Business Analytics

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What is Business Analytics?

Business Analytics as a process can be understood as combining data analytics and business intelligence on a given set of data make future business strategies and plans. It is taught as a specialization in Master of Business Management (MBA).

This branch of management involves exploration and analysis of present data to gain insight for planning and execution of future business strategy and goals. Business Analytics helps in optimizing operations, increasing revenue by saving on operational cost, improve better customer relation, and predict future trends in the market thereby enabling accurate strategic decisions and business plans.

MBA in Business Analytics offers training and knowledge to develop skills for making business plans and strategies of the future based on accurate analysis of the available data. The average salary of Business Analyst is Rs 8 lakh and upwards.

Business Analytics Eligibility and Entrance Exams

Any Business Analytics aspirant must fulfill the following eligibility criteria to pursue the programme:

  • Business Analytics course is offered at MBA/PGDM level hence, the minimum eligibility criteria is Graduation or equivalent

  • Any graduate can pursue Business Analytics. However Science or Commerce background will be of enormous help as such candidates will have studied maths and statistics at higher level

  • Most of the management institutes fix the minimum aggregate at 50% as per the AICTE guideline

Business Analytics Entrance Exam:

To pursue Business Analytics, the candidate will be required to appear in common MBA entrance exams like:

CAT

GMAT

XAT

SNAP

CMAT

NMAT by GMAC

MAT

IBSAT

List of all MBA entrance exams in India

Business Analytics Course

Apart from a full-time/part-time/executive MBA programmes, several online and offline certification courses in Business Analytics are also available for working professionals who wish to enhance their skills and widen their career prospect, to stay in tune with the current business environment.

Any candidate having strong analytical skills and interest in data crunching can pursue Business Analytics at MBA/PGDM level. Most of the programmes offered in India are 2-year full time courses, which include:

  • Understanding the role of a Business Analyst

  • Imparting training and developing skills on Descriptive, Predictive, Prescriptive and Cognitive Analytics

  • Training the candidate to use advanced statistical tools to analyze complex business problems

  • Using analytical skills in various domains and industries

Business Analytics Syllabus

Apart from general management topics, the course curriculum of MBA in Business Analytics includes the following

Business Analytics Course Curriculum

SEMESTER I

SEMESTER II

Quantitative Methods

Financial Management

Managerial Economics

Operations Management

Management Information Systems

Human Resource Management

Financial Accounting

Financial Analytics

Marketing Management

Optimization Analytics

Organisational Behaviour

Stochastic Modeling

Statistical Analysis

Business Intelligence

Data Modelling

Research Methods

 Managerial Communication

Computational Methods

SEMESTER III

SEMESTER IV

Predictive Analytics

Strategic Management

Risk Management

Operations & Supply Chain Analytics

Marketing Analysis

HR Analytics

Data Mining

Big Data Analytics

Simulation Modeling

Ethical & Legal Aspects of Analytics

Analytics,Systems Analysis & Design

Project Management

Industry Internship Programme

Professional Development

 Analytics Capstone Project

Elective Paper

Business Analytics: Job Profile & Top Companies

The role of a business analyst is solving organizational issues using skills of management, finance, marketing, operation research, logistics through various data analytics tools. The most important part of the job is to suggest business actions/decisions for the future on the basis of give data as well as through predictive analysis. Business Analysts are in high demand as the companies are adopting more scientific ways of using the data to make business decisions. Thus, business analysis offers lucrative jobs and remuneration. Currently, the average starting salary of a business analyst is Rs 8 lakh and upwards according to payscale.com. 

Business Analytics: Top Companies

In today’s rapidly changing and ultra-competitive business world, every big or small organisations have woken up to the need of business analysts for better output and revenue. There are many Data Science organisations, which offer services to other companies through their qualified business analysts and data scientists. Some of the top companies are mentioned below:

Top Recruiters

Mu Sigma

Gramener

Accenture Analytics

Convergytics

Fractal Analytics

Cartesian Consulting

Crayon Data

Tiger Analytics

LatentView

Bridgei2i

AbsoluteData

Hansa Cequity

Global Analytics

Exl Analytics

Manthan

Brillio

 

Popular Business Analytics Colleges in India

Following are the most popular Business Analytics Colleges in India. Learn more about these Business Analytics colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
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Popular Private Business Analytics Colleges in India

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BEST EDUCATION Brand by EconomicsTimes. LPUNEST-India's Largest Entrance Scholarship Test
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Business & Management Studies Applications Open till 30-06-2021 - Apply Now  and get Rs 250 Paytm Cashback
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Popular Business Analytics UG Courses in India

Following are the most popular Business Analytics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Business Analytics PG Courses in India

Following are the most popular Business Analytics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Comments

D

Divey Mehra

2021-05-31 20:55:57

Best college in Delhi ncr with MBA in Business Analytics?

Reply to Divey Mehra

32573491
Ishant Mittal

Beginner-Level 5

4 days ago

Only few Colleges provide MBA in Business analytics like Jaipuria Institute of management, Ghaziabad and JK Business school, Gurugram.

A

Akshay Waghmare

2021-04-28 14:31:25

How Lexicon MILE is leading in creating employment opportunities with specialisation in Business analytics?

Reply to Akshay Waghmare

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Akanksha Shinde

Contributor-Level 10

4 weeks ago

We find it so difficult to find that one suitable job that we wish to take our career in. It has been getting difficult over the years to get into the desired career path. Firstly to decide which industry is more suited and then which institute can provide the right opportunities. With good resea...We find it so difficult to find that one suitable job that we wish to take our career in. It has been getting difficult over the years to get into the desired career path. Firstly to decide which industry is more suited and then which institute can provide the right opportunities. With good research, one such institute is the Lexicon Management institute of leadership and excellence. An establishment since 2009, Lexicon MILE has curated a varied range of courses for post-graduate Diploma in management, Certificate programs, training and different programs. Lexicon MILE has developed an ideal and conducive environment especially for their courses like PGDM, Global MBA, International MBA/MS, and PGCM. They provide a two-year full-time course for which is a legacy of the Lexicon group of institutes. Lexicon MILES is affiliated by All India Council for Technical Education and has partnered with universities like The University of South Wales and University of New Haven. In a really short period of time, Lexicon MILES has come a long way. It has committed to its approach of one student at a time and served communities by recognizing diversity of Indians. They have a large and exclusive pool of faculty which is experienced in corporate and top of academics. Lexicon MILE has created home for their PGDM students for 2 years, which on campus hostels and food arrangements. They have an active training of practical demonstrations which helps the students to imbibe learnings. They have different tools and techniques like case studies, new analysis, discussions, problem-solving sessions, and live field projects with theoretical impressions to mould their students to build a real-world ready personality. Lexicon has been awarded with The Best Emerging B-School, Worlds the greatest Brand, and Best Management Institute for Placement. They conduct various workshops, corporate workshops, industrial visits and on-campus internships with stipends. Lexicon MILE is known for its environment and social sensitivity. As they say and believe, they are always for their students during the course and after the course, this helps the students to be relieved about their career path. There is one specific specialisation that adds to why Lexicon is different and unique from other institutes, which is Business Analytics.

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Vinoth prasanna

2021-04-23 23:50:07

Do bharathiar university offer MBA in business analytics.

Reply to Vinoth prasanna

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heena agrawal

Scholar-Level 16

a month ago

Hi. Yes. They offered Master of Business Administration in (Business Analytics)
Fees Rs 2,150,000 (TOTAL FEES)
Course Duration - 2 Years
Course Level Degree
Course Place On Campus
Course Type- Full Time - Post Graduation.

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Snehal Arjun Thorat

2021-03-20 11:31:51

I want to do some course. I completed my graduation in management. But I'm not interested in MBA. Can you suggest me something new.

Reply to Snehal Arjun Thorat

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Dinesh upadhyay

Guide-Level 12

2 months ago

You can explore on -- LL.B- specialised PGDM courses like HRM, insurance, marketing. - Master of Buisness law from NLU ( online hybrid programme) ( along with this course you can prepare for banking exams)You can take a break from study for 1-2 year by working and can find your area of interest i...You can explore on -
- LL.B
- specialised PGDM courses like HRM, insurance, marketing. - Master of Buisness law from NLU ( online hybrid programme) ( along with this course you can prepare for banking exams)
You can take a break from study for 1-2 year by working and can find your area of interest in field of management. As management is a vast field and you can take study of BMS study to your advantage in future.

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