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Analytics Analyst

Overview, Education, Careers Types, Skills, Career Path, Resources

Analytics Analysts use data to help companies make better decisions. They identify trends, create reports, and advise on strategies.

Average Salary

₹5,00,000

Growth

high

Satisfaction

medium

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Educational Requirements

Education Requirements for Becoming an Analytics Analyst

To become a successful Analytics Analyst in India, a combination of education and skills is essential. Here’s a detailed breakdown:

  • Bachelor's Degree:
    • A bachelor's degree in a quantitative field is typically required. Common majors include:
      • Statistics
      • Mathematics
      • Economics
      • Computer Science
      • Engineering
  • Master's Degree (Optional but Recommended):
    • A master's degree can significantly enhance your career prospects. Popular choices include:
      • MBA in Analytics
      • Master's in Data Science
      • Master's in Statistics
      • Master's in Economics
  • Key Skills:
    • Technical Skills:
      • Proficiency in statistical software (e.g., R, Python, SAS)
      • Database management (SQL)
      • Data visualization tools (e.g., Tableau, Power BI)
      • Machine learning basics
    • Analytical Skills:
      • Strong problem-solving abilities
      • Critical thinking
      • Attention to detail
    • Soft Skills:
      • Communication (written and verbal)
      • Teamwork
      • Presentation skills
  • Certifications (Optional but Beneficial):
    • Certifications can validate your skills and knowledge. Some popular options include:
      • Google Data Analytics Professional Certificate
      • Certified Analytics Professional (CAP)
      • Microsoft Certified: Data Analyst Associate

Important Points:

  • Internships: Gaining practical experience through internships is highly recommended.
  • Continuous Learning: The field of analytics is constantly evolving, so continuous learning is crucial.
  • Networking: Building connections with industry professionals can open doors to new opportunities.
Study Path
Top Colleges

Top Colleges in India for Aspiring Analytics Analysts

To kickstart your career as an Analytics Analyst, choosing the right college and course is crucial. Here are some of the top institutions in India offering relevant programs:

  • Indian Institutes of Technology (IITs):
    • Offer M.Tech and Master's programs in Data Science, Artificial Intelligence, and related fields.
    • Campuses: IIT Bombay, IIT Delhi, IIT Kanpur, IIT Madras, IIT Kharagpur.
  • Indian Institutes of Management (IIMs):
    • Offer MBA programs with a strong focus on analytics and data-driven decision-making.
    • Campuses: IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode.
  • Indian Statistical Institute (ISI):
    • Offers specialized programs in statistics and data science.
    • Campuses: Kolkata, Delhi, Bangalore.
  • Other Top Universities and Institutes:
    • Delhi University (DU): Offers undergraduate and postgraduate programs in statistics, economics, and mathematics.
    • University of Mumbai: Similar programs with a strong emphasis on quantitative skills.
    • Narsee Monjee Institute of Management Studies (NMIMS), Mumbai: Offers MBA in Business Analytics.
    • Symbiosis Institute of Business Management (SIBM), Pune: Offers MBA in Data Analytics.
    • Great Lakes Institute of Management, Chennai: Offers specialized analytics programs.

Courses to Consider:

  • BSc/MSc in Statistics
  • BA/MA in Economics
  • BTech/MTech in Computer Science
  • MBA in Analytics/Data Science
  • Master's in Data Science/Business Analytics

These institutions provide a strong foundation in the necessary skills and knowledge for a successful career in analytics.

Fees

Fee Structure for Analytics-Related Courses in India

The cost of pursuing a career as an Analytics Analyst can vary widely depending on the type of institution, course, and location. Here’s a general overview of the fee structures:

  • Bachelor's Degree:
    • Government Colleges: ₹20,000 - ₹50,000 per year (e.g., BSc Statistics, BA Economics)
    • Private Colleges: ₹80,000 - ₹3,00,000 per year
  • Master's Degree:
    • Government Institutions (e.g., IITs, NITs): ₹50,000 - ₹2,00,000 per year
    • Private Institutions: ₹2,00,000 - ₹8,00,000 per year (e.g., MBA in Analytics, Master's in Data Science)
  • MBA in Analytics:
    • Top-Tier Business Schools (IIMs, ISB): ₹10,00,000 - ₹30,00,000 for the entire program
    • Other Business Schools: ₹3,00,000 - ₹10,00,000 for the entire program
  • Online Courses and Certifications:
    • Coursera, edX, Udemy: ₹5,000 - ₹50,000 per course or certification
    • Specialized Analytics Training Institutes: ₹20,000 - ₹1,50,000 for a comprehensive program

Factors Influencing Fees:

  • Type of Institution: Government institutions generally have lower fees than private ones.
  • Course Duration: Longer programs typically cost more.
  • Location: Metropolitan cities tend to have higher costs of education.
  • Reputation and Ranking: Highly ranked institutions often charge higher fees.
Related Exams

Exams to Pursue a Career as an Analytics Analyst

While there isn't a single, specific exam to become an Analytics Analyst, several entrance exams and certifications can help you build the necessary skills and knowledge. Here’s a breakdown:

  • Entrance Exams for Master's Programs:
    • CAT (Common Admission Test): Required for admission to MBA programs in top Indian business schools, including those with a focus on analytics.
    • GRE (Graduate Record Examinations): Widely accepted for Master's programs in data science, statistics, and related fields in universities abroad and some Indian institutions.
    • GMAT (Graduate Management Admission Test): Similar to GRE, often preferred for MBA programs with a strong analytics component.
    • IIT JAM (Joint Admission Test for Masters): For admission to M.Sc. programs in mathematics, statistics, and related fields at IITs.
  • Certifications:
    • Google Data Analytics Professional Certificate: Offered by Google via Coursera, this certificate validates your skills in data analysis.
    • Certified Analytics Professional (CAP): A vendor-neutral certification that demonstrates your expertise in the analytics process.
    • Microsoft Certified: Data Analyst Associate: Validates your skills in using Microsoft Power BI for data analysis and visualization.
    • SAS Certified Statistical Business Analyst Using SAS 9: Demonstrates proficiency in using SAS software for statistical analysis.
  • Other Relevant Exams:
    • Statistics-related exams: Exams conducted by the Indian Statistical Institute (ISI) for various programs in statistics.

These exams and certifications enhance your profile and demonstrate your commitment to the field of analytics.

Exam NameExam Date
Pros And Cons

Pros

  1. High demand for skilled analysts.
  2. Competitive salary packages.
  3. Opportunity to work across diverse industries.
  4. Intellectual stimulation and problem-solving.
  5. Continuous learning and growth.
  6. Potential for career advancement.
  7. Make data-driven decisions.
  8. Improving business strategies.
  9. High job satisfaction.
  10. Global opportunities.

Cons

  1. High-pressure environment.
  2. Constant need to upgrade skills.
  3. Risk of data overload.
  4. Ethical considerations.
  5. Long working hours.
  6. Dealing with ambiguity.
  7. Impact of automation.
  8. Communication challenges.
  9. Keeping up with trends.
  10. Data security risks.