Businesses across the globe are grappling with an unprecedented amount of data that is being generated every second. In the age of digitalization, the ability to harness this data and derive meaningful insights from it can be the key to success. This is where an MBA in Business Analytics can be a game-changer for professionals who aspire to unlock the potential of data-driven decision-making.
What is an MBA in Business Analytics?
An MBA in Business Analytics is a specialized program that focuses on teaching students the skills and techniques required to analyze and interpret large amounts of data to make informed business decisions. The program combines the core principles of business management with the latest tools and technologies in data analytics.
The curriculum of an MBA in Business Analytics program typically includes courses such as data mining, statistical analysis, predictive modeling, machine learning, data visualization, and business intelligence. Students also gain hands-on experience working with industry-standard software tools such as Python, R, and Tableau.
Know More About- MBA Specializations
MBA in Aviation | MBA in Banking and Finance | MBA In Biotechnology | MBA In Digital Marketing |
MBA In Business Management | MBA In Data Science | MBA In Entrepreneurship | MBA In Event Management |
MBA In Hospital Management | MBA In HR | MBA In International Business | MBA In IT |
MBA In Operations Management | MBA In Project Management | MBA In Supply Chain Management | ---- |
MBA Business AnalyticsCourse Details
Some of the major highlights of the course are as follows.
Course Level | Post Graduate |
Full- form | Master of Business Administration in Business Analytics |
Duration | 2 years |
Examination | Semester- based |
Eligibility | Graduation with minimum 50% from a recognized university. |
Admission Process | Entrance-based |
Course Fee | INR 5- 15 LPA |
Average Salary | INR 8- 16 LPA |
Top Recruiting Companies | HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP, Indusind Bank, etc |
Job Positions | Data Scientist, Statistician, Predictive Modeller, Quantitative Analyst, Project Manager, Market Research Analyst, etc |
Why Pursue an MBA in Business Analytics?
High Demand for Business Analytics Professionals
The demand for professionals with business analytics skills is on the rise, and this trend is expected to continue in the coming years. According to a report by the World Economic Forum, data analysts and scientists are among the top emerging jobs in the world. An MBA in Business Analytics can help professionals capitalize on this trend and take advantage of the growing demand for skilled data professionals.
MBA Business Analytics Entrance Exams
It is essential to give an entrance exam to gain admission into MBA Business Analytics and make the cut off selected by the university or college.
Students should check which entrance tests are accepted by the college they wish to apply to and give those.
Some of the other MBA Business Analytics Entrance Exams are:
- CAT 2023: It is the Common Aptitude Test which is conducted online. It is accepted by most Business Colleges including IITs, IIMs among others.
- MAT 2023: The Management Aptitude Test is conducted 4 times a year. It can be given in both online and offline modes. Some of the colleges accepting it are NSHM Knowledge Campus, PIET etc.
- NMAT 2023:NMAT is conducted by the Graduate Management Aptitude Council. It is an online exam taken over a 75-day period from October to December.
- CMAT 2023:The Common Management Admission Test is a 3 hour online-based exam conducted by The National Testing Agency. It is accepted by colleges such as Great Lakes Institute, IIMR Indore etc.
- XAT 2023:It is conducted byXLRI Jamshedpuron behalf of XAMI for more than 60 years now. It is a national level aptitude test
Entrance Exam | Registration Date | Exam Dates |
ATMA | 1stweek of June 2023 | July 23, 2023 |
CAT | August 3, 2023 | November 26, 2023 |
CMAT | February 13, 2023 | To be Announced |
GMAT | To be Announced | To be Announced |
NMAT | September 2023 | November 2023 |
SNAP | 2nd week of August 2023 | 2nd week of December 2023 |
XAT | To be Announced | To be Announced |
How to Prepare for MBA Business Analytics Entrance Exams?
The sections from which the questions are made in the management entrances are as follows:
- Verbal Reasoning and Reading Comprehension
- Logical Reasoning and Data Interpretation
- Quantitative Aptitude/Reasoning
In order to clear tough entrances like CAT, MAT, XAT,NMAT, here are a few preparation tips for you-
- Identify the entrance exam you want to apply for and note all the syllabus down.
- Start preparing as soon as possible for better results. Do not wait till the end to cover the syllabus.
- Give as many mock tests as you can to get a better understanding of the entrance exam paper and the pattern it follows.
- Highlight the weak and strong areas. Focus more on the weaker areas, so as to not lose marks while attempting them.
- If the exam is near, leave out the untouched syllabus and focus on strengthening all that you already know.
- Follow a proper time-table in order to be on the track.
How to get admission in a good MBA Business Analytics college?
Following are the tips to for you to secure an admission into a good MBA Business Analytics college in India:
- Make sure to have secured a good percentage in the bachelor's degree.
- Prepare for the syllabus that is marked up for the exams. Take the help of recommended books, previous papers and mock tests.
- Try hard to crack the entrances with the needed cutt-offs.
- Even after making the cut off, one must be mentally prepared for further rounds, that is, personal interviews and group discussion.
- Keep the exam dates noted such as the registration, getting the admit card, the day of the exam.
- Remain devoted to your goals and try to know the current happenings in the world.
Lucrative Career Opportunities
Professionals with an MBA in Business Analytics are highly sought after by organizations across various industries, including healthcare, finance, retail, and e-commerce. The average salary for professionals with business analytics skills is also higher than the average salary for professionals in other fields. According to Glassdoor, the average salary for a data analyst in the United States is around $76,000 per year, while the average salary for a business analyst is around $81,000 per year.
Skills that are in Demand
An MBA in Business Analytics equips professionals with a diverse range of skills that are in high demand in today's job market. These skills include data analysis, data visualization, statistical analysis, machine learning, and business intelligence. These skills can help professionals stand out in a crowded job market and take on challenging roles in their organizations.
MBA Business Analytics Colleges
Tabulated below are some of thetop MBA Business Analytics Colleges in Indiawith their average fees, salary and location.
College Name | Location | Average Annual Fees (INR) | Average Annual Salary (INR) |
Indian Institute Of Management - [Iimb] | Bangalore | 23,15,000 | 20-25.40 LPA |
Indian Institute Of Management - [Iimc] | Kolkata | 2,70,000 | 23-24.54 LPA |
NIT Trichy | Tiruchirappalli | 14,01,520 | 15-18 LPA |
Great Lakes Institute of Management | Chennai | 16,00,000 | 14-20 LPA |
Narsee Monjee Institute of Management Studies | Mumbai | 8,50,000 | 15-17LPA |
Institute of Management, Christ University | Bangalore | 3,79,000 | 8-12LPA |
Universal Business School | Karjat | 15, 72,805 | 7-10 LPA |
Lovely Professional University | Jalandhar | 3,04,000 | 8-20 LPA |
Pune Institute of Business Management | Pune | 7,95,000 | 6- 11 LPA |
Institute of Management, Nirma University | Ahmedabad | 502,000 | 8.7-13 LPA |
College Comparison
The table drawn below is the comparison between some of the best MBA Business Analytics Colleges in India based on a few parameters like The NIRF Rankings, Fees, Salary, etc.
Parameters | NIT Trichy | Great Lakes Institute of Management | Narsee Monjee Institute of Management Studies |
Overview | NIT Trichy is one of the 31 National Institutes of Technology in India. It offers 10 undergraduate and 28 graduate programs. | Great Lakes Institute of Management is ranked among the most innovative B-schools in business for the future. It offers 2 full time and 4 corporate programs in business. | NMIMS offers courses in B.Tech, M.Tech, MBA, BBA. It also offers them in the form of diplomas, PhD and PG Diploma. |
Location | Tiruchirappalli | Chennai | Mumbai |
NIRF Ranking | 17 | 18 | 20 |
Average Fees | INR 14,01,520 | INR 21,50,000 | INR 8,50,000 |
Average Placement | INR 15-18 LPA | INR 14-20 LPA | INR 15-17LPA |
Top Recruiting Companies | Cognizant, Amazon, Google, Intel, Microsoft, Cisco, Oracle, L&T | BFSI, IT/ITES, and Tech Consulting, Accenture Strategy & Technology, HCL, Deloitte US & India and ZS Associates | ICICI Bank, Honeywell, L&T Infotech, Kotak Mahindra Bank, Aditya Birla Capital, HDFC bank, Cognizant, Max Life Insurance, OYO |
MBA Business Analytics Syllabus
The 2 years course is divided into 4 semesters. The syllabus consists of various MBA Business Analytics subjects like Statistical Analysis, Business Intelligence, etc.
Throughout the entire course duration, students need several industry visits as well. MBA Business Analytics Syllabus is a mixture of both theoretical and practical approaches to study.
A semester wise detailed MBA Business Analytics Syllabus is given below:
MBA Business Analytics Syllabus- Semester 1 | MBA Business Analytics Syllabus- Semester 2 |
Quantitative Methods | Financial Management |
Managerial Economics | Operations Management |
Management Information Systems | Human Resource Management |
Financial Accounting | Financial Analytics |
Marketing Management | Optimization Analytics |
Organizational Behaviour | Stochastic Modeling |
Statistical Analysis | Business Intelligence |
Data Modeling | Research Methods |
Computational Methods | Managerial Communication |
MBA Business Analytics Syllabus- Semester 3 | MBA Business Analytics Syllabus- Semester 4 |
Predictive Analytics | Strategic Management |
Risk Management | Operations and Supply Chain Analytics |
Marketing Analysis | HR Analytics |
Data Mining | Big Data Analytics |
Simulation Modeling | Ethical and Legal Aspects of Analytics |
Analytics Systems Analysis & Design | Project Management |
Industry Internship Programme | Professional Development |
- | Elective Paper |
- | Analytics Capstone Project |
MBA Business Analytics Vs MS in Business Analytics
The following table holds the comparison made between MBA Business Analytics vs MS in Business Analytics on major parameters:
Parameters | MBA Business Analytics | MS in Business Analytics |
Qualification | Master of Business Administration in Business Analytics | Master of Business Administration in Finance |
Course Overview | The field focuses on technical and business domains which aim to deal with technology and data driven environments. It follows a business and industry approach of study. | The field deals with management and business subjects as well as provides training in financial management. |
Eligibility | Graduation with minimum 50% from a recognized university. | Bachelor degree from a recognized college. |
Admission | Entrance-based | Merit + Entrance Exams |
Average Annual Fee | INR 5- 15 LPA | INR 5-10 lakhs |
Average Salary | INR 8- 16 LPA | INR 6- 12 LPA |
Colleges | NIT Trichy, Lovely Professional University, Amity University, IFMR Graduate School of Business | Chennai Mathematical Institute , Christ University - Bangalore, VIT Vellore, Fergusson College Pune, etc |
MBA Business Analytics Jobs and Career Options
- Successful postgraduates can secure jobs as Business Analyst,, Business Analyst Project Manager, Data Analyst, 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
The following table gives a list of the MBA Business Analytics jobs and their average salary offered in MBA Business Analytics
Job Profile | Job Description | Average Salary in INR |
Data Scientist | Utilise the analytical, statistical and data niche to collect, organise and solve complex problems of businesses | 15 LPA |
Statistician | Use theoretical or applied statistics to collect, organise, summarise data to give useful information | 10 LPA |
Market Research Analyst | Their aim is to help a company's profits grow by using what data is available. | 8 LPA |
Quantitative Analyst | Strategize to help maximise the efficiency of trade stocks | 9 LPA |
Project Manager | They help manage projects and project objectives including budgets, costs, goals etc. | 12 LPA |
Data Mining Expert | These experts are responsible building, deploying and maintaining data support tools, and database file/ table creation | 6 LPA |
Business Analyst | They examine data and documents to understand consumer needs or to fulfil internal needs of the organisation. They make complex data comprehendible. | 11 LPA |
Career Advancement
An MBA in Business Analytics can help professionals advance their careers and take on leadership roles in their organizations. With the skills and knowledge gained through an MBA in Business Analytics program, professionals can become valuable assets to their organizations and contribute to their growth and success.