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MBA in Business Analytics 2024

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₹ 60 Lakhs

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International & National Internships only at 5-star Properties

One to One Corporate Mentorship

An Entrepreneurial Culture at the Campus

Have you ever wondered how an MBA in Business Analytics could unlock a world of opportunities? This blog unravels the mysteries, providing a roadmap for aspiring professionals. From decoding the curriculum of top-notch institutions to exploring the fascinating realms of career options and salaries, keep scrolling to explore the transformative landscape of business analytics. The key to unlocking your future awaits – let's dive into the world of an MBA in Business Analytics!

 

What is an MBA in Business Analytics?

An MBA with an emphasis on business analytics is a typical MBA degree. The postgraduate program, which lasts 2 years on average, equips candidates with a more profound comprehension of using data to drive business decisions. Business analytics in MBA employs a multidisciplinary approach, exposing candidates to technical training, business fundamentals, leadership and management techniques, communication skills, and skills specific to the field.

Business analytics is the process of using data analysis to find solutions for business issues. Turning data into valuable business insights entails gathering, organizing, processing, and evaluating data using statistical models and techniques. Businesses can gain a competitive edge by using business analytics to help them gain insights about their performance, which is a corporate asset. Additionally, it enables businesses to simplify and enhance business processes.

One can gain technical and managerial skills training through a Business Analytics program. Students will pursue topics like data mining, decision models, visualization, data preparation and acquisition, and customer analytics at some of the best MBA schools for business analytics.

 

Eligibility Criteria and Requirements 

The minimum requirements for an MBA in Business Analytics India vary depending on the college. Nonetheless, most colleges maintain the following standards: 

  • Obtained a bachelor's degree from a university with accreditation (B.E., B.Tech., B.Sc., B.Com. or BCA) with a minimum of 50% overall.
  • Students are also eligible if they take their final exam or are still waiting for the results.

The top entrance exams that must be passed to pursue an MBA in business analytics are listed below.  

  • CAT: It stands for Common Aptitude Test, an online assessment. Most business colleges, including IITs and IIMs, accept it.
  • MAT: Four times a year, the Management Aptitude Test is administered. It is available both offline and online. NSHM Knowledge Campus, PIET, and other colleges are among those that accept it.
  • GMAT: The GMAT is managed by the Graduate Management Aptitude Council. It's an online test that's administered from October through December, spanning 75 days (about 2 and a half months).
  • CMAT: The Common Management Admission Test (CMAT) is a three-hour online examination administered by The Testing Agency. Universities like Great Lakes Institute and IIMR Indore, among others, accept it.

 

Also Read Why to Pursue MBA in Business Analytics

 

MBA in Business Analytics Syllabus

Embark on a dynamic two-year MBA Business Analytics program structured across 4 engaging semesters. Explore a diverse syllabus featuring key subjects like Statistical Analysis and Business Intelligence. This curriculum seamlessly blends theoretical foundations with hands-on practical applications, providing a well-rounded learning experience. Enrich your understanding through industry visits woven throughout the program. 

Below is a comprehensive semester-wise Business Analytics MBA syllabus:

Semester 1:

  • Quantitative Methods
  • Organizational Behavior
  • Statistical Analysis
  • Managerial Economics
  • Management Information Systems
  • Financial Accounting
  • Marketing Management
  • Data Modeling
  • Computational Methods

Semester 2:

  • Financial Management
  • Operations Management
  • Human Resource Management
  • Stochastic Modeling
  • Research Methods
  • Managerial Communication
  • Financial Analytics
  • Optimization Analytics
  • Business Intelligence

Semester 3:

  • Predictive Analysis
  • Risk Management
  • Analytics Systems Analysis & Design
  • Industry Internship Programme
  • Marketing Analysis
  • Data Mining
  • Simulation Modeling

Semester 4: 

  • Strategic Management
  • Operations and Supply Chain Analytics
  • Project Management
  • Professional Development
  • Elective Paper
  • Analytics Capstone Project
  • HR Analysis
  • Big Data Analysis
  • Ethical and Legal Aspects of Analytics

 

Top MBA in Business Analytics Colleges in India 2024 with fees 

MBA programs in India are evolving to meet the increasing significance of data-driven decision-making, offering specialized courses in Business Analytics. These institutions seamlessly integrate fundamental management principles with a focused analytics approach, equipping students for the data-centric professional landscape. For those aspiring to pursue Business Analytics, here is a list of colleges offering MBA in business analytics in India, featuring details such as total tuition fees, seat intake, entrance exams, and eligibility criteria.

1] ITM Business School Navi Mumbai 

The MBA in Business Analytics in Mumbai program at ITM Business School in India spans two years of full-time study. Admission to this program is solely based on entrance criteria. As an MBA in Business Analytics college in India, ITM Business School accepts candidates with valid scores from state CET entrance exams like CAT, XAT, MAT, CMAT, ATMA, and others.

Course Duration: 2 years

Fees: ITM MBA Business Analytics Course fees is 11,95,000 Rs

2] IIM Ahmedabad

Many courses, including PGPM, EPGD, PG Program, FDP, and others, are available at IIM Ahmedabad. To be admitted to IIM Ahmedabad, candidates must pass the CAT, GMAT, GRE, GATE, UGC-JRF, or IAT exams. A scorecard of national competitive exams such as the CAT, GMAT, GATE, and UGC NET is used to determine admissions. To choose students for admission, both a round of personal interviews and course-specific entrance exams are held.

Course Duration: 2 years 

Fees: 30,00,000

3] BITS Pilani 

They offer a UGC-approved Work Integrated Learning Programme (WILP) for an MBA in Business Analytics. The course consists of 4 semesters with online courses wherein a project in the final semester helps students apply concepts and techniques learned during the program. The education delivery methodology followed by them is a blend of classroom and experiential learning

Course Duration: 2 years

Fees: 2,54,000

 

Career Options, Job Opportunity after MBA in Business Analytics

A career in business analytics field can range from analyst-level roles to a business intelligence manager. MBAs can find employment as analysts or in consulting or financial firms, depending on their area of expertise. If you have an analytics background, you'll also have an advantage over other candidates when applying for more general business management roles. 

After completion of business analytics in MBA, the following are the career options:

  • Program and Marketing Manager
  • Business Intelligence Analyst
  • Management Analyst
  • Business Intelligence Analyst
  • Business Analytics Specialist
  • Market research Analyst
  • Operations Analyst
  • Supply Chain Analyst

When it comes to salaries for Business Analytics in MBA, factors like seniority and industry sectors play a crucial role in determining pay scales. Here's an overview of average yearly salaries across different categories for those with an MBA in Business Analytics, highlighting the key factor of an MBA in business analytics salary.

  • Beginners: Rs 5,00,000 for positions like Market researcher, Business analyst, and Big data analyst.
  • Mid-Management Level: Rs 14,00,000 - Expert in Data Mining, Business Intelligence, Science, and Analysis - SAS Programmer.
  • Leadership positions: Rs 25,00,000 for Big Data Manager, Technical Team Leader, Business Analytics Project Manager, and Senior Data Scientist.

 

Top Recruiters for MBA in Business Analytics Professionals in India

MBA hiring trends show that professionals with experience in business analytics, particularly those with an MBA in Business Analytics India, are in high demand and frequently hired by leading companies in the field. This comprises firms that provide management consulting, like: 

  • HCL
  • Deloitte
  • Infosys
  • Amazon
  • KPMG
  • Wipro
  • Microsoft
  • Accenture
  • Tata Group
  • Adani Group
  • Google
  • Reliance
  • LinkedIn
  • Facebook

 

Difference Between Business Analytics and Data Science

1] Meaning:

  • Business analytics is the statistical analysis of objectives, data, and business operations to obtain knowledge and improve procedures and strategies.
  • Data science is an analysis of data using techniques from computer science, such as statistics, mathematics, and algorithms, to identify trends and forecast the future.

2] Type of data:

  • Business Analytics focuses on structured data.
  • Data Science uses structured as well as unstructured data.

3] Programming:

  • Business Analytics requires less programming and is more focused on analytics and statistics.
  • Data Science relies extensively on programming to develop models that identify tendencies and provide findings.

4] Statistics:

  • Business Analytics is entirely based on statistics.
  • Data Science involves several steps, of which statistics is only one. Statistics are completed after the necessary models have been programmed.

5] Industries:

  • Business Analytics is used in marketing, healthcare, entertainment, retail, entertainment, supply chain, etc.
  • Data Science benefits industries such as manufacturing, e-commerce, academics, ML/AL, fintech, etc.

 

Top MBA Business Analytics college in Mumbai 2024 with fee structure 

1] ITM Business School Navi Mumbai: Admission to the MBA in Business Analytics programat ITM Business School in India is exclusively entrance-based. To create a shortlist for prospective enrollment, the institute accepts the results of both national and state entrance exams. Candidates for the MBA program at ITM Business School are admitted based on their valid results from any state CET entrance exam, including the CAT, XAT, MAT, CMAT, ATMA, and others.

  • Fees: INR 11 lakh 95 thousand
  • Entrance Exam: CAT, XAT, MAT, CMAT, ATMA, MAH CET, and NMAT are the entrance exams. Candidates must be graduates of an accredited university or institute with a bachelor's degree.
  • Course Duration: 2 years

2] NMIMS Mumbai: With six trimesters, NMIMS offers a two-year full-time MBA program that results in a Master of Business Administration degree. A comprehensive process, comprising a written exam, a group discussion, and an in-person interview, is required for admission. Additionally, the program places a special emphasis on business analytics subjects in the MBA, strengthening the curriculum to satisfy the needs of the changing business environment.

  • Fees: INR 24 lakh
  • Entrance Exam: NMAT entrance exam; graduation with a minimum cumulative score of 50%
  • Course Duration: 2 years

3] SPJIMR Mumbai: Striving for operational freedom and cultivating an agile, adaptable, and entrepreneurial organizational culture, the S P. Jain Institute of Management and Research (SPJIMR) aims to influence practices and foster value-based growth. Emphasizing a commitment to a career in business analytics, SPJIMR provides a platform for individuals to thrive in this dynamic field.

  • Fees: INR 22 lakh
  • Entrance Exam: CAT and GMAT entrance exams Class 12 with at least 50% of the total is eligible.
  • Course Duration: 2 years

 

Conclusion 

Let's conclude, that pursuing an MBA in Business Analytics in India opens doors to dynamic career opportunities in diverse industries. With a comprehensive curriculum, top-notch institutions like ITM Business School, IIM Ahmedabad, and so on are shaping future leaders in the field. 

The program equips graduates with a blend of technical and managerial skills, making them sought-after by leading recruiters such as HCL, Deloitte, Infosys, and more. As the need for experts in business analytics keeps growing, these MBA in business analytics colleges in Indiastand as pillars, providing a solid foundation for a successful and rewarding career journey.

 

FAQs

1] What does an MBA in Business Analytics do?

An MBA in Business Analytics facilitates decision-making regarding which datasets to use and how to apply them to solve problems and boost production, revenue, and efficiency.  

2] Is an MBA in Business Analytics worth it?

Yes, An MBA in Business Analytics is worthwhile. It provides you with essential business knowledge, improves your industry understanding, and leads to well-paying management positions in high-demand industries.

3] Who is eligible for an MBA in Business Analytics?

To be eligible for an MBA in Business Analytics, you must have a bachelor's degree from an accredited college with at least 50% marks. Specific requirements may vary; some institutions may set higher minimum admission cut-off marks.

4] Is MBA Business Analytics a good job?

Yes, an MBA in Business Analytics is a great career choice. It provides the skills needed for a successful business analyst role, aligning perfectly with the increasing demand for analytics professionals.

5] What is an MBA in Business Analytics salary?

The salary for a Business Analytics MBA varies depending on experience. It ranges from INR 2-5 LPA for beginners, INR 7-15 LPA for those with 5-8 years of expertise, and INR 18-30 LPA for those with 10-15 years of expertise.

6] What jobs can I get with an MBA in Business Analytics?

Jobs available with an MBA in Business Analytics are: 

  • Data Analysis
  • Financial Analysis
  • Data Science
  • Business Intelligence
  • Operations Management
  • Marketing Management
  • Market Research
  • Management Consultant
  • Marketing
  • Marketing Analyst

7] Which institute is best for an MBA in Business Analytics?

The best institutes for an MBA in Business Analytics include but are not limited to: ITM Business School, IIM Bangalore, NMIMS School of Business Management, S.P. Jain Institute of Management and Research, IIM Calcutta, Amity University Noida, NIT Trichy, IIM Kashipur, etc. 

Admin Jan 23, 2024

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