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Online MBA in Business Analytics: Comprehensive 2024 Guide

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Kamaldeep

20 June, 2024

Online MBA in Business Analytics: Comprehensive 2024 Guide

“Without big data, you are blind and deaf and in the middle of a freeway” –  Geoffrey Moore

The need for business analysts has risen dramatically post-digitalisation in India. With technology getting advanced and data being used in every industry, its potential is still at the primary stage. Whether you search on Google or scroll on Instagram, all the collected data actually helps marketers and businesses to understand market trends and customer behaviour. As the technology upgrades, the tools and techniques to identify more accurately have emerged. At this juncture, it won’t be wrong to say that these challenges have created several opportunities for aspiring professionals to benefit from this growing industry. So, where to start your analytics journey? In this blog, we have explored the dimensions of an online MBA in Business Analytics, the easiest and result-oriented way to build a successful career in this field.

But first, let’s take a quick overview of this course.

Scrap the Dust From Online MBA in Business Analytics

An MBA in Business Analytics is a traditional management degree with a concentration in business analytics in online mode. This Master of Business Administration degree is of two years duration designed for candidates looking for niche roles and career advancement. The programme will train you in technical and management skills. The curriculum will prepare you to methodically understand how an organisation’s dataset is useful and how it can be used to increase productivity. The emphasis for this will be on statistical analysis to drive appropriate decision-making.

On completing this degree, you can pitch for jobs like Business Analyst, Data Analyst, Data Engineer, Predictive Modeler, Financial Analyst, etc. In addition, the online mode gives you an edge to continue to expand your work experience. Moreover, the online MBA is much more affordable than regular degrees. So the return on investment will also be high.

To learn more about the course, let’s read the blog further.

Highlights of Online MBA in Business Analytics

Course Level  PG degree course
Course Duration  Minimum 2 year
Online MBA in Business Analytics Fee INR 60,000 to INR 10,00,000
Eligibility  Must have completed a bachelor’s from a recognised university
Average Salary for MBA Business Analytics INR 5 to 14 LPA
Top Recruiters  Amazon, Citigroup, Deloitte, Meta, Accenture, KPMG, HCL

Eligibility Criteria for Online MBA in Business Analytics

The eligibility criteria for different colleges may be different; however, the basic criteria are explained below:

  • Must have completed a bachelor’s degree from a recognised university.

  • Candidates from any stream can apply for this programme, however, some institutions may ask for statistics and mathematics scores in the previous qualification.

  • Students who have appeared in the final exam of their undergraduate and are awaiting their results can also apply.

  • Work experience is not mandatory, but can be preferred in some colleges.

  • Students with work experience and entrance exam scores get an exemption from online test/interview rounds in some colleges. However, most colleges do not require an entrance exam or personal interview for online programmes.

How to Apply for an Online MBA in Business Analytics?

Follow these simple steps to enrol in an online MBA Business Analytics programme:

business analytics mba

The Curriculum of Online MBA in Business Analytics

The coursework of an online MBA follows similar guidelines for regular courses, highlighting the credibility and validity of online education. Here is the list of the main subjects that the programme encompasses.

Semester 1 Semester 2
Economics & Management Decisions Human Resource Management
Financial Management Customer Relationship Management
Marketing Management Project Management
Quantitative Techniques for Management Applications Strategic Management
Operations & Material Management Research Methodology

 

Semester 3 Semester 4 
Data Environment Data Visualisation
Data Management Big Data Analytics
Business Analytics Social & Web Analytics
Business Intelligence Predictive Modelling
Data Mining Programming for Analytics
Project Work

Benefits of Online MBA in Business Analytics

The journey from data to decisions is exhilarating for companies and professionals seeking career growth. If you are still confused about how an MBA degree in Business Analytics can be beneficial, let’s find out here.

  • Global Career Opportunities: Firstly, an MBA course comes with networking opportunities with various industry professionals across the globe. Additionally, companies beyond borders are in dire need of skilled business analysts. With the online MBA in business analytics programme, you can tap the benefits of networking and seize a global opportunity.

  • Higher Salary Package: An MBA degree on your profile highlights your knowledge and advanced skills leading to a salary increment.

  • Become a Smart Decision Maker: As the world has gone digital, most decisions rely on surplus data. Every manager or business leader must be able to turn raw data into useful information. An MBA in this domain prepares you for more challenging roles.

  • Flexibility and Convenience: A primary benefit of online learning is the flexibility of attending classes as per your own schedule. Working professionals do not need to quit their jobs to turn to academics.

Top Colleges Offering Online MBA in Business Analytics

Business analytics is a high-demand field offered by several colleges in India. Some of the best colleges are listed below:

Institution Name  Fee Structure 
Amity University INR 1,95,000 (full course)
Lovely Professional University INR 1,62,800 (full course)
UPES INR 1,75,000 (full course)
GLA University INR 45,000 (per year)
Shoolini University INR 37,500 (per semester)
Chandigarh University INR 45,000 (per semester)
Manipal Academy of Higher Education INR 70,000 (per semester)
SRM Institute of Science and Technology INR 47,250 (per semester)

Career Scope and Job Prospects After Online MBA in Business Analytics

As the need for data-driven decision-making in business increases so does the demand for business analytics professionals. Based on the statistics of Verified Market Research, the business analytics sector is estimated to grow at a CAGR of 9.63% by 2031. Businesses across the globe are increasingly using data analytics to understand consumer behaviour and market trends. These growth metrics reflect a rise in job opportunities in this sector. Therefore, once you complete your online MBA in Business Analytics you can tap into vast career prospects. Some of them are given below:

Job Role  Average Salary 
Supply Chain Analyst INR 6.7 LPA
Big Data Analyst INR 7.5 LPA
Business Analyst INR 9.7 LPA
Predictive Modeller INR 7 LPA
Technical Team Leader INR 18.5 LPA
Quality Assurance Analyst INR 4.5 LPA
Financial Analyst INR 6 LPA
Business Intelligence Manager INR 23.2 LPA
Data Scientist INR 14.4 LPA

Top Online MBA Specialisations

  • Online MBA in HR Management

  • Online MBA in Finance

  • Online MBA in Finance and Accounting

  • Online MBA in IT Management

  • Online MBA in Business Management

  • Online MBA in International Business

  • Online MBA in Project Management

  • Online MBA in Healthcare Management

  • Online MBA in FinTech

  • Online MBA in Data Science

  • Online MBA in Digital Marketing

Winding Up

Business analytics is one of the most in-demand MBA specialisations. The reason is the positive outlook of the employment opportunities in the field. Earning an online MBA in Business Analytics will prepare you for a successful career in this globally rising industry. You can groom yourself for the business analytics field without quitting your job or compromising on other personal commitments.

FAQs

Q1. Is an Online MBA in Business Analytics worth it?

Business analytics is a high-demand field at the moment. Earning an online MBA degree in this specialisation from a reputed college will be totally worth it.

Q2. What are the benefits of an Online MBA in Business Analytics?

This degree can benefit you in many ways: Global opportunities, flexible learning, affordable courses, a higher salary package, and fast career growth among others.

Q3. How much does an Online MBA in Business Analytics cost?

The average fee structure of the course ranges between INR 60,000 to 1,00,000. In addition, you may have to pay an admission fee or application fee which is a one-time payment.

Q4. How long does an Online MBA in Business Analytics take to complete?

Generally, it takes 2 years to complete. However, some students may take longer so the maximum duration is 4 years.

Q5. What jobs can I get with an Online MBA in Business Analytics?

After completing this degree you can work as a Financial Analyst, Market Research Analyst, Big Data Analyst, Data Scientist, and other profiles based on your interest area.

Q6. How much can I earn with an Online MBA in Business Analytics?

The base salary after an online MBA in Business Analytics ranges between INR 5 to 14 LPA depending upon your experience level and skillset.


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