MBA in Business Analytics

Update on
September 2, 2019

MBA in Business Analytics has acquired the status of one of the most preferred MBA courses in India. The importance of Business Analytics MBA is consistently growing as the demand for the talent to analyse and demystify big data is going up year after year. While IIM Bangalore, IIM Calcutta, Great Lakes Institute of Management Chennai have included MBA in Business Analytics as one of their key full time management programmes, many other IIMs and top university and private management institutes on realizing the importance of Business Analytics MBA programme are offering it as one of the specialized Management courses in India. There are more than 100 B-schools offering MBA in Business Analytics courses in India either exclusive full time programme or as a specialized management programme.

 

MBA in Business Analytics Fees in IIMs runs from Rs.20 lakhs to Rs.21+ lakhs while the MBA in Business Analytics fees in other top B-schools is between 8 to 15 lakhs.

 

At IIM Bangalore, MBA in Business Analytics is a 24-month fulltime program designed to equip the student with the tools and techniques to become an expert in this evolving, high-demand field. At Great Lakes Institute of Management, Business Analytics MBA is offered to outstanding executives. The  programme is offered by Stuart School of Business at the Illinois Institute of Technology, Chicago, in collaboration with Great Lakes Institute of Management, India. At IIM Calcutta, Business Analytics is a full time 2 years PGDBA programme. 

 

Business Analytics MBA is a comprehensive program that covers the latest analytics tools and techniques along with their business applications. The topics in the MBA in Business Analytics Syllabus in top MBA colleges offering MBA in Business Analytics are covered
 in a practical and hands-on manner with real world case studies to enable participants to succeed in business roles using data analytics.

 

MBA in Business Analytics at IIM Bangalore is structured to enable the student to define business and social challenges, use analytical tools and techniques to identify patterns, gain insights, develop business strategies and make sound management decisions. It provides with an overview of management disciplines and an in-depth understanding of data science.

 

Two Types of MBA in Business Analytics Courses
Two types of MBA in Business Analytics courses are offered by the Business Analytics MBA colleges.

 

  1. MBA in Business Analytics: Exclusive MBA Programme

MBA in Business Analytics colleges like IIM Bangalore, IIM Calcutta, Great Lakes Institute of Management, LBSIM Delhi, offer exclusive PGDM/MBA in Business Analytics.

 

  1.  MBA in Business Analytics: Specialized Course

There are IIM Lucknow, XLRI Jamshedpur, MDI Gurgaon among other top MBA colleges that offer Business Analytics MBA as either specialization, separate certificate or diploma course. Students can exercise their choice to choose MBA in Business Analytics as a specialized course in the second year of their programme

 

Careers in Business Analytics

High placement opportunities are available to build your careers in Business Analytics, if you complete your MBA in 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 in Business Analysis 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 in Business Analytics Syllabus
IIM Bangalore, IIM Calcutta, Great Lakes, LBSIM have a more or less common MBA in Business Analytics Syllabus. Following are the key topics covered in the MBA in Business Analytics Syllabus:

 

The MBA in Business Analytics Syllabus for 1st year students is 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 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

What is the difference between Data Analytics and Business Analytics?
Broadly the MBA in Business Analytics and MBA in Data Analytics are not different. Recently MBA in Business Analytics is being offered as a separate management programme by some MBA colleges due to the growing demand of the employers, earlier it used to be offered as a specialization within an MBA program.

 

Another difference between Data Analytics and Business Analytics is the application of data analytics for decisions. In fact the Business analytics advanced courses are more theoretical and focus on the broad application of data analytics to improve business outcomes. Accordingly, the business analytics course requires the application of data analytics to improve business decisions.

 

 

MBA in business analytics enables the students to develop the skills required to make better data-driven business decisions. The business analytics components of MBA in Business Analytics focus on the business applications of data analytics with courses in big data, business forecasting, statistical applications and optimization.

 

MBA in Business Analytics includes extensive core coursework in business fundamentals such as accounting, finance, marketing and strategy as well. The MBAs in Business Analytics may not offer the same amount of hands-on experience with analytical tools and methodologies without the key study of Data Analytics. Therefore, the Business Analytics attracts the students with business backgrounds who wish to gain familiarity with data analytics.

 

Top MBA in Business Analytics Colleges: Exclusive Programmes
If you are looking for top MBA in Business Management colleges in India, below are the top management institutes with exclusive MBA in Business Analytics Courses in India. The list given below includes only those MBA in Business Analytics Colleges that offer exclusive and separate Business Analytics MBA course like its flagship MBA programme instead of an elective or specialization only. 

 

MBA in Business Analytics Colleges
Title & Type of MBA in Business Analytics Course
MBA in Business Analytics Fees (Rs. in lakhs)
IIM Bangalore
MBA in 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)
 9.40
Great Lakes Institute of Management, Chennai
MBA in Business Analytics
(Executive MBA)
21.50 (Including International Study Programme)
SCMHRD Pune
MBA in Business Analytics
13.30
Lal Bahadur Shastri Institute of Management (LBSIM) New Delhi
PGDM-Research & Business Analytics (2 Years Full time)
15 +
NMIMS Bengaluru
Post Graduate Diploma in Data Science and Analytics (1 Year Part time MBA for executives)
5.10
EMPI New Delhi
PGP in Research and Business Analytics (1 Yr-weekend)
4+ (Under Revision)

MBA in Business Analytics Colleges: Specialized or Certificate Programme
To cater to the rising demand of MBA in Business Analytics, number of top MBA in Business Analytics colleges have included the Business Analytics either as one of the electives/specializations in the MBA course or have started offering certificate course in Business Analytics. Some of the top MBA in Business Analytics Colleges are listed below:

MBA in Business Analytics Colleges
Type of Business Analytics Course
IIM Lucknow
Certificate course
XLRI Jamshedpur
Certificate Course
SPJIMR Mumbai
Specialized Course

Apart from these top MBA colleges, there are more than 100 MBA in Business Analytics colleges offering the Business Analytics MBA in one or other way. Most of these MBA colleges offer admission on the basis of top national or international level entrance exams like CAT, XAT, GMAT, NMAT, SNAP, CMAT among others.

 

MBA in Business Analytics Courses in India
MBA in Business Analytics courses in India as offered by IIM Bangalore, IIM Calcutta, ISB Hyderabad, SCMHRD Pune and other top institutes more or less have similar course design. IIM Bangalore offers exclusive 2 years full time MBA in Business Analytics course, similarly Great Lakes Institute of Management is pioneer in offering MBA in Business Analytics course in India. Since MBA course in Business Analytics offers benefits like transferable skills, networking opportunities and high salaries, thousands of freshers as well as working professionals earn this degree every year with the target to enhance and improve their career opportunities and  position themselves for success in relevant industry.

 

The Post Graduate Diploma in Business Analytics (PGDBA) – jointly offered by IIM Calcutta, IIT Kharagpur, and ISI – aims to help shape the emerging profession of business analytics by delivering a cutting edge inter disciplinary educational experience to graduate applicants with an aspiration of building a career in this field.

 

The structure of MBA in Business Analytics courses in India as offered by top B-schools is shared below:

 

Key Facts about MBA in Business Analytics Course

  • The programme offers Core and Elective courses
  • Core courses are compulsory courses offered in the first year and second year
  • In case of the colleges offering one year course, the core and electives are offered in first year itself
  • Elective courses are offered in the second year, where students get the opportunity to choose from a basket of multidisciplinary courses and courses with functional depth in Analytics. 
  • Course delivery use a combination of the lectures, classroom discussions, industry interactions, case studies, individual and group projects, term papers, role plays, dissertations, business games, films and various experiential learning methods.

The concept of credits is used to define the weightage of a course and the thumb rule is that a three-credit course involves about 100 hours of work – 30% in the classroom, and the rest for preparation and assignments.

 

MBA in Business Analytics Course: First Year
First-year students are exposed to basic concepts as for other MBA programmes 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.  

 

The first year courses are detailed as under:

  • Financial Accounting
  • Managerial Communication
  • Marketing Management
  • Corporate Finance
  • Managerial Economics
  • Organization Design
  • Decision Sciences
  • Applied Probability & Statistical Models
  • Operations Management
  • Competition & Strategy
  • Business, Environment & Society
  • Introduction to Computing
  • Time Series and Forecasting Techniques
  • Machine Learning and Applications
  • Big data Analytics
  • Entrepreneur Learning
  • Summer Internship after 1st Year  with a firm in the Analytics domain

MBA in Business Analytics Course: Second Year

  • Natural language Processing
  • Artificial intelligence and deep learning 
  • Multivariate Data Analysis
  • Optimization
  • Social Entrepreneurship
  • Infrastructure Development
  • PPPs and Regulation
  • Business Analytics and Intelligence
  • Reinforcement Learning
  • Business Forecasting
  • Supply Chain Analytics
  • Marketing Analytics
  • Sports Analytics
  • Social Media Analytics
  • Spreadsheet Model-Business Decision
  • Current Economic Scenario
  • Indian Economy and Policy & Matters for Business
  • Global Securities Markets
  • Corporate Governance: 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.
  • Courses in Business Planning for International Markets, Developing Technology Partnerships between Firms in India and abroad, experiential courses based on student interest are also offered.