Why Pursue a Career in Business Analytics?
A career in business analytics is a very savvy choice, primarily due to the fact that it is an ever-growing industry area. According to Forbes, a job in this field makes the list of the 10 most recession-proof occupations, ensuring that it is a reliable option. Although a degree in IT is not a necessity to pursue this career, it is a complimentary skill set that it likely to prove useful and beneficial. The same can be said for project management and most people looking to move into business analytics should also be willing to take on a position of leadership.
What is a Master’s in Business Analytics like?
A typical business analytics masters program will last between one and two years, with the option to attend the course on a part-time or full time basis. Business experience is expected and by opting to study part time, students can continue to work in their full-time profession.
There are a number of choices to make when it comes to choosing the most suitable school in which to study a masters of science in business analytics. Specializing in big data and business analytics in a fairly recent development and therefore there are a number of new masters programs being introduced by a variety of business schools. The main thing to be aware of is that the school you select is accredited and approved by the Project Management Institute. Certain elite schools of engineering of course also offer some prestigious business analytics masters programs, such as Columbia and Harvard.
What is the Typical Curriculum of a Master’s in Business Analytics?
This masters degree program will include an overview of the fundamental areas of business with an in-depth focus on data analytics techniques. The combination of business and technical knowledge gained will teach the student to create bespoke and efficient business strategies. Students will learn how to best take advantage of the vast amount of data available to businesses, to improve various processes.
What Pre-requisites Do I Need to Attend a Master’s in Business Analytics?
Specific pre-requisites for a business analytics masters varies slightly from school to school but typically a bachelor’s degree from an accredited university, along with three or more years of relevant work experience is expected. Some programs also expect GMAT or GME test scores to be included, as well as proof of English language proficiency for those students who are not native English speakers.
Who Should Consider a Master’s in Business Analytics?
Business analytics is all about making informed decisions for the good of the company, so anyone working in this field must be confident and decisive. This job requires someone who is willing to ask explorative questions in order not only to identify patterns and relationships in data but also to explain them.
What Are the Career Opportunities in Business Analytics?
Indeed.com have stated that the median salary of a business analysis professional with a master of science in business analytics is $76,000, although individuals in a senior position can expect to earn as much as $90,000. There is no doubt that a business analytics masters degree, provides great potential for climbing the corporate ladder and furthering a career in this field.