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Elina
26 June, 2024
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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.
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.
| 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) |
| 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 |
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
| 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 |
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
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
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 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 |
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 |
| MuSigma | EY |
| IBM | Accenture |
| Flipkart | Fractal Analytics |
| Amazon | JP Morgan Chase |
| Deloitte |
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.
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.
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.
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.
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.
Usually, it takes 2 years to complete an online MBA in Data Science degree.
After this degree, you can work as a Data Engineer, Business Intelligence Analyst, Big Data Engineer, and Machine Engineer among other job roles.
Amity University, Manipal University, Jain University, and Shiv Nadar University are among the top universities offering an online MBA in data science.
