Data science is continuously gaining job promising positions and flourishes almost all industries. Data-driven decisions make companies and organizations more profitable. On the other hand, an MBA graduate assists in managing a business with good communication skills. From communicating to stakeholders to make good decisions to make more profit.
Data science in Hyderabad, Bangalore and most Indian cities is a reckoning as the most lucrative job and student from far and near trying to connect with the best data science institutes.
A data scientist and an MBA graduate both help to gain more turnover and beat the competitors. Both job roles are challenging and have the ability to change the game.
If you are working in a data scientist’s position, you need to dig insight, analyze and produce results and then communicate with company officials to implement the decisions.
At a certain level of your career, you think why not take over the leadership because they are not able to think like you. But to get this position, you need to have good management skills or an MBA degree.
Have you ever think of having an MBA degree because you are smarter than the executives of your company?
Let’s unfold the story and see why data scientists think to have an MBA degree.
The Increasing Demand for Data Scientists or Data-Driven Managers:
The increasing demand for data-driven managers and business data roles makes salaries to a high point so a person could think about having a data science degree or MBA for executive positions.
To gain a manager-level or C-suite-level job, a person must have an MBA degree. However, to learn data science skills, a person must have a good grasp of math, calculus, statistics, programming language, etc. A perfect combination of soft and hard skills is necessary to be a data scientist.
Big organizations and companies need persons who can implement strategic decisions and help them to power business values. Although, data science implementation is still an emerging idea. Therefore, business students have chances to become data science-savvy to get a lucrative job.
The Emerging Business Data Roles
Big companies and organizations are flooded with job opportunities for data scientists. Companies have a huge number of data and they need professional that can manage and organize data as well as analyze and make smart business solutions.
Companies continuously looking for candidates who have a diverse skill set. Companies need a person who can play the role of interpreter between data scientists and business executives. A person who can understand business acumen well; in other words, we can say a person who is good at storytelling.
When data scientists can’t communicate or present their models or decision to non-technical bosses or colleagues, their efficiency becomes zero because a non-technical mind can’t understand the importance of data-driven decisions.
Therefore, big companies always looking for talent who not only possess data but can deeply embed it into decision-making process of a company. Undoubtedly, this situation leads towards C-suit level jobs.
There will be a deficit in such kind of talent who can do both jobs at a time. Their wages must higher than others. Demand for data professionals is increasing who can aware of big data technologies. More than that, managers who can understand data science are high in demand.
Which is better data science or MBA?
Well, it depends on individual interest, but as we mention above, if a person has good data science skills along with managerial qualification, they have a higher chance to get a lucrative job.
The data science industry is continuously evolving. A data scientists need to have a good grasp on software programming, business cases, database management,
statistical and machine learning methods, an internship with selected businesses and a master’s level course work. Moreover, they are required to have a bachelor’s degree, preferably in mathematical subjects.
It is not necessary that each data science student focuses on business applicability, but it depends on an individual choice.
Companies face challenges to understand the customer’s behavior, competitor’s strategy and other operations that require data-driven decisions to increase their businesses. They need a suitable candidate who can come up with a diverse skill set. In search of that kind of talent, business school visits boot camps and searching for talent. They are ready to pay high-package salaries and trying to catch the best talent.
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