An MBA is designed to educate business leaders, including c-suite executives and gives you a strong foundation in business fundamentals, including both hard and soft skills. An MBA in Business Analytics, on the other hand, is a multidisciplinary degree that involves training in technical skills, business fundamentals, management strategies, leadership, and communication, in addition to business analytics-specific skills. Read this blog to know about MBA in Business Analytics, top universities in India and abroad, scope, jobs, syllabus and more!
|Name of the Program||MBA in Business Analytics|
|Full form||Master of Business Administration in Business Analytics|
|Specialisation||Yes (Business Analytics)|
|Minimum Qualification Requirement||Entrance Exam + Scores in Bachelors’ degree|
|Entrance Exams||GMAT, GRE, CAT, XAT, etc|
|MBA in Business Analytics Average Salary||$115,000 (INR 85,69,656)|
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What is Business Analytics?
Let us first try to grasp the literal definition of business analytics before continuing with this blog on MBA in Business Analytics. Business analytics is an iterative process of systematic data analysis in a business or other organisation. Organizations use the technique to drive informed decision-making, and it heavily relies on statistical analysis. Businesses can use business analytics to gain insights into their success, which can be used as a corporate tool to give them a competitive advantage. Companies may also use business intelligence to simplify and even automate business processes.
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What is an MBA in Business Analytics?
Simply put, a Master of Business Administration (MBA) in Business Analytics is a conventional 1-2 year MBA with a specialisation (major) in Business Analytics. That means you’ll be a business administration professional first and foremost when you graduate, but you’ll also have a better understanding of data and business analytics tools and how to use data insights to make business decisions.
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MBA in Business Analytics Syllabus
Though the actual syllabus varies as per the university and the course, here is an overview of MBA in Business Analytics syllabus:
|1st Year||2nd Year|
Human Resource Management
Management Information Systems
Analytics Capstone Project
Operations and Supply Chain Analytics
Industry Internship Program
Analytics Systems Analysis and Design
Big Data Analytics
Human Resource Analytics
Ethical and Legal Aspects of Analytics
Must Read: MS in Business Analytics in USA
Top Colleges Abroad
The following is a list of the best MBA schools for Business Analytics in 2021:
|Universities||GMAT Score Required||Duration of the Program||Average Tuition Fee||QS MBA Rankings 2021|
|Stern School of Business, New York University||732||24 months||$76,000- $80,000 (INR 56,84,697- 59,83,892)||19|
|The Mendoza College of Business, University of Notre Dame||671||24 months||$58,000- $60,000 (INR 43,38,321- 44,87,919)||45|
|Wharton School of Business, University of Pennsylvania||722||20 months||$80,000- $85,000 (INR 59,83,892- 63,57,885)||2|
|HEC Paris||690||16 months||€72,000- €75,000 (INR 64,41,482- 67,09,877)||5|
|Fox School of Business and Management, Temple University||642||24 months||$64,000- $70,000 (INR 47,87,113- 52,35,905)||–|
|Scheller College of Business, Georgia Institute of Technology||681||21 months||$81,000- $85,000 (INR 60,58,690- 63,57,885)||55|
|Tepper School of Business, Carnegie Mellon University||690||21 months||$70,000 (INR 52,35,905)||–|
|Goizueta Business School, Emory University||690||24 months||$135,000 (1,00,97,817)||60|
|Imperial College Business School, Imperial College London||600+||12 months||£53,000- £55,000 (INR 54,59,779- 56,65,808||22|
|NUS Business School, National University of Singapore||669||17 months||65,000 SGD (INR 36,41,516)||28|
Eligibility Criteria and Requirements
Here are the major requirements to pursue MBA in Business Analytics in India and abroad:
- In general, foreign applicants must score at least 50 per cent on the qualifying exam and have learned the prerequisite subjects in order to be admitted to the prestigious MBA in Business Analysis program. Here are some other requirements to pursue MBA in Business Analytics abroad:
- To apply for MBA in Business Analytics at top universities in India, you must have a bachelor’s degree along with MAT/XAT/CAT/GMAT/GRE scores.
- Minimum of 2 years of work experience
- MBA essays
- MBA admission interviews
- Undergraduate GPA
- All official transcripts to date
Check out: SOP for Business Analytics
Top Universities in India
The top MBA Business Analytics universities in India are listed below:
|University/College||Course Offered||Duration of the Course||Average Tuition Fee in INR|
|IIM Bangalore||MBA Business Analytics (MBA-BA)||2 Years||21-22 Lakhs|
|IIM Calcutta||Post Graduate Diploma in Business Analytics||2 Years||20 Lakhs|
|Indian School of Business, Hyderabad||Advanced Management Programme in Business Analytics||1 Year||10 Lakhs|
|Great Lakes Institute of Management, Chennai||MBA Business Analytics||1 Year||21 Lakhs|
|IIM Kashipur||MBA Analytics||2 Years||15.5 Lakhs|
|NMIMS Mumbai||MBA in Decision Sciences & Analytics||2 Years||28.5 Lakhs|
|Symbiosis Centre for Management and Human Resource Development, Pune||MBA Business Analytics||2 Years||13.5 Lakhs|
|Lal Bahadur Shastri Institute of Management, New Delhi||PGDM-Research & Business Analytics||2 Years||12 Lakhs|
|IFIM Business school, Bangalore||PGDM Data Science||2 Years||10 Lakhs|
|Welingkar Institute of Management Development and Research, Mumbai||PGDM Research and Business Analytics||2 Years||11 Lakhs|
Find the Best MBA Colleges in World 2021
Data scientists and analytics graduates are in high demand, and this demand is only expected to increase in the future. Finance and Insurance, Professional Services, and IT are three of the most prominent industries where Data Scientists are in high demand. Having said that, candidates can choose any sector or area to pursue a career in based on their interests and goals. The following are some of the most popular jobs that candidates seek after completing an MBA in Business Analytics:
- Business Intelligence Expert
- SAS Programmer
- Business Analyst Project Manager
- Business Analyst Industry Expert
- Data Analyst
- Business Analyst
- Big Data Analyst
- Data Warehousing Expert
- Data Scientist
- Market Research Analyst
- Predictive Modeller
- Quantitative Analyst
- Project Manager
- Data Mining Expert
- Computer Systems Analyst
- Health care Analyst
- Marketing Manager
- Personal Financial Advisor
- Financial Analyst
- Management Consultant
- Operations Analyst
- Supply Chain Analyst
Here are some more Career Options in Business Analytics and Big Data
Why Do Businesses Need Business Analytics?
In a nutshell, market analytics aids and provides an organisation with significant competitive advantages, including:
- Answers to company issues in a shorter amount of time.
- Instead of guesswork, answers are based on data.
- Insights into the actions of customers.
- Identifying cross-selling and up-selling possibilities.
- Reports on market metrics available on demand.
Difference Between Business Analytics and Data Science
Both Data Science and Business Analytics entail searching through large amounts of data in order to uncover insights and make well-informed predictions. Both are hot sectors, with strong work demand and opportunities for advancement, as well as the high pay. Both data scientists and business analytics practitioners need good statistical and computer technology skills, as well as a natural aptitude for math and statistics and an analytical mindset. However, there are some key distinctions between these two fields, and the words should never be used interchangeably.
|Data Science||Business Analytics|
|As the name implies, data science is a wider academic discipline that encompasses not only the collection and analysis of data for businesses but also academic research into topics such as algorithm design.||Business analytics, on the other hand, is a more practical discipline that focuses on solving particular problems and guiding organisational decisions.|
|In the field, data scientists typically work on the front end of the data processing process, developing and implementing individualised algorithms for data collection and analysis.||A market analyst is also responsible for identifying trends, but their emphasis is on using the data to boost a company’s competitiveness and streamline operations.|
|Data scientists work with vast amounts of unstructured data and spend a lot of time writing algorithms.||Business analysts deal with more organised data and use business analytics tools more than data scientists.|
Also Read: Masters In Business Analytics In Canada
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