MBA in Business Analytics: Fees, Eligibility, Admission, Subjects, Top Colleges, Scope

MBA Business Analytics is a two-year postgraduate degree programme. In India, around 111 educational institutes offer an MBA in Business Analytics. Business Analytics is a field that concerns using various statistical techniques and quantitative methods to solve business problems.

In IIM Ranchi for the academic year 2022-2024 the highest package was Rs. 34.91 LPA and the average CTC was Rs. 19.13 LPA. Since an MBA degree is comparatively expensive, the return on investment is also on the higher side. Some of the popular exams are CAT, MAT, GMAT, XAT, and NMAT.

Some of the well-known management institutes in India are IIM Bangalore, IIM Ranchi, IIFT Delhi, and Chandigarh University. The course provides students with training in technical concepts, business fundamentals, and managerial principles and skills. Some of the important subjects a student studies in an MBA in Business Analytics are Financial Management Accounting, Managerial Economics, and Advanced Statistical Techniques.

MBA Business Analytics Important Dates

• CAT Exam- 24 Nov 2024
• CAT Admit Card- 05 Nov 2024 - 24 Nov 2024

MBA Business Analytics Course Details

MBA in Business Analytics Eligibility Criteria

The eligibility criteria for an MBA in Business Analytics may differ depending on the institute. However, students should check the requirements beforehand. Students can generally check these details either on the official website of the institute or the programme brochure. In the table provided below, we have discussed important eligibility guidelines.

MBA Business Analytics Admission Procedure

Business Analytics is a specialisation that is in great demand amongst MBA aspirants. Many students aspire to pursue it due to its broad scope. In India, many leading IIMs also provide similar or related specialisation. Admission procedures may differ based on the institute. Listed below are the general admission guidelines for the MBA Business Analytics course.

• The admission procedure for an MBA in Business Analytics differs depending on the institute and its reputation and ranking.
• Students can apply by filling out the application form on the official website of the institute. It is generally based on entrance examinations to get admission to the leading institutes.
• Once candidates have cleared the entrance examinations, a merit list will be prepared and the students will be allotted institutes.
• Applicants should pay the course fees and submit the required documents to conclude the admission procedure.

Top Entrance Exams for MBA Business Analytics

MBA in Business Analytics aspirants can apply for admission to leading institutes by appearing for the relevant entrance examinations. Admissions will be granted based on the merit score, and grades in their graduation. Some colleges may also conduct aptitude tests, group discussions or personal interviews as part of the admission requirements.

Top MBA Specialisations

MBA has various specialisations that cater for the diverse interests of graduates. Some of the popular specialisations amongst MBA aspirants are Finance, Human Resource Management, and Marketing. In the below-mentioned table, we have provided a list of popular MBA specialisations.

IIM Cutoff for MBA Business Analytics

The cutoff for MBA in Business Analytics is the minimum score that the candidates must obtain to qualify for admission. It is prepared in terms of percentile. Cutoff score differs depending on the number of applicants, the difficulty level of the examination, and the educational institute's stature. The cutoff score of some of the popular IIMs offering an MBA Business Analytics course is listed below.

MBA in Business Analytics Subjects/Syllabus

Business Analytics subjects in an MBA are spread across two years, with two semesters in each year. The course curriculum includes subjects such as organisational behaviour, principles and practices of management, data management, and operations management. In the table below, we have provided the syllabus of UPES Dehradun for MBA Business Analytics offers in collaboration with KPMG.

Fee Structure of MBA in Business Analytics

The candidate needs to know the fee details before applying for admission. The fees for both the academic years may be different depending on the institute. Many government institutes also provide scholarships for qualifying students. Generally for an MBA Business Analytics course, the fee ranges anywhere between Rs. 97,540 to Rs. 21.10 Lakhs.

Scope of MBA Business Analytics

Business Analytics is very important for companies, as it helps in making better decisions, enhancing consumer experience, and reducing risks. The scope of Business Analytics is very vast in India and abroad, making it an ideal career choice. Graduates can contribute to industries such as healthcare, business, academics, finance, and information technology, depending on their job profile.

With technological advancements, the focus on more sophisticated analytics techniques has increased. Students who have studied this course are equipped with business knowledge along with analytical skills. which prepares them for a variety of job profiles. Students who are interested in studying further can also opt for a PhD in Business Analytics or related disciplines.

MBA in Business Analytics Career Options

Business Analytics can be applied in any industry to solve problems, reduce the risks associated, and increase productivity. With increased internet penetration, business analytics has become prevalent in areas such as forecasting and data analysis. After completing an MBA in Business Analytics, students can apply for many career options such as:

Salary Source: AmbitionBox

Top Recruiters

• Accenture
• HP
• IBM
• Cognizant
• Tata Consultancy Services
• American Express

Salary after MBA Business Analytics

Due to their diverse skills and knowledge, the graduates can expect to earn handsome salary packages. Some of the factors influencing the salary of an MBA in Business Analytics are the skills and experience of the graduates, work location, and the job profile opted by the candidate. In the table below, we have mentioned the average salary of the private and government sectors.

Salary Source: Naukri.com

Note: The salary mentioned anywhere in this article is for reference purposes, the actual salary may be different, please treat them as such.

Benefits of Studying MBA in Business Analytics

There are various benefits of studying for an MBA Business Analytics degree programme. It assists the candidates to upskill and stay updated with the latest innovations in the business industry. Some of the recent examples are big data analytics, SQL, and Python.

With a shift towards advanced analytics techniques, the demand for qualified business professionals has also increased. The course focuses on theoretical knowledge along with its practical application. Students also get many networking opportunities which will help them in their careers.

Top Private MBA in Business Analytics Colleges

Many private educational institutes offer an MBA degree in Business Analytics. Apart from their good placement facilities and education, they also have state-of-the-art infrastructure and various facilities for the comfort and convenience of the students. In the table below, we have provided a list of private colleges along with their respective NIRF rankings and fee details.

Top Government MBA in Business Analytics Colleges

Government institutes are well-known for their nominal fees and good educational standards, In India, many leading business schools are government-owned such as IIM Ahmedabad, IIM Bangalore, and IIM Ranchi. In the table below, we have provided the fees and NIRF ranking of these institutes.