Overview & FAQS

 The Master of Science in Business Analytics degree is gaining popularity worldwide. It is referred to as the MSBA or MSc.BA. The degree is similar to the MiF in nature as it delves into processing and not only the management concepts.

The MSBA degree is offered in many countries in the EU and America as well. In Europe, you can apply to prestigious business schools like the ESADE and Warwick Business School. In the US, you can apply to UCLA Anderson, Duke University, and NYU Stern.

Many Indian business schools also offer the degree. Please note that the duration of the degree can vary. For example, in Carnegie Mellon (America), it is for 18 months. Likewise, in Bocconi (Italy) you need to attend the course for 2 years.

In ESADE, Chicago Booth, and MIT Sloan, it lasts for 12-months only.

An E.Y report 2019 has shown a considerable demand for business analytics professionals because business analytics significantly impact their net result.

This has led to a 50% surge in using analytics for decision-making. A report by Accenture highlights how analytics has affected the consumer-packaged-goods (CPG).

Besides, the report indicates that companies must absorb the enterprise-wide analytics strategy. It helps them realize the real powers of analytics. Business schools globally are increasing their MBA concentration in Business Analytics or Big data.

IIM L & Kelly to Double Intake for Joint Course in Business Analytics

What are my job options once I complete my MBA in Business Analytics?

You have plenty of options once you complete your MBA in Business Analytics. A few of them include:

• Data Analyst/Scientist
• Program and Marketing Manager
• Market research Analyst
• Management Analyst/Consultant
• Big Data Analytics

Should I consider enrolling for an MBA in Business Analytics?

We highly recommend it because business analytics is playing an essential role in many fields today. Managers want vital data about potential clients; analysts wish to the accurate value for investing, and so on.

Having the right data at the right time is the new mantra for a business to flourish. Employers are beginning to realize the vitality of Big Data. The job market wants people like you to help them with data science and analytical tools.

Ques. What is the market scope after completion of an MBA in Business Analytics?

 Ans.  The scope is broad because you can become a project manager, data analyst, market research manager, project modeler, data scientist, and so on.

 Ques. Which option would be suitable, an MBA or MS in Business Analytics?

 Ans.  Both the MBA and MS in Business Analytics have benefits. But Business Analytics gives you a slight advantage in your job search.

 Ques. Does the MBA Business Analytics require you to learn any programming?

 Ans. The degree mainly focuses on the business aspects, so there is no need for programming.

 Ques. Why should I enroll for an MBA in Business Analytics degree?

 Ans. The MBA in Business Analytics is beneficial because data analytics plays a vital role in rebuilding the market.

Also Read – IIM Ahmedabad Launches Advanced Business Analytics (PGP-ABA) Program for Executives 

Ques. What are some of the top colleges for MBA Business Analytics in India?

 Ans. The top colleges for MBA in Business Analytics in India are:

• Great Lakes Institute of Management
• Lovely Professional University
• NIT Trichy

 Ques. Do I have to attend entrance exams?

 Ans. This depends entirely on the college or university you wish to study. Some colleges or universities accept students based on UG marks and performance. While most institutions require students to write entrance exams like CAT, NMAT, MAT, etc.

 Ques. Can I apply for the degree without giving an entrance exam?

 Ans. You cannot apply for the program without having a minimum cut-off in your entrance exam.

 Ques. What are some companies I can work on completion of my degree?

 Ans. You can work in any sector you prefer. Some popular companies you can apply would be Amazon, Google, Motorola, HCL, HP, Godrej, etc.

What is Business Analytics?

 What Is Business Analytics & what do Business Analysts do? 

Business analytics is an umbrella term that consists of two notable areas, namely:

• Business Intelligence
• Advanced analytics

 Business Intelligence

Business Intelligence is also known as BI. It is a set of tools and strategies capable of identifying, acquiring, and segregating accurate data about events on the past or current. A few of the steps involved in BI are reporting, querying, and online analytical processing (OLAP).

Advanced analytics

This is similar to BI but provides you with an in-depth analysis of data related to history. It offers predictive analytics with the help of statistical algorithms. Businesses can learn about the performance of a new product or service with simulation algorithms, cluster analysis, and data mining.

Read More About What and Why Business Analytics

Top Colleges & Courses

 International Business Schools

 We have a list of the best MBA colleges of 2021 for studying Business Analytics

1. NYU Stern School of Business
2. Wharton School of Business
3. Fox School of Business and Management
4. Mendoza College of business
5. HEC Paris
6. Scheller College of Business
7. NUS Business school
8. Pepper School of Business
9. Goizueta Business School
10. Imperial College Business School

Read More About Top Colleges and Courses in Analytics

Syllabus

Here are some of the courses and topics that are covered in MBA courses on Business Analytics.

The first-year students have similar topics of Business Analytics courses to other general MBA programs. Basic topics of finance, accounting, marketing, Human resource management, Organization Design, Operations Management, Decision Sciences are covered through core Analytical courses like Statistical models, Applied Probability, time series, Introduction to Computing, Machine Learning, Forecasting Techniques, and Big Data Analytics.

However, in the second year, the syllabus of Business Analytics gets different. Here are some of the main topics that are covered in the Business Analytics syllabus:

• Artificial Intelligence & Deep Learning
• Multivariate Data Analysis
• Optimization
• Business Analytics and Intelligence
• Business Forecasting
• Social Entrepreneurship
• Supply Chain Analytics
• Marketing Analytics
• Sports Analytics
• Social Media Analytics
• Model-Business Decision
• Infrastructure Development
• PPPs and Regulation
• Indian and International Perspectives
• Corporate Valuation
• Digital Marketing
• Research for Marketing Decisions
• Brand Management
• Entrepreneurship in Action
• Personal Values, Goals and Career Options
• Creating High Performance Organizations
• Supply Chain Management
• Technology and Operations Strategy
• Green Business Management
• Strategic Thinking and Decision Making
• Reinforcement Learning
• Current Economic Scenario – Indian Economy and Policy Matters for Business
• Global Securities Markets
• Corporate Governance

Jobs & Salaries

 MBA Business Analytics Careers & Salaries

 Did you know that an MBA in Business Analytics degree has tremendous potential in the market? You can apply for a wide range of job roles ranging from analyst-level to business intelligence managers in different sectors such as marketing, operations, supply chain, etc.

Besides, you can also work as an analyst in financial or consulting firm. According to a McKinsey’s survey, close to 58% of respondents said their organization concentrates mainly on data science, data engineering, analytical transformation, and data architecture.

The Fortune-500 organizations that analyst work in consist mainly of analytics professionals.

Below are few career options for graduates in MBA in Business Analytics:

• Management Analyst/Consultant
• Business Intelligence Analyst
• Program and Marketing Manager
• Big Data Analytics
• Operations Research Analyst
• Market research Analyst
• Data Analyst/Scientist

Read More About Jobs and Salaries in Analytics

 Admissions

 MBA Business Analytics Admission Process

 Admission Process in USA & Europe

Students who want to apply for universities in Europe and the USA can do so effortlessly. That is because the admission procedure is similar to a general management course.

Candidates will have to appear for a GMAT or GRE, depending on the business school’s admission process. You will then need to submit your applications & essays. Finally, you have to give a one-on-one or online interview.

Eligibility

Below are the eligibility criteria for applying MBA in Business Analytics in the USA & Europe:

• Most universities require you to complete your bachelor’s degree and qualify in the entrance exam. Few universities may also prefer students having 1- or 2-years work experience.
• Candidates need to qualify for the English proficiency test, which is mandatory.
• A minimum of 50% marks has to be obtained by international students in exams like TOEFL, GMAT, IELTS, and GRE band scores. 

MBA Business Analytics Admission Process In India

In India, the admission process is a lot simpler and straightforward for students. You can get admitted into famous universities like NIT Trichy, IIMC, IIMB, etc. You have to give entrance exams depending on the university of your preference.

Few popular entrance exams include CAT, GMAT, MAT, and CMAT.

Below are the steps for the admission process:

Step 1: Applicants must qualify in the entrance exam and have completed their bachelor’s degree.

Step 2: The applicant must appear for the entrance exam physically.

Step 3: Based on the cutoffs and the score, the list is prepared by the institution. The applicant must clear the cutoff to consider himself/herself eligible for attending the interview and group discussions.

Step 4: The applicant will be called for group discussion, written test, and interview.

Step 5: Only if the potential candidate can successfully get through the admission process, he/she is admitted into the institute. The enrollment is done once document verification of the student is completed.

Read More About Admissions Process in Business Analytics