Business analytics and data analytics are two important subjects in the corporate sector. While they are sometimes used interchangeably, there are minor distinctions between the two.
The demand for skilled analytics professionals is growing rapidly, making pursuing an MBA in Business Analytics a promising choice. This program equips students with a comprehensive understanding of the analytics industry and its various roles.
The Diploma in Financial Analyst is a one-year program that provides education on financial theories, tools, and procedures. Admission is based on entrance exams and counseling, with a minimum requirement of passing a similar exam or having a 10+2 education. The program costs between Rs 10,000 and 8 lakhs, depending on the institution. Graduates can pursue careers as project coordinators, financial services and research analysts, or management analysts. A PhD in Financial Analyst can lead to higher income, job stability, and opportunities in academia or industry.
Becoming a business analyst can be a lucrative career choice for those who enjoy data analysis and critical thinking. Business analysts help companies improve their operations and increase profits through research, communication, problem-solving, and implementation. To become a business analyst, individuals can study business analytics and acquire skills such as decision-making, leadership, negotiation, and attention to detail. Entry into this field may require completing entrance exams and gaining experience through junior positions before advancing to senior roles. The starting salary for a business analyst in India ranges from Rs 1.6 to 7.4 lakh per year.
Data analysts play a crucial role in various industries by analyzing and interpreting large sets of data to uncover valuable insights. With the increasing reliance on data-driven decision-making, the demand for data analysts is on the rise. Aspiring data analysts can pursue degrees in relevant subjects such as computer science or mathematics and gain practical experience in data mining. They can also obtain certifications and seek internships to enhance their skills. Data analytics is essential in sectors like IT, banking, retail, and e-commerce, offering numerous job opportunities for data analysts.