editor The practical skills and technical knowledge of an employee help any business to analyze the previous data and gain new improvements in the business. Business Analytics is not only the future of our generation but also the present scenario.
Therefore, PGDM in Business Analytics can be a prospective career option for anyone. There are at least a hundred options for a career that a student of PGDM or MBA can avail of.
Here are a few of these:
1. Data Analyst or Data Scientist
A data scientist is a person who collects and evaluates data and utilizes them to upgrade sales and introduce different technical approaches to the company. Data evaluation by an analyst refers to collecting previous sales numbers, market research, and other details.
Depending upon the company an analyst required few skills to fulfill their duties. Such as knowledge of programming languages, creativity, analytical thinking, advanced excel and many more.
To satisfy company goals an analyst needs to communicate with different departments like the management team, IT department, data scientists etc, communication skills are also important for any data analyst. This is a highly demanded career path nowadays.
2. Business Analyst
Analyzing the zone of business is important for any business and this is what makes Business Analyst one of the most demanded career options. Most of the institutes for PGDM Marketing in Delhi provide a wide range of placements in this field.
The job responsibilities of a business analyst include communicating with the stakeholders, and business requirements identification, evaluating the impact of changes and understanding what change a business requires.
Most firms require a business analysis nowadays to operate a business peacefully if they have the proper knowledge about how to improve a firm by improving marketing, advertisement, finance, supply chain etc. Avg salary of a business analyst in India is around 6 lakhs per year.
3. Technology Analyst
Doubtlessly any business is dependent on technology nowadays. Therefore, any business must have an analyst of technology to function the business properly. The technical team is the base functional unit of any company.
Their responsibilities include completing or upgrading technology or deciding the cost of the technology involved, for this a technology analyst requires vast and in-depth knowledge in the field.
The average salary of a candidate in the field may rise to 9 lakhs per annum. Due to this handsome salary figure PGDM in business analytics is even more in demand than the PGDM in HR, Delhi.
4. Supply Chain Analyst
Analyst manages and improves any business operation. For this, they need to figure out the particular requirement of any project and convey the message to the concerned person.
Key responsibilities of this job role are communicating with the engineer and quality department to maintain the professionalism of their product, figuring out the requirements of the concerned project, testing and applying new methods of supply chain and recommending advanced and useful working methods to reduce the cost of production. A PGDM can open up a wide range of job offer opportunities in a variety of industries, including banking and finance, consulting, IT, and marketing.
Depending on the experience a supply chain analyst can draw a salary of 3 lakhs to 9 lakhs per annum. Most of the top management institutions of India provide dedicated modules to study supply chain analytics.
5. Predictive Modeler
There are very few people who have heard about this profession. Predictive modeling is not only an unfamiliar career option but it is also quite new to most people. The models created by predictive modelers program different predictions based on the data they receive.
The job role falls under predictive analytics. Job responsibilities of this profession include creating working models and statistical analysis to predict the possibility, therefore people who are in this profession must be statisticians, technologists and analysts.
This can be considered one of the future and newest job domains of India. As per a few reports, predictive modelers can withdraw a lump sum amount of 2 lakhs to 11 lakhs per annum however an accurate figure could not be gathered as there are no proven statistics regarding this.
6. Statistician
Statisticians mainly deal with numbers; they work with the data collected through different scientific and mathematical methodologies and with the help of these data they help accomplish different tasks.
They also represent the gathered information through different charts, graphs or any other presentation so that others can understand the progress of the company. Career Paths after a PGDM are diverse, offering graduates opportunities to pursue their interests and expertise. This profession’s pay scale varies and depends upon whether they’re working in the private or public sector.
Depending upon the sector they are working in, they can earn from 2 lakh to 12 lakhs INR per annum.
7. Project Manager
Candidates having better leadership skills can choose to be project managers. It is no news that every corporation requires a manager for their assignments. Insight Seeking, hand-task analyzing and distribution are their primary responsibilities. They can make yearly 2 lakhs to 11 lakhs depending upon their experience. Pursuing an MBA after a PGDM can further enhance your career prospects and open up new avenues for advancement.
Author’s Bio:
Kirti Sharma is a content marketing professional who writes articles and guest posts on popular educational websites to share different ideas on various educational topics. She guided students to find the best PGDM colleges in delhi ncr and other parts of the country and recommended other courses as well.
