Jobs & Salaries

MBA Business Analytics Careers & Salaries

Did you know that an MBA in Business Analytics degree has tremendous potential in the market? You can apply for a wide range of job roles ranging from analyst-level to business intelligence managers in different sectors such as marketing, operations, supply chain, etc.

Besides, you can also work as an analyst in financial or consulting firm. According to a McKinsey’s survey, close to 58% of respondents said their organization concentrates mainly on data science, data engineering, analytical transformation, and data architecture.

The Fortune-500 organizations that analyst work in consist mainly of analytics professionals.

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Below are few career options for graduates in MBA in Business Analytics:

• Management Analyst/Consultant
• Business Intelligence Analyst
• Program and Marketing Manager
• Big Data Analytics
• Operations Research Analyst
• Market research Analyst
• Data Analyst/Scientist

What does an MBA Business Analytics degree do to your career prospects? It does good things because prospects look bright for the moment as you are assigned exciting job roles.

• Descriptive Analysis: You are assigned to learn and understand how to implement the data into simple solutions for knowing more about past and future business situations.
• Predictive Analysis: This role involves analyzing your organization in terms of its business performance in the past.
• Prescriptive Analysis: You have to innovate methods for enabling your firm to have more ROI.

Additionally, once you have completed your MBA in Business Analytics, you can pursue higher studies like M. Phil or Ph.D. courses in management. This option is ideal for those who want to continue their careers in the research and education sector.

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Skills Needed For A Career in Business Analytics

Since you have a broad picture of your career options after doing MBA in Business Analytics, you may also want to know few skills that can help you become a successful business analyst.

The GMAC Corporate Recruiters Survey 2019 has found that recruiter’s prefer candidates showing proficiency in data analysis, interpretation skills, problem-solving and working. Likewise, the LinkedIn report highlighted that companies need qualified professionals in Data Science, Business Analysis, and Analytical reasoning.

Given below is a list of vital skills for pursuing a successful career in business analytics:

• Communication skills
• Analytical Skills
• Critical thinking Skills
• Technical Skills
• Managerial Skills
• Decision-making Skills
• Negotiation Skills

MBA Business Analytics Salary and Employment Statistics

The Data scientist job position was ranked number one as the most promising jobs in 2019 based on LinkedIn data. In America, data scientist earns an average of $130,000 annually.

Popular company review site Glassdoor reported the same, about data scientists being among the best jobs in America 2019. You can find the median base salary mentioned for graduates in business analytics got from data according to Glassdoor:

It is not surprising to note that a business analytics manager receives a salary package of $112,032 and $119,572. It is heartening to note as you stand to earn $115,802 right after completing your master’s degree.

Salaries After an MBA in Business Analytics At Business Schools in USA, UK & Singapore

Salaries & Placements After MBA in Business Analytics In India

The last few years have seen a surge in India for graduates enrolling for MBA in Business Analytics. That is because organizations are on the lookout for qualified and skilled professionals who can implement scientific analysis for making profitable decisions.

The salary for Business Analytics professionals in India is decent. You stand to earn anywhere between 9LPA to 25LPA. Few of the top organizations you can work for include Mu Sigma, Fractal Analytics, Convergytics, Accenture, Crayon data, Global Analytics, Exl Analytics, AbsoluteData, LatentView, Gramener, Manthan, Brillio, etc.

MBA Business Analytics Placements

We have provided some of the latest placements of top institutes offering MBA in Business Analytics below:

IIM Calcutta PGDBA Placement 2020

IIM Calcutta, is one of India’s most prominent institutes, has concluded the placements for the 2020 4th batch, Post Graduate Diploma in Business Analytics (PGDBA). Close to 56 students got placed getting 60 job offers from 18 firms.

It is heartening to note that despite the pandemic, the salary has been increased from Rs. 25.05LPA to Rs.26.31LPA. However, the highest salary offered was Rs. 41.29 LPA by an international company.

Out of the total job offers, the BFSI (Banking, Financial Services, and Insurance) sector accounted for 57% of them.

IIM Calcutta PGDBA Prominent Recruiters

IIM Calcutta (PGDBA) saw some popular names during the recruitment. A few of them include Adani, Envestnet Yodlee, ZS Associates, ICICI Bank, and EXL Analytics. The IIM Calcutta (PGDBA) program is quite popular among students.

It is a two-year full-time program in partnership with IIT-Kharagpur and ISI, Kolkata.

Jobs After MBA in Business Analytics in India

The given below table provides you with details of MBA Business Analytics jobs and salary offered.

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