Data Analytics has become the new buzzword in Indian B-Schools. Harvard Business Review tagged Business Analysts and Data Scientists as the ‘sexiest job of 21st Century’. But what exactly is Data Analytics? Data Analytics is the science of studying raw data. Techniques and processes that use data analytics are fully automated into algorithms and mechanical systems. These algorithms work on raw data and make it suitable for human consumption. The data derived from these processes can be used to increase the overall efficiency of the business.
MBA in Data Analytics helps you acquire knowledge and expertise in various analytical tools. As a Business Analyst, there are various exciting opportunities one can explore. The challenging work leverages various business as well as technical knowledge. This field also promises both high growth and high reward. The analytical tools have become highly user-friendly. Another major change in the field indicates that the latest tools are GUI-based. Gone are the days when only learning a programming language can help you master the data.
If the candidates wish to, they can work in a management consulting firm or a financial service firm where one can utilize the skills to analyze the risks. This, in turn, can be used to incorporate the uncertainty to identify profitable customers and determine specific strategies. One can also venture into marketing or financial roles and apply analytics to make various business decisions. The possibility of growth and opportunity in this domain is endless.
MBA courses in Data Analytics usually are full-time, spanning one to two years, and may also include an internship, dissertation. Industry visits, hands-on training in analytics laboratories, live case studies, professional certifications among many other valuable experiences to hone your skills.
Choosing the right MBA college to pursue Data Analytics becomes critical because the right set of faculties and opportunities provided by the colleges plays a vital part in the further growth of the student. Therefore, these colleges should be researched and shortlisted well before the candidate writes CAT/XAT/GMAT or any other competitive exam for MBA.
The below table shows the best colleges across India which are known for offering the best faculty and opportunities in the Data Analytics domain.
Data Analytics rising demand has been met by various MBA colleges across India and several top MBA colleges offer specific Data Analytics Specialization, especially in Business Analytics and Decision Sciences similar to their flagship MBA Programme. Choosing these courses from reputed colleges will help the candidate get better knowledge about Data Analytics and should be considered for people who have prior experience in this field or for people who are very clear about pursuing Data Analytics as a career choice.
The below table shows the list of top colleges that offer Data Analytics specific courses for both 1-year and 2-year programs.
A career in Business Analytics will offer high placement opportunities, provided you do your MBA in Data Analytics from one of the best colleges. With the ever-increasing demand for Business Analytics, the placements for these Job roles are getting higher and higher. MBA in Business Analytics can entail you to earn an average salary of Rs. 9 LPA to Rs. 25 LPA, depending on the MBA college you graduate from and the companies you convert while you are there
Let’s look at the top 5 colleges that offer the best placements and top recruiters for Data Analytics
After completing MBA in Business Analytics, the candidate can pursue the following job titles.
MBA in Data Analytics contains many subjects and it varies depending on the B-school as well as the electives chosen by the students. Most of the courses offered will deal with various algorithms and processes where Data Analysis is done.
Some of the subjects/courses which will be focusing on the multiple concepts and areas of Data Analytics are: –