MBA in Business Analytics

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!

Also Read: MSBA – Master of Science in Business Analytics

Name of the Program	MBA in Business Analytics
Full form	Master of Business Administration in Business Analytics
Level	Postgraduate (PG)
Field	Management
Specialisation	Yes (Business Analytics)
Duration	1-2 Years
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)

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.

Check Out: CAT vs GMAT- The Unbiased Answer [2021]

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.

Check Out: How to Become a Business Analyst

Why Study MBA Business Analytics Course?

• MBA Business Analytics provides analytics skills and knowledge, as well as applied and theoretical statistics for work prospects.
• Business analytics is relevant in every industry, including marketing, finance, consulting, intelligence, and so on.
• It provides numerous employment opportunities such as data analyst, data scientist, technical team leader, data mining specialist, and qualitative analyst.
• These students can find jobs at top firms like Microsoft, Infosys, Wipro, Google Tata Group, Facebook, Linkedin, and others.
• Great salary packages are available, with an average range from INR 8 to 16 LPA.

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
Quantitative Methods Financial Management Managerial Communication Computational Methods Managerial Economics Human Resource Management Operations Management Research Methods Financial Accounting Management Information Systems Business Intelligence Optimisation Analytics Stochastic Modelling Financial Analytics Marketing Management Statistical Analysis Data Modelling Organisational Behaviour	Strategic Management Analytics Capstone Project Professional Development Predictive Analytics Operations and Supply Chain Analytics Marketing Analysis Risk Management Simulation Modelling Data Mining 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 2023:

Universities	GMAT Score Required	Duration of the Program	Average Tuition Fee	QS MBA Rankings 2023
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)	34
Wharton School of Business, University of Pennsylvania	722	20 months	$80,000- $85,000 (INR 59,83,892- 63,57,885)	3
HEC Paris	690	16 months	€72,000- €75,000 (INR 64,41,482- 67,09,877)	4
Fox School of Business and Management, Temple University	642	24 months	$64,000- $70,000 (INR 47,87,113- 52,35,905)	90
Scheller College of Business, Georgia Institute of Technology	681	21 months	$81,000- $85,000 (INR 60,58,690- 63,57,885)	46
Tepper School of Business, Carnegie Mellon University	690	21 months	$70,000 (INR 52,35,905)	39
Goizueta Business School, Emory University	690	24 months	$135,000 (1,00,97,817)	33
Imperial College Business School, Imperial College London	600+	12 months	£53,000- £55,000 (INR 54,59,779- 56,65,808	6
NUS Business School, National University of Singapore	669	17 months	65,000 SGD (INR 36,41,516)	26

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:
  • English proficiency tests like IELTS, TOEFL, PTE, etc., are mandatory.
  • A minimum of 60% in the qualifying test, such as GMAT, and GRE band scores, is required for international students.
  • Letters of Recommendations 
  • Statement of Purpose
• 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

Career Options

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
• Statistician 
• 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:

1. Answers to company issues in a shorter amount of time.
2. Instead of guesswork, answers are based on data.
3. Insights into the actions of customers.
4. Identifying cross-selling and up-selling possibilities.
5. 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

FAQs

This was everything about MBA in Business Analytics. We hope that you must have found this blog informative and useful. Want to pursue MBA in Business Analytics abroad? Reach out to our experts at Leverage Edu and they will help you with everything to make you land at your favourite destination abroad to pursue MBA in Business Analytics.