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online msc business analytics

Updated at : October 18, 2023

Online M.Sc in Business Analytics

The Online MSc Business Analytics is a two-year postgraduate level course that can be pursued by students after the completion of their bachelor’s degree. It is a PG degree that is growing in demand every day in today’s age of capitalization and rapid technological advancements. So, this degree has a growing scope in India and other countries as well.

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Eligibility info

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In the age of high efficiency and competition, commercial organizations are increasingly looking for ways to maximize their profits. This requires dealing with large amounts of data and analyzing them strategically so as to make scientific conclusions and gain meaningful insights from such information. In such a situation, business analytics is growing in demand at an exponential rate. 

The online course in MSc Business Analytics is similar to the remote/physical course offered, except that students can complete the course without the need for relocation and at their own convenience. In India, it is offered as a two-year postgraduate course that can be pursued after one has completed their graduation degree, usually from any stream/discipline.

Key Highlights of Online MSc Business Analytics Course

Some of the major features of M Sc in Business Analytics as offered in India are listed below: 

  • It is offered at the postgraduate level. 
  • It is usually offered over a period of 2 years. 
  • It can be pursued after graduation by students from any discipline, with usually statistics as one of the subjects. 
  • It can be pursued as a full-time offline or an online course as both options are available in India.
  • The courses generally pertain to areas such as database management, business statistics, financial management, etc.

Syllabus/Subjects for Online MSc Business Analytics

The course is usually offered as a two-year course, divided into 4 semesters. It is a postgraduate-level course. The course provides in-depth knowledge of areas such as business statistics, database management, financial management, data visualization, machine learning, project management, large data analytics, etc. The common syllabus offered in MSc in Business Analytics is listed below: 

Subjects of Semester I

Subjects of Semester II

  • Financial Reporting & Statement Analysis
  • Business Statistics
  • Managerial Economics
  • Programming with R & Python
  • Database Management
  • Business Econometrics
  • Financial Management
  • Applied Multivariate Data Analysis
  • Data Visualisation
  • Design and Analysis of Experiments
  • Mini Project

Subjects of Semester III

Subjects of Semester IV

  • Time Series Analysis
  • Machine Learning Methods
  • Deep Learning and Text Mining
  • Project Management
  • Big Data Analytics
  • Elective (Marketing):
    • Marketing Analytics
    • Digital and Web Analytics
  • Elective (Finance):
    • Financial Assets Valuation
    • Financial Analytics
  • Capstone Project

The course is designed to create a balance between theoretical knowledge and practical, applicable skills that are useful for professional fields. 

Online MSc in Business Analytics: Eligibility Criteria

Since this is a postgraduate course, one can pursue this course only after completion of their graduation. The eligibility criteria for a course in MSc. Business Analytics in India are: 

  • Having completed their Bachelor’s degree from a recognized University.
  • Students can have any stream/discipline background in their bachelor's, while some universities may require the candidate to have statistics as one of the subjects in graduation.    
  • The aggregate marks percentage required at the bachelor’s level may vary for different universities, but it usually ranges between 40-50%. 

Duration of Course: MSc in Business Analytics

This is a postgraduate level course and is usually 2 years long in duration. The course is pursued in four semesters. Some universities may, however, offer extra 2 years to pass all the exams if the need occurs. 

Admission Procedure for Online MSc in Business Analytics Course

Most universities that offer an online course in MSc Business Analytics usually have an online admission procedure. Some common steps that students need to follow for applying to this course are listed below:

  1. The admission process usually begins with the student registering/signing in with the university's official website or admission gateway. This includes registration by providing basic personal details and verification of their contact details (mobile phone number, email ID, etc.). 
  2. Followed by initial registration, candidates fill in the main admission form/application form.
  3. They need to submit the necessary documents needed for verification at this point. 
  4. The candidate also pays the initial application fee to the official portal of the university.
  5. After all these steps have been completed, the candidate can submit their application, followed by which they will receive some confirmation (about successful submission of application).

After these steps, the university usually reviews the application and then approves them to confirm the candidate’s admission to the course. 

Fees: Online MSc in Business Analytics

There are few government universities that offer an Online course in MSc Business Analytics. In the case of private universities, the course tuition fee ranges between INR 2,00,000 to 3,00,000. There generally are additional charges in the form of examination fees, admission fees, and application fees added to the tuition fee.

Other Specializations of Online M.Sc Course

MSc Online In Mathematics MSc Online In Data Science
MSc Online In Applied Finance MSc Online In Artificial Intelligence and Machine Learning
MSc Online In Information Technology  

Job Opportunities after online MSc Business Analytics

There is a wide scope of job opportunities after you complete Online MSc Business Analytics since this is one of the highest in-demand qualifications in professions related to STEM and data science.  

Some of the job prospects along with average salaries in India are listed below:

Job Prospect

Average Salary in INR

Machine Learning 

7,50,000 PA

Data Analysis

4,30,000 PA

Chief Data Officer

25,34,655 PA

Project Management

14,30,000 PA

Data Scientist

11,00,000 PA

Statistician 

5,00,000 PA

Popular Firms that Hire Business Analytics Students

Some of the popular companies where a Business Analytics graduate can seek a job include:

Accenture 

Intel

Aditya Birla Group

Amazon

Tata Consultancy Services

Deloitte

Let's clear up some doubts about Online M.Sc in Business Analytics

Yes, a degree in MSc. Business Analytics is highly valued and growing in demand in India and one can explore a large number of job alternatives after completing this course, e.g. data scientist, data analytics, machine learning etc.

Yes, most universities that offer this course require the student to have a statistical background, but there are no major restrictions for any academic stream.

An interested student needs to ensure that the university they are pursuing the course from is well-accredited and recognized by bodies such as UGC-DEB, AICTE, NAAC, NIRF. Online degrees from recognized universities are valid and recognized across India and abroad.

In India, Manipal Online University and BITS Pilani offer this course in the online mode.

If you are looking to establish a career in data management, analysis, data science or in large business management, business analytics is a good career alternative for you as there is a wide scope of career development after this course.

Yes, an MSc. in business analytics is a STEM course.

A person who has completed a Bachelor’s degree from a recognized university, with statistics as one of the subjects and from any stream is eligible to pursue this course in India.

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