Business Analytics and Big Data

More than 90% of the world's data has been generated in last two years. Today, there are more than 4.3 billion internet users and 3.5 billion smartphone users globally generating more than 2.5 quintillion bytes (2.5 X 10^18 bytes) of data every day. Considering the humongous amount of data generation, it has become a critical corporate asset and source of competitive advantage for the companies everywhere. This has led to a huge increase in demand for data analytics professionals across the companies globally. According to IBM report titled “The Quant Crunch: Demand for data science skills is disrupting the job market”, annual demand for data analytic professionals will increase to around 700,000 openings by 2020.

Business Analytics and Big Data specialization provides an opportunity to the students who want to gain expertise and build career in business analytics and big data discipline. Students will learn how to analyze the large volume of structured and unstructured data to make informed business decisions in the areas of marketing, human resource, finance, and operations. Students will develop analytic mindset and data-oriented skills in this course.

This specialization aims at developing the competencies amongst data analytic students to:

• Learn how to extract, transform, load and integrate huge volumes of different data types to build and deploy machine learning models.
• Understand key analytic programming languages and their application in deriving analytic outcomes for different business scenarios.
• Develop skills in creating machine learning models to deal with real world problems
• Appreciate the importance of contemporary developments in analytics domain and its impact on business and society today and in the future.

We offer the following specialized courses in Business Analytics and Big Data Specialization.

List of Courses

Finance

The finance specialization has a rigorous curriculum and a good mix of theory and practice. The focus is on applied theory; using the principles of finance for real world application to business challenges. We strive to create dedicated, tenacious, and innovative students with an endless curiosity for uncovering savvy financial solutions. Students are groomed to be able to spot the key challenges and understand the dynamics of various financial issues and be able to provide a sound integrated solution. We build leaders in Finance who are able to come up with financially sound, creative and innovate solutions, within the given constraints. Students are provided with sound financial principles, with special emphasis on managing the finance for enterprises. The faculty provides behind-the-scenes perspective from the established theories and their extensive industry experience.

Finance specialization has a variety of courses covering topics from Behavioral Finance to Capital Markets to Banking to Entrepreneurial Finance to Strategic Cost Management to Wealth Management, to name a few of them. Advanced courses in cost management, corporate valuation and financial statement analysis are offered to deepen the understanding of corporate finance and accounting functions. We offer a whole range of courses related to BFSI (Banking, Financial Services and Insurance) industry, to cater to one of the fastest growing industries in India. We also encourage cross discipline courses, such as Behavioral finance where behaviour of various kinds of investors with regard to their financial decisions is studied. In line with the start-up initiative of Indian Government and LMTSM’s focus on social entrepreneurship, we are offering a course on entrepreneurial finance with special emphasis on social finance. Courses on security analysis and financial derivatives enhance the comprehension of working of the Capital Markets. We prepare students to address a whole range of issues related to finance by offering the following courses in finance specialization.

List of Courses

Information System

Pervasive use of technology and amount of digital information created requires contemporary managers to have sound understanding of how Information Systems (IS) can be used to leverage competitive advantage. An MBA graduate in IS appreciates the criticality of information and its value in organizations from the perspective of decision-making, management of information goods and creating value across organizational functional areas and engaging with stakeholders. Emphasis is laid on the different methodologies used for designing and implementing Information Systems (Enterprise solutions, E-business architectures, Business Intelligence applications), making them secure along with the usage of techniques to make the application databases efficient and effective. Trending topics such as digital forensics, mobile applications, health informatics, social media, data warehousing, and cloud computing are also focused upon to enable the students to have an exhaustive knowledgebase before they enter the corporate world. Information Systems specialization aims at developing the competencies amongst future managers to:

• Understand theoretical and practical aspects of Information creation and usage and how organizations can use Information Systems to manage it.
• Develop skills in framing business problems and developing technical solutions.
• Analyse business situations and utilize methodologies for developing systems.
• Appreciate importance of contemporary developments in domain of IS and its impact on business and society.

List of Courses

Operations

Operations management deals with optimization of processes transformation of inputs into outputs to suitably meet customers’ expectations. This specialization therefore, deals with mapping of functions such as, flows of information, materials, and funds throughout the supply chain of goods and services. The specialization on Operations Management provides an insight to the theories and mathematical techniques for solving problems in the design, planning, and controlling of manufacturing and service operations and quality. It concentrates on the technological & operational issues of business activities in the competitive industrial scenario and presents a systematic study of behavioural and quantitative methods for managing operational challenges to meet organisational goals. The subject also develops students’ understanding of issues and skills related to global operations management in complex organisational scenarios. This domain aims at developing the competencies amongst future managers to:

• Understand both theoretical and practical aspects of how operations can be managed strategically in the light of external and internal conditions and requirements.
• Perform the necessary quantitative analysis and understand the management issues in order to make good operational decisions within the set of constraints.
• Analyse operation processes from various perspectives such as efficiency, responsiveness, quality and productivity
• Apply these operational tools and techniques in various functional business domains such as marketing, finance, human resource management.

List of Courses

Human Resource Management

Most of us can expect to spend many years of our lives working in organizations of various kinds. All organizations require people to make the goods or provide the services, and therefore an understanding of how to effectively manage people in the workplace is of great importance and value. HRM analyses the employment relationships and the way people are managed in the workplace. It explores these issues not only in the context of individual employee and their employer, but in the context of wider workplace, the labour market, and economic forces shaping the world of work, technological changes, employment regulations and social trends. The world of work is fast changing, so an understanding of how all this affects the way people are manged in the workplace is of tremendous significance, both theoratically and practically. Human resource managers take on the challenges of aligning individual needs with organizational requirements using HRM tools and models.

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Marketing

Marketing is the essence of business as it focuses on creating and delivering “value proposition for the customer” and marketing professionals play a key role in chalking out and shaping the business model. This exciting discipline comprises of different domains of identifying consumer behaviour, selecting right target market, developing product as solution in line with the needs of customers, crafting strategic positioning and then promoting the solution to targeted set of customers and finally delivering the solution to customers through sales, distribution, digital marketing and establishing relationships with customers through CRM in order to retain and engage them for obtaining customer life time value.

This domain aims at developing the competencies amongst future marketing managers to:

• Be competent in designing, launching and providing solutions to the potential customers
• Conceive, launch and implement integrated marketing communication campaigns to build brand and promote sales in intended target market.
• Develop understanding of nuances of international marketing
• Be equipped with tools and strategies to engage customers through digital technologies

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Entrepreneurship and Innovation

If start-ups signify the creative destruction by developing innovative solution that are marked improvement over existing products/solution, then small family run businesses are major backbone of any economy. Given their resource constraint and unique context in which they are placed, the approaches/strategies to manage these important entities are very different from those, which are likely to be effective for managing large entities. The focus is to empower students to developing the competencies amongst future entrepreneurs to:

• Be competent in designing business models and developing business plans
• Practically conceive, launch and scale social/commercial ventures.
• Develop proficiency to manage small family businesses
• Be equipped with tools and strategies to manage NGO and Non-Formal Organizations operating in development/ social sector
• Develop a social entrepreneurial mind-set.

List of Courses

Energy and sustainability

Energy and sustainability are two major resources and development related issues need to be addressed by both – Government and Business. Two centuries of industrialization driven intense exploitation of natural resources have led to a situation of overwhelming crisis. An ever-increasing clutter of economic activities, wasteful consumption of resources – precious materials, water, air, flora and fauna have been subjected to tremendous and irreversible damage. This has necessitated a concerted effort of all the stakeholders especially the government, civil society organizations and industry to leapfrog with a reformative action. The sustainable development as a philosophy is the key driver today, making traditional businesses to think about new ways of being profitable and socially beneficial.

In order to lead these sustainable development initiatives and business model transformations, a class of highly skilled and compassionate professionals are needed at all levels. This specialization provides an opportunity to students for developing a thorough understanding of the nature and complexity of sustainable development and energy related issues. The focus on Energy sector helps them in developing managerial skills and acumen required for efficient energy management, assessing energy needs and expertise in sustainable energy alternatives as demanded by the industry.

The course modules and industry projects enhance professional capabilities of students committed to take up challenging roles and responsibilities in this ever-growing sector. This specialization further helps students in understanding the sustainability imperatives for business and transforming business through sustainable business strategies to create better business for better future.

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Education Management and Leadership

Globally, the higher education sector is witnessing trends such as globally sensitive professionals, internationalization of the sector, and assurance of quality in teaching and learning. The higher education management sector requires professionals who can engage with and provide solutions to contemporary issues in the sector within India & abroad while developing analytical & leadership skills to promote quality in higher education sector. This specialization aims to develop professionals and scholars who make significant contributions to higher education management and administration. This includes professionals with expertise in higher education management positions in the domains of student administration and development, quality and accreditation specialists, higher education scholars, strategies for competing in global environment leading to leadership roles.

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International Management and Strategy

International business plays a very significant role in the overall economic development of a country at macro level, while internationalization has always remained a strategic choice for firms (big or small) in achieving competitive advantage and growth. The rapid pace of globalization and multidimensional differences between economies present both opportunities and challenges to international business. The dynamism and complexities of global business landscape has made it inexorable for business to continuously strive for growth and excellence through strategic decisions and innovation.

The international management and strategy specialization offers a set of very rigorous and elaborate courses to develop among students a strategic approach and to equip them with advanced tools and techniques for a professional career in corporate world. A blend of theory and practical projects help students in developing a clear insight and deep understanding of various issues encompassing a wide range of activities involved in operational management of business across national boundaries and in achieving their short/ long-term goals.

The courses enable students in critically analysing multilateral international trade regime, global market competition and business situations for designing and executing strategies by leveraging cross functional knowledge of various domains – Economics, Finance, Marketing, Human Resource, Sustainability and Technology. This integrating approach helps in developing skills, capabilities and expertise among students aspiring for a managerial role in start-ups, small firms and multinational companies to craft competitive and innovative strategies for managing and leading future corporations and organizations.

List of Courses