Looking for the Best MBA in Business Analytics Colleges in India? then you have come to right place. In India, MBA in Business Analytics has become a highly demanding specialized program.
Because of the increasing demand in the industry, an MBA in Business Analytics is now one of the top choices for specialized MBA courses. Top B-schools like IIM Bangalore, IIM Calcutta, IIFT, and IIM Ranchi offer various types of MBA in Analytics programs with many others.
Table of Contents
In this article, we will cover the best MBA in Business Analytics colleges in India. We will also cover the job prospects, types of programs offered, placements and more. Keep reading this article to know more about it.
What is an MBA in Business Analytics in India?
MBA in Business Analytics is an emerging field where companies need skilled professionals. In this program, you will learn how to use data to make smart decisions for businesses.
You will learn a mix of management, business, and computer science. You will analyze data to help companies make better choices. It is all about finding insights from real data to guide business strategies. You will work with big data, using stats and visualization to drive organizational changes.
This field is booming across various industries, from banking to e-commerce. This has become possible due to the explosion of data from mobile tech, computers, sensors, and more. So, if you are interested in being part of this emerging field, an MBA in Business Analytics could be the perfect choice for you.
Types of MBA in Business Analytics Programmes in India
In India, you have several options when it comes to pursuing an MBA in Analytics. Here are the types of programs that you can choose from:
- Full-time MBA programs specializing in Business Analytics offered by IIMs over two years.
- Full-time MBA programs specializing in Business Analytics offered by top universities or equivalent PGDM programs by AICTE-approved B-Schools over two years.
- One-year full-time specialized MBA or Post Graduate Certificate Programs in Business Analytics offered by leading B-schools.
- Executive (part-time) on-campus/hybrid MBA or PGDM programs or certificate programs in Business Analytics offered by top B-schools and universities.
- MBA programs with a specialization in Business Analytics within two-year full-time General MBA/PGDM programs.
- Executive (part-time) online MBA or PGDM programs or certificate programs in Business Analytics.
Syllabus and Courses
In the first year, you will cover basic concepts in Marketing, Accounting, Finance, Human Resources Management, and more, along with core analytics courses like Applied Probability, Statistical Models, and Machine Learning.
During the second year, you will learn more specialized topics such as Artificial Intelligence, Deep Learning, Optimization, and Multivariate Data Analysis. You will also study areas like Business Forecasting, Social Entrepreneurship, Marketing Analytics, and Supply Chain Analytics.
Also, you will study subjects like Digital Marketing, Brand Management, Corporate Governance, and Reinforcement Learning. The curriculum is designed to equip you with the skills and knowledge needed to succeed in the dynamic field of business analytics.
List of 10 Best MBA in Business Analytics Colleges in India
Here is a list of some of the best MBAs in Business Analytics colleges in India. They are well-known for their education in the business analytics field.
1. IIM Ahmedabad
IIM Ahmedabad was established in 1961. It operates autonomously under the Govt. of India. It offers a wide range of courses at the postgraduate and doctoral levels. This includes M.B.A, Executive M.B.A, PGP Food and Agribusiness Management, ePGD in Advanced Business Analytics, ePost Graduate Programme in Management, and Ph.D. Management. In the NIRF 2023 ranking, IIM Ahmedabad secured the 1st position in the management category.
Before applying for admissions, you need to meet the eligibility criteria set by IIM Ahmedabad. Admissions are based on meeting these criteria and securing the required scores in exams like CAT/GRE/GMAT. Admissions are done based on CAT cut-off provided by IIM Ahmedabad after the CAT result are declared.
IIMA offers various facilities. This includes separate accommodations, a cafeteria, sports facilities, a gym, a library, an auditorium, a medical/hospital, and more. It also has a dedicated placement cell that provides training and guidance for your career growth.
- Location: Ahmedabad, Gujarat
- Placement Package: Rs 36,00,000 per annum
2. IIM Bangalore
IIM Bangalore was founded in 1973. It holds the status of an ‘Institute of National Importance’. It offers various courses at the postgraduate and doctoral levels. This includes M.B.A, P.G.P, and Ph.D. These courses are available in online, full-time, and part-time modes. In the NIRF rankings 2023, IIM Bangalore secured the 2nd position in the management category.
To enroll in IIM Bangalore, you must meet the eligibility criteria set by the institute. You should also take the CAT/GMAT/GREs. Admissions are based on the scores obtained in these entrance examinations. Placements are provided for all levels of programs at IIM Bangalore.
Various facilities are available at IIM Bangalore for students and employees. This includes a cafeteria, separate accommodations, an auditorium, sports facilities, banks/ATMs, and medical/hospital services. Also, students with an excellent academic record can apply for scholarships offered by IIM Bangalore.
- Location: Bangalore, Karnataka
- Placement Package: Rs 35,30,000 per annum
3. Indian Institute of Foreign Trade (IIFT)
IIFT Delhi was established in 1963. It operates autonomously under the Ministry of Commerce & Industry. It gained “Deemed to be University” status in 2002 and ranks 27th in the Management field according to NIRF 2023.
It is accredited with an A+ grade by NAAC. IIFT Delhi is also AACSB accredited. It offers full-time and part-time postgraduate and doctoral programs in Management, Business Administration, and Economics.
Final admission to the MBA program at IIFT Delhi is based on your CAT score, performance in Group Discussion, Writing Skills Assessment, and Interview. The institute offers various scholarships. This includes the New Scholarship Scheme (NSS) and those provided by the Government of India and other organizations. To qualify for these scholarships, you must meet specific criteria.
During the 2021-23 academic year, the highest package offered at IIFT Delhi is placement drive was Rs. 75.6 LPA (domestic) and Rs. 85.4 LPA (international). IIFT Delhi offers facilities that include separate hostels for male and female students, a cafeteria, gym, library, auditorium, IT infrastructure, and more.
If you are seeking opportunities in Delhi we have covered a detailed article in MBA business analytics colleges in Delhi that can provide you valuable insight.
- Location: Delhi, India
- Placement Package: Rs 26,50,000 per annum
4. MDI Gurgaon
MDI Gurgaon was founded in 1972. It ranks 13th among top management schools per NIRF 2023. It offers postgraduate and doctoral programs in management and business administration. To join MDI Gurgaon’s PGDM programs, including PGDM-HRM, PGDM-IB, and PGDM Business Analytics, you must take the CAT entrance exam (for Indian students).
MDI Gurgaon helps its final-year students secure placements in reputable organizations. In 2023, 472 students were placed, with the highest salary package at Rs. 60 LPA and the median CTC at Rs. 23.10 LPA. MDI Gurgaon also grants scholarships to deserving students. Also, the campus provides various facilities for students, faculty, and staff.
- Location: Gurugram, Haryana
- Placement Package: Rs 23,10,000 per annum
5. School of Business Management SVKM is Narsee Monjee Institute of Management Studies
NMIMS Mumbai is School of Business Management (SBM) is a private college founded in 1981 by Shri Vile Parle Kelavani Mandal (SVKM). It is part of NMIMS University, Mumbai. It is approved by AICTE and accredited by NBA and NAAC with an A+ grade. It is ranked 21st among B-Schools in India by NIRF 2023. SBM NMIMS offers diploma, postgraduate, and doctoral programs.
You can pursue courses like MBA, MBA in Human Resources, Business Analytics, Digital Transformation, and PhD at SBM NMIMS Mumbai. Admission to MBA programs requires appearing for the NMAT entrance exam. In 2023, the highest international package offered was Rs 67.80 LPA, with an average of Rs. 26.63 LPA for MBA Core students. For MBA HR, the highest and average packages were Rs. 25.95 LPA and Rs. 19.56 LPA, respectively.
SBM NMIMS Mumbai boasts a well-maintained infrastructure and provides ample facilities for students. They also offer placement opportunities. This gives an environment for your academic and career growth.
- Location: Mumbai, Maharashtra
- Placement Package: Rs 26,30,000 per annum
6. Symbiosis Centre for Management and Human Resource Development
SCMHRD Pune was established in 1993. It is a constituent college of Symbiosis International University. It is a privately owned co-ed institute. It has a vision to promote international understanding through quality education. The campus spans 5 acres with a faculty of 9 members and over 700 students.
You can apply for admission to SCMHRD Pune for four courses: MBA, MBA in Infrastructure Development and Management, MBA in Business Analytics, and Executive MBA. Admission is based on SNAP scores. You need to meet the SCMHRD Pune cutoff to proceed further. The college offers various facilities like separate hostels, a library, an auditorium, laboratories, and more.
- Location: Pune, Maharashtra
- Placement Package: Rs 16,50,000 per annum
7. Vinod Gupta School of Management
VGSoM was established in 1993 as part of IIT Kharagpur. It is a premier business school aiming to be the best in India. VGSoM offers MBA, Executive MBA, PGD in Business Analytics, and Ph.D. programs. It is ranked 14th by NIRF 2023. To apply, you need at least 60% aggregate marks. Fees vary for each course.
VGSoM IIT Kharagpur’s placement cell arranges job placements and internships for students. They provide training to enhance your skills. Companies like Accenture, Wells Fargo, and Amazon are part of the placement program. The highest salary offered is Rs. 43.37 LPA, while the lowest is Rs. 13.60 LPA.
- Location: Kharagpur, West Bengal
- Placement Package: Rs 22,00,000 per annum
8. K J Somaiya Institute of Management
K J Somaiya Institute of Management was established in 1981 in Mumbai. It is a private institute. It is affiliated with Somaiya Vidyavihar University. It ranked 45th in NIRF 2023. It is the 19th B-school in India with AACSB accreditation. The institute offers various MBA programs like MBA (With Majors and Minors), MBA- Healthcare Management, and MBA-Sports Management. Also, there is an MBA – Executive, MCA, and PhD.
Admissions are based on eligibility criteria. KJSIM provides scholarships based on need, merit, research, and special interests. The institute offers a range of facilities for students, faculty, and staff members.
According to the latest report, the highest salary offered was Rs. 28.25 LPA, with an average of Rs. 17.12 LPA for the top 100 offers. The placement drive saw participation from various sectors like BFSI, Consulting, IT & ITES, Manufacturing, and FMCG, Banking, IT, and financial services.
For the Summer Placement of the batch 2023-25, the highest stipend offered was Rs. 1,08,000 per month, with an average stipend of Rs. 58,780 per month for the top 100 students.
- Location: Mumbai, Maharashtra
- Placement Package: Rs 17,10,000 per annum
9. IIM Ranchi
Indian Institute of Management Ranchi was established in 2009. It offers various courses including BBA-MBA, MBA, MBA Human Resources Management, MBA Business Analytics, Executive MBA, PhD Management, and Executive PhD. The institute ranks 24th in the management category according to the NIRF 2023 Ranking.
Admissions to the MBA program at IIM Ranchi are based on CAT scores, while for BBA-MBA admissions, candidates must appear for and score well in the IPMAT entrance examination. Upon graduation, students get placement opportunities. The highest salary package for MBA students was Rs. 67.0 LPA (International) and Rs. 35.5 LPA (Domestic).
IIM Ranchi offers scholarships to deserving students and provides various campus facilities for students, faculty, and staff members.
- Location: Ranchi, Jharkhand
- Placement Package: Rs 17,30,000 per annum
10. Prin LN Welingkar Institute of Management Development and Research
Prin LN Welingkar Institute of Management Development and Research is a private management college in Mumbai. It was established in 1977. The B-School operates under the S.P. Mandali Trust. It has campuses in Mumbai and Bengaluru. It is affiliated with the University of Mumbai. Welingkar Institute offers PGDM programs in various specializations such as E-Business, Business Design, Healthcare Management, and more.
Admission to PGDM courses at Welingkar Mumbai is based on your performance in exams like CAT, XAT, ATMA, CMAT, or GMAT. During the Welingkar Mumbai placements in 2023, the highest international and domestic packages offered were Rs. 24 LPA and Rs. 22 LPA respectively. Major recruiters on the campus include Accenture, Adani Group, Airtel, and others.
- Location: Mumbai, Maharashtra
- Placement Package: Rs 12,00,000 per annum
Career Options in MBA in Business Analytics
The scope of the MBA in Business Analytics program is expanding. It offers you excellent career opportunities. As a student in this program, you will become a skilled business analyst.
- You will be capable of solving various corporate challenges using data analytics tools.
- Companies will hire you for your expertise in analyzing business data and making informed predictions for the future.
- By pursuing an MBA in Business Analytics, you will prepare yourself to succeed in top companies.
- You will provide the best recommendations and actions based on your data analysis.
Frequently Asked Questions
1. What is an MBA in business analytics in India?
In an MBA in Business Analytics program, you will study a range of subjects such as statistics, data analysis, machine learning, and data visualization. You will also take core MBA courses covering finance, marketing, accounting, and strategy.
2. Is an MBA in Business analytics worth it in India?
Yes. Business analytics professionals are in high demand worldwide. Big organizations are offering lucrative salaries and abundant job opportunities. These roles offer you the chance to make an impact and succeed in your career.
3. Which IIM has an MBA in business analytics?
At the Indian Institute of Management (IIM) Ranchi, you can pursue a Postgraduate program in business analytics. It leads to a Master of Business Administration – Business Analytics (MBA-BA) degree. To get into this program, you will need to take the Common Admission Test (CAT) and then attend personal interviews.
4. Who is eligible for an MBA in business analytics?
To be eligible for an MBA in business analytics, you need to meet certain criteria. You should have completed a Bachelor’s degree from a recognized university with at least 50% marks overall. But please keep in mind that some MBA colleges may require higher marks than others.
5. Can I get a job after an MBA in business analytics?
With an MBA in Business Analytics, you have various career paths to choose from. As any businesses depend more on analytics for their daily operations, job opportunities in this field are increasing.
Conclusion
Careers in Business Analytics are booming year after year. This is because MBA in Business Analytics colleges in India are landing high-paying jobs and are in great demand by top recruiters. These companies look for professionals who can analyze business data scientifically and make informed business decisions. On average, an MBA in Business Analytics can expect a salary ranging from Rs 9 lakh to Rs 25 lakh per annum.
If you complete your MBA in Business Analytics from a top college, it opens up various placement opportunities to start your career in this field.
Some of the leading recruiters in Business Analytics include Accenture, Crayon Data, Global Analytics, Convergytics, Mu Sigma, Fractal Analytics, AbsoluteData, Manthan, Brillio, LatentView, Gramener, and many more. With so many job opportunities, you will have an amazing career in the field of business analytics. So, please take your time to research well and enroll in a course that is best for your career growth.
