Careers in Business Analytics and Data Science

Tuesday, January 7th, 2020


Business Analytics

Introduction to Business Analytics and Data Science

Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. Business analytics makes extensive use of analytical modeling and numerical analysis, including explanatory and predictive modeling, and fact-based management to drive decision making. It is therefore closely related to management science.

Data Science is a detailed study of the flow of information from the colossal amounts of data present in an organization’s repository. It involves obtaining meaningful insights from raw and unstructured data which is processed through analytical, programming, and business skills. As per surveys, 91% of companies are looking to expand data science expertise. Over the coming years, more than 10 Billion Dollars are supposed to be poured into data science.

Who should pursue careers in Business Analytics and Data Science

While learning Business Analytics and Data Science would help any professional, there are a few fields where the advantages would be more apparent. Especially if you are someone who has 2 to 5 years of work-ex. Here are some backgrounds that are more suited to the field of data science than others.

  • IT Professionals
  • Professionals with a background in statistics
  • Professionals planning to add analytics / Big Data to their resume
  • Management Consultants (or those planning to build a career in that)
  • Business Managers with a technical background

5 Mock Tests for PGDBA

a) The mock tests are in the latest pattern
b) They include questions in the same ratio as the actual paper
c) They include questions on advance math topics
d) All questions come with answers and detailed explanations


How to Begin a Career in Data Science?

I found this really interesting podcast/webinar on the topic. It addresses the following questions:

  • What are the skills needed to be successful in data science – soft skills and hard skills?
  • How does one assess if one is suitable for a career in data science?
  • How does one embark on the data science journey?

Two respected professionals from the industry conducted this.

Shivaram KR,
Co-Founder & CEO – Curl Analytics
BE (ECE) RVCoE, MTech (Control & Automation) IIT Delhi

Charanpreet Singh,
Director – Praxis Business School
B.Tech (Mech) IIT Kanpur, MBA University of Iowa

It is around an hour long. Please do give it a listen.

Key Programs in Business Analytics and Data Science

While I am in no position to issue any sort of rankings, I looked at some of the important ones. Given below are some of the key programs in no particular order.

1) PGDBA by IIT KGP, IIM-C, ISI

Eligibility:
Graduate/post-graduate degree:10+2+4/10+2+5/10+2+3+2 with a Minimum of 60% marks or CGPA 6.5 on a 10-point scale in the Qualifying Degree (i.e. B. Tech./ B.E./ M.Sc./ M.Com or equivalent).

Fees: Rs 20 lakhs

Where to apply: http://www.pgdba.iitkgp.ac.in/index.php

5 Mock Tests for PGDBA

a) The mock tests are in the latest pattern
b) They include questions in the same ratio as the actual paper
c) They include questions on advance math topics
d) All questions come with answers and detailed explanations


2) PGP in Data Science by Praxis Business School

Eligibility:

Minimum of 60% in their class X, XII and Graduation: BE/BTech/ME/MTech / MBA/PGDM / BA/MA / BSc/MSc

Fees: Rs 6,05,300

Where to apply: https://praxis.ac.in/Programs/business-analytics/

3) AMPBA by ISB

Eligibility:

An undergraduate/graduate degree in Engineering, Computer Science, Information Systems, Mathematics, or Statistics, or an equivalent qualification in any quantitative discipline.

The overall experience of at least two years; however, for profiles with exceptional academic qualifications, the experience criterion maybe waived.

Fees: Rs 9,15,000 plus GST @ 18%

Where to apply: https://www.isb.edu/lp/cee/ampba/

I hope you found this post helpful. Do remember to share it with your friends.

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