An MBA in Business Analytics, also known as a Master of Business Administration in Business Analytics, is a two-year postgraduate program designed for students who want to develop expertise in using data to make business decisions. To qualify for this program, you typically need a bachelor's degree from an accredited university with a minimum GPA of 50% (or equivalent CGPA).
An MBA in Business Analytics opens doors to various career paths. Graduates can pursue roles like Data Analyst, Statistician, Data Scientist, Predictive Modeler, and Quantitative Analyst. These positions offer competitive salaries, typically ranging from INR 10 LPA to INR 18 LPA. Leading companies like HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP, and Indusind Bank are known to recruit MBA in Business Analytics graduates.
Data from day-to-day operations is a primary source of information for a company. Analysis of this data provides valuable insights and serves as a crucial decision-making tool.
With the demand for data analysis rising, an MBA in Business Analytics is a gateway to a lucrative career path. Graduates with a master’s degree in business analytics can expect a base salary of Rs 876,000 per year.
Read on to learn more about an MBA in Business Analytics
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| Particular | Details |
| Course Name | MBA in Business Analytics |
| Duration | 2 years |
| Course Fees | 1,95,000 |
| Top Recruiting Companies | HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP and Indusind Bank |
| Average Salary | INR 09 LPA – 18 LPA |
| Job Positions | Data Scientist, Statistician, Predictive Modeller, Quantitative Analyst, Project Manager and Market Research Analyst |
In essence, an MBA in business analytics is harnessing data analysis and statistics to make smarter business choices and boost overall success. It's all about collecting, processing, and understanding data to uncover trends, patterns, and valuable insights. These insights are then used to streamline operations, refine strategies, and propel growth.
Business analysts are the key players in this field. They act as a bridge, connecting business goals with data-driven solutions. Their typical duties involve:
Collecting and interpreting data from various sources.
Analyzing data to unearth trends and patterns.
Crafting reports and visualizations to communicate their findings effectively.
Developing recommendations and actionable insights.
Working alongside stakeholders to implement data-driven solutions.
Tracking and evaluating the effectiveness of implemented strategies.
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Why an MBA In Business Analytics?
The data explosion in companies and government organizations has fueled a surge in high-paying careers for business analysts. The ability to decipher massive datasets is a highly sought-after skill, and professionals with this expertise are handsomely rewarded.
Why Business Analyst careers are booming:
High Demand: Businesses across industries are drowning in data, creating a critical need for analysts to extract valuable insights. After Graduation MBA in Business Analytics is the best choice to pursue.
Strategic Impact: Business analysts directly influence an organization's strategic choices, making them crucial for gaining a competitive edge and streamlining operations.
Industry Versatility: From finance and marketing to healthcare, retail, and technology, business analysts can find opportunities in a wide range of sectors.
Continuous Growth: As technology advances, the demand for professionals who can interpret and utilize data for innovation will keep rising.
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Traditional MBA vs MBA in Business Analytics
An MBA (Master of Business Administration) provides graduates with advanced management, accounting, and leadership skills.
MBA graduates go on to become managers, advisors, and consultants. They are responsible for making intuitive decisions and understanding the relationship between business and the economy.
The scope of an MBA programme includes:
Economics
Statistics
Accounting
Marketing
Financial and Resource Management
Ethics
Leadership
An MBA in Business Analytics differs from a traditional MBA in one aspect. Apart from the above mentioned business skills, it teaches graduates more technological and analytical aspects of a business. It allows them to draw better insights from data and fosters data-driven strategic planning.
A master’s degree in business analytics equips an individual with skills like:
Business intelligence (BI)
Business Analytics
Big data analytics
Forecasting
Data interpretation
Careers after MBA in Business Analytics
Specialising in business analytics opens opportunities in a wide range of sectors. After pursuing an MBA in Business Analytics, one can opt for analytical, technical, or management roles.
1. Analytical Roles
These jobs require knowledge of MySQL, Power BI and other programmes used in traditional analytics. Roles like business analyst, data analyst, market research analyst and risk analyst come under this heading.
2. Technical Roles
Positions in the data science sector are more technical. They require knowledge of programming languages, machine learning, and artificial intelligence. Roles like Data Scientist, Data Engineer, and Machine Learning Engineer fall within technical roles.
3. Management Roles
Specialising in business analytics also makes an MBA graduate eligible for leadership and managerial positions. These include Data Science Manager, Product Manager, Operations Manager, and Analytics Manager, among others.
Cracking the MBA Business Analytics Admissions Code: A Step-by-Step Guide
So you've set your sights on an MBA in Business Analytics? Here's a roadmap to navigate the admissions process at top universities like IIMC, IIMB, and NIT Trichy.
Step 1: Entrance Exam
The first hurdle is an entrance exam. These universities rely on various exams, so check each program's requirements. Popular options include CAT, MAT, CMAT, and GMAT. Make sure to register for the exam(s) your target schools accept.
Step 2: Exam Day
Put your preparation to the test! Ace the entrance exam to qualify for the next stage.
Step 3: Shortlisting
Based on your exam scores, universities shortlist candidates who meet their cut-off criteria. You'll need to score high enough to move on.
Step 4: Group Discussions & Interviews (WAT Optional)
Beyond the exam, shortlisted candidates might face group discussions (GDs), interviews, or a Written Ability Test (WAT). These assess your communication, analytical, and problem-solving skills.
Step 5: Secure Your Seat
Congratulations on making it through! After successfully completing the entire admissions process, you can enroll in your chosen program. Remember, enrollment involves verification of your original academic and personal documents.
Eligibility Requirements:
To be eligible for an MBA in Business Analytics, you'll typically need:
A Bachelor's degree from a recognized university with a minimum aggregate score of 50% (or 45% for SC/ST candidates).
Some universities may allow applications from final-year students awaiting results.
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Business analytics is an integral part of business operations and decision-making today. Are you looking for a business analytics online course? Amity University Online brings you an MBA with a specialisation in Business Analytics. Get certified by Harvard Business School Online and start your career in business analytics today!
