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Jagpreet
27 October, 2021
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With an MBA in Business Analytics, you can pursue a variety of job paths. As business analytics has become an increasingly important element of an organization’s everyday operations, career possibilities in this field are expanding. As a result of the increased need for MBA graduates with analytical skills, analytics has emerged as a relatively new and popular management specialization.
The quantity of data we have at our disposal is continually expanding, and making sense of it in order to derive useful insights and interpretations has become increasingly vital. This is where the field of business analytics comes into play. Business analytics is the study of large data using analytics, statistics, predictive analytics, and other optimization tools and approaches to convey insights to relevant stakeholders.
Business analysts may assist a firm in making critical choices such as cost reduction, customer happiness, and profit enhancement. Let’s look at the many employment choices available after completing an MBA in Business Analytics program.
Because the field of analytics is expanding, combining a management degree with the acquisition of analytical abilities can help you develop your profession. An MBA in Business Analytics will provide you with the following abilities:
You must hold a graduate degree in any discipline and pass the national eligibility examination for an MBA program to be eligible for this course. After finishing your course, you will be able to enter one of three primary domains. Descriptive analysis, prescriptive analysis, and predictive analysis are the three types of analysis. Companies assign you to a position based on your qualifications, subject knowledge, and job experience. Every sector, from multinational corporations to e-commerce businesses, is eager to acquire an MBA with analytical abilities since it is the way of the future.
A data analyst is a person who collects and analyses data based on sales figures, market research, logistics, and other factors. They use their technical knowledge to assure data quality and strive toward correctly processing and presenting it. As a result, the company is able to make informed business decisions.
The day-to-day responsibilities of a data analyst vary based on the business or speciality in question. To identify corporate goals, data analysts are frequently needed to collaborate with data scientists, IT teams, and management. The following are some of the most prevalent talents needed to work as a data analyst:
Improving an operation’s performance is one of a supply chain analyst’s main tasks. They accomplish this by determining the needs for a specific project and coordinating them with the rest of the team. Engineers and quality assurance specialists are required to test their new supply chain procedures, thus a supply chain analyst presents the facts to them. He or she also makes suggestions for how to improve performance, cut expenses, and keep track of inventories.
In India, the average income for a Supply Chain Analyst is 469,747 rupees.
| Years of Experience | Average Salary |
| Less than 1 year | ₹ 3,50,000 |
| 1-4 years of experience | ₹ 4,39,198 |
| 5-9 years of experience | ₹ 7,02,049 |
| 10-19 years of experience | ₹ 9,82,635 |
Table Source: Payscale
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Understanding changing business demands, assessing the effect of these changes, defining and analyzing requirements, and documenting and fostering communication among all stakeholders are all things that business analysts accomplish. In India, the national average income for a Business Analyst is $66,084. Over the last five years, it is believed that about 90% of all businesses have used analytics in their operations. And that this industry has witnessed an increase in prospects in practically every discipline. Business Analytics has become a standard technique in the IT and corporate sectors.
The following are some of the skills needed to work as a Business Analyst:
A technical team lead is a professional who is in charge of leading a technical team in any organization. Their primary responsibility is to guarantee that technological development is appropriately addressed, that products are of good quality, and that they are delivered on schedule. They’d need technical talents, as well as strong leadership and management abilities.
The typical annual pay is between 4 and 8 lakhs.
Importing, cleaning, covering, and analyzing data are all tasks that the big data analyst must assist with in order to get insights and make judgments.
The Business Intelligent Expert is in charge of the business organization’s design, development, implementation, administration, and support mission.
Different institutes/universities offer different types of Business Analytics courses. A list of major universities and business institutions that provide management courses in business analytics is provided below–
| Name of the Institute | Course offered | Course fee (Rs) |
| IIT Kharagpur | Post Graduate Diploma course | 1.60 lacs |
| ISB Hyderabad | Executive certificate course | 3.55 lacs |
| NMIMS, Mumbai | Post Graduate Certificate course | 2.50 lacs |
| ICFAI Hyderabad | MBA in Business Analytics | 3.83 lacs |
| Praxis Business School, Kolkata | Post Graduate course | 3.30 lacs |
| IIM Bangalore | Executive Certificate Programme | 4.25 lacs |
The demand for Business Analytics or Data Analytics professionals is growing. There is a significant gap between available analytics positions and qualified people. Many multinational and transnational firms are hiring potential MBAs in Business Analytics.
The following is a list of some of the most well-known recruiters in the subject of business analytics:
This concludes our discussion of job choices for those with a Business Analytics MBA. The subject is growing in popularity, and more firms are seeking MBA graduates with strong analytical skills. The speciality has a bright future. With time, the demand for professionals with a Business Analytics MBA has grown.
