MBA in Business Analytics

MBA in Business Analytics is a 2 year postgraduate management degree course that discusses the basics of Financial Management, Financial Accounting, Operations Management, and other related subjects. Some of the other crucial points about an MBA in Business Analytics as a whole are listed below. MBA Business Analytics is a methodical exploration of businesses or organizations of the data. 

It uses statistical analysis and helps give insights into their performance and helps companies improve and profit using previous data. The course comprises computer simulation, optimization, statistics, decision analysis and artificial intelligence. The course consists of two fields of practice, one is Business Intelligence and another one is Advanced Analytics .

MBA Business Analytics Admission across top MBA Business Analytics Colleges is done through various management entrance exams or merit base. Students who clear the cut off in the entrance exam go further with the selection process. The entrance exam varies from institute to institute. However, CAT is one of those exams accepted widely in all the colleges. After the completion of the course, students can apply for positions such as Data Analysts, Statistician, Data Scientist, Predictive Modeller and Quantitative Analyst. 

MBA Business Analytics Course Details

Why Study MBA Business Analytics Course?

Some of the key reasons as to why should one pursue an MBA in Business Analytics are listed below for your reference:

1. MBA Business Analytics offers skills and knowledge based on analytics, applied and theoretical statistics are gained for job opportunities.

2. Business Analytics has relevance in every industry like Marketing, Finance, Consultancy and Intelligence

3. It offers a wide range of career options including Data Analyst, Data Scientist, Technical Team Leader, Data Mining Expert, and Qualitative Analyst.

4. Fresh graduates after completing this course are hired by top companies such as Microsoft, Infosys, Wipro, Google Tata Group, Facebook and Linkedin

Also the fact that the course comes with a deeper understanding of customer behavior, and provides on-demand business metrics reports to the companies it is one of the most indemand courses in recent times. 

MBA Business Analytics Eligibility Criteria

To be eligible to pursue MBA Business Analytics the students must complete the following conditions:

• Completed Bachelor’s with a minimum 50% aggregate (45% for SC/ ST category) from a recognised university.

• Students who are waiting for their final results or are giving their final examination can also apply.

MBA Business Analytics Syllabus

The 2-year 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 Admission Process

The admission process for most of the top universities is offered through entrance exams. The exams accepted vary depending on the university. Some of the popular entrance exams are CAT, MAT, CMAT and GMAT. Below mentioned are the key steps of MBA Business Analytics Admission:

Step 1: Along with having completed graduation, applicants are required to clear an entrance exam. Apply for the entrance exams accepted by the colleges you wish to apply for.

Step 2: Appear for the entrance examination.

Step 3: Colleges’ shortlist applicants on the basis of the scores and cut off lists are prepared. You need to clear the cut off to be able to proceed further with the admission process.

Step 4: Once you are done clearing the exam, be prepared for a group discussion, interview, or written ability test. These are conducted to further check the skills of the students.

Step 5: After getting through the entire admission process, you can enroll yourself in the respective college. Enrollment in the college is done after the verification of all the original academic and personal documents.

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

MBA Business Analytics Scope

The world of Business Analytics usually revolves around ‘Big Data’ and pursuing a career in this field can offer you a number of opportunities. It is predicted that by the end of year 2023, 40 Zettabytes of data will be in existence leading to a shot in career opportunities for both Business analysts and Data Scientists. MBA Business Analytics might take your career to:

• Descriptive Analysis: In the descriptive analysis, you would be assigned to get a thorough insight into ways to apply data to understand and find solutions to past and future business situations.

• Predictive Analysis: The predictive analysis involves the analysis of the business performance of your organization in the past.

• Prescriptive Analysis: Here, you explore and sort out optimization procedures to ensure stronger productivity and other factors. This leads to better returns for the company.

After having an MBA Business Analytics degree, a student can go for higher studies as well. They can pursue M.Phil or Ph.D courses in management to not only get a better grip over the subject, but also for ample research opportunities.

Conclusion

Getting an MBA in Business Analytics is like strapping a rocket to your back and pointing yourself towards a galaxy of opportunities. And it's not just about adding some heavy artillery to your CV. It’s about becoming a problem solver, a decision-maker who turns data into actions and numbers into narratives.

In conclusion, pursuing an MBA in Business Analytics holds immense promise for those passionate about leveraging data to drive organizational success. Through this conversation, we witness the convergence of theory and practice, reaffirming the relevance and worth of such specialized programs in today's data-driven world. Aspiring professionals