Updated on Jan 12, 2022 11:31 IST
Vipra Shrivastava

Vipra ShrivastavaManager - Content

Business Analytics as a process can be understood as combining data analytics and business intelligence on a given set of data to make future business strategies and plans. It is taught as a specialisation 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. There are four types of business analytics - Descriptive Analytics, Diagnostic Analytics, Predictive Analytics and Prescriptive Analytics. These help in optimising 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 a Business Analyst is INR 8 lakh and upwards.

Business Analytics Eligibility Criteria 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 as 50 per cent as per the AICTE guideline.

Business Analytics: Skillset Required

Those who wish to pursue Business Analytics as a career must possess or develop the following skillset:

  • Analytical Skills
  • Critical Thinking
  • Strong in Mathematics
  • Business Acumen
  • Eye for Detail
  • Keen Observation
  • Communication Skills

Business Analytics Entrance Exams

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

Entrance Exams for Business Analytics

CAT

GMAT

XAT

SNAP

CMAT

NMAT by GMAC

MAT

IBSAT

Check: 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 stay in tune with the current business environment to widen their career prospects.

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

Also Read:

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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

Top Business Analytics Colleges in India

One can pursue Business Analytics at postgraduate level. There are many short duration professional courses also available that one can pursue in the middle of their career. Check the table below for a few of the top Business Analytics colleges in India:

Institute Name

Course Name

IIM Calcutta

Executive Programme on Business Analytics (EPBA)

Post Graduate Diploma in Business Analytics

SPJIMR-Mumbai

Executive Certificate Program in Big Data Analytics

NMIMS-Mumbai

MBA (Executive) with Specialisation in Business Analytics

SCMHRD-Pune

MBA-Business Analytics

IMT, Ghaziabad

Post Graduate Diploma in Management (Executive) Specialisation – Business Analytics

Great Lakes Institute of Management, Chennai

Post Graduate Program in Business Analytics & Business Intelligence

MBA in Business Analytics

WeSchool - Prin LN Welingkar Institute of Management Development & Research

PGDM - Research & Business Analytics

Loyola Institute of Business Administration, Chennai

Post Graduate Program in Business Analytics

Chandigarh University

MBA Business Analytics

ISBR Business Schools

PGDM in Business Analytics

Also Read:

Business Analytics: Job Profile & Top Companies

The role of a Business Analyst is solving organisational 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 given 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 INR 8 lakh and upwards according to payscale.com. 

Business Analytics: Top Companies

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

Business Analytics: 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

FAQs on Business Analytics

Q: What is Business Analytics?

A: Business Analytics is basically analysis of unorganised date from which useful information can be derived to enhance efficiency of operations and make future business plans.

Q: What are the four types of Business Analytics?

A: The four type of Business Analytics are:
  • Descriptive Analytics
  • Diagnostic Analytics
  • Predictive Analytics
  • Prescriptive Analytics

Q: What is the role of a Business Analyst?

A: The main role of a Business Analyst is to gather data, select useful data from it; analyse, interpret and communicate the findings to the stakeholders for making critical business decisions.

Q: Which are the courses for Business Analytics?

A: Business Analytics as a course is available at postgraduate levels. There are many short-term professional courses also available at platforms such as Coursera and Udemy.

Q: What is the eligibility criteria for MBA in Business Analytics course?

A: The basic eligibility criteria for MBA in Business Analytics is graduation with minimum 50 per cent aggregate (45 per cent for reserved category students).

Q: Which are the best colleges for MBA in Business Analytics?

A: IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Kozhikode, IIM Indore, XLRI Jamshedpur, SPJIMR Mumbai, Symbiosis Institute of Business Management, Great Lakes Institute of Management, NMIMS School of Business Management, KIIT School of Management are some of the top colleges for Business Analytics.

Q: What is the academic requirement for Business Analytics?

A: Candidates must have studied science or commerce in their Class 11 and 12 and graduation as Business Analytics is all about number crunching and requires strong analytical skills.

Q: What are the career opportunities in the field of Business Analytics?

A: After completing a course in Business Analytics one can get the job of a business analyst, data sceintist, qualitative analyst, modeler, business analytics consultant and business analytics manager.

Q: What does one study in Business Analytics?

A: A business analytics course covers topics like Quantitative Methods, Statistical Analysis, Data Modelling, Stochastic Modeling, Optimization Analytics, Financial Analytics, Research Methods, Computational Methods, Predictive Analytics, Data Mining, Simulation Modeling, Systems Analysis & Design, Big Data Analytics, Operations & Supply Chain Analytics, Analytics Capstone Project, etc.

Q: What is the average salary of a Business Analyst?

A: The average salary of a Business Analysts in India is INR 8 lakh per annum. The remuneration increases manifold as one gains experience in this field.

Q: Is Maths compulsory for Business Analytics course?

A: Maths is not compulsory but desirable for Business Analytics course. Since Business Analytics is all about analyzing data with the help of tools and codes, those who have studied Maths in HSc and graduation will have to struggle less during the course and in career.

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.
10 L
5.0
1 Course
23.15 L
25 LPA
3 Courses
4 L - 24 L
24.59 LPA

#3 Shiksha Collections

1.03 L
2.95 L

#2 Shiksha Collections

3 L

#16 Shiksha Collections

Popular Private Business Analytics Colleges in India

2 Courses
6.5 L
4.0

#17 Shiksha Collections

NAAC A Accredited Campus | 6 Months Paid Internship | Mumbai's First & Only BizLAB
1 Course
3.14 L
4.0
1 Course
7.95 L
4.6
1 Course
3.05 L
3.05 L - 3.15 L

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

What is the placement percentage of students and what is the average package for MBA Business Analytics students from Chandigarh university?

Reply to shivani kamboj

39685739
Mallika Ahuja

Contributor-Level 10

a week ago

Chdigarh University gets global companies like Amazon, Flipkart, IBM, Deloitte, Earnest & Young, Danone Foods, KPMG, Reliance Industries, Bank of America, VIVO, ICICI Bank, and ITC sfor their placements.

K

KAruna Singh

Contributor-Level 7

2 weeks ago

The University School of Business (USB), one of the Top and Best MBA Colleges in Punjab, India, understands the need of identifying and nurturing budding Management professionals in accordance with the changes taking place in the corporate world in terms of competencies and employability quotient...The University School of Business (USB), one of the Top and Best MBA Colleges in Punjab, India, understands the need of identifying and nurturing budding Management professionals in accordance with the changes taking place in the corporate world in terms of competencies and employability quotients. Some of the key competencies developed in an MBA aspirant at the University School of Business (USB), Chandigarh University include Cognitive competence, logical and analytical thinking, critical evaluation, team leading and management, social and behavioral skills, and data analytics, among others.

What is the average package of BBA in human resources and business analytics at School of Business Studies - Sharda University?

Reply to Aryan Srivastva

34831897
Vinay kr Pandey

Guide-Level 14

a week ago

It's great connecting with you. The average salary offered to a graduate with BBA in business analytics is around 3-13 lacs per annum. It is one of the highest salaries that you can get after pursuing a professional degree course.

What are the career prospects for an MBA graduate in business analytics?

Reply to Robin Kaushik

B

Bharat Rajpoot

Contributor-Level 9

a month ago

It has the best course in the days to come. MBA in Business Analytics is combining Business Analytics as well as Management education. However, it is important to identify the right blend of subjects and the right college. Iims have the best course in this. But they have more like 6 months or 1-y...It has the best course in the days to come. MBA in Business Analytics is combining Business Analytics as well as Management education. However, it is important to identify the right blend of subjects and the right college. Iims have the best course in this. But they have more like 6 months or 1-year programs. The placement is also great. But admission is stringent and programs are costly. Among private colleges, not many good options are there except IEM Kolkata. https://www.shiksha.com/college/institute-of-engineering-and-management-salt-lake-city-kolkata-23742.

P

Pranav Kaushal

Contributor-Level 10

a month ago

Career Options After MBA Business Analytics:
Marketing Manager. Financial Analyst. Personal Financial Advisory. Operations Analyst. Supply Chain Analyst. Business Analytics Specialist. Management Consultant.

I am looking for MBA in business analytics, which is the best college for MBA in business analytics?

Reply to Saif Ali Khan

A

Arpit Sood

Contributor-Level 8

a month ago

Hi Saif, please visit: https://www.shiksha.com/mba/colleges/mba-in-business-analytics-colleges-india for the list of the top colleges that provide MBA in business analytics.

What is the right MBA for me -Finance/Operations, Business Analytics or Trans Logistics? I am 30 with past poor career choices.

Reply to Arka Roy

36612357
NITIN DESHMUKH

Scholar-Level 17

a month ago

Looking at current job offers across industries, Business Analytics is a good choice. Choosing any of the mentioned options you need to put effort and hard work into academics to succeed. Many IT, Mfg, Service companies are hiring Business Analysts.

36612357
Ayushi Goel

Beginner-Level 4

a month ago

You can go for trans logistics by seeing your profile.

What are the biggest opportunities in MBA in marketing analytics?

Reply to Ravi Sharma

40466435
Riya verma

Contributor-Level 10

a month ago

Greetings RaviMBA In marketing analytics is an excellent emerging course. MBA in Business Analytics graduates can explore career opportunities in both India and overseas. With an increasing number of startups in India, demand for professionals in this field is also increasing rapidly. So, you can...Greetings Ravi
MBA In marketing analytics is an excellent emerging course. MBA in Business Analytics graduates can explore career opportunities in both India and overseas. With an increasing number of startups in India, demand for professionals in this field is also increasing rapidly. So, you can surely pursue this course for Higher studies.

40466435
Mohit Sharma

Beginner-Level 2

a month ago

The field of marketing analytics is witnessing worldwide growth. Demand for knowledgeable managers with the ability to use big data analysis to make effective decisions is growing rapidly. If you are looking for a course in this field then you should pursue an MBA in Marketing Analytics from D. Y...The field of marketing analytics is witnessing worldwide growth. Demand for knowledgeable managers with the ability to use big data analysis to make effective decisions is growing rapidly. If you are looking for a course in this field then you should pursue an MBA in Marketing Analytics from D. Y. Patil International University. It is one of the best private universities off MBA programs. The MBA programme in Marketing Analytics is designed to address the growing needs of the companies that use the most innovative practices in business analytics. DYPIU offers this course to prepare students for these opportunities by training them on how to use cutting-edge analytics to make better marketing decisions. The MBA Marketing Analytics graduates from DYPIU have a huge scope in India as well as overseas. Almost all business organizations ranging from small businesses, start-ups to well-established companies are incorporating marketing analytics in their daily operations. This has led to tremendous growth in the scope of this field. You can also get more information by visiting the website: https://www.shiksha.com/university/d-y-patil-international-university-pune-56973.

Which of the best colleges offer PG Diploma in business analytic for working professionals without GMAT and CAT?

Reply to ramana kanumalla

H

Hitesh Kashyap

Beginner-Level 1

2 months ago

You can try giving PGDBA exam. The course is jointly offered by IIM Calcutta, ISI Kolkata and IIT Kharagpur. You don't need GMAT or CAT for it. The intake is usually 62.

P

Pawan Singh Dhakad

Contributor-Level 8

2 months ago

It depends upon your percentage, you have to search the college as per your percentage and prepare yourself for entrance exams and score high marks.

How to enter into the business field at the age of 17 with only intermediate graduation?

Reply to kolli chaithrajyotshna

40095057
Nikhil Kadam

Beginner-Level 5

2 months ago

You cant as it's a post-graduation. So basic graduation is necessary.

I want to know about the latest cutoff information for BBA in Business Analytics at Kristu Jayanti College.

Reply to Harshvardhan Singh Mandloi

I want to know about the latest cutoff information for MBA in Business Analytics at NMIMS SBM Mumbai.

Reply to Akshat Shah

I want to know about the latest cutoff information for an MBA in Business Analytics (Big Data) at KIIT School of Management.

Reply to Eswar

40468451
Group Captain Vinayak Deodhar

Scholar-Level 18

2 months ago

Hello Eswar, I am attaching a link that will give you all the required information.
https://www.shiksha.com/college/kiit-school-of-management-kalinga-institute-of-industrial-technology-bhubaneswar-32416/cutoff
Best wishes to you.

Can non-IT students do MBA in business analytics? If yes, what should one prepare before MBA?

Reply to Devansh Singh

S

Shivam Sagar

Contributor-Level 6

2 months ago

As per the eligibility requirements, there are no criteria that say that Non - IT students cant do an MBA in Business Analytics. In fact more & more students from Non - Engineering backgrounds are entering into an MBA B.A. To learn more about the field of Data as data is the new oil & the Data ge...As per the eligibility requirements, there are no criteria that say that Non - IT students cant do an MBA in Business Analytics. In fact more & more students from Non - Engineering backgrounds are entering into an MBA B.A. To learn more about the field of Data as data is the new oil & the Data generated in the next 5 years will drive innovation of yesterday. You can hone your Excel, PowerPoint & other data visualization software skills.

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