MBA Business Analytics is a postgraduate degree programme related to business administration. The course duration is generally two years spread across four semesters. Business Analytics is a field that is concerned with collecting, managing and describing data from various data sets. In India, around 110 colleges offer admissions to the MBA Business Analytics degree programmes.
In IIM Ranchi for the academic year 2022-2024 the highest package was 34.91 LPA and the average CTC was Rs. 19.33 LPA. Since an MBA is a very expensive degree, the return on investment is also on the higher side. The popular exams are CAT, MAT, GMAT, XAT, and NMAT.
The course provides the students with the training in the technical skills, business fundamentals, and managerial principles and skills. Some of the popular subjects a student studies in an MBA Business Analytics course are Financial Management Accounting, Managerial Economics, and Advanced Statistical Techniques.
In India, some of the well-known management institutes in India are KJC Bangalore, IIKM Chennai, Pacific Institute of Management, and DYPUSM Mumbai. To be eligible for the MBA degree in Business Analytics, the student should have successfully cleared their BBA degree in management or similar specialisations.
Particulars | Values |
---|---|
Degree Name | MBA in Business Analytics |
Degree Type | Postgraduate |
Degree Duration | Two year |
Semester | Four |
Entrance Exams | CAT, MAT, GMAT, CMAT, XAT, NMAT |
Eligibility Criteria | Bachelor’s degree |
Admission process | Direct admission and based on the entrance examination |
Fees for the entire duration | Rs. 97,540 to Rs. 21.10 Lakhs |
Average Salary | Rs. 9.7 LPA (Business Analyst) |
Job profiles | Supply Chain Manager, Logistician, Operations Manager, Logistics Manager |
Top recruiters | HDFC, TCS, DELL, Flipkart, Amazon, Larsen and Toubro Ltd, Anchor Electricals, Biomax Fuels Ltd, Accenture, Nokia, Toyota and Proctor and Gamble. |
Students can apply for an MBA in Business Analytics after fulfilling the eligibility details. Candidates can visit the official website to learn more about the course requirements. Listed below are the eligibility criteria for an MBA degree programme in Business Analytics.
MBA Business Analytics is in great demand amongst the aspirants. There is fierce competition for admissions since the applicants are in huge numbers. Many leading IIMs in India also provide an MBA degree in Business Analytics. The admission process may differ based on the institute. Mentioned below is the enrollment procedure for an MBA in Business Analytics.
MBA in Business Analytics aspirants can apply for admission to leading institutes by appearing for the relevant entrance examinations. Admissions will be granted based on the merit score, and grades in their graduation. Some colleges may also conduct aptitude tests, group discussions or personal interviews as part of the admission requirements.
Exam Name | Exam Level | Conducting Body | Exam Schedule |
---|---|---|---|
National Exam | Indian Institute of Management Lucknow | ||
National Exam | All India Management Association | ||
National Exam | National Testing Agency (NTA) | ||
University/National Level | XLRI Jamshedpur | ||
University/National Level | Symbiosis International University |
The MBA Business Analytics cut-off marks are the minimum percentage the candidates must obtain to get admission. The cutoff score of an entrance exam is prepared in terms of percentile. Cutoff score differs based on the number of applicants, the difficulty level of the examination, and the educational institute's stature.
Every college and university has a different syllabus and curriculum. The MBA course in Business Analytics has four semesters with different subjects in each semester. The course curriculum includes subjects related to management, marketing, organisation, and finance. Here, in the table below, we have mentioned the MBA in Business Analytics syllabus of the University of Petroleum and Energy Studies.
Semester 1 | |
Organisational Behavior | Business Communication |
Accounting for Managers | Economics & Management Decisions |
Accounting for Managers | Principles & Practices of Management |
Quantitative Methods | Business Modelling with Spreadsheets |
Data Environment | - |
Semester 2 | |
Human resource management | Data Management |
Financial Management | Business Analytics |
Operations Management | Business Intelligence |
Business Research Methods | Program Elective I |
Operations Research | Open Elective |
Executive Communication | Industrial Visit |
Semester 3 | |
Strategic Management | Programming for Analytics |
Executive Communication Pro | Supply Chain Analytics |
Data Visualization - Powered by Tableau | Energy Analytics |
Big Data Analytics | Open Elective I |
Marketing Analytics | Program Elective II |
Predictive Modeling - Powered by AWS Educate | Summer Internship |
Dissertation-I | |
Semester 4 | |
Enterprise Risk Management | Social & Web Analytics |
Legal Aspect of Business | Consultancy Management |
Dissertation II | - |
The course curriculum of the MBA in Business Analytics consists of two years with four semesters. The fee for both the academic years may be different depending on the institute. Many colleges in India also provide scholarships to deserving candidates. Generally, the fees for an MBA degree in Business Analytics range anywhere between Rs. 97,540 to Rs. 21.10 Lakhs.
Business Analytics is the process of facilitating decision-making and assisting in tracking the progress of their projects. This is one of the reasons why a business analytics MBA has become so important in today's world. Business analytics assists in tracking metrics and employee productivity, which has a significant impact on businesses and allows them to grow and innovate more.
Candidates after completion of the MBA will get jobs in domains like descriptive analytics, predictive analysis, and prescriptive analytics. Students who are interested in studying further can also opt for a PhD in Business Analytics or related disciplines.
Business Analytics can be used in any industry to solve the problems. With increased internet penetration, business analytics has become prevalent in areas such as forecasting and data analysis. After completing an MBA in Business Analytics, students can apply for many career options such as:
Job Profiles | Job Descriptions | Average Salary |
---|---|---|
Operations Analyst | Operations Analysts are professionals who assist the company in solving their problems and help them create goal-oriented strategies. They use different | Rs. 5.1 LPA |
Data Analyst | Data Analysts are professionals who are in charge of organising data into sales figures, market research, logistics, and linguistics. They rely on technical expertise to ensure data figures are accurate and of good quality. | Rs. 6.4 LPA |
Business Analyst | A Business Analyst is a professional who is responsible for studying business data and manipulating the data in a simpler format to be easily understandable. They may also assist in improving sales by focusing on pre-sales and client relationships. | Rs. 9.7 LPA |
Marketing Manager | Marketing Managers are senior-level professionals who organise marketing campaigns to raise awareness about products and services. They also focus on the relationship between the customer and the business. | Rs. 12.4 LPA |
MBA Business Analytics graduates can expect to earn handsome salary packages. While the initial salary may be lower, as they gain significant experience, the salary will also rise. It may be influenced by various factors such as the skills and experiences of the candidates, the location of the company, and the job profile opted. It may also differ depending on the private and government sector. Mentioned below are the salaries of the private and government sectors.
Sectors | Average Salary |
---|---|
Private | Rs. 3 LPA- Rs. 50 LPA |
Government | Rs. 3 LPA- Rs. 50 LPA |
Source: Naukri.com
Note: These salary figures may vary depending on various factors, such as designation, experience, skills, and job location.
An MBA in Business Analytics will assist the candidates in upskilling and staying updated with the latest innovations in the business industry. Some of the recent examples are big data analytics, SQL, Python, and programming languages. Concepts such as business ethics, organisational behaviour, business management, principles and marketing management are also covered in the course curriculum.
Many private colleges in India offer MBA in Business Analytics courses. Private institutes are well-known for their good placement facilities and infrastructure but the fee may also be higher as compared to the public institutes. In the table mentioned below, we have provided a list of popular private colleges along with their NIRF Ranking and fee details.
Colleges | NIRF Ranking | Fees |
---|---|---|
32 | Rs. 10.18 Lakhs | |
36 | Rs. 6.30 Lakhs | |
72 | Rs. 13.86 Lakhs | |
81 | Rs. 8.16 Lakhs | |
101-125 | Rs. 9.40 Lakhs | |
101-125 | Rs. 8.01 Lakhs | |
101-125 | - | |
- | Rs. 3 Lakhs | |
- | Rs. 2.50 Lakhs | |
- | Rs. 5 Lakhs |
Government institutes are renowned for their nominal fees and high educational standards. Many top business schools in India are government-owned. In the table below, students will find a list of leading government institutes with their NIRF ranking and fee structure.
Colleges | NIRF Ranking | Fees |
---|---|---|
2 | Rs. 24.50 Lakhs | |
24 | Rs. 17.30 Lakhs | |
27 | Rs. 17.7 Lakhs | |
44 | Rs. 3.67 Lakhs | |
51 | Rs. 16.50 Lakhs | |
- | Rs. 4.03 Lakhs | |
- | Rs. 2.01 Lakhs | |
- | Rs. 1.67 Lakhs | |
- | Rs. 54,000 | |
- | Rs. 2.55 Lakhs |
Graduates of a business analytics MBA program are business leaders who understand how to use data analytics software, interpret the results, and apply their findings to the decisions they make as business leaders.
The incredible amount of data now available to businesses has propelled the field of business analytics to new heights. According to a recent study, 59 percent of companies worldwide use big data analytics, making now an excellent time to pursue a career in business analytics.
Yes, Data has become an essential part of business, from marketing managers seeking customer data to financial analysts calculating investment decisions.
Business Analytics salaries in India range from Rs 1,09,000 Lakhs to Rs 26,09,000 Lakhs, with an average annual salary of Rs 6,04,000 Lakhs based on their experience.
MBA programs in Business Analytics, Finance, and Entrepreneurship are available. Salary ranges for each of these disciplines range from Rs 7,00,000 to Rs 9,00,000.
There are numerous opportunities after MBA in business analytics. Marketing Manager, Personal Financial Advisor, Financial Analyst, Management Analyst, Business Intelligence Analyst and Business Analytics Specialist are the few career options after MBA.
Candidates must have a bachelor's degree from a recognised institute with a minimum aggregate of 50 percent for general category candidates and 45 percent for SC/ST candidates. Prior to being admitted to the MBA in Business Analytics programme, candidates must have completed a bachelor's degree in any field.
Business analytics assists in gaining insight into processes in order to improve decision-making strategies. Business analytics is one of the highest-paid data analytics jobs.
As previously mentioned, a graduation degree is mandatory. SQL query writing knowledge and experience. Expert knowledge of programming languages. They must be capable of effective communication and negotiation.
In MBA colleges the highest recruiters were Amazon, BCG, Cipla , Accenture Strategy, BMW, and Cisco.