Business Analytics Courses - Career as Business Analyst
Update on 26 Apr, 2024
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5 min read
Business Analytics Course: Business Analysts are integral for business organizations to make more accurate business decisions. They help businesses to take data-driven actions and help them to achieve their business objectives effectively and efficiently.
A career in Business analytics can offer you everything you desire from your dream job. But what is business analytics? How to become a business analyst? What does a business analyst do? Well, all your questions are answered in this article.
Read this article to understand how to build a career as a Business analyst?
What is Business Analytics?
Business methodologies are evolving rapidly across the globe. Now organizations have started analyzing their business growths by using advanced methods of Business and data analysis.
Business Analytics is something that contributes to forecasting the potential risks and preventing these risks by developing an effective strategy based on the conclusions of data-driven analysis.
Business Analytics is a subset of Business Intelligence that uses various methodologies like data mining, statistical analysis, and predictive analytics to look over the data and translate the data into information that can be useful for the business.
Business Analytics is also used to identify and anticipate trends & outcomes, these trends and outcomes are used to make improvised and data-driven decisions for business growth.
Business Analytics refers to filtering out the present or past data using advanced methods and technologies. This data is used to build practical models for business growth.
The Business Analytics process comprises Data Collection., Data Mining, Text Mining, Sequence Identification, Forecasting, Data Visualization, Predictive Analytics, and Optimization.
These words may sound very technical and difficult to understand for students but Business Analytics is indeed a promising career field for someone who wants to pursue a career in business tech.
How to Become Business Analyst?
One must have to obtain a Bachelor’s or Master's Business Analytics degree in order to become Business Analyst. This is the minimum required qualification for a business analyst career.
All the reputed companies set a bachelor's or master’s Business Analytics degree as a minimum eligibility requirement during the recruitment process.
If you still feel clueless about how to become a business analyst?
Here is the step-by-step guide to becoming a Business Analyst in India:
- Learn the fundamentals of Business Analytics
- Pursue a certification or degree in Business Analytics
- Find yourself projects to work on. This will help you to develop a practical insight into business and data analytics,
- Develop Visual Representations of Data and practice presenting them to your future clients
- Build up your portfolio to showcase your work as a Business analyst.
- Search for Business analyst jobs on online job portals like Indeed and LinkedIn and apply for the ones that suit your profile.
What is Business Analytics Course?
Business Analytics is emerging as one of the popular career options for the new generation of young individuals. But What is a Business Analytics course exactly? A business analytics course is an amalgamation of Business Intelligence, Computer Programming, and Data Analytics.
The purpose of Business Analytics is to analyze the data and identify the trends and patterns in order to develop effective business strategies.
Business Analytics course is a new-age course which is definitely going to be in high demand in the coming years.
Business Analysts are also highly valued professionals in the corporate sector in the upcoming years.
To become a Business Analyst, one must possess the following skills along with a Business Analytics degree:
- Data programming techniques
- Statistical and Mathematical techniques/tools
- Linear programming uses the various methods of operational research
Business Analyst Skills
- Good verbal communication
- Good Listening Skills
- Analytical & Critical Thinking
- Understanding the Business Objective
- Ability to negotiate and cost-benefit analysis
- Good Interpersonal Skills
- Decision-Making Skills
- Programming Skills
- Database & SQL
- Good command over Microsoft Excel
- Making Reports and creating dashboards
- Presentation skills & Documentation
Business Analytics Courses in India
To become a business analyzer, one requires to obtain knowledge as well as a degree in business analytics. You can pursue a business analytics course after completing 12th, graduation, or even after completing postgraduation.
The best thing about business analytics courses is anyone can enroll in them and become a business systems analyst.
The Business Analytics courses are offered as certification, undergraduate, and postgraduate degrees. BBA Business Analytics course is one of the most popular UG degree courses and MBA Business Analytics is another business analytics course offered at the postgraduate level.
1. Undergraduate Courses
If you have just completed your intermediate and now you want to pursue a business analytics course after the 12th, then here are the few options available for you:
- BBA in Business Analytics
- BBM in Business Analytics
- BBA (Hons.) in Business Analytics
- BBA in Business Intelligence & Data Analytics
The duration of a Bachelor in Business Analytics course is 3 years. However, some universities offer a 4-year bachelor's degree in Business Analytics as they provide 1-year industry training to prepare students for upcoming career opportunities.
2. Postgraduate Courses
Candidates who have completed their graduation in any discipline can kickstart their career in Business Analytics by pursuing any of the below-mentioned Courses:
- MBA in Business Analytics
- MSc in Business Analytics
- PGDM in Business Analytics
- Post-Graduate Programme in Business Analytics
- Post-Graduate Certificate in Business Analytics
- PG in Advanced Business Analytics
- Executive PGDM Business Analytics
3. Business Analyst Certification Courses
| Course Name | Offered By | Course Fees |
| Online Executive Certificate Program in Marketing Analytics | SP Jain Institute of Management & Research | - |
| Online Postgraduate Certification in Business Analytics | XLRI Jamshedpur | Rs 3,00,000 |
| Certificate in Business Analytics | IIM Kozhikode | Rs 1,03,000 |
| Executive Programme on Business Analytics (EPBA) | IIM Calcutta | Rs 4,00,000 |
| Business Analytics Specialization | Coursera | - |
| Apply Fundamental Data Analysis to Real Business Problems | Harvard Business School | Rs 1,34,277 |
| Business Analytics Certificate | MIT Management Sloan School | - |
| Certification in Business Data Analytics (IIBA®- CBDA) | IIBA | Rs 17,264 |
| Business Analytics Certification Programme | UpGrad | Rs 25,000 |
| Business Analytics Certification Course with Excel | Simplilearn | Rs 15,000 |
4. Online Business Analytics Course
There are various E-learning platforms that offer online business analytics courses. Some of the top online business analytics course providers are Coursera, EdX, Udemy, Simplilearn, Alison, and Udacity.
There are many foreign universities such as the University of Colorado, Harvard Business School, and Babson College that also provides business analytics course online.
The course fee of these online courses ranges from Rs 1,100 to Rs 1,50,000 depending on the course provider.
Below we have mentioned the names of Online Business Analytics courses:
| Course Name | Course Fees |
| Business Analytics Nanodegree program by Udacity | Rs 58,257 |
| Wharton’s Business Analytics Specialization by Coursera | Free enrollment |
| Data Science and Agile Systems for Product Management by EdX | Free/ Rs 15,249 |
| MicroBachelors® Program in Business Analytics Foundations by EdX | Rs 76,231 |
| Business and Data Analysis Skills by EdX | Rs 11,418 |
| Statistics for Data Science and Business Analysis by Udemy | Rs 3,499 |
| Excel to MySQL: Analytic Techniques for Business Specialization by Duke University by Coursera | Free enrollment option |
| Business Analyst Master's Program by Simplilearn | Rs 51,400 |
| Post Graduate Program in Business Analysis by Simplilearn | Rs 1,17,700 |
5. Free Business Analyst Courses for Beginners - Online Courses:
| Course Name | Platform |
| Excel - Data Analysis for Business | Udemy |
| Data Scientist Certification Guide For Career Transition | Udemy |
| The Essentials of Business & Risk Analysis | Alison |
| Introduction to Management: Analysis & Strategies | Alison |
| Data Science and Agile Systems for Product Management | EdX |
| Business Analysis, Business Intelligence Analyst Course 2024 | Udemy |
| Business Analysis Basics | Simplilearn |
| Data Analytics for Business | EdX |
| Sales Analytics Dashboard in POWER BI | Udemy |
| Introduction to Business Analytics | AnalyticsVidhya |
Eligibility Criteria for Business Analytics Course
To become a business analyst, one needs to pursue a business analytics degree, and to pursue the degree, the basic eligibility requirements must be met by the candidate.
So here are the details of the eligibility criteria required to become a business analyst:
➤ For UG Level Business Analytics Course:
Minimum 45% aggregate marks in 10+2 from any stream. The 10+2 passing certificate must be obtained from a recognized university.
➤ For PG Level Business Analytics Course:
Graduation with a minimum of 50% marks from a recognized university. Some courses may require work experience of 2 to 3 years.
For the PGDM course and MBA course, a candidate must have passed CAT/MAT/XAT/other management entrance exams.
➤ For Doctoral level Business Analytics Course:
For the doctoral level courses, the candidate must have a Master’s degree in Business Analytics or in a related quantitative subject such as Economics, Statistics, or Mathematics.
The master’s degree must be obtained from a recognized university.
Top Entrance exams for Business Analytics Course
Many reputed business analytics colleges and universities ask the candidates to qualify for an entrance exam to get admission to the business analytics course (such as MBA or BBA).
Below we have stated the names of the top business analytics entrance exams conducted at the national and institutional levels to offer admissions to the Masters of Business Analytics course.
| Entrance Exams for Business Analytics | |
| CAT (Common Admission Test) | GMAT (Graduate Management Admission Test) |
| XAT (Xavier Admission Test) | SNAP (Symbiosis National Aptitude Test) |
| CMAT (Common Management Admission Test) | NMAT by GMAC (Narsee Monjee Institute of Management Studies) |
| MAT (Management Aptitude Test) | IBSAT (ICFAI Business School Aptitude Test) |
Business Analytics Course Syllabus
The syllabus of the Business Analytics course varies according to the type of course. However, the basic subjects remain the same in all the Business analytic courses.
Artificial Intelligence & Machine Learning, Economics, Design Thinking, Data Visualization, Operation & Supply Chain Management, and Big Data Technologies are some of the subjects that are common in all the Business Analytics degree courses.
BBA Business Analytics Syllabus
| 1st Semester | 2nd Semester |
| Essentials of Management | Business Statics for Decision Making |
| Business Communication | Principles of Marketing |
| Micro Economics | Macro Economics |
| Organizational Behaviour | Operations Research |
| Essentials of Financial Accounting | Cost & Management Accounting |
| Essentials of IT | Introduction to Analytics |
| 3rd Semester | 4th Semester |
| Consumer Behaviour | Sales Management |
| Business & Allied Laws | Introduction to Python |
| Financial Management | Research Methodology |
| Human Resource Management | Product & Total Quality Management |
| Data Visualization with Tableau | Machine Learning-I |
| Digital Marketing | Multivariate Techniques |
| 5th Semester | 6th Semester |
| Analytics in Business Domains | Project Management |
| Data Management | Strategic Management |
| Machine Learning-I | Business Ethics & Corporate Governance |
| Introduction to Big Data Technologies | Operations & Supply Chain Management |
| Customer Relationship Management | Time Series Forecasting |
| Entrepreneurship Management | Project |
MBA Business Analytics Syllabus
| 1st Semester | 2nd Semester |
| Management Concepts & Organizational Behavior | Business Environment & Legal Aspect Of Business |
| Managerial Economics | Data Mining Techniques – Predictive Modeling & Pattern Discovery |
| Financial Accounting For Managers | Business Research Methods |
| Business Statistics and Analytics | Financial Management & Corporate Finance |
| Marketing Management | Operations Management |
| Introduction To Business Analytics & Data Science | Quantitative Techniques For Managers |
| Design Thinking | Data Visualization & Descriptive Analytics Using R |
| 3rd Semester | 4th Semester |
| Strategic Management | Emerging Technologies in Global Business Environment |
| Artificial Intelligence & Machine Learning | HR Analytics |
| Human Value And Professional Ethics | Social Media & Web Analytics |
| Supply Chain Analytics | Healthcare Analytics |
| Marketing Analytics | Business Applications of Blockchain Technologies |
| Summer Training Project Report & Viva Voce | Database management system |
Best Colleges for Business Analytics in India
According to an estimated figure, there are more than 310 colleges in India that offer bachelor's and master's degrees in Business Analytics.
Out of these 310 colleges, 19 are government-owned colleges, 256 colleges are private and 2 are public-private colleges.
So, you see there are a plethora of college options for your Business Analytics course in India, but choosing a reputed college for your course is very important to secure a job at a good company.
Most of the renowned Business Analytics colleges in India offer admissions based on the entrance tests such as CAT, MAT, CMAT, XAT, SNAP, and many others.
If you aspire to get admission to a prestigious institution, then we suggest that you should appear in a national or institute-level entrance exam.
Below we have tabulated the names of the best colleges for Business analytics in India along with the names of the business analytics programs offered by them.
All of the below-mentioned colleges are the top-ranking colleges for business analytics:
| Business Analytics College | Course Offered |
| Indian Institute of Management (IIM), Bangalore | Post Graduate Programme in Business Analytics |
| XLRI -Xavier School of Management, Jamshedpur | Post Graduate Certificate in Business Analytics |
| Bharati Vidyapeeth Deemed University (BVDU), Pune | MBA Business Analytics |
| MBA in Business Analytics & IT Consulting | |
| BBA in Business Analytics | |
| National Institute of Technology (NIT), Tiruchirappalli | MBA Business Analytics |
| MBA in Business Analytics & IT Consulting | |
| Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | Master of Business Administration [MBA] (Decision Science & Analytics) + Master of Science [MS] (Business Analytics & Information Management) |
| MBA Business Analytics | |
| Christ University Bangalore | BBA in Business Analytics |
| MBA in Business Analytics | |
| Symbiosis Centre for Management & Human Resource Development (SCMHRD), Pune | MBA Business Analytics |
| SRM University, Sonepat | BBA in Business Analytics |
| Indian Institute of Management (IIM), Ranchi | Executive Program in Business Analytics & Business Intelligence [EPBABI] |
| MBA Business Analytics | |
| P.h.D Information System & Business Analytics | |
| KIIT School of Management, Bhubaneshwar | MBA Business Analytics |
| Loyola Institute of Business Administration (LIBA), Chennai | PGDM Business Analytics |
| Executive Diploma Programme in Business Analytics | |
| Galgotias University, Greater Noida | BBA in Business Analytics |
| MBA Business Analytics | |
| JECRC University, Jaipur | BBA (Hons.) in Business Analytics |
| MBA in Business Analytics | |
| Amity University, Noida | BBA in Business Intelligence & Data Analytics |
| MBA Business Analytics | |
| MBA Business Intelligence | |
| Lovely Professional University, Jalandhar | MBA Business Analytics |
| University of Petroleum & Energy Studies (UPES), Dehradun | MBA Business Analytics |
| Birla Institute of Technology (BIT Mesra), Ranchi | MBA Business Analytics |
| Chandigarh University, Chandigarh | BBA in Business Analytics |
| MBA in Business Analytics |
Business Analytics Course Fees
The Business Analytics course fee depends on the factors such as degree level, college, and location. In India, the average Business analytics course fee is Rs 1.8 Lacs to Rs 4.80 Lacs.
Many colleges in India offer UG and PG degrees in Business Analytics and also offer merit-based scholarships to the students.
If you wish to know the course fee for the Business Analytics course offered by Top institutions in India, please refer to the tables mentioned below:
Best Colleges For BBA Business Analytics in India
There are a few colleges in India that offer a Bachelor's in Business Analytics. Usually, people pursue a master’s degree in business analytics after completing their graduation in business administration or any other discipline.
But if you truly aspire to become a Business analyst, starting early is better. So, for someone who wants to get business analytics knowledge right after completing school, here are some of the best colleges for BBA Business Analytics in India.
| Top BBA Business Analytics Colleges in India | BBA Business Analytics Course Fee |
| University of Petroleum & Energy Studies (UPES), Dehradun | Rs 8.41 Lacs |
| Presidency University, Bangalore | Rs 4.50 Lacs |
| Jindal Global Business School, Sonepat | Rs 13.50 Lacs |
| Mount Carmel College, Bangalore | Rs 2.40 Lacs |
| BML Munjal University, Gurgaon | Rs 8.56 Lacs |
| St Joseph's Degree and PG College, Hyderabad | - |
| The NorthCap University, Gurgaon | Rs 5.25 Lacs |
| Nehru Arts & Science College, Coimbatore | Rs 1.20 Lacs |
| Amity International Business School, Noida | Non sponsored- Rs 10.83 Lacs Sponsored- Rs 16.26 Lacs |
| SRM University, Delhi-NCR, Sonepat | Rs 4.50 Lacs |
Best Colleges for MBA Business Analytics in India
| Best Colleges for MBA Business Analytics in India | MBA Business Analytics Course Fee |
| Indian Institute of Management (IIM), Bangalore | Rs 23.20 Lacs |
| Xavier School of Management (XLRI), Jamshedpur | Rs 3 Lacs (Post Graduate Certificate in Business Analytics) |
| Narsee Monjee Institute of Management Studies (NMIMS), Mumbai | Rs 17.04 Lacs |
| Symbiosis Centre for Management & Human Resource Development, Pune | Rs 17.19 Lacs |
| IIM Ranchi | Rs 17.50 Lacs |
| KIIT School of Management, Bhubaneshwar | Rs 14.50 Lacs |
| Department of Management Studies, Malviya National Institute of Technology, Jaipur | Rs 2.06 Lacs |
| Amity University, Noida | Rs 8.64 Lacs |
| Birla Institute of Technology (BIT), Mesra, Ranchi | Rs 5.54 Lacs |
Top Foreign Universities for Business Analytics Course
There are many foreign universities that offer Master's degrees in Business analytics. There are many students who have a dream to pursue their higher studies from overseas, and what could be the best course to pursue from abroad than a business-tech course such as Business analytics or Business Intelligence?
But when it comes to choosing a college overseas, every student and their parents seem to be clueless about their best options.
So in order to make this decision easier for you, we are mentioning the top foreign universities for Business Analytics courses based on QS World University Rankings 2023:
1. University of Edinburgh Business School, U.K – MSc in Business Analytics
2. Warwick Business School, U.K - MSc Business Analytics
3. Alliance Manchester Business School, U.K - MSc Business Analytics
4. ESADE, Spain - MSc in Business Analytics
5. USC (Marshall), USA- MSc in Business Analytics
6. Minnesota (Carlson), USA- Master of Science in Business Analytics
7. SMU-School of Information Systems, Singapore - Master of IT in Business
8. Purdue (Krannert), USA- MS Business Analytics & Information Management
9. NUS Business Analytics Centre, Singapore- Master of Science in Business Analytics
10. Michigan State (Eli Broad), USA - MS in Business Analytics
Career Scope in Business Analytics
The business Analyst Career path is an extraordinary career path that has consistently been underestimated by students and their parents in India.
The reason might be the unawareness about this newly emerged career path in the technology field.
The advancement in business methodologies and rising competition among businesses have created a huge career scope in Business Analytics for the youth population of India.
The career path of business analysts is full of challenges and opportunities to upgrade their knowledge. Yet the business analyst career guarantees growth, good paychecks, recognition, and satisfaction to an individual.
As discussed earlier, Business Analytics is a new-age education field closely associated with Information Technology.
However, this course is not that much explored by the students yet as it is newly introduced.
The candidates who wish to build a dynamic career in the IT sector can think of this course as their gateway to enter the world of Business-tech.
Basically, Business Analytics is an integration of information technology and business.
This course is best suited for candidates who possess analytical skills, critical thinking, programming skills, and good mathematics. Without these skills, one cannot become a successful Business Analyst.
Job Profiles after Business Analytics Course:
Here are the top business analyst jobs you can apply for after completing a Bachelor’s or Master’s Business Analytics degree:
- Data Analyst
- Data Scientist
- Big Data Analyst
- Business Analyst
- Qualitative Analyst
- Predictive Modeller
- Technical Team Lead
- Market Research Analyst
- Data Mining Expert
- Data Warehousing Expert
- Business Intelligence Expert
- Data Analyst SAS Programmer
- Business Analyst (Project Manager)
- Data Warehousing and BA Architecture
- IT Business Analyst
- Business System Analyst
- System Analyst
- Data Analyst
- Functional Architect
- Usability or UX Analyst
- Marketing Manager
- Financial Analyst
- Personal Financial Advisor
- Operations Analyst
- Supply Chain Analyst
- Business Analytics Specialist
- Management Consultant
Business Analyst Salary
According to Glassdoor, the average Business Analyst Salary in India is Rs 8 L.P.A. According to Ambitionbox, the salary of Business analysts with an experience of less than 1 year to 9 years ranges from Rs 3 L.P.A to Rs 15.20 L.P.A with an average recorded salary of Rs 7 L.P.A based on the salaries of 49,200 business analysts.
From these figures, we can conclude the salary of business analysts in India is quite lucrative and one can get very satisfying remuneration after becoming a business analyst.
Below we have mentioned the average salary of business analysts according to their job role, please have a look at the table mentioned below:
| Job Profile | Average Salary in India |
| Market research analyst | Rs 4.50 Lacs |
| Data Architect | Rs 23 L.P.A |
| Data scientist | Rs 11 L.P.A |
| Data analyst | Rs 6 L.P.A |
| Market Research Analyst | Rs 4.50 L.P.A |
| Process analyst | Rs 6.66 L.P.A |
| Statistician | Rs 4.51 L.P.A |
| Management analyst | Rs 9.71 L.P.A |
| Information Security Analyst | Rs 5.95 L.P.A |
| Consultant | Rs 2 L.P.A |
| Operations Analyst | Rs 10.11 L.P.A |
| Supply Chain Analyst | Rs 6.59 L.P.A |
| Data Analyst SAS Programmer | Rs 4.9 L.P.A |
Top Recruiters for Business Analysts in India
| Top Recruiting Companies for Business Analysts | |
| Mu Sigma | Gramener |
| Accenture Analytics | Convergytics |
| Fractal Analytics | Cartesian Consulting |
| Crayon Data | Tiger Analytics |
| LatentView | Bridgei2i |
| AbsoluteData | Hansa Cequity |
| Global Analytics | Exl Analytics |
| Manthan | Brillio |
What does a Business Analyst do?
Well, a Business Analyst performs multiple tasks and all of them have a common goal which is to help businesses to take more progressive decisions.
Large-scale companies are entirely dependent on Business Analysts to make important business calls (decisions).
It is Business analysts who analyze trends, risks in the market, and the performance of the company to find solutions to an existing or potential challenge.
Below we have elaborated the roles and responsibilities of a Business analyst further, please have a look to understand what a business analyst does:
- Understand the business objectives and most importantly understand the processes and operations through which the company accomplishes its objectives.
- Evaluate the operations to identify the efficiency, cost-effectiveness, and results.
- Assort the recommendations for the company on the process improvements, potentially effective technologies, cost-cutting, and other improvement areas.
- Conduct the research and manage the design & implementation process of any technology or operation that needs a critical understanding of technology.
- Manage the projects and make project development strategy, monitoring the performance and timely submissions of the project reports.
- Discuss the recommendations, changes, and operations with the business teams to provide them with an overview of the next step which needs to be taken.
- To effectively communicate and coordinate with the higher management and department managers to explain to them the potential improvements that need to be made to achieve the long-term as well as short-term goals of the organization.
Why Study Business Analytics?
A Business Analytics degree can help you to build a successful career. If you are still uncertain about choosing Business analytics as a career, here are some of the best reasons to pursue a Business analytics degree:
➥ High Demand: Business Analytics is a rapidly emerging career path and currently there is low competition in this field. In the year 2019, the career scope in business analytics was quite good and now in 2024, the prospects for business analysts will continue to be bright as more and more companies are expanding their investments in Business analysts, big data, and Artificial Intelligence.
According to the Bureau of Labor Statistics (facts-finding agency), the need for business analysts will grow to 14% from 2016 to 2026 as organizations want to stay competitive, improve their efficiency, and control costs.
➥ Fast-Paced Career: The job of a business analyst is quite interesting. It is much more than just a desk job. Business Analysts have to take meetings with clients, analyze the client/company requirements, hold brainstorming sessions with team members and clients to build effective business strategies, lead the team members, present presentations to justify the outcomes, and discuss the strategies and perform change control.
All these are the daily tasks required to be performed by business analysts. Given the day-to-day routine of a Business Analysts job, it is quite understandable that they have to perform and manage various roles in an organization while being highly flexible and approachable as per client's/organization needs.
➥ Immense Scope for Growth: After Completing a business analytics course and gaining an experience of 3 to 5 years in the field, you will be capable to become specialized in a specific domain and technology and can get a position as an IT Business Analyst.
An experienced business analyst can also become a project manager if they wish to get a managerial position.
➥ Highly Valued by the organization: A business Analyst's contribution to a project and a company's growth can never be doubted. Owing to it to their contribution, they are highly valued and respected in an organization.
Business Analysts cover all sides of a project including technical, operational, financial, and managerial sides. Therefore, the organization views them as a powerful resource.
They are sometimes even called up by the higher management to present a presentation to the CEO, CFO, and board members.
➥ Able to work for various domains: The job of a Business Analyst is rarely domain-centric therefore their skill sets can be used in projects of different domains. They can easily switch from one project to another without worrying about the type or domain of the project.
They can work on various types of projects such as IT, Banking, Financial, Government, or any other. Thus they can get the enriched experience of working in multiple domains, this in turn increases their knowledge and adds versatile and diverse experience to their resume/CV.
➥ Handsome Salary Package: Business Analysts are paid quite well. The remunerations are based on their skills and level of experience. The entry-level salary of a business analyst ranges from Rs 3.5 Lacs per annum to Rs 5 Lacs per annum.
The average annual salary of a business analyst with less than 1 year of experience is Rs 3.59 Lacs whereas a Business Analyst with 1 year to 4 years of experience can make an annual income of atleast Rs 5.27 Lacs.
Why Business Analytics is Important?
- Business Analytics is a promising resource that helps organizations to make more informed decisions and prepare an effective business strategy. For eg- Uber upgraded its customer obsession ticket assistant (COTA), a tool that uses machine learning to help the customer support executive improve the speed and accuracy of the responses sent to the customer. It used prescriptive analytics to audit if the method of new reiteration would be more effective than its previous version.
- Business Analytics helps organizations to generate higher revenue. A robust Business Analytics strategy results in good financial payoffs. According to research, it was found that organizations that use business analytics and big data produce 6% higher profits than organization that doesn't.
- Business Analytics Improves the efficiency of business operations. Like Uber, many organizations use business analytics (predictive analysis) to ensure the quality of operations and for resolving operational issues before they become bigger problems.
Frequently Asked Questions (FAQs)
1. What are some of the best business analytics certification courses in India?
Online Postgraduate Certification in Business Analytics by XLRI Jamshedpur, Executive Programme on Business Analytics (EPBA) by IIM Calcutta, and Apply Fundamental Data Analysis to Real Business Problems by Harvard Business School are some of the best business analytics certification courses in India.
2. What are the career prospects for an MBA graduate in business analytics?
Some of the best career prospects for an MBA Business graduate analyst are:
- Data Analyst
- Data Scientist
- Big Data Analyst
- Business Analyst
- Qualitative Analyst
- Predictive Modeller
- Technical Team Lead
- Market Research Analyst
- Data Mining Expert
- Data Warehousing Expert
- Business Intelligence Expert
- Data Analyst SAS Programmer
- Business Analyst (Project Manager)
- Data Warehousing and BA Architecture
- IT Business Analyst
3. What are some good business analytics colleges?
These are some of the best business analytics colleges in India:
- Indian Institute of Management (IIM), Bangalore
- XLRI -Xavier School of Management, Jamshedpur
- National Institute of Technology (NIT), Tiruchirappalli
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Christ University Bangalore
And here are the names of some top business analytics colleges abroad:
- University of Edinburgh Business School, U.K
- Warwick Business School, UK
- Alliance Manchester Business School, U.K
- ESADE, Spain
- USC (Marshall), USA
- Minnesota (Carlson), USA
4. Is a degree in Business Analytics worth it?
Yes, a degree in Business Analytics is definitely worth it. Business Analytics is the future of businesses, every organization wants to make data-driven decisions and business analytics help them to do so.
Due to the high market competition, every business is moving forward with Business Analytics and hence the demand for business analysts is rising in the corporate sector.
In the upcoming years, this demand is expected to increase further and by the time you will graduate, you will be able to find lucrative career opportunities in Business Analytics.
5. What is the future of business analytics?
Well, the future of business analytics is quite bright. With the emerging business trends and advanced data analytics methods, the market of business analytics is expected to touch the mark of USD 103.65 billion by 2026 and work at a CAGR of approx 7.3% in the forecast period (2021-26).
6. Is Business Analytics hard?
If we look at other technical courses, Business Analytics is much easier as compared to other IT technology courses. But if we compare it to other business and management courses, it is a little tougher and more complex.
7. Do business analysts require coding?
Coding is not a major part of a Business Analysts' job. coding and programming are the least part of a business analyst's day-to-day job.
But if they learn coding and programming, then it will surely add a skill to their CV, and will likely be offered good career prospects.
8. Does Business Analytics have scope in India?
Yes, Business Analytics has an immense scope in India. There is a high demand for business analysts in India but comparatively the no. of business analysts is gradually low.
A recent study reveals that the job market will witness a CAGR of 14.3% in Business Analytics. High demand will obviously lead to an increase in the salary offered to business analysts in India and around the world.
Even now, Business analysts are paid quite well.
9. Is business analytics a good career?
Yes, Business Analytics is one of the best career options for you if you are interested in business management as well as tech discipline.
Business Analytics is a career path that offers you a lucrative salary, growth opportunities, and professional recognition.
Business Analysts are highly valued in companies and therefore this is one of the best career options in today’s modern era of emerging technologies.
10. What does Business Analytics do?
Business analysts work on data, statistics, and data analysis. They report them to help in investigating and analyzing business performance or operations performance and provide insights and recommendations to improve efficiency.
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