What Is Business Analytics, Program Outcome, Career Prospects

December 20, 2020July 22, 2022 CS Electrical And Electronics

Hello guys, welcome back to our blog. In this article, we will discuss what is business analytics, program outcome, career prospects of business analytics, and salary for entry-level, mid-level, and advanced-level business analytics.

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What Is Business Analytics

Business analytics is the domain that makes use of statistical and analytical methods and various processes to extract valuable insights that can enable crucial business decisions. It is one of the vital areas ensuring the success of companies today. Because the executives can drive companies in the right direction and offer a competitive advantage, they are in high demand in today’s job market.

MBA Business Analytics program is designed to build strong foundational knowledge in areas of managerial economics, accounting, DBMS, business statistics, and management in finance, HR, and marketing domains. The program also offers comprehensive training in data mining, data analysis, and data visualization techniques.

Program Outcome

Things you will learn after completing MBA in business analytics.

01. Ability to apply analytics techniques to analyze and interpret the data.

02. Ability to use tools such as python, R, etc, to solve BA problems.

03. Recognize the importance and value of mathematical and statistical thinking, training, and approaches to problem-solving, for a diverse variety of disciplines.

04. Have the necessary skills and understanding to take up advanced topics in the area of analytics and thus, enhance their career.

05. Analyze the relationship between strategic decision-making and corporate financing decisions.

06. Students will work on real-world projects and learn the skills necessary to succeed in data visualization, statistical modeling, data mining, optimization, and simulation in order to proficiently analyze large datasets and generate actionable insights.

Career Prospects

Business analytics is the process of collecting, storing, and analyzing data to help a business improve its efficiency and increase its revenue. If an organization uses a data-driven approach in its decision-making process, then analytics plays a major role in its approach to decision-making. According to MarTech, the digital universe has 2.7 Zettabytes of data, and most of it is unstructured, analyzing it all will require a lot of data analysis. This means there are a lot of career opportunities in business analytics now more than ever.

Career progression for the business analytics program is as follows:

Industry Exposure	Entry Level (0-3 years experience)	Mid-Level (3-6 years experience)	Advanced Level (6+ years experience)
Salary* (In Indian rupees/annum)	4,00,000 – 12,00,000	12,00,000 – 18,00,000	18,00,000 +
Job Role	Business Intelligence Analyst	Business Intelligence Manager	Business Intelligence Head
“	Market Research Specialist	Big Data Analytics Manager	Big Data Analytics Head
“	Market Research Analyst	Manager – Market Research	Head – Market Research
“	Junior Data Analyst	Data Analyst	Data Scientist
“	Program and Marketing Executive	Program and Marketing Manager	Data Strategist