Aditi Chaurasia
Table of Contents
MBA Business Analytics
Many of us go out to study MBA and one of the well-known and student’s favourite is MBA in Business Analytics, so what does an MBA in business analytics do? Or is an MBA in Business analytics worth it?
An MBA in Business Analytics is a particularly valuable addition to your skills package if you want to grow your career. In fact, if a professional doesn’t pursue a master’s degree at the mid-level career stage, it’s almost essential to pursue one in preparation for senior leadership roles.
The MBA Business Analytics is designed to build deep competency in the skills needed to implement and oversee data-driven business decisions, including
- collecting, managing and describing datasets,
- forming inferences and predictions from data
- making optimal and robust decisions.
MBA Business Analytics meaning – MBA Business Analytics is a program aimed to provide in-depth information on modelling business challenges and employing analytics tools and methodologies to prepare learners to assume a leadership position in this expanding industry. It is designed to assist participants to define business and other real-world challenges, finding patterns, acquiring insights, establishing business strategies, and making effective management choices. The curriculum is designed to provide students with an overview of numerous management disciplines as well as an in-depth grasp of Data Science.
Entrance examinations are used to get admission to top MBA Business Analytics institutions such as IIMB, IIMC, NIMS, and others. Students who pass the admission test advance to the next round of selection. The admission test differs from one institution to the next. However, the CAT is one such test that is generally recognized in all universities. Some of the most prominent management entry examinations include the MAT, XAT, GMAT, and CMAT.
Students who complete the course may apply for jobs such as Data Scientist, Statistician, Predictive Modeler, Quantitative Analyst, and so on. These experts earn an average income of INR 8- 16 LPA. HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP, IndusInd Bank, and other prominent firms to work with
Students may also opt to study further in order to get more advanced expertise in the topic. Following a successful MBA Business Analytics degree, M.Phil or PhD studies in management are the finest possibilities for further study. The usual course cost in India is between INR 5- 15 LPA. However, the course prices vary depending on the institution.
MBA Business Analytics Overview
Some of the major highlights of the course are as follows.
| MBA Business Analytics Course Level | Post Graduate |
| MBA Business Analytics Full- form | Master of Business Administration in Business Analytics |
| MBA Business Analytics Duration | 2 years |
| MBA Business Analytics Examination | Semester- based |
| MBA Business Analytics Eligibility | Graduation with a minimum of 50% from a recognized university. |
| MBA Business Analytics Admission Process | Entrance-based |
| MBA Business Analytics Course Fee | INR 5- 15 LPA |
| MBA Business Analytics Average Salary | INR 8- 16 LPA |
MBA Business Analytics Synopsis
MBA Business Analytics – MBA in Business Analytics has quickly become one of India’s most sought-after new-generation specialized MBA programs. But what exactly is Business Analytics? Business analytics blends management, business, and computer science to assist firms in making data-driven choices. It employs advanced statistical analysis to provide practical advice. This field’s business analysts concentrate on gaining insights from real-world corporate and consumer data.
The purpose is to get insights into why events occurred, what will occur, and what should be done. Big data, statistical analysis, and data visualization are used in business analytics to make better choices and execute organizational changes. Business analytics is employed in almost every business, notably banking and finance, e-commerce, and retailing. The growth in this industry has been caused by the proliferation of consumer and commercial data created by the usage of mobile technology, computers, sensors, and other devices.
Because of rising industry demand, the MBA in Business Analytics is quickly becoming one of India’s most popular specialized MBA programs. MBA in Analytics programs is available at IIM Bangalore, IIM Calcutta, ISB Hyderabad, Great Lakes Institute of Management Chennai, and many more renowned B-schools.
Why Study the 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 sector, including marketing, finance, consulting, intelligence, and so on.
- It provides several employment opportunities such as data analyst, data scientist, technical team leader, data mining specialist, and qualitative analyst.
- These students may get jobs at top firms like Microsoft, Infosys, Wipro, Google Tata Group, Facebook, Linkedin, and others.
- Great pay packages are available, with an average range from INR 8 to 16 LPA.
MBA Business Analytics is highly sought after by a variety of industries for the following reasons:
- The training solves business questions more quickly.
- MBA Business Analytics provides a more in-depth knowledge of client behaviour.
- It offers firms on-demand business analytics reports.
MBA Business Analytics Admission Process
Most of the leading institutions, like IIMC, IIMB, NIT Trichy, and others, provide admission via entrance tests. The examinations that are approved differ per institution. Popular entry examinations include the CAT, MAT, CMAT, and GMAT.
The steps for MBA Business Analytics Admission are as follows:
- In addition to having completed graduation, candidates must pass an admission test. Apply for the admission examinations that are approved by the institutions you want to attend.
- Attend the admission exams.
- Colleges select candidates based on their results, and cut-off lists are created. You must pass the cut-off in order to continue with the admissions process.
- After passing the exam, you should be prepared for a group discussion, interview, or written ability test. These are held to further assess the pupils’ abilities.
- After completing the admissions procedure, you may enrol in the appropriate college. Enrollment in college is completed after the authentication of all original academic and personal papers.
MBA in Business Analytics Colleges in India: Eligibility Criteria
The requirements for an MBA in Business Analytics may range from one campus to the next. However, most colleges have the following criteria:
- Candidates must hold a bachelor’s degree from a recognized institution in any subject.
- Candidates must have a minimum aggregate score of 50% (45% for restricted categories).
MBA in Business Analytics Colleges in India NIRF Ranking 2022
The National Institutional Ranking Framework ranks colleges each year (NIRF). The ranking is decided by a variety of elements and fluctuates from year to year depending on how well a college or university performs in areas such as faculty, placements, and infrastructure.
The following table lists the MBA in Business Analytics programs in India that are rated by NIRF:
| College Name | NIRF 2020 | NIRF 2021 | NIRF 2022 |
|---|---|---|---|
| IIM Bangalore | 2 | 2 | 2 |
| IIM Calcutta | 3 | 3 | 3 |
| IIM Ranchi | 20 | 21 | 15 |
| SPJIMR | 18 | 19 | 21 |
| IIM Kashipur | 33 | 33 | 23 |
List of Private and Public Business Analytics Colleges in India
There are 336 Private 29 Public and 2 Public Private Business Analytics Colleges in India
List of Private Business Analytics Colleges in India
| Private Colleges | Total Tuition Fee |
|---|---|
| SPJIMR | INR 22.1 lakh |
| Amrita School of Business | INR 10.5 lakh |
| NMIMS | INR 18.04 lakh- INR 24 lakh |
| Amity University, Noida | INR 11.76 lakh |
| Great Lakes Institute of Management, Chennai | INR 13.25 lakh- INR 17.25 lakh |
MBA Business Analytics Colleges
Tabulated below are some of the top MBA Business Analytics Colleges in India with their average fees, salary and location.
| College Name | Location | Average Annual Fees (INR) |
|---|---|---|
| Indian Institute Of Management – [Iimb] | Bangalore | 23,15,000 |
| Indian Institute Of Management – [Iimc] | Kolkata | 2,70,000 |
| NIT Trichy | Tiruchirappalli | 14,01,520 |
| Great Lakes Institute of Management | Chennai | 16,00,000 |
| Narsee Monjee Institute of Management Studies | Mumbai | 8,50,000 |
| Institute of Management, Christ University | Bangalore | 3,79,000 |
| Lovely Professional University | Jalandhar | 3,04,000 |
| Pune Institute of Business Management | Pune | 7,95,000 |
| Institute of Management, Nirma University | Ahmedabad | 502,000 |
Full-time on campus for two years B-schools and universities provide specialized MBAs or MBA equivalent PGDM in Business Analytics.
To meet the growing demand for MBA Business Analytics, a number of major university MBA institutions and private PGDM colleges are now providing specialist MBA/PGDM in Business Analytics programs in addition to their flagship MBA programs. Some of the best MBA universities in the Non-IIM category that provide two years of full-time specialized MBA/PGDM programs are included below, along with program pricing information.
| Universities & B-schools offering MBA/PGDM in Business Analytics | Programs Name | Duration & Mode | Fee (Rs.in Lakhs) |
|---|---|---|---|
| NMIMS Mumbai | MBA Business Analytics | 2 years of full-time Programs | 18.04 |
| SCMHRD Pune | MBA Business Analytics | 2 years full time | 18.88 |
| Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi | PGDM-Research & Business Analytics | 2 Years Full time | 13.90 |
| Welingkar Institute of Management Development and Research (WeSchool) Mumbai | PGDM Research and Business Analytics | 2 Years Full time | 13.00 |
| Jagdish Sheth School of Management (JAGSoM) Bangalore | PGDM Analytics & Digital Business | 2 years full time | 14.90 |
| Amrita School of Business, Amrita Vishwa Vidyapeetham, Bengaluru | MBA-MS in Business Analytics | 2 Years Dual Degree Program with University at Buffalo, USA | 17.60 |
1-year Full-time Specialized MBA or Post Graduate Certificate Program in Business Analytics by top B-schools
Brief details of the Programs offered by some of the top MBA colleges, including Great Lakes, TAPMI are shared below:
| Name of the Institute | Programs Name | Duration & Mode | Fee (Rs.in Lakhs) |
|---|---|---|---|
| Great Lakes Institute of Management, Chennai | MBA Business Analytics | On Campus; 1 Year MBA | 21.50 (Including International Study Programs) |
Executive (Part-time) (Part-time) Top B-schools and Universities offer on-campus/hybrid specialized MBA/PGDM or certificate programs in business analytics.
Working executives or recent graduates who find it impossible to enrol in a full-time MBA program of one or two years’ length might enrol in part-time MBA programs. For them, B-schools provide part-time on-campus Business Analytics programs with weekend courses, alternate week classes, month-end classes, or alternate month classes. Among the best institutions that provide the Executive part-time on-campus specialized MBA Business Analytics program are:
| Name of the Institute | Programs Name | Duration |
|---|---|---|
| ISB Hyderabad | Advanced Management Programs in Business Analytics (AMPBA) | Hybrid for 1 year MBA |
| XLRI Jamshedpur | Postgraduate Certification in Business Analytics (PGCBA) | Hybrid for 1-Year Certificate Programs |
| NMIMS Bengaluru | Post Graduate Diploma in Data Science and Analytics | Campus Part-Time for 1 Year MBA for executives |
| Loyola Institute of Business Administration (LIBA) Chennai | Executive PGDM in Business Analytics | Campus Part-Time for 1 Year PGDM for executives & freshers |
MBA Specialization in Business Analytics offered within a 2-year Full-time General MBA/PGDM Program
Many top MBA colleges including IIMs offer Business Analytics as one of the major specializations within their 2-year full-time MBA Programs.
| Name of the Institute | Program Name | Duration |
|---|---|---|
| IIM Ahmedabad | Post Graduate Programs in Management (PGP) with a Specialization in Information Systems | 2 Years Full Time |
| IIM Lucknow | Post Graduate Programs in Management (PGP) with Specialization in IT & Systems and Decision Sciences | 2 Years Full Time |
| IIM Indore | Post Graduate Programs in Management (PGP) with a Specialization in Information Systems | 2 Years Full Time |
| IIM Kozhikode | Post Graduate Programs in Management (PGP) with a Specialization in Information Systems | |
| IIM Tiruchirappalli | Post Graduate Programs in Management (PGPM) with Specialization in Information Systems & Analytics | 2 Year Full Time |
| MDI Gurgaon | Post Graduate Programs in Management (PGDM) with a Specialization in Information Management | 2 Years Full Time |
| IFMR GSB KREA University, Sri City | MBA with Specialization in Data Science | 2 Years Full Time |
| Christ University Bengaluru | MBA with Specialization in Business Analytics | 2 Years Full Time |
Executive (Part-Time) Online Specialized MBA/PGDM or Business Analytics Certificate
Many major B-schools have begun providing part-time online education to individuals who aspire to study MBA but cannot attend courses for many months owing to the nature of their profession, yet have the goal of pursuing their MBA from a respected college. The following universities offer part-time online specialized MBA in Business Analytics programs:
| Name of the Institute | Programs Name | Duration |
|---|---|---|
| IMT Ghaziabad – CDL | PGDM Business Analytics | Online for 2 Years |
| Great Lakes Institute of Management, Chennai | PGP-Business Analytics & Business Intelligence | Online for 1 Year |
| BITS Pilani | M.Sc. Business Analytics | Online for 5 Semesters |
MBA in Business Analytics Colleges in Delhi/NCR
Nearly 50 colleges in Delhi-NCR provide MBAs in Business Analytics. 95% of the MBA in Business Analytics institutions in Delhi-NCR are private, 3% are government, and the remainder is public-private partnerships.
Business analytics is a broad field that encompasses data analysis. With shifting business environments, some firms are investing heavily in Business Analytics in order to make educated choices. The broad breadth of Business Analytics provides several prospects for individuals pursuing a degree in the discipline. Because of their expertise and abilities, most organizations choose MBA students for Business Analytics.
Top MBA in Business Analytics Colleges in Delhi-NCR
Most of the colleges in Delhi-NCR conduct placement drives. However, the students pursuing from the top colleges have a great chance of grabbing high salary packages. Here is the list of the top 5 MBA in Business Analytics colleges in Delhi-NCR based on Shiksha placement review ratings:
- Sri Sharda Institute of Indian Management-Research (SriSIIM), Delhi
- Accman Institute of Management, Greater Noida
- I Business Institute, Greater Noida
- Master School of Management, Meerut
- Delhi Technological University (DTU)
MBA from Business Analytics Colleges in Delhi-NCR
Colleges have fees ranging from Rs 1-2 lakh. Some of these colleges are:
- South Point Technical Campus, Sonepat
- Panipat Institute of Engineering and Technology (PIET)
- Ganga Technical Campus , Bahadurgarh
- Ganga Technical Campus – Admission Office, Bahadurgarh
Colleges have annual fees between Rs 3-5 lakh. Some of these colleges are:
- Galgotias University, Greater Noida
- Sunstone Eduversity – GD Goenka University, Gurgaon, NIU Campus, Noida, NIET Campus, Greater Noida
- Jagan Nath University, Haryana
Colleges have annual fees of more than Rs 5 lakh. Some of these colleges are:
- EMPI Business School, Delhi
- Lloyd Business School, Greater Noida
- Amity University Noida, Gurugram
- Jaypee Business School (JBS)
MBA in Business Analytics Colleges in Bangalore
Bangalore is home to nearly 40 colleges offering MBA in Business Analytics in full-time mode. Out of the total Business Analytics colleges in Bangalore, 95.5% of colleges are private and 4.5% are the government. The last few years have witnessed a rise in Business Analytics career prospects. There is a vast demand for skilled professionals with an understanding of Business Analytics in the market. Making a career in Business Analytics is an excellent option irrespective of the industry or department one chooses to work in. MBA is one of the popular courses among students.
Top MBA in Business Analytics Colleges in Bangalore
Students must consider factors such as placement, faculty, infrastructure, etc. before selecting a college. Out of the total Business Analytics colleges in Bangalore, some have been ranked at the top of the list. Find below the top MBA in Business Analytics Colleges in Bangalore based on Shiksha placement review ratings:
- IIM Bangalore
- International School of Business and Media (ISB&M)
- NSB Academy
- Community Institute of Management Studies
- PES University
MBA from Business Analytics Colleges in Bangalore
Colleges have annual fees between Rs 1-2 lakh. Some of these colleges are:
- PES University
- Dayananda Sagar College of Engineering (DSCE)
- Dayananda Sagar University (DSU)
- NITTE Meenakshi Institute of Technology (NMIT)
Colleges have an annual fee between Rs 3-5 lakh. Some of these colleges are:
- CMR University (School of Management)
- Sunstone Eduversity- PISM Campus, RR Institutions
- Hopkins Group of Institution
- Patel Group of Institutions
Colleges have an annual fee of more than Rs 5 lakh. Some of these colleges are:
- ISBR Business School
- Amrita School of Business
- Christ University
- NSB Academy
Careers in Business Analytics
If you finish your MBA in Business Analytics from one of the leading universities, you will have many options to further your career in Business Analytics. Students are trained to establish a career in business analytics in top businesses with the goal of helping shape the rising profession of business analytics to hopefuls.
A student who pursues an MBA in Business Analytics becomes a business analyst, capable of resolving numerous corporate organizational difficulties using his or her talents and data analytics technologies. Companies engage Business Analytics consultants to provide the finest recommendations and actions based on Business Data Analysis and scientifically calculated future projections.
MBAs in Business Analytics are gaining greater placements and are in high demand by top recruiters, as organizations require these people who can apply scientific analysis of Business data to make business choices. An MBA in Business Analytics earns an average income of Rs 9LPA to 25LPA.
Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener, and others are among the top recruiters providing employment in Business Analytics.
MBA Business Analytics Syllabus
The 2 years course is divided into 4 semesters. The syllabus consists of various MBA Business Analytics subjects like Statistical Analysis, Business Intelligence, etc.
Throughout the entire course duration, students need several industry visits as well. MBA Business Analytics Syllabus is a mixture of both theoretical and practical approaches to studying.
A semester-wise detailed MBA Business Analytics Syllabus is given below:
| Semester 1 |
|---|
| Quantitative Methods |
| Managerial Economics |
| Management Information Systems |
| Financial Accounting |
| Marketing Management |
| Organizational Behaviour |
| Statistical Analysis |
| Data Modeling |
| Computational Methods |
| Semester 2 |
|---|
| Financial Management |
| Operations Management |
| Human Resource Management |
| Financial Analytics |
| Optimization Analytics |
| Stochastic Modeling |
| Business Intelligence |
| Research Methods |
| Managerial Communication |
| Semester 3 |
|---|
| Predictive Analytics |
| Risk Management |
| Marketing Analysis |
| Data Mining |
| Simulation Modeling |
| Analytics Systems Analysis & Design |
| Industry Internship Programme |
| Semester 4 |
|---|
| Strategic Management |
| Operations and Supply Chain Analytics |
| HR Analytics |
| Big Data Analytics |
| Ethical and Legal Aspects of Analytics |
| Project Management |
| Professional Development |
| Elective Paper |
| Analytics Capstone Project |
Conclusion
To keep things short here is the Conclusion of the MBA in Business Analytics,-
The program for an MBA in Business Analytics typically takes two years to complete full-time. The MBA in Business Analytics is an MBA degree with a specialization in Business Analytics.
The program covers basic business principles as well as how to think about the company from a data-driven perspective. Modules often address subjects such as management, leadership, economics, finance, marketing, and operations management. Data mining for business analytics, market data science, marketing analytics, and regression analysis are all interwoven into this.
Mid-career individuals who want to advance inside their existing company may opt to study part-time, which may prolong the time it takes to complete to three years or more. There are additional accelerated programs available, which compress the same curriculum into an 18-month challenging program.
- Admission to MBA in Business Analytics programs in India is based on merit and admission test results. A bachelor’s degree in a relevant area of study (for example, BBA in Business Analytics) with at least 50%-60% aggregate marks, as well as entrance test scores from the CAT/GMAT/XAT/NMAT/MAT/and others, as well as other significant eligibility conditions as determined by the institution, are required.
Frequently Asked Questions:
Q. What job can I get after MBA in Business Analytics?
Ans. Job titles associated with an MBA in Business Analytics include:
- Marketing Manager.
- Personal Financial Advisor.
- Financial Analyst.
- Management Analyst.
Q. What is MBA in business analytics salary?
Ans. Business Analytics salary in India ranges between ₹ 1.8 Lakhs to ₹ 28.5 Lakhs with an average annual salary of ₹ 7.0 Lakhs.
Q. What are the finest reference books for MBA courses in Business Analytics?
Ans. Students may enhance their understanding by reading the greatest reference books for an MBA in Business Analytics course. Some examples are as follows:
- Business Intelligence for Dummies by author Swain Scheps
- Business Intelligence Guidebook by author Rick Sherman
Q. Are projects required in MBA programmes in Business Analytics?
Ans. Yes, projects are required in MBA in Business Analytics courses since they need cooperation between many firms’ processes, technical goals, and data while achieving business objectives. This course’s frequent project themes include:
- Bank financial statements are examined.
- A risk management and portfolio management survey
- A review of the numerous investment opportunities accessible in India.
Q. Which teaching strategies and techniques are used in MBA courses in Business Analytics?
Ans. MBA in Business Analytics courses include a variety of instructional strategies and techniques to assist students in gaining practical knowledge. Here are a few examples:
- Projecto-curricular activities
- Problem-based Presentations
- Practical knowledge
- Assignments and field projects
- E-learning, for example.
Q. What skills are necessary for an MBA in Business Analytics?
Ans. The following are some common talents that are important in the subject of MBA in Business Analytics, both for learning and for obtaining work:
- Software for business analytics and reporting
- Thinking beyond the box
- Visualization of data
- Design of a database
- Communication that is effective
- Problem-solving abilities
- Python and R, for example.
Q. Can an MBA in Business Analytics lead to a satisfying career?
Ans. Indeed, an MBA in Business Analytics may lead to a satisfying job by assisting organizations or corporations in making use of Big Data. Business analytics provides a comprehensive grasp of data interpretation for firms and industries to prosper in today’s dynamic, ever-changing business environment.
Q. What is the MBA in Business Analytics all about?
Ans. Simply put, an MBA in Business Analytics is concerned with the proper interpretation of data via analysis. Business analytics, via the use of different tools and technologies, may collect data for analysis and aid in making sound choices. It enables large enterprises to make more fast, more accurate, and target-specific decisions.
Q. Are there any electives available for the MBA in Business Analytics?
Ans. Yes, students may pick optional topics for their MBA in Business Analytics based on their interests. This course’s optional topics are as follows:
- Operations Strategy
- Multivariate Data Analysis
- Infrastructure Development
- Global Securities Markets
- Corporate Governance
- Business Forecasting
Q. What are the best MBA programs in Business Analytics in the world?
Ans. There are several top MBA in Business Analytics universities where students may study overseas. Among them are the following: HEC Paris, Imperial College Business School, Imperial College London, National University of Singapore, and others.
