Business Analytics; Top Colleges, Admission Process, Syllabus

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.

Highlights

Course LevelPostgraduation
Duration2 years
Examination TypeSemester System
EligibilityBachelors' or Masters' from any recognized institution with 50% minimum aggregate score
Admission ProcessMerit- based/ Entrance Test


Courses and Eligibility 

CourseDurationEligibilityEntrance
MBA2 yearsCompleted Bachelor’s degree or Master’s degree from any recognized university with minimum 50% aggregate.
CAT, MAT, GMAT, XAT, CMAT, SNAP, etc.


Top Recruiters


1. Accenture

2. Hewlett Packard

3. IBM

4. Cognizant

5. Tata Consultancy Services

6. American Express

7. Amazon

8. Dell

9. Eureka Forbes

10. Flipkart

11. Future Generali

12. Genpact

13. GODREJ

14. Google

15. HCL

16. IGATE

17. IndusInd Bank

18. Info Edge (India) Ltd

19. ITC

20. ITCInfotech

21. JSW Steel

22. Le Meridian

23. Motorola

24. Newgen

25. Oberoi

26. Radisson

27. RBS (Royal Bank of Scotland)

28. 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
Semester III
Predictive Analytics
Risk Management
Marketing Analysis
Data Mining
Simulation Modeling
Analytics Systems Analysis & Design
Industry Internship Program
Semester IV
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

1. Excellent Communication Skills

2. Inquisitive Minds

3. Problem Solving Abilities

4. Critical Thinking Abilities

5. Visualization

6. Detail Oriented

7. Ability to concentrate on big picture


Top Entrances

1. CAT

2. MAT

3. XAT

4. GMAT

5. CMAT

6. SNAP


Career and Job Prospects

Job profileJob descriptionAverage salary in INR
Business AnalystBusiness 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 AnalystThe quantitative analyst helps to identify profitable investment opportunities and manage risk
7 lakhs
Data AnalystThey help in importing, cleaning, converting, and analyzing the data for the purpose of find insights and make decisions
6.2 lakhs
Business Intelligence ExpertBusiness 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 


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