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The Future is AI: Pursuing an MBA in Artificial Intelligence

13 November 2024, 3:34 pm IST

Artificial Intelligence (AI) is a branch of computer science that generates smart machines. It is a technology that refers to the intelligence of machines, especially computer systems to perform tasks generally associated with human intelligence such as critical thinking, making decisions, solving problems, etc. 

In the present scenario, AI has become the basis of many prosperous businesses globally.  It has changed how people interact and use technology to find smart solutions for their challenging business problems. AI is extensively used in almost every sector including education, healthcare, transport, manufacturing, banking, hospitality, entertainment, agriculture, and others. Looking at the widespread and exceptional use of AI in varied fields, it can easily be termed as the ‘future’.

Pursuing an MBA in AI or Artificial Intelligence opens several interesting and incredible doors of career opportunities for graduates to work in India and worldwide. In this post, we discuss the future of AI in India and how an MBA in Artificial Intelligence can transform the way businesses run in the future.  

MBA in Artificial Intelligence: Details

1. Eligibility: To be eligible for an MBA in AI, students need to hold a bachelor’s degree, preferably in Computer Science, from a recognized institution with a minimum of 45% to 55% marks in aggregate. However, bachelor’s in other streams can also apply.

2. Duration: 2 years program

3. Admission: Merit/Entrance Based

4. Entrances: Applicants must apply for university-level entrance exams like the CMAT, CAT, GMAT, etc.

5. Mode of Study: An MBA in Artificial Intelligence can be pursued as a regular campus program as well as an online mode through different accredited institutions.  

Why Choose an MBA in Artificial Intelligence (AI)?

Artificial Intelligence is a promising area that is projected to drive extraordinary growth of US$ 5 billion (approx.) by the year 2027 to boost the Indian economy. The growing presence of AI across fields and industries and its exceptional growth projection signifies the importance of AI in India and worldwide.  

Looking at the magnitude of AI’s influence, an MBA in Artificial intelligence is becoming a sought-after program that has been attracting thousands of aspiring bachelors in India. An MBA in AI is a 2-year postgraduate course that focuses on artificial intelligence and can be pursued by students after their bachelor's or UG program. This postgraduate degree opens doors to excellent job opportunities for candidates in India.

An MBA in AI is a program that emphasizes strategic planning, consulting, finance, and other conventional principles of business management, along with emphasizing the strategic use of AI expertise to equip students with cutting-edge tech skills and hands-on experience.  

Click here to read this blog:- MBA in Human Resource Management

How is an MBA in Artificial Intelligence beneficial?

AI is the latest technology that has been fuelling innovation in India across all its industries and sectors. An MBA in AI combines cutting-edge technology with business fundamentals for students to gain expertise and experience to solve real-world projects. 

Moreover, the application of AI in different industries further boosts the scope of candidates to pursue an excellent career in AI and related fields. Below are some of the sectors that use AI exceptionally and pave the way for MBA in AI graduates to pursue a successful career.    

1. Healthcare Industry:- AI is used in the healthcare sector to boost the medical science industry with ML and AI technologies. AI in Healthcare has proved to be a boon in curing several fatal diseases and making surgeries less painful for patients with the help of AI-enabled tools. 

2. Banking and Finance industry: AI has helped transform the way the banking and finance sector works in India and globally. It has made the day-to-day operations smooth and hassle-free and has affected the investment and the stock market positively.

3. Aviation Industry: Air transport is another industry that has the support of AI and its evolving technologies. AI in aviation helps to plan routes and benefits the industry in various other ways to improve air commutes.

4. Gaming and Entertainment Industry: The virtual gaming and entertainment industry has also benefited significantly from AI. Things like the use of bots and other AI-related activities make AI an integral part of this industry.

5. Education Industry: AI customizes educational content and supports personalizing the learning experiences of students. AI appraises students based on their strengths and weaknesses by using several strategies to assess them. It helps students to learn at their own pace with the help of AI tools.  

MBA in artificial intelligence beneficial

Potential Jobs with Salary After MBA in AI 

An MBA in Artificial Intelligence equips students with different skills which in turn help them gain jobs in different industries in varied positions. Here are some job roles that MBAs in AI can pursue.   

Designation 

Avg. Salary

Salary Range

Business Data Analyst

Rs 10.3 lakhs

Rs 2.8 lakhs to Rs 21.0 lakhs

AI Marketing Manager

Rs 17 lakhs

Rs 14 lakhs to Rs 19 lakhs

Supply Chain Analyst

Rs 6.8 lakhs

Rs 2.5 lakhs to Rs 13.3 lakhs

Data Science Managers

Rs 34.6 lakhs

Rs 16 lakhs to Rs 61 lakhs

Multichannel CRM Manager

Rs 6.1 lakhs

Rs 1.9 lakhs to Rs 15 lakhs

Product Analyst

Rs 13.8 lakhs

Rs 4 lakhs to Rs 22 lakhs

Data Science Consultant

Rs 18.9 lakhs

Rs 4.5 lakhs to Rs 31 lakhs

Top Recruiters Recruiting MBA Graduates in Artificial Intelligence 

  • Google
  • Amazon
  • Microsoft
  • IBM
  • Accenture 
  • Infosys
  • TCS
  • Apple
  • Wipro
  • Deloitte

 

Conclusion

MBA in Artificial Intelligence is a vast field that allows graduates to pursue wide-ranging career options.  Healthcare, finance, e-commerce, and fashion are some of the many industries that use AI for business. All these and more industries require fresh and experienced candidates to work for them and boost their business by using artificial intelligence. 

An MBA in AI can be pursued via different modes. Besides the regular on-campus classes, an online MBA in artificial intelligence can be pursued online. This serves as an excellent option for students who do not have the time to attend regular MBA sessions. If you are looking to pursue an online MBA in AI, Amity University Online is the best option. To learn more, visit the Amity Online portal. 

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Sourabh

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frequently asked questions


What is an MBA in Artificial Intelligence?

+

MBA in Artificial Intelligence is a 2-year specialized PG degree that combines the principles of business management with that of AI technology.


Why should I pursue an MBA in Artificial Intelligence?

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Artificial Intelligence is a promising area of study that is expected to grow magnificently to boost the Indian economy in the coming years. The future of artificial intelligence graduates in India is excellent as AI has its influence in almost every field. Thus, an MBA in AI is an attractive field for students to pursue and build a career in India.


What are the key subjects covered in an MBA in AI program?

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Machine learning, business analytics, strategic management, AI applications in business, and deep learning are some subjects covered in an MBA in AI.


What skills will I gain from this program?

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Various skills like technical, communicational, and professional skills can be learned to help you in your MBA with an AI career.


What career opportunities are available after completing an MBA in AI?

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Data analyst, AI strategist, business intelligence consultant, AI project manager, research scientist, and product manager are some opportunities that MBA in AI graduates can avail of after completing the two-year program.


How long does it typically take to complete an MBA in AI?

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An MBA in AI is a two-year postgraduate program that can be pursued after completing your bachelor's course.


Are there online options available for pursuing an MBA in AI?

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Yes, many renowned colleges and institutions in India offer online MBAs in Artificial Intelligence and Machine Learning. Amity University Online is one such known institution that offers online MBA and other programs in AI and related fields.