Master’s in Business Analytics: Path to top MNC jobs

As technology and industry advance, the need for qualified employees is growing exponentially. 

More than a million people in the world have completed master’s degrees. But what does this mean for you? How can you ensure that your master’s degree will help you land a job at the best companies? 

While many people think a master’s degree needs to be earned through a university or college, online schools offer this kind of education – some are better than others. 

How does business analytics work? 

To make better business decisions, business analytics gathers and analyses data. Business analytics can help you make better decisions by providing insight into your organization’s activities and performance. It can improve existing processes, optimize operations, or identify new opportunities. 

The goal of business analytics is to gather data from various sources and use it to improve business performance. Retail, healthcare, manufacturing, energy, financial services, and many other industries can use this type of analysis. 

What are the benefits of a career in Business Analytics? 

The following are four reasons to pursue a career in business analytics:

Here are four reasons to choose a business analytics career path –

• Demand  

According to the Bureau of Labour Statistics, between 2014 and 2024, management, business, and financial operations jobs are expected to grow 8.4%, much faster than the average for all occupations. 

• Flexibility  

After graduation, you will be able to go into the workforce immediately and start making money with your master’s degree in business analytics. 

• Salary that is desirable  

Graduates with master’s degrees in business analytics earn an average starting salary of INR 4 lakhs to INR 6 lakhs per year—or about INR 1000 – 1500 per hour if you assume a 40-hour workweek (which most don’t). Nearly twice the national median household income! 

• Growth potential  

By choosing a BA degree, you can advance your business analytics career path down another road or get ahead in your field of study. 

Master’s degree programs in Business Analytics 

The following is a list of master’s programs in Business Analytics. 

M.Sc. in Business Analytics  

Those wishing to pursue a career in business analytics at top companies should take this program, as it is designed for students with a bachelor’s degree in any area of study. Developing analytical, conceptual, and problem-solving skills necessary for professional practice and control at higher levels is the primary objective of the M.Sc. in Business Analytics course. 

Master of Business Administration (MBA) 

The Master of Business Administration (MBA) is a two-year program that allows students to gain a deeper understanding of business and management processes. It is the world’s most popular master’s degree. You will also gain the skills you need to apply for manager or administrator positions in any industry if you complete the course. 

All aspects of business administration will be covered, including finance, marketing, operations research, quantitative methods, and human resource management. In addition to regular interactions with distinguished faculty members, visiting professors/specialists from industries and other reputed institutions, students will gain an understanding of international business practices and corporate governance. 

MBA with Business Analytics 

This specialized program is designed for those who have completed their bachelor’s degree in any branch of study or any other field but wish to pursue an MBA after graduation. As part of this program, students will develop analytical and conceptual skills needed to succeed in higher-level management and professional practice. 

Business Analytics concepts and skills covered in the master’s program 

The master’s degree in business analytics covers many concepts and skills in high demand today. 

Using data analysis to improve business practices is one of the most important concepts covered in the program. A variety of advanced machine learning and artificial intelligence techniques are covered in the coursework, from Excel data analysis to advanced machine learning. A solid grounding in data analytics is provided to students in this coursework, allowing them to apply their skills in a variety of careers and industries.  

In addition, students learn about database management, business statistics, programming with R and Python, business econometrics, data visualization, big data analytics, project management, and time series analysis. As well as Marketing Analytics, Digital and Web Analytics, Financial Asset Valuation, and Financial Analytics, it covers a variety of specialized topics. 

Read more on the core concepts in business analytics. 

Become an in-demand Business Analyst 

The Manipal Academy of Higher Education (MAHE) offers a variety of online programs to help you reach your goals. 

The online M.Sc. in Business Analytics program is designed to equip you with the skills necessary to become a successful business analyst. By learning quantitative methods like statistical analysis and programming languages, you’ll be able to interpret data and solve problems. MAHE faculty will teach you how to master business analytics processes with essential tools. 

MAHE also offers an online PGCP in Business Analytics for a one-year duration. It will equip you to kick start a career with the most in-demand skill sets. 

Alternatively, if you want to advance your business analytics career by earning an advanced degree, we offer an online MBA with Business Analytics specialization. 

The bottom line 

You can work for some of the best businesses in business analytics after completing a master’s degree. Throughout your business analytics career, your master’s education will remain relevant because the skills you learn are valuable and transferable to any industry. 

Getting a bachelor’s degree is great, but if you want more opportunities, consider getting a master’s degree in business analytics through Online Manipal. 

Key takeaways:

• Master’s in business analytics will help you to understand the importance of data in business, and how it can be used to enhance the performance of businesses. 
• The degree will also help students to gain knowledge about analytics methodologies, which are essential for decision-making processes in any industry. 
• In addition to this, a master’s degree in business analytics can also equip students with the required knowledge and skills necessary to succeed in careers related to data analysis and decision-making processes. 
• Students who graduate from a program with a master’s degree in business analytics may have access to employment opportunities at various levels within an organization or company where they can use their knowledge and skills gained from their studies on data analysis, statistics, and so on.