Aayushi
24 January, 2025
Table of Contents
“Data is the most valuable asset of the 21st-century business world”
Allied Market Research report 2023 stated the global big data and business analytics market is expected to grow at a CAGR of 10.9% to reach $420 Billion by 2027. So, an MBA in Business Analytics is an ideal career choice if you are an enthusiast of problem-solving and numerical puzzles. There’s no doubt that businesses are going digital. And what is the driving force behind this? Of course, it’s data. Some companies develop their entire business model around data while others collect, store, and analyse massive chunks of data. The volume of the raw data is so vast that new models of computing are adopted.
After completing an MBA in this specialisation you can become a data analyst/business analyst, data architect, market research analyst and more. You can receive an average competitive salary of INR 6 LPA – 25 LPA. In this article, let’s discuss every aspect of an MBA in Business Analytics, its fee structure, study mode, eligibility, and job prospects in this field.
This two-year post-graduate programme blends technical expertise, corporate insights, management strategies, and strong communication skills. Apart from the core curriculum of an MBA in Business Analytics that involves computer science skills, business fundamentals, and practices to make optimal and robust decisions.
In this field, statistical analysis is extensively used in all functional areas of business analytics. Owing to the availability of large quantities and diversity of data, significant opportunities have emerged for businesses to utilise data to develop future action plans and improve the existing ones.
Course Details | Information |
---|---|
Course Name | MBA in Business Analytics |
Course Type | Master’s Programme |
Mode | Full-Time, Part-Time, Distance, Online |
Eligibility | Passed bachelor’s degree with a minimum of 50% marks from a recognised university or board. |
Duration | 2 Years |
Average Salary Offered | INR 7 LPA – 25 LPA |
Employment Roles |
– Data Analyst / Business Analyst – Data Architect – Market Research Analyst – Statistician – Business Intelligence Analyst – Information Security Analyst |
Colleges |
– Indian Institute of Foreign Trade – Lovely Professional University – MIT Pune |
Average Fees | INR 1,00,000 – 3,00,000 |
The hiring trends of the past year surveyed by GMAC indicate a considerable increase in demand for Business Analytics Professionals. The growing advancement of technology has opened a multitude of opportunities and there has been a significant increase in the number of start-ups in the past few years. You would be surprised to know however, most of these new businesses are conceived with the help of analytics. Therefore, industries are in dire need of proficient Business Analysts. If you pursue an MBA in Business Analytics at this hour, it may prepare you for lucrative career opportunities.
The scope of business analytics is not limited to any particular geographical area, it branches out worldwide. The global big data analytics market is expected to reach USD 105.08 billion by the year 2027. Looking at these numbers, you can imagine the scope of business analytics in the coming ten years. Therefore, pursuing an MBA in Business Analytics at this point prepares you for the lucrative opportunities that lie ahead.
Here you can see the general semester-wise subjects in MBA (business analytics). There are 4 semesters. However, this is a general curriculum, it varies as per university and mode of learning.
Semester 1 | Semester 2 |
---|---|
Quantitative Methods | Operations Management |
Managerial Economics | Financial Management |
Management Information Systems | Human Resource Management |
Financial Accounting | Financial Analytics |
Marketing Management | Optimisation Analytics |
Statistical Analysis | Business Intelligence |
Data Modelling | Research Methods |
Computational Methods | Managerial Communication |
Semester 3 | Semester 4 |
---|---|
Predictive Analysis | Strategic Management |
Risk Management | Operations and Supply Chain Analytics |
Marketing Analysis | HR Analytics |
Data Mining | Big Data Analytics |
Simulation Modelling | Ethical and Legal Aspects of Analytics |
Analytics Systems Analysis & Design | Project Management |
Industry Internship Programme | Analytics Capstone Project |
Elective Paper |
Note: This is a general curriculum, it varies as per university and mode of learning.
The general eligibility criteria followed by universities are as follows:
📌Note: You can apply If you are appearing for final exams or waiting for results. Please note that this is a general eligibility criteria that most universities follow. However, some universities also require you to appear for a personal interview or group discussion. Moreover, most universities do not require an entrance score in online mode.
According to current industry trends, business analytics is one of the most popular streams. The fee structure for this course varies as per university, location, course delivery mode, etc. Generally, the fee structure for an MBA in Business Analytics ranges between 6,00,000 to 20,00,000.
MBA programmes come in various formats. Just like any other course, you can choose from different formats such as full-time, part-time, online, or distance MBA programmes. The choice varies as per individual needs, interests, and your current profile. Let’s discuss the different modes of MBA in Business Analytics:
Popularly known as the regular mode of learning, in this format lectures are delivered on campuses. In a full-time MBA, you get to experience campus activities and events which help in personality development.
Part-time courses are slightly flexible and convenient compared to full-time MBA. However, the duration of a part-time MBA in Business Analytics is more than 2 years. Most of the candidates in this mode are working professionals, so the class and exam schedules are outside business hours.
It is the most flexible learning mode that allows you to attend classes from home and even appear for exams via online mode. Currently, it is the most popular mode of online MBA courses. From fresh graduates to experienced professionals, a huge pool of MBA aspirants chooses to study an online MBA in Business Analytics.
Distance MBA in Business Analytics may not necessarily require you to have a PC or internet connection. All the study material is at home, and students need to submit their assignments at the regional center of the university. Unlike online or full-time, there is no specific schedule in distance learning; you can learn at your own pace.
Must Read: Top 10 Online MBA Colleges in India
With hundreds of management schools at every corner, it is normal to get confused about how to choose the right MBA college for your desired specialisation. It is one of the major decisions of an aspirant’s life. Even for a casual dress, we compare all the available options so why not for an MBA college?
Here are a few tips on how to choose the right MBA college:
According to current industry trends, business analytics is one of the most popular streams. The fee structure for this course varies as per university, location, course delivery mode, etc. Here you can see the college and their fees.
Name of the College | Fee |
---|---|
Indian Institute of Foreign Trade | INR 17,87,506 |
Lovely Professional University | INR 2,50,000 per semester |
MIT Pune | INR 4,70,000 per year |
Uttaranchal University | INR 2,71,012 full course |
Name of the College | Fee |
---|---|
UPES (UGC-DEB, NAAC A) | INR 175,000 |
Chandigarh University (UGC, AICTE, NAAC A+) | INR 1,80,000 (After early bird discount) |
Amity University (UGC-DEB, NAAC A+, AICTE) | INR 1,99,000 (full course) |
Dr. D.Y. Patil Vidyapeeth (UGC, AICTE, NAAC A++) | INR 1,89,400 full course |
Also Read: Top Online & Distance MBA Colleges in India
Here you can see a list of job roles and their average salary expected. However, salary ranges might differ according to organisation and expertise.
Job Role | Average Salary |
---|---|
Business Analyst | INR 6 LPA – 20 LPA |
Data Architect | INR 7 LPA – 25 LPA |
Statistician | INR 8 LPA – 30 LPA |
Business Intelligence Analyst | INR 5 LPA – 25 LPA |
Market Research Analyst | INR 7 LPA – 27 LPA |
Information Security Analyst | INR 7 LPA – 25 LPA |
* Source: Glassdoor
Embarking on an MBA in Business Analytics journey opens doors to a world of possibilities in the data-driven era. The program equips you with the skills to navigate complex data landscapes, make informed decisions, and propel your career to new heights. Whether you choose the traditional full-time mode or opt for the flexibility of online or distance learning, an MBA in Business Analytics positions you at the forefront of the data revolution, ready to meet the demands of the dynamic business environment.
As the business analytics field is on the rise, there are countless career opportunities you can explore including Business Analyst, Data Architect, Statistician, Business Intelligence Analyst, Information Security Analyst, and many others.
Yes, many top-ranking universities are offering online MBA programmes in Business Analytics.
By pursuing an online MBA in Business Analytics you develop a diverse skill set such as predictive analysis, marketing intelligence, econometrics, data mining, and data visualisation among others.
In most universities, work experience is not required for admission to online MBA programmes. However, some institutions might ask for work experience, so you should check that particular university’s website.
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