MBA in Business Analytics - Admission Process, Fees, Entrances, Syllabus, Top Colleges & Career Scope

What Is MBA In Business Analytics?

An MBA in Business Analytics is a specialized business management program that combines conventional programs with data decision-making. It prepares executives to work on huge datasets, carving out superficial insights, and analytics-enabled applications to address real-world business issues.  

An MBA in Business Analytics would train individuals for roles such as Business Analyst, Data Scientist, Marketing Analyst, and Business Intelligence Manager-within the key domains of finance, healthcare, e-commerce, retail, and technology. As more attention is given to the quality of data-driven decisions, MBA in Business Analytics shapes real outstanding capabilities to professionals that matter in driving the businesses of nowdays with data-supported decisions that innovate and propel the business into a very efficient future. This course is for those who want to mix business sense with technical capabilities to deliver exceptional business solutions. With this career specialization in demand, the professionals and the aspirants can get hands-on experience with the required business analytics tools for this industry.

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MBA In Business Analytics: Main Highlights

Given the high demand for MBA in Business Analytics, it's advisable to gain insights into this field before selecting it as a specialization. Understanding its features in advance can be highly beneficial. The following are important features of such an MBA that one needs to consider before opting to pursue an MBA in Business Analytics:

Note: The course fee and the average salary aforementioned are subject to change and may vary.

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Why Pursue MBA In Business Analytics?

An MBA in Business Analytics would serve as a launching pad for professionals who want to mix the great wisdom of business strategy with the foresight of data-based decision-making. Here are some compelling reasons for doing so, which go as follows:

The demand for business analytics professionals is typically very high now, and in a fast and competitive world, companies depend on data-driven insights to find solutions to their strategic problems. Business analytics professionals create a bridge between raw data and actionable business strategies. So, industries such as finance, healthcare, retail, and technology are under-resourced with enough analytics specialists. 

MBA in Business Analytics Scope

Below mentioned are some of the reasons one should pursue MBA in Business Analytics.

• Well-paying Career openings in Business Analytics: Roles in Business Analytics are generally high-paid jobs with great career advancement opportunities. The salary for analysts ranges from ₹6–18 LPA, which then inclines to ₹25–30 LPA for senior positions. Top hirers include Google, Amazon, Deloitte, McKinsey, and Tata Consultancy Services (TCS).
• A Competitive Advantage in the Job Market: The MBA in Business Analytics gives an individual an edge over normal MBA graduates. Companies prefer people who know how to derive meaning from data for business decision-making. 
• Entrepreneurship & Innovation: If you are planning to establish your own business, data analytics can help with that. Market trends and customer needs can be deciphered. Efficiencies in business processes can be developed. Financial forecasting and decision-making can also be improved.

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Admission Process For MBA In Business Analytics

The admission process for MBA in Business Analytics has a certain procedure to follow, which goes as follows: 

• Check Eligibility:  Bachelor's degree-any discipline-with a minimum of 50% marks (45% for the reserved categories); Work experience is preferred but is not necessary. 
• Entrance Examinations: CAT, XAT, GMAT, GRE, NMAT, MAT, CMAT; SNAP, IIFT, TISS NET, etc.
• Shortlist Colleges & Apply: Check cutoff scores and ranking; Submit online applications with supporting documents. 
• Selection Rounds: Shortlisting based on cutoff after result announcements of the entrance exams. 
• Group Discussion (GD) or Written Ability Test (WAT) or Case Study: Personal Interview (PI) checking ability and communication high on analytical skills. 
• Final Admission Offer: Merit lists are based on exam merit, GD/PI performance, academics, and work experience. 
• Fee payment and admission confirmation: Once through with the admission process, make sure you complete the fee payment and receive a confirmation on the registered email ID.

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Admission Process For MBA In Rural Management

• Exams such as CAT, MAT, GMAT, XAT, SNAP, or university-specific exams are available.
• Some institutes may require work experience in rural development or related fields.
• Admissions depend on the combination of a group discussion and a personal interview following the entrance exam. The purpose of the GD/PI is to evaluate qualities in candidates beyond academic and exam scores.

MBA Rural Management Eligibility Criteria 

• Admission requires a bachelor's degree in any discipline. 
• The minimum 50% for the Bachelor's program should aid entrance.

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Detailed Syllabus Covered In MBA Business Analytics

The course subjects for MBA Business Analytics would vary according to colleges, but with some subjects common, it can also offer the entire 2-year duration. The semester-wise breakup for MBA Business Analytics is as stated below:

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MBA In Business Analytics: Top B-Schools, Salary Packages & Fee Structure

Regarding the prospects offered after the program, which is also an important consideration while selecting a good B school for pharma specialization, some of the leading B schools in India have been compared on the average, median, and highest CTC along with their respective fee structure in the table below. The MBA Business Analytics fee structure varies directly for institutes, but even among such diversities, ROI proves to be another important consideration. This comparison renders various insights to aspiring marketers with respect to their placement scenarios and costs of their programs as overleaf:

Note: We sourced the above data from the official websites of the mentioned B-schools. For further clarification on the average, median, and highest packages of these B-schools, consider visiting their official websites.

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Career Opportunities After MBA In Business Analytics

An MBA in Business  Analytics provides access to a diverse array of stimulating and profitable career opportunities in various sectors of the data analytics industry.  Here are some of the most sought-after options, which go as follows:

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Top B-Schools Offering MBA In Business Analytics

These are a few of the top Indian MBA B-schools that hold an MBA in Business Analytics from both the private and government sectors, covering the said area of specialization under Business Analytics, and a list of the top B-schools that must be considered while thinking of an MBA in Business Analytics:

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MBA In Business Analytics: Top Recruiters

Most MBA companies hiring for Business Analytics are usually multinationals that utilize data for the competitive edge that it grants them. Such companies seek data analytics professionals who can extract actionable insights from complex datasets and align analytics strategies with business objectives. Apart from business applications, these firms look for candidates who have statistical analysis, machine learning, big data tools, and business intelligence as their primary skill. Here is the table following the same, which goes as follows: