byDinesh
Updated on - 21 Aug, 2024
MBA in Data Analytics is a two years full time post graduate management program that is designed to prepare students into business analytics and data driven decision making. The technical aspect of data analytics is covered through the offering of courses in statistics, data mining, data visualization, machine learning and database management. The basic courses in finance, marketing, operations, and strategy are also taught from a data standpoint. By engaging with real-life projects and using live cases, students are equipped with practical knowledge on how data analytics can be used to improve business environments, processes, and customer insights and even for making strategic decisions.
English proficiency tests such as TOEFL, IELTS, PTE are also required depending on the university requirements, and entrance exams like GMAT/GRE or standardized MBA entrance exams like CAT. Minimum passing scores for the test, a bachelor’s degree, work experience, essays, interviews are standard components of the application procedure. Some colleges also cover students admitting them based on their academic achievements in the undergraduate level if the course taken is a quantitative course such as Engineering, Economics, Statistics, etc. The knowledge of using analytics tools and programming languages can also supplement one’s application.
| Course Component | Details |
|---|---|
| Full Form | Master of Business Administration in Data Analytics |
| Duration | 2 years |
| Course Level | Postgraduate |
| Eligibility | Bachelor's degree in any discipline, minimum 50% marks (varies by college) |
| Top Colleges | Indian School of Business (ISB), Indian Institute of Management (IIM) Bangalore, Xavier Labour Relations Institute (XLRI), SP Jain Institute of Management and Research, University of Chicago Booth School of Business |
| Entrance Exam | CAT, GMAT, GRE, XAT, college-specific entrance exams |
1. Minimum 50% marks in any discipline at the bachelors’ level from a recognized University.
2. Candidate should have 2-3 years experience in data analytics/ allied field but it is not mandatory and freshers can also apply.
3. Innovation and creativity, numerical and computer literacy, and ability to work in a team.
4. Knowledge in statistics, mathematics, SQL, Excel, and Tableau is useful.
5. Good interpersonal skills to be able to communicate and present findings in a manner that can be easily understood by other stakeholders.
6. Sophisticated interest and abilities in analyzing large datasets for patterns and trends.
| Subject | Important Topics |
|---|---|
| Data Analytics Foundations | Data Types, Data Structures, Data Cleaning, Data Preprocessing |
| Statistical Methods | Descriptive Statistics, Inferential Statistics, Hypothesis Testing, Regression Analysis |
| Programming for Data Analytics | Python Programming, R Programming, SQL, Data Visualization |
| Machine Learning | Supervised Learning, Unsupervised Learning, Deep Learning, Neural Networks |
| Data Mining | Data Mining Techniques, Data Warehousing, Data Mart |
| Big Data Analytics | Hadoop, Spark, NoSQL Databases, Cloud Computing |
| Business Intelligence | Data Visualization, Dashboards, Reporting, Business Analytics |
| Data Governance | Data Quality, Data Security, Data Privacy |
| Specialization | Job Roles | Average Salary |
|---|---|---|
| Data Analytics | Data Analyst, Data Scientist, Business Analyst, Data Engineer | ₹6-10 lakhs per annum |
| Machine Learning | Machine Learning Engineer, Machine Learning Scientist, AI Engineer | ₹8-12 lakhs per annum |
| Data Mining | Data Miner, Data Warehouse Developer, Data Marketeer | ₹6-8 lakhs per annum |
| Big Data Analytics | Big Data Engineer, Big Data Architect, Hadoop Developer, Spark Developer | ₹8-12 lakhs per annum |
| Business Intelligence | Business Intelligence Analyst, Data Analyst, Business Intelligence Developer | ₹6-8 lakhs per annum |
| Data Governance | Data Governance Manager, Data Quality Analyst, Data Security Analyst | ₹6-8 lakhs per annum |
| Data Ethics | Data Ethics Specialist, Data Privacy Officer, Compliance Officer | ₹6-8 lakhs per |
| College | Average CTC (LPA) |
|---|---|
| Indian Institute of Management (IIM) Ahmedabad | 25-30 LPA |
| Indian Institute of Management (IIM) Calcutta | 23-28 LPA |
| Indian Institute of Management (IIM) Bangalore | 22-27 LPA |
| XLRI Jamshedpur | 20-25 LPA |
| Faculty of Management Studies (FMS), Delhi University | 20-25 LPA |
| Indian Institute of Technology (IIT) Bombay | 18-22 LPA |
| Indian Institute of Technology (IIT) Delhi | 18-22 LPA |
| Indian Institute of Technology (IIT) Madras | 18-22 LPA |
| Xavier School of Management (XLRI) | 18-22 LPA |
| Narsee Monjee Institute of Management Studies (NMIMS) | 16-20 LPA |