MBA in Data Science Course: Admission 2024, Fees, Syllabus, Exams, Top Colleges & Career
Vikram SinghAssistant Manager - Content
The MBA in Data Science is rapidly becoming a highly coveted specialization in management to leverage data effectively in a business context. As industries increasingly adopt technology and scientific methods for their operations, the ability to assess and manage data has become crucial. This professional program equips individuals with the skills to drive business innovations through data.
Data science merges various disciplines, including Statistics, Mathematics, Information Science, Computer Science, Artificial Intelligence, and Machine Learning. This makes the MBA in Data Science particularly suitable for those with an Engineering or Technical background.
By 2025, it's projected that the world will generate 463 exabytes of data daily, highlighting the growing demand for skilled data science experts and managers. Key sectors offering career opportunities in Data Science include IT, e-commerce, Healthcare, Manufacturing, and BFSI (Banking, Financial Services, and Insurance). This article provides comprehensive details about the MBA in Data Science, including eligibility criteria, admission processes, course content, syllabus, top colleges, career prospects, potential salaries, and recruiters.
Also Read: Data Science – Career & Future Scope
- What is Data Science?
- MBA in Data Science Highlights
- Explore and Compare Top Data Science Courses in the World
- MBA in Data Science Eligibility Criteria
- MBA in Data Science Skill Set
- MBA in Data Science Entrance Exams & Admission
- MBA in Data Science Syllabus
- Top MBA in Data Science Colleges in India
- MBA in Data Science Career Prospects: Jobs and Salary
- Check out data science interview questions to ace the interview round.
- MBA in Data Science: Top Recruiters
- MBA in Data Science FAQs
What is Data Science?
Data science transforms vast amounts of data into actionable insights and informed predictions. It's the art of deciphering complex data sets to guide decision-making and forecast future trends.
Imagine data science as a form of investigative work. Data scientists gather, scrutinize, and interpret data to uncover answers to critical questions. Their analyses range from identifying consumer purchasing trends to detecting health-related patterns that could aid in disease prevention.
At its core, data science aims to mine data for valuable insights, enabling informed decisions based on predictive analysis. This rapidly evolving field is pivotal across various sectors.
Data science encompasses several key activities, including:
- Define the Problem
- Collect and Clean Data
- Explore and Visualize Data
- Model and Analyze Data
- Communicate Result
- Implement and Evaluate Result
Also Read:
MBA in Data Science Highlights
Given below are the key highlights of the MBA in Data Science course:
Features |
MBA in Data Science Details |
---|---|
Degree Name |
MBA in Data Science |
Degree Type |
Postgraduate |
Course duration |
2 years |
Education modes |
Full-time, part-time, online and distance learning modes |
Eligibility criteria |
Bachelor’s degree in any stream |
Admission process |
Entrance exam + GD/PI |
Course fee |
INR 1 lakh to INR 15 lakh and above |
Average salary |
INR 8 Lakh Per Annum (LPA) |
Job profiles |
Risk Analyst, Business Analyst, Data Analyst, Data Scientist, Stock Analyst, Project Manager |
Explore and Compare Top Data Science Courses in the World
MBA in Data Science Eligibility Criteria
- The basic eligibility criteria to pursue an MBA in Data Science is graduation. However, since Data Science is all about data crunching, having an academic background in Mathematics, Statistics, Information Science, Computer Science, Artificial Intelligence and Machine Learning will be valuable.
- Some of the MBA programs in data science colleges have minimum score criteria of 50 percent aggregate in graduation.
MBA in Data Science Skill Set
Apart from academic eligibility, one must have a flair for Data Science, as it is a niche and a highly specialised field. Some of the skill sets, one must possess for an MBA in Data Science are listed below:
- Strong base in Mathematics and Statistics
- Analytical thinking
- Critical thinking
- Interpretive skills
- Communication skills
- Problem-solving skills
- Team management
- Decisive
- Adaptive
- Eye for detail
MBA in Data Science Entrance Exams & Admission
The MBA in Data Science admission process include an entrance exam, Group Discussion (GD) and Personal Interview (PI). Given below are some of the top national-level MBA entrance exams for MBA in Data Science:
Entrance Exams for MBA in Data Science |
|
---|---|
Admission process of MBA in Data Science course is same as the MBA General course. The institutes shortlist candidates for Group Discussion (GD) and Personal Interview (PI) on the basis of an entrance exam score. Admission criteria includes academic record (class 10, 12 & graduation), entrance exam score, performance in the GD/PI round and work experience (not mandatory).
MBA in Data Science Syllabus
The MBA in Data Science syllabus includes general management subjects, business analytics and technical topics such as Machine Learning, Spreadsheet Modelling, Data Visualisation, etc. Given below are the topics commonly included in the MBA in data science course:
Syllabus for MBA in Data Science |
|
---|---|
Semester I |
Semester II |
Business Communication |
Corporate Finance |
Managerial Economics |
Human Resource Management |
Financial Accounting |
Operations Management |
Marketing Management |
Statistical Modelling |
Organisational Behaviour |
Data Visualisation |
Statistics for Business: Decision Science I |
Spreadsheet Modelling II |
Introduction to Business Analytics |
Introduction to Machine Learning |
Spreadsheet Modelling I |
-- |
Semester III |
Semester IV |
Advanced Machine Learning |
Supply Chain Analytics |
Natural Language Processing |
HR Analytics |
Web & Social Media Analytics |
Marketing Analytics |
Finance and Risk Analytics |
Capstone Project |
Healthcare Analytics |
-- |
Deep Learning I |
-- |
Also Read:
- Top 6 Courses in Data Science
- Era of Advanced Computing - Artificial Intelligence, Cyber Security & Forensics, and Data Science
Top MBA in Data Science Colleges in India
Given below are some of the popular colleges in India offering an MBA in Data Science programme along with the course fee:
MBA in Data Science Colleges |
MBA in Data Science Course Fee (INR) |
---|---|
4.50 lakh |
|
5.25 lakh |
|
12.20 lakh |
|
16.29 lakh |
|
24.00 lakh |
|
15.98 lakh |
|
2.75 lakh |
|
4.00 lakh |
|
1.20 lakh |
|
18.07 lakh |
Also Read:
- Premium Institutes offering MBA in Business Analytics & Data Science in East India
- Premium Institutes offering MBA in Business Analytics & Data Science in West India
- Premium Institutes offering MBA in Business Analytics & Data Science in North India
- Premium Institutes offering MBA in Business Analytics & Data Science in South India
- List of Data Science and Big Data Analytics Colleges in India
MBA in Data Science Career Prospects: Jobs and Salary
Data Science jobs are highly responsible roles that require excellent analytical and data interpretation skills and knowledge of the latest technology and tools. Since it is a highly specialised job and critical to the good health of a business enterprise, the remuneration offered is also high. Given below are the Data Science job roles and average salaries:
MBA in Data Science Job Roles |
MBA in Data Science Average Salary (INR) |
---|---|
Data Science Manager |
21 LPA |
Data Architect |
19 LPA |
Product Manager |
17 LPA |
Data Science Consultant |
10 LPA |
Data Engineer |
8.38 LPA |
Product Analyst |
6.20 LPA |
Business Intelligence Analyst |
5.94 LPA |
Operations Research Analyst |
4.00 LPA |
Clinical Data Analyst |
3.50 LPA |
Check out data science interview questions to ace the interview round.
MBA in Data Science: Top Recruiters
The demand for MBA in data science graduates is high in sectors such as e-commerce, manufacturing, healthcare, banking and finance, transport and information technology. Some of the top recruiters are listed below:
Top MBA in Data Science Recruiters |
|
---|---|
1. Amazon |
2. IBM |
3. Deloitte |
4. Accenture |
5. Fractal Analytics |
6. Citrix |
7. LinkedIn |
8. Myntra |
9. MuSigma |
10. Dexlock |
11. Flipkart |
12. Rudder Analytics |
Also Read:
- Advance Your Career through a Post Graduate Course in Data Science
- Data Science Career Opportunities - Data Science Job Opportunities in Top Companies
- First Hand Account of Internship in Data Science
- Why is Data Science a Hot Career for Students?
Check out data analytics interview questions to ace the interview round.
MBA in Data Science FAQs
Q: Which are the top B-Schools for MBA in Data Science?
Q: What is the eligibility criteria for MBA in Data Science?
Q: What is taught in MBA in Data Science?
Q: What are the job roles offered to MBA in data science graduates?
Q: Which companies hire MBA in Data Science degree holders?
Q: What is the admission process for MBA in Data Science?
Q: What is the average fees of MBA in Data Science course in India?
Q: I want to pursue MBA in Data Science. Do I need to clear an entrance exam for it?
Q: Does IIM offer MBA in Data Science?
Q: What is the course duration of MBA in Data Science?
Q: I have a BTech Computer Science degree, can I go for MBA in Data Science?
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The key highlights of IIT Mandi placements for MBA in Data Science and Artificial Intelligence Class of 2024 are tabulated below:
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---|---|
Number of students sitting for campus placement | 31 |
Number of students placed | 13 |
Median package | INR 13.5 LPA |
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