Why Pursue a Career in Business Intelligence?
Business Intelligence is a sub-sector of the IT industry and a masters degree in BI can do a great deal in setting a particular individual ahead of the competition and giving them an edge in the corporate world. Business Intelligence has a great focus on data and the ability to use that data to make informed decisions. It is an important aspect of survival and growth across all sectors including retail, government, finance, healthcare and education. This means there is excellent versatility and flexibility regarding the setting and environment in which a business intelligence expert can work. Another reason to pursue a career in this area is the huge demand that currently far outweighs the supply (McKinsey and Co), almost guaranteeing you a foot in the door if you hold a master of science in business intelligence.
What is a Master’s in Business Intelligence like?
As with most master degree programs, a master of science in business intelligence can be completed in one to two years and there are both part time and full time courses available. There are currently a limited but growing number of accredited and distinguished institutes offering a business intelligence masters degree. Stevens Institute of Technology is one example of a reputable school offering on campus programs. If you are considering going down the route of the online learning format then the American Sentinel University is a good option, which has been accredited by the Distance Education and Training Council. Another option worth considering is an MBA in Business Intelligence, which is offered by the likes of Capella University and Ashford University. When looking for reputable and accredited schools, don’t forget to consider any available financial aid.
What is the Typical Curriculum of a Master’s in B.I.?
The curriculum of a masters in business intelligence different from that of a standard business masters in that it has a stronger focus on data analysis and providing students with the tools required in the modern day world of big data. A typical BI masters curriculum will cover the topics of data management, risk analysis, advanced statistics and databases.
What Pre-requisites Do I Need to Attend a Master’s in Business Intelligence?
Prerequisites for a master’s in business intelligence include a bachelor’s degree from an accredited college or university. Most institutes also require GRE or GMAT test scores, although these can sometimes be substituted for a graduate degree in business or engineering.
Who Should Consider a Master’s in Business Intelligence?
Anyone looking to start a career in business could benefit from completing a Masters in Business Intelligence. Those with existing skill sets or experience in such areas as programming, SQL, relational databases reporting software and analysis will definitely be well suited to this program.
What Are The Career Opportunities in Business Intelligence?
According to the Bureau of Labor Statistics, over the next 8 years there will be around 157,000 new job openings targeting business intelligence master degree holders. This means there are excellent opportunities available at this time and in the foreseeable future in this ever-expanding field. The entry-level salary for a professional with a master of science in business intelligence is one average $70,000. As experience is gained and the corporate ladder is climbed this median salary will inevitably increase.