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A two-year postgraduate management program is the Post Graduate Diploma in Management (PGDM), also known as Business Intelligence Data Analysis (BIDA), is a two-year postgraduate management program. According to research conducted by the research firm, about 1.5 million additional analytical candidates will be required for different managerial posts. Organizations utilize an assortment of talents, technology, systems, and procedures to acquire statistical insight, which is known as “data analytics.” These findings can be used in decision-making in a wide range of functional areas and industries.
The discipline of management entails the examination and understanding of existing data in order to gain insight for future business strategy and goal strategy and execution. Business analytics aids in the optimization of operations, the increase of income by saving time and money, the improvement of customer relations, and the anticipation of future market trends, allowing for correct strategic decisions and business strategies. They share the same beliefs that business analytics provides training and information for developing abilities in developing future business plans and strategies based on accurate data analysis. The average annual salary for a business analyst ranges from Rs. 8 lakh to Rs. 10 lakh.
Enrollment to PGDM Business Analytics programs is through the common aptitude exam (CAT), which is administered by prestigious institutions such as the Indian Institutes of Management. XAT, MAT, GMAT, NMAT, and other entrance exams are also accepted. Potential candidates are chosen for individual interviews or group talks based on their exam results on the applicable exams. Students are admitted to the course after passing all of the rounds. The standard admission method for PGDM Business Analytics is described here.
Even ten years ago, the workplace world was completely different than it is today. What started as digital advertising, online payments, and communications systems ten years ago has now come to a close. Data collected over the previous 10 – 20 years became a valuable resource for providing a good service.
Postgraduate Diploma in Management in Business Analytics is the main module of PGDM Business Analytics. The course will take two years to complete. This course requires a Bachelor’s degree from any discipline. Enrollment to the PGDM business analytics program is merit-based as well as state or national entrance exams. The fees for PGDM in Business Analytics range from INR 1- 10 lakh per year. Amazon, HCL, Wipro, JSW Steel, IBM, Dell, and others are among the top employers. The average yearly pay for a PGDM Business Analytics is between INR 5- 12 lakh.
The All India Council of Technical Education and the Association of Indian Universities both recognize colleges that provide the PGDM Business Analytics program. The PGDM degree is equivalent to an MBA degree in the latter situation. The following are the main subjects to consider as you learn more about the curriculum:
Companies use a set of talent, resources, systems, and procedures called PGDM Business Analytics to gain data-driven insights. These outcomes of the course can be used to assist decision-making in areas such as finance, marketing, and management. Someone engaged in the creation, development, tracking, and measurement of the performance of a data analysis strategy should pursue a PGDM in Business Analytics. The program is based on analytics as a combination of arts, science, and technology, and how it has evolved into one of the world’s most valuable aspects of technology.
The course was created by working executives and experts in the field. Its goal is to keep everything from the basics to the most advanced areas of business analytics. It is designed for skill-building training, thus most ideas will be connected to hands-on training, with detailed and comprehensive using mock datasets and actual data sets.
Aside from learning theory, the course requires students to visit multiple markets. The major objective is to improve graduates’ overall growth in order to prepare them to be world-class leaders and business executives.
Technology is pervasive in today’s world, infiltrating many fields and industries. With the use of technology, information must be gathered, processed, organized, and stored. This falls under the category of business analytics. As a result, it is currently one of the most popular courses among learners. A career in business analytics can be very lucrative and has a lot of potentials. Here are some reasons why you should focus on business analytics:
The job of PGDM Business Analyst is suitable for both freshers and experienced workers.
Individuals with an analytical mindset from any educational background who would like to create a worthwhile profession out of the PGDM Business Analytics Course are most prepared to do so.
Experts that undertake business analysis on a daily basis, such as admins, executives, and project leads.
The program is for candidates who have an understanding of the research process, are skilled with numbers, and want to improve their skills at analytics. People are interested in working in analytics and seeing science and technology firsthand. Individuals with a passion for statistics, analysis, and reasoning who are highly interested in processing and logistics
Anybody related to the planning, implementing, tracking, and evaluating the performance of Data Management strategy – or anybody else wishing to acquire new technical skills and build a career in this exciting field of business analysis – must choose the Professional Diploma in Business Analytics. As job duties become more complicated, the curriculum is appropriate for employees of all skills and specializations. Functionality is a common occurrence when working on projects with small groups. In such a case, a thorough understanding of data analysis methodologies, as well as their application, is essential. People who participated will also explore how to apply these tactics to their businesses and careers to gain sustainable competitive advantage.
Continuous improvements in technology and innovation strategies have propelled analytics to new heights. The PGDM Business Analytics education prepares students with a framework to stay up to date with industry norms. Recent grads can pursue a PGDM in Business Analytics after earning their bachelor’s degree. The PGDM Business Analytics program is extremely rewarding. The course has a large number of applicants. As a result, the degree comes at a considerable price. Before enrolling in the course, ensure that you are stable financially.
PGDM Business Analytics is a specialized program that is getting a lot of traction among students who are seeking business as a career after graduation. Throughout its program, the PGDM Business Analytics includes students at the cutting edge of technological breakthroughs all around the world. The following are some of the advantages of enrolling in the PGDM Business Analytics program:
To be admitted to a PGDM Business Analytics program, you must take an admissions test and meet the institution or college’s cutoff. Individuals should find out which admissions exams the colleges they want to apply to accept and take them. Additional PGDM Business Analytics Standardized Tests include the following:
SEMESTER I | SEMESTER II |
---|---|
Quantitative Methods | Financial Management |
Managerial Economics | Operations Management |
Management Information Systems | Human Resource Management |
Financial Accounting | Financial Analytics |
Marketing Management | Optimization Analytics |
Organisational Behaviour | Stochastic Modeling |
Statistical Analysis | Business Intelligence |
Data Modelling | Research Methods |
Managerial Communication | Computational Methods |
SEMESTER III | SEMESTER IV |
Predictive Analytics | Strategic Management |
Risk Management | Operations & Supply Chain Analytics |
Marketing Analysis | HR Analytics |
Data Mining | Big Data Analytics |
Simulation Modeling | Ethical & Legal Aspects of Analytics |
Analytics,Systems Analysis & Design | Project Management |
Industry Internship Programme | Professional Development |
Analytics Capstone Project | Elective Paper |
The best PGDM Business Analytics institutes in key major Indian cities are listed here, together with their fee structures. The following are among India’s best PGDM Business Analytics academic institutions:
College Name | Average Annual Fees |
---|---|
IIM Bangalore | 23,00,000 |
IIM Calcutta | 24,00,000 |
IIT Kharagpur | 20,00,000 |
ISI Kolkata | 10,00,000 |
Narsee Monjee Institute of Management Studies | INR 8,50,000 |
Welingkar Institute of Management | INR 1,10,0000 |
IFIM Business School | INR 8,00,000 |
Lal Bahadur Shastri Institute of Management | INR 5,84,000 |
ITM Business School | INR 4,95,000 |
Indus Business Academy | INR 4,31,000 |
Gitam School Of International Business | INR 3,00,000 |
Jagannath International Management School | INR 3,60,000 |
NIT Trichy | INR 14,01,520 |
Lovely Professional University | INR 3,04,000 |
The PGDM Business Analytics Online Educational Program is a two-year postgraduate management correspondence program. For many reasons, online PGDM Business Analytics is a beneficial study option for those who are unable to pursue a traditional PGDM Business Analytics program. The following are some of the most common points about online PGDM Business Analytics Eligibility:
The higher education institutions that provide PGDM Business Analytics via correspondence courses, as well as their fees, are listed below.
Institute Name | Fees(INR) |
---|---|
Venkateswara University, Pune | 1,40,000 |
Dr. DY Patil School of Open and Distance learning | 76,000 |
Venkateswara University, Itanagar | 24,000- 84,000 |
A business analyst’s job entails using managerial, financial, business, operations research, and supply expertise to solve organizational problems utilizing numerous data analytics techniques. The most significant aspect of the work is to recommend upcoming company activities based on real data and advanced analytics. As organizations adopt more scientific approaches to using the information to generate business decisions, business analysts are in great demand. As a result, the business analysis provides lucrative employment and income. According to the average salary, the typical starting salary for a business analyst is Rs. 10 lakh and upwards.
Job Position | Description | Average Annual Salary |
---|---|---|
Data Scientist | Examining data with data analysis tools is one of the responsibilities. By finding distinct facts and trends, the useful results they extract from raw data assist either companies or clients in making vital decisions. | INR 7 LPA |
Market Research Analyst | Planning and managing effective sales trends, analyzing the success of marketing programs and initiatives, and creating and evaluating data collection tools such as assessments, surveys, and polling data are all part of the job description. | INR 8 LPA |
HealthCare Analyst | Evaluation of medical information to strengthen the commercial side of medicine and healthcare institutions, providing status reports, implementing document procedures, and evaluating data from various sources are some of the duties. | INR 6.5 LPA |
Quantitative Analyst | Maintaining and developing economic information, integrating and sharing information with actuaries in other locations, optimizing code, and following the team’s best practices are just a few of the tasks. | INR 13 LPA |
Computer System Analysts | Ensure that almost all systems within an organization support organizational goals, determine the advantages and disadvantages of current systems, and identify areas for development are among the tasks. | INR 6 LPA |
Given living in a fast, super business world, each small- and large-scale company has realized the value of business analysts in increasing output and profit. Several data scientists companies provide solutions to other businesses through their experience in business analytics and business intelligence. The following are some of the most well-known businesses:
Mu Sigma | Gramener |
Accenture Analytics | Convergytics |
Fractal Analytics | Cartesian Consulting |
Crayon Data | Tiger Analytics |
LatentView | Bridgei2i |
AbsoluteData | Hansa Cequity |
Global Analytics | Exl Analytics |
Manthan | Brillio |
The salaries of PGDM Business Analytics experts are determined by the qualifications and abilities they have accumulated through time. The salary is also heavily influenced by the work function and duties. The following are among the career paths and their annual pay:
Job Role | Average Salary(INR) |
---|---|
Data Scientist | 6,37,000 |
Data Analyst | 3,91,000 |
Analytics Manager | 10,00,000 |
Business Analyst | 5,38,000 |
Business Analyst(IT) | 3,57,000 |
Data Architect | 7,47,000 |
Data Engineer | 4,50,000 |
In every organization, PGDM Business Analytics jobs in Delhi, Maharashtra, Bengaluru, Hyderabad, and Gurgaon have shown significant growth and are rewarding. Business analysts are now employed by a variety of industries, including the software industry, the financial markets, banks, and other financial companies. Business analytics is becoming more popular in India and around the world. Although, after successfully completing this course effectively, one can pursue a higher degree. In that situation, M.Phil. or Ph.D. management courses are the most common ones.
A higher level in the same field would not only make a person more professional, but it will also make them comprehend the subject better. The majority of businesses rely on computation-based The function of business analytics is integrated with business intelligence, which also plays an essential role in an organization’s information security systems. As a result, this contributes to the great career of PGDM Business Analytics.
The postgraduate degrees of PGDM Business Analytics and MBA Business Analytics both are in the management field. The major difference is that the MBA Business Analytics program is much more functional than the PGDM Business Analytics program. There is also a variance in course fees.
NMAT is a national MBA entrance exam that leads to PGDM admissions in prominent PGDM institutes such as NMIMS Mumbai, ITM Business School, and others in 2022. The Graduate Management Admission Council now administers the test, which was previously administered by the Narsee Monjee Institute of Management Studies.
Maharashtra is home to some of the most prestigious colleges in this subject. NMIMS, Welingkar Institute of Management, and ITM Business School are among them. In Maharashtra, look for a PGDM Business Analytics college.
Management, Global Business, Economics, Supply Network Leadership & Operations, and many other specialties are available through PGDM.
You can still apply if you took CAT over the last three years. Additionally, you can enroll using other exams such as the XAT, MAT, NMAT, or GMAT.
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