Executive Diploma in Business Analytics

Last Updated on July 29, 2023 by Vishnu Nambiar

Have you completed Bachelor’s Degree course? Are you interested in pursuing a good Business Analytics course? If yes, this article will be of help to you. Here, we will have an in-depth analysis of Executive Diploma in Business Analytics course.

  How’s this article of help to me, you may ask. Here, you will find everything you need to know about Executive Diploma in Business Analytics. This article covers topics such as – program details, duration, eligibility, colleges, syllabus, fees, careers and salary.   It is a job oriented PG Diploma program. Business Analytics has got immense scope and potential. If you are interested in Executive management courses, this academic program will be of help to you!   Business Analytics has gained huge popularity in the recent past. It is not uncommon to see Bachelor’s Degree holders going for job oriented Business Analytics programs.   Business analytics plays an important role in the growth of a company or business. It primarily deals with the collection and analysis of business data. The disseminated data is used to analyze the company’s performance. It also helps them to plan and strategize for the challenges that lie ahead.   If you are already working in a corporate setup and want to acquire business analytics skills, you may rely on Executive Diploma in Business Analytics program.   Bachelor’s Degree holders have access to a handful of Business Analytics programs. Some such notable courses are –

• MBA in Business Analytics
• PG Diploma in Business Analytics
• M.Sc./MS in Business Analytics

Apart from the above mentioned programs, there also exists Executive MBA (EMBA) programs related to business analytics. Executive Diploma in Business Analytics is one such course.   Here’s an overview of the course –

• Name of the course: Executive Diploma in Business Analytics
• Type of course: PG Diploma course
• Duration: 1 year (may vary from one institute to another)
• Eligibility: Completed Bachelor’s Degree (work experience may also be required)

What is business analytics all about? What’s the scope associated with this field? What is it like to become an analytics professional? You will find answers to these questions in the next section. Here they are –

Business Analytics: Basic Details

Business Analytics is based on data and statistical methods. It focuses on using a set of metrics to investigate an organization’s/a business’ past performance in order to gain valuable insight and carry out business planning (for the future).   In simple terms, it is all about exploring and inspecting the data (from past) and using it to formulate plans for the future! It may sound simple, but analytics is a complex and diverse field. It is made up of the following domains –

• Decision analytics
• Descriptive analytics
• Predictive analytics
• Prescriptive analytics

Business Analytics course trains students in the above mentioned areas. The course trains students and turns them into skilled business analytics professionals.   Come, let us take a closer look at the course details. Here they are –

Course Details

Type of course

Technically, it is a postgraduate level Diploma course.

Duration

Program’s duration may vary from one institute to another. Generally, it is around 12 months long.

Eligibility

Completed Bachelor’s Degree course from a recognized University/Institute. Some institutes also need applicants to have adequate work experience.

Colleges

There exists many Government and Private colleges across India offering this course. Government colleges charge relatively lower fees than their private counterparts.   Some of the notable Colleges are –

• IIMs
• XLRI
• Jamnalal Bajaj Institute of Management Studies
• SIBM

Admission Process

Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates. Also check – Executive Diploma in Marketing.   Some other institutes are also known to conduct direct as well as donation based admission process.

Syllabus

• Organizational behaviour
• Principles of Management
• Business Communication
• Marketing Management
• HR management
• Finance management
• Business Modelling
• Data Environment
• Operations management
• Data management
• Business analytics
• Business intelligence
• Data visualization
• Programming for analytics
• Predictive analytics
• Big data analytics
• Business laws
• Data mining

Fees

Fees charged for the academic program may vary from one institute to another. Course fees depends upon the following factors –

• Type of institute (Government, Private, Aided etc)
• Location of the college
• Status and rating of the college
• Scholarship status (of student, if applicable)

Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 80-150K INR per semester. Also check – management courses in India.

You may also check –

MBA entrance exams in India

Career Prospects

Business analytics professionals have ample job opportunities available in front of them. Some of the well known recruiters are –

• MNCs
• Retailers
• Manufacturers
• IT firms
• Telecom companies
• E-Commerce firms
• Consultancies
• Business Analytics and Intelligence firms

In the above mentioned firms, business analytics professionals may don the following roles –

• Business analyst
• Business strategist
• Data analyst
• Project manager
• Data mining specialist
• Data warehousing specialist

Salary

Starting salary of a Business Analyst manager depends upon a number of factors. Some of the prominent factors are –

• Institute from which the candidate completed the course
• Level of education (UG, PG etc)
• His/her specialization
• The domain he/she has chosen
• Job location

On an average, starting salary could be anywhere between 60-80K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.