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Business Analytics

Career options with an M.Sc. in Business Analytics

Online Manipal Editorial Team | May 24, 2022

Big data and data science have become the buzzwords of today’s business world. The vast amount of data generated is a prospective goldmine for companies. To operate efficiently and perform competitively, companies need to employ analytics for decision-making.

If solving business problems and implementing data-driven strategies interests you, an M.Sc. in business analytics degree focusing on analytics may be the right choice for you. Diverse career options open up with an M.Sc. in Business Analytics. So, let us explore various promising career options after the completion of the best business analyst course.

What is M.Sc. in Business Analytics?

An M.Sc. in Business Analytics is a programme that delves into the data analytics aspect of business management. Business Analytics has become vital for the growth and sustenance of companies in today’s highly competitive world. Companies are increasingly using business analytics tools and techniques for faster and better decision making and problem solving.

This course covers both business and analytics concepts, allowing students to excel in various roles across sectors. It covers statistics and data analytics techniques, as well as business concepts, managerial methods and technological skills. 

What are the top career opportunities for Business Analytics graduates?

Several business analytics career opportunities are accessible, depending on which sector interests you the most after earning a masters in business analytics degree. Some of the business analytics career options are as follows:

1. Data Analyst

A data analyst collects and analyses data based on sales figures, market research, logistics, and other aspects. They use their technical knowledge to guarantee the quality of data and work toward processing and correctly displaying it, enabling the firm to make sound business decisions.

The day-to-day duties of a data analyst vary based on the business or specialisation under consideration. Data analysts interact with data scientists, IT teams, and management to identify corporate goals.

2. Supply Chain Analyst 

One of the primary objectives of a supply chain analyst is to enhance an operation’s performance. They accomplish this by determining the needs for a certain project and coordinating it with the other personnel or departments. Because engineers and quality assurance specialists must test their new supply chain processes, a supply chain analyst delivers the insights for a data driven decision. They also suggest techniques for enhancing performance, lowering expenses, and managing inventories.

3. Big Data Analyst 

A Big Data Analyst’s job is to research the industry by identifying, collecting, analysing, and communicating data to guide future business choices. A Big Data Analyst works with undiscovered data, patterns, hidden trends, and other things.

Some of the fundamental skills necessary to become a successful big data analyst are problem-solving abilities, the capacity to think critically in difficult situations, and creative thinking. When it comes to technical abilities, they must have programming abilities, quantitative and data interpretation abilities, and data mining and auditing abilities.

4. Business Analyst 

Company analysts strive to comprehend changing business demands, evaluate the effect of these changes, define and analyse requirements, and document and facilitate communication among all stakeholders. And nearly every domain has experienced an increase in prospects of business analytics. 

5. Predictive Modeller

You may not be familiar with the term “predictive modeller,” but it is a career category that falls under the umbrella of predictive analytics. Predictive models are programmes that generate predictions depending on the data provided to them. A predictive modeller is responsible for developing these models. They must also be well-versed in statistics, analysis, and technology because it is a relatively new and emerging profession.

6. Technical Team Lead

A technical team lead is a professional in charge of leading a technical team in any organisation. Their primary responsibility is to guarantee technological development is appropriately addressed,  products are of good quality, and they are delivered on schedule. They would need technical abilities, but also strong leadership and management abilities.

7.Programme and Marketing Manager

Marketing and programme managers are responsible for creating realistic and reasonable market efforts to increase awareness of the company’s services and goods. They are in charge of developing and implementing marketing strategies to increase sales.

8. Operations Research Analyst 

Operations Research Analysts advise managers and other decision-makers in businesses on handling problems. They employ advanced analytic and mathematical tools to make better judgments and solve challenges.

Scope of Master’s in Business Analytics

A business relies on Business Analytics to understand data and make choices based on market circumstances. It assists them in tracking performance indicators and deciphering the outcomes. All of these duties necessitate the use of individuals who are specialised to comprehend these situations and who have the specialities to give the organisation in-depth analysis.

Let us look at some of the more intriguing features of this domain.

  • This is a relatively new role in the field of management. The increasing internet usage and the introduction of social media have raised the importance of this role.
  • Descriptive Analysis, Predictive Analysis, and Prescriptive Analysis are the three basic analytical areas for this role.
  • Retail, IT, e-commerce, finance, and telecommunications are among the industries that seek people with an analytical background.

Scope of M.Sc. Business Analytics in the government sector

PG in business analytics has so far been an effective approach for advancing the corporate ladder. Also, business analysts are in high demand in the government sector, and many government entities use predictions to make appropriate judgments. Companies in the public sector also hire data analysts and scientists, data mining professionals, and qualitative analysts.  

Conclusion

Manipal Academy of Higher Education (MAHE) through Online Manipal now offers two-year M.Sc. in Business Analytics and one-year PG Certificate Programme in Business Analytics to produce future-proof Business Analyst and data professionals. Both programmes from this Institute of Eminence are designed and delivered by expert faculties.Students can enrol and pursue the course at their convenient time or pace.

While a PGCP programme covers basic concepts, the M.Sc. in business analytics programme will give advanced concepts in detail. A forerunner among the online degree providers, Online Manipal’s comprehensive online degree programme is designed for both working professionals and fresh students to launch a successful career in this trending domain. 

This takes us to the end of the article exploring career opportunities after obtaining an M.Sc. in Business Analytics. The sector is growing in popularity, and more employers seek M.Sc. graduates with analytical skills. The speciality has a bright future. Over time, there has been a growth in the need for professionals with an M.Sc. in Business Analytics. Upskill with the best business analyst course today and get started on your ideal profession. With the help of specialised mentor support and career advice, you can select from various disciplines and learn from the best.

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