PGDM in Business Analytics: Course Details, Eligibility, Admission, Fees

Shristi T

PGDM in Business Analytics is a two-year PG management program designed to equip individuals with the skills to leverage data and technology for strategic decision-making. PGDM Business Analytics requires prospective candidates to have a minimum of 55% in the bachelor's degree with a relaxation of 5% for candidates from SC/ST/PwD categories.

PGDM Business Analytics delves into data analysis, offering insights into financial accounting, managerial economics, optimization analytics, and statistical analysis. The average costs for the PGDM Business Analytics program range from INR 1 LPA - INR 15 LPA 

Students after graduation can get career opportunities as a Data Scientist, IT analyst, Quantitative Analyst, and Market Research Analyst with an average salary between INR 3 LPA - 12 LPA.

What is PGDM Business Analytics?

PGDM in Business Analytics is a postgraduate diploma program that encompasses a diverse range of subjects, including management foundations like financial accounting managerial economics, and business analytics. 

PGDM Business Analytics consists of four semesters and the course falls under the umbrella of the PGDM course. The development of business analytical skills is an important component of the program. Case studies, faculty lectures, and group discussions all contribute to the development of skilled problem solvers.

PGDM Business Analytics Eligibility Criteria

To apply for a PGDM course, candidates must meet varying eligibility criteria set by different universities. Here's a general outline of common requirements:

• Candidates need a three-year bachelor's degree with at least 55% aggregate score.
• Relaxation of 5% for candidates belonging to the reserved category.
• Final-year students can apply provisionally while awaiting their degree results.
• Candidates should clear the necessary cut-off in national-level entrance exams like CAT, MAT, etc.

Why Choose a PGDM Business Analytics Course?

Pursuing a PGDM in Business Analytics positions you at the forefront of a booming industry, offering ample growth prospects, and lucrative salaries. Listed below are some valuable insights to consider when opting for a PGDM Business Analytics course

• Career Opportunities: The PGDM in Business Analytics paves the way for diverse roles, spanning from analysts to managerial positions, across industries such as marketing, media, FMCG, and telecommunications. The analytics industry in India is set to reach $98.0 billion by 2025.
• High Demand for Analytics Professionals: Data analytics roles have seen a substantial 46% surge in demand since 2019, as highlighted by LinkedIn. This increase includes positions such as data scientists and data management analysts.
• High Placement Rates: Many colleges offering PGDM in Business Analytics showcase remarkable placement rates along with a growing placement package rate of up to INR 25 LPA.

PGDM Business Analytics Admission 2023

Admission to the PGDM Business Analytics course is based on merit or entrance exams depending on the institution. Listed below is a step-by-step outline of the admission procedure for the PGDM in Business Analytics program at leading colleges:

• Step 1: Prospective students are required to complete the registration form either online through the college website or offline by visiting the admission desk.
• Step 2: Applicants must provide all the necessary documents in the specified format.
• Step 3: Candidates are evaluated based on their eligibility criteria for PGDM and their scores in entrance exams, if applicable.
• Step 4: Shortlisted candidates are invited to participate in personal interviews, group discussions, and possibly aptitude tests. 
• Step 5: Admitted students need to submit the required documentation and pay the relevant PGDM course fees to secure their enrollment.

PGDM Business Analytics Entrance Exam

Entrance exams serve as a prevalent method of evaluation for colleges, aiding in the selection of students. Among the prominent entrance exams for PGDM in Business Analytics are CAT, CMAT, SNAP, and NMAT. The entrance exams encompass English, Logical Reasoning, Analytical Thinking, and subject-specific questions following an objective and MCQ-based format. Variations in syllabus, examination methodology, and question patterns are contingent on the university or conducting body.

Listed in the table below are some of the common entrance exams for PGDM in Business Analytics:

Top PGDM Business Analytics Colleges with Fee Details

Renowned institutes across India offer PGDM in Business Analytics, focusing on a comprehensive curriculum encompassing management principles, data analytics, statistics, machine learning, and data visualization. The fee structure for the program may vary based on factors like location, faculty expertise, and additional facilities.

Listed in the table below are some of the best universities offering PGDM in Business Analytics, along with their indicative fee structure. 

Note: These figures are approximate values and subject to change at the institution’s discretion

Types of PGDM Business Analytics Courses

Due to the rising demand for PGDM programs, different ways for students to enroll have emerged substantially, based on their background, goals, and qualifications. Below are the different types of PGDM in Business Analytics courses along with their details:

PGDM in Business Analytics Distance Mode

Students who want to study remotely can pursue distance mode for PGDM in Business Analytics. Students will be supplemented with E-Learning materials, case studies, online projects, and assignments, helping them with in-depth learning of core areas of business analytics. Some key information regarding  Distance PGDM in Business Analytics is given below: 

• The Distance PGDM in Business Analytics course duration usually ranges between 1 to 2 years. 
• The average course fees for Distance PGDM in Business Analytics range between INR 30,000-40,000 PA. 
• Students can pursue the Distance PGDM in Business Analytics course from IMT, Ghaziabad. 

PGDM Business Analytics Syllabus and Subjects

The PGDM Business Analytics program presents a comprehensive syllabus meticulously designed to equip students with a profound understanding of the dynamic world of data analytics. Spanning four semesters, this curriculum bridges the gap between foundational knowledge and specialised expertise.

The table below contains an overview of the topics covered in PGDM Business Analytics syllabus:

PGDM Business Analytics vs MBA in Business Analytics

PGDM Business Analytics Offers a specialized curriculum tailored to the intricacies of data analytics, emphasizing hands-on skills and practical applications whereas MBA in Business Analytics Combines business administration fundamentals with specialized training in data analytics, catering to individuals seeking a broader managerial skill set. The following table represents the major differences between the two courses. 

Courses After PGDM Business Analytics

Graduates of a PGDM in Business Analytics can pursue a variety of advanced educational and career paths. These post-PGDM options allow for further specialisation and career advancement. These alternatives cater to a wide range of goals, including advanced research, industry-specific specialisation, and honing leadership and managerial skills in the field of data analytics. Here are a few notable courses and opportunities:

• Master's in Data Science
• Master's in Business Administration (MBA)
• Ph.D.
• Post-Graduation Diploma Programs
• Executive MBA (EMBA)

PGDM Business Analytics Salary in India

Having completed a specialised PGDM in Business Analytics, professionals attain a blend of management insights and advanced analytical skills. Detailed in the table below is a breakdown of salaries for PGDM Business Analytics job roles, including average starting salaries for freshers and average salary of those with 5 years of experience.

Career Options After PGDM Business Analytics 

With a PGDM in Business Analytics, graduates possess a strong foundation in management concepts alongside a specialised analytical skill set. This unique blend prepares them for a range of impactful careers where data-driven insights fuel strategic decisions. Below is a selection of promising career paths, underlining the program's ability to bridge the gap between management principles and modern data science 

• Data Scientist
• Business Analyst
• Analytics Manager
• Market Research Analyst
• Financial Analyst
• Supply Chain Analyst
• Healthcare Data Analyst
• E-commerce Analyst
• Risk Analyst
• Operations Analyst
• Marketing Analytics Manager

Top Recruiters for PGDM Business Analytics

PGDM Business Analytics graduates are highly sought after by a wide range of industries. Top-tier companies across various sectors actively recruit individuals who possess expertise in Business Analytics. Listed below are some top recruiters along with their average salary

Skills to Be the Best PGDM Business Analytics Graduate

To thrive in their professional roles, graduates of the PGDM in Business Analytics program need a blend of intricate technical skills and soft abilities. These proficiencies often extend beyond classroom teachings, necessitating hands-on practice and real-world exposure.

Listed below are some key skills required for excelling in this field:

• Statistical Skills - One of the fundamental skills students should have is a working knowledge of statistics and probability to draw conclusions from the data at hand.
• Programming Skills - Business analysts can work with big data with the aid of programming languages like R and Python other than Database management systems. In order to do this, they should have sound knowledge of languages like SQL to retrieve, generate, and alter data from databases.
• Data Visualization Skills - Data visualization skills are necessary for converting raw data into usable digital representations to assist clients in comprehending data and making strategic decisions to meet business goals.
• Analytical Skills - Students should develop logical and research skills with an analytical mindset which helps to make rational decisions and evaluate performance substantially. 
• Critical Thinking - Students need to think critically because it helps with their analysis of the data and allows them to draw accurate conclusions for meeting client's demands. 
• Decision-Making Skills - Students should develop decision-making skills that help to carry out business operations effectively and help companies gain a competitive advantage over rivals and rise to new heights.