An MBA in Business Analytics allows you to explore several career options. Business analytics has become a significant part of an organisation’s daily functions, and thus, job opportunities in this domain are on the rise. There is an increase in demand for MBA graduates with analytical skills, and therefore, analytics has become a relatively new and popular specialisation in the management domain.
The various job roles that you can work into after getting an MBA in Business Analytics are as follows:
- Data Analyst
- Supply Chain Analyst
- Big Data Analyst
- Business Analyst
- Market Research Analyst
- Predictive Modeller
- Technical Team Lead
The amount of data available to us is increasing rapidly, and making sense of this data to draw meaningful insights and interpretation has become increasingly important. This is where Business Analytics comes into the picture. The study of big data by leveraging analytics, statistics, predictive analytics and other optimisation tools and techniques to communicate insights to the relevant stakeholders is known as business analytics.
Business analysts can help a company make important decisions such as cost optimisation, customer satisfaction, and increasing profits. Let us understand the various career options after taking up an MBA in Business Analytics Course.
Scope of MBA in Business Analytics
The scope of analytics is rising, and thus taking up a management course along with learning analytical skills can help you advance in your career. Through an MBA in Business Analytics, you will gain the following skills:
- SQL databases
- Python and R
- Survey/query software
- Business intelligence and reporting software
- Data visualisation
- Database design
- Problem-solving skills
- Effective Communication
- Creative Thinking
- Industry Knowledge
To be eligible for this course, you must have a graduate degree in any field and also pass the national eligibility examination for an MBA course. There are three main domains that you can get into after completing your course. They are descriptive analysis, prescriptive analysis, and predictive analysis. Companies offer you a role based on your skillset, domain knowledge, and work experience. From MNCs to E-commerce companies, every industry is looking to hire an MBA with analytical skills as this is the future.
Job Opportunities after MBA in Business Analytics
1. Data Analyst
A data analyst is someone who works on collecting and evaluating data based on sales numbers, market research, logistics, and other such details. They bring in their technical expertise to ensure accuracy of data and work towards processing it and presenting it accurately. Doing so allows the organisation to make intelligent business decisions. The day-to-day job of a data analyst varies across organisations depending on the industry, or the speciality considered. Data analysts are often required to communicate with data scientists, IT teams, and the management to determine organisational goals.
Also Read: Salary trends of Data Analysts in 2020
2. Supply Chain Analyst
One of the key responsibilities of a supply chain analyst is to improve the performance of an operation. They do this by figuring out the requirements for a certain project and coordinating it with the other employees. A supply chain analyst communicate the details to engineers and quality assurance professionals because they are required to test their new supply chain methods. He/She also recommend methods that will help in improving the performance and reduce costs and oversee inventory. The average salary for a Supply Chain Analyst in India is ₹469,747.
3. Big Data Analyst
The role of a Big Data Analyst is to study the market through identification, collection, analysis and communication of data that helps in guiding future business decisions. A Big Data Analyst works with unknown data, patterns, hidden trends, and more. Problem-solving skills, the ability to think critically in tough situations, and creative reasoning are some of the essential skills required to become a successful Big Data Analyst. While speaking of technical skills, they must have programming skills, quantitative and data interpretation skills, and data mining and auditing skills. MapReduce, Hadoop, Hive, and Apache Spark are some of the common tools used by Big Data Analysts.
4 Business Analyst
Business analysts work towards understanding the changing business needs, evaluating the impact of these changes, identifying and analysing requirements, and documenting and facilitating communication among all the stakeholders involved. The national average salary for a Business Analyst in India is ₹6,66,084. Nearly 90% of all organisations are estimated to have set up Analytics in their functioning over the past five years. And that almost every domain has seen a rise of opportunities in this sector. In the IT and enterprises sector, Business Analytics has grown to be a core practice.
Also Read: Business Analyst Jobs – 2020
5. Predictive Modeller
You may not have heard of the predictive modeller, but it is a job role that comes under predictive analytics. Predictive models are programs that make a prediction based on the data that is fed to them. A predictive modeller works on creating these models. They must have adequate knowledge about statistics, analysis, and technology too. Since it is a slightly newer and upcoming profession, the average salary for this role is not available yet.
6. Technical Team Lead
A professional who is in charge of leading a technical team in any organisation is known as a technical team lead. Their main job is to ensure that the technical development is being addressed properly, the products are of high quality, and that they are delivered at the right time. They would require technical skills, but also high leadership qualities and managerial skills too. The average salary ranges between ₹4-8 lakhs per annum.
This brings us to the end of the blog about career options after MBA in Business Analytics. The field is gaining traction, and more companies are looking to hire MBA graduates who have analytical skills as well. The specialisation shows a promising outlook. Upskill with Great Learning’s PGP Management course today and unlock your dream career.1