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Business Analytics to drive decision-making

Business Analytics is designed to build competency in data handling and data-driven decisions.

Businesses are able to predict with certainty and enhance the role of scientific understanding in business.

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Business Analytics: Decoding the Future

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Data Collection

Companies rely on data, gathered from various sources, both internal and external sources. This could be in the form of statistics, observations, graphs etc.

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Business Analytics Expert

A Business Analyst decodes the data, derives conclusions from it, understands the problems, proposes solutions to the problems and works with key stakeholders to execute them.

MBA in Business Analytics

Business Analytics has garnered a lot of interest from students in recent times. Students want to take up this course to enhance their career prospects. Therefore, MBA in Business Analytics has become a popular option.

Generally, a candidate must meet the following requirements to apply for MBA in Business Analytics

  • Must have a graduate degree with 50% aggregate.
  • Candidates awaiting their final year results can apply too.
  • Valid scores of national entrance exams such as CAT/MAT/MRNAT Score.

Generally, candidates will study a list of compulsory and specialized subjects during their MBA in Business Analytics Programme. The following image highlights some of the prominent subjects.

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Opportunities Galore for Business Analysts

Business Analytics presents a plethora of options for you to choose from and make a career in. There are excellent job opportunities available as Big Data market is expected to record exponential growth in the coming years.

Areas Open For Business Analysts

Finance
Finance

1. Creating financial models.

2. Providing advice on financial projects.

3. Carrying out financial analysis.

Information Technology
Information Technology

1. Communicating with top stakeholders to understand information systems and processes.

2. Improving products, software to increase profitability.

Retail
Retail

1. Analysing retail data like stock, sales, pricing etc. and help make decisions.

2. Analyzing financial results, historical trends, effects of policies implemented.

Logistics
Logistics

1. Dealing with the entire life cycle of a product.

2. Ensuring smooth functioning of the business in a cost-effective manner.

Roles for Business Analysts

DATA ANALYST

Collect, study, analyse data and use it to solve problems.

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STATISTICIAN

Gather data, apply statistical tools, analytical techniques to make decisions.

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DATA OFFICER

Strategically use data to help the organisation work more efficiently and effectively.

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PROJECT MANAGER

Planning, organising, executing, and monitoring a project in a time-bound manner.

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OTHER ROLES

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BEST ROI IN THE INDUSTRY

Business Analysts can get decent salary packages based on their experience.

Freshers can expect to take home INR 3.5-6 lakhs annually.

The average salary of a business analyst can be nearly INR 8-17 lakhs.

Enroll for MBA Business Analytics at Manav Rachna University

All business houses are run by Big Data these days. This has resulted in a huge demand for specialised Business Analysts, who can split the data into meaningful units and use the data to solve modern business problems. Manav Rachna gives you the chance to do a highly specialised course and gain an advantage over your competitors.

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Download the list of Gurgaon-based companies that hire an MBA in Business Analytics.

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You are now one step closer to beginning your MBA Exams Journey with MBA Rendezvous.

We look forward to speaking with you soon.