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Master of Business Administration [MBA] (Business Forecasting) - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Business Forecasting

  • COURSE TYPE

    Post Graduation

Master of Business Administration in Business Forecasting Top Colleges, Syllabus, Scope and Salary

MBA in Business Forecasting is a 2- year post-graduate course designed to teach candidates about forecasting skills, which is basically the attempt to predict future outcomes based on past events and management insight.

The course is divided into four semesters of six months each for which the basic criterion of eligibility is an undergraduate degree in any discipline from a recognized university. In India, the average annual course fee charged for the course ranges between INR 2 and 20 Lacs, varying across Institutes.

Successful postgraduates of the course in India find lucrative employment opportunities in MNCs, both private and public sectors, and are offered an average annual salary ranging between INR 3 and 8 Lacs, gradually increasing with experience and skillsets.

Top Colleges for Master of Business Administration [MBA] (Business Forecasting)

M.B.A. in Business Forecasting: Course Highlights

Following are the major highlights related to the course.

Course LevelPost-graduate
Duration2 Years
EligibilityAn undergraduate degree in any discipline
Admission ProcessCounseling after taking entrance test
Examination TypeSemester System
Course FeeINR 2 to 20 Lacs
Average Starting SalaryINR 3 to 8 Lacs
Major Entrance TestsCAT, CMAT, XAT, MAT, SNAP, etc.

M.B.A in Business Forecasting: What is it About?

Business Forecasting, considered to be one of the most important aspects of corporate planning, is used to estimate or predict future developments in business such as sales, expenditures, and profits. The course is designed to train candidates in the art of precise business forecasting using experience, sound instincts, and good judgement arrived at from established formulas.

Enrolled students are taught to understand the nature and causes of economic fluctuation with the help of computers and special programs designed to model an economy- oriented future.

M.B.A. in Business Forecasting: Who Should opt?

Aspiring candidates having the ability to use systematic processes and learn from past experience to plan to fill the gap between the current state and the intended future state of a company are ideally suited for the course.

They would ideally possess an analytical mind, proficiency with computer applications, good judgement, sound instincts, and the ability to remain stable in trying situations.

Top Institutes offering M.B.A. in Business Forecasting

Tabulated below are some of the leading Institutes offering the course in the country along with their corresponding locations and annual fees charged by each.

COLLEGE NAMECITYAVERAGE ANNUAL FEES IN INR
Indian Institute of Management (IIM)Bangalore6,50,000
Indian Institute of Management (IIM)Ahmedabad6,00,000
Indian Institute of Management (IIM)Calcutta6,00,000
Department of Management Studies, Indian Institute of Technology (IIT)Delhi2,09,150
Department of Management Studies, Indian Institute of Technology (IIT)Madras4,250
Xavier School of Management (XLRI)JamshedpurNot Mentioned
Indian Institute of Management (IIM)KozhikodeNot Mentioned
Indian Institute of Technology (IIT)Roorkee2,09,200
Indian Institute of Management (IIM)Indore6,50,000
Vinod Gupta School of Management, Indian Institute of TechnologyKharagpur3,10,000
Faculty of Management Studies, University of Delhi (DU)Delhi10,000
Management Development InstituteGurgoan7,40,500
SP Jain Institute of Management and ResearchMumbai1,202,250
Indian Institute of Technology (IIT)Kanpur1,20,000
Rajiv Gandhi Institute of ManagementShillongNot Mentioned
Indian Institute of Foreign TradeDelhi1,570,500
Department of Management Studies, Indian Institute of ScienceBangalore1,58,800
Indian Institute of Management (IIM)Raipur6,00,000
Indian Institute of Management (IIM)Tiruchirappalli5,00,000
Indian Institute of Management (IIM)Ranchi3,00,000

Eligibility for M.B.A. in Business Forecasting

Candidates aspiring to apply for the course are required to meet the following minimum eligibility criteria:

  • A minimum aggregate score of 50% (general category, 45% for SC/ST candidates), at the level of graduation completed in any discipline from a recognized University. Also, aspiring candidates should have studied Mathematics as one of the main subjects at the 10+2 level.
  • It is advised for candidates to have a work experience of a minimum of two years before entering the managerial level, as a number of institutes prefer students with professional experience.
  • Candidates waiting for their final year’s exam results are also eligible to apply.  

M.B.A. in Business Forecasting: Admission Process

Eligible students are required to clear an entrance examination followed by a round of group discussion. Subsequently, a round of personal interview is also conducted to test candidates’ general aptitude.

Some of the major entrance examinations conducted at the State and national levels are mentioned below:

  • CAT (Common Admission Test)
  • CMAT (Common Management Admission Test)
  • XAT (Xavier Aptitude Test)
  • MAT (Management Aptitude Test)
  • SNAP (Symbiosis National Aptitude)

M.B.A. in Business Forecasting: Syllabus & Course Description

A semester-wise breakup of the course’s syllabus is tabulated below.

SEMESTER I

Principles and Applications of Business Economics
Principles of Business Forecasting
Business Statistics

SEMESTER II

Management Process & Organizational Behavior
Macro-Economic Management
Accounting for Managerial Decisions

SEMESTER III

Industrial Economics
Computer Applications in Business
Business Communication Skills
Business Strategy

SEMESTER IV

International Economics
Business Environment Analysis
Forecasting Principles
Financial Management

M.B.A. in Business Forecasting: Career Prospects

Business Forecasting is a rapidly- growing field, as most organizations require business forecasters, to be on the safe side during phases of economic downfall, as well as to predict future developments in business.

Various professional avenues are open to successful postgraduates in Business Forecasting in both government and private sectors.

Some of the job profiles offered to such postgraduates are listed below, along with the basic duties and corresponding salaries offered for the respective positions.

Master of Business Administration in Business Forecasting
JOB PROFILEJOB DESCRIPTIONAVERAGE ANNUAL SALARY IN INR
Business Planning ManagerTo create and streamline returns, rebuild operations, forecast reporting, manage day-to-day refurbishing operations including setup of new products and inventory management and to manage/ support post-sales strategic projects.2 to 4 Lacs
Lecturer/ProfessorTo teach at undergraduate and graduate level in areas allocated and reviewed from time to time by the Head of Department.3 to 7 Lacs
Forecast AnalystTo recognize, follow, and analyze trends in the market and to research historical data to map trends and determine how they would influence the business.3 to 5 Lacs
Business AnalystTo develop technical solutions to business problems, or to advance a company's sales efforts, beginning with defining, analyzing and documenting requirements.4 to 8 Lacs
Business Research AnalystTo perform research and gather data to help a company market its products or services and collect data and information using a variety of methods, such as interviews, questionnaires, focus groups, market analysis surveys, public opinion polls, and literature reviews.3 to 5 Lacs

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MASTER OF BUSINESS ADMINISTRATION [MBA] (BUSINESS FORECASTING) COLLEGES IN INDIA

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