opt for after earning an MBA in Business Analytics.

• ISB Certificate Programme in Business Analytics (CBA)
• Certification in Data Science
• Executive MBA Course
• PhD in Management
• Chartered Financial Analyst (CFA)
• Project Management Professional (PMP)
• Financial Risk Management (FRM)