Career in MBA Business Analytics – Market Trend, Growth, Jobs, Salary, Top B-Schools

Business Analytics is a study of data through statistical and operations analysis, the formation of predictive models, applications used for optimizing techniques, etc. It is a highly demanded specialization with bright career prospects. 

According to the India Skills Report (ISR) 2022, India’s employability is up to 46.2% from 45.97% this year. The report indicates that 51.44 percent of women are highly employable, while 45.97 percent of men are highly employable. MBA and B-Tech graduates were found to be the most employable talent across diverse industries, according to the survey.

According to another Analytics India Industry Study 2021 report, in the next few Years, the size of the analytics market will evolve to at least one-thirds of the global IT Market. The Business analytics market accounts for 23.4% and is expected to increase at a CAGR of 21.2% till 2026. This will help the market to generate more jobs for MBA in Analytics in India.

• Top places to join for Business Analytics professionals are MNC’s, Colleges & Universities, Telecom Companies etc.
• Apart from this, industries of Financial Services, Retail, Manufacturing, oil & gas, and social media also hire postgraduates of MBA in Business Analytics.
• The role of the Business Analyst and Data Scientist will expand a lot by 2020.
• Candidates of MBA in Business Analytics expand their career to Descriptive Analysis, Predictive Analysis, Prescriptive Analysis, etc.
• Business Analytics is highly used for companies for data-driven decision marketing.
• The postgraduates can secure jobs as Business Analyst, Business Analyst Industry Expert, Business Analyst Project Manager, Data Analyst, Big Data Analyst, Data Warehousing Expert, etc.
• MBA in Business Analytics provides the candidates with an opportunity for exploring all avenues to provide data-driven growth.

As per the report and statistics, 1.5 million analysts and managers trained to leverage analytics to make data-driven business decisions.

• Postgraduates in MBA Business Analytics have options to join companies as Business Analyst, Business Analyst Industry Expert, Business Analyst Project Manager, Data Analyst, Big Data Analyst, Data Warehousing Expert, Business Intelligence Expert, and Data Mining Expert, etc.
• The industries of Retail, Financial Sector, Healthcare, and Social Media also offer jobs for MBA in Business Analytics.
• Students looking for advanced degrees can go for higher studies in Business Analytics. It is a multidisciplinary degree and includes training in technical skills, business fundamentals, management practices, leadership, and communication, etc.

Major subjects commonly taught during MBA in Business Analytics:

• Quantitative Methods
• Management Information Systems
• Marketing Management
• Statistical Analysis
• Computational Methods
• Applied Statistics
• Social and Web Analytics
• Business Analytics Application
• Industry Applications of Analytics
• Applied Business Intelligence
• Legal Aspects of Business etc.

Jobs after MBA in Business Analytics are:

Some of the popular jobs professionals take up after MBA Business analytics are:

The average salary for professionals in this field is Rs 3LPA to Rs 10 LPA. Salary range differs as per position.

Following is some of the average salary for different positions held by Business Analytics professionals. See the list:

MBA in Business Analytics is a two-year degree program offered by almost all the top MBA Analytics colleges in India. There are more than 300+ best Master of Business Administration in Business analytics colleges in India with the highest salary package. The average annual fees for the top MBA analytics colleges in India are approximately more than 5 lakh P.A. Admission to MBA in Business analytics is based on two modes – Entrance Exam as well as Management Quota. Students can choose either ways to pursue Master in Business Analytics. 

Here is the list of best and top MBA in Business Analytics colleges in India as per NIRF ranking 2021 for management institutes in India.

The top MBA in Business Analytics colleges in India are:

As per NIRF and Outlook-ICARE’s Annual Rankings 2022 report, IIM Bangalore is one of the top MBA in Business Analytics colleges in Bangalore after IIM Ahmedabad. Bangalore is chosen for MBA (Business Analytics) programs owing to 100% placement records in MBA colleges in Bangalore over the last few years. Apart from IIM Bangalore, Alliance University is also considered as the best MBA Business Analytics Colleges in Bangalore and offers MBA in Business Analytics programs at affordable fees with high salary jobs.

Here is a list of Top colleges in Bangalore offering MBA in business analytics are: