MBA In Business Analytics Explained - Course Details 2024

More than 500 universities and institutes offer MBA in Business Analytics. Out of these 411 are privately owned and the government owns 36. CAT, MAT, XAT, ATMA, and NMAT are important examinations that must be conducted to enrol in an MBA in these universities. Top Universities and institutes include IIM Bangalore, IIM Calcutta, SP Jain Institute of Management, IIM Kashipur, NMIMS,  Amity University and many more. 

At present, Business Analytics is used in around every industry across various responsibilities with the same aim which is to uncover trends, patterns, correlations, and other essential insights from the data which can be effectively used to make decisions, enhance processes, and get strategic planning. With the effective use of business analytics, the business can get many profits by making business-driven decisions over gut feeling and intuition. In this blog, we will discuss the MBA in business analytics, its relevance, and how to learn it from the top colleges and institutions. 

MBA In Business Analytics 

Parameters	Details
Full Name of the course	MBA in Business Analytics
Duration of the programme	2 years
Entrance examinations	CAT, MAT, CMAT, XAT, GMAT and many more.
Fees of the programme	INR 8 lakhs to INR 22 lakhs
Average Salary	INR 4 lakhs to INR 6 lakhs
Subjects	Organisational behaviour, marketing management, decision sciences, financial decisions, managerial economics and many more.
Top Job profile	Financial Analyst, Business Analyst, Data Analyst, IT Business Analyst and many more.
Top Recruiters	Wipro, HCL, Deloitte, Infosys, TCS and many more.
Top Colleges	IIM Ahmedabad, IIM Lucknow, Symbiosis Institute of Management, IIM Bangalore and many more.

About MBA in Business Analytics

MBA in Business Analytics is an in-depth study that is aimed to improve and optimise resources, processes and other related topics. MBA in Business Analytics helps in the identification of the possible areas of improvement in the business. Also Read | What Is Business Analytics? How Does It work? 

The business Analytics process includes the understanding of how organisations work to accomplish their goals and defining the capabilities necessary to offer services and products to stakeholders. This covers the goals of the organisation, how the goals can be connected to specific objectives and also determining the courses that the company has to follow. 

Different Modes of MBA Course In Business Analytics

You can pursue an MBA in various modes. Here are the different modes of MBA:

Online MBA in Business Analytics	Regular MBA in Business Analytics	Distance MBA in Business Analytics
In online MBA in Business Analytics - the candidates are not required to take any entrance examination. They can enrol in the program directly.	In regular MBA the candidates must have to give the entrance examination to enrol in the program.	To enrol in a distance MBA, the candidates may or may not need to take the entrance examination.
There is no need to visit the university.	The candidates have to visit the university daily.	In distance MBA the candidates have to visit the university sometimes.
In Online MBA, the candidates have to take examinations and assignment submissions in online mode.	In a regular MBA program, the candidates have to take the examinations and submit the assignments in physical mode.	In distance MBA the candidate have to visit the university for examination and assignment submission.
The students get e-learning study material from the university in online mode.	In a regular MBA program, the candidates have to visit the university to get the study material and notes.	In distance MBA the candidates do not get much study material. They have to study on their own for examinations.

What are the top Online Universities offering MBA in Business Analytics?

Many universities offer an Online MBA in Business Analytics to students. The program is self-paced and offered by the top universities and institutes:

• MAHE Manipal Online 
• DY Patil University Online 
• Kurukshetra University
• Uttranchal University 
• Amity University Online 
• Chandigarh University Online
• UPES Online 
• LPU Online 
• Vignan University OnlineGLA University Online 
• IIM Kashipur 
• SRM University Online 

Why You Should Pursue an MBA in Business Analytics Online Instead of an MBA Business Analytics On-Campus?

If you are a working professional you must enrol in the Online MBA in Business Analytics. You can pursue an MBA in Business Analytics in any mode depending on your availability.

 The Online mode of an MBA gives you many benefits like:

• Flexibility: When you are enrolled in an Online MBA in Business analytics, you get the advantage of studying at your own pace. Depending on your availability you can study at your convenience from your home. 
• No need to attend lectures: You can study at your own pace in online mode. You are not required to take the live lectures compulsorily. You can take the recorded lectures to fulfil the attendance criteria. 
• E-learning material: You also get study material through LMS for studying for the examinations.
• No need to visit the university: The students are not required to visit the university daily. They can visit the university if the students want to meet the faculty in person, otherwise, there is no need to visit the university for any purpose. 
• Online examinations:The students are not required to visit the university for examinations as the examinations will be done in online mode. 
• Online assignment submission: The students can submit the assignments through the LMS. There is no need to visit the university which is a plus point for working professionals as they can give examinations from anywhere.

Business analytics can be used in various areas that are operations, finance, supply chain management, finance, sales and marketing and many more. MBA in Business Analytics helps organisations to make data-driven decisions that enhance the efficiency, and overall performance of the company. 

• An MBA in Business analytics is the in-depth exploration of the business and organisation of the data. 
• It is the application of statistical analysis that helps to give the performance insights of the company for help in building profit from the data. 
• The course includes computer simulation, decision analysis, optimization and artificial intelligence. 
• The course comprises two main fields of practice: one is business intelligence and the other one is advanced analysis. 
• Business Intelligence practices includes: Querying, Reporting and Online analytical processing. 
• Advanced Analytics practices includes: Cluster analysis, Data mining, Simulation Algorithms

What Is an MBA in Business Analytics for Working professionals?

MBA Business Analytics for Working Professionals is a course offered to students who are working professionals in any public and private firm. This PG-level degree is offered to working professionals in online mode. Many universities and institutes offer MBA in Online mode to the working professionals. 

Related Programs
Online MBA Courses	IIM Distance MBA
MBA for Working Professionals	Part Time MBA
Executive MBA for Working Professionals	MBA After MBBS
IIM Online MBA	IIM Distance MBA
MBA After BCA	MBA After BA
MBA After BTech	MBA After BSc
MBA After BCom	IIM Executive MBA Online

Benefits of MBA In Business Analytics to Make Profitable Businesses 

Implementation of business analytics can be very beneficial for people who wish to have a profitable business. Here are the main advantages of an MBA in Business Analytics: 

• Identification of the latest trends and patterns: With the help of Business Analytics you can identify the latest trends and patterns in the data by anticipating the market requirement and customers or action requirements. 
• Better Decision-making: With accurate and relevant data you will be able to make decisions better and faster. 
• Cost Reduction: The business Analytics course can help a company to know about the areas where company where company can reduce costs, to increase profits. 
• Better Operational Efficiency: With the help of business analytics tools you can easily find out about the problems and can work with better operational efficiency. 
• Growth opportunities identification: The business analytics application allows you to identify the areas of growth prospects. 

Why Study an MBA Business Analytics Course?

There are many reasons to study MBA in Business analytics. Here are the top reasons:

• MBA in business analytics provides knowledge and skills based on theoretical statistics, analytics and applied statistics that can be gained for better job opportunities. 
• The business Analytics field is very relevant in the market in every industry like marketing, finance, intelligence and consultancy. 
• After completion of the MBA in Business Analytics, there are various career opportunities like data analyst, technical team leader, data scientist, data mining expert and quantitative analyst. 
• After completion of the MBA in Business analytics, the candidate are very likely to be hired by Microsoft, Wipro, Infosys and many more. 
• The average salary of the data analyst ranges between INR 10 LPA to INR 17 LPA after getting some work experience. 

MBA In Business Analytics IIM

Many IIMs offer an MBA in Business Analytics to the students. The candidate gets the chance to pursue an MBA from the IIM in the field of Business Analytics. Here are the IIMs offering MBA in Business Analytics:

• IIM Bangalore  Business Analytics: IIM Bangalore offers post graduate programme in Business analytics. It is a master’s level program that is of two years full-time programme. This program is offered to equip the students to take leadership roles by using analytics and artificial intelligence to solve complicated business problems. The total tuition fee of IIM Bangalore for Business analytics is INR 24.50 Lakhs. 
• IIM Ranchi  Business Analytics: This postgraduate program in Business Analytics at IIM(Indian Institute of Management) Ranchi offers an MBA degree in Business analytics. The students must have to qualify for the CAT examination before getting into the programme. This program prepares the candidate to take up the leadership roles. The total tuition fee of IIM Ranchi for Business analytics is INR 16.10 Lakhs.
• IIM Kashipur Analytics: The IIM Kashipur offers an Analytics program to students that is a two-year program and is offered in fully residential mode. This program is specially designed for students interested in the field of data and analytics. The total tuition fee of IIM Kashipur for Business analytics is INR 10.17 Lakhs.
• IIM Ahmedabad Business Analytics: IIM Ahmedabad also offers an ePost Graduate Diploma in Advanced Business Analytics to the students. The candidate gets the chance to work in leadership roles after completion of this program. The total tuition fee of IIM Ahmedabad for Business analytics is INR 12 Lakhs.
• IIM Amritsar Business Analytics: You can also pursue a Business analytics MBA program from IIM Amritsar as well. The students enrol in this program after successfully clearing the CAT examination. The total tuition fee of IIM Amritsar for Business analytics is INR 14 Lakhs.
• IIM Mumbai Business Analytics: You can also opt MBA in Business Analytics from IIM Mumbai. You can take admission to an MBA in Business Analytics at IIM Mumbai after successfully clearing the CAT examination. Business analytics is the use of quantitative and statistical methods with technology to have insights and make an informed decision. This process involves collecting, organising and analysing data to know the pattern better. The total tuition fee of IIM Mumbai for Business analytics is INR 24.5 Lakhs.
• IIM Calcutta Business Analytics: IIM Calcutta also offers a PG Diploma in Business Analytics to the students. The total tuition fee of IIM Calcutta for Business analytics is INR 25 Lakhs.

MBA Business Analytics Admission Process 

If you are looking to enrol in the MBA in Business Analytics program, you need to fulfil certain eligibility criteria. After fulfilling those criteria you can proceed to the admission procedure. Here are the steps of the admission procedure:

• Firstly check the eligibility criteria to enrol in the university. You can enrol in the university only after taking the entrance examinations like CAT, MAT, XAT and others. 
• After appearing and clearing the entrance examination the colleges shortlist certain students for interview and GD round. 
• Once the candidate clears the GD and interviews round, the candidate gets admission to the respective university or institute. 
• University verifies all the documents and then give admission to the students. 

MBA Business Analytics Eligibility Criteria 

To get eligible for the MBA in Business Analytics you have to fulfil these eligibilities:

• Candidates must have completed a bachelor's degree with 50% marks aggregate and 45% marks for the reserved category students from a recognised university. 
• Students who are appearing in their final year can also apply for the entrance examination. 

MBA Business Analytics Entrance examination

As we have already discussed you can get into the MBA university or institute only after clearing the entrance examination. There are many entrance examinations conducted every year like CAT, MAT, XAT and many more. 

Here is the list of the entrance examinations to enrol in MBA Business Analytics: 

• CAT: It is the most common entrance examination that is opted by many students from all around the world. This examination is accepted by many business Colleges and universities including IITs, IIMs and others. 
• MAT: The Management Aptitude Test is taken 4 times in a year. It is taken in online and offline modes both. Colleges accepting this examination are PIET, NSHM Knowledge Campus and many more. 
• NMAT: This examination is conducted by the Graduate Management Aptitude Council. This is taken in online mode with over 75 days of periods between October to December. 
• CMAT: Common Management Admission test is of 3 hours duration and is conducted by The National Testing Agency. It is accepted by many universities and institutes like Great Lakes Institutes, IIMR Indore and many more. 
• XAT: This examination is conducted by XLRI Jamshedpur on behalf of XAMI and it is been 60 years now. It is a national-level test conducted nationally. 

Entrance Exam	Registration Deadlines	Exam Dates
CAT	August 3 – September 21, 2023	November 26, 2023
ATMA	November 29, 2023 – February 11, 2024	February 18, 2024
CMAT	2nd week of March 2024 (Onwards)	1st week of May, 2024
XAT	July 15 – November 30, 2023	January 7, 2024
SNAP	August 23 – November 23, 2023	Test 1: December 10, 2023 Test 2: December 17, 2023 Test 3: December 22, 2023
NMAT	January 05 – January 10, 2024	January 11 – January 15, 2024

How to prepare for the MBA business analytics entrance examination?

The MBA entrance examinations are extremely difficult and competitive. These examinations are hard to crack, but with the right strategy, you can easily clear the entrance examination. Here are some tips and tricks for you:

• Make sure to identify the examination pattern. Use previous year's papers to analyse the pattern.
• Have a copy of your syllabus. Prepare according to your syllabus 
• Make quick revision notes for a better understanding of the concepts. 
• You should be devoted to your goals and aims. 
• Revise shorter topics first for better understanding. 
• Revise mock tests and sample papers. 

MBA Business Analytics Syllabus

Here is the syllabus for the Business Analytics for Ist Year:

MBA Business Analytics Syllabus
Semester 1	Semester 2
Managerial Economics	Operations Management
Quantitative Methods	Financial Management
Management Information Systems	Human Resource Management
Marketing Management	Optimization Analytics
Financial Accounting	Financial Analytics
Statistical Analysis	Business Intelligence
Organizational Behaviour	Stochastic Modeling
Computational Methods	Managerial Communication
Data Modeling	Research Methods

Here is the syllabus for the Business Analytics for 2nd Year:

Semester 3	Semester 4
Risk Management	Operations and Supply Chain Analytics
Predictive Analytics	Strategic Management
Marketing Analysis	HR Analytics
Simulation Modeling	Ethical and Legal Aspects of Analytics
Industry Internship Programme	Professional Development
Data Mining	Big Data Analytics
Analytics Systems Analysis & Design	Project Management
-	Analytics Capstone Project
-	Elective Paper

MBA in Business Analytics Salary and Job Opportunities 

If you have skills and knowledge you can get amazing job and career opportunities after MBA business Analytics completion. Postgraduates can get jobs as Business analysts, Data analysts, Business Intelligence experts, Data Mining experts, Project managers and many more. 

You can get job and career opportunities in industries like financial services, healthcare, social media, retail, manufacturing, oil and gas, gaming and many more:

• Statistician: The statistician uses the methods and models to particular problem to make informed decisions. The main role is to analyse and interpret data to help the growing businesses with the essential decisions, query and logistical cases. The salary of the statistician in India ranges between INR 2 LPA to INR 17.2 LPA with an annual salary of INR 5.9 LPA.

source :  Ambition Box

• Data Scientist: The main job of the Data Sceintist is collecting the data, analysing it and then interpreting the results out of it. The people in data science profession are responsible for mining important information from various group of sources and then creating it into valuable insights, that can gain business. The average salary in India for Data Sceintist is INR 3.9 LPA to 28 LPA with the average package of INR 14.5 LPA. 

source :  Ambition Box

• Market Research Analyst: The Market Research Analyst helps in the evaluation of the data with the help of statistical techniques and some software. The salary range of the market research analyst ranges between INR 2 LPA to INR 7.5 LPA with an average salary of INR 4 LPA. 

Source:  Ambition Box

• Business Analyst: The candidate can also become Business analyst after the completion of MBA in Business analytics. The salary of the senior Business Analytst in India is in the range between INR 5 LPA to INR 25 LPA with an average salary range of INR 14.9 LPA.

 

Source:  Ambition Box

• Project Manager: The role of project manager is very vital for any company. The main job role of the project manager is to ensure that the projects meet the deadline and stay in the budget and also must adhere to the quality. The salary for a project manager ranges between INR 4.2 LPA to INR 30 LPA with an average salary of INR 17.4 LPA.

Source:  Ambition Box

• Quantitative Analyst: The main role of quantitative analysts is designing, developing and implementing the algorithm and mathematics of statistical models that help to solve a particular financial problem. The salary of a Quantitative Analyst in India ranges between INR 2.6 LPA to 38 LPA with an annual salary of INR 18.6 LPA. 

Source:  Ambition Box

• Predictive Modeller: The role of a predictive modeller is to dig up new customer insights and predict the behaviour of products and services in the market. The average salary of the Predictive modeller in India ranges around INR 7.1 LPA.

 

Source:  Ambition Box

• Operations Analyst: The main role of an Operation Analyst is to identify and solve issues related to the performance of the business operations. The salary in India ranges between INR 2.4 LPA to INR 8.3 LPA with an average annual salary of INR 5.1 Lakhs.

Source:  Ambition Box

• Big Data Analyst: The main role of Big Data Analyst is to collect the data, clean data, design and implement relational databases, data processing and many more. The salary of a Big Data Analyst in India ranges between INR 2.5 LPA to INR 17.0 LPA.

Source:  Ambition Box

• Machine Learning Engineer: The main role of a machine learning engineer is to do research, build and design the artificial intelligence that is responsible for machine learning and improving and maintaining existing artificial intelligence systems. The salary ranges between INR 3 LPA to INR 22.5 LPA with an average salary of INR 10.4 LPA. 

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Source:  Ambition Box 

MBA in Business Analytics Colleges in India 

An MBA degree is an academic course that aims to offer in-depth knowledge about management and marketing. The syllabus of the MBA includes marketing, organisational behaviour, supply chain management, principles of management, operations management and many more. Top companies that offer recruitment to students after an MBA are Amazon, Apple, Accenture, Bain and Company, Deloitte, Citigroup, Facebook and many more. Some various universities and institutes offer MBA in Business Analytics. You can get to a top university after taking and clearing the examination. 

Particulars	Parameters
No. of Colleges	500+
Top Colleges	IIM Bangalore, IIM Calcutta, NMIMS School of Business Management, S.P. Jain Institute of Management and Research, NIT Trichy, IIM Kashipur, Amity University Noida, etc.
Annual Fees	< INR 1 lakh: 13 colleges INR 1-2 lakh: 66 colleges INR 2-3 lakh: 51 colleges INR 3-5 lakh: 109 colleges > INR 5 lakh: 275 colleges
Admission Process	Entrance Based: CAT, MAT, XAT, CMAT, ATMA, SNAP, NMAT, etc.

MBA In Business Analytics Fees

Here are the top MBA Business Analytics Colleges and Fees :

Top Colleges	Total Tuition Fee
IIM Bangalore	INR 25 lakh
SPJIMR	INR 15 lakh
IIM Kashipur	INR 17 lakh
Great Lakes Institute of Management Chennai	INR 9 lakh - INR 11 lakh
Amity University Noida	INR 13 lakh
NMIMS School of Business Management Mumbai Admission	INR 24 lakhSeats: 990
SPJIMR Admission	INR 15 lakh
IMI Kolkata Admission	INR 10 lakh
Amity University Noida Admission	INR 13 lakh
Birla Institute of Technology Mesra Admission	INR 6 lakh
SRM IST Kattankulathur	INR 9 lakh
SPSU - Sir Padampat Singhania University	INR 5 lakh
Wisdom School of Management for Distance Education	INR 29,000
Amity University Noida	INR 13 lakh
IMT Ghaziabad	INR 19 lakh
Jaipuria Noida	INR 14 lakh
Great Lakes Institute of Management, Gurgaon	INR 7 lakh
NMIMS School of Business Management, Mumbai	INR 24 lakh
SPJIMR	INR 22 lakh
NMIMS, Mumbai	INR 10 lakh
Welingkar Mumbai	INR 14 lakh
Amity University Noida	INR 13 lakh
IMT Ghaziabad	INR 19 lakh
Jaipuria Noida	INR 14 lakh
Galgotias University	INR 3 lakh
IIM Calcutta MBA	INR 25 lakh
IIM Bangalore MBA	INR 25 lakh
IIM Ranchi MBA	INR 16 lakh
IIM Kashipur MBA	INR 17 lakh
Great Lakes Institute of Management, Chennai MBA	INR 9 lakh - INR 11 lakh
GJUST	INR 58,000
Delhi School of Economics	INR 2,000
SRM Easwari Engineering College	INR 70,000
St. Joseph's College of Engineering	INR 35,000
SNS College of Technology	INR 35,000

Top Universities/Colleges In India offering MBA in Business Analytics 

Here are the top universities/colleges in India offering MBA in Business Analytics:

Top Universities/Colleges In India offering MBA in Business Analytics
IIM Bangalore - Indian Institute of Management, Bangalore	Woxsen School of Business - [WSB], Hyderabad
IIFT Delhi - Indian Institute of Foreign Trade, New Delhi	Department of Commerce, University of Delhi, New Delhi
MDI Gurgaon, Gurgaon	Prin. L.N. Welingkar Institute of Management Development & Research - [WeSchool], Bangalore
School of Business Management, NMIMS University - [SBM NMIMS], Mumbai	Xavier Institute of Management and Entrepreneurship - [XIME], Bangalore
Symbiosis Centre for Management and Human Resource Development - [SCMHRD], Pune	Amrita Vishwa Vidyapeetham, Coimbatore
IIM Ranchi - Indian Institute of Management, Ranchi	Amity University, Noida
IIM Amritsar - Indian Institute of Management, Amritsar	Lovely Professional University - [LPU], Jalandhar
Symbiosis Institute of Business Management - [SIBM], Bangalore	University of Petroleum and Energy Studies - [UPES], Dehradun
Jagdish Sheth School of Management - [JAGSOM], Bangalore	Chandigarh University - [CU], Chandigarh
Prin. L. N. Welingkar Institute of Management Development & Research - [WeSchool], Mumbai	Institute of Management Studies - [IMS], Ghaziabad
Taxila Business School - [TBS], Jaipur	ISM Dhanbad - Indian Institute of Technology - [IITISM], Dhanbad
Birla Institute of Management Technology - [BIMTECH], Greater Noida	IIEBM Indus Business School - [IIEBM IBS], Pune
LBSIM- Lal Bahadur Shastri Institute of Management, New Delhi	Indus Business Academy - [IBA], Bangalore
BITS Pilani (Pilani Campus), Pilani	Institute of Public Enterprise - [IPE], Hyderabad

Conclusion 

You can apply for the Online MBA in Business Analytics without taking any entrance examination. You can directly take admission to this program. To enrol in a regular MBA program, the candidates need to take the entrance examinations like CAT, XAT, MAT and many more.