The 2 years course is divided into 4 semesters. The syllabus consists of various MBA Business Analytics subjects like Statistical Analysis, Business Intelligence, etc.
Throughout the entire course duration, students need several industry visits as well. MBA Business Analytics Syllabus is a mixture of both theoretical and practical approaches to study.
The following table holds the comparison made between MBA Business Analytics vs MS in Business Analytics on major parameters:
Parameters
MBA Business Analytics
MS in Business Analytics
Qualification
Master of Business Administration in Business Analytics
Master of Business Administration in Finance
Course Overview
The field focuses on technical and business domains which aim to deal with technology and data driven environments. It follows a business and industry approach of study.
The field deals with management and business subjects as well as provides training in financial management.
Eligibility
Graduation with minimum 50% from a recognized university.
Bachelor degree from a recognized college.
Admission
Entrance-based
Merit + Entrance Exams
Average Annual Fee
INR 5- 15 LPA
INR 5-10 lakhs
Average Salary
INR 8- 16 LPA
INR 6- 12 LPA
Colleges
NIT Trichy, Lovely Professional University, Amity University, IFMR Graduate School of Business
Chennai Mathematical Institute , Christ University - Bangalore, VIT Vellore, Fergusson College Pune, etc
Source: University Websites and Payscale
MBA Business Analytics Jobs and Career Options
Successful postgraduates can secure jobs as Business Analyst,, Business Analyst Project Manager, Data Analyst, Business Intelligence Expert, and Data Mining Expert, etc.
Industries such as Financial Services, Retail, Manufacturing, Healthcare, Oil and Gas, Social Media, Gaming, will also offer employment to candidates.
Some of the well-known employers are Accenture, HP, IBM, Cognizant, Tata Consultancy Services, American Express, and so on
The following table gives a list of the MBA Business Analytics jobs and their average salary offered in MBA Business Analytics
Job Profile
Job Description
Average Salary in INR
Data Scientist
Utilise the analytical, statistical and data niche to collect, organise and solve complex problems of businesses
15 LPA
Statistician
Use theoretical or applied statistics to collect, organise, summarise data to give useful information
10 LPA
Market Research Analyst
Their aim is to help a company’s profits grow by using what data is available.
8 LPA
Quantitative Analyst
Strategize to help maximise the efficiency of trade stocks
9 LPA
Project Manager
They help manage projects and project objectives including budgets, costs, goals etc.
12 LPA
Data Mining Expert
These experts are responsible building, deploying and maintaining data support tools, and database file/ table creation
6 LPA
Business Analyst
They examine data and documents to understand consumer needs or to fulfil internal needs of the organisation. They make complex data comprehendible.
11 LPA
Source: Payscale
MBA Business Analytics Scope
The world of Business Analytics usually revolves around ‘Big Data’ and pursuing a career in this field can offer you a number of opportunities. It is predicted that by the end of year 2022, 40 Zettabytes of data will be in existence leading to a shot in career opportunities for both Business analysts and Data Scientists. MBA Business Analytics might take your career to:
Descriptive Analysis: In the descriptive analysis, you would be assigned to get a thorough insight into ways to apply data to understand and find solutions to past and future business situations.
Predictive Analysis: The predictive analysis involves the analysis of the business performance of your organization in the past.
Prescriptive Analysis: Here, you explore and sort out optimization procedures to ensure stronger productivity and other factors. This leads to better returns for the company.
After having an MBA Business Analytics degree, a student can go for higher studies as well. They can pursue M.Phil or Ph.D courses in management to not only get a better grip over the subject, but also for ample research opportunities.
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About the Author
Apeksha Patil Joined: September 5th, 2022 Articles Posted: 24
