MBA in Business Analytics | Know the Scope and Job Prospects

Students with this specialisation learn how to use organisational data to make better decisions for organisational growth. Experts who can delve deeper into analytics, with the data and give business executives with the insight they need to flourish are in high demand in today’s business environment

In this Article:

• Scope of MBA in Business Analytics
• Best Colleges for MBA in Business Analytics
• MBA in Business Analytics Syllabus
• Job Prospects after MBA in Business Analytics
• Skills Required for MBA in Business Analytics
• Eligibility Criteria and Admission Procedure for MBA in Business Analytics

Business analytics refers to the procedures and methodologies used to convert data into meaningful findings, which help organisations make decisions. There has been a significant rise in the recruitment of management graduates with business analytics specialisation who are called to play significant roles in the firm.

Scope of MBA in Business Analytics

• Applying for a business analytics MBA provides opportunities for a multifaceted career with a better remuneration. An MBA in Business Analytics improves students’ ability to acquire a variety of analytical methodologies, which they may subsequently use to analyse datasets that serve numerous functional domains within an organisation.
• Descriptive analysis, prescriptive analysis, and predictive analysis are three principal analytical domains that can be explored after obtaining an MBA in Business Analytics.
• Other topics covered in the two-year MBA in Business Analytics curriculum include accounting predictive analysis, market intelligence business performance, information retrieval and business analytics, visualisation of data, and performance management, modelling, business statistics, fundamentals of management science, quantitative statistical analysis etc.

An MBA in Business Analytics equips students with the following skills:

• Discovering possibilities to improve the way the company does business
• Keeping up with current industry developments in order to acquire a competitive advantage
• Choosing the finest analytic tools and procedures to apply in the given scenario
• Creating new technical systems or altering existing ones
• Developing critical thinking abilities to generate large amounts of data and becoming well versed with diverse strategies that are used to deal with it.

Best Colleges for MBA in Business Analytics

MBA in Business Analytics Syllabus

The following table gives you an overview of the MBA in Business Analytics Syllabus exclusive of the internships and other programmes

Job Prospects after MBA in Business Analytics

• Technical Team Lead: The technical team lead’s role is to provide strategic business analytics, assist in data-driven problem solving to uncover business intelligence, and oversee the project’s execution. To ensure process management, interact with a variety of stakeholders from various departments. Investigate and implement methods for providing opportunities for professional development and learning to each team member. Make quick, accurate decisions; work well with others to finish assignments on schedule.
• Predictive Modeller: The role of a predictive modeller falls under the umbrella of processes related to predictive analytics. Predictive models generate forecasts depending on the data provided through computer programs. They must also be well-versed in analytics, statistics, and software.
• Data Mining Expert: A data scientist has a role in assimilating and analysing business data to gauge the contemporary business trends and fads. The work should help the organisation with manipulation of its performance.
• Data Analyst: A data analyst is a person who gathers data based on market research, competitive analysis etc. They use their scientific expertise to assure data accuracy and help the firm make strategic business decisions. Data analysts are creative and precise in their analysis. Data analysts provide clear perspectives into how the company can improve its market strategy and make smarter decisions in a variety of areas.
• Market research experts/ Analysts: Market research experts assess market conditions to determine whether a product or service will sell. They help businesses determine what services customers want and what trends in purchasing behaviour and patterns exist. They produce sophisticated reports and use a variety of other approaches to gather and analyse important information that can help a firm better sell its product or service. In order to track and forecast the performance of such procedures, market research analysts need a solid understanding of data analysis techniques and tools used.
• Business Analysts: Business Analysts find, gather, analyse, and communicate data that aids in the direction of future company decisions in order to research and analyse the market. You’ll need problem-solving skills, the ability to think critically in tough situations, and creative thinking to become a successful business analyst. Coding, mathematical, and analysis techniques skills, as well as other technology abilities, are required.

Top Recruiters

Skills Required for MBA in Business Analytics

• Strong in Mathematics
• Critical Thinking
• Analytical Skills
• Leadership and motivating others
• Good knowledge of IT
• Positive attitude towards changes Impressive analytical skills
• Eye for Detail
• Keen Observation
• Passionate to create technical solutions
• Dedicated to developing technology solutions
• Communication abilities that are exceptional
• Ability to operate under pressure adhering to strict timelines
• Communication Skills

Eligibility Criteria and Admission Procedure for MBA in Business Analytics

To be eligible for the MBA in Business Analytics programme candidates need to have met the following requirements

• Candidates must hold a bachelor’s degree from a recognised university with a minimum grade point average of 50%. In the case of SC/ST candidates, the percentage is 45 percent.
• Candidates who have completed their final year exams are eligible to apply for the MBA in Business Analytics.
• MBA in Business Analytics admissions are open to working people who meet the aforementioned qualifications.
• Valid scores on national-level tests such as the CAT/MAT will be considered for admission.

Candidates must pass the respective entrance tests like CAT Exam, CMAT, NMAT, etc. specified by the colleges in addition to having completed their graduation. Cut-off lists are released by colleges a few days after the results are published. Registered Candidates are shortlisted based on their scores. Entrance tests are a requirement, but passing them alone will not guarantee you a spot in your selected institution. The Candidates must pass the Group Discussion and Personal Interview rounds. Based on the scores after all the aforementioned process, selected candidates will be notified of their acceptance to the colleges of their choice.