There is a lot of buzz in the industry right now about MBAs in Business Analytics. Companies are always in need of people who can crunch data and interpret information to boost their business. Business analytics entails studying business and management practices using a multidisciplinary approach. This program provides not only theoretical knowledge, but also the technical skills to drive business based on data.
Business Analytics is one of the most popular terms in the world of business and corporations.
Essentially, it is a process and technique for converting data into knowledge and insights that drive business decisions. Your MBA in Business Analytics will put you in a position to acquire expertise and knowledge about a wide range of analytical tools for collecting, analyzing, and reporting data that will be used by multiple functional areas within an organization.
Duration
MBA Business Analytics is a two-year postgraduate program that will lead to a positive career growth.
Eligibility for MBA in Business Analytics
The following conditions must be met for students to be eligible for MBA Business Analytics:
The applicant must have completed a Bachelor’s degree with a minimum of 50% (45% for SC/ST category) from a recognized university.
Applicants who are awaiting their final results or are taking their final exam can also apply.
Scope
From small to large businesses, the course is designed to give them the mindset to understand the needs of the clients, establish proper communication among the team members, generate valuable data, and interpret that data into useful information.
Benefits
It includes topics such as decision analysis, statistics, predictive modeling, marketing, computer simulation, optimization, and artificial intelligence. The MBA Business Analytics is a method for exploring data for businesses or organizations. Utilizing previous data, it gives companies insights on their performance and helps them improve and make more money.
Fees
In India, the average course fee ranges between INR 5- 15 LPA. However, prices differ by university. A course completion can lead to employment as Data Scientists, Statisticians, Predictive Modelers, Quantitative Analysts, etc.
Career growth and opportunities
Professionals in this field can expect to earn anywhere between INR 8 and 16 LPA on average.
You can apply for the following positions after completing MBA in Business Analytics:
- Financial Analyst
- Financial Advisor
- Business Analytics Specialist
- Marketing Manager
- Senior Business Consultant
- Management Consultant