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The MBA in Data Analytics- Scope & Salary
Data is the new oil, and the mantra of businesses across the globe is to ‘go digital. As a result, the demand for professionals with expertise in data analytics is at an all-time high. An MBA in Data Analytics is a 2-year full-time course that equips students with the skills required to make sense of data and convert it into insights that can be used to make business decisions.
Not only is the scope for an MBA in Data Analytics vast, but the salary prospects are also very attractive. With the right skills and experience, MBA graduates in Data Analytics can easily earn upwards of INR 20 lakhs per annum.
So, if you are wondering whether an MBA in Data Analytics is the right choice for you, read on to find out everything you need to know about this course!
What is MBA in Data Analytics?
MBA in Data Analytics is a business degree that focuses on the application of data analytics in business. The degree is designed for students who want to use data to make better business decisions and improve business performance. The program includes coursework in data mining, machine learning, and statistics. Students also learn how to use data to solve business problems and make decisions about marketing, operations, and strategy.
Scope of MBA in Data Analytics
An MBA in Data Analytics is a degree that prepares students for careers in data science and data analysis. The curriculum for this degree program includes coursework in topics such as statistics, computer science, and business. This degree is ideal for students who wish to pursue careers in data-driven industries, such as healthcare, finance, and marketing.
Data analytics is a rapidly growing field, and an MBA in Data Analytics can give students the skills and knowledge they need to be successful in this field. With the help of an MBA in Data Analytics, students can enter into exciting and rewarding careers that make a difference in the world.
How to get started with the MBA in Data Analytics?
If you are looking to pursue a career in data or business analytics then an MBA degree can be a great start. But you must do your MBA in Data Analytics from a reputed institute or university like LPU (Lovely Professional University).
The LPU 2 years MBA for Working professionals is a recommended course with Business & Data analytics as an elective. This MBA program is specially crafted for working executives.
Some of the great benefits of this program include,
- MBA In Data Analytics – A Unique Blend of Industries, Pedagogy, and Personalized Career Support
- The program meets the needs of students who wish to pursue a career in data analytics and related fields.:
- Live lectures by top university professors
- Dedicated sessions by industry leaders and experts from different fields and positions
- A specialized module on strategy and leadership
- Hands-on practice and experiential exercises
What are the benefits of pursuing an MBA in Data Analytics?
The MBA in Data Analytics is designed to prepare students for leadership roles in the data analytics field. The program provides students with the skills and knowledge needed to understand and effectively use data to make decisions in a variety of business contexts. The MBA in Data Analytics also gives students the ability to critically examine data and draw insights from it that can be used to improve business performance.
After successfully completing the MBA in Data Analytics program, you will have the ability to:
- Understand the principles of data-driven decision making
- Develop data-driven business strategies
- Evaluate data to identify trends and patterns
- Communicate data insights to stakeholders
- Use data to improve business operations
- Lead and manage data analytics teams
The course Curriculum for Data Analytics elective includes Probability & Statistics, Data science toolbox, and Advance Data Visualisation.
The Job market for MBA in Data Analytics
The job market for MBA graduates in data analytics is very strong. In fact, the demand for these professionals currently exceeds the supply. As a result, MBA graduates with data analytics skills can expect to command a very high salary.
There are a number of reasons for the strong job market and high salaries for MBA graduates in data analytics. First, data analytics is a relatively new field, so there are not as many qualified professionals available. Second, data analytics is critical for businesses to be able to make informed decisions. And finally, the demand for data analytics skills is only going to increase in the future as more and more businesses adopt data-driven decision-making.
If you are considering an MBA and have an interest in data analytics, now is a great time to pursue this degree.
Salary for MBA in Data Analytics
The MBA in Data Analytics is one of the most sought-after degrees in the world. With the ever-growing demand for data analytics professionals, the MBA in Data Analytics is one of the most valuable degrees you can earn.
So, how much can you expect to earn with an MBA in Data Analytics?
Well, it depends on factors such as experience, location, and the specific industry you work in will all play a role in how much you can earn with an MBA in Data Analytics.
However, the average salary for MBA in Data Analytics graduates is Rs.15,00,000 per annum.
So, if you’re looking to make a difference in the world of data analytics and earn a great salary, an MBA in Data Analytics is the way to go!
Conclusion
The MBA in Data Analytics is a relatively new program that is growing in popularity. The scope of the program is very broad, covering everything from data mining to predictive analytics. Salaries for graduates of the program are very good and are only expected to grow as the demand for data analytics increases. If you have found your answer to pursuing a career in MBA in Data Analytics, be sure to like and comment on this article.
