These days, with major technological breakthroughs, including the Internet of Things (IoT), a huge amount of data is generated. This information gathered through various sources creates a rich pool that can lead to profitable business decisions if analysed accurately. Traditional methods can take long person-hours for analysis. Therefore, Business Analytics is crucial to derive meaningful inferences.

Key highlights

• MBA in Business Analytics: What, Who, and Why
• MBA in Business Analytics top universities
• What does the Business Analyst MBA program include?
• Executive MBA in Business Analytics
• Basic requirements to keep in mind before pursuing MBA in Business Analytics
• Career path

MBA in Business Analytics: What, Who, and Why

• What: Imagine this - You are working with an MNC and are responsible for identifying the set of customers from the list of existing customers who will be interested in buying newly launched products of your organisation. It can be a struggle to find the right target audience. This is where your MBA in Business Analytics will help. This degree imparts knowledge and skills to analyse Big Data to generate actionable information to make wise business decisions.  
• Who: Students with good analytical and critical thinking skills should pursue this degree. Effective communication skills are crucial to describe the analysis to the stakeholders of the business.
• Why: Did you know that the Business Analytics domain will flourish in the near future? According to recent research, the business analytics market is set to grow at a CAGR of 13.5% between 2021 and 2030. If you are wondering if it is worth doing an MBA in Business Analytics, you will benefit in the long run.

MBA in Business Analytics top universities

• University of East London – the UK
• University of South Australia – Australia
• Pace University – the US
• Saint Peter’s University – the US
• IIM Bangalore – India
• Bournemouth University – the UK
• Cape Breton University – Canada
• CY Tech – France
• Dublin City University – Ireland
• EADA Business School – Spain
• EU Business School Munich – Germany
• Florida International University – the US

What does the Business Analyst MBA program include?
Since it is a multidisciplinary course, it will cover an extensive range of subjects such as Accounting, Finance, Marketing, Economics, International Business, Quantitative Methods, Statistical Analysis and Data Modeling. Students from commerce and science backgrounds with strong analytical and mathematical knowledge will find the master’s level program easy to grasp. Depending on the country, university and course, the duration of a master’s degree will be around 1-4 years.

Executive MBA in Business Analytics
Many working professionals and C-suite executives have realised the potential of Business Analytics and its effect on the business and their careers. Therefore, many leaders pursue Executive MBAs in this domain to gain a competitive edge. If you want to continue your current job and acquire soft and hard skills in Business Analytics, an executive MBA is for you. Some interesting subjects of EMBA in Business Analytics are Financial Analytics, Machine Learning, Data Visualisation and Descriptive Analytics, Mathematics for Business Analytics, and Predictive Modelling.
Basic requirements to keep in mind before pursuing MBA in Business Analytics

• An MBA degree will require you to first complete your bachelor’s degree. So, ensure your academic results are ready before applying.
• Every university will have criteria of a minimum score. You need to meet the cut-off marks of your chosen varsity.  
• For international students: You need to clear entrance exams such as Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE). GMAT is exclusively for management courses, and GRE is for all graduate programs, including MBA. In addition to these competitive exams, you also have to appear for English proficiency tests such as the International English Language Testing System (IELTS), Test of English as a Foreign Language (TOEFL)  or Pearson Test of English (PTE).
• To study in India: You can take Management Aptitude Test, Xavier Aptitude Test (XAT), Common Admission Test (CAT), GMAT or GRE test.
• Work experience will always work in your favour.

Career avenues
Some mainstream industries that hire Business analysts are BFSI, IT and Telecom, to name a few. Since Business Analytics is an in-demand skill, many leading sectors and businesses require effective Busines Analysts.
Some interesting career avenues:

• Business Analyst
• Big Data Analyst
• Data Scientist
• Statistician
• Project Manager
• Market Research Analyst
• Financial Analyst
• Supply Chain Analyst
• Management Consultant

So, now you can begin your academic journey planning to become a successful Business Analyst. If financial worries are keeping you from achieving this goal, you can opt for a loan for education. At Avanse Financial Services, we offer loans for students to cover the holistic cost of education. If you have any queries, please remember we are just a call away!