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PGDM in Business Analytics is a postgraduate diploma. It is a 2 year course which focuses on Business Analytics and Data Science and Analysis about business management. It involves specializations in which you will be able to analyze data for a company and give valuable insights, reviews and suggestions.
This PGDM course has seen a rapidly growing demand in recent years. It is becoming one of the most favourite business management career-oriented courses. It can be accessible after graduation for students from any stream.
The role of a post graduate in Business Analytics is to collect raw information, filter, analyze and organise it into usable data to give insightful views about industries and companies towards profitable decision making.
The eligibility criteria for Business Analytics is simple, The candidate must have completed their Bachelor’s degree course from any recognized university. Candidates must not have any backlogs in any subjects in their UG course and they must score 50% to 70% aggregate for admission. Business analytics colleges prefer students from Accounting, Computer Science and Statistics backgrounds.
The admission process for PGDM in Business Analytics is usually merit-based. The candidate must apply for entrance exams for respective institutions. These entrance exams can be CAT, MCAT, XAT, MAT, SNAP, and IPMAT. In the exams that follow, candidates who qualify the cutoff will be shortlisted for personal interview and group discussion rounds from respective institutions. Final results are then declared by the institutions.
In a 2 year PGDBA course, you will learn all the specializations and subjects that are important for learning and gaining knowledge and skills for Business Analysts. For the first year the subjects are Business Statistics, Operations Management, Financial Management, Business Communication, HR Management, Introduction to IT Systems, Management Functions, Managerial Economics, Marketing Management, Research Methodology.
Second year subjects are Introduction to Big data, Data Analytics using R, Advanced Analytics, Business Simulation, Enterprise Systems, Business Law, Data Analytics using SAS, Entrepreneurial Management, International Business, with a case study and projects as part of the syllabus.
From the vast field post the PGDBA course, there are many jobs to choose from. The kind of job depends on your specializations and skills. Some main jobs in Business Analytics include Business Analyst, Data Scientist, IT Analyst, Computer Systems Analyst, and Healthcare Analytics.
You can expect a high end salary as a Business Analyst. An average salary of a PGDBA course fresher is around 4.5 LPA to 7 LPA. Many students pursue this line due to its attractive salary package and potential opportunities. With growth in experience and knowledge in this field, you can double or triple your earnings in a short period of time. You can advance your career with exponential growth and a very bright future.
In short, doing PGDM in Business Analytics is for intelligent and ambitious individuals with a talent for analysis and problem solving. It has a huge potential for a successful career in the Analytics field.
You can also pursue it as a business startup. Not all people pursue it for job opportunities, some are pursuing it for better grasp in their own business growth. You can choose to be an entrepreneur or secure a job in Business Analytics. Either way, a PGDM in Business Analytics will be helpful.