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Organisations across industries are generating voluminous amounts of data that need to be interpreted and analysed. Such amounts of data are available in both structured and unstructured forms that carry information for organisational growth. The need to assess data and draw meaningful insights has heightened the demand for business analytics professionals. These professionals know how to interpret and evaluate information to reach valuable conclusions. As a rapidly evolving field, pursuing a career in business analytics can help candidates learn the significance of analytics and make the most of data.
Business analytics courses are available as a full time/part-time/executive MBA programme. Apart from this, candidates can pursue online business analytics courses as well as a diploma and business analytics certification. With these courses, professionals and job seekers who want to thrive in the current business scenario can enhance their analytical skills and land a desired career.
What is Business Analytics?
Refers to the technology and practice for the exploration of past business performance for future business planning, business analytics leverages data analytics and business intelligence. Business analytics helps companies gather, evaluate and reach valuable conclusions of the data available to them. It also helps optimize business operations, save costs, and intensify revenue while improving customer relations. With business analytics, organisations will be able to envisage future market trends to make strategic business decisions and plans.
Who can do Business Analytics?
As a profession, business analytics is a good career choice for candidates who want to explore the world of data for real-world business problems. Any graduates and IT and non-IT professionals can pursue business analytics courses and certifications online. It is a growing career option in the field of management, and candidates can pursue a business analytics course at PG level – MBA/ PGDM.
Eligibility Criteria for Business Analytics Courses
- Candidates must have a bachelor’s degree in any stream from a recognised university or institution to pursue MBA/PGDM in business analytics.
- Candidates who have completed their bachelor’s degree in Commerce or Science stream would find business analytics courses more relatable as they will learn maths and statistics at a higher level.
- Most institutions require a minimum aggregate of 50% marks as per the AICTE guideline for an MBA or diploma in business analytics.
- Candidates are also required to qualify for common management entrance exams such as CAT, GMAT, MAT, XAT, CMAT, SNAP, NMAT, and IBSAT.
Skills Required for Business Analytics
- Critical thinking
- Good communication skills
- Ability to do research
- Understanding of technology
What will you learn in Business Analytics Courses?
Apart from the fact that business analytics courses are one of the most-hyped courses, doing it has its own set of benefits. These include the ability to make informed business decisions, bring agility to a business, understand customers, etc. After the completion of business analytics courses, you will be able to:
- Quantify business values and translate them effectively for business implementations.
- Make an informed and smart decision for the company.
- Learn data visualisation.
- Adopt a technical mindset when approaching business problems.
Popular Business Analytics Certifications
While business analytics is a lucrative career in IT, gaining a business analytics certification will give you proven analytical skills. Business analytics certifications cover management topics as well as topics associated with overall business operations.
Have a look at the top business analytics certifications:
Executive Development Program in Financial Analytics from XLRI
XLRI-Xavier School of Management, Jamshedpur via Talentedge
IIM Kozhikode via Talentedge
Post Graduate Certificate Program in Market Research and Data Analytics
MICA, Ahmedabad via Talentedge
IIM Calcutta via Hughes Global Education
IIM Calcutta via Eruditus
XLRI-Xavier School of Management, Jamshedpur via Talentedge
IIM Indore via Jigsaw Academy
XLRI-Xavier School of Management, Jamshedpur via Eruditus
Manipal Prolearn via Equifax
Career Options in Business Analytics
From MNCs and big tech firms to startups and local stores, every business relies on technology and data. In such a scenario, the ability to interpret and analyse large amounts of data to draw actionable insights sets business analysts apart in the crowd. Business analysts examine, understand, and excerpt meaningful insights from the data. With business analytics courses online or offline, you can land a career in diverse industries.
Here are some job roles you can explore after completing business analytics courses:
- Big Data Analytics Architect
- Business Analyst
- Data Analyst
- Data scientist
- Financial Analyst
- Marketing Analytics Manager
Business Analytics Salary Trends
As business analytics has emerged as a core business practice in enterprises, the demand for business analysts has also surged. It is one of the highly paid career options in the IT sector. The salary of a business analyst depends upon factors like location, job profile, experience and skills. The average salary of a business analyst in India is INR 606,574/year, according to PayScale.
Salary based on experience
< 1 year
Scope of Business Analytics
As there is increasing adoption of business analytics in industries, the pursuit by business entities of gaining a competitive edge is making a data analysts’ job high in demand. Data analysts perform a variety of responsibilities, from predicting demands to identifying potential disruptions in the supply chain and risk assessment. The scope of business analytics is expanding relentlessly, impacting customer experience, inventory management, sales and marketing, recruitment, and more.
After pursuing a business analytics course, you can work in any firm, including consulting and professional services companies, public sector organisations, technology companies, and research firms.
Top Employers Hiring Business Analysts
Q: Why is business analytics important?
A: Business analytics is important because it provides a powerful tool to modern enterprises to analyse and derive insights from data and make data-driven decisions.
Q: Who is eligible to do online business analytics courses?
A: Anyone having a bachelor’s degree in any stream is eligible for online business analytics courses. They could be students, IT and non-IT professionals, finance workers and others.
Q: Is business analytics a good career?
A: Business analytics play a crucial role in today’s businesses. It helps enterprises to drive data-driven decision making and achieve business objectives.
Q: What should I learn in online business analytics courses?
A: Business analytics courses will teach you about data visualization. You will be able to make more obvious trends from visual data and make a better and informed decision for your company.
Q: What do I need to become a data analyst?
A: To become a data analyst, you must have a degree and domain knowledge. You must also have some skill sets like analytical skills, knowledge of Microsoft Excel, programming, data visualization and more.
Q: What are the responsibilities of a business analyst?
A: The major responsibilities of a business analyst is to identify an organization's business objectives and problems and then come up with effective solutions.
Q: Is business analytics a highly paid career?
A: Based on job profiles and experiences, a business analyst can make a handsome salary amongst other IT professionals. The average salary of a business analyst in India is INR 606,574/year.
Q: Where I could land a career after pursuing business analytics courses?
A: After completing business analytics courses online or offlin, you can go into different sectors, including IT, healthcare, finance, consulting, law, and public sectors.
Q: What time does it take to become a certified business analyst?
A: As it is necessary to have a bachelor’s degree in any stream and then take an MBA/PGDM in business analytics, it usually takes 5-6 years to become a certified business analyst.
Q: What are the career options after business analytics courses?
A: There are numerous career options available to you after business analytics courses. These include market research analyst, process analyst, data scientist, management analyst, project manager, consultant and more.