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Why Pursue a Career in Analytics?

The field of analytics is both exciting and constantly evolving and it offers a wide range of experiences requiring different skills and specialties. It is a generally a challenging area in which to work but the importance of the roles that are generally assumed and the potential for success can be rewarding. Analytics is becoming increasingly recognized as a tool that can benefit institutes, organization and businesses of all types and sizes. A master of science in analytics can help to progress a career in a number of areas with the most common one being business. Most people considering a degree in this area will have certain amount of business or IT experience, with an interest in moving on to specialize in the field of analytics.

What is a Master’s in Analytics like?

M.S. in Analytics programs will be fairly new to most business schools and universities, due to the recent growth and development in the area of big data. Typically, analytics masters degrees can last between one or two years, and students have the option of studying part time of full time. There is also choice over the program delivery format as both campus-based and online programs are available from reputable and credited institutes. The program fees will vary depending on the school, the length of the program and the delivery format.

There is a growing number of schools offering a master’s of science in analytics, and research will be required in order to find the most suitable and accredited institute for your needs. The Institute for Advanced Analytics at North Carolina State University is one example of an institution offering a full time masters in analytics whilst Harrisburg University of Science and Technology provides a choice of full time, part time and online study.

What is the Typical Curriculum of a Master’s in Analytics?

A typical analytics masters program will consist of a combination of computer science, applied mathematics and statistics so naturally any prior experience or qualifications in these areas will provide beneficial. Another aspect of the curriculum will involve primary business principles and will describe how and why analytics is such an integral component.

What Pre-requisites Do I Need to Attend a Master’s in Analytics?

This particular master’s is well suited and beneficial to a wide variety of applicants including both recent graduates and experienced business professionals. Degrees in academic subjects including business, engineering, computer programming, economics and mathematics will provide applicants with a solid foundation.

Who Should Consider a Master’s in Analytics?

Anyone with an interest in business, mathematics and teamwork would be well suited to a role in analytics. Students will learn how to use the tools and methods of analysis in preparation for use in a genuine industry setting. Strong communication skills are also crucial.

What Are the Career Opportunities in Analytics?

Analysis is a specialist area and there is currently a growing need for experts in this field of business. The methods for collection data are constantly developing and therefore data analysts must do the same. A master of science in analytics will help to advance an existing career and to get onto the career ladder at a reputable organization. According to the Institute for Advanced Analytics at North Carolina State University the average base salary offer for analytics masters graduate was $95,000 in 2013.