Top 8 Career Options After MBA in Data Science

Science is not always about experiments and theories. Often, it is about data. A world of numbers, patterns, and insights. Data has become an integral part of digital advertising. The world-leading companies like Google, Facebook, and Amazon rely on data-driven decisions to spend their ad money wisely.

There are many companies like Neural Edge and Adverio , who are using data science tricks to figure out the best ad prices. And it is not just about advertising. Almost every business is investing in data transformation initiatives.  The current job market is full of career opportunities which makes it an ideal time to pursue a career in Data Science. These examples shows why you should pursue a career in Data science.

There are many other options available out there but earning an MBA in Data Science can give your career a significant boost. You can enter managerial roles, or if you are interested in data science, you can pursue this course. In this blog, we have highlighted some of the career opportunities available after an MBA in Data Science.

1. Data Scientist

This is the most obvious career path for most of the graduates with an
MBA in Data Science. Data Scientists are the rock stars of the data world. As a Data Scientist, you will be using your skills to find out the hidden patterns in vast datasets. This information will be used to solve complex business problems and make informed decisions. 

For instance, If you are working in an e-commerce company, You will be analysing customer purchasing behaviour, so that the company can recommend products or optimise pricing strategies.

• Avg Salary Range: INR 14 – 28 LPA

2. Data Analyst

While Data Scientists focus on building models and making predictions, Data Analysts are experts in turning raw data into meaningful insights. They clean, process, and explore data to find trends and patterns. This information is then shared with stakeholders to support decision-making. A Data Analyst in the healthcare industry might analyse patient data to identify trends in disease outbreaks or optimise treatment plans.

• Avg Salary Range: INR 6 – 13 LPA

3. Business Analyst with Data Focus

This role combines business acumen with data analysis skills. Business Analysts with a data focus use data to understand business operations, identify areas for improvement, and recommend solutions. They work closely with stakeholders to translate business requirements into data-driven projects. A Business Analyst in the finance industry might analyse market trends to develop investment strategies or assess the risk of loans.

• Avg Salary Range: INR 9 – 18 LPA

4. Data Engineer

Data Engineers are the unsung heroes of the data world. They build and maintain the infrastructure that supports data processing and analysis. They design and implement data pipelines, databases, and data warehousing solutions. A Data Engineer in the telecommunications industry might develop systems to analyse customer usage patterns to optimise network performance.

• Avg Salary Range: INR 10 – 21 LPA

5. Data Product Manager

As a Data Product Manager, you will bridge the gap between data science and business. You will be identifying opportunities to use data to create new products or services. You will be working alongside of Data Scientists and engineers to develop and launch data-driven products. For instance, A Data Product Manager in the retail industry can develop a recommendation engine to increase sales.

• Avg Salary Range: INR 11 – 21 LPA

6. Management Consultant with Data Focus

If you want to become a Management Consultant, you can pursue this course. They basically help organisations improve their performance. As a management consultant with data focus, you will be using the large data sets to analyse business operations and identify areas for improvement. 

You will develop data-driven strategies to help clients achieve their goals. For instance, a Management Consultant in the energy sector can use data to optimise energy production and distribution.

• Avg Salary Range: INR 9 – 23 LPA

7. Entrepreneur

Many of you would not choose to go for jobs, you may be one of them who wants to start own business and become an entrepreneur. You can definitely pursue an MBA in Data Science. You will learn the skills and knowledge to start your own data-driven business. 

You can develop data-driven products or services, or consult with other businesses on their data strategies. An entrepreneur in the healthcare industry might develop a mobile app to track patient health data and provide personalised recommendations.

• Avg Salary Range: INR 18 – 30 LPA

8. Academic Researcher

If you have a passion for research, you can pursue a career in academia. You can teach data science courses and conduct research to advance the field. Academic researchers are at the forefront of data science innovation.

• Avg Salary Range: INR 2 – 6 LPA

Final Word

Now we have explored the Data science career option that you can choose as per your interest. An MBA in Data Science has something to offer for everyone. Whether you are passionate about technology, business, or problem-solving, there is a data-driven career path that is perfect for you. 

You just have to identify your interests and skills, and then find a role that can help you to make a positive impact.

Remember, the data science field is always evolving. So it is important to stay up-to-date on the latest trends and technologies. You can build a successful and fulfilling career in data science by understanding these terms.

Good Luck.