3 REASONS WHY BUSINESS ANALYTICS IS THE BEST CAREER MOVE BY IIBM INSTITUTE

If you are still not convinced by the fact that Business Analytics is one of the hottest skills, here are 3 more reasons for you to see the big picture.

1.       Soaring Demand for Analytics Professionals:

Data is useless without the skill to analyze it.” There are more job opportunities in Big Data management and Analytics than there were last year and many IT professionals are prepared to invest time and money for the training.

The job trend graph for Business Analytics from Indeed.com, proves that there is a growing trend for it and as a result there is a steady increase in the number of job opportunities.

2.       Huge Job Opportunities & Meeting the Skill Gap:

The demand for Analytics skill is going up steadily but there is a huge deficit on the supply side. This is happening globally and is not restricted to any part of geography. In spite of Business Analytics being a ‘Hot’ job, there is still a large number of unfilled jobs across the globe due to shortage of required skill.

India, currently has the highest concentration of analytics globally. In spite of this, the scarcity of data analytics talent is particularly acute and demand for talent is expected to be on the higher side as more global organizations are outsourcing their work.

There are two types of talent deficits: Data Scientists, who can perform analytics and Analytics Consultant, who can understand and use data. The talent supply for these job title, especially Data Scientists is extremely scarce and the demand is huge.

3.       Salary Aspects:

Strong demand for Data Analytics skills is boosting the wages for qualified professionals and making Business Analytics pay big bucks for the right skill. According to the 2015 Skills and Salary Survey Report published by the Institute of Analytics Professionals of Australia (IAPA), the annual median salary for data analysts is $130,000, up four per cent from last year. Continuing the trend set in 2013 and 2014, the median respondent earns 184% of the Australian full-time median salary. The rising demand for analytics professionals is also reflected in IAPA’s membership, which has grown to more than 5000 members in Australia since its formation in 2006.www.iibmimdia.in

THE VALUE OF WORK EXPERIENCE TO YOUR MASTER PROGRAM BY IIBM INSTITUTE

As opposed to doing a pre-experience program, a pre-Master Program career can help you determine your interests and goals. You can, therefore, identify which Master Program specialization or track to pursue to get the career you want.

Leadership:- More than the type of company you work for, or the type of work you do, the most important element of your work experience is your leadership. This is one of the elements that is given the most weight. Your resume should be packed with concrete evidence of leadership: how many people you supervise, the teams you lead, the size of the budget you manage, and the impact you have had. It’s not enough to say that you are a leader; you must back it up with concrete numbers and achievements.

Professional development:- In addition to leadership, it’s important to give evidence of growth through promotions within the company or movements to another company for higher responsibility. Besides describing the change in roles, it is important to give evidence of growth and dynamism. Again, specifics matter.

Stability:- Even though adcoms will want to see progress in and out of the organization, they will also value your professional stability. This means that you should change jobs only when it represents an advancement for your career. Changing jobs every 12 months (or less), for example, shows instability and leads to suspicion about your ability to hold a job—or appeal to on-campus recruiters. Although changes in employment are often necessary and inevitable, try to keep them to a minimum, and if possible, avoid long lapses between jobs, as you will find them difficult to explain in an application later.

Develop priceless managerial skills
An Mater Program education is usually pursued by young professionals with a minimum of two years of work experience and even by senior employees that feel up to the challenge. After some time in the professional life, it is in the human nature to conform to a certain repetitiveness and to avoid taking risks.

Master Program and their connected specialisations will teach you a lot about everything that makes a company tick. You will learn how to:

Manufacture, advertise and sell your products;
Keeping the company's finances healthy;
Maintain a positive image of the company;
Gather and interpret industry data;
Hire the right people and keep them motivated;
Create hierarchies that help the company thrive;
Know when to make the tough calls.

Studying a Master Program  forces you to get out of your comfort zone, deal with the latest issues in international business, apply the newest management techniques and constantly challenge yourself. www.iibmindia.in