EDUCBA

EDUCBA

MENUMENU
  • Free Tutorials
  • Free Courses
  • Certification Courses
  • 360+ Courses All in One Bundle
  • Login

Career in Business Analytics

By Priya PedamkarPriya Pedamkar

Home » Data Science » Data Science Tutorials » Data Analytics Basics » Career in Business Analytics

Career In Business Analytics

Career in Business Analytics

Business analytics involves working with large sets of data, this data can be of varied nature like- consumer preferences, what they like-dislike, their buying patterns, and so on. It is used by almost all industries like Banking, telecommunications, FMCG, IT, Auto ancillary, Insurance and so.

Companies use various statistical and empirical models to derive meaningful conclusions from the data so that it can be used for long term strategic business decision.

Start Your Free Data Science Course

Hadoop, Data Science, Statistics & others

The success of a business depends on its ability to filter through tons of data and derive meaningful and useful inferences from it

Data forms the fundamental crux on which long term decisions are taken by the company, below is the list of some top schools abroad and in India known for business analytics

Abroad

  1. MIT Sloan School of Management, USA
  2. Imperial college of business school, UK
  3. University of Texas- Austin McCombs School of Business
  4. ESSEC, Paris
  5. ESADE, Spain

Source – https://www.topuniversities.com/university-rankings-articles/world-university-rankings-masters-business-analytics/top-10-universities-masters-business-analytics-degrees

India

  1. Amity Business School
  2. MIT world peace university
  3. Lovely professional university
  4. Narsee Monjee Institute of management
  5. Welingkar Institute of management

Source- https://bschool.careers360.com/colleges/list-of-business-analytics-colleges-in-india

Education Requirement for Career In Business Analytics

To pursue a career in business analytics and to be eligible to study it, a graduation is a must, preferably in Finance, Engineering, Economics, IT or any other relevant degree.

Some universities do prefer students who have some prior work experience but it is not mandatory. And depending on university various entrance exams will have to be given like GMAT, GRE, CAT, NMAT. It is always best to narrow down a few universities that one is interested in and be aware of the prerequisites for that particular university.

Popular Course in this category
Business Analytics Training (14 Courses, 8+ Projects)14 Online Courses | 8 Hands-on Projects | 88+ Hours | Verifiable Certificate of Completion | Lifetime Access
4.5 (6,098 ratings)
Course Price

View Course

Related Courses
Data Scientist Training (76 Courses, 60+ Projects)Machine Learning Training (17 Courses, 27+ Projects)Cloud Computing Training (18 Courses, 5+ Projects)

Career Path and Job Position

As I mentioned in the introductory paragraph, business analytics is used by various types of industries and hence a degree in business analytics opens up doors to various industries, this is very beneficial and helpful to a person who is looking to shift industries from his existing industry and explore other industries

The skills acquired enable an individual to choose the industry and company of his/her choice and give them a lot of flexibility in choosing their employer.

Moreover, after a few years once a person gathers sufficient experience, he will have plenty of opportunities for growth in form of better pay and job status because the skills acquired will be applicable for various firms.

Below are some of the reasons for studying and pursuing a career in business analytics

  • Make a better business decision: When a business is able to get hold of good quality data it can leverage it to its advantage and take accurate decisions
  • Solid understanding of statistical theories: Business analytics will make your quantitative skills very strong, one will build a good understanding of statistical theories like Hypothesis testing, probability, linear and multilinear regression, econometrics
  • Strong knowledge of technical skills: One will become well versed in programming languages like R, Advanced Excel, Python, SQL. One needs a good understanding of one or more of these languages as they assist in filtering large tons of data and making work much easier
  • Achieving cost saving for the organization by drawing meaningful inferences from data
  • Being at the forefront of the industry by analyzing meaningful trends from data
  • Aligning operations of the organizations with its strategic objectives
  • Easy availability of data: With massive growth and development in the technology sector along with an introduction of social media platforms like Facebook, Twitter and WhatsApp there is tons of data that is available cheaply; this is much more efficient than traditional means of collecting and collating data

Career Positions and Options in Business Analytics

After completion of a business analytics degree, it is expected that a person can quickly sift through and analyze tons of data and come up with a meaningful pattern and trend that can help the company grow its revenue and achieve its strategic goals. Below is a list of potential positions that a candidate can opt to pursue his or her career in

  • Business intelligence analyst
  • Business insights analyst
  • Business analyst
  • Commercial insights manager
  • Data science manager
  • Data engineer
  • Risk analyst
  • Data analyst

As we can see from above, it is a very diverse list and such positions are there for various companies across different industries. This more or less guarantees that a person will land up with a job after completion of this degree

Salary (US Data)

Position Salary
Entry Level Business Systems Analyst $56,043
Intermediate Level Business Systems Analyst $71,865
Senior Business Systems Analyst $86,635
Expert Business Systems Analyst $100,312
Business Systems Analyst- Consultant $113,202
Entry Level Business Data Analyst $54,272
Intermediate Level Business Data Analyst $70,123
Senior Business Data Analyst $87,713
Business Process Consultant $106,234
Business Development Director $170,307

source- https://www.zippia.com/research/business-analyst-salary/

Career Outlook in Business Analytics

As per data obtained from US Bureau of Labour statistics, the hiring of individuals who have done business analytics is expected to grow approximately 14% from 2014-2024, that is 14% increase in the span of just 10 years. This clearly indicates that demand for a business analyst is high and this is the course to do for the young generation who want to step into the corporate world

Conclusion

Hence I would like to conclude this article by stating that business analytics is a process of methodical exploration and study of data aided by statistical tools.

  • Companies need a business analyst to make strategic decisions by studying and filtering the heaps of data.
  • Companies using data to formulate strategies and study market trends treat their data as a corporate asset and try leveraging it for growth and revenue generation.

And lastly, successful business analytics depends on the quality of data, (data should come from reliable sources and not be manipulated), skills of the business analyst who has a strong understanding of technology and business and an organization committed to data have driven decision making

Recommended Articles

This has been a guide to Career in Business Analytics. Here we have discussed the Education, Career Path in Business Analytics, Job Position, Salary, and Career Outlook in Business Analytics. You may also look at the following article to learn more-

  1. Career In Cloud Computing
  2. Career In DevOps
  3. Career in Oracle
  4. Career In CSS

Business Analytics Training (14 Courses, 8+ Projects)

14 Online Courses

8 Hands-on Projects

88+ Hours

Verifiable Certificate of Completion

Lifetime Access

Learn More

1 Shares
Share
Tweet
Share
Primary Sidebar
Data Analytics Basics
  • Basics
    • What is Natural Language Processing
    • What Is Apache
    • What is Business Intelligence
    • Predictive Modeling
    • What is NoSQL Database
    • Types of NoSQL Databases
    • What is Cluster Computing
    • Uses of Salesforce
    • The Beginners Guide to Startup Analytics
    • Analytics Software is Hiding From You
    • Real Time Analytics
    • Lean Analytics
    • Important Elements of Mudbox Software
    • Business Intelligence Tools (Benefits)
    • Mechatronics Projects
    • Know about A Business Analyst
    • Flexbox Essentials For Beginners
    • Predictive Analytics Tool
    • Data Modeling Tools (Free)
    • Modern Data Integration
    • Crowd Sourcing Data
    • Build a Data Supply Chain
    • What is Minitab
    • Sqoop Commands
    • Pig Commands
    • What is Apache Flink
    • What is Predictive Analytics
    • What is Business Analytics
    • What is Pig
    • What is Fuzzy Logic
    • What is Apache Tomcat
    • Talend Data Integration
    • Talend Open Studio
    • How MapReduce Works
    • Types of Data Model
    • Test Data Generation
    • Apache Flume
    • NoSQL Data Models
    • Advantages of NoSQL
    • What is Juypter Notebook
    • What is CentOS
    • What is MuleSoft
    • MapReduce Algorithms
    • What is Dropbox
    • Pandas.Dropna()
    • Salesforce IoT Cloud
    • Talend Tools
    • Data Integration Tool
    • Career in Business Analytics
    • Marketing Analytics For Dummies
    • Risk Analytics Helps in Risk management
    • Salesforce Certification
    • Tips to Become Certified Salesforce Admin
    • Customer Analytics Techniques
    • What is Data Engineering?
    • Business Analysis Tools
    • Business Analytics Techniques
    • Smart City Application
    • COBOL Data Types
    • Business Intelligence Dashboard
    • What is MDM?
    • What is Logstash?
    • CAP Theorem
    • Pig Architecture
    • Pig Data Types
    • KMP Algorithm
    • What is Metadata?
    • Data Modelling Tools
    • Sqoop Import
    • Apache Solr
    • What is Impala?
    • Impala Database
    • What is Digital Image?
    • What is Kibana?
    • Kibana Visualization
    • Kibana Logstash
    • Kibana_query
    • Kibana Reporting
    • Kibana Alert
    • Longitudinal Data Analysis
    • Metadata Management Tools
    • Time Series Analysis
    • Types of Arduino
    • Arduino Shields
    • What is Arduino UNO?
    • Arduino Sensors
    • Arduino Boards
    • Arduino Application
    • 8085 Architecture
    • Dynatrace Competitors
    • Data Migration Tools
    • Likert Scale Data Analysis
    • Predictive Analytics Techniques
    • Data Governance
    • What is RTK
    • Data Virtualization
    • Knowledge Engineering
    • Data Dictionaries
    • Types of Dimensions
    • What is Google Chrome?
    • Embedded Systems Architecture
    • Data Collection Tools
    • Panel Data Analysis
    • Sqoop Export
    • What is Metabase?

Related Courses

Data Science Certification

Online Machine Learning Training

Cloud Computing Certification

Footer
About Us
  • Blog
  • Who is EDUCBA?
  • Sign Up
  • Corporate Training
  • Certificate from Top Institutions
  • Contact Us
  • Verifiable Certificate
  • Reviews
  • Terms and Conditions
  • Privacy Policy
  •  
Apps
  • iPhone & iPad
  • Android
Resources
  • Free Courses
  • Database Management
  • Machine Learning
  • All Tutorials
Certification Courses
  • All Courses
  • Data Science Course - All in One Bundle
  • Machine Learning Course
  • Hadoop Certification Training
  • Cloud Computing Training Course
  • R Programming Course
  • AWS Training Course
  • SAS Training Course

© 2020 - EDUCBA. ALL RIGHTS RESERVED. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS.

EDUCBA Login

Forgot Password?

EDUCBA
Free Data Science Course

Hadoop, Data Science, Statistics & others

*Please provide your correct email id. Login details for this Free course will be emailed to you
Book Your One Instructor : One Learner Free Class

Let’s Get Started

This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy

EDUCBA

*Please provide your correct email id. Login details for this Free course will be emailed to you
EDUCBA
Free Data Science Course

Hadoop, Data Science, Statistics & others

*Please provide your correct email id. Login details for this Free course will be emailed to you

Special Offer - Business Analytics Training (14 Courses, 8+ Projects) Learn More