MBA Business Analytics

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Update on
May 27, 2019

MBA in Business Analytics is becoming one of the most sought-after new age specialized MBA in India. But what is Business Analytics? Business analytics combines the fields of management, business and computer science to help businesses take data-driven decisions. It uses advance statistical analysis that focuses on providing actionable recommendations. Business Analysts in this field focus on deriving insights from real business and consumer data. The goal is to draw insights about why things happened, what will happen and what should be done. Business analytics utilizes big data, statistical analysis, and data visualization to take better decisions and implement organization changes. Business Analytics is being used in practically every industry particularly Banking & Financial Services, E-commerce and Retailing. Proliferation of consumer and business data, generated by use of mobile technology, computing, sensors and other devices have led to explosion in this field.

 

Because of growing industry demand, MBA in Business Analytics is becoming one of the most preferred specialized MBA courses in India. IIM Bangalore, IIM Calcutta, ISB Hyderabad, Great Lakes Institute of Management Chennai and many other leading B-schools are offering different types of MBA in Analytics programs. These programs range from being standalone to part-of-regular MBA program, from full-time to part-time and many other options. So, which is the right program for you, and what is the fee for each of these programs? Read this MBAUniverse.com article to find out all the answers. 

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Different Types of MBA in Analytics Programs in India
After study of more than 50 programs, we can classify these programs into six different categories, as below:

  1. 2-Year Full Time Specialized MBA in Business Analytics by IIM
  2. 2-Year Full Time Specialized MBA or MBA Equivalent PGDM in Business Analytics by B-Schools and Universities
  3. 1-Year Full Time Specialized MBA or Post Graduate Certificate Program in Business Analytics by top B-schools
  4. Executive (Part Time) On-Campus/Hybrid Specialized MBA/PGDM or Certificate Programs in Business Analytics by Top B-schools & Universities
  5. MBA Specialization in Business Analytics offered within 2-year full time General MBA/PGDM Program
  6. Executive (Part-time) Online Specialized MBA/PGDM or Certificate in Business Analytics

We will be discussing each of these types in detail soon.

 

Top MBA Business Analytics Programmes
If you are looking for top MBA colleges in India offering MBA Business Analytics, below are the top management institutes:

MBA College
Title & Type of MBA in Business Analytics Course
MBA Business Analytics Fees (Rs. in lakhs)
IIM Bangalore
MBA Business Analytics (MBA-BA) (2 Years Full Time)
21.15
IIM Calcutta
Post Graduate Diploma in Business Analytics (PGDBA) (2 years full time)
20.00
ISB Hyderabad
Advanced Management Programme in Business Analytics (AMPBA)  (1 Year MBA)
 9.65
Great Lakes Institute of Management, Chennai
MBA Business Analytics
( 1 Year MBA)
21.50 (Including International Study Programme)

Let us know about each type of institutes offering MBA in Business Analytics programme with the programme name, duration, fee.

 

1. Two-year Full-time Specialized MBA in Business Analytics by IIMs
Apart from their general MBA programs, IIMs have launched 2 year full time specialized MBA programmes in Business Analytics. The list given below includes only those IIMs that offer exclusive and separate Business Analytics MBA courses like their flagship MBA programme instead of an elective or specialization 

IIMs offering MBA in Business Analytics
Programme Name
Duration & Mode
MBA Business Analytics Fees (Rs. in lakhs)
IIM Bangalore
MBA Business Analytics (MBA-BA)
2 Years Full Time; On Campus
21.15
IIM Calcutta
Post Graduate Diploma in Business Analytics (PGDBA)
 
2 years full time; On campus
20.00
IIM Kashipur
MBA Analytics
2 Years full time; On campus
15.42

2. Two-year Full-time on campus Specialized MBA or MBA equivalent PGDM in Business Analytics by B-schools and Universities
To cater to the rising demand of MBA Business Analytics, number of top University MBA Colleges and private PGDM colleges are offering specialized MBA/PGDM in Business Analytics on the lines of their flagship MBA programme. Some of the top MBA colleges in Non-IIM category offering 2 year full time specialized MBA/PGDM are given below with the details of programme fee

Universities & B-schools offering MBA/PGDM in Business Analytics
Programme Name
Duration & Mode
Fee (Rs.in Lakhs)
NMIMS Mumbai
 
MBA in Decision Sciences & Analytics
2 years full time Dual Degree Programme from NMIMS University – School of Business Management & MS in Business Analytics & Information Management -Purdue University
28.32
SCMHRD Pune
MBA Business Analytics
2 years full time
13.31
Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi
PGDM-Research & Business Analytics
2 Years Full time
11.67
Welingkar Institute of Management Development and Research (WeSchool) Mumbai
PGDM Research and Business Analytics
2 Years Full time
11.00
IFIM Business school Bangalore
 
PGDM Data Science
2 years full time
 
 9.90
Amrita School of Business, Amrita Vishwa Vidyapeetham, Bengaluru
MBA-MS in Business Analytics
2 Years Dual Degree programme with University at Buffalo, USA
15.50
EMPI Business School New Delhi
PGDM Research & Business Analytics
2 Years full time
 7.75

3. 1-year Full-time Specialized MBA or Post Graduate Certificate Program in Business Analytics by top B-schools 
Brief details of the programme offered by some of top MBA colleges, including Great Lakes, TAPMI are shared below:

Name of the Institute
Programme Name
Duration & Mode
Fee (Rs.in Lakhs)
Great Lakes Institute of Management, Chennai
MBA Business Analytics
On Campus; 1 Year MBA
21.50 (Including International Study Programme)
TAPMI Manipal
L.E.A.D. (Leadership through Analytics and Decision Sciences) is a post-graduate certificate program delivered by TAPMI business school in association with Mu Sigma.
On Campus; 1 Year L.E.A.D. (Leadership through Analytics and Decision Sciences)
 6.00

4. Executive (Part-time) On-campus/Hybrid Specialized MBA/PGDM or Certificate Programs in Business Analytics by Top B-schools & Universities
Working Executives or freshers who find it difficult to join full time MBA programme either of one year or two year duration, can join the part time MBA programmes. For them B-schools offer part time on campus programmes in Business Analytics with week end classes, alternate week classes, month end classes or alternate month classes. Some of such top institutes offering the Executive part time on campus specialized MBA Business Analytics programme include:  

Name of the Institute
Programme Name
Duration & Mode
Fee (Rs.in Lakhs)
ISB Hyderabad
Advanced Management Programme in Business Analytics (AMPBA) 
Hybrid:1 year MBA
 9.65
XLRI Jamshedpur
Postgraduate Certification in Business Analytics (PGCBA)
Hybrid; 1 Year Certificate programme
3.00
 NMIMS Bengaluru
Post Graduate Diploma in Data Science and Analytics
On campus Part Time;1 Year MBA for executives
5.10
 K J Somaiya Institute of Management & Reseaech, Mumbai
 MBA (Part Time) - Information Management
On Campus Part Time; 3 years PGDM for executives
2.96
Loyola Institute of Business Administration (LIBA) Chennai
Executive PGDM in Business Analytics
On campus Part Time; 1 Year PGDM for executives & freshers
2.40

5. MBA Specialization in Business Analytics offered within 2-year Full-time General MBA/PGDM Program
Many top MBA colleges including IIMs offer Business Analytics as one of the major specializations within their 2 year full time MBA programmes.

Name of the Institute
Programme Name
Duration & Mode
Fees (Rs. in lakhs)
IIM Ahmedabad
Post Graduate Programme in Management (PGP) with Specialization in Information Systems
2 Years Full Time; On Campus
23.50
IIM Lucknow
Post Graduate Programme in Management (PGP) with Specialization in IT & Systems and Decision Sciences
2 Years Full Time; On Campus
14.16
IIM Kozhikode
Post Graduate Programme in Management (PGP) with Specialization in Information Systems
2 Years Full Time; On Campus
17.50
IIM Indore
Post Graduate Programme in Management (PGP) with Specialization in Information Systems
2 Years Full Time; On Campus
16.10
IIM Tiruchirappalli
Post Graduate Programme in Management (PGPM) with Specialization in Information Systems & Analytics
2 Year Full Time; On campus
16.50
MDI Gurgaon
Post Graduate Programme in Management (PGPM) with Specialization in Information Management
2 Years Full Time; On Campus
21.34
IFMR GSB KREA University, Sri City
MBA with Specialization in Data Science
2 Years Full Time; On Campus
16.77
Christ University Bengaluru
MBA with Specialization in Business Analytics
2 Years Full Time; On Campus
 7.85

6. Executive (Part-time) Online Specialized MBA/PGDM or Certificate in Business Analytics
For the candidates who wish to pursue MBA but cannot attend classes even in many months due to their nature of work, but they have the dream to pursue their MBA from a good institute, many top B-schools have started offering part time online education to fulfil their dream through distance learning. Some of such colleges who offer part time online specialized MBA in Business Analytics are given below:

Name of the Institute
Programme Name
Duration & Mode
Fee (Rs.in Lakhs)
IMT Ghaziabad - CDL
PGDM –Business Analytics
Online; 2 Years
1.11
Great Lakes Institute of Management, Chennai
PGP-Business Analytics & Business Intelligence 
Online; 1 Year
 
BITS Pilani
M.Sc. Business Analytics
Online; 5 Semesters
2.92

Careers in Business Analytics
High placement opportunities are available to build your careers in Business Analytics, if you complete your MBA Business Analytics from one of the best colleges. With an aim to help shape the emerging profession of business analytics to the aspirants, the students become equipped to build a career in business analytics in top companies.

 

A student pursuing MBA in Business Analytics becomes a Business analyst who is capable to solve the various corporate organizational issues with his/her skills and data analytics tools. The companies hire the Business Analytics professionals to get the best suggestions and actions based on Business Data Analysis and scientifically arrived future predictions. The careers in Business Analytics are rising year after year as the MBAs in Business Analytics are getting higher placements and are in high demand by the top recruiters, as the companies need these professionals who can use scientific analysis of Business data to make business decisions. The average salary offered to an MBA with Business Analytics is Rs 9-15 lakhs.

 

Some of the top recruiters offering careers in Business Analytics include Accenture, Crayon data, Global Analytics, Exl Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener among others. 

 

MBA Business Analytics Courses & Syllabus
IIM Bangalore, IIM Calcutta, Great Lakes, LBSIM have more or less common courses and syllabus for MBA in Business Analytics. Following are the key topics & courses covered in the MBA Business Analytics:

 

The MBA Business Analytics courses for 1st year students are similar to other MBA programmes. They are exposed to basic concepts in the areas of Marketing, Accounting, Finance, Organization Design, Human Resources Management, Decision Sciences, and Operations Management through Core courses, and Core Analytics courses such as Applied Probability and Statistical Models, Introduction to Computing, Time-Series and Forecasting Techniques, Machine Learning and Big Data Analytics.  

 

It is the second year in which the MBA in Business Analytics courses and syllabus get different. Following are the key topics covered in the courses and electives of MBA in 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

This completes our article on MBA in Business Analytics. We hope you found this article helpful. Check out more Specialized MBA Programs to help you decide the right program for you: