Top Skills Required for MBA Business Analytics: Skills That Recruiters Value - ASM IBMR
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Top Skills Required for MBA Business Analytics: Skills That Recruiters Value

Skills Required for MBA Business Analytics

What are the most prominent skills you need to succeed in Business Analytics? Big data and data science are the essences of todays business world. Companies and organizations are ready to adopt both Analytics and Business Intelligence to operate efficiently and perform competitively.

The vast amount of data generated is a bonanza for companies. For generating heavy ROIs, companies need to employ analytics for decision-making. Any form of raw data is of no use until analyzed and interpreted to discover valuable insights.

Master in-demand data science skills and become a business management expert with the new online MBA in Business Analytics and become one of the analytics professionals.

Skills Required for Business Analytics

Education lands you a job, but skills give prospects for growth. The business analytics domain needs a combination of several skills. In the following sections, we have explained several skills a Business Analytics Professional should have.

Technical Skills

Here are a bunch of technical skills required to become good business analytics professional.

Check them out.

  • Probability and Statistics

Statical analysis and language both need to be strong when analyzing big data sets. Probability help you understand the numbers answer some of the relevant hypotheses and make better predictions.

Some most common programming languages in analytics are-

  • R for statistical analysis, and
  • Python, for general programming.

Apart from knowledge of languages, statistical software such as SPSS, SAS, Sage, Mathematica, and even Excel is for when managing and analyzing data.

  • Data Retrieval

An analyst must know how to retrieve the data from a companys Database Management System (DBMS). They can apply all of their analytical skills for Data Retrieval in DBMS.

Now, what is Data Retrieval? It is the identification and extraction of required data using a command line from the database. But how to extract the data from a plethora of data as per the set objective? Here comes SQL.

SQL is the coding language of databases and one of the tools in an analytics professionals toolkit, specifically designed to work with large databases, particularly relational databases. All the Business Analytics Professionals write SQL queries to extract and analyze data from the transactions database and develop visualizations to present to stakeholders.

  • Statistical Tools and Programming Languages

Being an analyst, learn at least one statistical tool for importing that data and perform analysis. Some of the statistical software are- SPSS, SAS, Sage, Mathematica, etc. The most prominent one is MS Excel which you can learn from anywhere. MS Excel is a spreadsheet that helps in analyzing and data plotting. It also performs complex mathematical and statistical functions.

Knowledge in a statistical language also makes your skill set more valuable. The most used languages are- Python and R. These languages are rich in libraries, help in making predictive models with ease.

  • Visualization

The most demanded visualization tool in the market are- PowerBI, Tableau, and Qlik Sense. An aspiring analyst must know the importance of visualization and a clear understanding of using a graph or chart for a particular set of data.

Soft Skills

Many soft skills in business form the foundation of any solid business analytics career. Some personalities and qualitative skills make technically efficient business analysts complete.

A great business analytics professional must have the following traits-

  1. Communication Skills

A perfect analyst can present findings clearly and concisely in the best manner possible without losing out on the small details. People working in the analysis must convey their analytics and thoughts through excellent writing and presentation skills.

  1. A Critical Thinker

Business analytics professionals bring in a new perspective through their thinking. They analyze the data that can help make decisions with their skills. Critical thinking would help them in understanding what data to be collected and analyzed.

  1. Inquisitive

Curious professionals drive to continue learning and figuring out how things fit together. Also, curiosity is a necessary skill as it leads to fewer errors while decision-making. Even as analysts, one should be positive thinking and open communication within the team.

  1. A Problem Solver

Business Analysts are a perfect combination of logical thinking, predictive analytics, and statistics to make recommendations, solving problems, and propel a business forward. Being a natural problem solver always helps in bridging the gap.

Key Takeaways

To conclude, we mentioned all the required skills in the business analytics industry. Also, we looked at it as a mixed profession of technical and non-technical skills.

If you are looking for a job as a data analyst and want to pursue a career as a Business Analytics Professional, check out our MBA in Business Analytics.

 

Business Analytics Programs at ASMs IBMR

ASMs IBMR brings anMBA in Business Analytics. It is aunique blend of industry exposure and a cutting-edge curriculum in Pune. Its PGDM courses are designed and collaborated with Industry giants such as IBM & SAP to ensure that you are job-ready and skilled enough to match the industry demands. Connect with our Experts NOW!

Team ASM IBMR
Team ASM IBMR
ASM's Institute of Business Management & Research, Pune was established in 1983. It is affiliated to University of Pune. It is a prominent institute for higher education in the state of Maharashtra.

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