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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. Online learning has further helped in evolving this field.
There are many online business analytics courses in India which help the candidates to learn. With the ever-growing demand for professionals in this field, online education has assisted in meeting this demand. Business analytics courses are available as part of a full-time, part-time, or 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?
Business analytics refers to the technology and practice for the exploration of past business performance for future business planning. It leverages data analytics and business intelligence. Business analytics helps companies gather, evaluate, and reach valuable conclusions from the data available to them. It also helps optimise business operations, save costs, intensify revenue, and improve customer relations while using business analytics tools. Financial analytics also play an important role in this field. With business analytics, organisations will be able to anticipate future market trends and make strategic business decisions and plans.
Who Can Pursue Business Analytics?
As a profession, business analytics is a good choice for candidates who want to explore the world of data for real-world business problems. Any graduates, 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, doing them has its own set of benefits. These include the ability to make informed business decisions, bring agility to a business, and understand customers. 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.
Resource Links for Online MBA
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:
IIM Kozhikode via Talentedge
IIM Calcutta via Eruditus
XLRI-Xavier School of Management, Jamshedpur via Talentedge
XLRI-Xavier School of Management, Jamshedpur via Eruditus
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 from the crowd. Business analysts examine, understand, and excerpt meaningful insights from the data. With the best online business analytics courses or offline courses, 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 highest-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 Rs. 606,574 per 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 analyst's job in high demand. Data analysts perform a variety of responsibilities, from predicting demands to identifying potential disruptions in the supply chain and performing risk assessments. 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 for any firm, including consulting and professional services companies, public sector organisations, technology companies, and research firms.
Top Employers Hiring Business Analysts
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Q: Why is business analytics important?
A: Business analytics is important because it provides a powerful tool for modern enterprises to analyse and derive insights from data and make data-driven decisions.
Q: Who is eligible to take online business analytics courses?
A: Anyone with 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 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 visualisation. You will be able to make more obvious trends from visual data and make a better and more 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 visualisation and more.
Q: What are the responsibilities of a business analyst?
A: The major responsibilities of a business analyst are to identify an organisation'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 earn a handsome salary among other IT professionals. The average salary of a business analyst in India is Rs. 606,574/year.
Q: Where could I land a career after pursuing business analytics courses?
A: After completing business analytics courses online or offline, you can go into different sectors, including IT, healthcare, finance, consulting, law, and the public sector.
Q: How long 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 or 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 analysts, process analysts, data scientists, management analysts, project managers, consultants, and more.