MBA Business Analytics

MBA or Master of Business Administration in Business Analytics is a 2 years of regular course in the field of management. The program is pursued after the successful completion of the undergraduate degree. Management courses are highly popular and help to attain business ethics and etiquettes in various fields.

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Business Analytics is a new field in the world of management. As the term explains, it is about analysing the business insights. Business analytics uses the tools and techniques to bring efficiency, productivity and attain decision making outcomes. It also helps to perform better with the financial management. Business analytics is a way to predict the future outcomes with proper data and statistics.

There are 3 types of business analytics:

• Descriptive analysis (past analysis - what happened in previous years)
• Predictive analysis (future prediction - what will happen)
• Prescriptive analysis (what should happen in the future)

Business Analyst MBA has more importance with the increase in importance of data in almost every field. MBA helps you to gain a high level of management education while Business Analytics will add an advantage to boost your career into advancement. The combination of management and analytics has been proven a rewarding career.

• Excellent Communication Skills
• Teamwork and Team Building Skills
• Leadership
• Time Management
• Decision - making Skills
• Analytical Skills
• Technical Skills - SQL, R, Tableau, Excel etc.

• Global Career Opportunities
• Trending career field
• High ROI (Return on Investment)
• Exposure to Multinational Companies
• Fantastic Career Growth

MBA Regular or Full time is a regular program offered by most of the colleges and universities. The admission to MBA colleges is through an entrance exam followed by GDPI (Group Discussions and Personal Interview). 50% is the basic criteria required in the graduation degree. This program is for all those students who have completed their graduation course and wish to pursue higher education.

MBA Part-time, also called MBA Executive, is a program specially for working professionals. Those candidates who want to continue their job and pursue higher education together can opt for MBA Executive or MBA Part-time. The course duration depends on two factors - college and work experience. There are colleges who conduct classrooms during weekend days and few colleges conduct classes in the evening session.

MBA Distance and MBA Online both are the same. Only difference is that in the MBA distance program, the college or University sends the study material to the student's home. The exams are held within the student’s city at some exam centres. While MBA Online holds the class sessions through online platforms. Some institutions conduct the exams in online mode while some conduct at the city centres.

There is no such difference in the admission to any MBA programs. Most of the colleges allow admissions to their programs through entrance test scores. Students have to qualify the entrance exam acceptable by the shortlisted college and then appear for Group Discussions and Personal Interview round to qualify for final admission.

Step 1: Shortlist the colleges according to your preferences like budget, fee, location, specialisation offered, placement records, internship programs, value added certifications offered by colleges, affiliation and recognition of college etc.

Step 2: Check with the admission process and the entrance exam they accept.

Step 3: Apply for the entrance exam and wait for the admit card notification.

Step 4: Prepare for the exam as best as you can. Study from last year's question papers too.

Step 5: Appear for the exam and qualify with the best score.

Step 6: Wait for the Counselling round and apply accordingly.

Step 7: Appear for the GD & PI round. Wait for the final call letter.

Step 8: After getting selected, Pay your fee and get your seat confirmed.

The top colleges famous for management programs are IIMs. There are a total 20 IIMs in India at present. It included the baby IIMs too. IIMs offer PGP, EPG, PGPPM, MBA, EPGP   programs which are equivalent to a post graduate degree (or MBA). IIMs are the government owned institutions that come under the Ministry of Education.

Admissions to IIMs are purely through CAT examination held every year.

Some other common entrance tests conducted by various colleges are as follows:

• CAT (CAT stands for Common Admission Test)
• MAT (MAT stands for Management Aptitude test)
• XAT (XAT stands for Xavier Aptitude Test)
• SNAP (SNAP Stands for Symbiosis National Aptitude Test)
• NMAT (NMAT stands for NMIMS Management Aptitude Test)
• IBSAT ( IBSAT stands for ICFAI Business Studies Aptitude Test)
• ATMA (ATMA stands for AIMS Test for Management Admissions)
• MHT-CET (MHT-CET stands for Maharashtra Common Entrance Test) and many other entrance tests.

The syllabus for MBA in Business Analytics involves the following topics:

The top MBA Business Analytics colleges in India are:

* Approximate fee

MBA in Business Analytics offers a wide range of career opportunities from fresher level to manager level. Business analytics has become trending due to the rising demand for data and real statistics. Earlier, various research, presentations and meetings had to be done in order to analyse profits and losses in the businesses but now, it has become very fast and efficient to find results with the help of tools and techniques used in Business Analytics.

MBA in Business Analytics offers a promising future and is surely going to be more demanding in the coming years.

Sectors where MBA Business Analytics students gets opportunity to work:

• Information Technology (IT)
• Education
• Electronics company
• Architecture and Interior Designing Firms
• Consulting firms
• Public sector organisations
• Real Estate
• Automotive Industry
• Healthcare
• Gaming
• E-Commerce
• Product based companies and many more.

The salary of a Business Analytics manager or so is competitively higher due to its high demand. The gap between the demand of such experts and availability is huge. That is why the salary offered to the experts is attractive.

According to the Harvard Business review, Business analytic jobs are one of the attractive jobs in the present time.

IIM Bangalore offers an average annual salary of Rs. 22 - 25 LPA.

Below is a list of top recruiters for MBA in Business Analytics: