BUSINESS ANALYTICS V/S CONVENTIONAL SPECIALIZATIONS
Business Analytics is a very young specialization, just gaining popularity among students and folks. MBA has changed overtime as per the changing business environment, there were times when only fields like sales, marketing, finance etc were the fields in MBA but in today’s world people who runs business, knows that each and every single unit in a corporate structure is of equal importance. Many unconventional genres in MBA are in existence which gives a great scope of advancements and developments in the company and in fact whole industry. Today the streams in MBA offered are much different than those offered some time ago, new fields like business analytics, ERP have gained popularity in the past years in top B-schools in India and in other parts of the world. Top MBA colleges in Delhi-NCR/Bangalore/Pune has started to enroll diversified such as business analytics in their courses offered.
What is Business Analytics?
Business Analytics are the skills that are needed by the businesses for studying the past trends and market scenarios and economic developments that can lead to change in decisions in the future in one’s particular businesses. It generally involves studying graphs, charts, government and economic policies, change in market conditions and environment that you’re working, customer needs, taxes, costs. Raw materials etc that can be helpful in any way in making decisions that will be beneficial for the business. A manager with business analytics specialization can be a valuable asset, as he would be more into deep understanding of the current market scenarios which will then lead to better decisions favorable to the company for long term prospects. Business Analytics uses R language for calculation of statistical data by managers or statisticians.
MBA in Business Analytics is a 2-year post graduate program. The basic eligibility criteria for getting admission in the course is a Bachelor’s degree or Master’s degree from any recognized university with minimum 50% aggregate marks and 45% marks in case of SC/ ST candidates. MBA in Business Analytics may give you an upper hand in studying these scenarios and manage them in such a way that it would be proven efficient for the company
Comparing Business Analytics from others
- Edge over others- A management personnel with specialization with business analytics will definitely be having advantage other managements as he will be more into analyzing the past trends and may understand and comprehend those trends better than sales manager or marketing manager or any other manager. By studying the past trends based on economic conditions, political scenarios, industrial changes and innovation one can easily detect future prospects of the business.
- Upper hand on career growth- Business Analytics knowledge not only lets you study trends but also make decisions worthwhile the company, If the decisions you held are coming to benefits for the company, you will be much valued in the company than others. As we know the corporate structure needs continuous outcomes from the employees and by the help of R language used in performing business analytics, you can definitely excel at work.
- During Placements- During placements in your college, there will also be a demand for the trending technology in the industry, and we know whatever is new and profitable trends on the market, and business analytics is in trend, it gives deep insights in one’s business environment etc, and every recruiter would like to have a specialist of “R” or business analytics on board, which will always be in the beneficial sides.
- Salary offered- The average salary range offered to a manager with business analytics is mostly much higher than any other management position. As business analytics functions as a amalgam of technological innovations and trends study, and also in a much organized, easy to understand and effective way so the business analytics personnel always gets paid higher in comparison to others.
- For such useful informative details and getting help regarding any B-School related query or searching best MBA colleges in cities like Delhi/Mumbai/Bangalore/Pune please must check Edumyra. And also we are here to give all the info on exams like CAT/XAT/SNAP etc.Source - Edumyra
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