24 Jan 2019 21:52 IST

Great Lakes, IIT-Chicago launch MBA in Business Analytics

International programme to run at Great Lakes Institute of Management’s Chennai city campus

Great Lakes Institute of Management, Chennai, in collaboration with Stuart School of Business, Illinois Institute of Technology (IIT) Chicago, has launched an International MBA programme in Business Analytics at Great Lakes city campus. Dr Bala V Balachandran, Founder, Dean & Chairman, Great Lakes Institute of Management and Dr John FO Bilson, Dean, Stuart School of Business, IIT Chicago announced the collaboration and launched the programme in the presence of students, faculty members and prospective MBA candidates who were in for ‘Meet The Dean’ info seminar.

Announcing the launch, Dr Bala V Balachandran, Founder, Dean & Chairman, Great Lakes Institute of Management, said: “It is with great conviction and commitment that we (Great Lakes) and Stuart School of Business have come together again in yet another landmark collaboration to offer an academically elegant, affordable and relevant course in the most happening discipline in the world, Business Analytics.”

The curriculum at Great Lakes has always been designed to answer questions arising from industry, and is especially for those who can challenge business practices and innovate new methods for progress in times to be dominated by AIMLA (Artificial Intelligence, Machine Learning and Analytics). This calls for continuous learning and upskilling to keep oneself relevant and ready, and hence, we have put together this fantastic course that will not only push the boundaries of business practice but also become a transformational experience for business leaders with analytical needs, added Dr Bala

Disruptive thinking

Dr John FO Bilson, Dean, Stuart School of Business, IIT Chicago, said: “Today’s executives need new capabilities and disruptive thinking in order to succeed in the age of analytics. We are excited to join with Great Lakes and design this MBA in Business Analytics to train the next generation of management professionals who need to thrive in a world of analytics-driven competition. This programme will be a life-changing and transformative experience that will prepare one for the challenges of next economy.”

The MBA in Business Analytics is a 12-month programme, offered by Great Lakes Institute of Management in collaboration with Stuart School of Business at the Illinois Institute of Technology, Chicago and Great Lakes, Chennai. It is a comprehensive programme that covers the latest analytics tools and techniques along with their business applications. The topics will be covered in a practical, hands-on manner with real-world case studies that enable participants to succeed in business roles using data analytics.

GL-IIT synergies

· The MBA in Business Analytics boasts of ‘best in class’ global alliances with academic pioneers and industry leaders in analytics.

· Exceptional peer learning with experienced peer group

· Participants can have an immediate positive impact by applying learning at work

· AACSB accredited degree from IIT Stuart School of Business

· Perspectives from renowned faculty from across the world

· Access to global alumni network of both IIT Stuart and Great Lakes

Curriculum break-up

Constantly updated and globally benchmarked, the learning is spread across three modules with focus on key emerging areas including Digital Business, Analytics, Artificial Intelligence, Machine Learning, Deep Learning and NLP. Every part of the curriculum is crafted by real life practitioners in the AIMLA. The programme will commence from July 2019.

Module 1 at Great Lakes Institute of Management, Chennai (one weekend a month, for six months)

Building Innovative & Sustainable Business, Accounting & Financial Statements, Financial Management in Globalized world, Business Analytics for competitive advantage, Analytics for decision making, Operations Management and Introduction to R and Python.

Required Supplemental course include Statistical Methods for decision making, Macroeconomics and Marketing Management

Module 2 – Online with IIT Chicago (Five Months)

Microeconomics and Game Theory, Leadership & Organization Design, Strategy in the age of Analytics, Marketing Analytics (Elective 1) or Financial Analytics (Elective 2)

Module 3 – Face 2 Face at IIT Chicago (One Month)

Supply Chain Analytics or Financial Analytics (Elective 3), Capstone course in Analytics

For more information, visit www.greatlakes.edu.in/Chennai/analyticsmba