Master Key Skills in Business Analytics with Globsyn PG Courses
In today's data-driven world, businesses across industries are realizing the importance of leveraging data to gain valuable insights and make informed decisions. This has led to a surge in demand for professionals with expertise in Business Analytics. Business Analytics is the practice of using data analysis and statistical techniques to drive business growth, optimize processes, and enhance decision-making. To excel in this field, individuals need to acquire a set of key skills that are essential for success.
Let us now explore the master key skills in Business Analytics that can help management students thrive in this dynamic field.
- Key Skills in Business Analytics
- Data Analysis and Interpretation
- Statistical Modeling and Predictive Analytics
- Data Visualization
- Problem-Solving and Critical Thinking
- Communication and Collaboration
- Domain Knowledge
- PG Courses in Business Analytics
- Globsyn Business School's PGDM - Business Analytics
Key Skills in Business Analytics
Before diving into the key skills, it's important to understand the foundational concepts of Business Analytics. Proficiency in statistics, mathematics, and data analysis is crucial for anyone aspiring to become a business analyst. A solid understanding of statistical methods, hypothesis testing, regression analysis, and data visualization techniques forms the backbone of effective Business Analytics.
Data Analysis and Interpretation
One of the fundamental skills in Business Analytics is the ability to analyze and interpret data. This involves understanding different data sources, cleaning and preparing data for analysis, applying appropriate statistical techniques, and deriving meaningful insights. Proficiency in tools like Python, R, or SQL is often required for effective data analysis.
Globsyn Business School offers cutting-edge education that combines theory and practice, and an 8-10-week summer internship program. Graduates are prepared for top industry positions, including placements at top companies. That said, the highest package during the 2024 placement session was INR 18.33 LPA, with an average of INR 7.39 LPA. Over 100 recruiters offered more than 1,000 jobs. The top recruiters of Globsyn Business School in 2024 included Deloitte, PwC, HDFC Bank, and others. The key highlights of the Globsyn Business School placement report 2024 are tabulated below:
Particular | Placement Statistics (2024) |
|---|---|
Total recruiters | 100+ |
Total offers made | 1000+ |
Highest package | INR 18.33 LPA |
Second highest package | INR 12.00 LPA |
Third highest package | INR 10.50 LPA |
Average Package | INR 7.39 LPA |
Statistical Modeling and Predictive Analytics
Business analysts should possess expertise in statistical modeling and predictive analytics to identify patterns, trends, and relationships in data. They should be able to build and evaluate models that can forecast future outcomes and help businesses make informed decisions. Familiarity with machine learning algorithms and techniques is highly advantageous in this regard.
Data Visualization
Presenting data in a visually appealing and understandable manner is a crucial skill for business analysts. They should be proficient in using data visualization tools like Tableau, Power BI, or Excel to create charts, graphs, and dashboards that effectively communicate insights to stakeholders. Strong visualization skills enable professionals to convey complex information in a clear and concise manner.
Problem-Solving and Critical Thinking
Business analysts need to possess strong problem-solving and critical thinking skills to tackle complex business challenges. They should be able to identify key problems, formulate relevant hypotheses, and develop data-driven solutions. The ability to think analytically and approach problems from different angles is invaluable in Business Analytics.
Communication and Collaboration
Effective communication is vital for business analysts as they often interact with stakeholders from various departments. They should be able to translate technical insights into actionable recommendations that non-technical individuals can understand. Additionally, collaboration skills are essential for working in interdisciplinary teams and building strong relationships with colleagues and clients.
Domain Knowledge
While technical skills are important, having a deep understanding of the industry or domain in which the business operates is equally crucial. Business analysts should be well-versed in the specific terminology, challenges, and trends of the industry they are working in. This domain knowledge enables them to ask relevant questions, identify key metrics, and provide context to the data analysis.
PG Courses in Business Analytics
To develop and enhance these skills, pursuing a postgraduate management course in Business Analytics can be immensely beneficial. Several reputable educational institutions offer specialized programs in Business Analytics that provide a comprehensive curriculum to equip students with the necessary skills and knowledge. These programs typically cover topics such as data mining, predictive modeling, machine learning, data visualization, and business intelligence
Globsyn Business School's PGDM - Business Analytics
India has emerged as a hub for Business Analytics education, offering a wide range of postgraduate courses tailored to meet the industry's demands. These programs provide a comprehensive curriculum that combines theoretical knowledge with practical applications, equipping students with the necessary skills to excel in the field.
One of the most sought after Business Analytics PG courses in India, Globsyn Business School’s AICTE approved Post Graduate Diploma in Management – Business Analytics (PGDM – Business Analytics) curriculum provides in-depth knowledge of analytical concepts, techniques, and their applications in improving business decisions. The objective of the programme is to facilitate in-depth exposure to the students regarding methodologies and practices of Business Analytics and to prepare them for the emerging needs of industry in the various functional domains.
Some of the program educational objectives of this course are:
- To provide graduates with a comprehensive knowledge of business analytics and its application in the diverse contexts of business
- To produce management graduates who can solve business problems in real-world situations by applying analytical skills to make effective decisions
- To produce responsible managers who have high regard for personal and organizational integrity in pursuit of sustainable development
- To enable graduates to demonstrate critical thinking, creativity, and innovation to emerge as business leaders and entrepreneurs in the analytical domain
- To equip students with effective communication skills, team spirit, and social values to meet the diversified needs of the industry
Overall, a PGDM in Business Analytics course can provide you with a comprehensive set of skills that are highly valued amongst management aspirants and professionals looking to thrive in this rapidly evolving field. Skills such as Data Analysis, Statistical Modeling, Data Visualization, Problem-solving, Communication, and Domain Knowledge play a crucial role in driving data-driven decision-making and business success. By acquiring these skills through specialized postgraduate courses or self-study, individuals can position themselves for exciting and rewarding careers in Business Analytics.
Note: The views expressed in this article are of Globysn Business School and do not reflect/represent those of Shiksha
News & Updates
Photos & Videos
+29
Contact Details
Address
JL No. 101, Mouza Chandi, Diamond Harbour Road
P.O. Amtala
24 Parganas (South), Kolkata ( West Bengal)
Get details of Similar Colleges
Student Forum
Anything you would want to ask experts?Answered a month ago
Degrees obtained from GBS Malta are recognised globally, especially in countries like Europe and the UK. The degrees offered at the university are aligned with the Malta Qualifications Framework and the European Qualifications Framework. The frameworks make the degrees more easily recognised within
P
Beginner-Level 3
Answered 2 months ago
Globsyn Business School offers good placements to its MBA students. The the highest and average package offered during Globsyn Business School placements stood at INR 18.33 LPA and INR 7.39 LPA, respectively. The key highlights of Globsyn Business School placements for the Class of 2024 are tabulate
Contributor-Level 10
Answered 2 months ago
Yes, Globsyn Business School conducts placement drives annually for its MBA courses. The key highlights of Globsyn Business School MBA placements for the Class of 2024 are tabulated below:
Particulars | Placement Statistics (2024) |
|---|---|
Total recruiters | 100+ |
Total offers made | 1,000+ |
the highest package | INR 18.33 LPA |
Second the highest package | INR 12.00 LPA |
Third the highest package | INR 10.50 LPA |
Average Package | INR 7.39 LPA |
Contributor-Level 10
Answered 2 months ago
Some of the prominent recruiters who visited the GBS Kolkata during the 2024 drive are listed in the table below:
Globsyn Business School Top Recruiters | ||
|---|---|---|
Deloitte | PwC | Ferrero India |
IDFC First Bank | HDFC Bank | Exide Industries |
Asian Paints | Dabur | ITC |
Globsyn Business School Top New Recruiters | ||
IIFL Securities | Eveready Industries | Indorama India Pvt. Limited |
Shyam Steel Manufacturing Limited | Emami Limited | Pepsico |
Swiggy | Proconnect Supply Chain – Redington Group | Genpact |
Contributor-Level 10
Answered 2 months ago
Globsyn Business Schoo offers a large diversity of courses to students in Management field. Globsyn Business Schoo admissions are held on the basis of entrance tests. Students seeking course admissions must clear their previous qualifying examination and appear for any of the prescribed entrance exa
A
Contributor-Level 10
Answered 3 months ago
In the Globsyn Business School 2024 MBA/ PGDM placements, the average package was INR 7.39 LPA. Addtionally, the highest package stood at INR 18.33 LPA. Many top companies also participated in the placements drive and made job offer to the candidates.
R
Contributor-Level 9
Answered 3 months ago
Candidates applying for Globsyn Business School MBA must hold a valid UG degree from a recognised university. At the time of form filling and admission, the aspirants must hold the pass certificates as well. These are required to verify that the candidate is eligible for the course admission.
V
Contributor-Level 9
Answered 3 months ago
Candidates with a valid bachelor's degree passed with a minimum of 50% aggregate are eligible for PGDM in Business Analytics at Globsyn Business School. During the form filling and admission, the aspirants must hold the pass certificates and other documents. These are required to verify that the app
S
Contributor-Level 9
Globsyn Business School is a renowned institution in India for postgraduate management education, offering AICTE approved PGDM and PGDM – Business Analytics, as well as MBA (Global) in collaboration with the Malaysia University of Science and Technology. GBS is renowned for its cutting-edge facilities, which offer an engaging experience for its students that goes beyond the boundaries of traditional classroom education. The campus is fully equipped with cutting-edge facilities, including the Globsyn Student Home. Among the other facilities offered are: a well-stocked library, hybrid classrooms, medical room, study lounge, outdoor and indoor sports facilities, etc. The open-air cafeteria and canteen are also available inside the campus. The GBS campus provides its students with an environment, which will facilitate both intellectual discourse and corporate life experience.