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The two main questions that trouble candidates looking forward to make a career in business analytics are, firstly, what is the future of this niche in Indian context and secondly which college/ institutions offers the best opportunities to explore the world of business analytics and intelligence in India. Given the fact that even after post graduation, employment isn’t more than stagnant, it is obvious for students to turn to a more rewarding degree program. A program that gives a good return-on-investment in terms of a sure shot successful career is most sought after. Colleges today are trying to customize their courses in order to meet the employment opportunities in the corporate world. This is where business analytics comes in picture. Investigating and analyzing performance of business in past in order to draw conclusions which will help that particular business gain mileage and grow profits in future is business analytics.
In recent times, there has been a sudden rise in demand of business analytics. The prime reason behind this surge is the data driven and techno focused approaches that majority of organizations have willingly embraced. But, for how long is this scenario going to stay beneficial. Will it still be advantageous for a student graduating five or ten years from now? Future of a business or career is solely depended on market demand as well as its own versatility. Let’s understand the requirements in context of BA.
The major reason for growth of business analytics and intelligence is the fact that since the whole concept of analytics revolves around data, it is very challenging to successfully complete the course. Hence, there is a scarcity of expert analysts.
There was a 123.60% jump in demand for Information Technology Project Managers with big data expertise, and an 89.8% increase for Computer Systems Analysts. Does this ring a bell? It’s going higher by every single passing day, now is the time to grab every opportunity you have to become an analyst.
Higher salaries - An increase in demand of professionals in certain area is directly proportionate to the rise in compensation in that sector. So, if you’re the one looking to divert the flow of money towards you, this is the time to be in analytics.
Quoted something very interesting - job of a data scientist is the sexiest job of 21st century. Now, who wouldn’t want to be one?
“By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.”
So basically, analytics is an ever-growing branch of study. Huge database is available in virtual form which has created a need for more effective and accurate data based decision makers, which surely points a finger towards exponential growth in demand of business analysts.
If you’re a person who is passionate about numbers and data, analytics is the career for you. It is a challenging task which requires high degree of conscious efforts and smart work in order to put things in perspective. This data finally aids the process of decision making that encourages growth of companies and organizations. An ideal candidate is expected to be a statistics degree holder and/or a mathematics degree holder. Post graduation or a master’s degree is sure to add value to it.
What to Expect
An integrated master’s level program curriculum, consisting of business data analysis and business intelligence - is quite popular since there are no effective full time programs in place for business analytics.
Some of the institutes, which have either integrated business analytics in their regular course or are providing certificate courses, are:
The MISB Bocconi is a privately managed educational institution located in Mumbai offering two types of business analytics courses, namely:
Similar to other management schools, MISB also begins the admission process through various rounds in which the first round is an aptitude test. The main exams that are considered for the second round of selections are CAT, CMAT, NMAT and GMAT.
The SP Jain School of Global Management located in Mumbai offers a total of 14 courses in various streams such as banking, humanities, IT, etc. The following are some of the courses offered:
Being one of the famous and prestigious institutions of India, IIT Kharagpur offers a wide range of courses for Bachelor's, Master's and PhD. This institute provides a total of 146 courses out of which the ones in business analytics are:
NarseeMonjee School of Management situated in Bangalore is a rising institution that has been working hard for 7 years to provide the best education for students who try to pursue Master’s in Management studies in specializations like:
The Aegis School of Data Science is an educational institution located in Mumbai that offers programs in DATA Science, Business Analytics, Big DATA, Cyber Security and Telecommunications. The school provides a total of 10 courses out of which few are listed below:
The Indian Institute of Management Ahmedabad (IIMA) is the NO.1 institution in India for offering the best management studies. It provides a total of 5 courses specializing in different streams. Here are some of the courses provided by IIMA for business analytics
The IIM-K is an autonomous business school that is located in Calicut, Kerala was the 5th IIM to be established and was setup in the year 1996. The institute offers a total of 9 courses in streams like Business and Management Studies and IT and Software.
Here, the most demanded course is the Post Graduate Programme in Management, a full-time course for 2 years. It also offers the following Business Analytics courses:
The National Institute of Technology located in Trichy offers a wide range of course in various streams like Engineering, Science, IT and Software, Architecture and Planning and Business and Management Studies. It provides a total of 49 courses. Ones with Business Analytics are:
The Great Lakes Institute of Management in Chennai is an Indian private business school founded in the year 2004. It is among the top business schools in India that offers a total of 14 courses which include:
The NarseeMonjee Institute of Management which is located in Mumbai offers a total of 18 courses in streams like Banking, Finance and Insurance, Business & Management Studies, IT & Software and Law. Business analytics courses include:
According to the NIRF 2018 results, Shailesh J Mehta School of Management at IIT-B is ranked in the 5th place for best MBA School. It offers a total of 4 courses namely:
The Indian Institute of Management Calcutta (IIMC) located in Joka, Kolkata is the first founded IIM which is a public business school that is ranked as the 3rd best B school in India by the NIRF’18. It offers a total of 2 top courses that include Business Analytics courses of:
The International School of Engineering was founded in the year 2010 which is an applied engineering school and is currently located in 2 cities namely Hyderabad and Bangalore. Hyderabad is the headquarters of INSOFE. The Business Analytics courses it offers include.
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