In 2016, McKinsey made a bold statement by saying that they were looking for MBA graduates who understood “the science behind decision making”. The statement was made in context to the need for analytical skills required in the modern world. Similar such statements were made by eminent personalities, including one by Juan Jose, the Chairman of IE Centre for Entrepreneurship & Innovation at IE Business School, who said, “In the near future, we will all need to develop analytical skills in order to succeed in our job.”
In fact, some opinions suggested that business school students without data competencies were at a disadvantage in the jobs market. Theos Evgeniou, a professor of decision sciences and technology management at INSEAD, was quoted as saying that “the number of jobs they (such people) are excluded from is definitely increasing.”
Fast forward to 2022, and Big data governs every aspect of economic growth. Such a market reality translates to a rise in demand for data competent management professionals.
The Need For Data Literacy In Management Roles
A trend has emerged across the world wherein organisations compete for data literate talent. KPMG reports that 36% of executives it surveyed admitted that they lack big data specialists. Compare it to the fact that by the end of 2025, 180 Zettabytes of data will be in existence. Today, data-driven organisations are 23x more likely to acquire new customers and 19x more likely to be profitable.
Data is the heart of all commercial activity in the modern world. With a massive 2.5 quintillion bytes of data generated by people on a daily basis, companies are looking to onboard qualified Business Analytics specialists with the expertise to facilitate broad-level business decision-making. With such promising growth in the domain, it is a great idea to pursue an MBA in Business Analytics in India.
How EMBAA Programmes Are Preparing Professionals For a Data-driven Future
An Executive MBA in Analytics (EMBAA) is a multidisciplinary degree with a curriculum that lies at the intersection of business and data. It provides transferable skills to develop leaders capable of critically analysing business data to improve business practices and optimise or even automate business processes
One of the fastest-growing postgraduate management degrees, an Executive MBA in Analytics trains aspirants in technical skills, business fundamentals, management practices, leadership, and strategy, in addition to contemporary skills specific to business analytics. It equips participants with the cross-functional skills required to succeed in Industry 4.0. The analytics concentration in EMBAA fuses general business principles with data-driven studies to enhance each learner’s ability to make strategic business decisions.
Key Points:
- An Executive MBA in Analytics (EMBAA) is a multidisciplinary degree with a curriculum that lies at the intersection of business and data. With many medium to large scale enterprises and tech start-ups setting up shop in India, the demand for EMBAA graduates in the market is only expected to rise further.
- An MBA degree with a specialisation in Analytics offers several pathways into careers in management, finance, operations research, business intelligence, supply chain, marketing, banking, insurance, supply and government.
The Demand For EMBAA Graduates
A multifaceted specialisation in analytics and management opens up career possibilities in diverse sectors. An MBA degree with a specialisation in Analytics offers several pathways into careers in management, finance, operations research, business intelligence, supply chain, marketing, banking, insurance, supply and government. Many graduates with an EMBAA become analysts in operations, customer insights, finances, business intelligence, pricing, and revenue optimisation, or quantitative data. The BLS projects that these career paths will increase rapidly from 2019-2029.
Over the years, a steady rise in the demand for experts who have a solid understanding of the science behind decision making has been witnessed. And the trend is bound to increase. Consider the example of a company like McKinsey that has made it a mandatory requirement for applicants for the role of Business Analysts to have an MBA in Business Analytics.
With many medium to large scale enterprises and tech start-ups setting up shop in India, the demand for EMBAA graduates in the market is only expected to rise further.
IIM Kashipur’s EMBAA and Its Unique Offerings
Over the years, many top-tier institutes from India like the IIMs have rolled their own executive MBA programmes with a specialisation in analytics. One of the most upcoming EMBAA programmes that leverages a blended pedagogy is offered by IIM Kashipur.
IIM Kashipur’s Executive Master of Business Administration (Analytics) (EMBAA) programme allows learners to acquire an MBA education in the trending field of Business Analytics and enhance their career prospects while they continue to pursue their full-time jobs.
The programme trains learners in the interdisciplinary areas of analytics, technology and management through a blended approach that judiciously incorporates online learning modules and on-campus modules.
With 900 contact hours spread across six terms over 24 months, IIM Kashipur’s EMBAA is a rigorous programme that also offers 20 sessions of in-person classes in each term. The curriculum is also very flexible, allowing participants to choose their credits from a pool of 40+ electives across nine domains.
Since its inception, IIM Kashipur has attracted talented faculty members who are engaged in management consultancy, research, training and industry collaboration at a global level. Over the years, IIM Kashipur has successfully pioneered its own Blended Learning model to incorporate simulation-based learning, live lectures, industry projects, and real-world case studies as part of the learning experience. With its EMBAA programme, the institute is set to make a mark on the future of executive education in India.
To know more: https://timestsw.com/course/iim-kashipur-executive-master-of-business-administration-analytics/
