In the 21st century, Harvard Business Review has ranked Business Analysts and Data Scientists as the ‘sexiest jobs’. The Data Analysts use business-related data to create predictive models for future projects and beat the competition. In the last few decades, analysing data has emerged as crucial as breathing in the current business world.
In addition, data analysis is becoming increasingly important in India’s business environment and decision-making. As a result, many Indian business schools now offer part-time and full-time MBA programmes in Data Science and Business Analytics.
Read further to learn about the top eight colleges offering MBAs in Data Science and Business analytics.
MBA in Data Science and Business Analytics – Overview
In India, Data Science and Business Analytics is becoming one of the most popular MBA specialisations, as most professionals take MBA to climb up the ladder in their careers. Indian MBA colleges, including the Indian Institutes of Management (IIMs), now offer data science and business analytics courses or Big Data Analytics. Many other colleges are likely to follow the trend.
Data Science and Business Analytics MBA course is a two-year post-graduate degree offered by several colleges. MBA full form is a master of business administration, where the students have expertise in data analytics and strong management skills. Data Scientists and Business Analysts are among the best-paid MBA professionals in India’s private and public sectors.
Many start-ups and companies providing digital services through smartphones seek applicants with an MBA in Business Analytics, a Diploma/Certificate in Data Science, or a related degree. In response to existing feedback or survey data, candidates skilled in Data Management and Analysis can assist companies in better decision-making and planning.
MBA in Data Science Colleges India
The best colleges for MBAs in data science and business analytics in India are listed below.
|Name of the college||Course name||Course type||Total fees in ₹ (lakhs)||Entrance test criteria|
|IIM Bangalore||MBA – Business Analytics||Two years full time||21.15||SNAP|
|IIM Calcutta||PGDBA – Postgraduate diploma in business analytics||Two years full time||20||The merit with two years of work experience.|
|Lal Bahadur Shastri Management Institute (LBSIM) New Delhi||PGDM-Research & Business Analytics||Two years full time||15||The merit with two years of work experience.|
|Great Lakes Institute of Management, Chennai||MBA in Business Analytics||Weekend Executive MBA Program||21.5||CAT|
|SCMHRD Pune||MBA in Business Analytics||Two years full time||13.3||Merit-based – should be above 50%|
|ISB Hyderabad||Advanced Management Programme in Business Analytics||1 Year Full-time MBA||9.4||CAT, GMAT|
|NMIMS Mumbai and Bengaluru||PGD in Data Science and Analytics||1 Year Part-time MBA for executives||5.11||CAT, CMAT, XAT, MAT and ATMA|
|EMPI New Delhi||PGP in Research and Business Analytics||1 Year Part-time (Weekend)||4 +||CAT|
Scope of MBA in Data Science and Business Analytics
MBA in Business Analytics candidates develop the following skills:
- The use of data programming techniques,
- Statistical and mathematical techniques and tools, and
- The use of linear programming methods in operational research.
After earning an MBA in Business Analytics, you can get into three fundamental analytical domains:
1. Descriptive Analysis
Using descriptive analysis, you can understand past and present situations. To solve past business problems and design future solutions, you must analyse and interpret data using Descriptive Analysis.
2. Predictive Analysis
Analysing the past business performance of a company/organisation is the basis of Predictive Analysis. In this role, you must identify the shortcomings in past business solutions and strategies to prevent them from happening in the future.
There are many applications for predictive analytics, including forecasting, entertainment, behavioural targeting, etc.
3. Prescriptive Analysis
A Prescriptive Analysis focuses on enhancing current and future business productivity and performance by formulating optimisation techniques. This boosts a company’s annual returns.
A few examples of prescriptive analytics are venture capital investments, fraud detection, and algorithmic measurement.
MBA in Data Science and Business Analytics – Eligibility
- You must have a Bachelor’s degree in any discipline and a minimum 50% mark from a recognised college to be eligible for MBA in data science colleges.
- Additionally, you must pass one of the National Eligibility Tests, such as the CAT, MAT, XAT, CMAT, GMAT, ATMA, or SNAP.
- Also, only some MBA in data science colleges in India may require two years of work experience.
MBA in Data Science and Business Analytics – Job Profiles
The following jobs are available for MBAs in Business Analytics:
- Data Analyst
- Big Data Analyst
- Data Scientist
- Business Analyst
- Predictive Modeller
- Qualitative Analyst
- Technical Team Lead
- Data Mining Expert
- Market Research Analyst
- Data Warehousing Expert
- Data Analyst SAS Programmer
- Business Intelligence Expert
- Business Analyst (Industry Expert)
- Data Warehousing and BA Architecture
- Business Analyst (Project Manager)
|Experience||No of years||Average annual salary in ₹|
|Fresher||0 to 3||2.5 to 5 LPA|
|Mid-level||5 to 8||7 to 15 LPA|
|Experienced||10 to 15||18 to 30 LPA|
The salaries mentioned above can vary if you study from the best data science MBA colleges in India.
The following are a few of the top companies that hire MBAs in Data Science and Business Analytics:
- Tata Group
- Morgan Stanley
- Adani Group
- American Express
- Larsen and Toubro (L&T)
- McKinsey and Company
- Boston Consulting Group
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People Also Asked
Which MBA is best for Data Science?
MBA in business analytics and business intelligence are best for data science.
Is an MBA in Data Science worth it?
Yes, it is worth doing an MBA in data science. Since the industry is growing, the need for management is also increasing, so an MBA in Data Science is worth considering.
Is there an MBA in Data Science at IIM?
Yes, the data science MBA course is there at IIM Bangalore, Calcutta and Kozhikode.