Online MBA In Business Analytics

Business Analytics is the accumulation, classification, processing, and evaluation of data using mathematical tools like statistical models to convert data into comprehensible business actions. In easier words, business analytics is simply the process of studying large data, including numbers, to draw conclusions that would further help solve business problems. 

Online MBA in Business Analytics is a four-semester-long postgraduate programme that enables the candidates to learn skills like statistical programming and customer analysis to develop an all-around practical knowledge to propel their careers from the comfort of their homes. 

Let us look at online MBA in complete detail. 

Key Features of Online MBA in Business Analytics

• Online MBA in Business Analytics or MBA in Business Analytics WILP (work integrated learning program) is a UGC-DEB-approved course. It holds the same value as a regular MBA. 
• This postgraduate online degree lasts 2 years, divided into four semesters. However, the candidates can pass all the exams in an additional two years, making the maximum possible duration of an MBA 4 years. 
• The classes are conducted mostly after evenings or weekend business hours. Thus, full-time employees need not give up their jobs to pursue this degree. 
• The average course fees vary from INR 60,000 to INR 5,00,000, per the university.
• The course has a smooth curriculum that glides over the business management basics and the modulations of business analytics. 
• Insights from expert professionals in the industry will help you develop radical solutions to real-world problems in students. 

Subjects/Syllabus 

The curriculum of this degree is specifically designed to cover all the necessary streams of Business Analytics. It is supposed to meet every unconventional and cutting-edge need of the corporate society. It incorporates the most important skills, including Variance Monitoring, Pricing, Reporting, and Budget Forecasting, to provide the most advanced knowledge on Business Analytics, following all the trends. 

Here, all the important subjects are taught in each semester of Online MBA In Business Analytics. 

Application Criteria

This work-integrated learning program is designed for individuals who wish to boost their careers while still employed. The eligibility criteria are as follows.

• The candidate should have completed his graduation or should hold a bachelor’s degree in any field. 
• The minimum score aggregate of the candidate should be 50% of the total in the last qualifying exams. 

Course Duration 

Online MBA in Business Analytics lasts for 2 years. These two years are subdivided into four semesters of six months each. Subjects are taught in the course according to these semesters. 

The advantage that Online MBA students have over regular MBA students is that they are given an additional two years to pass the exams. So, the maximum possible duration of an Online MBA in Business Analytics can be up to 4 years. 

Admission Process 

A candidate must know that the registration process is conducted virtually to be admitted into the Online MBA in Business Analytics. Listed below are the steps of the admission procedure that you need to follow. 

• Explore all the available options and choose a university that suits you the best.
• Go through the institutions’ official web page and register as a new user.
• Choose the course and enrol.
• Fill out the necessary details in the application form and check them over multiple times to ensure correctness. 
• Upload all the necessary documents asked for. 
• If there are any registration fees, please make that payment. 
• You will be mailed the enrollment number once the university verifies your eligibility through the documents you uploaded with the admission form.

Specialisations 

• MBA Online Financial Markets
• MBA Online General Management
• MBA Online International Business
• MBA Online HR Analytics
• MBA Online International Trade Management
• MBA Online Waste Management
• MBA Online Infrastructure Management 
• MBA Online Online Operations
• MBA Online Retail Management
• MBA Online Fintech
• MBA Online Digital Entrepreneurship
• MBA Online Banking and Finance
• MBA Online Healthcare
• MBA Online Blockchain
• MBA Online Agribusiness

Career Opportunities 

Pursuing an MBA is a diplomatic step towards restarting the growth of your career. You open the doors to new positions that promise a growth mindset and high salaries. Here are a few job profiles and their descriptions that you can consider for application after doing your MBA in Business Analytics:

Marketing Manager:

A certified marketing manager makes well-planned drafts for a marketing strategy and executes it to build potential markets, attract new customers, and retain the existing customers' loyalty. 

Management Consultant:

Management consultants use their prowess in business to provide unbiased advice to a firm and help them develop any skills that may be lacking. They add value to a company, multiply growth, and help solve any disputes. 

Big Data Analyst:

A Big Data Analyst guides the future decisions of a company by identifying the market, incorporating, visualising, and communicating about the data. 

Business Analytics Specialist:

They help in improving the performances of organisations by assessing their performances. They conduct research and studies to figure out the problems and use mathematical tools to rectify them.

Senior Data Scientist:

Senior Data Scientists run experiments, develop new algorithms and improve last-stage analytics while working closely with other research scientists, economists, and machine learning experts. 

Predictive Analyst: 

As the job title suggests, Predictive Analysts use the process of machine learning, data analysis, artificial intelligence, and statistical models to predict future consequences of the company. 

Other Modes of Courses After an Online MBA in Business Analytics

Business Analytics as a yielding sector is highly rewarding. Every year, tens of thousands of job openings are seen in this sector. However, just as gratifying as this degree is, there is a cutthroat competition to match. Hence, you must ensure that you have unique skills that set you apart from the crowd. 

Listed below are some specialisation certificate courses and their duration that can be opted for after an MBA to improve your chances of getting hired by the top firms. 

• Google Business Intelligence — 3 to 6 months

This course will explain the role of business intelligence (BI) in an organisation and help students develop design data visualisation that will help in solving business problems. 

• Advanced Business Analytics — 3 to 6 months 

This course provides exposure to real-world business analysis processes, and you can learn tips to grow your business with the expertise of professionals. 

• Predictive Modelling and Analytics — 1 to 4 weeks

Tools to visualise and summarise data sets will be introduced. You will also learn the techniques for the prediction of discrete outcomes. 

• Strategic Business Analytics — 3 to 6 months

You will learn the creative aspects of business analysis and how to measure a business by its performance. 

• Google Advanced Data Analytics — 3 to 6 months

You will learn to build machine-learning tools and models to get an interpretation of data within an organisation as a data analyst. 

Top Hiring Firms 

• WIPRO
• IBM
• Infosys
• Amazon
• Randstad India Pvt Ltd 
• Genpact
• Maruti Suzuki
• Google

These are some of the top recruiters that provide jobs with lucrative salaries to graduates from Online MBA in Business Analytics. 

Top Universities 

Conclusion

Allied Market Research (AMR) released a report stating that Global Big Data and the market of Business Analytics is expected to grow at a CAGR of 10.9% to reach $420 Billion by 2027. Conclusively, job opportunities in the Business Analytics sector are ever-increasing and at their peak. Hence, pursuing an online MBA degree in business analytics is an excellent idea.