Digital business majors such as Facebook, Google, Amazon and Microsoft have been making significant investments in the field of business analytics in the recent years. As a result of the developments, today there are millions of data analytics jobs across the world. According to an estimate from Linkedin, India accounts to about 10% of the global analytics jobs. With a large percentage of students qualifying with Mathematics as a subject at their graduation level, there is great scope for careers in Business Analytics domain in the country in the coming years. The educational sector is busy in creating the required talent pool for the growing domain. A Masters degree in Business Analytics may help you to step into the exciting world of data, analytics and decision-making. In this write-up you will know about the various types of PG courses in Business Analytics offered in the country. There are also few tips to choose the best Masters in Business Analytics College.
There are two kinds of Masters degree programs in Business Analytics. Programs such as the MMS and MBA with specialization in Data Analytics or Business Analytics focus on developing the knowledge of the science of analytics in the students. Training in various management subjects such as Financial Management, Marketing Management and HR Management are also offered during the course. An exposure in business management subjects plus the knowledge of Business Analytics can help students get ready for careers that require leadership qualities with the knowledge of decision science.
On the other hand, we have courses such as M.Sc Data Science and Business Analytics, where the focus is mostly on exposing students to analytics and creating in-depth knowledge related to core areas such as programming languages, data mining, machine learning and database management systems. A student who takes up M.Sc Business Analytics, may aim for specialized jobs where his/her core technological skills will find higher application. The skills can help them grow quickly to top positions in the career.
A PG Diploma program, is usually a short-term course as compared to the MBA program. It varies greatly in the way the curriculum is designed and what students get to learn during the course. A PG Diploma course may highlight the role of analytics in business. Students will be introduced to core concepts of analytics and learn about programming and various techniques used to arrive at decisions, to a limited extent as compared to the M.Sc program. Nevertheless, the PGDM Business Analytics programs are designed to train students in foundational subjects and help them kick-start a career on completion of the course.
An Executive program is designed keeping in mind the working professionals who want to begin a career in the new-age domain. Here, the course will be for a short-term as compared to the Masters program and some colleges may offer weekend courses, to help working professionals actively participate. The courses are usually designed to introduce participants to subjects such as Linear Algebra, Programming and Data Visualization. All these subjects play a key role in Data Science. Furthermore, participants get exposed to Data Mining, Big Data and other core subjects. The program may also have a project to build greater confidence in students. Executive PGDM Business Analytics programs can help participants grab opportunities which they come across when they are planning to make a shift in the career.
Business Analytics programs are offered in various institutes across the country today. While some institutes are offering part-time courses and online courses, there are many which offer full-time courses which take place in university campus with qualified faculty. You may consider few key things such as curricula, project/internship opportunities, placement assistance and the labs facility when choosing a college for your Business Analytics course. Since business analytics involves the use of software and various mathematical techniques, enrolling in courses where students are thought in detail about the various tools and possibly with a project that comes included can make a big difference.
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