Business Analytics and Data Science is a field that is constantly changing and evolving. Harvard University has dubbed the role of a Data Scientist “The Sexiest Job of the 21st Century.” A PGDM in Business Analytics will give you enough knowledge to embark on a career in the field of Data Science and Analysis.

What is Business Analytics?

Business Analytics is a data management solution that uses methods such as data mining, statistical analysis, and predictive analysis to analyze and transform data into useful information. This information is used to anticipate trends, profits, etc. and make smarter, data-driven decisions.

Here are some of the essential components of Data Science and Business Analytics-

Data Aggregation
Data Visualisation
Data Mining
Text Mining
Efficient Marketing Analysis
Efficient Marketing Actions
Statistics
Effective Decision Making
Computing and Programming
Forecasting
Optimization

How to apply for a PGDM

In order to apply for a PGDM in any field, you must at least hold an undergraduate degree from a recognized university and have scored at least 50% marks in the final exams. You can then appear for an entrance exam such as CAT, XAT, GMAT, NMAT, MAT, etc. Each university follows a different examination and procedure for admission, so make sure to do adequate research.

Is a career in Data Science and Business Analytics a good choice?

Doing a Post Graduate Programme in Data Science is an amazing option. Data Science and Business Analytics is used across all industries and is becoming increasingly important in today’s times. Data Science has become an omnipresent force present in everyone’s lives today. It is a constantly evolving field, and there is so much more to expect from it in the future. Data Science technology and Artificial Intelligence continue to improve, and the role of a Data Scientist and Business Analyst will also evolve to keep pace with the dynamic learning curve of this subject.

The demand for Business Analytics professionals is very much on the rise. However, the supply of skilled professionals in the field is going up at a much slower rate. Job vacancies remain vacant for a long time due to a lack of qualified applicants. Hence a career in Data Science and Business Analytics is a lucrative option that will pay off.

Conclusion

A PGDM in Business Analytics from a reputed university is a great option for anyone who is interested. On average, PGDM graduates in Business Analytics earn more than 9 LPA. Graduates from the best universities can demand salaries of more than 20-25 LPA. There are a vast variety of PGDM Colleges in Pune and other cities in Maharashtra offering a PGDM in Business Analytics.