MBA Business Analytics

MBA Business Analytics

MBA Business Analytics: Course Details, Colleges, Admission, Eligibility, Syllabus, Top Colleges, Fees, Career, Jobs, Placement, Recruiters, Scope

What is MBA in Business Analytics?

MBA Business Analytics, also known as Master of Business Administration Business Analytics, is an esteemed post-graduate program that can be completed within 2 years. To embark on this exciting journey, aspiring candidates must hold a bachelor’s degree from a recognized university with a minimum of 50% aggregate. This program opens up a world of opportunities, enabling graduates to pursue careers as data analysts, project managers, statisticians, predictive modelers, and more.

Reputed institutions like IIMB, IIMC, NIMS, and others offer admission to the MBA Business Analytics program through rigorous entrance exams. The journey begins with students appearing for these entrance exams, and those who meet the cut-off criteria proceed further with the selection process. While different institutes may have their specific entrance exams, CAT (Common Admission Test) is widely accepted across various colleges. Other notable management entrance exams include MAT, XAT, GMAT, and CMAT, among others.

Upon completing the course, students can pursue various job roles such as Data Scientist, Statistician, Predictive Modeler, and Quantitative Analyst, among others. Professionals in this field can earn an average salary ranging from INR 8 to 16 LPA. Renowned companies like HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP, and IndusInd Bank are some of the top employers in this domain.

Additionally, there are several short-term programs available, like SP Jain's Executive Program in Business Analytics & Data Science, providing candidates with specialized skills over a duration of 9 months. MBA in Business Analytics opens doors to exciting career opportunities in the data-driven business world.

Highlights - MBA Business Analytics Course Details 

The major highlights of the MBA Business Analytics course are tabulated in the following:

Why Study MBA Business Analytics? 

Some of the major benefits of pursuing an MBA Business Analytics course are given in the following: 

(i). MBA Business Analytics course is one of the most sought-after courses in India offering prospective career and job opportunities. Graduates can obtain job opportunities in wide sectors, such as banking, IT companies, Insurance Companies, Data Management Services, MNCs, Insurance Departments, Media Houses, etc.  
(ii).  The course offers a basic understanding of various aspects related to data and insurance concepts and it will help the students to get a big exposure to Worldwide financial competitions. 
(iii). The curriculum of MBA Business includes Analytics Business Visualization and Decision Making Systems, and Marketing Analytics.
(iv). The students may have potential job roles like Business Analyst, Business Analytics Consultant, Risk Analyst, and Healthcare Data Analyst among others. 
(v). Besides these, they can also establish their career as a professor or lecturer in reputed colleges or institutes.
(vi). Some of the top-most MBA Banking and Insurance recruiting companies in India are Cognizant Technology Solutions (CTS), Wipro Technologies, HCL Technologies, Mahindra Satyam, Deloitte, PayPal, Dell, Infosys, and many more.
(vii).  The MBA Business Analytics graduates’ packages may range from INR 4,00,000 to 20,00,000 per annum. Depending on the student's skills, knowledge, and expertise in the related field of study and job positions this salary package may increase. Some of the major benefits of pursuing an MBA Business Analytics course are given in the following: 

MBA Business Analytics Admission Process

The admissions process for most MBA Business Analytics programs, like other courses, is based on entrance exams. The exams required by the colleges may differ but the level of the exam remains more or less the same.

Let us look at the crucial steps in this process.

(I). Apply for entrance exams as per the college’s requirements.
(ii). Take the entrance test
(iii). Upon clearing the written exam, be prepared for Group Discussion and Personal Interview rounds.
(iv). After completing all shifts, enroll in the college of your choice.

Most major universities, such as IIMC, IIMB, NIT Trichy, and others, offer admission tests as part of the admission procedure. Depending on the university, different exams are approved. CAT, MAT, CMAT, and GMAT are some of the most common entrance tests.

Types of Business Analytics

The MBA in Business Analytics course is based on statistical and technical methods. It focuses on strategic decision-making by analyzing the data. Hence, it is divided into three types:

(1). Descriptive Analytics

It analyses the historical data using data mining and data aggregation techniques. This helps to understand the patterns and uncover them and display them in pie charts, line charts, or graphs. The best example to explain is the annual reports of companies, where the past trends are analyzed to conclude a report and not futuristic.

(2). Predictive Analytics

The Predictive Analytics in MBA in Business Analytics is more advanced. It also uses data mining methods to assess and predict future trends. It helps the company to build opportunities to grow and scope in the upcoming future.

(3). Prescriptive Analytics

Meanwhile, prescriptive analytics shows the company's realistic data. It portrays the data in raw form to know what is best for the business.

Candidates while choosing to pursue MBA in Business Analytics subject will have to choose a path that they are most confident about. It will also help them to choose a position or profile for jobs after MBA in Business Analytics course.

Types of MBA Business Analytics Course

There are different types of MBA Business Analytics courses that cater to various preferences and needs of students and professionals. Some common types include:

1. Part-Time MBA in Business Analytics: This program is designed for working professionals who wish to pursue an MBA in business analytics while continuing with their current job. It typically offers flexible class schedules, allowing students to attend classes in the evenings or weekends.

2. Distance MBA in Business Analytics: This option provides the flexibility of studying from a remote location. Course materials and lectures are delivered through online platforms, and students can access study materials at their convenience. This format is ideal for those who cannot attend physical classes regularly.

3. Online MBA in Business Analytics: Similar to distance MBA, the online format allows students to study remotely. However, it is more digitally focused, with live or recorded online classes, interactive discussions, and virtual collaboration tools. This option suits individuals seeking a fully digital learning experience.

MBA Business Analytics Eligibility Criteria

A candidate willing to apply for an MBA in Business Analytics must have an aptitude for technology, a talent for strategy, and an analytical mind. Anyone interested in decision-making and driving is also well suited for this course.

Let us look at the other eligibility criteria:

(i). Bachelor’s degree from a recognized university with a 50% aggregate score.
(ii). Students who have taken the final exam but are awaiting the results can also apply.

MBA Business Analytics Entrance Exam

All MBA aspirants have to clear the entrance exams. The rest of the selection process depends on whether the student has secured the cut-off in the entrance test. These entrance exams vary from institute to institute.

Let us look at a list of the entrance exams:

Required Skills for MBA Business Analytics

Candidates who wish to pursue an MBA degree in business analytics are required to inherit a diverse set of skills that can help them become successful in the field of business. If candidates aim to get admission to top MBA colleges in India then they must be proficient in verbal and written communication, quantitative reasoning, and data interpretation. The admission process for management is conducted in a way that tests the overall candidature of a student.

MBA Business Analytics Fee in India

There are more than 6,000 business schools for MBAs in Data Analytics in India. The fee structure varies from one institution to another. MBA in Business Analytics is a 2-year course. The average MBA in Business Analytics fee structure is INR 3 LPA to INR 27 LPA. MBA in Business Analytics fees for a few colleges for 2 years are listed below:

MBA Business Analytics Selection Criteria

Once the students receive the standard entrance exam cut-off scores, they will be called for a counseling session. The allocation of final places is based on the total weight assured in the entrance examination, personal interview/group discussion, and academic performance. If graduates have any work experience that may enhance their scores.

Course Comparison

MBA Business Analytics v/s MBA Finance

The findings of a comparison of MBA Business Analytics v/s MBA Finance on the following essential parameters are shown in the table below:

MBA Business Analytics

Other Top MBA Specializations

The MBA program aims to give students experience in a range of industries. It is typically divided into two sections, the first of which concentrates on specialization and the second of which concentrates on general management or business administration. Students often have the option of choosing between core and elective programs in their first and second years.

Recommended Books

Listed below are some of the most popular recommended books for MBA Business Analytics course study that help students to gain a broader understanding:

Top MBA Business Analytics Colleges

MBA in Business Analytics subject is quite popular in India. Multiple private and government colleges in India offer this subject. Candidates may take admitted to any of their desired Private MBA in Business Analytics colleges or Government MBA in Business Analytics colleges in India. The placements and ROI records of these colleges are almost 100%. Also, they follow the MBA in Business Analytics syllabus for the curriculum, still, candidates may check out the MBA in Business Analytics syllabus of the particular college in concern on their official website online. Although the admission process may differ from college to college.

The table provided below contains some well-known MBA in Business Analytics colleges in India and their MBA in Business Analytics Course Fees.

Top MBA Business Analytics Colleges in India

Indian government colleges offering business analytics courses have since then been the first choice of students. Most colleges offer great internships, industry exposure, internships, and higher education. Private business analytics colleges in India are very popular as they provide excellent industrial exposure and education.

Top Government and Private MBA Business Analytics Colleges 

Candidates can find the list of top government & private business analytics colleges in India mentioned in the table below:

Top 10 NIRF Ranking

The top 10 MBA in Business Analytics Colleges in India as per NIRF ranking are listed below:

MBA Business Analytics Job and placements

Considering analysis as the basic element, the job revolves around the interpretations of data, summarizing it, and creating the result for comparison. Every company makes three core goals for their organization- cost optimization and cost reduction, optimum customer satisfaction, and maximizing profits. If the financial leverage is properly accumulated the Business Analyst not only helps to make these plans but also makes it possible to achieve the objective benchmark for the process.

MBA Business Analytics Top Recruiters

MBA in Business Analytics graduates are hired by some of the industry’s biggest companies. Candidates are either placed straight from their college or university, or they may apply directly for the position. The hiring process ranges from one organization to the next. Nonetheless, most organizations undertake personal interviews and examine the candidates’ qualifications. Salary packages ranging from INR 8-16 LPA are offered on average to candidates. It may, however, be higher depending on the organization and the candidates’ ability. 

Here are a few of the most well-known recruiter companies:

Salary of an MBA in Business Analyst

The stakes after completion of the course are high. A list given below is mentioned salary packages according to their experience:

MBA Business Analytics Job and Average Salary in India

The table below shows a list of MBA Business Analytics jobs available, as well as the average income given in MBA Business Analytics.

MBA Business Analytics Scope

The scope of MBA in business analytics, in the business world is always growing. It requires a new approach and new innovations. The MBA in Business Analytics is a course that majorly revolves around data and analysis. In the growing business world in India, this has great potential and scope. Many prominent leaders are required in the business world to take to new heights in the industry.

Career Options after MBA in Business Analytics

MBA students have many opportunities in the career job market. When a graduate has completed an MBA in Business Analytics course, their demand in top companies is very high. When MBA in Business Analytics graduates experiences their career value, they can reward with leading positions in companies. Graduates in this course get placed in many sections like finance, education, banking, airports, transport, hospitality, government, healthcare, and much more. Job roles for MBA in Business Analytics India:

MBA Business Analytics Scope for Higher Education

MBA in Business Analytics has higher study options and plenty of certification courses. Students may do their second MBA (any other specialization) or Executive MBA. Students can pursue Ph.D. in Management. Many organizations have their own Research and Development team where professionals can work and pursue their higher studies by researching Business Analytics and healthy development. List of courses, aspirants can do after an MBA in Business Analytics:

Skills that Make Students the Best MBA in Business Analytics

The skills required for aspiring resumes, make them better Business analysts. Learning new technologies like big data, Hadoop, and cloud courses, is very important. Below are the skills you need to acquire to start your career as a Business analyst:

FAQs

(1). What is an MBA in Business Analytics?

Ans. Business Analytics is a course that revolves around big data and analyzing the data to produce actionable insights. MBA in Business Analytics helps the candidates in upskilling themselves with the current business world demands and needs.

(2). Is MBA in business analytics easy?

Ans. A Master’s degree program involves specialized learning. In this case, students get to learn about the advanced aspects of data mining and interpretation. Anyone with a flair for analysis and numbers will find the course interesting.

(3). What is the duration of the MBA in Business Analytics course?

Ans. The MBA in Business Analytics course is a two-year program.

(4). Is MBA in business analytics worth it?

Ans. This degree adds value to your resume and paves the way to build a stable corporate career. It also helps you have a successful professional journey and a smooth run in the industry.

(5). Who should do an MBA in business analytics?

Ans. Students with a flair for analysis and an interest in numbers can pursue this program. Apart from graduates, this course can immensely benefit working professionals looking for a change in career or upskilling opportunities.

(6). Is MBA in Business Analytics course in demand?

Ans. Indeed, MBA in Business Analytics has gained popularity. Most leading companies in India hire candidates who have pursued an MBA in Business Analytics course from some of the best B-schools.

(7). What are the average fees for the business analytics course?

Ans. Rs. 10 Lakh to Rs. 15 Lakh is the average fee for the business analytics course.

(8). What is the scope of a business analytics course?

Ans. Business analytics is a course with huge scope since every business field requires a set of analysts to run data checks and prepare reports.

(9). What are the top recruiters for business analytics graduates?

Ans. TCS, JP Morgan Chase, Co, WNS Global Services, and Accenture are some of the top recruiters for business analytics graduates.

(10). What are the top entrance exams for PG courses in business analytics?

Ans. CAT, XAT, GMAT, SNAP, NMAT, and CMAT are the top entrance exams for PG courses in business analytics.

(11). What are the average fees for the business analytics course?

Ans. Rs. 10 Lakh to Rs. 15 Lakh is the average fee for the business analytics course.

(12). What are the eligibility criteria for PG courses in business analytics?

Ans. Candidates aspiring to pursue a PG course in business analytics must complete their undergraduate degree from a recognized Indian university with any specialization.

(13). Can I get direct admission to the MBA Business Analytics program?

Ans. It depends on colleges as Some colleges and institutes accept admissions without any entrance exams i.e. based on the candidate's merit in the qualifying examination. 

(14). How to prepare for the entrance examination of the MBA Business Analytics course?

Ans. The entrance exam for the MBA Business Analytics course is not very tough. A person with any background will find it easier to crack. Moreover, the key idea for the students is to study smartly and practice aptitude-based questions for getting through the entrance examination with shining colors.

(15). Which is better an MBA or MS in Business Analytics?

Ans. An MBA in Business Analytics can open up more doors in the future, whilst an MS in Business Analytics will help you land jobs in the data science field.