MBA in Business Analytics 2024- Explained Everything!

MBA in Business Analytics 2024- Explained Everything!

MBA in Business Analytics 2024- Explained Everything!,Sep 17, 2024

Online MBA

Sep 17, 2024

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The demand for business analysts has surged significantly following India's digital transformation. With technology advancing and data becoming integral across industries, its full potential is still in the early stages. Whether you're searching on Google or browsing Instagram, the data collected helps businesses and marketers better understand market trends and customer behavior. As technology evolves, more precise tools and techniques have emerged. At this point, it’s safe to say that these challenges have opened up numerous opportunities for aspiring professionals to thrive in this growing industry. So, how do you begin your analytics journey? In this blog, we delve into the online MBA in Business Analytics—an accessible and effective path to building a successful career in this field.

Let's begin, however, by quickly reviewing the MBA in Business Analytics course.

Understanding the Online MBA program in Business Analytics

An Online MBA program in Business Analytics is a traditional management postgraduate degree focused on business analytics, offered through an online mode of learning. This two-year Master of Business Administration program is meticulously designed for individuals seeking specialized roles and career growth. The Online MBA program in Business Analytics equips students with advanced technical and managerial skills, preparing them to systematically analyze and leverage an organization’s data to boost productivity. The program places a strong emphasis on statistical analysis to support effective decision-making.

Upon course completion, students or working professionals will be qualified for roles such as Business Analyst, Data Analyst, Data Engineer, Predictive Modeler, and Financial Analyst. Additionally, the online format allows you to continue gaining work experience while studying. It’s also more cost-effective compared to traditional MBA programs, offering a higher return on investment.

Highlights of Online MBA in Business Analytics

Course Level

PG degree Course

Course Duration

2 Years to 4 Years

Fee Structure

INR 60,000 to INR 10,00,000

Eligibility Criteria

  • Undergraduate degree from any recognized university
  • A minimum working experience of 2-3 years in any relevant field

MBA Specializations

  • Operations Management
  • HR Management
  • Business Analytics
  • International Business Management
  • IT Management
  • Data Science Management
  • Healthcare Management
  • Project Marketing Management
  • Digital Marketing Management
  • Financial Markets Management
  • FinTech Management
  • Hospitality Management
  • Finance Management
  • Banking and Finance
  • Integrated Marketing
  • Entrepreneurship and Leadership
  • Logistics and Supply Chain Management
  • Sports Management
  • Business Intelligence (BI) and Analytics
  • Systems and Operations Management
  • Digital Finance
  • International Finance
  • General Management, and More

Eligibility Criteria for Online MBA Program in Business Analytics

The eligibility criteria for an online MBA program in Business Analytics can only be decided by the concerned university offering the program nationwide. 

  • Bachelor’s degree program with any discipline from any recognized university.
  • Graduates should have secured at least 50-60% aggregate marks in the qualifying exam.
  • Undergraduates who are waiting for their final exam results are also eligible for the program.
  • Candidates must have studied mathematics and statistics in undergraduate programs. 
  • Candidates should have studied the English language at their intermediate or graduation level.
  • Candidates must be proficient in the English language.

The Process of Application in an Online MBA Program in Business Analytics

The application process varies from university to university. However, we have mentioned some simple steps, follow mentioned below steps to enroll in the program:

  • Visit the official website of the concerned university
  • They are advised to register themselves
  • Choose the desired program
  • Fill out the application form
  • Upload the required documents
  • Pay the application fee
  • Wait for the university to get admission confirmed
  • Start Learning.

How Does the Current Educational Landscape Fit Into an Online MBA in Business Analytics?

Big Data, automation, artificial intelligence (AI), digital marketing, and other factors have propelled the marketing industry's explosive expansion and changed the way companies interact with their clientele. The goal of an online MBA program in Business Analytics is to meet the unique needs of the digital age by emphasizing the newest developments in technology and data analysis. This degree is essential for succeeding in the modern-day landscape job market because it gives students the tools they need to equip students with data, comprehend analytics, and apply them to real-world business situations.

Modern company strategy is centered on data-driven decision-making, and students who pursue an online MBA in company Analytics acquire the skills necessary to succeed in this field. Graduates are taught to apply advanced analytics tools to assess business performance, enhance procedures, and optimize operations, as Big Data plays an ever-more-important role in society. These individuals can make well-informed judgments that propel corporate success and promote sustainable growth because they have mastered the art of data interpretation. Their ability to design customized, scalable strategies that work in a variety of industries is facilitated by their expertise in business analytics.

A worldwide perspective is essential in today's globalized corporate climate, and students pursuing an online MBA in corporate Analytics are more equipped to navigate the intricacies of international marketplaces. Businesses can now function internationally thanks to the internet, but there are still issues with handling global data, adhering to various legislation, and comprehending cultural variations. Graduates of this program possess the expertise needed to create data-driven plans that are effective on a local and international level. Furthermore, the adaptable online learning style helps students develop the critical leadership abilities required for the digital age by simulating the remote, global workplace.

The Comprehensive Curriculum of Online MBA in Business Analytics

The coursework of an online MBA holds equivalent standards to traditional on-campus courses, demonstrating the legality and reliability of distance learning. This is a summary of the major topics covered in the program. 

Semester 1

Semester 2

Economics & Management Decisions

Human Resource Management

Financial Management

Customer Relationship Management

Marketing Management

Project Management

Quantitative Techniques for Management Applications

Strategic Management

Operations & Material Management

Research Methodology

Semester 3

Semester 4

Data Environment

Data Visualisation

Data Management

Big Data Analytics

Business Analytics

Social & Web Analytics

Business Intelligence

Predictive Modeling

Data Mining

Programming for Analytics

 

Project Work

Other Demanding Online MBA Specializations

Advantages of Pursuing an Online MBA Program in Business Analytics

  • Global Career Opportunities: Having an MBA opens students a world of networking chances with people in the field. Similarly, multinational corporations are actively looking to hire qualified business analysts. Gain access to international professional opportunities and take advantage of these networking advantages by enrolling in an online MBA program in business analytics.
  • Higher Salary Package: The resume looks more professional and demonstrates your advanced talents, which will help you get a raise or promotion.
  • Enhance Decision-Making Skills: Data-driven decision-making is crucial in the digital age. Business executives and managers need to transform unprocessed data into useful insights. Having a Business Analytics MBA gives you the skills necessary to succeed in more intricate decision-making positions. 
  • Flexibility and Convenience: The flexibility to take lessons whenever it is convenient for you is one of the main benefits of online learning. It is not necessary for working professionals to leave their positions to pursue their academic aspirations and continue in their occupations.
  • Approvals and Accreditations: The Online MBA program in Business Analytics holds approvals and recognitions from several apex bodies including AICTE, UGC, and DEB. Along with the other accredited bodies including NAAC with higher grading and NIRF among top universities.

Career Opportunities

The demand for business analytics skills is rising due to the necessity of data-driven decision-making in the corporate world. Verified Market Research's research indicates that by 2031, the business analytics industry is predicted to increase at a compound annual growth rate (CAGR) of 9.63%. Data analytics is being used by companies all over the world to gain a deeper understanding of market trends and consumer behavior. These growth figures suggest that this field has more job openings. As a result, you will have several options for employment after receiving your online MBA in Business Analytics. Several of them are listed below:

Job Role

Average Salary

Supply Chain Analyst

INR 6.7 LPA

Big Data Analyst

INR 7.5 LPA

Business Analyst

INR 9.7 LPA

Predictive Modeler

INR 7 LPA

Technical Team Leader

INR 18.5 LPA

Quality Assurance Analyst

INR 4.5 LPA

Financial Analyst

INR 6 LPA

Business Intelligence Manager

INR 23.2 LPA

Data Scientist

INR 14.4 LPA

Conclusion

A growing number of MBA programs are emphasizing business analytics, partly due to the excellent career prospects in the subject. As more and more sectors of the global economy depend on data-driven initiatives, there is an increasing need for qualified business analytics specialists. Obtaining an online MBA in corporate analytics puts you at the vanguard of this rapidly developing field and gives you the information and abilities needed to succeed in a cutthroat, data-driven business setting.

One of the main advantages of an online MBA program in business analytics is its flexibility. You can pursue your studies in this important field without having to quit your job or give up on other obligations. This program will help you advance your career and acquire critical business analytics skills while helping you manage your work, study, and personal life. Ultimately, this degree prepares you for a successful job in a profession that is expected to grow over the next few years.

Frequently Asked Queries

A1. An Online MBA program in Business Analytics is a traditional management postgraduate degree focused on business analytics, offered through an online mode of learning. This two-year Master of Business Administration program is meticulously designed for individuals seeking specialized roles and career growth. The Online MBA program in Business Analytics equips students with advanced technical and managerial skills, preparing them to systematically analyze and leverage an organization’s data to boost productivity. The program places a strong emphasis on statistical analysis to support effective decision-making.

A2. The course tuition fees vary from university to university and also depend on the specialization. However, the average tuition fee for the online Master of Business Administration (Online MBA) program ranges from INR 60,000 to INR 1,00,000.

A3. Yes, Online learning allows working professionals to continue their higher education in the Master of Business Administration (Online MBA) program while juggling with their other personal and professional commitments. Online mode of learning allows students to master the course along with their academics.

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