Business Analytics (Advanced) Module FAQs

What is the Business Analytics (Advanced) Module exam ?

Business Analytics is the process of converting data into insights. This has emerged as a powerful tool for development in the 21st Century. Also, it has created numerous career opportunities for people. This is the reason why people are inclined towards learning Business Analytics these days. Financial institutions find it’s use in models that predict credit quality, fraudulent credit card transactions and cross-sell / up-sell possibility that are largely common in banks, insurance companies, research houses, and credit-rating organizations etc. The Business Analytics(Advanced)Module exam offered by NSE provides insights about business analysis.

What are the requirements for Business Analytics (Advanced) Module exam?

The candidates who have successfully completed the Business Analytics Program with IMS Proschool can appear for the certification exam.
Since, mathematics and statistics form the basis of business analysis. Therefore, the candidates should also have graduated with a flair for Mathematics or Statistics.

What skills should the candidate possess?

Holistically, the skills required to become a Business Analytics Professional are as follows:

In-depth knowledge of R
Python coding
MS Excel
Mathematics Expertise
Business/strategy acumen

What job roles are available after getting this certification?

After passing this exam, you are eligible to apply for the following jobs:

Business Analyst
Business Intelligence Manager
Analytics Manager
Analytics Consultant
Data Scientist

Which professional groups are targeted in this exam?

This exam is basically intended for the following groups-

Students from Management and Commerce background
Graduates and Post-graduates
MBA students
People who wish to have career in business analysis

What is the syllabus of this exam?

Moreover, the syllabus of exam has been classified broadly into six domains and their subdomains that are mentioned below:

STATISTICAL TECHNIQUES
REGRESSION TECHNIQUEs
PREDICTIVE ANALYTICS
APPLIED MACHINE LEARNING
TOOLS
PROJECTS

What kind of questions come in this exam?

Holostically, the questions asked in the exam are all multiple-choice type questions.

How can one schedule the Securities Market (Advanced) Module exam?

One can schedule the exam directly through the official website of NSE as follows:

Go to the link ‘Online Registration’ that is available under Education>Certifications>Online Register.
After getting registered, you will get a unique NCFM registration number along with a user id and password along with a confirmation mail.
Then, access your NCFM account to make payment , enrollment, checking study material status and viewing certificates etc.
Moreover, use the same NCFM registration number while enrolling for the module.

What are the benefits of Business Analytics (Advanced) Module?

The module is really beneficial as it provides insights about the following:

Data Exploration using Statistics
Predictive Analytics: Regression – Multiple, Linear and Logistic, Forecasting
Data Mining Techniques: Classification, Clustering and Market Basket Analysis
Excel, SAS and R software

How can one prepare for this exam?

In order to prepare, you can follow these methods:

After doing the payment, you can download the study material for the exam after logging into your account from the option of E Library.
Also, if you wish to buy workbooks for NCFM modules then you can send a request letter along with demand draft of Rs. 500/- per module per workbook.
In addition to the above basic NCFM program, NSE Academy offers courses that are divided as: Online Courses
- Class Room Courses
- Recorded Courses
IMS Proschool provides
- 10 Weeks program (weekends) in which you get trained by industry-professionals
- Live virtual classes along with access to recorded lectures as well
- Distant learning program in which online reading material is also provided

What does Testpreptraining offer for this exam?

Well, Testpreptraining offers variety of professionally designed practice tests. These frame of these tests is in a way to provide you unique set of challenging questions that will help you not only in evaluating your level of preparation but also in boosting confidence. Thus, the actual exam would seem like another practice test and you will be able to crack the exam in one go.