As per a report by Allied Market Research, the Global Big Data and Business Analytics Market are expected to grow at a Compound Annual Growth Rate (CAGR) of 10.9% to reach $420 Billion by 2027. Data is one of the essential assets in business today.
Pursuing an MBA in Business Analytics degree is an excellent choice for students who want to establish their place in the corporate world. The course builds the analytical skill set necessary to advance a career in today’s analytics-focused, overseas data-driven business decisions while also developing essential management and business skills students can use to pivot into rewarding managerial roles.
MBA in Business Analytics – An Overview
MBA in Business Analytics is a two-year master's degree program offered by various top management colleges in India. The course focuses on multiple areas, such as predictive modelling, decision analysis, artificial intelligence, statistics, marketing, etc.
The MBA in Business Analytics course imparts the students with an excellent understanding of data analytics tools/technology and how to leverage data insights to make the best company decisions. The degree includes both business fundamentals and technical skills.
The course aids students in upskilling and staying up-to-date with new concepts such as R programming language, Big Data Analytics, Python, etc. After completing the MBA in Business Analytics degree, graduates can explore career opportunities in India and overseas.
MBA in Business Analytics - Eligibility Criteria
When it comes to MBA in Business Analytics, eligibility criteria depend upon the structure, length, format, and application vary across countries and institutions. Students with a broad range of educational backgrounds can pursue the program. Have a look at the step-by-step MBA in Business Analytics criteria.
- Students must complete a bachelor's degree program from any college.
- They need approx 45-55% marks in their previous education.
- Candidates pursuing the final year of their bachelor's degree are eligible to apply for the course on a provisional basis.
- Students must appear for entrance exams such as MAT, CAT, XAT, CMAT, ATMA or institute-specific exams.
- They must also appear for the Group Discussion and Personal Interview rounds.
MBA in Business Analytics Syllabus
Before applying for this program, students need to know about the MBA in Business Analytics syllabus. The course syllabus severely focuses on decision analysis, quantitative methods, management, etc. Therefore, it is best to know the MBA in Business Analytics syllabus in detail.
The MBA in Business Analytics syllabus is provided through the points listed below. It will help students understand the topics and subjects that will be taught within the four semesters of the program.
Semester 1 - In the 1st semester of pursuing this degree will learn the core courses in management. These include subjects such as managerial economics and financial accounting alongside courses such as computational methods, organisational behaviour, statistical analysis, etc.
Semester 2 - In the 2nd semester, students will be introduced to subjects such as business intelligence, research methods, optimisation analytics, etc. They will also study a few core subjects such as HRM, corporate communications, operations, financial management, stochastic modelling etc.
Semester 3 – Pursuing this degree will train students in designing analytics systems and market analysis. It also includes subjects such as predictive analysis, risk management, data mining, marketing analysis, simulation modelling, etc.
Semester 4 - In the 4th semester, students will study business regulations, analytics and strategy used in businesses during this phase. During this semester, they will also gain industry exposure and work on real-time projects. The subjects are strategic management, legal and ethical aspects of analytics, big data analytics, etc.
Conclusion
According to the report, 94% of companies say analytics and data are critical to their business growth strategies and plans. Pursuing MBA in Business Analytics degree provides students with the essential business skills and knowledge they will need to advance in leadership and management roles.
