MBA in Data Science: Course Details, Eligibility, Admission, Fees

Duration: 2 Years
Avg Fees: ₹4 - 5 LPA
GMU
GMU

Updated on - Dec 2, 2023

MBA in Data Science is a two-year advanced academic program that integrates business administration principles with data analysis, statistical modeling, and technology skills. MBA Data Science syllabus equips students to analyze intricate data sets, extract valuable insights, and translate them into strategic decisions for businesses and organizations.

The eligibility criteria for MBA in Data Science program require candidates to possess a bachelor's degree. General category applicants need a minimum aggregate score of 50-55%, while those in reserved categories require a minimum of 45%. Institutions consider both merit-based evaluation and cut-off scores from popular entrance exams like CAT, MAT, and XAT. MBA in India typically incurs fees ranging from INR 50,000 to INR 315 LPA.

MBA in Data Science Course Details

Degree Masters
Full Form Master of Business Administration in Data Science
Duration 2 Years
Age There is no upper age limit to enroll in the course.
Entrance Exam CAT, MAT, XAT, NMAT, etc.
Minimum Percentage A minimum of 50-55% marks in Bachelor's Degree for unreserved category students and 45% for reserved category students.
Average Fees ₹4 - 5 LPA
Similar Options of Study MSc in Data Science, MBA in Financial Management, etc.
Average Salary INR 9.20 LPA (Source: Ambition Box)
Employment Roles Data Analyst, Risk Analyst, Business Analyst, Data Trainer, Data Scientist, etc.
Opportunities TCS, Accenture, IBM, Oracle, JP Morgan, etc.

About MBA in Data Science

MBA in Data Science or Master of Business Administration in Data Science. The course falls under the umbrella of MBA courses. It is a combination of management and data science through which candidates are equipped with knowledge and theoretical skills involved in both domains.

The MBA in Data Science curriculum typically covers subjects like statistics, machine learning, data visualization, business analytics, and management principles. Students gain proficiency in both business and data science domains, preparing them for roles that require data-driven decision-making and leadership. The average MBA Data Science salary ranges from INR 9-24 LPA.

 Table of Contents

Also, Check: How to Become a Data Scientist

MBA in Data Science Eligibility Criteria

The eligibility criteria for the MBA in Data Science program encompass specific prerequisites that candidates need to fulfil before gaining admission. In India, the essential requisites for enrolling in an MBA in Data Science course are as follows:

  • Candidate should have a bachelor's degree such as BBA, BTech, etc.,  from a recognized university with an aggregate score ranging from 50% to 55%. For candidates belonging to the SC/ST/OBC categories, a relaxation of 5% is usually applicable. Clearing entrance exams like CAT, XAT, MAT, etc., is an integral part of the admission process.
  • Colleges like IIM Bangalore require a candidate to score 95-99 percentile in CAT to be eligible for further process.
  • College may also have an additional requirement for candidates to have a minimum of 2 years of work experience.
  • There is no upper age limit to enrol in the course.

Why Choose an MBA in Data Science?

MBA in Data Science is a professional course that opens many job opportunities and lucrative salary packages. In the list given below are some of the points that highlight why one should pursue the course:

  • According to Nasscom and Zynga, from 2018 to 2025, the number of data science jobs in India is expected to grow from 2,720 to 16,500.
  • The demand for data scientists globally is expected to rise by 200%.
  • The scope of data science and its management has increased in recent years, especially in banking, cyber security, and real estate.
  • The contribution of India to job markets in the field of data science has been 11.6% in 2022.

Why Choose MBA in Data Science course

Also, Read: Why MBA? Top Reasons to Pursue an MBA

MBA in Data Science Admission 2023

MBA Data Science admissions follow a consistent pattern across multiple universities in the country. There is no direct admission offered by colleges for this course. The admission process can be outlined through the following steps:

  • Step 1: Candidates need to satisfy the minimum qualifying criteria established by the respective college or university. 
  • Step 2: Meeting the entrance exam cut-offs set by various colleges is a crucial prerequisite for applicants.
  • Step 3: Each college requires the candidate to complete an application form, which is available both online and offline.
  • Step 4: After assessing candidate applications, colleges compile a list of shortlisted candidates for Group Discussion (GD) and Personal Interview (PI) sessions.
  • Step 5: After the final merit list is issued, the candidate must complete the document verification and pay the fees.

MBA Data Science Admission 2023

Read More on MBA Admission Process

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MBA in Data Science Entrance Exams

MBA in Data Science entrance exams such as CAT, MAT, XAT, etc., are conducted to determine candidates' eligibility for further admission process. Below listed are some entrance exams conducted for MBA Data Science admission:

MBA Data Science Entrance Exams

Exam Date

Accepting Colleges

CAT

Nov 26, 2023

IIT Mandi, IIM Bangalore, etc.

MAT

Feb 25- Dec 17, 2023

SCIT Pune, Amity University, etc.

XAT

Jan 7, 2024

IIT Mandi, UPES, etc.

NMAT

Oct 10- Dec 19, 2023

NMIMS Bangalore, Amity Unversity, etc.

CMAT

February 2024  (Tentative)

Amity University, LPU, etc.

GMAT

-

IIM Bangalore, SCIT Pune, etc.

Top MBA Data Science Colleges in India with Fee Details

The MBA in Data Science course is offered by top B-Schools in India such as IIM Bangalore, NMIMS, SCHMRD Pune, etc.  The average fee for an MBA in Data Science course is in the range of INR 1-15 LPA. Here are some of the best colleges offering MBA in Data Science in India along with the average fees:

NIRF Ranking 2023

Institution

Average Tuition Fee

Admission Fees

Miscellaneous Fees

2

IIM Bangalore

INR 12.50 LPA

INR 10,000

INR 23,000 PA

21

NMIMS Bengaluru

INR 2.5 LPA

INR 40,000

INR 8,000 PA

25

Amity University

INR 2.53 LPA

INR 12,000

INR 25,000 PA

27

Chandigarh University

INR 48,000 PA

INR 1,000

-

28

SRM University

INR 3.85 LPA

INR 25,000

INR 4,500 PA

46

LPU

INR 4.80 LPA

INR 20,000

INR 4,000 PA

52

UPES

INR 8.75 LPA

INR 1,350

-

73

IIT Mandi

INR 9 LPA

INR 10,000

INR 8,500 PA

76

SCIT, Pune

INR 7.5 LPA

INR 20,000

INR 6,700 PA

-

SCMHRD, Pune

INR 9.40 LPA

-

-

Top MBA Data Science Colleges

Read More: Top MBA Data Science Colleges in India

City-Wise Top MBA Data Science Colleges

Top Cities Average Fees
MBA in Data Science Colleges in Kanchipuram INR 3,50,000 PA
MBA in Data Science Colleges in Bangalore INR 2,95,000 PA
MBA in Data Science Colleges in Chittoor INR 4,00,000 PA
MBA in Data Science Colleges in Pune INR 5,40,000 PA

Types of MBA in Data Science Courses

MBA in Data Science programs come in various formats, including part-time, distance education, and online options, catering to different preferences and schedules. Detailed below in the table is an overview of the different types of MBA in Data Science categories that cater to the various needs of the students:

Type

MBA in Data Science Eligibility

Course Duration

MBA in Data Science Full Time

Bachelor's degree with a minimum of 50-55% marks for unreserved category students and 45% marks for reserved category students. + Entrance Exam Score+ GD/WAT/PI rounds.

2 Years

Distance MBA in Data Science

Bachelor's degree with a minimum of 50-55% marks and 45% marks for reserved category students.

2-5 Years

Online MBA in Data Science

Bachelor's degree with a minimum of 50-55% marks and 45-40% marks for reserved category students.

1-2 Years

MBA in Data Science Distance Education

MBA in Data Science distance education provides flexible learning by allowing students to gain advanced data and business skills remotely. Mentioned below are details regarding the distance MBA in Data Science course:

  • Only IGNOU offers the MBA in Data Science as a distance education program. The course is offered with the combination of two disciplines - data science and analytics.
  • The course lasts between 2 and 5 years. Candidates must have a bachelor's degree in a relevant discipline and pass the OPENMAT.
  • The average total course fee is INR 2.12 Lakh.

Online MBA in Data Science

The online MBA in Data Science course is designed for candidates who lack the time or ability to attend a traditional MBA Data Science program. The eligibility requirements are the same as those for a standard MBA. Below mentioned are details regarding the online MBA Data Science course:

  • The course can be pursued from colleges like LPU, Amity University Online, Jain Online University, etc.
  • The average course fees ranges between INR 50,000-2 LPA.
  • The students get the opportunity to get hired by top companies like Accenture, Deloitte, IBM, etc.

MBA in Data Science Syllabus and Subjects

MBA in Data Science subjects focus on equipping students with the foundation to advance knowledge in the fields of data learning, data languages, and its application in the business field. The curriculum encompasses fundamental core courses and a range of electives, ensuring a balanced foundation and specialized proficiency.

Below is a general outline of the MBA in Data Science Syllabus followed commonly by most institutions:

Semester

Topics Covered

Semester Ⅰ

Principles of Economics and Market, Managerial Ethics, Accounting and Finance, Organisational Behaviour, Human Resource, Quantitative Data Analytics and Research

Semester Ⅱ

Python, Statistics, Business Analytics, Marketing Research.

Semester Ⅲ

SQL, Business Environment and Strategy, Machine Learning, Operations Management.

Semester Ⅳ

Data and Text Mining, AI, Web and Social Media Analytics.

Read More: MBA Data Science Syllabus and Subjects

MBA Data Science vs MBA in Data Analytics

An MBA in Data Analytics is focused on the application of analytics techniques, while an MBA in Data Science provides a broader understanding of data science concepts and methodologies. The table below compares MBA in Data Science and Data Analytics programs.

Parameter

MBA Data Science

MBA Data Analytics

Full Form

Master of Business Administration in Data Science

Master of Business Administration in Data Analytics

Discipline

Management

Management

Course Overview

The course focuses on understanding topics like machine learning, artificial intelligence, and big data management for advanced analytics.

The course focuses on analyzing large data sets for business decision-making using statistical analysis and data visualization. 

Duration

2 years

2 years

Eligibility

Minimum of 50% of total marks in UG

Minimum of 50% of total marks in UG

Top Institutes

IIMs, IMI, SP Jain

IIMs, XMRI, FMS

Average Fees

INR 1-15 LPA

INR 1 - 11 LPA

Average Salary

INR 9.20 LPA (Source: Ambition Box)

INR 5 LPA - INR 25 LPA [Source: PayScale]

Job Roles Data Analyst, Data Trainer, Data Scientist, etc. Data Analyst, Business Analyst, Data Architect, etc.

Read More: MBA in Data Analytics

Courses After MBA in Data Science 

After completing an MBA in Data Science, there are various postgraduate study pathways available for graduate students to gain a deeper understanding of the subject and enhance their career prospects. Here are some popular higher education options for students who have completed an MBA in Data Science:

  • Ph.D: Pursuing a Doctorate in Data Science or a related field allows students to delve into advanced research and contribute to the academic and practical aspects of data science.
  • Executive MBA: For professionals aiming to blend their data science knowledge with business acumen, an Executive MBA program offers a strategic perspective on applying data science in real-world business scenarios.
  • Industry-Specific Master's Programs: Some students may choose to pursue master's programs tailored to specific industries, such as healthcare, finance, or marketing, where data science plays a critical role.

Salary after MBA in Data Science 

In India, graduates of the MBA in Data Science earn an average salary of INR 9.20 LPA (Source: Ambition Box). The graduate after having five years of work experience can earn up to INR 24 LPA. The average salary packages offered to graduates of MBA in Data Science are shown in the table below as per the job roles:

Job Roles

Average Salary

(Fresher)

Average Salary

(5 Year Exp.)

Data Science Manager

INR 8 LPA

INR 24 LPA

Data Scientist

INR 6 LPA

INR 12 LPA

Data Analyst

INR 3 LPA

INR 8 LPA

Business Analyst

INR 4.5 LPA

INR 7.5 LPA

Career Options After MBA in Data Science 

The business technology industry in India is expanding its MBA in Data Science career prospects due to an increase in research-oriented business decision-making by companies. The graduates get opportunities to work in top private and public organizations like Accenture, IBM, BHEL, etc.  The table below contains top job roles, recruiters along with their average salary offered to graduates:

Job Designation

Job Description 

Top Recruiters

Average Salary

Data Scientist

Analyses complex datasets to extract insights, build predictive models, and make data-driven decisions for business improvements.

TCS, Accenture, IBM, Oracle, Reliance Jio

INR 9.2LPA

AI Research Scientist

Focuses on advanced research to push the boundaries of artificial intelligence and develops innovative algorithms.

Daten & Wissen, TCS, Fujitsu,Fintech

INR 9 LPA

Operations Analyst

Optimises business processes by analyzing operational data, identifying bottlenecks, and suggesting improvements.

JP Morgan, Accenture, Concentrix, Flipkart

INR 12 LPA

Machine Learning Engineer

Develops and deploys machine learning models and algorithms, often focusing on pattern recognition and automation tasks.



TCS, Accenture, Wipro, Infosys, Capgemini, Tech Mahindra

INR 8 LPA

Statistician

Collects, interprets, and presents data to help organizations make informed decisions based on probability and statistical analysis.

TCS, AIIMS, Cipla, Chegg

INR 6 LPA

Top MBA Data Science Recruiters

Read More: MBA in Data Science Career Scope

Skills to Excel as an MBA in Data Science Graduate

To be successful in their jobs, students pursuing an MBA in Data Science must have a blend of theoretical and practical abilities. The following skills are essential to earn the finest MBA in Data Science.

  • Communication Skills: Effectively convey complex insights to both technical and non-technical stakeholders.
  • Problem-Solving Skills: Analyse intricate business challenges and develop data-driven solutions.
  • Automation Skills: Automate routine tasks using data-driven workflows and tools.
  • Python: Harness the power of Python programming for data manipulation and analysis.
  • SQL: Navigate and query databases to extract valuable information.
  • Network Management: Understand network structures to optimize data flow and analysis.
  • Leadership Ability: Lead teams in implementing data-driven strategies and projects.
  • Time Management: Efficiently balance data analysis tasks with project deadlines and priorities.

MBA in Data Science Fee Structure

FAQs

What is MBA in Data Science?

MBA in Data Science is a two-year post graduate program that studies the elements of data science and its application in business management.

Is MBA Data Science tough?

Yes, MBA in Data Science is tough as candidates are required to study both management and data science subjects.

Which is better MBA in Finance or Data Science?

MBA in Data science is better than MBA in Finance as there are more options for finding jobs with lucrative salaries in the field of data science.

What is the difference between MS in Data Science and MBA in Data Science?

An MS in Data Science offers strong technical and analytical skills for advanced data roles. An MBA in Data Science blends business acumen with data expertise for strategic decision-making.

What jobs are available after the MBA Data Science course?

Graduates can work as Business Analyst, Market Rearch Analyst, Risk Analyst, Data Researcher, etc.

What is the salary for MBA in Data Science?

The average salary of MBA in Data Science graduate is INR 9.20 LPA (Source: Ambition Box).

See Various MBA in Data Science Colleges in India

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