Data and trends are the keys to any business. Which makes their study more crucial for running a successful business. Such data interpretation requires the study of business analytics. Thus, the MBA in business analytics came into existence. Various dimensions of Business Analytics include data governance, exploratory data analysis, pattern recognition, problem-solving, solution deployment, and ultimately value creation for all the stakeholders.
What is MBA in business analytics?
An MBA in business marketing is a program that includes the study of data interpretation, its impact on the business, and the ongoing trend of the business. It includes the study of tools such as the waterfall model, SWOT, BPM, etc for understanding the basics of the business. This course also includes the study of the fundamentals of business, management skills, and technical know-how. As per the survey, a degree in Business analytics will give you a dearth of knowledge of the subject and let you get the job for the same.
MBA in Business Analytics course highlights
The course of the MBA in business analytics includes the study of the following topics:
- Database management
- Social media analytics
- Data mining for business analytics
- Data science in markets
- Marketing Analytics
- Regression analysis
these topics align with the other subjects of management such as Managerial Economics, Organisation behavior, Statistics, operation research, Basics of human resources, marketing, strategy, etc.
The full-time MBA in business analytics is a two-year program whereas the online MBA program is 15 to 18 months offered by some of the prominent universities in India. The online course or distance learning program for MBA is designed especially for working professionals to enhance their business skills.
The minimum eligibility required to get admission in the MBA program is a bachelor’s degree with 50% minimum marks. Moreover, for the executive MBA program, you must have at least 2 years of working experience after graduation.
Apart from this, the candidates are required to pass one of the following aptitude tests: CAT/XAT/GMAT/MAT and NMAT. Some of the institutes also conduct their own exam for admission to the course.
For online admission, one must fill out the application form from the official website while following the instructions. Once the application form is submitted with the required document, it will be verified by the institute. After this, the deserving candidates undergo interview process and group discussion. Based on the performance the final selection will be done.
Fee for the MBA in Business analytics course
The course fee for the program lies between 5 lakh to 15 lakh.
Scope of MBA in business analytics
Data interpretation is an important part of the decision-making process. Middle-level and senior-level managers use such data to find the status of the health of the company. Here, the business analyst finds its role. An MBA in business analysis is trained to study such data interpretations and come out with the appropriate result for the business. Moreover, the MBA in business analysis finds out the following role in organizations:
- Business Analyst
- Marketing Consultant
- senior business associate
- Big data analyst
- Senior data scientist
- Predictive modeler
- Marketing Manager
- Supply chain Analyst
- Technical team lead
Top colleges in India offering MBA in business Analysis
IIMB offers a long-duration certificate program in Online mode for working professionals. IIMB is one of the prestigious B-schools in India. The business analytics and intelligence certificate program will prepare the participants with analytical tools and help them for corporate roles in analytics-based consulting in marketing, operations, supply chain management, finance, insurance, and general management in various industries. After the course completion, they were awarded a part-time certificate program by the institute.
The duration of the course is between 9 to12 months.
The certificate program in business analytics and AI fee is ₹ 7,75,000. The fee for the certificate program in data science and AI is ₹ 6,25,000.
Mode of classes
The classes are online and live sessions streaming via the internet. Such classes are interactive and help learners to get direct interaction with peers and faculty.
How to apply
For application, the candidates need to register themselves for the course on the official website. Then, review of the application by the authorities is done by the institute before admission. The institute informs the candidate by email or by message.
XLRI Institue of Management, Jamshedpur
XLRI, the oldest B-school in India. XLRI’s Post Graduate Certificate in Business Analytics is a 1-year program. It provides the perfect base for professionals to master the art of analytics. The main focus of the program is on the application of statistics, computer programming, and operations research to achieve the required outcome. The course of the certificate program includes data science, regression techniques, forecasting, data mining, and so on.
The duration of the course is 12 months.
The total course fee is Rs. 3,00,000/- (tax applicable) which is payable in seven installments.
Mode of learning
The primary mode of teaching is via online live lectures. Apart from this, the students can access the Cloud Campus through which students may access other learning aids, reference materials, project assignments, and a lot more. During the course, students are able to contact the faculty for any queries offline or by the cloud campus.
How to apply
The eligible candidates can apply online via the official website. For admission, one must graduate with a minimum of 5 years of work experience. The shortlisting by the institute after the verification for the application and a short interview. XAT exam candidates are eligible to apply.
NGA-SCE (NMIMS Global Access School for continuing education) is among the top B-schools offering distance MBA program. The Institute offers MBA (X) in business analytics for working professionals. The course deals with the study of the business foundation, analytic techniques, and analytic foundation exposure. Moreover, it also includes the real-time study with the capstone project. In-depth exposure to analytical tools – Python, Tableau, Excel.
The institute offers the course in six terms within a span of 15 months.
The course fee is 4,00,000/- INR. The institute also offers loan facilities and EMI to the candidates on demand.
Mode of learning
The online lectures are scheduled by the NMIMS faculty and industry practitioners. Guest lecturers from the industry are invited. Learning is through case studies, real-time situations by simulation, lectures, assignments, etc.
How to apply
The application starts with the submission of the Online form along with the application fees. Upload all the relevant documents as per the requirement of the course. The candidates are required to undergo the entrance exam (including Verbal Ability, Logical Reasoning/ Data Interpretation, and Quantitative Skills.) before admission.
After passing the exam and verification the admission is confirmed. A person who is graduated with a minimum of 3 years of work experience can apply for the MBA (X) in business analytics program.
Institute of Management, NIRMA University, Gujarat
The institute of management, Nirma University, starts offering Executive Diploma in Management Programmes (EDP) in 1999 to fulfill the needs of the working executives, managers, and entrepreneurs. It offers programs in the following specializations: business analytics, Human resource management, marketing management, and operation management. The main objective of the program is to gain in-depth knowledge of business analytics and apply the same in real-time.
The duration of the course is 10 months as the classes run every Sunday. Fourth Sunday is off.
The fee for the EDP program is ₹46,000. The fee is payable in two installments of ₹ 23,000 each. The other facility charges are as follows ( at the time of admission): admission fee (₹ 5,500), library deposit (₹ 4,000) and other deposit, registration fee, and eligibility fee (₹ 1000/- each).
Mode of learning
The online classes are there every Sunday. Timing of the class is from 9.00 AM to 5 .00 PM. The pedagogy consists of lectures and discussions, case analyses, simulation exercises, assignments, projects, etc. The smart classrooms are equipped with audio-visual aids. Students are encouraged to use the library that subscribes to 14 databases and around 10,000 E-journals through databases such as EBSCOs, Business Source Complete, Academic Search Elite, JSTOR, etc.
How to apply
A three-year graduation degree in any discipline recognized by Nirma University is eligible. Two years of work experience are required to apply for the EDP course. The admission will be offered based on the candidate’s performance in a personal interview, work experience, and past academic achievements. Candidates can apply online at https://management.nirmauni.ac.in.
Amity University, Noida
Amity online is the only university in India ranked by QS Globally. The MBA in Business analytics is a cutting-edge Analytics program that helps in the use of statistical methods and data visualization tools for managing dynamic data. Identify how to derive meaning from Big Data. Along with this, the participant will learn to make use of software packages like R, Python, Excel, Tableau, MySQL, and Power BI.
The course duration is 2 years. It consists of four semesters and the last two semester deals with the in-depth study of business analytics.
The total fee for the course is 2,55,000/- INR. A semester-wise payment option is also available at @70,000/semseter. EMI plans are also available with zero interest rates.
Mode of classes
Online study material is available with video lectures. The expert faculty is always there to answer the queries of the participants. Moreover, Instructor-led practice sessions for prevalent Tools and Languages are covered. Apart from this the case studies, assignments, capstone projects, and quizzes are also there.
How to apply
A candidate who has completed graduation or is in the final year can apply online. Visit the official page for application: https://amityonline.com/.
Jain University, Bangalore
Jain University online is #6 Among Private universities in India. It offers an online MBA in business analytics. The elective offered is Elective in Web & Social Media Analytics & E-commerce, and Growth Marketing. In this course, the candidate will learn about Entrepreneurship, Business Analytics, Digital Marketing, Web & Social Media Analytics, AI for Business, and Growth Marketing.
The course duration is 2 years consisting of 4 semesters.
The total fee for the course is ₹ 2,00,000.
Mode of learning
The classes are live online sessions in which direct contact with peers and faculty takes place. Proper guidance from the experienced is always there to help the learner throughout the course. Moreover, placement assistance is also provided by the institute.
How to apply
A bachelor’s degree holder can easily apply for the course while visiting the official website: https://www.jain-online.com/.
International School of Business Management, Bangalore
ISBR, Bangalore is among the top colleges in India offering MBA in business analytics.
Is pursuing MBA in business analytics worthy?
Since the MBA in business analytics requires high investment, the investment in such a prospect is worth it. After pursuing the degree the participant can apply for a no. of jobs especially meant for data analysis in any industry. Some colleges offer placement assistance to the distance learner also. The business analyst works on the future aspects of the business and hence is worth in every organization.
However, business analysts are in demand in the government sector too. Different departments in the government use their predictions to make informed decisions. Public sector companies hire data analysts and scientists, data mining experts, and qualitative analysts.
The topmost companies hiring the business analyst are:
- JP Morgan
- Aditya Birla
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