Top MBA Business Analytics colleges like IIMB, IIMC, NIMS, and others offer entrance exams as a means of admission. Those who pass the entrance exam's cutoff move on in the selection process. The entrance exam differs between institutions. However, the CAT is one of those tests that is widely accepted in all colleges. The MAT, XAT, GMAT, CMAT, and other more well-known management entrance exams are some examples. Students can apply for jobs as a data analyst, project manager, statistician, predictive modeler, etc. after earning this degree. For two years, the course focuses on topics like marketing, artificial intelligence, decision analysis, statistics, and many more. In India, the average course fee ranges from INR 5- 15 LPA. The cost of the course, however, varies depending on the university. Students can apply for jobs as a data scientist, statistician, predictive modeler, quantitative analyst, etc. after completing the course. These professionals make an average salary between INR 8 and 16 LPA.""
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What does MBA Business Analytics entail?
To learn more about MBA Business Analytics, please see the following:
MBA Business analytics is a methodical investigation of the data for businesses or organizations.
Using statistical analysis, it provides information about their performance, aids businesses in making improvements, and helps them make money.
The course covers a variety of topics, including computer simulation, optimization, statistics, decision analysis, and artificial intelligence.
Business intelligence and advanced analytics are the two practise areas covered in the course.
Among the business intelligence techniques are:
Advanced Analytics techniques for online analytical processing include:
Algorithms for Simulating Data Mining
The descriptive, predictive, and prescriptive analysis that offers immediate solutions to business-related issues is the main part of MBA Business Analytics.
MBA Business Analytics: Highlights of the Course
The following are some of the course's key highlights.
|Course Level||Post Graduate|
|Full- form||Master of Business Administration in Business Analytics|
|Eligibility||Graduation with minimum 50% from a recognized university.|
|Course Fee||INR 5- 15 LPA|
|Average Salary||INR 8- 16 LPA|
|Top Recruiting Companies||HCL, Google, Godrej, Amazon, Motorola, Oberoi, HP, Indusind Bank, etc|
|Data Scientist, Statistician, Predictive Modeller, Quantitative Analyst, Project Manager, Market Research Analyst, etc|
Why Take the MBA Course in Business Analytics?
For job chances, an MBA in Business Analytics provides skills and expertise in analytics, applied statistics, and theoretical statistics.
Each industry, including marketing, finance, consulting, intelligence, etc., can benefit from using business analytics.
Data analyst, data scientist, technical team leader, data mining expert, and qualitative analyst are just a few of the many employment choices it provides.
These students can find jobs at prestigious firms like Microsoft, Infosys, Wipro, Google Tata Group, Facebook, LinkedIn, etc.
Excellent compensation packages are provided, with the typical range being between INR 8 and 16 LPA.
For the following reasons, MBA Business Analytics is highly sought after by a variety of businesses:
Business questions are answered more quickly by the course.
A deeper understanding of consumer behaviour is included with an MBA in Business Analytics.
It offers the businesses on-demand business metrics reporting.
Admissions for MBA programs in business analytics
Most prestigious universities, including IIMC, IIMB, NIT Trichy, and others, provide entrance tests as part of the admissions process. The exams that are approved differ by university. Popular entry examinations include the CAT, MAT, CMAT, and GMAT.
The steps for MBA Business Analytics Admission are listed below:
Step 1: Candidates must pass an entrance exam in addition to having earned their diploma. Register for the entrance tests that the colleges you want to apply to accept.
Step two is to show up for the entrance exam.
Step 3: Cut off lists and the shortlisting of applications by colleges are created based on test scores. To continue with the admissions process, you must surpass the cut off.
Step 4: After passing the exam, be ready to participate in a group discussion, attend an interview, or take a written ability test. These are carried out to further assess the students' abilities.
Step 5: After successfully completing the admissions process, you can enrol in the relevant college. Following the verification of all authentic academic and personal documents, students are admitted to the college.
MBA Eligibility Business Analytics
The following requirements must be met by students in order to be eligible to pursue an MBA in Business Analytics:
completed a Bachelor's degree from an accredited university with a minimum cumulative GPA of 50% (45% for SC/ST category).
The application process is open to students who have submitted their final exams or are awaiting their final results.
MBA entrance exams for business analytics
To be accepted into the MBA Business Analytics programme and meet the cutoff set by the university or college, you must take an entrance exam.
Students should research the entrance exams the colleges they want to apply to accept and take those.
Other MBA Business Analytics Entrance Exams include the following:
The Common Aptitude Test (CAT 2023) is administered online. The majority of business colleges, including IITs and IIMs, among others, accept it.
MAT 2022: Four times a year, the Management Aptitude Test is given. Both online and offline delivery options are available. NSHM Knowledge Campus, PIET, and other colleges are a few that accept it.
NMAT 2022: The Graduate Management Aptitude Council will be administering the NMAT. It is an online test that is taken from October through December over a 75-day span.
The Common Management Admission Test (CMAT 2023) is a three-hour online test offered by The National Testing Agency. Colleges like Great Lakes Institute, IIMR Indore, and others accept it.
XAT 2023: For more than 60 years, XLRI Jamshedpur has been holding this examination on behalf of XAMI. It is a national aptitude examination.
|Entrance Exams||Application Period||Exam Date||Exam Mode|
|CAT||August, 2023||November 2023||Online|
|MAT||December 28 – February 2023||February 26 – 27, 2022 (IBT Mode)
March 05, 12 & 13, 2023 (IBT Mode)
March 06, 2023 (PBT)
|Pen Paper Based/ Computer-Based Mode and Internet-Based Tes|
|NMAT||To be Announced||To be Announced||Online Computer Based Test|
|CMAT||February 16 – March 17, 2023||April 9, 2022 (3:00 PM to 6:00 PM)||Online|
|XAT||August, 2023||January 1, 2023||Online|
What should I study for the MBA Business Analytics Entrance Exams?
The following are the sections from which the management entry questions are drawn:
Comprehension of reading and verbal reasoning
Using logic and interpreting data
Quantitative reasoning and aptitude
Here are some recommendations for your preparation in order to pass challenging entrance exams like the CAT, MAT, XAT, and NMAT:
Choose the entrance exam you want to take and make a note of the entire syllabus.
For best outcomes, get ready as soon as you can. The syllabus should not be covered until the very end.
Give as many practise exams as you can to become more familiar with the format and content of the entrance exam paper.
Draw attention to the strong and weak areas. To avoid losing marks while attempting them, concentrate more on the areas where you are weaker.
If the exam is approaching, disregard the unfinished curriculum and concentrate on solidifying everything you already know.
To stay on track, adhere to a proper schedule.
How can I get into a reputable MBA Business Analytics college?
The advice listed below will help you get accepted into a reputable MBA business analytics college in India:
Make sure you earned a bachelor's degree with a solid percentage.
Study the material on the syllabus that has been marked for the tests. Utilize the assistance of suggested reading lists, practise exams, and past papers.
Make every effort to use the necessary cutt-offs to crack the openings.
Even after being selected, one must psychologically prepare for the next phases, which include group discussions and personal interviews.
Keep the exam dates, including registration, receiving the admit card, and the exam day, in mind.
Stay committed to your objectives while keeping up with international events.
MBA Colleges Business Analytics
Some of the best MBA Business Analytics Colleges in India are included below along with typical tuition costs, salaries, and locations.
|College Name||Location||Average Annual Fees (INR)||Average Annual Salary (INR)|
|Indian Institute Of Management - [Iimb]||Bangalore||23,15,000||20-25.40 LPA|
|Indian Institute Of Management - [Iimc]||Kolkata||2,70,000||23-24.54 LPA|
|NIT Trichy||Tiruchirappalli||14,01,520||15-18 LPA|
|Great Lakes Institute of Management||Chennai||16,00,000||14-20 LPA|
|Narsee Monjee Institute of Management Studies||Mumbai||8,50,000||15-17LPA|
|Institute of Management, Christ University||Bangalore||3,79,000||8-12LPA|
|Universal Business School||Karjat||15, 72,805||7-10 LPA|
|Lovely Professional University||Jalandhar||3,04,000||8-20 LPA|
|Pune Institute of Business Management||Pune||7,95,000||6- 11 LPA|
|Institute of Management, Nirma University||Ahmedabad||502,000||8.7-13 LPA|
The table below compares some of the top MBA business analytics colleges in India based on factors like tuition costs, salaries, and NIRF rankings.
|Parameters||NIT Trichy||Great Lakes Institute of Management||Narsee Monjee Institute of Management Studies|
|Overview||NIT Trichy is one of the 31 National Institutes of Technology in India. It offers 10 undergraduate and 28 graduate programs.||Great Lakes Institute of Management is ranked among the most innovative B-schools in business for the future. It offers 2 full time and 4 corporate programs in business.||NMIMS offers courses in B.Tech, M.Tech, MBA, BBA. It also offers them in the form of diplomas, PhD and PG Diploma.|
|Average Fees||INR 14,01,520||INR 21,50,000||INR 8,50,000|
|Average Placement||INR 15-18 LPA||INR 14-20 LPA||INR 15-17LPA|
|Top Recruiting Companies||Cognizant, Amazon, Google, Intel, Microsoft, Cisco, Oracle, L&T||BFSI, IT/ITES, and Tech Consulting, Accenture Strategy & Technology, HCL, Deloitte US & India and ZS Associates||ICICI Bank, Honeywell, L&T Infotech, Kotak Mahindra Bank, Aditya Birla Capital, HDFC bank, Cognizant, Max Life Insurance, OYO|
Business Analytics for MBA Curriculum
4 semesters make up the two-year program. Statistical Analysis, Business Intelligence, and other topics related to MBA Business Analytics are included in the course syllabus.
Students will require a number of industry trips over the whole semester. The MBA Business Analytics Syllabus combines theoretical and practical study methods.
Below is a thorough semester-by-semester MBA Business Analytics Syllabus.
|Semester 1||Semester 2|
|Quantitative Methods||Financial Management|
|Managerial Economics||Operations Management|
|Management Information Systems||Human Resource Management|
|Financial Accounting||Financial Analytics|
|Marketing Management||Optimization Analytics|
|Organizational Behaviour||Stochastic Modeling|
|Statistical Analysis||Business Intelligence|
|Data Modeling||Research Methods|
|Computational Methods||Managerial Communication|
|Semester 3||Semester 4|
|Predictive Analytics||Strategic Management|
|Risk Management||Operations and Supply Chain Analytics|
|Marketing Analysis||HR Analytics|
|Data Mining||Big Data Analytics|
|Simulation Modeling||Ethical and Legal Aspects of Analytics|
|Analytics Systems Analysis & Design||Project Management|
|Industry Internship Programme||Professional Development|
|-||Analytics Capstone Project|
Comparison of Courses
The following table compares the key metrics for an MBA in business analytics and a MS in business analytics:
|Parameters||MBA Business Analytics||MS in Business Analytics|
|Qualification||Master of Business Administration in Business Analytics||Master of Business Administration in Finance|
|Course Overview||The field focuses on technical and business domains which aim to deal with technology and data driven environments. It follows a business and industry approach of study.||The field deals with management and business subjects as well as provides training in financial management.|
|Eligibility||Graduation with minimum 50% from a recognized university.||Bachelor degree from a recognized college.|
|Admission||Entrance-based||Merit + Entrance Exams|
|Average Annual Fee||INR 5- 15 LPA||INR 5-10 lakhs|
|Average Salary||INR 8- 16 LPA||INR 6- 12 LPA|
|Colleges||NIT Trichy, Lovely Professional University, Amity University, IFMR Graduate School of Business||Chennai Mathematical Institute , Christ University - Bangalore, VIT Vellore, Fergusson College Pune, etc|
Jobs and Career Options for MBAs in Business Analytics
Postgraduates who are successful can find employment as a business analyst, business analyst project manager, data analyst, business intelligence expert, and data mining expert, among other positions.
Candidates will also be offered jobs in sectors like financial services, retail, manufacturing, healthcare, oil and gas, social media, and gaming.
Accenture, HP, IBM, Cognizant, Tata Consultancy Services, American Express, and others are a few of the well-known employers.
The table below provides a list of MBA Business Analytics positions available along with the typical compensation for each.
|Job Profile||Job Description||Average Salary in INR|
|Data Scientist||Utilise the analytical, statistical and data niche to collect, organise and solve complex problems of businesses||15 LPA|
|Statistician||Use theoretical or applied statistics to collect, organise, summarise data to give useful information||10 LPA|
|Market Research Analyst||Their aim is to help a company’s profits grow by using what data is available.||8 LPA|
|Quantitative Analyst||Strategize to help maximise the efficiency of trade stocks||9 LPA|
|Project Manager||They help manage projects and project objectives including budgets, costs, goals etc.||12 LPA|
|Data Mining Expert||These experts are responsible building, deploying and maintaining data support tools, and database file/ table creation||6 LPA|
|Business Analyst||They examine data and documents to understand consumer needs or to fulfil internal needs of the organisation. They make complex data comprehendible.||11 LPA|
Business Analytics for MBA
The "Big Data" phenomenon typically governs the field of business analytics, and a career in this area can present you with a variety of opportunities. By the end of 2022, 40 Zettabytes of data are expected to exist, which will increase the number of career opportunities for both business analysts and data scientists. A career in MBA Business Analytics could lead you to:
Descriptive Analysis: You will be tasked with performing a descriptive analysis in order to gain a thorough understanding of how to apply data to comprehend and address both past and future business situations.
Predictive Analysis: The predictive analysis examines the historical financial performance of your company.
Prescriptive analysis: In this stage, you examine and classify optimization techniques to make sure that productivity and other factors are increased. For the business, this results in better returns.