MBA Business Analytics or Master of Business Administration in Business Analytics is a post-graduate management degree course which has a total duration of 2 years. The minimum eligibility criteria required to pursue this course is that students must pursue a bachelor’s degree from a recognized university with a minimum aggregate of 50% or above or an equivalent CGPA from a recognised university.
MBA Business Analytics Admission across top MBA Business Analytics Colleges like IIMB, IIMC and NIMS is done through various management entrance exams. Students who clear the cut off in the entrance exam go further with the selection process. The entrance exam varies from institute to institute. However, CAT is one of those exams accepted widely in all the colleges. Some more popular management entrance exams include MAT, XAT, GMAT and CMAT.
After the completion of the course, students can apply for positions such as Data Analysts, Statistician, Data Scientist, Predictive Modeller and Quantitative Analyst. The average salary of these professionals ranges from INR 10 LPA – 18 LPA. Some of the top companies that hire MBA in Business Analytics freshers are HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP and Indusind Bank. Several colleges offer short-term programs as well such as the SP Jain’s Executive Program in Business Analytics & Data Science course, that students can take up whose duration is for 9 months.
| MBA Business Analytics Admission | IIMB, Bangalore, Admission | Great Lakes Institute of Management, Chennai Admission |
Table of Content
2.1 Why Study?
3.1 Eligibility
3.2 Entrance Exams
3.3 How to get admission in a good MBA Business Analytics college?
7.1 Future Scope
MBA Business Analytics: Course Details
| Duration | 2 years |
| Eligibility | Graduation with minimum 50% from a recognized university. |
| Admission Process | Management Entrance Exams followed by GD / PI rounds |
| Course Fee | INR 6,00,000 – 12,00,000 |
| Average Salary | INR 10 LPA – 17 LPA |
| Top Recruiting Companies | HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP and Indusind Bank |
| Job Positions | Data Scientist, Statistician, Predictive Modeller, Quantitative Analyst, Project Manager and Market Research Analyst |
MBA Business Analytics: What is it about?
As already discussed, MBA in Business Analytics is a 2 year postgraduate management degree course that discusses the basics of Financial Management, Financial Accounting, Operations Management, and other related subjects. Some of the other crucial points about an MBA in Business Analytics as a whole are listed below.
- MBA Business Analytics is a methodical exploration of businesses or organizations of the data.
- It uses statistical analysis and helps give insights into their performance and helps companies improve and profit using previous data.
- The course comprises computer simulation, optimization, statistics, decision analysis and artificial intelligence
- The course consists of two fields of practice, one is Business Intelligence and another one is Advanced Analytics .
Know More About Business Analytics Courses
Business Intelligence practices includes:
- Querying
- Reporting
- Online analytical processing
Advanced Analytics practices includes:
- Cluster analysis
- Data mining
- Simulation Algorithms
- The main component of MBA Business Analytics is the descriptive, predictive and prescriptive analysis that provides real time solutions to company related problems.
Why Study MBA Business Analytics Course?
Some of the key reasons as to why should one pursue an MBA in Business Analytics are listed below for your reference.
- MBA Business Analytics offers skills and knowledge based on analytics, applied and theoretical statistics are gained for job opportunities.
- Business Analytics has relevance in every industry like Marketing, Finance, Consultancy and Intelligence
- It offers a wide range of career options including Data Analyst, Data Scientist, Technical Team Leader, Data Mining Expert, and Qualitative Analyst.
- Fresh graduates after completing this course are hired by top companies such as Microsoft, Infosys, Wipro, Google Tata Group, Facebook and Linkedin
- The average salary packages offered after completing the course usually ranges from INR 10 LPA – 17 LPA after gaining relevant years of experience.
- Also the fact that the course comes with a deeper understanding of customer behavior, and provides on-demand business metrics reports to the companies it is one of the most indemand courses in recent times.
MBA Business Analytics: Admission Process
The admission process for most of the top universities like IIMC, IIMB and NIT Trichy is offered through entrance exams. The exams accepted vary depending on the university. Some of the popular entrance exams are CAT, MAT, CMAT and GMAT. Below mentioned are the key steps of MBA Business Analytics Admission:
- Step 1: Along with having completed graduation, applicants are required to clear an entrance exam. Apply for the entrance exams accepted by the colleges you wish to apply for.
- Step 2: Appear for the entrance examination.
- Step 3: Colleges’ shortlist applicants on the basis of the scores and cut off lists are prepared. You need to clear the cut off to be able to proceed further with the admission process.
- Step 4: Once you are done clearing the exam, be prepared for a group discussion, interview, or written ability test. These are conducted to further check the skills of the students.
- Step 5: After getting through the entire admission process, you can enroll yourself in the respective college. Enrollment in the college is done after the verification of all the original academic and personal documents.
MBA Business Analytics: Eligibility Criteria
To be eligible to pursue MBA Business Analytics the students must complete the following conditions-
- Completed Bachelor’s with a minimum 50% aggregate (45% for SC/ ST category) from a recognised university.
- Students who are waiting for their final results or are giving their final examination can also apply.
MBA Business Analytics: Entrance Exams
As already discussed, entrance exams are the only way how admissions to MBA in Business Analytics are done. With a array of management entrance exams, one can choose which one they would like to take up and prepare for the same. Though CAT is the only entrance exam that is credible for almost all MBA degrees, however, other entrance exams such as XAT, SNAP and CMAT can also be chosen from.
Listed below are some of the top entrance exams that can be cleared in order to pursue MBA in Business Analytics for your reference.
- CAT: It is the Common Aptitude Test which is conducted online. It is accepted by most Business Colleges including IITs, IIMs among others.
- MAT: The Management Aptitude Test is conducted 4 times a year. It can be given in both online and offline modes. Some of the colleges accepting it are NSHM Knowledge Campus, PIET etc.
- NMAT: NMAT is conducted by the Graduate Management Aptitude Council. It is an online exam taken over a 75-day period from October to December.
- CMAT: The Common Management Admission Test is a 3 hour online-based exam conducted by The National Testing Agency. It is accepted by colleges such as Great Lakes Institute, IIMR Indore etc.
- XAT: It is conducted by XLRI Jamshedpur on behalf of XAMI for more than 60 years now. It is a national level aptitude test
| Entrance Exam | Registration Deadlines | Exam Dates |
|---|---|---|
| ATMA | November 29, 2023 – February 11, 2024 | February 18, 2024 |
| CAT | August 3 – September 21, 2023 | November 26, 2023 |
| CMAT | 2nd week of March 2024 (Onwards) | 1st week of May, 2024 |
| NMAT | January 05 – January 10, 2024 | January 11 – January 15, 2024 |
| SNAP | August 23 – November 23, 2023 |
Test 1: December 10, 2023 Test 2: December 17, 2023 Test 3: December 22, 2023 |
| XAT | July 15 – November 30, 2023 | January 7, 2024 |
How to Prepare for MBA Business Analytics Entrance Exams?
In order to clear tough entrances like CAT, MAT, XAT, NMAT, here are a few preparation tips for you-
- Identify the entrance exam you want to apply for and note all the syllabus down.
- Start preparing as soon as possible for better results. Do not wait till the end to cover the syllabus.
- Give as many mock tests as you can to get a better understanding of the entrance exam paper and the pattern it follows.
- Highlight the weak and strong areas. Focus more on the weaker areas, so as to not lose marks while attempting them.
- If the exam is near, leave out the untouched syllabus and focus on strengthening all that you already know.
- Follow a proper time-table in order to be on the track.
How to Secure Admission in a Good MBA Business Analytics College?
Following are the tips that candidates can follow to secure an admission across a good MBA Business Analytics college in India:
- Make sure to have secured a good percentage in the bachelor’s degree.
- Prepare for the syllabus that is marked up for the exams. Take the help of recommended books, previous papers and mock tests.
- Try hard to crack the entrances with the needed cutt-offs.
- Even after making the cut off, one must be mentally prepared for further rounds, that is, personal interviews and group discussion.
- Keep the exam dates noted such as the registration, getting the admit card, the day of the exam.
- Remain devoted to your goals and try to know the current happenings in the world.
MBA Business Analytics Colleges
Tabulated below are some of the top MBA Business Analytics Colleges in India with their average fees, salary, and location.
| College Name | Location | Average Annual Fees (INR) |
|---|---|---|
| Indian Institute Of Management - [IIM-B] | Bangalore | 23,15,000 |
| Indian Institute Of Management - [IIM-C] | Kolkata | 2,70,000 |
| NIT Trichy | Tiruchirappalli | 14,01,520 |
| Great Lakes Institute of Management | Chennai | 16,00,000 |
| Narsee Monjee Institute of Management Studies | Mumbai | 8,50,000 |
| Institute of Management, Christ University | Bangalore | 3,79,000 |
| Universal Business School | Karjat | 15, 72,805 |
| Lovely Professional University | Jalandhar | 3,04,000 |
| Pune Institute of Business Management | Pune | 7,95,000 |
| Institute of Management, Nirma University | Ahmedabad | 502,000 |
College Comparison
The table drawn below is the comparison between some of the best MBA Business Analytics Colleges in India based on a few parameters like the NIRF rankings, fees, and salary.
| Parameters | NIT Trichy | Great Lakes Institute of Management | Narsee Monjee Institute of Management Studies |
|---|---|---|---|
| Overview | NIT Trichy is one of the 31 National Institutes of Technology in India. It offers 10 undergraduate and 28 graduate programs. | Great Lakes Institute of Management is ranked among the most innovative B-schools in business for the future. It offers 2 full-time and 4 corporate programs in business. | NMIMS offers courses in B.Tech, M.Tech, MBA, BBA. It also offers them in the form of diplomas, PhD and PG Diploma. |
| Location | Tiruchirappalli | Chennai | Mumbai |
| NIRF Ranking | 17 | 18 | 20 |
| Average Fees | INR 14,01,520 | INR 21,50,000 | INR 8,50,000 |
| Average Placement | INR 15 LPA – 18 LPA | INR 14 LPA – 20 LPA | INR 15 LPA – 17LPA |
| Top Recruiting Companies | Cognizant, Amazon, Google, Intel, Microsoft, Cisco, Oracle, L&T | BFSI, IT/ITES, and Tech Consulting, Accenture Strategy & Technology, HCL, Deloitte US & India and ZS Associates | ICICI Bank, Honeywell, L&T Infotech, Kotak Mahindra Bank, Aditya Birla Capital, HDFC bank, Cognizant, Max Life Insurance, OYO |
Source: University Websites and Payscale
MBA Business Analytics Syllabus
The 2-year 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.
A semester-wise detailed MBA Business Analytics Syllabus is given below:
| 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 Modeling |
| Statistical Analysis | Business Intelligence |
| Data Modeling | Research Methods |
| Computational Methods | Managerial Communication |
| Semester 3 | Semester 4 |
| Predictive Analytics | Strategic Management |
| Risk Management | Operations and Supply Chain Analytics |
| Marketing Analysis | HR Analytics |
| Data Mining | Big Data Analytics |
| Simulation Modeling | Ethical and Legal Aspects of Analytics |
| Analytics Systems Analysis & Design | Project Management |
| Industry Internship Programme | Professional Development |
| - | Elective Paper |
| - | Analytics Capstone Project |
Course Comparison
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 a minimum of 50% from a recognized university. | Bachelor degree from a recognized college. |
| Admission | Entrance-based | Merit + Entrance Exams |
| Average Annual Fee | INR 8,00,000 – 15,00,000 | INR 5,00,000 – 10,00,000 |
| Average Salary | INR 8 LPA – 16 LPA | INR 6 LPA – 12 LPA |
| Colleges | NIT Trichy, Lovely Professional University, Amity University, IFMR Graduate School of Business | Chennai Mathematical Institute, Christ University - Bangalore, VIT Vellore, and Fergusson College Pune |
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 (INR) |
|---|---|---|
| Data Scientist | Utilise the analytical, statistical and data niche to collect, organise and solve complex problems of businesses | 27 LPA |
| Statistician | Use theoretical or applied statistics to collect, organise, summarise data to give useful information | 20 LPA |
| Market Research Analyst | Their aim is to help a company’s profits grow by using what data is available. | 12 LPA |
| Quantitative Analyst | Strategize to help maximise the efficiency of trade stocks | 12 LPA |
| Project Manager | They help manage projects and project objectives including budgets, costs, goals etc. | 10 LPA |
| Data Mining Expert | These experts are responsible building, deploying and maintaining data support tools, and database file/ table creation | 8 LPA |
| Business Analyst | They examine data and documents to understand consumer needs or to fulfil internal needs of the organisation. They make complex data comprehensible. | 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 2023, 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.
MBA Business Analytics: FAQs
Ques. What can you do after an MBA Business Analytics?
Ans. After the completion of the degree, you can apply for job opportunities as a data analyst, project manager, market research manager, project modeller, data scientist etc.
Ques. Which is better an MBA or MS in Business Analytics?
Ans. An MBA in Business Analytics will give you a wider set of future opportunities while an MS in Business analytics will help score jobs in the data science sector.
Ques. Does MBA Business Analytics include coding/ programming?
Ans. MBA Business analysts deal with work in the IT sector but they do not need to know coding nor do they require it.
Ques. Is an MBA in Business Analytics worth pursuing?
Ans. This specialization in MBA is worth it as it provides skill and knowledge in using data, analytics and statistics.
Ques. Which are some of the best colleges for MBA Business Analytics?
Ans. Some of the top colleges for MBA in Business Analytics are-
- Lovely Professional University
- Great Lakes Institute of Management
- NIT Trichy
Ques. Which entrance exam is the best to get into the MBA program of Business Analytics?
Ans. The entrance exam required by each university or college varies based on individual preference. Students should give the exam based on the university or college they wish to apply to. Some of the most common exams are CAT, NMAT, MAT among others.
Ques. Can you apply for this program without an entrance exam?
Ans. No, most universities do require the minimum cut off in the entrance exam of their choice to be applicable for admission to the MBA Business Analytics program.
Ques. Which companies can you apply to after an MBA in Business Analytics?
Ans. Some of the top companies which hire students with this qualification are Google, Amazon, HP, Motorola, Godrej, HCL etc.
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