What is Power BI? Benefits of Power BI for MBA Students

Introduction

Power BI is an essential business intelligence tool that helps PGDM & MBA students analyze business data and recognize key indicators, trends, and patterns to make informed business decisions.

Most companies, especially MNCs from diverse sectors, demand highly skilled management professionals and business leaders with key business intelligence skills such as industry research, data analytics, and data management.

Considering the future of top MNCs, it is important to learn the in-demand skills and business tools along with the MBA program.

If you are a PGDM or an MBA student, having a Power BI certification in your arsenal can get you better job prospects and salary compensation.

In this article, we’ll be talking about what Power BI is, why it is useful, Power BI jobs and salaries, the best MBA college in Pune that offers additional Power BI training, and top campus placements. Let’s get started.

What is Power BI?

Power BI is a powerful data visualization tool used by business leaders and managers across the world. It is a collection of processes, structures, and technologies that convert raw, unstructured data into meaningful data to drive profitable insights for business expansion.

Sidelining assumptions, the Power BI tool leverages facts and logical decision-making to analyze historical data to guide future business decisions.

In this data-driven world, most companies across industries are relying on tools like Power BI to visualize data as per their use. In that sense, it’s an essential tool in the hands of MBA professionals to make better management decisions for their firms.

How is Power BI with an MBA degree beneficial?

The fast-paced corporate world demands business management graduates with a PGDM or an MBA degree to constantly upskill to stay ahead of the competition. Skilled management professionals are no different.

While there is a range of skills that these skilled professionals can master, data visualization becomes the most evident option. Why, you may ask? That’s because data visualization has become a vital skill due to the growing dependence on data to make informed business decisions while designing solutions for complex challenges and problems.

What better way is there to be proficient in this tool than to learn Power BI - a tool used by most companies? Microsoft Power BI is a versatile business intelligence tool that lets you create visual charts, tables, and reports from pre-configured lists. Further, it helps you build a dashboard where you can ask questions and create visualizations from the data you’ve analyzed.

Here’s what sets apart Power BI from other business intelligence tools for processing and deriving meaningful insights from the data:

• Simple-to-use interface
• Able to connect with multiple data sources like Excel, CSV, XML, text, etc.
• Highly cost-effective for businesses
• Has a graphical dashboard
• Promotes collaborative data sharing
• Permits access and connection to cloud databases like Azure, SQL databases, Amazon, etc.
• Natural language query

Power BI Skills in Demand: How to Stand Out in the Job Market

As a PGDM or an MBA professional, you might wonder if Power BI is a useful skill to learn. Depending on your areas of interest and career aspirations, Power BI can be an incredibly empowering skill set. Given below is the list of important Power BI factors that MBA & PGDM students and professionals can leverage to carry out their day-to-day activities proficiently:

• 1. Gain Deeper Insights into Business Data: MBA & PGDM students can leverage Power BI skills to analyze historical data and dive deep into key indicators, trends, and patterns. It further helps them make informed business decisions for the growth of the company.
• 2. Strengthen Data Literacy Skills: Business Management professionals have to deal with huge data sets to analyze them and derive meaningful business decisions. Here, Power BI plays a pivotal role as it provides hands-on learning to MBA & PGDM students to improve their data literacy skills. With this skill, they get to work on complex data and sort it into structured data to foster better decision-making.
• 3. Make reports and dashboards: It allows MBA & PGDM professionals to sort large data sets into visually appealing reports and dashboards. Moreover, they can present and share these dynamic and easy-to-comprehend reports with other stakeholders involved.
• 4. Better Job Opportunities: Given that most businesses rely on Power BI to carry out data visualization activities, having this skill set can increase employability options for MBA aspirants. At the same time, it can be beneficial for working MBA & PGDM graduates to acquire better insights and decisions for the company. As a result, it can increase your chances of promotions and better salary prospects.

Power BI Career Opportunities and Job Roles

One of the most popular business intelligence tools, Power BI has revolutionized the way organizations are run and provided the much-needed business solution for several sectors. There is a high demand for management professionals in leadership positions with expertise in Power BI in nearly all industries, including software, retail, healthcare, etc. Therefore, individuals still unsure if this is a viable skill set can pursue it without any second thoughts.

Power BI certification opens up a lot of job opportunities with highly rewarding careers, such as:

• Data Analytics
• Business Intelligence
• Sales & Marketing Management
• Project Management
• Financial Planning and Analytics
• HR Analytics
• Operations & Supply Chain Analytics
• Business Analysis
• Business & Strategy Consulting

Salary of Power BI Professionals after MBA & PGDM in Business Analytics

Talking about the salary aspect, the average salary of an MBA & PGDM professional with Power BI skills starts at INR 10 LPA and above. Most MBA & PGDM professionals can get even higher salaries as per their experience, skill set, and expertise in the field. Moreover, the location of the organization also plays a crucial role in salary determination.

Nearly all sectors around the world offer job opportunities to MBA & PGDM students with Power BI, business analytics, and other data-related skills.

Top Companies Hiring for Business Intelligence Professionals

Some of the top companies that hire skilled Power BI professionals around the world are:

• Accenture
• Infosys Limited
• TCS
• IBM Global Services
• Hexaware Technologies
• Capgemini
• HCL Technologies
• Wipro Technologies Ltd
• Cognizant Technology
• And 500+ More MNCs

Get Started with Power BI with PIBM

Now that you have a good understanding of what Power BI is, its uses, and demand, you must be interested to know where you can do this power course. Well, as an MBA professional, you don’t have to take a separate Power BI course to shape your career.

At Pune Institute of Business Management, we offer advanced industry-oriented PGDM & MBA programs with an extensive curriculum, including certifications and training on modern learning tools. This training includes a course on the Power BI tool that helps to turn our management students into holistic business professionals with business analytics, data management, business intelligence, data analytics, and other relevant skills in the field of Business Analytics. By far, it is one of the best MBA colleges in Pune. With this PGDM & MBA-integrated Power BI training, you will be ahead of your competitors and get exceptional job opportunities in top organizations.

Conclusion

As an exceptional cloud-based tool for business intelligence & data visualization, Power BI has become one of the most prominent tools used in the corporate world across industries. In addition, it is backed by Microsoft, which has already launched some of the most successful tools reigning supreme in the global market. Thus, Power BI proves to be an indispensable tool for businesses.

Given that most businesses are shifting towards cloud platforms, and Power BI is a cloud-based tool, the scope for this skill set automatically aligns with the expectations of the organisations. Thus, all MBA & PGDM students must consider getting Power BI certification to better handle data and make informed decisions for business growth. It not only amplifies your skill set but also increases your chances of better job opportunities. Consider PIBM’s MBA & PGDM Courses equipped with Power BI training to get the requisite skill set.

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