Career Options After MBA in Business Analytics: Top Analytics Careers

MBA Business Analytics is a popular specialization that is the process of collecting, combining, sorting, processing, and using statistical models & methodologies for transforming the data and extracting valuable information to make informed business decisions. It helps to solve problems and increase productivity, efficiency, and revenue.

An MBA in Business Analytics combines core business administration principles with advanced analytical skills.MBA in Business Analytics Professionals can earn an average salary ranging from INR 10 to 20 LPA.

The Process under Business Analytics

For MBA business analytics, Businesses tend to plan a lot to implement business analytics. Here is a brief overview of the working of the business analytics process.

Industry Sectors: MBA Business Analytics

Business analytics professionals have a range of industry sectors according to their ability to interpret data, and insights, with strategic decisions and achieve competitive advantages. Here’s a list of various industry sectors where business analytics plays an important role:

Sector	Skills	Role
Finance and Banking	· Financial modelling & Knowledge of financial markets · Risk assessment, Data analysis, and visualization	· Risk, Credit Analyst · Investment, Financial Analyst
Retail and E-commerce	· Consumer Behavior, Marketing Analytics · Inventory &supply chain optimization and Data visualization tools	· Marketing Analyst, Customer Insights and Inventory Analyst
Technology	· Programming (Python, R, SQL), · Machine learning & AI, Data visualization	· Data Scientist, Intelligence Analyst
Healthcare	· Healthcare management, Statistical analysis, and data interpretation	· Healthcare Analyst Consultant · Clinical Data Analyst
Manufacturing	· Operations and supply chain management, Process optimization · Statistical analysis and forecasting and ERP systems	· Operations Analyst · Supply Chain, Quality Control Analyst
Consulting	· Analytical thinking, Business strategy development · Data analysis	· Business, Strategy Consultant and Analytics Consultant
Logistics and Supply Chain	· Logistics and supply chain management, Forecasting, and inventory management	· Logistics Analyst, Demand Forecaster · Supply Chain Planner
Telecommunications	· Network analysis, Data visualization, and reporting · Pricing strategy	· Telecom, Network Optimization Analyst · Customer service Analyst
Energy and Utilities	· Energy regulations and analysis, Sustainability and environmental impact analysis	· Energy, Operations, and Sustainability Analyst
Government and Public Sector	· Policy, Data analysis, and public administration · · Program Management, Communication, and stakeholder	· Policy, Data Analyst · Program Manager

Career Opportunities: MBA Business Analytics

Business analytics deals with making decisions for the future of the organizations. Here are some of the job responsibilities of a business analyst.

Career Path	Role	Skills
Data Analyst	Analyzing data for actionable insights.	SQL Excel, and Data visualization tools
Business Intelligence Analyst	Developing Business improvement strategies	BI tools, SQL, Data warehousing
Data Scientist	Building models to predict future trends	Programming languages (Python, R), Machine learning, Statistical analysis, Data mining
Marketing Analyst	Analyzing market trends	Market research, Marketing tools
Financial Analyst	Analyzing financial data	Financial modelling, financial software
Operations Analyst	Improving operational efficiency	Operations management, logistics
Consultant	Advising companies	Data analysis, Business strategy, Client management
Product Manager	Product development and strategy	Product lifecycle management
Project Manager	Project Managing	Project management, risk management, and scheduling.
Supply Chain Analyst	Analyzing data for supply chain processes and logistics	Supply chain management, logistics, ERP systems
Chief Data Officer (CDO)	Leading the data strategy	Data governance, Data Architecture
Risk Analyst	Analyzing potential risks to the business	Risk assessment, risk management software
Analytics Manager	Managing a team of analysts	Data analysis, business strategy
Customer Insights Analyst	Understanding customer behavior	Customer data analysis, CRM software
Healthcare Analyst	Analyzing healthcare data	Healthcare management and regulations

Average Salary: MBA Business Analytics

Level of Experience	Average Salary (per annum)
Above 5 years	Above Rs. 25,00,000
1 - 3 years	Rs. 8,00,000-16,00,000
0 - 1 year	Rs. 8,00,000

The table below shows a list of MBA Business Analytics with average income in MBA Business Analytics.

Job positions	Average Salary (per annum)
BI Developer	INR 6 LPA
BI Analyst	INR 7 LPA
Business Analyst	INR 7.1 LPA
Data Analyst	INR 4.5 LPA
BI Architect	INR 22 LPA
BI Manager	INR 21 LPA
BI Consultant	INR 9.6 LPA
Data Scientist	INR 8.2 LPA
Project Manager	INR 12 LPA
Market Research	INR 8 LPA
Statistician	INR 10 LPA
Data Mining Expert	INR 7 LPA
Quantitative Analyst	INR 10 LPA

Top recruiters: MBA Business Analytics

Listed below are some of the famous Business Intelligence professionals for MBA Business Analytics Graduates:

Tata consultancy services	USE Ready	Capgemini
Dell Technologies	NTT data	Accenture
Wipro	Visual BI Solutions	Infosys
IBM	HCL Tech	Oracle
Tech Mahindra	SAP	Adobe
HCL	Google	Godrej
Amazon	Motorola	Oberoi

Top 5 Placement Colleges: MBA Business Analytics

The top 5 MBA in Business Analytics Colleges in India are listed below:

Colleges	Average CTC Offered
IIM Bangalore	INR 33.8 LPA
IIM Calcutta	INR 19-20 LPA
Great Lakes Institute of Management	INR 17.8 LPA
IIT Dhanbad	INR 15-20 LPA
KIIT School of Management	INR 7.5 LPA
IIM Kashipur	INR 15.2 LPA

Courses: After MBA in Business Analytics

There are various courses for MBA in Business Analytics, list of a few higher education and certification courses:

PhD	MPhil
Advanced certification Course in Data Science and Machine Learning	Certified Analytics Professional (CAP) Course
SAS Certified Data Scientist Course	IBM Data Science Professional Certification Course

Frequently Asked Questions: (FAQs)

Ques. What are some of the top analytics careers for MBA in Business Analytics graduates?

Ans. The combination of business acumen and analytical skills from your MBA opens doors to exciting opportunities. Here are some in-demand roles:

• Business Intelligence (BI) Analyst: Translate data into actionable insights for business decisions.
• Data Analyst: Clean, analyze, and visualize data to identify trends and patterns.
• Business Analytics Manager: Lead teams of analysts, develop strategies for data utilization, and communicate findings to stakeholders.
• Marketing Analyst: Analyze customer data to inform marketing campaigns and measure their effectiveness.
• Financial Analyst: Use data to evaluate financial performance, make investment recommendations, and manage risk.
• Market Research Analyst: Conduct market research studies using data analysis to understand customer behaviour and industry trends.
• Data Scientist (may require additional experience): Develop and implement complex data models to solve business problems.

Ques. What skills are essential for success in these analytics careers?

Ans. Here are the skills that access for success in this analytics career:

1. Technical Skills: Proficiency in data analysis tools (e.g., SQL, Python), data visualization tools (e.g., Tableau, Power BI), and statistical analysis software (e.g., R, SAS).
2. Business Acumen: Understanding of core business functions like finance, marketing, and operations to translate data insights into actionable recommendations.
3. Communication Skills: The ability to clearly explain complex data findings to both technical and non-technical audiences.
4. Problem-solving skills: Identifying critical business questions, analyzing data to find solutions, and presenting recommendations effectively.

Ques. Is an MBA in Business Analytics enough to become a Data Scientist?

Ans. The depth of technical skills required for Data Scientist roles can vary. An MBA with a strong focus on data science and additional coursework or boot camps in machine learning and programming languages like Python might be sufficient. However, some employers may prefer candidates with a master's degree in information technology or related fields.

Ques. What are the career growth opportunities after an MBA in Business Analytics?

Ans. This field offers excellent career development. You can move into leadership positions such as director of business analytics or chief data officer, or use your business expertise to transition into general management positions such as CEO or COO.

Ques. How can I prepare for a career in Business Analytics after my MBA?

Ans. Here are the instructions you can prepare for a career in Business Analytics after my MBA:

1. Focus on relevant coursework: Choose electives that deepen your knowledge of data analysis tools, statistics, and data visualization.
2. Gain practical experience: Look for internships or projects that allow you to apply your learnings in a real-world setting.
3. Build your portfolio: Showcase your data analysis skills by creating a portfolio of projects demonstrating your capabilities.
4. Network with professionals: Attend industry events, connect with alumni in analytics roles, and build your professional network.