Business Analytics Masters Study in USA
Introduction to Business Analytics
Business Analytics (BA) can be termed as the study of business data using statistical techniques and programming for creating decision support and insights for achieving business goals. It is the combination of skills, technologies, applications and processes used by organizations to gain insight in to their business based on data and statistics to drive business planning. Business analytics is used to evaluate organization-wide operations, and can be implemented in any department from sales to product development to customer service.
Different types of Analytics
Descriptive Analytics: This branch of Business Analytics analyses and finds answer to the question, “What has happened in the past”. As its name suggests, Descriptive analysis or statistics performs the function of “Describing” or summarizing raw data to make it easily understandable and interpretable by humans.
Predictive Analytics: This branch of Business Analytics, uses forecasting techniques and statistical models to find out what is going to happen in future. Predictive analysis helps us in predicting the future course of events and taking necessary measures for the same.
Prescriptive Analytics: This branch of Analytics, makes use of optimization and simulation algorithms to find answer to the question, “What should we do?”. Prescriptive Analysis is used to give advices on possible outcomes. This is a relatively new field of analytics that allows users to recommend several different possible solutions to the problem and to guide them about the best possible course of action
Major Subjects under Business Analytics
- Statistical Programming
- Quantitative Methods
- Database Management
- Data Mining and Business Data Visualization
- Computer Simulation
- Analytics for Big Data
- Decision Analysis
- Artificial Intelligence
- Data Mining and Visualization
- Predictive Modeling
- Supply Chain, Applied Marketing Research
- Marketing Management, Advanced Marketing Analysis, Customer Analysis
- Accounting and Finance, Corporate Finance, Pricing Analytics
- Operations Management
- Advanced Database Management
- Social Media and Network Analysis
- Advanced Text Analytics for Business
Top Universities for Business Analytics in USA
Top US Universities for Business Analytics that feature in QS Rankings:
University / Business School in the US
|MIT (Sloan)||MS in Business Analytics|
|University of Texas at Austin (McCombs)||Masters in Business Analytics|
|University of Southern California (USC Marshall)||MS in Business Analytics|
|University of Minnesota Twin Cities (Carlson)||MS in Business Analytics|
|Purdue University (Krannert)||Master of Science in Business Analytics|
|Michigan State University (Eli Broad)||MS Business Analytics|
|Arizona State (Carey)||MS in Business Analytics|
|North Carolina State University (Institute for Advanced Analytics)||MS in Business Analytics|
|University of Notre Dame (Mendoza)||MS in Business Analytics|
|University of California at Davis (Davis)||Master of Science in Business Analytics|
|Southern Methodist University (SMU Cox)||MS in Business Analytics and Project Management|
|Wake Forest University||MS in Business Analytics|
|Rensselaer Polytechnic (Lally)||MS in Business Analytics|
|UT Dallas (Naveen)||MS in Business Analytics|
|George Washington University||MS in Business Analytics|
|William & Mary (Mason)||Master of Science in Analytics|
|UC San Diego (Rady)||Master of Science in Business Analytics|
|University of Cincinnati (Lindner)||Operations Analytics and Management|
|University of Washington (Olin)||Master of Science in Business Analytics|
|Drexel University (LeBow)||Masters of Science in Business Analytics|
|University of Illinois at Chicago (Liautaud)||MS Business Analytics|
|Case Western University (Weatherhead)||Master of Science in Analytics|
|University of Connecticut (UCONN)||Master of Science in Business Analytics|
|University of Rochester (Simon)||Master of Science in Business Analytics|
|Clark University||MS in Business Analytics|
|American University (Kogod)||Master of Science in Analytics|
|Fordham University (Gabelli)||Master of Science in Business Analytics|
|Worcester Polytechnic Institute||Operations Analytics and Management|
|Suffolk University||Master of Science in Business Analytics|
|University of Bentley (McCallum)||Masters of Science in Business Analytics|
|Cal Poly (Orfalea)||MS Business Analytics|
|Georgia State University (Robinson)||Master of Science in Analytics|
|Kent State University||Master of Science in Business Analytics|
|University of Texas at Arlington||Master of Science in Business Analytics|
|Hofstra University (Zarb School of Business)||MS in Business Analytics|
Careers after Business Analytics in USA
A chain of shopping malls can use Business Analytics to use data to understand where to open their next branch for higher profits. Employers could range from Financial institutions to Healthcare organizations, Database marketing and market research firms to Analytics groups, Consulting firms, Retailers to major supermarkets chains. You can become:
Operations Research Analyst
Data Scientist and other Big Data Roles
Data Business Analyst
Business Analyst Manager or Consultant
Data Visualization Analyst
Who should pursue a Master of Science in Business Analytics?
An MS in Business Analytics should have an aptitude for both technical and business skills, including management and communications, problem analysis and problem solving. These students become proficient with state-of-the-art technologies such as machine learning and optimization, and have to be proficient in communications to convey their ideas. As a result, business analytics graduate programs are ideal for professionals who thrive in environments where they must use a blend of creative, technical and communication skills. It builds on statistics and operations research, congregating tools and expertise from computer science, engineering and business.
Salary of Business Analytics graduates in USA
The average starting salary of business analytics graduates in the USA is around $82000 annually. Many students who have studied Masters in Business Analytics have grossed around $110000 annually too.
STEM Degree – Master’s in Business Analytics
Masters in Business Analytics at most US Universities is a STEM degree. This means, you can thus work in the US for upto three years after studying MS in Business Analytics. Learn more about STEM Courses in the US
Study MS in US
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As one of the leading US Education Counsellors in Mumbai, our US education experts will be happy to help you with your plans to study Masters in USA.
Our counseling is comprehensive and included everything that you need:
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- Shortlisting of US Universities (after suggesting the right program for your future)
- Building / crafting a perfect resume
- Essay / SOP editing (most of our students will say that we are brilliant at this!)
- Application guidance
- Scholarship applications
- Visa guidance
- Networking with other students
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