MBA, Master of Business Administration, is a degree which is designed to enhance your skill in the field of Business and Management. It is an internationally acclaimed degree. Not only in the Business and Management sector, an MBA graduate can work but also in a managerial career in the public sector, government, private industry.
Over the years, this program has become one of the most popular degrees in the world. It requires the students to have at least two years of professional experience before pursuing this degree.
Some of the top MBA Colleges in India that provide MBA degree courses include, Indian Institute of Management (IIM) Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Kharagpur, IIT Delhi, IIT Bombay and many more. These mentioned colleges are known for their quality of education and hence famous for pursuing MBA and other Managerial degrees. Some of the private institutes that have shown to grow more popular are SPJIMR Mumbai and XLRI Jamshedpur. The average fee structure of these colleges may vary from 5 to 10 lakh rupees for the complete course, and the placement record of these colleges is outstanding. After completing MBA from these colleges, students can get placement offers on an average of INR 24 lacs per annum. The placement record of these colleges is excellent.
An MBA in Business Analytics degree will provide you with an extra edge over the various data analytics tools and how to use insights of various data to make a business decision. Since the data and technology field is some of the most growing and in-demand fields right now, so does an MBA in business analytics is. During the course, you will get technical training, management practices, leadership, and communication, along with knowledge of statistical and computer tech skills. Students must be skilled to analyze the data and use it to improve competitive ends and optimize the operations of the company. This course will train one to use the top-rated business analytics tools and solve problems by analyzing data, maybe with real-world data and execute projects. Statistics, Data mining, Forecasting, and Modelling are some of the key parts of this course.
There is a large number of business schools that are providing online MBA courses with the option of a concentration in Business Analytics. The coursework is the same as that of on-campus classes; rather the students get an added advantage that they can pursue this course and continue working without any problem. The course content available online is sometimes arranged according to the student’s demand.
It is observed that there is a very high market demand for this qualification and students won’t find any difficulty to find a job. In fact, there is a shortage of capable business analysts who can make data-driven business decisions. The graduates in MBA business analysts have a variety of jobs to choose from across different sectors. Some of the popular careers that an MBA in business analytics can get includes, marketing manager, financial analyst, supply chain analyst personal financial advisor. The demand for data-driven decision making is increasing at a very high pace across the globe. As a result, the person most equipped with these tools will also be in great demand. Almost all sectors of work are now using this data-driven decision making. In India, the average salary of a Business analyst job is INR 10 – 20 lakh rupees per annum. Also, the job placement rate for MBA graduates is very high.
Having a degree of MBA in business analytics from a top-rated business school will help you boost your career and provide an edge in the market and provide the option of fulfilling a career in analytics. For working professionals who want to switch to an executive level of work, this degree can help you out, as it equips you with the ability to manage complex business environments and to utilize data to make business decisions.
A business analyst provides a company with a competitive edge over others in the following ways –
- It helps to provide insights into customer behavior and take decisions accordingly.
- Analyze the data generated and provide a proper solution based on that data rather than making decisions on guess works.
Check out some top-rated MBA colleges in India that offer a degree in Business Analytics:
- ICFAI Business School, Hyderabad
- IIT Kanpur
- NMIMS Mumbai
- Great Lakes Institute of Management, Chennai
- Xavier Institute of Management, Bhubaneshwar
- Amity University, Noida
- BIT Mesra, Ranchi
- Galgotias University, Noida
- Lovely Professional University
- VELS University
Altogether MBA in business analytics is a course that will benefit you in all ways as the rise of demand for analytics jobs is very high. Students having an interest in business administration can consider this as an option to succeed in their careers.
Featured image source: Freepik
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