In this blog, we will deep dive into 7 high paying jobs after MBA in Business analytics.
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The business world is rapidly evolving and new age trends have highlighted the relevance of data science and big data in this sector. Employability of analytics for betterment of business viability has also shown an upswing.
If working on data driven strategies is your forte and you love to take challenges for solving business related problems, an MBA degree in business analytics could open the gateways of success for you.
What is MBA in business analytics
MBA in business analytics is usually a two-year program with specialization in business analytics. In general, business analytics is the process of collecting, combining, sorting and using statistical models so that business insights could be generated from this data. Once this statistical data is ready, it is put in use for solving problems and increasing overall business productivity.
Shoolini university in Kasauli Hills, Himachal Pradesh is one of the best MBA university to pursue this professional degree. It has been ranked as number 1 private university in India as per The World University rankings 2024.
This university offers a unique combination of business management principles and data analytics and by the time you complete this degree, you would develop deep rooted understanding on leveraging data driven insights.
Scope of MBA in Business Analytics
MBA in Business Analytics is a two year post graduate degree program in the field of management. The scope of MBA in Business Analytics is quite wide and any successful candidate can consider career position in wide category of segments. Some of the prominent segments in this field are Marketing analytics, Risk analytics, Customer analytics, Supply chain analytics, Human Resource analytics and Web analytics.
Apart from above listed segments, the scope also includes employability in public sector with positions in data analysis, data mining and qualitative analytics in different public sector undertakings.
High Paying job options after MBA in Business Analytics
The scope of jobs after MBA in business analytics has widened over the years with the students’ finding employments across sectors and niche categories.
1. Data Scientist
In literal terms, a data scientist puts data to work and uses it to make organizational decisions. A data scientist typically handles the following:
- Works on patterns and trends in datasets
- Designs data models for forecasting of outcomes
- Improves quality of products by using Machine Learning techniques
- Responsible for deployment of data tools like Python, SAS, SOL
The salary of a data scientist ranges from 8 Lakh to 20 Lakh per year with average base salary being 12.75 Lakh/year.
2. Data Analysis
Among jobs after MBA in business analytics, the role of data analytics is also of prominence. A data analyst not only gathers data but also interprets it for solving data related problems. The common tools that any data analyst should have knowledge about include Microsoft Excel, Google Sheets, SQL, Tableau, Phyton, SAS, Microsoft Power BI etc.
In addition, a data analyst should know about different programming languages and data visualization.
The salary of a data analyst ranges from 5 Lakh to 10 Lakh per year with average base salary being 6.75 Lakh/year.
3. Business Development Manager
This is a traditional job segment in MBA and also interests students who are looking for jobs after MBA in business analytics. As a business development manager, you would be responsible for driving business growth, create development plans and forecast sales targets.
In addition, a business development manager is also required to meet existing and new clients, liaison with colleagues, prepare financial projections, attend events, prepare sales presentations and train business development teams.
The salary of a Business Development Manager ranges from 5 Lakh to 12 Lakh per year with average base salary being 8.80 Lakh/year.
4. Business Intelligence
Business intelligence has also emerged as one of the promising jobs after MBA in business analytics. In the role of business intelligence analyst, you would be responsible for analysing the company data and mining the same to derive valuable insights. Critical business decisions are then taken based on the insights derived. The future strategy which any company will devise depends upon the decisions taken by the Business Intelligence analyst. A person should have strong problem solving, analytical and critical thinking skills to qualify for the role of a business intelligence analyst.
The salary of a Business Intelligence analyst ranges from 5 Lakh to 12 Lakh per year with average base salary being 8.80 Lakh/year.
5. Data Architect
Jobs after MBA in business analytics are also open in the field of data architect. As a data architect, a person is required to review and analyse organizational data infrastructure, plan for future databases and implement solutions accordingly.
In addition, they are also create procedures for ensuring data accuracy, analysing planning, collaborate with other teams, research data acquisition and develop application programming.
The salary of a Business Intelligence analyst ranges from 18 Lakh to 30 Lakh per year with average base salary being as high as 27 Lakh/year.
6. Database design
Among the options for career progression, as jobs after MBA in business analytics, the role of database designer is also open. The database designer is expected to define and detail database design by including data specific indicators like tables, stored procedures, indexes, triggers etc. Specifications might vary as per data storage mechanism for the project but the database designer has to be ready for any such eventualities.
For this role, the candidate has to develop expertise in data modelling, database design, object-oriented analysis, system architecture and database administration.
The salary of a Database designer ranges from 2 Lakh for beginners to 21 Lakh per year with average base salary being 8 Lakh/year.
7. Operations Analyst
This is also a key career choice which can be considered among jobs after MBA in business analytics. As an operations analyst, you would be required tocollect data on current company operations, analyse these data sheets, design operational processes and ensure compliance of assigned tasks so that it translates into profits for the company.
The salary of Operations Analyst ranges from 4 Lakh to 10 Lakh per year with average base salary being 6 Lakh/year.
FAQs
Ques 1: Is an MBA in business analytics a good career?
Yes, MBA in business analytics is a good career. Lucrative career options await in the position of data scientist, business analytics, database designer and host of other roles. With experience and expertise in this niche, a person can earn upto 25 Lakh/year in leading Indian companies in this segment.
Ques 2: Which university is best for business analysts?
If you decide to study in himachal for your MBA in business analytics, Shoolini university is the best options. With 5000+ placements including 100% for MBA students over the years through its active placement cell, Shoolini has set unique standards. It is also the leading private university in India as per The World University Rankings 2024.
The faculty is from University of Berkeley, IIT, IIM, McKinsey and ISB with experience and expertise in their niche.
Summer internships, hands on workshops with industry and other corporate leaders also horn the skills of students and prepare them for a competitive career.
Ques 3: What is the highest salary of business analytics?
The highest salary which a business analyst can expect in India can go up to 21 Lakh/ year. The salary also varies with experience and expertise and the niche you have chosen to work in. On an average, a fresher can expect an average salary of 5Lakh/year which increases as the candidate gains experience.
Ques 4: Is MBA in business analytics in demand?
As the role of predictive AI is increasing so is the demand for business analysts. Data mining and analysis play a vital role in establishing a leading foot in the competitive market and so the demand for those with professional degree of MBA in business analytics is also on the rise.
Ques 5: Who earns more MBA in finance or business analytics?
While both these career options are good in their category, when it comes to financial gains, MBA in business analytics scores a point above. This is also due to realization that analysis of data could propel the growth of company. A business analytics on an average earns between INR 7 to 12 Lakh/ year while those with MBA in Finance make INR 6 to 10 Lakh/year.
