What is Business Analystics
Business Analytics
Business Analytics as a process can be understood as combining data analytics and business intelligence on a given set of data make future business strategies and plans. It is taught as a specialization in Master of Business Management (MBA).
This branch of management involves exploration and analysis of present data to gain insight for planning and execution of future business strategy and goals. Business Analytics helps in optimizing operations, increasing revenue by saving on operational cost, improve better customer relation, and predict future trends in the market thereby enabling accurate strategic decisions and business plans. for more info business analyst training
MBA in Business Analytics offers training and knowledge to develop skills for making business plans and strategies of the future based on accurate analysis of the available data. The average salary of Business Analyst is Rs 8 lakh and upwards.
Business Analytics Eligibility and Entrance Exams
Any Business Analytics aspirant must fulfill the following eligibility criteria to pursue the programme:
- Business Analytics course is offered at MBA level hence, the minimum eligibility criteria is Graduation or equivalent
- Any graduate can pursue Business Analytics. However Science or Commerce background will be of enormous help as such candidates will have studied maths and statistics at higher level
- Most of the management institutes fix the minimum aggregate at 50% as per the AICTE guideline
Business Analytics Entrance Exam:
To pursue Business Analytics, the candidate will be required to appear in common MBA entrance exams like:
CAT
XAT
CMAT
MAT
Business Analytics Course
Apart from a full-time/part-time/executive MBA programmes, several online and offline certification courses in Business Analytics are also available for working professionals who wish to enhance their skills and widen their career prospect, to stay in tune with the current business environment. business analyst certification course will make you learn more.
Any candidate having strong analytical skills and interest in data crunching can pursue Business Analytics at MBA/PGDM level. Most of the programmes offered in India are 2-year full time courses, which include:
- Understanding the role of a Business Analyst
- Imparting training and developing skills on Descriptive, Predictive, Prescriptive and Cognitive Analytics
- Training the candidate to use advanced statistical tools to analyze complex business problems
- Using analytical skills in various domains and industries
Business Analytics: Job Profile & Top Companies
The role of a business analyst is solving organizational issues using skills of management, finance, marketing, operation research, logistics through various data analytics tools. The most important part of the job is to suggest business actions/decisions for the future on the basis of give data as well as through predictive analysis. Business Analysts are in high demand as the companies are adopting more scientific ways of using the data to make business decisions. Thus, business analysis offers lucrative jobs and remuneration. Currently, the average starting salary of a business analyst is Rs 8 lakh and upwards according to payscale.com.
Business Analytics: Top Companies
In today’s rapidly changing and ultra-competitive business world, every big or small organisations have woken up to the need of business analysts for better output and revenue. There are many Data Science organisations, which offer services to other companies through their qualified business analysts and data scientists.