Number crunchers | education | Hindustan Times
Today in New Delhi, India
Dec 05, 2016-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Number crunchers

education Updated: Jul 07, 2012 17:58 IST

Hindustan Times
Highlight Story

The lowdown
A management information systems (MIS) professional in data analytics is someone who collects data from multiple sources in an organisation, compiles it, organises it in useable formats, and then does the calculations as per departmental needs. “The role of MIS professionals in data analysis commonly involves: business data modelling, mapping and tracing data, analysing and mining business data to identify patterns and correlations among the various data points, design and create data reports and reporting tools to help business executives in their decision-making,” explains Ashim Raj Singla, assistant professor, Indian Institute of Foreign Trade, New Delhi

Clockwork
9am: Compile all figures (sales/ HR/ marketing), depending on one’s domain
10am: Sort out and arrange data
11am: Do the calculations to compute monthly, weekly or quarterly figures
3pm: Meet the management to give presentation
6pm: Study the figures to look for eye-catching trends reflected by the figures

The payoff
At the entry level, one can start with anywhere between R3 lakh to Rs. 4 lakh per annum. If you are a qualified CA or MBA from an institute of repute, you can earn about Rs. 6 lakh to Rs. 8 lakh per annum. With experience, your salary can rise depending on the company you work for

Skills/TRAITS
* Must have sound analytical skills, and a good head for numbers
* Ability to stay calm and collected under pressure. Sometimes the work seems unending
* You must be well versed in computer tools such as MS Office, SAS, STSS, ERP software (such as SAP-BI) and MS excel in PowerPoint presentations

Getting there
Graduation is mandatory. It is preferable to be well aware of matters related to finance, operation, computer applications and business organisation. For business organisation, you may study BBA/ BBS. For senior level MIS positions, you could enter the industry after a chartered accountancy (CA) or an MBA. Though these qualifications open many more doors for professionals, you can go in for MIS if you have an interest in data processing and analysis

Institutes and URLs
* For a two-year PG course from an IIM, visit www.catiim.in
* For the CA course, visit www.icai.org
* For a BBS from Shaheed Sukhdev College of Business Studies, Delhi, visit sscbsdu.ac.in
* For a BBA from GGSIP University, Delhi, visit www.ipu.ac.in

Pros and cons
* Work is satisfying because you directly contribute to the company’s decision-making process.
* Life gets hectic in MIS. Work pressure can drain you at times.
* You remain in constant touch with the top management, a privilege not every one gets in the company

The role of MIS professionals in data analysis is (essentially) ... to help business executives in their decision-making, Ashim Raj Singla, assistant professor, Indian Institute of Foreign Trade, New Delhi