5 Promising Career Options after Business Analytics MBA

‘Big Data’ and ‘Data Analytics’ have become buzzwords in the contemporary business landscape. Enormous volumes of data generation take place every moment. Leveraging this data opens up unlimited possibilities for organisations to create business value. Creating data-driven business strategies is not possible without data and analytics.

With the growth in the data analytics market, the demand for professionals with an MBA in Business Analytics is rising. Business analysis roles encompass several titles, including Management Analyst and Management Consultant. As per research from the US Bureau of Labor Statistics, the employment growth of Management Analysts will be almost 11% from 2021-2031, opening promising career options in the field.

Understanding the Scope of an MBA in Business Analytics

If you want to upgrade your career, a great way is to take up an MBA in Business Analytics course.

The course provides in-depth knowledge of various programming languages and critical development tools, such as:

• Apache Hadoop
• R programming language
• Tableau Software
• Microsoft Excel
• MySQL
• Microsoft Power BI
• Apache Spark

Besides gathering thorough knowledge of these programming languages and development tools, MBA in Business Analytics extends to learning various skills that every Business Analyst must have. These include:

• Creative thinking
• Problem-solving skills
• Effective communication skills
• Data visualization skills

With these skills and knowledge, there are ample opportunities for jobs after MBA in Business Analytics.

What are the Learning Outcomes of an MBA in Business Analytics?

The learning scope of an MBA in Business Analytics is quite expansive. Let us explore some of the most important outcomes of this MBA course:

• Developing high-end marketable skills for managing dynamic data using various data visualization tools and leading statistical methods.
• Leveraging one’s ability to compare and contrast descriptive and predictive analytics.
• Executing the knowledge for setting up a hypothesis test for understanding non-parametric tests.
• Identifying the ways to derive the meaning of Big Data and applying various emerging analytical techniques, technologies and models.
• Gaining expertise in using different software packages and modern statistical tools. These software packages include Python, Tableau, MS Excel, R, Power BI and MySQL.
• Working towards applying Business Analytics to different real-world business contexts.

Promising Career Options and Jobs after an MBA in Business Analytics

Business Analytics helps gain valuable insights into a business from many data sources and aids in driving business planning. Thus, various industries are implementing it globally.

Businesses use query reporting and analysis tools, business analytics software, and the like to stay ahead of the curve. Some industries which use Business Analytics include:

• Healthcare
• Retail
• Banking, Insurance, Financial Services
• Manufacturing
• IT Industry
• Telecom, etc.

Let us now look at the various career options and jobs after MBA in Business Analytics.

Business Analyst

One of the most lucrative job opportunities after completing an MBA in Business Analytics is that of a Business Analyst. Business needs are changing daily, and a Business Analyst's job is to understand these changes.

Analysts can evaluate the impact of these changes, identify and analyze the business needs and finally document the whole process. They also have to facilitate all kinds of communication between the different stakeholders.

Here are some of the essential skills that all business analysts should have:

• Business Intelligence
• Data Mining
• Knowledge of R and Python programming languages
• Knowledge of statistical analysis software like SPSS, R, SAS or STATA
• Database design
• Data visualization
• Database Querying languages and SQL databases
• Query/Survey Software

The average annual salary of a Business Analyst in IT in India is Rs 620,398.

Data Analyst

The job of a Data Analyst includes collecting and evaluating data based on market research, sales numbers, logistics and other details. Data Analysts have the technical expertise to ascertain that the given data is accurate. They then start working on the data and process it as per business needs. Data presentation is also crucial as it helps communicate and make intelligent business decisions.

The regular job of a Data Analyst with a degree in MBA in Business Analytics varies from one organization to the other depending upon the industry or the specialty. For determining and achieving organizational goals, Data Analysts often need to communicate with IT teams, the management and even with Data Scientists.

Let us take a look at some skills which make a successful Data Analyst:

• Data visualization
• Programming languages like SAS or R
• Data Mining, Cleaning and Managing
• Database Query languages
• Machine Learning
• Analytical and creative thinking
• Advanced MS Excel
• Good communication skills

A Data Analyst's average annual salary in India is approximately Rs 478,442.

Big Data Analyst

One of the most coveted jobs after an MBA in Business Analytics is that of a Big Data Analyst. These professionals study the market through data collection, identification, communication, and analysis. They play a pivotal role in guiding business decisions.

These analysts have the credibility to work with hidden trends, unknown data and different kinds of patterns. Big Data Analysts use various tools, including Hadoop, Apache Spark, Hive, and MapReduce.

The skills that make a successful Big Data Analyst are as follows:

• Critical thinking ability in the toughest of situations
• Problem-solving skills
• Creative reasoning

They also need some technical skills like:

• Data Mining
• Auditing
• Programming languages
• Data interpretation
• Quantitative skills

A Big Data Analyst gets an average annual salary of approximately Rs 740,000 in India.

Business Analytics Specialist

The job scope of an MBA in Business Analytics candidate is extensive. The professional is responsible for performing thorough research to understand business issues, assisting the testing and development of various test script activities, supporting myriad developmental initiatives of an organization, and developing practical and suitable cost-effective solutions for various problems.

As a demanding professional role, a Business Analytics Specialist ensures effective and efficient implementation and integration of a system by promoting Data Analytics awareness.

To become a successful Business Analytics Specialist, a professional must have the following:

• Strong skills in project management
• High skill levels with various data extraction, warehousing and manipulation tools like Hadoop, SAS and SQL
• Proven experience in Data Mining and Data Analytics
• Analytical and problem-solving skills
• Multitasking skills
• Strong presentation and communication skills

On average, a Business Analytics Specialist earns approximately Rs 819,486 yearly.

Predictive Modeller

A relatively new and sought-after job role after an MBA in Business Analytics scope is that of a Predictive Modeller. A Predictive Modeller works on large datasets and draws context from the same. Organizations use this data to understand customers, competitors and various products and services of the business.

Predictive Modellers are responsible for cleaning and organizing the data to derive valuable insights for the business. Identifying repetitive patterns in data helps in planning business strategies better for higher sales value. With data visualization, Predictive Modellers present their findings to all stakeholders.

Here are some essential skills that make a successful Predictive Modeller:

• Knowledge of Programming languages like Python and R
• Knowledge of Database programs like SQL
• Strong data analytical skills
• A solid grounding in statistics
• Great interpersonal skills
• Strong communication skills
• Understanding of business and its various facets

The average annual salary of a Predictive Modeller in India is approximately Rs 480,000.

What to Expect from an MBA in Business Analytics course?

Planning to take up an MBA in Business Analytics course? Here’s what to look out for:

• Global education from world-class faculty and industry leaders.
• Hands-on experience through case studies, real-world projects, and capstone analytics projects.
• Career support and job fairs.
• Student hand-holding and support.
• Robust LMS for optimum learning outcomes.
• Personalized learning.

Conclusion

The demand for Business Analytics professionals will keep on increasing in the future. The majority of companies and businesses will implement business and data analytics to leverage benefits from the vast data volumes. Professionals with an MBA in Business Analytics degree have a bright future with ample job opportunities in different sectors. Jobs after MBA in Business Analytics come with lucrative pay packages and added benefits.

Amity University Online offers a course in MBA with specialization in Business Analytics, a 2-year course for budding analytics professionals. Contact Amity University Online for more details on the MBA in Business Analytics course today!