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5 Prominent Reasons To Take Executive MBA in Business Analytics

5 Prominent Reasons To Take Executive MBA in Business Analytics

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upGrad

Last updated:

9th Oct, 2019

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5 Prominent Reasons To Take Executive MBA in Business Analytics

The world we live in is a fast-paced one – things are changing right in front of our eyes, even as we speak. Unlike the good old days of the past where people were happy with their personal and professional lives progressing slowly, today there is no scope for stagnancy. To keep pace with the ever-evolving world and work culture, people must upskill. With rapid advancements in technology, work environments are constantly evolving, and hence, one must continue to learn new things and upskill.

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The rising importance of data and Data Analytics in the enterprise sector has made Business Analytics one of the most promising and sought-after profession at present. Almost every sector of the industry is now invested in Business Analytics to foster data-oriented decision-making. This has further pushed the demand for skilled professionals in Business Analytics who can help take business operations to a whole other level. This is why enrolling in the Executive MBA program is a great idea, irrespective of where you stand in your professional career. Read why MBA is required for career growth.

Why take up the Executive MBA in Business Analytics program?

Executive MBA programs are specifically designed for professionals seeking to enhance their MBA skills and eventually their employability. The course not only focuses on applied business reasoning and analytics but also stresses hands-on experience. And the best part is – you can put your Executive MBA skills directly to test at your workplace while simultaneously learning. This is where the EMBA program has the upper hand – the skills you learn extend to real-world situations, far beyond the classroom.

If that’s not enough to convince you, here are five reasons why you should consider taking up the Executive MBA program:

Gain new skills

As professionals with practical experience in the work field, you will have already identified the areas where you need to improve or enhance. EMBA program will offer you that scope – you can not only learn about the latest industry trends but also acquire new tricks and skills to improve your workplace productivity.

Adapt to the dynamic business environment

With the advent and inclusion of new technologies like AI, ML, Data Analytics in the business infrastructure, the business environment has become extremely dynamic in the past few years.

In such a progressive scenario, you cannot stay behind with your outdated education and methodologies – you need to upgrade your learning, knowledge, and skill set to remain relevant in the changing times. While the teachings of conventional degrees become obsolete quickly, a dynamic business program like EMBA can help you acquire the latest industry skills to help you adapt seamlessly with the ever-evolving business environment.

Become a Better Leader

Executive MBA programs incorporate both business & management coaching and leadership training to help professionals improve their managerial styles. The training offered by the EMBA program will help you become a better leader by improving your:

Confidence
Communication skills
Problem-solving skills
Analytical and logical thinking skills

Expose you to a better network

Individuals from different professional backgrounds make up an Executive MBA program. Hence, you get to meet professionals having different levels of work experience in various fields. In the course of your interaction with these professionals, you will make some valuable contacts and connections, thereby expanding your network. These contacts may later prove to be very useful when you are searching for new jobs or seeking to set up your own business venture.

Open doors to new career growth prospects

While pursuing the EMBA program, it is not unusual to find various companies knocking at your door with new career opportunities and attractive compensation. Professionals with an EMBA degree are highly sought after in the present job market.

On the other hand, if you qualify for an organization-sponsored EMBA program, it will make you an invaluable asset within your organization. The fact that your employer is willing to pay for your education shows that they are invested in you and think that you have got the potential to take the company to new heights with your improved managerial/leadership skills. Furthermore, an EMBA degree will help you scale the promotional ladder much faster than your counterparts.

So, an Executive MBA program has two-fold benefits – it is advantageous both for professionals and their employers. Additionally, it will be a new feather in your cap, allowing you to flaunt your skills in this competitive industry.

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Frequently Asked Questions (FAQs)

1. What are the functions in business analytics?

In business analytics, businesses use statistical methods and new age technologies to analyse historical data. This is done with an objective of gaining new insight and improving strategic decision-making. Business analytics is a data management solution and a business intelligence subset. Functions like data mining, statistical analysis, information transforming, etc are performed. Such information is used in anticipating trends leading to smarter business decisions. Business analytics is a powerful tool today across industries. In-depth understanding of business analytics can be a powerful way in advancing your career and making the right decisions in the workplace.

2. How can an MBA in business analytics help?

Business and technology are hand-in-hand with monumental progress in today’s world. This nexus has culminated in endless career opportunities to aspirants in the field of business analytics. The most efficient way of arriving in this field is by pursuing an MBA in Business Analytics. An MBA trains you to use data along with management skills for the growth of businesses. An MBA teaches you both technical skills and business skills. So an MBA degree with a concentration in business analytics combined with training in management, leadership, economics, finance, etc is progressive for your career growth.

3. What are the benefits for MBA in business analytics?

Endless career opportunities knock on your door after an MBA in business analytics. You get a golden chance to have a successful global career because business analytics is flourishing in multinational companies. You will have interactions and strong connections with experts from the right field. This can be your launching pad once you complete your certification. Business analytics is a relatively new field with tons of untapped potential. So here’s an opportunity to try something new with tremendous scope for career experimentation. You can create a niche for yourself and develop smarter strategies and efficient solutions.