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:
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Business Analytics course is offered at MBA/PGDM level hence, the minimum eligibility criteria is Graduation or equivalent
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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
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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:
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:
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Understanding the role of a Business Analyst
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Imparting training and developing skills on Descriptive, Predictive, Prescriptive and Cognitive Analytics
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Training the candidate to use advanced statistical tools to analyze complex business problems
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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 |
| Â 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 |
| Â 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.Â
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 |
Â
Popular Business Analytics Colleges in India
IIM Ahmedabad - Indian Institute of Management
Vastrapur, AhmedabadIIM Bangalore - Indian Institute of Management, Karnataka
Bannerghatta Road, BangalorePopular Private Business Analytics Colleges in India
GITAM School of Business, Bangalore
Doddaballapur Rd., BangaloreTop Rated Courses
Courses
- Master of Business Administration (MBA)LPU - Lovely Professional University
- PGDM in EntrepreneurshipEntrepreneurship Development Institute of India
- Post Graduate Diploma in Management (PGDM)Thiagarajar School of Management
- Post Graduate Programme in Management (PGPM)Great Lakes Institute of Management, Chennai
- Post Graduate Diploma in Management (PGDM)Vignana Jyothi Institute of Management
- Post Graduate Diploma in Management (PGDM)ISME - International School of Management Excellence
- Post Graduate Diploma in Management (PGDM)IIEBM, Indus Business School
- Master of Business Administration (MBA)Amrita School of Business
- Master of Business Administration (MBA)Institute of Engineering and Management
- Post Graduate Diploma in Management (PGDM)FIIB - Fortune Institute of International Business
Popular Business Analytics UG Courses in India
UG Courses
- BBA
63 Colleges
- BCom
9 Colleges
- UG Diploma
4 Colleges
- BE / BTech
2 Colleges
- BVoc
2 Colleges
Popular Business Analytics PG Courses in India
PG Courses
- MBA / PGDM
291 Colleges
- PG Diploma
21 Colleges
- Executive MBA / PGDM
17 Colleges
- MCom
4 Colleges
- MSc
4 Colleges
News & Updates
Jun 4, 2021
Comments
A
2021-04-28 14:31:25
How Lexicon MILE is leading in creating employment opportunities with specialisation in Business analytics?
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.
V
2021-04-23 23:50:07
Do bharathiar university offer MBA in business analytics.
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.
S
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.
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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D
2021-05-31 20:55:57
Best college in Delhi ncr with MBA in Business Analytics?
Reply to Divey Mehra