MBA Business Analytics

MBA in Business Analytics is a rising field and the skilled MBAs in Business Analytics are in high demand from Corporate sectors. Key programme details and its importance are shared below: 

• Business Analytics combines the fields of management, business and computer science to help businesses take data-driven decisions.
• The study of MBA in Business Analytics India uses advance statistical analysis that focuses on providing actionable recommendations.
• Business Analysts in this field focus on deriving insights from real business and consumer data
• The programme goal of the MBA in Business Analytics is to draw insights about why things happened, what will happen and what should be done
• Business analytics utilizes big data, statistical analysis, and data visualization to take better decisions and implement organization changes
• Business Analytics is being used in practically every industry particularly Banking & Financial Services, E-commerce and Retailing
• Proliferation of consumer and business data, generated by use of mobile technology, computing, sensors and other devices have led to explosion in this field

These programs range from being standalone to part-of-regular MBA program, from full-time to part-time and many other options. So, which is the right program for you, and what is the fee for each of these programs? Read this MBAUniverse.com article to find out all the answers. 

Types of MBA in Analytics colleges in India can be classified into six different categories, as below:

1. 2-Year Full Time Specialized MBA in Business Analytics by IIMs
2. 2-Year Full Time Specialized MBA in Business Analytics by Top Universities in India or MBA Equivalent PGDM in Business Analytics by AICTE approved B-Schools
3. 1-Year Full Time Specialized MBA or Post Graduate Certificate Program in Business Analytics by top B-schools
4. Executive (Part Time) On-Campus/Hybrid Specialized MBA/PGDM or Certificate Programs in Business Analytics by Top B-schools & Universities
5. MBA Specialization in Business Analytics offered within 2-year full time General MBA/PGDM Program
6. Executive (Part-time) Online Specialized MBA/PGDM or Certificate in Business Analytics

We will be discussing each of these types in detail below but before that let us know which are the Top MBA Colleges for MBA in Business Analytics in India 

If you are looking for top MBA colleges for MBA in Business Analytics India , below are the top management institutes:

It may be noted that the PGDBA at IIM Calcutta is a two-year full-time residential programme offered in collaboration with ISI Kolkata and IIT-Kharagpur.  

Apart from their general MBA programs, IIMs have launched 2 year full time specialized MBA programmes in Business Analytics. The list given below includes only those IIMs that offer exclusive and separate Business Analytics MBA courses like their flagship MBA programme instead of an elective or specialization 

Two-year Full-time on campus Specialized MBA or MBA equivalent PGDM in Business Analytics is offered by many top universities and AICTE approved B-schools in India. To cater to the rising demand of MBA Business Analytics, number of top University MBA Colleges and private PGDM colleges are now offering specialized MBA/PGDM in Business Analytics on the lines of their flagship MBA programme. Some of the top universities & PGDM colleges in Non-IIM category offering 2 year full time specialized MBA/PGDM are given below with the details of programme fee

Brief details of the programme offered by some of top MBA colleges are shared below:

Working Executives or freshers who find it difficult to join full time MBA programme either of one year or two year duration, can join the part time MBA programmes. For them B-schools offer part time on campus programmes in Business Analytics with week end classes, alternate week classes, month end classes or alternate month classes. Some of such top institutes offering the Executive part time on campus specialized MBA Business Analytics programme include:  

Many top MBA colleges including IIMs offer Business Analytics as one of the major specializations within their 2 year full time MBA programmes. Some of such Top MBA Colleges for MBA in Business Analytics in India are

For the candidates who wish to pursue MBA but cannot attend classes even in many months due to their nature of work, but they have the dream to pursue their MBA from a good institute, many top B-schools have started offering part time online education to fulfil their dream through distance learning. Some of such colleges who offer part time online specialized MBA in Business Analytics are given below:

Scope of MBA Business Analytics programme is widening and a student pursuing MBA in Business Analytics has high career prospects. A student of MBA in Business Analytics becomes a Business analyst who is capable to solve the various corporate organizational issues with his/her skills and data analytics tools. The companies hire the Business Analytics professionals to get the best suggestions and actions based on Business Data Analysis and scientifically arrived future predictions. With an aim to help shape the emerging profession of business analytics to the aspirants, the students become equipped to build a career in business analytics in top companies.

The careers in Business Analytics are rising year after year as the MBAs in Business Analytics are getting higher placements and are in high demand by the top recruiters, as the companies need these professionals who can use scientific analysis of Business data to make business decisions. The average salary offered to an MBA with Business Analytics is Rs 9LPA to 25LPA.

High placement opportunities are available to build your careers in Business Analytics, if you complete your MBA Business Analytics from one of the best colleges. Some of the top recruiters offering careers in Business Analytics include Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener among others.

Average remuneration in placements for the students with MBA in Business Analytics is rising consistently. Latest Placements in some of the top institutes offering MBA Business Analytics are given below:

IIM Bangalore, IIM Calcutta, IIM Kashipur, BITS Pilani, Great Lakes, LBSIM have more or less common courses and syllabus for MBA in Business Analytics. Following are the key topics & courses covered in the MBA Business Analytics:

The MBA Business Analytics courses for 1^st year students are similar to other MBA programmes. They are exposed to basic concepts in the areas of Marketing, Accounting, Finance, Organization Design, Human Resources Management, Decision Sciences, and Operations Management through Core courses, and Core Analytics courses such as Applied Probability and Statistical Models, Introduction to Computing, Time-Series and Forecasting Techniques, Machine Learning and Big Data Analytics.  

It is the second year in which the MBA in Business Analytics courses and syllabus get different. Following are the key topics covered in the courses and electives of MBA in Business Analytics Syllabus:

• Artificial Intelligence & Deep Learning
• Multivariate Data Analysis
• Optimization
• Business Analytics and Intelligence
• Business Forecasting
• Social Entrepreneurship
• Supply Chain Analytics
• Marketing Analytics
• Sports Analytics
• Social Media Analytics
• Model-Business Decision
• Infrastructure Development
• PPPs and Regulation
• Indian and International Perspectives
• Corporate Valuation
• Digital Marketing
• Research for Marketing Decisions
• Brand Management
• Entrepreneurship in Action
• Personal Values, Goals and Career Options
• Creating High Performance Organizations
• Supply Chain Management
• Technology and Operations Strategy
• Green Business Management
• Strategic Thinking and Decision Making
• Reinforcement Learning
• Current Economic Scenario - Indian Economy and Policy Matters for Business
• Global Securities Markets
• Corporate Governance

This completes our article on MBA in Business Analytics. We hope you found this article helpful. Check out more Specialized MBA Programs to help you decide the right program for you: