Can a Course in Business Analytics Carve the Right Career for you?

Most notable polls and analyses show thatbusiness analytics and data science are new technologies that are expected to grow at a rate that is “far beyond conception.” Business Analytics is an example of a tool that aids in the creation of a clear picture from data and the making of business choices. A course in business analytics and data science is no less than a gift to students striving for a fast-track and future-proof career in such a setting.

Business analytics is a rapidly expanding field for a variety of reasons. One of them is that it has proven to be effective in assisting both large and small organizations with transformation and growth. The majority of it can be attributed to corporate decisions, for which business analytics is the tool. One of the reasons for the usage of Business Analytics in the modern data-driven world is that when it is incorporated into the data, the complexity that occurs in understanding the data is considerably reduced.

Wondering if a course in Business analytics carves the right career path for you, the answer to it is a definite yes. Business analytics provides a variety of job opportunities and paves the road for prospective career advancement. In this age of severe competition, students who want to stay ahead of the pack will almost certainly secure a coveted job after completing such an exclusive curriculum that covers business analytics studies comprehensively.

To understand why Business analytics is the most-demanded profession in this modern era, let us consider a few verticals:

Growth Prospects for Business Analytics

The global business analytics market was valued at USD 67.92 billion in 2019 and is expected to grow to USD 103.65 billion by 2025. It simply indicates a staggering Compound Annual Growth Rate (CAGR) of 7.3 percent in just five years, which is nothing short of incredible. The biggest contributors to the growth of business analytics are giant companies like Microsoft, Oracle, IBM, SAP, and SAS.

Job Market: According to a Forbes report, organizations will require analysts to analyze approximately 150 trillion gigabytes of data by 2025. As previously indicated, global market revenue is expected to exceed USD 100 billion. This entire equation clearly indicates that the demand for business analysts will increase dramatically in the near future.

High remunerations or Salary Packages: Salaries have risen in line with the opportunities in the field of Business Analytics over time. According to Glassdoor.com, the average compensation for a business analyst in India is INR 7,00,000 per year. It rises as one’s years of experience increase. Professionals with 10–15 years of experience are eligible for a salary of $12,000 to $13,000 per year.

Getting started on the road to a successful career: Business analytics plays a critical role in generating career possibilities in a variety of fields. As a result, if you have the necessary knowledge and skills, you will be able to find work in a variety of fields. Business Analytics abilities, in particular, will qualify you for positions such as Data Analyst, Data Scientist, Business Analytics Manager, Quantitative Analysts, Product Managers, Scrum Masters, and so on.

If you are a beginner fresh out of college and contemplating career prospects with an interest in data and analytics, gearing yourself with a post graduate in Business Analytics will be the most appropriate course for you.

To be a Business Analyst one must-have competencies of the skills:

• Commercial awareness is important.
• Interpersonal and communication abilities
• Skills in time management and organization
• Skills in problem-solving
• Skills in analysis
• Management and leadership abilities
• Interest in project management methodologies and computing systems, as well as a working knowledge of them

Apart from these, there are key technical skills potential professionals must be adept at:

• Software for statistical analysis (e.g. R, SAS, SPSS, or STATA)
• Databases and querying languages based on SQL
• Programming languages- Python and R
• Software for surveying and querying
• Software for business intelligence and reporting
• Exploration of data
• Visualization of data
• Design of the database

Let us delve into the intricacies of why a PG in business analytics course can be highly beneficial for students:

The PGP in Business Analytics study and certification courses are gaining popularity among professionals. The benefits of the Business Analytics program have fascinated everyone. Improved skill sets, hands-on experience with modern business analytics methodologies, learning through clear theoretical principles, and new data software are among them. Notably, the abilities acquired have allowed professionals to work for top-tier businesses. The sectors have reached new heights with the correct source of insight, commitment, aptitude, and caliber.

A post graduate in business analytics program teaches you about using methodologies and analytical tools to engage with complicated data in order to improve business performance. A well-formulated PG in business analytics course is aimed to assist students in gaining the necessary skills and credentials to pursue a career in business analytics. Learners will increase their employability skills by learning the experience needed to analyze data, improve decision-making, improve critical thinking, and assist companies in achieving a competitive advantage by completing this program.

In brief, PG program in Business analytics will give you access to learning the following skills:

• In-depth data interpretation and analysis training to make well-informed decisions.
• Big Data Analysts, Business Analysts, and Data Specialists all need industry-relevant expertise.
• In-depth understanding of Big Data platforms in accordance with industry standards.
• Training in the most popular programming languages, such as R, SAS, and Tableau, is available.
• Training on data analysis tools such as Hadoop, Map Reduce, YARN, Hive, Pig, and others.
• Working on integrated initiatives to tackle Business Analytics difficulties requires training.
• Providing clever data analysis skills and knowledge, as well as preparing students to obtain numerous international certifications in the field of analytics.

Upon successful completion of a PGP in Business Analytics, students may venture into the following job positions:

• Data Analyst
• Solutions Analyst
• Business Analyst
• Data Engineer
• Big Data Analyst
• Machine Learning Engineer
• Data Scientist
• Marketing Analyst
• MIS Consultant
• HR Analyst
• Data Visualisation Consultant
• Fraud Analyst

Numerous institutes now provide Business analytics courses, each outlining their own requirements. Enrolling in a PG program, however, requires certain credentials to be fulfilled by potential learners. Typically the eligibility across various institutes demands:

• Mathematics or Statistics as a subject in Class XII or graduation with at least 50% marks are required.
• Bachelors in Engineering (10+2+4) or Graduates in Computer Science, Commerce, or Business (10+2+3) from a recognized university (UGC/AICTE/DEC/AIU/State Government) are required for Indian participants.
• International participants must have earned a bachelor’s degree or an equivalent degree from a recognized university or institution in their home country.
• Work experience in the field of analytics for at least three years is required.
• Formal programming education and mastery of at least one programming language are required.

As businesses across the globe are increasingly becoming reliant on business analysts to steer them on the correct path and advise them on best practices to follow, choosing a career in this field is a wise choice. Machine learning, AI, and IoT have the potential to have a huge impact on businesses and generate data patterns. By 2022, more than half of the workforce will require upskilling, and up to 85% of businesses will use big data analytics. The position of a Business Analyst may evolve as a result of these changes, nevertheless, demand will continue to exist.