6 factors to consider before choosing a Business Analytics program

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In today’s extremely competitive business scenario many businesses are adopting innovative strategies to tap growth. But some dynamic business leaders are viewing the present slowdown as an opportunity. They are successfully leveraging the power of data to analyze competition, optimize their resources, enhance customer experiences, take informed decisions and gauge upcoming market trends.

As per NASSCOM, Big Data analytics sector in India is predicted to grow to $16 billion by 2025, from the existing level of approximately over $2 billion. But despite the increasing awareness about analytics, the Indian market is still at a very nascent stage. Considering the growing needs of the industry, the dire need of the hour is a tailor-made Business Analytics program that will efficiently address them.

There are several factors that come into play when you’re out hunting for the right choice. Here are some tips that might help you choose the best.

Innovative curriculum – Many programs available in the industry, even including some offered by prestigious institutions, have a curriculum that’s very similar to each other. A good program should not only cover the fundamentals of management and Business Analytics, its applications etc, but also add weight to your resume by including topics relevant in today’s digital age. For instance, the PGCBAMD (Postgraduate Certificate in Business Analytics for Management Decisions) offered by XLRI  ..
Experienced Faculty – Faculty plays a significant role while choosing a Business Analytics program. Their caliber, years of experience and technical expertise will decide how much you stand to gain out of the program. An experienced faculty with professors, who are practically involved as industry experts, shall undoubtedly help you learn more.
Rigorous and intensive schedule – Working professionals prefer an updated program that can be completed in short bursts unlike many other programs that are conducted over a couple of years, and return to their profession to apply their learnings comprehensively. So besides the education they also gain the practical experience on the job. A program such as the 11-month PGCBAMD, offered by XLRI and TCLL, is a 300-hour intensive and meets all the above requirements.

Opportunity to earn while you learn – As a working professional the best option you can have is to learn while continuing to earn. This option also offers you the opportunity to implement what you’ve learnt on the job, without letting it dent your finances, unlike a full-time program.
Institutional legacy and Alumni status – The legacy of the institution conducting the Business Analytics program is extremely important. Since Analytics is a complex subject, from the recruiter’s point of view, it carries immense weightage as it represents qualitative education, experienced faculty and ranking of the institution. For instance, PGCBAMD offered by XLRI and TCLL, is one of the most preferred programs as XLRI is ranked among the top 10 institutes in India. Simultaneously, the ..

Flexibility to select a specialization – You must find out whether the Business Analytics program offers you the flexibility to opt for a specialization. So right from the basics of management and data analytics, it must be able to offer you electives such as Finance, Human Resource, Marketing and Operations & Supply Chain Management.

[“Source-economictimes”]