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Online MBA in Data Science: 2024 A to Z Guide

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Elina

26 June, 2024

Online MBA in Data Science: 2024 A to Z Guide

From your smartwatch to your shopping cart, the technology you are surrounded by generates endless data. Data science professionals work on these large data sets to help businesses and organisations function efficiently. If you are a tech geek and are happy around numbers, exploring the lengths of the data science field is an ideal job for you.  If you plan to streamline your career into this niche irrespective of your background, an online MBA course in Data Science degree is the way to it. You can continue expanding your work experience or fulfilling other commitments without compromise while completing an MBA degree. Higher earning potential, leadership roles for working executives, and better career opportunities are where a higher degree in data science takes you. So be the master of your career and stay ahead of the crowd.

In this blog, we have explained every aspect of the data science field from salary, and career scope to eligibility and syllabus. First, let’s start with a little introduction to an online MBA in data science.

A Glimpse of Online MBA in Data Science

An MBA in Data Science is a two-year professional degree delivered online. The base of this programme is general management concepts which are then streamlined into the core of data science and analytics. Broadly, you will study topics like accounting & finance, quantitative techniques, data wrangling and exploratory data analysis, SQL, data visualisation, entrepreneurship and other related topics.

The online format requires you to attend online sessions, virtual labs, project work and assignments. Data science graduates can work as computer system analysts, software developers, statisticians, etc. Being one of the fastest-growing fields, this sector stores huge potential. The online learning format makes it easier to upskill and develop advanced skills.

Highlights of Online MBA in Data Science

Course Name  MBA in Data Science 
Course Duration  2 years 
Eligibility  Must have completed a bachelor’s degree with 50% aggregate from a recognised university 
Course Fees INR 1,00,000 to 4,00,000 
Average Salary  INR 12,00,000 (may vary for every individual)

How is Data Science Different from Business Analytics?

Data Analytics  Data Science 
Basic programming skills are required  Must possess in-depth knowledge of programming 
Python and R languages are essential for data analytics  The most commonly used language is Python along with C++, Java, Perl, etc. 
It does not apply machine-learning algorithms for data insights  Machine learning algorithms are used to get data insights 
Data analysis gets the best out of existing resources It deals with identifying innovations and explorations of useful trends in the market
There is minimal or no use of statistical skills in data analytics  Knowledge and skills in statistics are necessary  
Deals with structured data  Mostly deals with unstructured data 

Eligibility of Online MBA in Data Science

To apply to this programme, you must fulfil the following eligibility criteria:

  • Must have passed a bachelor’s programme of three years duration from a UGC-recognised university in any stream

  • A minimum of 50% marks is required in undergraduate

  • Reserved category candidates get 5% relaxation in minimum marks

  • Final-year students who are awaiting results can also apply

Syllabus of Online MBA in Data Science

Semester 1 Semester 2
Managerial Economics  Legal Aspects of Business 
Statistics for Management  Business Research Methods 
Professional Communication  Financial Management 
Accounting for Manager  Human Resource Management 
Marketing Management  Conflict Resolution and Management 

 

Semester 3 Semester 4 
Analytics for Decision-Making  Advance Deep Learning 
Data Engineering  Supervises and Unsupervised 
Introduction to Data Science  Project Work 
Data Visualisation and EDA

Skills Required for Data Science

To become a proficient data science professional, focus on developing the following skills:

  • Strong knowledge of statistics

  • Understanding of the various aspects of computer science

  • Working knowledge of machine learning

  • Proficiency in deep learning

  • Coding skills

Top Colleges Offering Online MBA in Data Science

Here is the list of online MBA in Data Science courses in India:

Institution Name  Fee Structure 
Manipal Academy of Higher Education  INR 70,000 (per semester)
Lovely Professional University  INR 1,62,800 (full course)
Shiv Nadar Deemed to be University  INR 5,00,000 (full course)
Amity University  INR 1,95,000 (full course)
Jain University  INR 60,000 (per semester)
Shoolini University  INR 37,500 (per semester) 
DY Patil University  INR 42,500 (per semester)

Also Read: Top 10 Online MBA Colleges in India

Career Prospects and Scope After Online MBA in Data Science

Scope of Data Science

As per an article by Business Standard, data science education in India is projected to rise above $1.391 billion by 2028. The shift to data-driven decision-making across various industries is the cause of the growth of this sector. As India is positioned as the global powerhouse for data analytics, there is a pool of career opportunities you can pursue. Major recruiters in this domain are Amazon, AWS, Bain and Company, Deloitte, EY, and Google, among others. A data science professional with an MBA degree can earn up to INR 6.5 lakh to 35 lakh depending upon their experience and skillset.

Job Opportunities and Salary After Online MBA in Data Science

Job Roles  Average Salary 
Data Analyst  INR 6.4 LPA
Data Engineer  INR 10.7 LPA
Data Scientist  INR 14.4 LPA
Research Analyst  INR 4.8 LPA
Machine Learning Engineer  INR 10.1 LPA
Assistant Professor  INR 5.5 LPA
Data Science Consultant  INR 18.7 LPA
Operations Engineer INR 5.5 LPA
Technology Consultant  INR 14.5 LPA

Areas of Recruitment for Data Science Graduates

A data science graduate can work in diverse industries such as:

Information Technology Social Media Marketing
Healthcare Sector Remote Monitoring
Banking and Financial Services Drug Development, etc
E-Commerce Sector

Top Recruiters for Data Science Graduates

MuSigma EY
IBM Accenture
Flipkart Fractal Analytics
Amazon JP Morgan Chase
Deloitte

Bottom Line

The data science field offers high salaries and career opportunities in diverse sectors. Whether you are switching careers or upskilling, an online MBA in data science is worth the investment. As the world is getting digital, the true potential of data science is yet to be discovered. When that time comes, you should be prepared for it. Therefore, pull up your socks and start your MBA journey today.

FAQs

Q1. Is it worth doing an MBA in data science?

Data science is a growing industry that has witnessed a huge surge in jobs and market expansion. Pursuing an MBA in data science is definitely worth the time and money.

Q2. What is the cost of an online MBA in data science?

The tuition fee for this MBA specialisation ranges between INR 1,00,000 to 4,00,000. Apart from this, there may be one-time charges like admission fees, alumni fees, etc.

Q3. What is the salary for an MBA in data science?

The average salary of an MBA graduate in data science is INR 12,00,000 which may differ as per your skill set and past experience.

Q4. Who is eligible for an MBA in data science?

The basic eligibility for an MBA in data science is a bachelor’s degree with 50% marks. Academic background in maths, statistics, and computer science is preferred.

Q5. How long does an Online MBA in Data Science take to complete?

Usually, it takes 2 years to complete an online MBA in Data Science degree.

Q6. What career opportunities are available after completing an Online MBA in Data Science?

After this degree, you can work as a Data Engineer, Business Intelligence Analyst, Big Data Engineer, and Machine Engineer among other job roles.

Q7. What are the top universities offering an Online MBA in data science?

Amity University, Manipal University, Jain University, and Shiv Nadar University are among the top universities offering an online MBA in data science.


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