Business Analytics

Working as a Business Analyst involves analyzing an organization's operations and proposing changes in an effort to increase productivity and profitability. In a variety of business analyst roles, a novice can anticipate making between INR 2 and 4 Lacs annually. In India, some of the most common job profiles for Business Analysts along with their estimated salary structure are:Job ProfileAverage Annual Salary (in INR)Data Business AnalystINR 4.7 lakh to INR 6.5 lakh Associate Business AnalystINR 4.2 lakh to INR 5.4 lakhFinancial Business AnalystINR 5.6 lakh to INR 6.9 lakhIT Business AnalystINR 6.6 lakh to INR 7.5 lakhHealthcare Business AnalystINR 5.7 lakh to INR 6.9 lakhBusiness Intelligence ManagerINR 7.2 lakh to INR 8.1 lakh

The MBA Business Analytics programme at IILM University places a strong emphasis on equipping students with the skills and knowledge necessary to excel in the field of business analytics. The key focus areas for students in this programme include:Data-Driven Solutions to Business Problems in Different Settings: Students are trained to harness the power of data to solve complex business problems across various industry sectors. They learn to leverage data-driven insights for making informed decisions.Bridge Business Problems with Analytical Solutions: This focus area involves teaching students how to identify, analyze, and address real-world business challenges using analytical tools and methodologies.Data Warehousing: Students gain expertise in data warehousing, which is crucial for managing and organizing large volumes of data for analysis and reporting.Statistical Literacy: Statistical literacy is an essential component of the program, ensuring that students have a solid foundation in statistical concepts and methods for data analysis.Data Science: Students are exposed to the field of data science, which encompasses a wide range of techniques and tools for data analysis, predictive modeling, and machine learning.Electives further enhance the program's focus by allowing students to specialize in specific areas of business analytics, including:Advanced Statistics: This elective delves deeper into statistical methods and techniques, providing students with a more comprehensive understanding of statistical analysis.Big Data Analytics: Students explore the challenges and opportunities associated with big data, including tools and techniques for processing and extracting insights from large datasets.Operations Database Management: This elective focuses on the management of databases and data systems critical for efficient business operations.Business Intelligence: Students learn how to leverage business intelligence tools and technologies for data visualization and reporting.AI and ML for Business Application: This elective introduces students to the practical applications of artificial intelligence (AI) and machine learning (ML) in business settings.ML for Data Science: Students gain a deeper understanding of machine learning algorithms and their relevance in data Science and analytics.Data Visualization: Data visualization is a key component of business analytics, and this elective focuses on creating effective and meaningful visual representations of data.These focus areas and electives collectively prepare students in the MBA Business Analytics programme at IILM University to become well-rounded professionals who can leverage data and analytical tools to drive informed decision-making and create value in various industries.