Updated on Sep 29, 2022 05:55 IST
Vipra Shrivastava

Vipra ShrivastavaSenior Manager - Content

MBA in Data Science is a fast emerging as one of the most sought after specialisation in the field of management. Since every industry is adopting technology and scientific methods to run their operations, the assessment of data and its management is the need of the hour. MBA in Data Science is a professional programme that trains and prepares an individual in steering business innovations.

Data science is a combination of multiple disciplines such as Statistics, Mathematics, Information Science, Computer Science, Artificial Intelligence and Machine Learning. Therefore, MBA in Data Science is ideal for candidates from Engineering and Technical background. 

It is said that, by the year 2025, the world would have generated 463 exabytes of data. Thus the high demand for Data Science experts and managers. IT, e-Commerce, Healthcare, Manufacturing, BFSI are some of the top sectors for a career in Data Science. Read below all about MBA in Data Science including eligibility criteria, admission process, course, syllabus, top colleges, career prospects, salary and recruiters.

Also Read: Data Science – Career & Future Scope

What is Data Science?

Every online activity by users is useful data for companies that they can use to understand and reach out to their potential customer. However, given the vastness and complexity of the data, it is impossible to sort out relevant information using traditional methods.

To be able to utilize the data for making a future business plan, organisations need to extract relevant information from the data of the past and present.

Data Science is a set of tools that includes scientific methods, processes, algorithms - to derive meaningful co-relation between different datasets and convert that into information to make a profitable business decision or develop organizational, cross-functional management skills. This process comprises the following steps:

  1. Extracting data
  2. Scrubbing data
  3. Exploring data
  4. Model building
  5. Interpretation

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MBA in Data Science Highlights

Given below are the key highlights of MBA in Data Science course:

Features

MBA in Data Science Details

Degree Name

MBA in Data Science

Degree Type

Postgraduate

Course duration

2 years

Education modes

Full-time, part-time, online and distance learning modes

Eligibility criteria

Bachelor’s degree in any stream

Admission process

Entrance exam

+

GD/PI

Course fee

INR 1 lakh to INR 15 lakh and above

Average salary

INR 8 Lakh Per Annum (LPA)

Job profiles

Risk Analyst, Business Analyst, Data Analyst, Data Scientist, Stock Analyst, Project Manager

MBA in Data Science Eligibility Criteria

  • The basic eligibility criteria to pursue MBA in Data Science is graduation. However, since Data Science is all about data crunching, having academic background in Mathematics, Statistics, Information Science, Computer Science, Artificial Intelligence and Machine Learning will be valuable.
  • Some of the MBA in Data Science colleges have minimum score criteria of 50 per cent aggregate in graduation.
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MBA in Data Science Skill Set

Apart from academic eligibility, one needs to have a flair for Data Science, as it is a niche and a highly specialised field. Some of the skill set, one must possess for MBA in Data Science are listed below:

  • Strong base in Mathematics and Statistics
  • Analytical thinking
  • Critical thinking
  • Interpretive skills
  • Communication skills
  • Problem solving skills
  • Team management
  • Decisive
  • Adaptive
  • Eye for detail

MBA in Data Science Entrance Exams & Admission

MBA in Data Science admission process include entrance exam, Group Discussion (GD) and Personal Interview (PI). Given below are some of the top national-level MBA entrance exams for MBA in Data Science:

 Entrance Exams for MBA in Data Science

CAT

IBSAT

MAT

CMAT

XAT

ATMA

NMAT

SNAP

Admission process of MBA in Data Science course is same as the MBA General course. The institutes shortlist candidates for Group Discussion (GD) and Personal Interview (PI) on the basis of an entrance exam score. Admission criteria includes academic record (class 10, 12 & graduation), entrance exam score, performance in the GD/PI round and work experience (not mandatory).

MBA in Data Science Syllabus

MBA in Data Science syllabus includes general management subjects, business analytics and technical topics such as Machine Learning, Spreadsheet Modelling, Data Visualisation, etc. Given below are the topics commonly included in the MBA in data science course:

Syllabus for MBA in Data Science

Semester I

Semester II

Business Communication

Corporate Finance

Managerial Economics

Human Resource Management

Financial Accounting

Operations Management

Marketing Management

Statistical Modelling

Organisational Behaviour

Data Visualisation

Statistics for Business: Decision Science I

Spreadsheet Modelling II

Introduction to Business Analytics

Introduction to Machine Learning

Spreadsheet Modelling I

--

Semester III

Semester IV

Advanced Machine Learning

Supply Chain Analytics

Natural Language Processing

HR Analytics

Web & Social Media Analytics

Marketing Analytics

Finance and Risk Analytics

Capstone Project

Healthcare Analytics

--

Deep Learning I

--

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Top MBA in Data Science Colleges in India

Given below are some of the popular colleges in India offering MBA in Data Science programme along with the course fee:

MBA in Data Science Colleges

MBA in Data Science Course Fee (INR)

Amity University Online

4.50 lakh

Kirloskar Institute of Advanced Management Studies

5.25 lakh

Symbiosis Centre for Information Technology, Pune

12.20 lakh

KJ Somaiya Institute of Management

16.29 lakh

Indian Statistical Institute, Kolkata

24.00 lakh

Fore School of Management, Delhi 

15.98 lakh

Christ University

2.75 lakh

IIM Calcutta

4.00 lakh

MET Institute of Software Development and Research

1.20 lakh

Goa Institute of Management

18.07 lakh

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MBA in Data Science Career Prospects: Jobs and Salary

Data Science jobs are high responsibility roles that require excellent analytical skills and data interpretation skills along with knowledge of latest technology and tools. Since it is a highly specialised job and critical to the good health of a business enterprise, the remuneration offered is also high. Given below are the Data Science job roles and average salaries:

MBA in Data Science Job Roles

MBA in Data Science Average Salary (INR)

Data Science Manager

21 LPA

Data Architect

19 LPA

Product Manager

17 LPA

Data Science Consultant

10 LPA

Data Engineer

8.38 LPA

Product Analyst

6.20 LPA

Business Intelligence Analyst

5.94 LPA

Operations Research Analyst

4.00 LPA

Clinical Data Analyst

3.50 LPA

MBA in Data Science: Top Recruiters

The demand for MBA in data science graduates is high in sectors such as e-commerce, manufacturing, healthcare, banking and finance, transport and information technology. Some of the top recruiter are listed below:

Top MBA in Data Science Recruiters

1.       Amazon

2.       IBM

3.       Deloitte

4.       Accenture

5.       Fractal Analytics

6.       Citrix

7.       LinkedIn

8.       Myntra

9.       MuSigma

10.   Dexlock

11.   Flipkart

12.   Rudder Analytics

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MBA in Data Science FAQs

Q: Which are the top B-Schools for MBA in Data Science?

A: The MBA in Data Science colleges in India include Amity University, Kirloskar Institute of Advanced Management Studies, Symbiosis Centre for Information Technology-Pune, KJ Somaiya Institute of Management, Indian Statistical Institute-Kolkata, Fore School of Management-Delhi, Christ University, IIM Calcutta, MET Institute of Software Development and Research and Goa Institute of Management.

Q: What is the eligibility criteria for MBA in Data Science?

A: The basic eligibility criteria for MBA in Data Science is graduation with 50 per cent aggregate or equivalent from a recognised university. The academic background should preferably be Mathematics, Statistics, Computer Science, Machine Learning, etc.

Q: What is taught in MBA in Data Science?

A: The MBA in Data Science course curriculum includes general business management subjects and Data Science topics such as Machine Learning, Statistical Modelling Advanced Machine Learning, Supply Chain Analytics, Natural Language Processing, Web & Social Media Analytics, Marketing Analytics, Finance and Risk Analytics and Spreadsheet Modelling, etc.

Q: What are the job roles offered to MBA in data science graduates?

A: Top job roles offered to Data MBA in data science graduates include, Science Manager, Data Architect, Product Manager, Data Science Consultant, Data Engineer, Product Analyst, Business Intelligence Analyst, Operations Research Analyst and Clinical Data Analyst.

Q: Which companies hire MBA in Data Science degree holders?

A: MBA in data science graduates are in high demand in IT, e-commerce, manufacturing, BFSI and infrastructure industries. Some of the top companies that hire MBA in data science degree holders include Amazon, Accenture, Citrix, Deloitte, Dexlock, Fractal Analytics, Flipkart, IBM, LinkedIn, MuSigma, Myntra and Rudder Analytics among others.

Q: What is the admission process for MBA in Data Science?

A: The admission process for MBA in Data Science colleges in India includes entrance exam, group discussion and personal interview. The academic criteria could vary for every institute.

Q: What is the average fees of MBA in Data Science course in India?

A: The average fees of MBA in Data Science course in India ranges between INR 1 lakh and INR 15 Lakh. The course fee of a government college is lower than that of a private college.

Q: I want to pursue MBA in Data Science. Do I need to clear an entrance exam for it?

A: Yes, to pursue MBA in Data Science, one needs to clear a national-level MBA entrance exam or a test conducted by the particular institute. Some of the national-level MBA entrance exams for MBA in Data Science include CAT, MAT, XAT, CMAT, NMAT, GMAT and SNAP.

Q: Does IIM offer MBA in Data Science?

A: IIMs do not offer MBA in Data Science. However, IIM Calcutta and IIM Kozhikode offer Data Science and Business Analytics courses but as certificate programmes.

Q: What is the course duration of MBA in Data Science?

A: The course duration of MBA in Data Science is same as that of MBA General, i.e. two years. Executive MBA in Data Science or PG programmes are usually of 11 to 15 months.

Q: I have a BTech Computer Science degree, can I go for MBA in Data Science?

A: Yes, MBA in Data Science is one of the best options for a BTech in Computer Science graduate to have a rewarding career in the present business environment.

Popular Data Science Colleges in India

Following are the most popular Data Science Colleges in India. Learn more about these Data Science colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
40 K - 8.1 L
10 - 17.6 LPA
1 L - 14.25 L
3 - 8 LPA

Selected Applications open. Apply Now

10 K - 10 L
12 - 16 LPA
20 K - 10.46 L
5 - 19.2 LPA

Popular Private Data Science Colleges in India

40 K - 8.1 L
10 - 17.6 LPA
1 L - 14.25 L
3 - 8 LPA

Selected Applications open. Apply Now

10 K - 10 L
12 - 16 LPA
20 K - 10.46 L
5 - 19.2 LPA

Popular Data Science UG Courses in India

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

UG Courses

Popular Data Science PG Courses in India

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

PG Courses

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