Data Science is a young professional as it is still developing. However, it is growing at a rapid pace because of the enormous amount of data generated every day across the globe. This has led to an increased demand for data science professionals.
Earlier, the need was for technical job roles in the field such as Data Scientists, Data Engineers, Data Architects, and Data Analysts. However, as the industry is growing, the need for better management has increased as well. Management roles in Data Science are designed to enhance the efficiency of the Data Science department of any organisation. Here is the detailed guide about data science salary!
What Is MBA In Data Science Course?
MBA in Data Science is a course that produces professionals with both analytical skills and business management skills. An MBA in Data Science course is equipped with fundamental knowledge of the technical data science subject as well as the practical knowledge of management and business analytics.
Data science has become a very important part of our everyday lives. This is why most of the online businesses today are highly data-driven. However, merely using data science is not enough to grow a business. You must know how to make a profit using this data science. This is why MBA graduates are needed who can employ business and marketing strategies to make the most out of Data Science.
But since data science is a highly technical field, MBA graduates must also have this technical knowledge to maximise productivity. This is why experts have come up with an MBA degree focused on the discipline of Data Science as an MBA in Data Science course.
Best Online Colleges for MBA with Specialization in Data Science
|Data Science Colleges In India||MBA with Specialization In Data Science|
|Amity University Online||MBA in Data Science|
|Jain Online University||MBA in Business Intelligence & Analytics|
|Manipal Online University||MBA in Analytics and Data Science|
|Shiv Nadar University (SNU)||MBA in Data Science & Analytics|
|Mizoram University||MBA in Big Data Analytics|
MBA for Data Science Fees and Duration
MBA is apparently one of the most expensive courses in India. However, the onset of online education has proved to be a boon for those who were earlier unable to pursue MBA due to tremendously high fees.
This is because colleges now offer extremely affordable online MBA degrees in various specialisations. MBA in Data Science is one such online MBA degree which gives you knowledge of both these domains- Data Science as well as Management and that too at a very pocket-friendly price.
MBA with Specialization In Data Science Duration: This is a professional 2-year degree course.
The average total fee for an online MBA in Data Science in India is ₹2 lac.
But this is just an average fee, the exact total fee for MBA in Data Science varies across colleges. This depends on the type of facilities and the curriculum that the college offers.
Given below is the total fee for the MBA in Data Science programs at different universities.
|MBA Data Science Online Colleges||MBA with Data Science Specialization||MBA In Data Science Fees|
|Amity University Online||MBA in Data Science||₹2,80,000/- (semester-wise payment)
₹2,55,000/- (one-time Payment)
|Jain Online University||MBA in Business Intelligence & Analytics||₹2,00,000/- (National)
|Manipal Online University||MBA in Analytics and Data Science||₹1,50,000/-|
|Shiv Nadar University (SNU)||MBA in Data Science & Analytics||₹4,00,000/-|
|Mizoram University||MBA in Big Data Analytics||₹48,000/-|
MBA Data Science Eligibility
The eligibility for MBA in Data Science is quite simple as the program is designed in a way that even people with non-technical backgrounds can pursue it. The course covers basics to advanced study of both the technical and management subjects so that the learners are not at any disadvantage at all.
The eligibility for the program is:
- The candidate must have an undergraduate degree (of at least 3 years) in any discipline from a UGC recognized university.
- The candidate must have scored at least 50% marks or equivalent in the 10+2+3 qualifying exams.
- The candidates who are still in the final semester of their undergraduation are also eligible and can apply for the course.
The above-mentioned requirements are just the minimum criteria. Therefore, candidates with an academic background in Computer Science/ Information Technology or working professionals in the IT sector have an edge and are usually preferred for admission. This is because an online MBA in Data Science is different from a General MBA as the specialisation of Data Science makes it a technical course as well.
MBA for Data Science Admission Procedure 2022
The admission procedure for an online MBA in Data Science is quite simple as it can be done completely. Every university follows almost a similar procedure for admission in the online MBA courses.
So you can follow the given steps below for admission in MBA in Data Science at any university.
Step 1- Go to the official website of the chosen university. Some universities have a separate official website for their online courses so you must visit the online one.
Step 2- Go to the Programs section and select the MBA in Data Science program and then click on “Apply Now”.
Step 3- Now fill up the application form with all your personal and academic details. You will also have to upload the necessary documents like your qualifying examination marksheet and bachelor’s degree, work experience certificate (if any), and your photo identity proof.
Step 4- After you successfully fill up the application form, check it once before moving forward. Now pay the application fee through the given online transaction methods.
Step 5- After paying the application fee, you will have to wait for the university response while they verify your documents and process the application fee. Once verified, your admission status will be confirmed and you will be notified about the same via email or SMS. You will receive further onboarding details as well.
Is the Entrance Exam required for MBA in Data Science?
There is usually no entrance exam required for the online MBA in Data Science. However, it totally depends on the university if they wish to test their applicants in cases like when there are more applicants than the vacant seats.
For the offline MBA on the other hand, an entrance exam is mandatory for admission. Entrance exams like CAT, XAT, SNAP, NMAT, MAT, GMAT, etc. Read: Online MBA Admission Guide Step by Step!
MBA In Data Science Syllabus & Tools
Even though the course is a Management course, the learners still need technical knowledge as the Data Science course is a highly technical field. So, there are certain technical tools and programming languages that are taught in the MBA in Data Science program.
MBA In Data Science Development Tools
MBA In Data Science Syllabus Overview 2022
|Accounting for Managers||Financial Reporting & Analysis|
|Managerial Economics||Human Resource Management|
|Managerial Accounting||Business Leadership and Organisational Behaviour|
|Data for Decision Making||Legal Aspects of Business|
|Marketing Management||Professional Ethics|
|Professional Communication||Corporate Finance|
|Statistics for Management||Strategic Management|
|Data, Technology & Analytics for Business||Design Thinking & Innovation|
|Business Research Methods||Operations Management|
|Conflict Resolution and Management||Digital Marketing|
|Financial Management||Management in Action – Social Economic and Ethical Issues|
To find a detailed syllabus guide click here.
MBA In Data Science Career Prospects
Not many universities in India offer the MBA in Data Science course as it is still a young and developing course. However, the potential of the course is immense which is evident from its growing popularity of the course. And this is why it is expected that many more colleges are going to launch the MBA in Data Science course in the near future.
The MBA in Data Science is becoming popular especially among young IT professionals and for all the right reasons. Let us know why.
Pursuing MBA after B.Tech has become quite a common trend in recent times. Engineers see a lot of potential in managerial roles. However, they have to leave their technical background and jump into the management and business environment.
Now with the MBA in Data Science, engineers can pursue the prestigious MBA degree and they do not have to waste their technical knowledge and experience at the same time. In fact, this technical knowledge and experience gives them an edge over candidates with non-technical backgrounds.
Now if you ask about the career prospects and future scope, then you should know that the data science career path is currently one of the top industries in the world in terms of career and job. And this trend is going to continue for sure because Data Science has just started on and has a long long way to go.
Each and every business or organisation that works on digital data needs data science experts. And since the data is increasing tremendously day by day, the data science departments at these companies are also expanding.
People are getting more and more dependent on data science as it is making their day-to-day life easier. Therefore, there is a need to make judicious use of data science and cleverly use it to the benefit of the business, which can be done by management graduates who also possess technical knowledge of the data science subject.
Therefore, you can rest assured of a comfortable, long, and secure career after pursuing an online MBA in Data Science.
MBA in Data Science Job and Salary In India
Now you must be wondering about the type of jobs you will get after completing your MBA in Data Science. Given below are the job roles and the salary that they get, for your reference.
|Job Role after MBA In Data Science||Average Base Salary|
|Chief Technology Officer||₹29,97,196/-|
|Market Research Analyst||₹3,35,058/-|
The above-mentioned salary is just the average base salary. There are other allowances and bonuses included in the entire salary package. Read: MBA Online Salary and Advantages!
Also, the experience of the individual greatly affects the salary. You can see this from the example below.
The average total salary of an entry-level Product Manager with less than 1 year of experience is around ₹8,22,118/-.
The average total salary of a Product Manager with 1-4 years of experience is around ₹13,20,900/-.
The average total salary of a Product Manager with 5-9 years of experience is around ₹17,80,107/-.
The average total salary of a Product Manager with 10-19 years of experience is around ₹21,78,755/-.
The average total salary of a Product Manager with more than 20 years of experience is around ₹34,00,000/-.
So, you can clearly see the vast difference in the salary as compared to the experience. This is why experience in the field of Management is considered as a very important prerequisite. However, you gotta start somewhere to gain experience for which MBA in Data Science is a great choice due to the good salary packages offered to even freshers. Read: Average MBA Salary As Per Specialization!
MBA In Data Science Placements
MBA in any stream is one of the most preferred courses worldwide.
Why is that so?
This is because of the amazing placement opportunities accompanied by an MBA degree.
Online MBA in Data Science is no exception. You just need to find the right place for guidance. This is where choosing the right online college becomes very very crucial.
There are the best online mba colleges that only focus on the academic growth of the learners. While there are other colleges that focus on the holistic development of their learners in both academic and practical aspects. They not only help them academically, but also with their career paths through placement assistance.
A good college provides placement assistance to their learners in the forms of:
|Career counselling||Resume writing|
|Virtual job fairs,||CV building|
Best Offline Colleges for MBA In Data Science
Two of the very reputed b-schools in India in terms of Management now offer an MBA degree in Data Science.
|Offline MBA In Data Science Colleges In India||Offline MBA with Specialization In Data Science|
|KJ Somaiya Institute of Management||MBA in Data Science and Analytics MBA-DSA|
|Symbiosis Centre for Information Technology (SCIT)||MBA in Data Science and Data Analytics|