Business Analytics is used by Companies to data-driven decision-making. Simply it’s a study of data through statistical and operations analysis, the formation of predictive models, applications used for optimizing techniques, etc. This branch of management involves exploration and analysis of present data to gain insight into the planning and execution of future business strategy and goals. Business Analytics helps in optimizing operations, increasing revenue by saving on operational cost, improve better customer relations, and predict future trends in the market thereby enabling accurate strategic decisions and business plans.
MBA in Business Analytics offers training and knowledge to develop skills for making business plans and strategies of the future based on accurate analysis of the available data.
Top Colleges
- Indian Institute of Management, Calcutta
- Indian Institute of Management, Lucknow
- Symbiosis Institute of Management, Pune
- Institute of Engineering and Management, Kolkata
- Parul University, Vadodara
- Indian Institute of Management, Indore
- Indian Institute of Technology, Kharagpur
- Balaji Institute of Modern Management, Pune
- National Institute of Technology, Tiruchirappalli
- Pondicherry University, Puducherry
Highlights
Course Level |
Postgraduation |
---|---|
Duration |
2 years |
Examination Type |
Semester System |
Eligibility |
Bachelors' or Masters' from any recognized institution with 50% minimum aggregate score |
Admission Process |
Merit- based/ Entrance Test |
Courses and Eligibility
Course |
Duration |
Eligibility |
Entrance |
---|---|---|---|
MBA | 2 years | Completed Bachelor’s degree or Master’s degree from any recognized university with minimum 50% aggregate. | CAT, MAT, GMAT, XAT, CMAT, SNAP, etc. |
Top Recruiters
- Accenture
- Hewlett Packard
- IBM
- Cognizant
- Tata Consultancy Services
- American Express
- Amazon
- Dell
- Eureka Forbes
- Flipkart
- Future Generali
- Genpact
- GODREJ
- HCL
- IGATE
- IndusInd Bank
- Info Edge (India) Ltd
- ITC
- ITCInfotech
- JSW Steel
- Le-Meridian
- Motorola
- Newgen
- Oberoi
- Radisson
- RBS (Royal Bank of Scotland)
- Verizon
Admission Process
The admission of the student in the MBA Business Analytics course is strictly done on the basis of marks obtained by them in graduation. Preference will be given to the students who have cleared CAT/ MAT/ XAT/ GMAT entrance exam. The admission process varies across colleges.
Syllabus
Semester I
- Quantitative Methods
- Managerial Economics
- Management Information Systems
- Financial Accounting
- Marketing Management
- Organizational Behaviour
- Statistical Analysis
- Data Modeling
Semester II
- Financial Management
- Operations Management
- Human Resource Management
- Financial Analytics
- Optimization Analytics
- Stochastic Modeling
- Business Intelligence
- Research Methods
- Computational Methods
- Managerial Communication
- Predictive Analytics
- Risk Management
- Marketing Analysis
- Data Mining
- Simulation Modeling
- Analytics Systems Analysis & Design
- Industry Internship Program
- Strategic Management
- Operations and Supply Chain Analytics
- HR Analytics
- Big Data Analytics
- Ethical and Legal Aspects of Analytics
- Project Management
- Professional Development
- Elective Paper
- Analytics Capstone Project
Skills Required
- Excellent Communication Skills
- Inquisitive Minds
- Problem Solving Abilities
- Critical Thinking Abilities
- Visualization
- Detail Oriented
- Ability to concentrate on the big picture
Career and Job Prospects
Job profile |
Job description |
Average salary in INR |
---|---|---|
Business Analyst | Business Analyst is responsible to analyze and improve the functioning and activities of business organizations to reduce the operating cost and maximize the output. | 8.6 lakhs |
Quantitative Analyst | The quantitative analyst helps to identify profitable investment opportunities and manage risk | 7 lakhs |
Data Analyst | They help in importing, cleaning, converting, and analyzing the data for the purpose of find insights and make decisions | 6.2 lakhs |
Business Intelligence Expert | Business Intelligence experts are responsible for design, development, implementation, management and support mission. | 5.4 lakhs |
FAQs
Q: What is the future scope of MBA Business Analytics in India?
A: As per a recent survey, the CAGR (Compounded Annual Growth Rate) of jobs in the emerging fields like Business Analytics, ML (Machine learning), AI (Artificial Intelligence) and BlockChain is 40%. India is going to be the biggest supplier of such resources and manpower to the world soon and this will generate a large number of opportunities.
Q: What can we learn before going for an MBA in Business Analytics?
A: You can simply introduce yourself to some of the important concepts of statistics like sigma, sample, sampling techniques, mean, median, mode, normal curves, graphs, R, etc.
Q: Which college is best for doing MBA Business Analytics in India?
A: There are many top colleges that offer an MBA in Business Analytics like IIMs, XLRI, FMSMDI, IIFT, UPES, etc.
Q: Does an MBA Business Analytics require command over programming languages like Java or PHP?
A: Programming Languages are not required unless you are getting into analytical product development However, you will mostly have to learn to code in SAS, R, Python, SQL, etc. for data processing. Again, if you are joining in a managerial role, you can get away with basic familiarity with these programming languages. But, if you really want to learn the skills of the trade, you will need to learn these in greater detail.
Q: What are career prospects after MBA Business Analytics?
A: Successful postgraduates can secure jobs as Business Analyst, Business Analyst Industry Expert, Business Analyst Project Manager, Data Analyst, Big Data Analyst, Data Warehousing Expert, Business Intelligence Expert, and Data Mining Expert, etc.
Industries such as Financial Services, Retail, Manufacturing, Healthcare, Oil and Gas, Social Media, Gaming, will also offer employment to candidates.
Some of the well-known employers are Accenture, HP, IBM, Cognizant, Tata Consultancy Services, American Express, and so on.
Q: What are the top entrances for getting admission into MBA Business Analytics?
A: Below are some entrance exams conducted for the admission in the course:
- CAT
- MAT
- GMAT
- XAT
- CMAT