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Imagine transforming complex data into clear answers that lead businesses to success. This is the power of business analytics, a rapidly growing field in demand! With an average salary of ₹9.5 lakh and the potential to reach ₹16.4 lakh.
There are over 500 colleges across India offering MBA programs in Business Analytics. The majority (411) are private institutions, while 36 are public/government and just 1 falls under a public-private partnership.
Entrance Exams: Top MBA programs are competitive; most require entrance exams, including CAT, MAT, XAT, CMAT, ATMA, and NMAT. Scoring well on one of these exams is crucial for securing a seat in a prestigious program.
What is an MBA in Business Analytics?
As per a report by Allied Market Research, the Global Big Data and Business Analytics Market is expected to grow at a CAGR of 10.9% to reach $420 Billion by 2027.
An MBA in Business Analytics is a postgraduate program combining business administration’s core principles with specialized training in data analysis and statistics. This unique blend equips you with the skills to make data-driven decisions and solve complex business problems. MBA core topics:
- Management
- Leadership
- Economics
- Finance
- Marketing
- Operations management
These are combined with data-focused topics like:
- Social media analytics
- Data science in markets
- Marketing Analytics
- Regression analysis
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What will you learn?
The curriculum of an MBA in Business Analytics typically covers a range of subjects, including:
- Data Mining: Extracting valuable information from large datasets.
- Decision Models: Building and applying statistical models to support business decision-making.
- Data Visualization: Creating clear and compelling charts and graphs to communicate insights.
- Data Acquisition and Preparation: Collecting and cleaning raw data for analysis.
- Customer Analytics: Using data to understand customer behavior and improve marketing strategies.
Benefits of an MBA in Business Analytics
- High Demand: Business Analysts, Data Analysts, and other data-related professions are in high demand across industries.
- Career Advancement: An MBA in Business Analytics can open doors to leadership roles in business analytics and data science.
- Well-rounded Skills: You’ll gain a strong foundation in business fundamentals along with specialized technical skills.
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Top Colleges/Institutes offering PGDM/MBA in Business Analytics in India:
| No. | College/Institute | Location |
| 1. | IIM Calcutta | West Bengal |
| 2. | IIM Bangalore | Karnataka |
| 3. | ISB Hyderabad | Telangana |
| 4. | Taxila Business School | Jaipur |
| 5. | IIT Kharagpur | West Bengal |
| 6. | SP Jain | Maharashtra |
| 7. | Great Lakes | Chennai |
| 8. | IBS | Hyderabad |
| 9. | SVKM’s Narsee Monjee | Mumbai |
| 10. | Prin L.N. Welingkar Institute of Management Development and Research | Mumbai |
| 11. | Indian Institute of Social Welfare and Business Management | Kolkata |
| 12. | GITAM Hyderabad Business School | Hyderabad |
| 13. | IFMR GSB | Andhra Pradesh |
| 14. | LBSIM | New Delhi |
| 15. | CMS Business School, Jain University | Bangalore |
| 16. | Chandigarh University | Chandigarh |
| 17. | PIEMR | Indore |
| 18. | ISAR | Bangalore |
| 19. | IISWBM | Kolkata |
| 20. | NIRMA University | Ahmedabad |
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Eligibility Criteria for a PGDM in Business Analytics
As per AICTE for PGDM
- A Bachelor’s degree from a recognized university with a minimum of 50% marks (45% for reserved categories) is required.
- Admission is typically based on entrance exams like CAT, MAT, GMAT, or XAT.
- Some business schools may conduct their entrance exams.
What to Expect in a PGDM in Business Analytics
A PGDM in Business Analytics prepares you for leadership roles by providing a comprehensive understanding of:
Core Business Functions: You’ll gain a strong foundation in business operations and management through courses like
- Business Accounting
- Finance
- Marketing Management
- Entrepreneurship
Essential Business Skills: The program hones both “hard” skills (quantitative analysis) and “soft” skills (communication, teamwork) crucial for success in any business environment.
Business Analytics Specialization:
- Analyze business problems from a data-driven perspective.
- Make use of the latest business analytics tools for data analysis.
- Work on real-world case studies and projects involving actual data.
- Gain valuable insights and practical advice from experienced faculty.
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MBA in Business Analytics Colleges in India with NIRF Ranking
| College Name | NIRF 2021 | NIRF 2022 | NIRF 2023 |
| IIM Bangalore | 2 | 2 | 2 |
| IIM Calcutta | 3 | 3 | 4 |
| IIM Ranchi | 21 | 15 | 24 |
| SPJIMR | 19 | 21 | 20 |
| IIM Kashipur | 33 | 23 | 19 |
| NMIMS | 22 | 25 | 21 |
| Amity University, Noida | 29 | 28 | 28 |
| Great Lakes Institute of Management, Chennai | 24 | 31 | 31 |
| LPU | 37 | 34 | 32 |
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Importance Of Pursuing an MBA In Business Analytics
MBA in Business Analytics enables students to achieve an MBA degree with in-depth knowledge in analytics. This specialization is a strategic choice for ambitious professionals because the business world is full of data. However, data is useless without the ability to transform it into meaningful insights. An MBA in Business Analytics equips you with precisely this skill set.
High Demand, Rewarding Careers
Businesses across various industries are increasingly relying on data to make informed decisions. This has increased the demand for professionals who can analyze data effectively and extract meaningful insights. The MBA in Business Analytics provides the skills and knowledge to make it in this dynamic environment.
A Wide Range of Career Opportunities
A strong foundation in business analytics opens doors to a wide range of exciting careers. Whether your interests lie in finance, marketing, operations, or any other field, the ability to analyze and interpret data is highly sought-after by employers.
Earning Potential and Career Advancement
Business analytics expertise is a valuable commodity, and professionals with this skill set often command higher salaries. An MBA in Business Analytics can give you a competitive edge in the job market and help you negotiate better compensation packages.
Strategic Decision Making
Business analytics empowers organizations to make informed decisions based on data rather than intuition. An MBA in Business Analytics equips you to leverage data for strategic decision-making, giving your organization a significant competitive advantage.
Building Your Network
An MBA program provides a platform to build valuable connections with industry professionals, potential employers, and peers. This network can be instrumental in advancing your career and opening doors to new opportunities.
Entrepreneurial Journey
If you dream of starting your own business, a strong foundation in business analytics can be a game-changer. You can leverage data analytics to identify market trends, understand customer behavior, and make data-driven decisions to propel your business forward.
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Best Government MBA Colleges in Business Analytics in India in 2024
| Rank | College Name | Location | Fees (INR) |
| 1 | Indian Institute of Management (IIM) | Bangalore | INR 8,65,000 (Non-residential, Excluding GST) |
| 2 | Indian Institute of Management (IIM) | Kolkata | INR 5,50,000 PlusTaxes |
| 3 | Vinod Gupta School of Management (IIT) | Kharagpur | INR 11, 75,336 |
| 4 | Indian Statistical Institute (ISI) | Kolkata | INR 1,45,318 |
| 5 | National Institute of Industrial Engineering (NITIE) | Mumbai | INR 6,72,000 |
| 6 | Xavier Institute of Management (XIMB) | Bengaluru | INR 11,50,000 |
| 7 | Indian Institute of Management (IIM) | Kashipur | INR 19,00,000 |
| 8 | Indian Institute of Foreign Trade | Delhi | INR 48,770 |
| 9 | School of Management Studies, University of Hyderabad | Hyderabad | INR 1,45,318 |
| 10 | Department of Management Studies, IIT | Madras | INR 2,00,000 |
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Top 10 Private B-Schools for Business Analytics in India
| Rank | MBA College Name (Private) | Location |
| 1 | Indian School of Business (ISB) | Hyderabad |
| 2 | Great Lakes Institute of Management | Chennai |
| 3 | Taxila Business School | Jaipur |
| 4 | XLRI Xavier School of Management | Jamshedpur |
| 5 | SP Jain Institute of Management and Research | Mumbai |
| 6 | Symbiosis Centre for Management and Human Resource Development | Pune |
| 7 | International School of Business & Media (ISB&M) | Pune |
| 8 | Amity University/ Taxila Business School | Noida |
| 9 | Institute of Management Technology (IMT) | Ghaziabad |
| 10 | ICFAI Business School (IBS) | Hyderabad |
Reference:https://en.wikipedia.org/wiki/Indian_Institutes_of_Management
Career Options with a PGDM/MBA in Business Analytics
- Business Analyst
- Business Analyst Industry Expert
- Data Analyst and/or SAS Programmer
- Business Analyst Project Manager
- Big Data Analyst
- Data Warehousing Expert
- Business Intelligence Expert
- Data Mining Expert
- Marketing Manager
- Personal Financial Advisor
- Financial Analyst
- Management Analyst
- Business Intelligence Analyst
- Business Analytics Specialist
- Management Consultant
- Operations Analyst
- Supply Chain Analyst
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Which institute is best for Business Analytics in India?
Indian Institute of Management Calcutta (IIMC)
- Legacy B-School with strong analytics programs
- Focus on data-driven decision making
- Excellent industry placements
Indian Institute of Management Bangalore (IIMB)
- Top Ranked B-School (Various Sources)
- Top-notch placements in Analytics roles
- Renowned faculty & Industry collaborations
Taxila Business School
- Renowned for its Industry-focused programs
- Strong track record in Business Analytics placements
- Experienced faculty with real-world expertise
Indian School of Business (ISB) Hyderabad
- Premier Business School with Global Recognition
- Specialization in Business Analytics & Big Data
- Strong focus on leadership & communication
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Indian Institute of Technology Kharagpur (IIT Kgp)
- Prestigious Tech Institution with strong Analytics programs
- Focus on Data Science & AI applications
- Excellent alumni network in data-driven fields
SP Jain Institute of Management & Research (SPJIMR)
- Top Ranked B-School (Various Sources)
- Blend of Business & Technology Education
- Strong International connections for placements
Great Lakes Institute of Management
- Specialized programs in Business Analytics
- Focus on practical skills & problem-solving
- Strong alumni network in Analytics Consulting
IBS Hyderabad
- A diverse range of Business Analytics specializations
- Excellent faculty & industry collaborations
- Focus on developing well-rounded business professionals
SVKM’s Narsee Monjee Institute of Management Studies (NMIMS)
- Located in India’s financial hub (Mumbai)
- A diverse range of Business Analytics programs
- Strong emphasis on quantitative skills
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Prin. L.N. Welingkar Institute of Management Development & Research (WeSchool)
- Renowned for its progressive & innovative programs
- Specialization in Business Analytics & Marketing
- Focus on developing future-ready professionals
Can I appear for CAT to pursue Business Analytics?
Yes, the CAT (Common Admission Test) is a widely accepted entrance exam for MBA programs in India, including those specializing in Business Analytics.
- Scoring well on the CAT increases your chances of admission to top B-Schools offering Business Analytics programs.
- However, some institutes might have additional requirements or their own entrance exams.
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What is the minimum qualification required to pursue PG courses in Business Analytics?
The minimum qualification for PG Business Analytics programs in India typically involves these:
- Bachelor’s Degree: A Bachelor’s degree in any discipline from a recognized university is usually required.
- Minimum Percentage: Many institutes set a minimum percentage requirement ranging from 50% to 70%.
- Entrance Exams: Scoring well in entrance exams like CAT, GMAT, or institute-specific tests can strengthen your application.
What is the mode of study in Business Analytics colleges in India?
Business Analytics colleges in India offer a variety of study modes to cater to different needs:
- Full-Time: Traditional on-campus program with daily classes and a structured schedule.
- Part-Time: Evening or weekend classes, ideal for working professionals seeking flexibility.
- Online: The entire program is delivered virtually, offering maximum flexibility for remote learners.
- Distance Learning: Self-paced learning with study materials and occasional contact sessions.
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