An MBA in Business Analytics enable students of MBA Colleges to explore several career options. Business analytics has become an important part of an organisation’s daily functions. Thus, the job opportunities in this domain are increasing. There is an increase in demand for MBA candidates with analytical skills. Therefore, analytics has become a relatively new and popular specialisation in the management industry.
There are various career options for the professionals of MBA in Business Analytics includes Data Analyst, Supply Chain Analyst, Big Data Analyst, Business Analyst, Market Research Analyst, Predictive Modeller, Technical Team Lead, etc.
The amount of data available to the students of Best MBA Colleges in Rajasthan is increasing rapidly. So, this data helps you draw meaningful insights and interpretation and has become increasingly important. The study of big data leverages analytics, statistics, predictive analytics and other optimisation tools and techniques that helps an individual to communicate insights to the relevant stakeholders. It also known as business analytics.
Business analysts can help a company make necessary decisions like cost optimisation, customer satisfaction, and increasing profits. There are various career options after taking up an MBA in Business Analytics Course. Some of them includes the following:
The scope of analytics is increasing and thus taking up a management course along with learning analytical skills can help students of best MBA colleges advance in their career. Through an MBA in Business Analytics, they will gain certain skills like SQL databases, Python and R, Survey/query software, Business intelligence and reporting software, Data visualisation, Database design, Problem-solving skills, Effective Communication, Creative Thinking, Industry Knowledge, etc.
To be eligible for this course, a management graduate must have a graduate degree in any field. Also, they must pass the national eligibility examination for an MBA course. There are three major industries that an individual can get into after completing their course. They are descriptive, prescriptive analysis, and predictive analysis. Companies offer them a role based on their skillset, domain knowledge, and work experience. Every industry is looking to hire an MBA with analytical skills as this is the future, from MNCs to E-commerce companies.
A data analyst works on collecting and evaluating data based on sales numbers, logistics, market research, and other such details. They bring in their technical expertise to ensure data accuracy and work towards processing it and presenting it accurately. Doing so enables the organisation to make intelligent business decisions. The day-to-day job of a data analyst differs across organisations depending on the industry, or the speciality considered. Data analysts are often required students of Best MBA College in Jaipur to communicate with data scientists, IT teams, and the management to determine organisational goals.
One of the key responsibilities of a supply chain analyst is to improve the operational performance of an individual. They do this by finding out the requirements for a specific project and coordinating it with the other employees. A supply chain analyst communicates the details to engineers and quality assurance professionals. This is because students of private MBA Colleges are required to test their new supply chain methods. Also, he/she recommend methods that will help in improving the performance and reduce costs and oversee inventory. The average salary for a Supply Chain Analyst in India expected to be ₹469,747.
The role of a Big Data Analyst is to study the market by identifying, collecting, analysing and communicating data that helps in guiding future business decisions. However, a Big Data Analyst works with unknown data, hidden trends, patterns, and more. Problem-solving skills, the ability to think critically in tough situations, and creative reasoning are some of the important skills required to become a successful Big Data Analyst. In terms of technical skills, they must have programming skills, quantitative and data interpretation skills, and data mining and auditing skills. MapReduce, Hadoop, Hive, and Apache Spark are some of the common tools that the Big Data Analysts uses.
Business analysts work towards understanding the changing business requirements by evaluating the impact of these changes, identifying and analysing requirements, and documenting and facilitating communication among all the involved stakeholders. The average salary for a Business Analyst in India expected as ₹6,66,084. Nearly 90% of all organisations are estimated to have set up Analytics in their functioning over the last few years. Almost every industry has seen a rise of opportunities in this sector. In the IT and enterprises sector, Business Analytics has risen to become a core practice.
An individual may not have heard of the predictive modeller, but it is a job role that comes under predictive analytics. Predictive models of top MBA Colleges in Rajasthan are programs that make a prediction based on the data that is fed to them. A predictive modeller works on creating these types of models. They must have adequate knowledge about analysis, statistics, and technology too. Since it is a slightly newer and upcoming profession, the average salary for this specific role is not available yet.
A professional who is in charge of leading a technical team in any organisation is specifically known as a technical team lead. Their main job is to ensure that the technical development is being addressed properly, the products contains high quality that is delivered at the right time. Students of best MBA Colleges in India would require technical skills, but also high leadership qualities and managerial skills too. The average salary mainly ranges between ₹4-8 lakhs per annum.
There are various career options after MBA in Business Analytics. So, the field is gaining traction, and more companies are looking to hire MBA graduates of top MBA Colleges who have analytical skills as well. This specialisation shows a promising outlook overall.