Data mining and advanced data analysis courses are becoming more and more popular in B-schools. I asked colleagues about such electives in their universities, and also did some web- searching. It looks like different courses range in topics and flavor, depending in many times on the instructor's field of expertise (statistics, operations research, information systems, marketing, machine learning, etc). But all courses typically revolve around real business applications.
Here's an initial list that I've composed (alphabetical in School name). I hope that others who teach or are taking such courses will add to the list. Links to syllabuses are also welcome. This can be a gerat resource for instructors (sharing information, material, experiences, etc.) as well as for MBA students!
Fuqua School of Business, Duke: Data Mining (MGRECON 491)
Indian School of Business (ISB): Business Intelligence Using Data Mining (update by R Bapna)
McCombs School of Business, UTexas at Austin: Data Mining (MIS 382N.9)
Stern School of Business, NYU: Data Mining and Knowledge Systems (B20.3336)
Tepper School of Business, CMU: Mining Data for Decision Making (45-863)
Wharton School, UPenn: Decision Support Systems (OPIM-410-/672)
Cardean Online University: Data Mining (EIMA 714)