As this course will equip a student with a thorough understanding of data and data analytics tools, an MBA in Business Analytics is intended for those who want to pursue a career in the field of Data Analytics.
The Master of Business Administration (MBA), as the name suggests, is an academic course that deals with the administration of a business. It is one of the prestigious programs that most people seek out as a career option.
The majority of MBA aspirants still pursue MBA in other streams, such as MBA in finance, insurance, marketing, public relations, etc. A person can earn a master’s degree in business analytics, a relatively new field.
What is a business analytics MBA degree?
An MBA in Business Analytics is a degree program that aids students in learning about the data analytics aspect of a company. An individual can get a taste of both business knowledge and data analytics in this course.
In this blog, we’ll examine the various facets of this degree, including its subjects, curriculum, potential career paths, the application process, prerequisites, etc.
MBA Business Analytics: 2022 Eligibility Requirements
A candidate who is enthusiastic about applying for this course needs to have a technological aptitude, an interest in developing strategies, and an analytical mindset.
Following are the requirements for eligibility for the MBA in Business Analytics:
- a bachelor’s degree with a 50–55 percent (roughly) overall score from an accredited university
- Students who have taken their graduation final exams may also apply for this exam.
Admissions for the MBA in Business Analytics in 2022
The fundamental requirements for admission are that a person must take an entrance exam. Different universities use different exams to determine a candidate’s suitability, and the CAT and GMAT exams are the two most frequently used exams. The following are key steps in the admissions process:
- Register for the entrance test.
- Attempt the entrance test
- Prepare for the group discussion, individual interview, or written ability test after passing the entrance exam.
- Enroll in the college of your choice after you have successfully completed all the rounds.
Analysis of business data: 2022 salaries in India
An individual with an MBA in Business Analytics can expect to earn an average salary of INR 8–20 lakhs per year (approximately). Salary may vary based on skill set and educational institution.
Exams for the MBA in Business Analytics in 2022
The entrance exams for admission to MBA colleges are as follows: As was previously discussed, everyone who wants to pursue an MBA must take an entrance exam. If one passes an entrance exam, he is then eligible to sit in other rounds of selection.
- Common Entrance Exam (CAT)
- Test of Management Aptitude (MAT)
- Admission Test for Graduation Management (GMAT)
- Admission to Management Exam (CMAT)
2022 Curriculum & Subjects
The typical duration of an MBA in Business Analytics is two years. The following topics are covered over the course of four semesters in relation to data analytics and business management:
|Semester 1||Semester 2|
|Quantitative Methods||Financial Management|
|Managerial Economics||Operations Management|
|Management Information Systems||Human Resource Management|
|Financial Accounting||Financial Analytics|
|Marketing Management||Optimization Analytics|
|Organizational Behaviour||Stochastic Modelling|
|Statistical Analysis||Business Intelligence|
|Data Modelling||Research Methods|
|Computational Methods||Managerial Communication|
|Semester 3||Semester 4|
|Predictive Analytics||Strategic Management|
|Risk Management||Operations and Supply Chain Analytics HR Analytics|
|Marketing Analysis||Big Data Analytics|
|Data Mining||Ethical and Legal Aspects of Analytics|
|Simulation Modelling||Project Management|
|Analytics Systems Analysis & Design||Professional Development|
|Industry Internship Programe||Elective Paper|
|Analytics Capstone Project|
Career & Job Opportunities for MBAs in Business Analytics 2022
A business analytics MBA makes it possible to work in a variety of industries. After earning an MBA in Business Analytics, a person is qualified for a number of top management positions as well.
The following list of MBA Business Analytics job openings includes:
- Business Analytics Expert
- Senior Data Scientist Management
- Consultant Big Data Analyst
- Statistical Modeler
2022 Business Analytics Scope
Businesses rely on business analysts to interpret data and make decisions based on market conditions. Analyzing results and keeping track of performance is beneficial. Retail, IT, e-commerce, banking, and telecom are the industries that favor candidates with an analytical background.
Numerous top companies participate in the B-school placement rounds, demonstrating the effectiveness of this degree in moving up the corporate ladder. As a result, graduates from Indian business schools don’t necessarily have trouble getting good placements in multinational corporations.
The following list includes some of the top employers seeking candidates for MBAs in business analytics:
- Ernst & Young
- Goldman Sachs
- Phone Pe
- Larsen & turbo
- Aditya Birla
- JP Morgan
- Larsen & turbo
- Aditya Birla
Q: Why pursue a master’s degree in business analytics with an MBA?
A: Business analytics has a reputation for being a successful career path. An in-depth knowledge of the sector is successfully provided by an MBA in business analytics. This degree has led to employment in both public and private institutions, as well as respectable pay.
Q: Is an MBA in business analytics a simple program to enroll in?
A: A master’s programme offers specialised education. Students learn about a sophisticated aspect of data mining and data interpretation in this instance. The course will be interesting to anyone who has an interest in analysis and numbers.
Q: Would it be worthwhile to pursue an MBA in business analytics?
A: As was previously mentioned, an MBA in Business Analytics is a stepping stone to a successful corporate career and adds value to your resume.
Q: Who should enroll in the MBA in Business Analytics program?
A: This program is open to students who are interested in analysis and numbers.