Data is the most important tool of any modern-day business. Information technology has progressed far and wide in the past few years, and the scope of work in the management sector has changed for the better accordingly. Management is one of the most dynamic sectors in the commercial world and formal education is necessary to start your career. MBA in business analytics is one of the most sought-after and popular courses in the world of management.
MBA in business analytics is the path one must take to learn the ins and outs of the analytics industry. The two-year program introduces key data analytics concepts and teaches various tools which can be used for generating insights into a company’s performance and deliverables. Sage University, Indore and NIU, Noida are big names when it comes to MBA in business analytics which provides their students with ample opportunities to grow and succeed.
Why is an MBA in Business Analytics so popular?
Analytics is one of the most growing disciplines in almost all industries around the world. Especially in the business sector, reflections on performances, outputs, and inputs are especially important to appropriately approximate the growth and take necessary actions for the betterment of the company. MBA in business analytics introduces an individual to the technical and business aspects of analysis. A delicate balance of technical and practical business skills is necessary to work in the dynamic sector of analytics, and colleges like Sage University, Indore lay a solid foundation for students.
MBA is all about practicality! Much apart from the theoretical fields like literature, arts, and philosophy, the real essence of an MBA is about going out there and getting things done. It is essential to experience the practical aspects of the field, as much as the theoretical concepts.
Skills to gather from the course
MBA is all about developing core business-related skills. But an MBA in business analytics goes a little extra and introduces an individual to certain targeted technical skills, which over the period of the master’s degree develops into a niche set of tools one can use in the professional environment. There is so much to learn from an MBA, but the specific skills which an MBA in business analytics develops are:
- Marketing analytics
- Finance analytics
- Principles of management science
- Spreadsheet modelling
- Data mining
- Forecasting and modelling
- Business statistics
There are a lot of different softwares one is exposed to during the course of study. Though a majority of the work done in the analytics field is computer-based, a proficiency in business skills is also quite necessary. It is important to maintain this balance and colleges like IIMs and Sage University, Indore aim to expose students to both sides of the coin.
Colleges to look out for
With the growing technology, businesses are being calibrated to maximise their efficiency by using various software tools to predict, analyse, and report deliverables. MBA in business analytics has seen a growing demand over the past few years, and subsequently, a lot of colleges have introduced the degree in their course catalogue. It is essential to accurately estimate the worth of a college by considering various different factors like placements, course curriculum, faculty, and infrastructure. The top colleges for an MBA in business analytics are:
- Xavier’s Institute of Management and Research, Mumbai – This college ranks as one of the best when it comes to placements and internships. Located in Mumbai, the college is visited by top MNCs from around the country, with attractive offers for students. Regular workshops and seminars are also organized, which helps students understand the practical aspects of an MBA.
- NIU, Greater Noida – One of the top institutions in India with an outlook that reaches far and wide, globally. The college also has one of the most experienced and trained faculty along with a highly developed infrastructure that helps create an immersive and development-oriented space for individuals.
- Sage University, Indore – Located in Indore, Sage University, Indore boasts not just a great infrastructure but also a well qualified and engaging faculty, who constantly push the limits of students and extract the best from them. There is a great emphasis on internships and placements, and students are generally placed in top firms from around the country with great starting packages.
Conclusion
Business analytics is the future of the corporate industry. A well trained, analytical mind, some business sense and an immense drive to succeed is all one requires to make a career in this dynamic field. Pick the right college and keep hustling!
