Table of Contents
MBA in Business Analytics has quickly become one of India's most sought-after new-age specialized MBA programs. Many IIMs, including IIM Bangalore, IIM Calcutta, and IIM Kashipur, provide two-year full-time MBA Business Analytics programs. MBA in Business Analytics in India is one of the most popular courses taken up by students.
But, what exactly is MBA Business Analytics? MBA Business Analytics, on the other hand, combines the fields of management, business, and computer science to assist businesses in making data-driven decisions. MBA Business Analytics Subjects in MBA Business Analytics Syllabus employ advanced statistical analysis to provide actionable recommendations. This field's business analysts concentrate on gaining insights from real-world business and consumer data. The goal is to gain insights into why events occurred, what will occur, and what should be done. As a result, the MBA Business Analytics curriculum makes use of Big Data, Statistical Analysis, and Data Visualization to make better decisions and implement organizational changes. Business Analytics is now used in almost every industry, particularly banking and finance, e-commerce, and retailing. The explosion in this field has been caused by the proliferation of consumer and business data generated by the use of mobile technology, computing, sensors, and other devices. The MBA Analytics scope is much broader and more industry-relevant than previously. MBA Business Analytics subjects in the MBA Business Analytics syllabus cover all industry-relevant courses and are updated in response to industry demand, resulting in a consistent increase in the demand for MBA Business Analytics Jobs.
Because of the growing demand for skilled industry professionals in this field, the MBA in Business Analytics is quickly becoming one of India's most popular specialized MBA programs. Some of the top MBA Colleges for Business Analytics in India include IIM Bangalore, IIM Calcutta, ISB Hyderabad, IIM Kashipur, Great Lakes Chennai, BITS Pilani, and many other leading B-schools that offer various types of MBA programs in Business Analytics. These MBA Analytics programs can be standalone or part of a regular MBA program, full-time or part-time, or any combination of the two.
Various MBA in Business Analytics Programs in India
We can categorize these MBA Business Analytics programs into six different categories after studying more than 50 programs, as shown below:
- 2-Year Full Time Specialized MBA in Business Analytics by IIMs
- 2-Year Full Time Specialized MBA Business Analytics or MBA Equivalent PGDM in Business Analytics B-Schools and Universities
- 1-Year Full Time Specialized MBA Business Analytics or Post Graduate Certificate Program in Business Analytics by ISB, Great Lakes, and other top B-schools
- Executive (Part-Time) On-Campus/Hybrid Specialized MBA/PGDM or Certificate Programs in Business Analytics by Top B-schools & Universities
MBA in Business Analytics Syllabus and Courses
MBA in Business Analytics courses and syllabus is more or less similar at IIM Bangalore, IIM Calcutta, Great Lakes, and LBSIM. The MBA Business Analytics Syllabus covers the following key topics, courses, and MBA Specialization in Business Analytics:
1st Year of MBA in Business Analytics
MBA Business Analytics courses in the MBA Business Analytics syllabus for first-year students are similar to those found in other MBA programs.
Through Core courses and Core Analytics courses such as Applied Probability and Statistical Models, Introduction to Computing, Time-Series and Forecasting Techniques, Machine Learning, and Big Data Analytics, they are exposed to fundamental concepts in Marketing, Accounting, Finance, Organization Design, Human Resources Management, Decision Sciences, and Operations Management.
2nd Year of MBA in Business Analytics
The MBA Specialization in Business Analytics is offered in the second year. In the second year, the MBA in Business Analytics courses and syllabus changed. The key areas of MBA Specialization in Business Analytics courses with electives offered for MBA in Business Analytics Syllabus are as follows:
- Artificial Intelligence & Deep Learning
- Multivariate Data Analysis
- Optimization
- Business Analytics and Intelligence
- Business Forecasting
- Social Entrepreneurship
- Supply Chain Analytics
- Marketing Analytics
- Sports Analytics
- Social Media Analytics
- Model-Business Decision
- Infrastructure Development
- PPPs and Regulation
- Indian and International Perspectives
- Corporate Valuation
- Digital Marketing
- Research for Marketing Decisions
- Brand Management
- Entrepreneurship in Action
- Personal Values, Goals, and Career Options
- Creating High-Performance Organizations
- Supply Chain Management
- Technology and Operations Strategy
- Green Business Management
- Strategic Thinking and Decision Making
- Reinforcement Learning
- Current Economic Scenario - Indian Economy and Policy Matters for Business
- Global Securities Markets
- Corporate Governance
Top MBA in Business Analytics Colleges in India
MBA in Business Analytics IIMs, MBA Business Analytics BITS Pilani, MBA Business Analytics NMIMS, and other top MBA in Business Analytics colleges in India offer MBA Business Analytics. The following are the top MBA Business Analytics schools:
| MBA College | Title & Type of MBA in Business Analytics Course | MBA Business Analytics Fees (Rs. in lakhs) |
|---|---|---|
| IIM Bangalore | Master of Business Administration (Business Analytics) (2 Years, Full Time) | Rs. 23 lakhs |
| IIM Calcutta | Post Graduate Diploma in Business Analytics (PGDBA) (2 Years, Full Time) | Rs. 24 lakhs |
| IIM Kashipur | MBA (Analytics) (2 Years, Full Time) | For the 2022-24 Batch of IIM Kashipur MBA (Analytics), the program fee is under revision. Last year's fee for the program was Rs.15.42 lakhs. |
| Great Lakes Chennai | MBA Business Analytics (1 Year) | 21.50 (Including International Study Programme) |
| BITS Pilani | MBA in Business Analytics(2 Years, Full Time) | MBA Business Analytics Fees at BITS Pilani is Rs.11.10 lakhs |
MBA in Business Analytics Admission Process
MBA Business Analytics Admission process 2022 is open in all top MBA colleges, including IIMs and BITS Pilani, that offers a two-year full-time MBA Analytics, MBA Business Analytics, or PGDM Business Analytics program. MBA Business Analytics Eligibility is comparable to that of other MBA programs. The following criteria are used in the MBA Business Analytics admissions process:
MBA in Business Analytics Eligibility
Graduation with at least 50% marks and a strong academic record. Work experience is not required for the two-year MBA Analytics program, but for the one-year MBA Analytics program, different institutes require a range of work experience ranging from two to five years.
MBA in Business Analytics Entrance Exams
Different MBA Business Analytics Entrance Exams are accepted by IIMs and other top B-schools. For example, IIMs accept CAT/GMAT as MBA Business Analytics Entrance Exams, whereas many B-schools accept CAT/XAT/CMAT/MAT/GMAT as well as scores from their own MBA Business Analytics Entrance Exams.
Final Selection via MBA in Business Analytics Admission Process
All candidates who have been shortlisted based on the MBA Business Analytics Entrance exam score, academics, and other parameters must go through the PI round. Following the generation of the final merit list, admission offers are made to applicants.
The Fee and Admission 2022 application status of some of the top MBA Colleges offering MBA Business Analytics is shared below.
| B-school & Program | Fees | Admission Status |
|---|---|---|
| IIM Kashipur MBA (Analytics) | Rs.15.42 Lakhs | Open – Apply Now |
| BITS Pilani MBA Business Analytics | Rs. 11.10 Lakhs | Open-Apply Now |
| XIME Bangalore PGDM Business Analytics | Rs.11.50 Lakhs | Open-Apply Now |
About MBA in Business Analytics
Here's a quick rundown of the MBA Business Analytics program:
- MBA (Business Analytics) is a multidisciplinary program designed to provide students with analytical tools and methodologies for addressing business and social issues.
- The MBA Business Analytics Program Scope is multifaceted. It teaches students how to define problems, identify patterns, gain insights, develop business strategies, and make better decisions by using analytical tools and techniques.
- MBA Business Analytics Syllabus provides students with insights into management disciplines as well as an in-depth understanding of data science.
- Students develop an analytical mindset and an understanding of methodologies that will allow for the innovative application of analytics across various functional areas of management.
MBA in Business Analytics Scope and Program Goals
A good MBA program in Business Analytics enables students to:
- Understand various elements of analytics: business context, technology, and data science.
- Understand the emergence of analytics as a competitive strategy.
- Learn storytelling using data and effective communication using analytics.
- Learn various tools and techniques in analytics with business applications.
- Learn to solve problems from different industries such as aerospace, banking and finance, healthcare, insurance, manufacturing, pharmaceutical, retail, services, software, sports, etc.
Why Should You Pursue an MBA in Business Analytics?
"Business Analytics and its components such as artificial intelligence, statistical learning, machine learning, and deep learning are becoming important and essential skills across industries and are expected to drive economic development in the twenty-first century," says Professor R Srinivasan, Chairperson - Post Graduate Programme- MBA Business Analytics, IIM Bangalore. Our program is rigorous, with a strong theoretical foundation and real-world examples and applications."
Why Study an MBA in Business Analytics at IIM Kashipur, the B-school says, "MBA (Analytics) program at IIM Kashipur is a two-year full-time residential program that aims to prepare managers and future leaders who will shape the increasingly technology-oriented and data-driven world." IIM Kashipur focuses on developing its students' knowledge, skills, and attitudes for leadership roles so that they can navigate the ever-changing business landscape with ease."
MBA in Business Analytics Scope and Career
If you complete your MBA in Business Analytics from one of the best colleges, you will have many opportunities to advance your career in Business Analytics. Students are equipped to build a career in business analytics in top companies with the goal of helping shape the emerging profession of business analytics for aspirants. A student who pursues an MBA in Business Analytics becomes a business analyst, capable of resolving various corporate organizational issues using his or her skills and data analytics tools. The firms provide lucrative MBA Business Analytics Jobs with high pay packages. Professionals are hired by recruiters to provide the best suggestions and actions based on Business Data Analysis and scientifically arrived future predictions.
Despite its recent origins, MBA Business Analytics Jobs are consistently increasing around the world, and MBA Business Analytics Salary packages are also showing high rising trends in campus placements.
MBAs in Business Analytics are in high demand by top recruiters, and companies need these professionals who can use scientific analysis of Business data to make business decisions, so the demand for these professionals is growing year after year. The typical MBA Business Analytics Salary ranges from Rs10.00 LPA to Rs30 LPA.
Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener, and others are among the top recruiters offering MBA Business Analytics Jobs.
MBA Business Analytics Placements
Students' average remuneration in MBA Business Analytics placements is steadily rising. The following are the most recent MBA Business Analytics Placements in campus placements at some of the top institutes:
IIM Bangalore MBA Business Analytics Placements
| Companies | No. of offers |
|---|---|
| American Express | 5 |
| Accenture; Goldman Sachs; McKinsey and Company; | 4 each |
| Kearney | 3 |
| EY; Microsoft; Paytm; Oracle | 2 each |
| ADL; Adobe; Allegro Capital; Alvarez and Marsal; ANZ; BCG; Cashfree; EXL Service; Kotak Mahindra; OLA; Uber; Wells Fargo | 1 each |
IIM Calcutta PGDBA Placement
IIM Calcutta has completed placement 2020 for its fourth batch of Post Graduate Diploma in Business Analytics (PGDBA) 2018-20 students. The class of 56 students received 60 job offers from 18 recruiters. Despite the economic slowdown caused by the COVID-19 crisis, the average salary in Placement 2020 increased to Rs.26.31 LPA from Rs.25.05 LPA the previous year. An international company offered the highest salary of Rs.41.29 LPA. The BFSI (Banking, Financial Services, and Insurance) sector accounted for 57% of all offers. Adani, ZS Associates, EnvestnetYodlee, EXL Analytics, and ICICI Bank were among the prominent companies that took part in the final placement process. The PGDBA program at IIM Calcutta is a two-year full-time residential program offered in partnership with ISI, Kolkata, and IIT-Kharagpur.
IIM Kashipur MBA Analytics Placements
MBA Analytics at IIM Kashipur was recently launched, and the summer placement for the first 2020-22 batch was a success. The average stipend for the top 25% for two months was Rs.158,000/-. High placement trends at IIM Kashipur will also provide good final placement opportunities for MBA (Analytics) students.
Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener, and others were among the top recruiters.
MBA in Business Analytics Salary In India
MBA graduates in Business Analytics can find work in a variety of industries, including information technology, healthcare, financial institutions, and e-commerce.
Because of the increasing importance of analytics in business, the average salary of MBA Business Analytics professionals in India is Rs. 11 lakhs per annum. While freshers can earn between Rs. 5 and 8 lakhs per year, experienced professionals can earn between Rs. 10 and 18 lakhs per year. Senior executives can earn between Rs. 30 and Rs. 55 lakhs per year.
Two-year Full-time Specialized MBA in Business Analytics by IIMs
| IIMs offering MBA in Business Analytics | Programme Name | MBA Business Analytics Duration & Mode | MBA Business Analytics Fees (Rs. in lakhs) |
|---|---|---|---|
| IIM Bangalore | Master of Business Administration (Business Analytics) | 2 Years Full Time; On Campus | Rs. 23.00 lakhs |
| IIM Calcutta | Post Graduate Diploma in Business Analytics (PGDBA) | 2 years of full-time; On campus | Rs. 24.00 lakhs |
| IIM Kashipur | MBA Analytics | 2 Years full time; On campus | For the 2022-24 Batch of IIM Kashipur MBA (Analytics), the program fee is under revision. Last year's fee for the program was Rs.15.42 lakhs. |
Two-year Full-time on-campus Specialized MBA Business Analytics or MBA equivalent PGDM in Business Analytics by B-schools and Universities
| MBA Business Analytics Colleges & Universities offering MBA/PGDM in Business Analytics | Program Name | MBA Business Analytics Duration & Mode | MBA Business Analytics Fee (Rs.in Lakhs) |
|---|---|---|---|
| NMIMS Mumbai | MBA in Decision Sciences & Analytics | 2 years full-time Dual Degree Programme from NMIMS University – School of Business Management & MS in Business Analytics & Information Management -Purdue University | Rs. 28.32 lakhs |
| SCMHRD Pune | MBA Business Analytics | 2 years full time | Rs. 15.69 lakhs |
| Fore School of Management New Delhi | PGDM (Big Data Analytics) | 2 Years Full time | Rs.16.98 lakhs |
| Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi | PGDM-Research & Business Analytics | 2 Years Full time | Rs. 12.90 lakhs |
| Welingkar Institute of Management Development and Research (WeSchool) Mumbai | PGDM Research and Business Analytics | 2 Years Full time | Rs.11.00 lakhs |
| Jagdish Sheth School of Management (JAGSoM) | PGDM Data Science | 2 years full time | Rs. 14.40 lakhs |
| Amrita School of Business, Amrita Vishwa Vidyapeetham, Bengaluru | MBA-MS in Business Analytics | 2 Years Dual Degree program with University at Buffalo, USA | Rs.15.50 lakhs |
| XIME Bangalore | PGDM in Business Analytics | 2 years full time | Rs.11.50 lakhs |
1-Year Full-time Specialized MBA Business Analytics or Post Graduate Certificate Program in Business Analytics by top B-schools
| Name of the Institute | Program Name | MBA Business Analytics Duration & Mode | Fee (Rs.in Lakhs) |
|---|---|---|---|
| Great Lakes Institute of Management, Chennai | MBA Business Analytics | On Campus; 1 Year MBA | Rs.21.50 lakhs (Including International Study Programme) |
| TAPMI Manipal | L.E.A.D. (Leadership through Analytics and Decision Sciences) is a post-graduate certificate program delivered by TAPMI business school in association with Mu Sigma. | On Campus; 1 Year L.E.A.D. (Leadership through Analytics and Decision Sciences) | Rs. 6.00 lakhs |
Executive (Part-time) On-campus/Hybrid Specialized MBA/PGDM or Certificate Programs in Business Analytics by Top B-schools & Universities
| Name of the Institute | Programme Name | MBA Business Analytics Duration & Mode | Fee (Rs.in Lakhs) |
|---|---|---|---|
| ISB Hyderabad | Advanced Management Programme in Business Analytics (AMPBA) | Hybrid:1 year MBA | 10.65 |
| XLRI Jamshedpur | Postgraduate Certification in Business Analytics (PGCBA) | Hybrid; 1 Year Certificate program | 3.00 |
| K J Somaiya Institute of Management &Reseaech, Mumbai | MBA (Part-Time) - Information Management | On Campus Part Time; 3 years PGDM for executives | 2.96 |
| Loyola Institute of Business Administration (LIBA) Chennai | Executive PGDM in Business Analytics | On campus Part Time; 1 Year PGDM for executives & freshers | 2.40 |
Frequently Asked Questions
Q1. Is it worth doing MBA in Business Analytics?
Ans. To answer the question, yes, MBA in Business Analytics is worth it. The reason being modern companies are looking for purposeful, quantifiable knowledge for business decisions, and data analysis is a valuable source of this data.
Q2. Which MBA has the highest salary?
Ans. Top 10 Highest-Paying MBA Concentrations
- Finance.
- Marketing.
- Information Technology.
- Information Security.
- Human Resources.
- Healthcare Management.
- Real Estate.
- International Business.
Q3. What is the scope of an MBA in Business Analytics?
Ans. Senior Positions: Candidates with an MBA in Business Analytics have a good chance to be directly placed in senior positions like a management consultant, operations analyst, and supply chain analyst. High salaries: Business Analysts with an MBA can expect to receive salaries in the range of Rs 8-16 lakh per annum.
Q4. Which is better MBA or business analytics?
Ans. An MBA usually provides a broader horizon for job opportunities, whereas MS graduates lean towards Data Science job roles, limiting the opportunities in the data science field. Many studies also reveal that MBA graduates usually get extraordinary salary growth while it is not so in the case of MS Analytics graduates.
Q5. What is MBA Business Analytics in IIM?
Ans. It is structured to enable you to define business and social challenges, use analytical tools and techniques to identify patterns, gain insights, develop business strategies and make sound management decisions. It provides you with an overview of management disciplines and an in-depth understanding of data science.
Q6. Who can go for MBA in Business Analytics?
Ans. MBA Business Analytics Eligibility: Graduation with a minimum of 50% marks with a good academic profile. Work experience is not mandatory for 2 years MBA Analytics program but for 1 year MBA Analytics program different institutes need a different range of work experience between 2 to 5 years.
Q7. What are the benefits of an MBA in Business Analytics?
Ans. The impact an MBA in Business Analytics can have on your career; the increased salary and job opportunities along with the skills and knowledge you'll acquire which will only grow more important in the future, meaning you can expect a strong return on your investment—the MBA in Business Analytics, then, is more than worth it.
Q8. What are the interview questions asked of a business analysts?
Ans. Technical/Problem Solving Business Analyst Interview Questions
- Explain UML and its uses? ...
- Can you explain SRS and its key elements? ...
- What is BRD? ...
- What do you understand by requirement? ...
- How can you say that a requirement is good or perfect? ...
- What is the purpose of the Requirement Traceability Matrix?
Q9. How good is MBA in business analytics from BITS Pilani?
Ans. It is ranked among the top 10 private institutes in India by Outlook-ICARE Survey, 2019. The Week Hansa Research Best B Schools Survey, 2019 has ranked BITS Pilani among the top 30 B-Schools in India.
Q10. What can you do with a business analytics MBA?
- Advanced analytics consultant.
- Associate manager – customer analytics.
- Business analyst.
- Business intelligence analyst.
- Data analyst.
- Compliance analyst.
- Data scientist.
- Marketing analyst.
Q11. Is there maths in MBA Business Analytics?
Answer. Business Analytics in Operations related work requires absolutely no level of math knowledge apart from basic operations, statistics, and a general level of discipline when it comes to number crunching. business analytics does not involve extensive coding, math, or knowledge of computer science.
Q12. What is Business Analytics?
Answer. Business analytics (BA) is described as the systematic study of data from a business for decision-making purposes. Organizations use the process to drive informed decision-making, which is highly reliant on statistical analysis. It enables corporations to gain insights into their performance, providing them with a competitive advantage. It also assists businesses in improving and even automating business operations.
Q13. What Do You Learn in PGDM/MBA in Business Analytics?
Answer. The PGDM/MBA program is designed to prepare business leaders, with a focus on business operations and management. An MBA school will teach you the essentials of business, including both "hard" and "soft" business abilities. These are taught in a predetermined sequence of obligatory courses, or "core topics."
A few of the courses you may complete as part of your MBA core include:
- Business Accounting
- Finance
- Marketing Management
- Entrepreneurship
- Business Ethics
- Operations Management
- Macroeconomics
- International Business
- Microeconomics
- Human Resources
The Business Analytics concentration will immerse you in specialized business analytics and data capabilities, as well as educate you on how to evaluate business challenges through a data-driven perspective. You'll gain hands-on experience with the most recent business analytics tools, as well as comprehensive case studies and projects, some of which may incorporate real-world data. Professors with field experts who can provide real-world insights and guidance typically teach business analytics courses.
Q14. What are your career options?
Answer. PGDM/MBA in Business Analytics gets absorbed as
- Business Analyst
- Business Analyst Industry Expert
- Data Analyst and/or SAS Programmer
- Business Analyst Project Manager
- Big Data Analyst
- Data Warehousing Expert
- Business Intelligence Expert
- Data Mining Expert
- Marketing Manager
- Personal Financial Advisor
- Financial Analyst
- Management Analyst
- Business Intelligence Analyst
- Business Analytics Specialist
- Management Consultant
- Operations Analyst
People also view:
Top 10 Govt Engineering Colleges in India
Top 10 Government Engineering Colleges in Maharashtra through MHT CET
List of Tier 1 Engineering Colleges in India
Tier 2 MBA Colleges in India with Fees
Tier 1 MBA Colleges in India: Cut Off, Pvt & Govt., Scholarships, Placements
Tier 2 MBA Colleges in India State-wise
Tier 1 MBA Colleges in India: Cut Off, Pvt & Govt., Scholarships, Placements
Top 20 Tier 2 MBA Colleges in India
Tier 1 & Tier 2 Colleges in India
List of Top Tier NIT Colleges in India
Comments are closed.