MBA in Business Analytics is a two-year postgraduate course. MBA Business Analytics combines management, business, and computer science to help businesses make data-driven decisions. Business Analytics is used in every industry and opens diverse job scopes in various sectors like banking & financial services, e-commerce, and retailing.
|Full Form||Master of Business Administration in Business Analytics|
|Duration||Course Duration of Master of Business Administration [MBA] (Business Analytics) is 2 Years.|
|Age||There is no age limit|
|Minimum Percentage||50% in Bachelor's Degree|
|Average Fees Incurred||INR 5 LPA to 15 LPA|
|Average Salary Offered||INR 5.5 LPA (Source: Payscale)|
|Employment Roles||Business Analyst, Digital Marketing Manager, Business Development Analyst, Business Consultant, Business Intelligence Analyst, Financial Analyst, Resource Analyst, Data Scientist|
|Placement Opportunities||Evalueserve, WNS Global Services, Accenture Technology Solutions, Amazon.com Inc, JP Morgan Chase & Co, Deloitte Consulting LLP, Cisco Systems Inc|
According to Oxford Languages, business analytics is defined as "Business Analytics (BA) is the iterative, methodical exploration of an organization's data, with an emphasis on statistical analysis. Business analytics is used by companies that use data-driven decision-making."
MBA Business Analytics is a postgraduate program with the duration of two years. The course includes subjects like a quantitative analyst, project manager, market researcher, and other matching job profiles. MBA in Business Analytics in India is quite popular as the goal of the course draw insights about why things happened, what will happen, and to bring solutions for the business challenges.
The technologies and tools used in business analytics are listed below:
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MBA Business Analytics is an important course that meets the current trends of the business world. MBA Business Analytics course eligibility criteria are listed below:
The selection process for MBA in Business Analytics is designed to identify influential personalities possessing a spirit of excitement and daring and the capability to pursue business analytics courses in management. The university uses different criteria for selecting aspirants, and it can be either through scores of entrance exams or through direct admission. MBA Business Analytics course admission process is either based on cut-off scores or through direct admission. Listed below are the admission process for MBA Business Analytics course:
Aspirants need to fill the admission form online or offline by attaching all the documents in that format, including Aadhar card number, address proof, voter ID card, domicile, mark sheet of 10th, 12th, and the final year graduation mark sheet.
All shortlisted applicants after the group discussion will appear for a personal interview by college/university expertise. After the personal interview, aspirants can verify their documents in college/university, and after they can pay their fees.
Aspiring MBA students can appear for the national and state-level entrance exams for admission in top colleges and universities. Selection for admission will be based on the merit-basis depending on his graduation marks. The selected student appears for GD (Group Discussion) and PI (Personal Interview). They are asked questions to test their critical thinking capabilities, and the aspirants are selected based on those assessments. Listed below are the MBA entrance exams:
MBA in Business Analytics is one of the best courses to pursue to fulfil one's technological aspirations with management studies' aid. Listed below are the standard pattern of entrance exams.
MBA Business Analytics is one of the top-rated courses in the current trend and let's have a look at the top MBA Business Analytics colleges according to NIRF:
|41||Amity University Noida|
MBA Business Analytics is postgraduate management with a duration of two years. The MBA in Business Analytics is a two year course, and it consists of 4 semesters. The average MBA in Business Analytics fees ranges from INR 5 LPA to 15 LPA.
Some of the Colleges are listed below according to their fees structure:
|Colleges||Total Fees Structure|
|Indian Institute of Management Bangalore||INR 23 Lakhs|
|Indian Institute of Management Ahmedabad||INR 10 Lakhs|
|School of Business, University of Petroleum and Energy Studies, Dehradun||INR 13 Lakhs|
|School of Business Management SVKM's Narsee Monjee Institute of Management Studies, Mumbai||INR 13 Lakhs|
|Symbiosis Centre for Management and Human Resource Development, Pune||INR 13 Lakhs|
MBA Business Analytics syllabus does not differ from 1st-year students of other MBA programs. These students learn about marketing, finance, organization design, human resources management, decision sciences, and operations management. It is the 2nd year in which the MBA in Business Analytics courses and syllabus get different. Following are the key topics covered in the courses of MBA in Business Analytics Syllabus:
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MBA in Business Analytics is a degree that consists of understanding big data, problem-solving, business tactics, forecasting, and communication. Let's get to know more about" Why choose MBA Business Analytics?" with three simple questions.
Business analytics is the process of collecting the data, combining the data, sorting, listing the data, processing out the best outfits, and using statistical data and methods to transform data into business insights. It helps in determining the dataset is useful and what problems should be solved for increasing the revenue.
Transferable Skills: MBA offers benefits like transferable skills, networking opportunities, and high salaries; thousands of business professionals earn this degree every year, hoping to position themselves for success in a wide range of industries.
Coursework: MBA in Business Analytics programs are geared to students with backgrounds in business and include extensive core coursework in business fundamentals such as accounting, finance, marketing, and strategy.
Electives Choices and Specialization: The business analytics components of these programs are usually taken as electives and focus on the business applications of data analytics with courses in big data, business forecasting, statistical applications, and optimization. MBA in Business Analytics do not typically offer the same amount of hands-on experience with analytical tools and methodologies. For example, some coursework may involve developing statistical models for forecasting business outcomes. Still, MBA programs often cover machine learning topics by exploring their historical and theoretical applications to business problems rather than hands-on learning.
Business analysts work with organizations and to help them and improve their processes. They analyze to come up with new solutions to business problems and help to introduce these systems to businesses and their clients.
Analyzing and Planning: Business analysts look forward to company progress, analyzing data to develop their knowledge and skills – and suggest new methods for its beneficial process. The work of a business analyst is related to the technical job role within a department.
Project Management: Analysts can either work for a company to work on projects for their employer. The business analysts' involvement in projects can vary, as they may only be present in the short-term, coming up with new ideas and solutions to a problem.
Dynamic Environment:Business Analytics provides the immense knowledge of data interpretation for companies and industries to survive in every business's changing dynamic environment.
Career growth: The course helps to gain much knowledge in management that will reward your future benefits. It provides new opportunities and challenges to face in day-to-day life.
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Talk to Ex-students and Alumni of MBA: Learn from those who've gone before you. Former MBA students can provide perspective information on various tips for preparing. Talk to friends who had completed their MBA from business schools. While the school's admissions team can arrange for campus visits and provide introductions, it may be even easier to find current students on LinkedIn or Instagram. Recent grads are proud of their achievement and have spread their good news online on social media platforms.
Read Books and Surf the Internet: What you gain from an MBA program is problem-solving and leadership skills. If you may want to build your career in the Business Analytics area, you have to refer to books and the internet and explore them accordingly.
Warm-Up: If you had taken a break for post-graduation or for preparing for any entrance exam. You might have to warm-up according to the business analytics mind and boost the thinking idea capacity. The warm-up will take hardly 5-7 weeks for catching up on the link.
Concentration: Many business schools are not providing the necessary and small skills that will have to be captured by the candidate on their own. Not every business school guide about the basis of last year. Business schools provide the platform to gain more knowledge in a limited period.
Mentally Prepare: Working hard with offers and advantages will ensure success in the candidate's future.
An MBA program helps to develop the leadership and management skills needed to advance your career. But to achieve that goal and succeed in your program of choice, you first need to prepare your mindset for Business analytics.
Aspirants completing MBA in Business Analytics courses can get hired in professional groups like McKinsey and Company. Boston Consulting Group. MBA Business Analytics graduates can also choose to pursue their higher education like PhD in Business Administration or pursue certification courses in business analytics, artificial intelligence or other technology-based courses.
MBA with Stream in Business Analytics can secure your future and help the students get hired on job profiles of the business forecaster, market researcher, forecaster, quantitative manager, and project manager. Some of the well-known opportunities available for these students are to get hired in companies Accenture, HP, IBM, Cognizant, Tata Consultancy Services, American Express, and so on. The average salary is approximately INR 5.5 LPA.
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Business analytics can be implemented in any industry to find a real-time solution to the problems mentioned below. This stream has its importance in business that can help you to live your dream. With increased internet penetration, business analytics has created its place to forecast and analyze data. After obtaining an MBA in Business Analytics, one can get employment opportunities for the following job titles:
The scope of analytics is rising in a current trend, and thus taking up a management course and learning analytical skills can help you advance in your career. By Master of Business Administration in Business Analytics, you will gain the following skills: