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Distance MBA in Business Analytics

Colleges | Scope | Courses | Eligibility | Admission

The current economy demands a new, modern and more dynamic analogy to understand Business Analytics. The job roles in this field, for many years, have been called a “Bridge” but today they can also be understood as a GPS system. It can be divided into four parts: 

Map: The whole representation of the business-competitor analysis, market forces, gap study and the rest of the picture
Current Location: Understanding the current problems and looking for a long-term solution
Navigation: Navigating possibilities for solutions and finding the best routes to achieve the desired result 
Destination: Implementing the solutions to reach here. 

Analysing how a business operates is imperative to make sure that it has a future in a world where trends change with the speed of light, where new startups emerge like shadows in light and where Google has become our oxygen.  

Today, with the help of the right skills and techniques, it is possible to predict and transform the future of a business. This can be done by analysing the past performance of a company to gain valuable insights about the consumers. These insights can help make important business decisions and accelerate business growth. Business analytics have, thus, become crucial for the sustenance of every business. 

What is Business Analytics?

Business analytics is a set of tools, techniques and technologies which are used to solve important business problems. It consists of processes such as data analysis, statistical models, business intelligence, and more such innovative methods. The main purpose behind it is to investigate & analyse the performance of a business, to identify the bottlenecks and to make recommendations to enhance business growth.

What is an Online MBA in Business Analytics?

It is clear by now that an MBA in Business Analytics can do wonders for your career. Not only is there a good scope in the field but there are tremendous growth opportunities. What is even more important is the fact that you will be involved in making important business decisions. Thanks to distance and online learning, you don’t even need to quit your existing job to pursue this lucrative field. By enrolling in Business Analytics MBA online course, you can easily manage your studies alongside your 9-to-5. 

The recent UGC regulation has also put online and distance MBA degrees at par with regular MBA degrees. So, do not worry if there is a scope of getting a job after pursuing an online MBA in business analytics. Being the most in-demand skill in this era, most companies look for the right candidate with the right skill set to manage their analytics. Your online degree will equip you with the right knowledge, hands-on experience and the right skillset and make you the best fit for the job. 

Why Pursue Online MBA in Business Analytics?

The domain of Business analytics is booming in the corporate world. Most businesses are relying upon predictive analysis given by business analysts to make important decisions for the future of their company. The global business analytics market was valued at $198.08 billion in 2020. It is expected to reach $684.12 billion by 2030. Looking at the growing demand in the field, an online MBA in Business Analytics seems to be the right way to grab this opportunity. Let us look at a few benefits of pursuing the degree.

  1. Stay Up to Date: Business Analytics is a newly emerging field which employs innovative technologies such as Artificial Intelligence, Machine Learning, etc. The course will, therefore, keep you updated with the latest technological breakthroughs in the world. Furthermore, it will also inform you about the changing trends in the business world which will help you in making better business decisions to drive value and profits to your company. 

  2. Career Growth: MBA in Business Analytics acts as a catalyst for you in getting a managerial position as the course equips you with the perfect blend of the right business knowledge and the knowledge of the latest technological innovations. The best part is that you don’t even need to have a technical background to pursue this course. Anyone with a bachelor’s degree can opt for Business Analytics MBA online programme to take their career to newer heights. 

  3. Salary Hike: A Distance MBA in Business Analytics not only helps you in getting a better position but also helps you in driving a better salary. It equips you with the knowledge of various emerging trends in the industry, thus adding a lot of value to your resume. This will help you in securing a better salary. 

  4. Networking: During your course, you will get a chance to interact with many professionals and industry experts. This will help you in expanding your business network and seek guidance from experts at every step of your career.

  5. Time Management: The Online MBA course provides you with the opportunity to develop time management skills as you have to balance your work, life and studies strategically. Furthermore, the distance course offers you the flexibility to learn at your own pace as there is no boundation to attend classes. You can study whenever it’s convenient for you.

Eligibility Criteria for Business Analytics MBA Online

The eligibility criteria for Distance MBA in Business Analytics differs from one educational organisation to the other. But we present to you a fundamental standard that is required by most of the institutions:

Bachelor’s Degree: A bachelor’s degree is a must for anyone who is looking to pursue an MBA in any domain and MBA in Business Analytics is no exception. Thus, you must have a graduate degree of at least a duration of 3 years. Furthermore, an institute can also specify the minimum marks required to pursue the course. Most institutes require a candidate to have secured a minimum of 50% marks to pursue an MBA in Business Analytics.

Entrance Test:  Some institutions state that the candidate should have attained a set score in the MBA entrance tests such as CAT/ CMAT/ XAT/ ATMA/ MAT or any other specified tests.  However, most educational institutions do not require a candidate to have appeared in the entrance tests for a distance MBA course.

Work Experience: Educational institutions also require a mandatory work experience in their eligibility criteria for the MBA course in Business Analytics. The duration of the work experience varies from institution to institution. Some institutes also specify the industry that you must have worked in to be able to pursue the course.  However, you may be exempted from this requirement if you have scored above 50% marks in your bachelor’s.

Admission Process of Online MBA in Business Analytics

Most institutes offer a seamless process for admission in online MBA in Business Analytics course. You will first need to fill an online application form, fill in all the details, upload all the necessary documents and pay the online application fee. After this, the university will roll out the list of short-listed candidates who can proceed with the admission process. Some universities also take an entrance test but that is rare in the case of distance MBA. 

On getting shortlisted, you will have to go complete the admission procedure which includes the payment of the course fee, verification of documents and other formalities. 

Syllabus of MBA in Business Analytics through Distance Learning

The minimum duration of an MBA in Business Analytics course through distance or online mode is 2 years. The course is divided into four semesters. The course has a well-designed curriculum wherein you will learn about different aspects of business and data analytics. Besides the subject matter, the course also involves some mandatory internships and project work.
The table below provides a basic idea of the syllabus of the Online MBA in Business Analytics:

SEMESTER-1 Semester - 2
Organisational Behaviour Human Resource Management
Business Communication Financial Management
Accounting for Managers Operations Management
Economics & Management Decisions Business Research Methods
Marketing Management Operations Research
Marketing Management Executive Communication
Principles & Practices of management Data Management
Quantitative Methods Business Analytics
Business Modelling with Spreadsheets Business Intelligence
Data Environment ---
SEMESTER-3 Semester - 4
Strategic Management Enterprise Risk Management
Executive Communication Legal Aspect of Business
Data Visualization Social & Web Analytics
Big Data Analytics Consultancy Management
Marketing Analytics
Predictive Modelling
Programming for Analytics
Supply Chain Analytics
Energy Analytics

The University Grants Commission (UGC) offers educational institutions autonomy to revise the syllabus and make necessary additions or omissions to it. Therefore, the syllabus may differ from one organisation to another. For more details, you can visit here: Distance MBA in Business Analytics Colleges

Fee Structure of Online MBA in Business Analytics 2023

The fee structure varies for different educational institutions and is dependent on diverse factors.

The average fee for the complete Online MBA course in Business Analytics is INR 2,40,000. It ranges from INR 1,00,000 to INR 4,00,000. Almost all colleges provide students with convenient & flexible payment options wherein the students can pay the fees one-time, annually, semester-wise, or with easy EMIs.

Career, Jobs and Salaries after Online MBA in Business Analytics

The domain of Business Analytics is growing at a CAGR of 13.5%. Analytics today forms a major part of all enterprises as they help to manage, process and streamline the databases of the company in realtime. According to an article published in the Hindu Business Line, there is a 30% increase in Analytics jobs in India in the past one year. India contributes to 11.6% of the total job openings globally in the domain. Some of the top recruiters in the field include Accenture, Flipkart, IBM India, Capgemini, and JP Morgan.

The given table gives a brief idea about the diverse job roles that you can pursue after a Online MBA in Business Analytics:

JOB ROLE JOB DESCRIPTION
Business Analyst Business analysts study large amounts of data to identify effective ways to increase organisational efficiency.
Data Analyst Data analysts collect and store data related to Sales, Market Research, Logistics, Linguistics, or other behaviours.
Data Architect A data architect creates and maintains an enterprise database by identifying structural and installation solutions.
Database Administrator As a Database Administrator (DBA), your responsibilities are handling and managing the database performance.
Data Analytics Consultant Data Analytics Consultants provide solutions that improve efficiency and solve business problems.
Marketing Analyst Market Analysts are responsible for studying market conditions to evaluate potential sales of products and services.
Data Engineer Data Engineers work in diverse environments to create efficient systems which are used to collect, manage, and transform raw data. The data converted into the form of actionable information is then used by data scientists to make important business decisions.
Chief Data Officer CDOs help organisations to use data strategically to help them operate more efficiently, be more productive, work better with customers, employees, and other stakeholders, and capitalise on existing revenue streams.
Analytics Manager The main role of Analytics Managers is to develop and implement comprehensive business tools and strategies that convert raw data into easily interpretable business insights.
Operations Research Analyst Operations Research Analysts act as advisors to Managers and other Decision-Makers. They assist in recognising the appropriate course of action to solve problems.

Estimated Salary of Business Analytics Professionals in India

JOB ROLE Average Annual Salary
Business Analyst ₹ 7.5 Lacs
Data Analyst ₹ 5.5 Lacs
Data Architect ₹ 22 Lacs
Database Administrator ₹ 7.2 Lacs
Data Analytics Consultant ₹ 11 Lacs
Marketing Analyst ₹ 8 Lacs
Data Engineer ₹ 8 Lacs
Analytics Manager ₹ 20 Lacs
Operations Research Analyst ₹ 6 Lacs

Best Colleges for Online MBA in Business Analytics

Distance MBA in Business Analytics is so popular that a lot of colleges and universities offer this programme. You can check them all out by visiting our website. Here, we are providing a list of some of the top colleges and their fees.

College/ University Name Course Fees
NMIMS NGASCE ₹ 1,68,000
Online Manipal ₹ 2,60,000
Amity University Online ₹ 2,80,000
Jain Deemed-to-be University ₹ 2,50,000
Suresh Gyan Vihar University ₹ 4,00,000
IMT Ghaziabad ₹ 1,10,500

You can check out the fees and other details of these universities on our website.

Summary

Course Name Online MBA in Business Analytics
Course Type Master’s Programme
Duration 2 Years (Minimum) - 4 Years (Maximum)
Mode of Learning ODL Mode (Open and Distance Learning)
Fee Structure Average fee is ₹ 2,40,000 for the complete course. However, it differs as per institute.
Average Salary Offered ₹ 10.5 Lacs per annum. However, it varies in accordance with the job role, organisation, place, etc.
Employment Roles Business Analyst, Data Analyst, Data Architect, Database Administrator, Data Analytics Consultant, Marketing Analyst, Data Engineer, Statistician, Chief Data Officer, Analytics Manager, Operations Research Analyst
Examination Method Both online and offline, depending upon the university.

Top Distance MBA Colleges in India

Distance MBA in Business Analytics Management FAQs

The course duration of an MBA in Business Analytics in online mode is 2 years. However, some educational organisations allow students to complete the course in a maximum of 4 years.

The average salary of a fresh MBA Business Analyst graduate is INR 3,40,000 per annum. The annual salary of an MBA business analyst graduate can range from INR 1.8 lakhs to 32.5 lakhs.

An MBA in Business Analytics is not a very difficult degree. A part of the first year of the degree involves the study of fundamental courses that are relevant to all specialisations. With the practical application of the learnings, it feels comparatively easy compared to other post-graduation courses. 

As data analysis is very important for businesses to make future decisions for the growth of the business, there is a need for Business Analysts, which in turn is creating a flow of jobs in 2023.

Anyone can pursue an MBA in Business Analytics regardless of their background. Mathematics forms an important aspect in Business Analytics but one can learn it during the course through practice.

An MBA in business analytics is a new-age degree as it has a wide scope in terms of career opportunities. It equips a person with crucial leadership and communication skills along with technical aspects of business and upcoming technological skills which could land a person in top-notch job roles in distinguished organisations. 

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