Business analytics is a set of disciplines and technologies that allow companies to look for quantifiable data for decision-making in marketing, finances, sales, or internal processes. It assists organizations in reducing risks by assisting them in making the best decision based on available data.
Students who earn a Business Analytics degree can use statistical analysis, data mining, natural language processing, optimization, and machine learning to provide practical recommendations to improve business results.
Business analysts are also sought for ethical issues surrounding technology design, development, and application. The analysis is applied in various areas, such as finance, marketing, and supply chain management.
After completing the program, graduates are hired by large companies such as Amazon, Google, Walmart, Uber, etc., as well as small businesses, government agencies, startups, and consulting companies.
Business analysts are in high demand. According to the U.S. Bureau of Labor Statistics, the broader occupational category of operations research analysts (data and business analysts included) is projected to grow by 20% from 2018 to 2028, much faster than the average for all occupations.
Top Business Analytics Universities in the USA
|
Universities |
Location |
|
MIT Management Sloan School |
Cambridge (MA), United States |
|
UCLA (Anderson School of Management) |
Los Angeles (CA), United States |
|
University of Texas (McCombs) |
Austin (TX), United States |
|
University of Washington Foster |
Seattle (WA), United States |
|
Purdue University (Krannert School of Management) |
West Lafayette (IN), United States |
|
Minnesota University (Carlson School of Management) |
Minneapolis (MN), United States |
|
Wisconsin School of Business |
Madison (WI), United States |
|
Boston (Questrom) |
Lima, United States |
|
University of Maryland (Robert H. Smith School of Business) |
College Park (MD), United States |
|
Arizona State University (W.P. Carey School of Business) |
Tempe (AZ), United States |
Bachelor of Business Analytics in the USA: Tuition fees
An undergraduate degree in business analytics is offered as a 4 years program in the United States. The tuition fee for the Bachelor of Business Analytics ranges from $30,000 to $55,000 per year.
|
Universities/Colleges |
Courses |
Tuition fees per annum |
Duration/Credits |
|
University of Texas (McCombs) |
Bachelor in Business Analytics |
$48,352 |
120 credits/4years |
|
MIT Management Sloan School |
Bachelor in Business Analytics |
$55,110 ($27,755/term) |
4 years |
|
Purdue University (Krannert School of Management) |
Bachelor of Science in Business Analytics and Information Management |
$30,794 |
120 credits |
|
Arizona State University (W.P. Carey School of Business) |
BS in Business Data Analytics |
$31,200 |
120 credit hours |
Bachelors of Business Analytics in the US: Entry Requirements
Academic Requirement:
- Completion of 12 years of education or equivalent
- Prerequisite courses are English and Mathematics
- SAT/ACT, if required by the university
English Language Requirement:
- IELTS: Overall score of at least 6.0 to 6.5, with a minimum score of 5.5 in each band
- TOEFL: Overall score of at least 75 to 85, with a minimum score of 15 in each band
|
Talk to an ExpertMasters of Business Analytics in the USA: Tuition fees
A graduate degree in Business Analytics is offered in the USA as a Master of Science in Business Analytics or a Master of Business Analytics. The course duration is generally 1 to 2 years, and the tuition costs range from $36,000 to $86,000 annually.
|
Universities/Colleges |
Courses |
Tuition fees per annum |
Duration/Credits |
|
MIT Management Sloan School |
Master of Business Analytics |
$86,300 |
12-months |
|
UCLA (Anderson School of Management) |
Master of Science in Business Analytics |
$68,710 (Total Program Fee) |
15 months |
|
University of Washington Foster |
Master of Science in Business Analytics |
$55,532 |
12 months |
|
Purdue University (Krannert School of Management) |
Master Of Science In Business Analytics and Information Management |
$50,400 (Total Program Fee) |
11 months (36 credits) |
|
Minnesota University (Carlson School of Management) |
Master of Science in Business Analytics |
$67,500 (Total Program Fee) |
45 credits |
|
Master of Applied Business Analytics (Part-time) |
$53,120 (Total Program Fee) $1660 per credit |
2 years; 32 credits |
|
|
Wisconsin School of Business |
MS in Business Analytics |
$45,000 |
1 year |
|
Boston University (Questrom School of Business) |
MS in Business Analytics |
$61,050 |
12 to16 months (37 credits) |
|
Arizona State University (W.P. Carey School of Business) |
MS in Business Analytics |
$55,488 (2 semester program) $82,032 (3 semester program) |
9 months |
|
University of Maryland (Robert H. Smith School of Business) |
Master of Science in Business Analytics (MSBA) |
$36,270 ($2,015 * 18) |
1.5 years (30 credits) |
Masters of Business Analytics in the US: Entry Requirements
Academic Requirement:
- A bachelor's degree in quantitative fields such as mathematics, economics, engineering, statistics, or computer science.
- Five years of relevant work experience is necessary for applicants with non-quantitative backgrounds.
- Sufficient exposure to programming languages, statistics, and statistical software.
- GRE/GMAT score is required for an international applicant.
English Language Requirement:
- IELTS: Overall score of at least 7.0, with a minimum score of 6.0 in each band.
- TOEFL: Overall score of at least 90, with a minimum score of 18 in each band
PhD in Business Analytics in the USA: Tuition fees
The PhD program in Business Analytics and Operations focuses its research on methodology development, empirical analysis, and analytical modelling. Very few universities offer the doctoral program in business analytics.
The course duration for a doctoral program is generally 3 to 5 years.
|
Universities/Colleges |
Courses |
Tuition fees per annum |
Duration/Credits |
|
Boston University (Questrom School of Business) |
PhD in Business Analytics |
$61,050 |
5 year |
PhD program in Business Analytics: Entry Requirements
Academic Requirement:
- A bachelor’s degree with a major in music or a master's degree in specialization.
- Some universities require GRE.
- Example of Scholarly Work: 20 to 30 minutes of original creative work
In addition to academic requirements, universities may require evidence of research, publication or work experience in an analyst position around policy-making.
English Language Requirement:
- IELTS: 6.5-7.0, with a minimum score of 6.0 in each band.
- TOEFL: Overall score 80-85, with a minimum score of 18 in each band
- PTE: Overall 55-65.
Top Business Analytics Universities in the USA: Scholarships
The following table lists the scholarships for international students eligible for business analytics degree programs in the United States.
The scholarships may be general or specific for business analytics disciplines.
|
University |
Scholarships |
Amount |
|
University of Texas (McCombs) |
International Education Fee Scholarship |
N/A |
|
MIT Management Sloan School |
MIT Scholarship |
$45,146 |
|
Minnesota University(Carlson School of Management |
Scholarships for International Students |
N/A |
|
Boston University (Questrom School of Business) |
Questrom Doctoral Fellowship |
$58,560 for years 1-2, and $7,108 for years 3-5 |
|
Arizona State University (W.P. Carey School of Business) |
PixelPlex Bi-Annual Scholarship |
$2,000 |
Job Prospects after Pursuing MS in Business Analytics in the US
|
Top Business Analytics Universities in the USA: Scope and Jobs
Business analytics incorporates a data-driven approach to business, using statistics and data modelling to develop new business insights.
The blend of technology and business has created a massive demand for business analytics professionals. It has become significant for the advancement of organizations in today’s world. Graduates of the program have opportunities in various sectors such as manufacturing, financial institutions, health care, government, education, technology, etc.
In any of those mentioned areas or beyond, after completion of a master's degree in business analytics in the USA, candidates can pursue their careers as Analyst Managers, Business Analysts, Business Intelligence Analyst, Data Analyst, Data Scientists, Marketing Data Analyst, Risk Analyst, Supply Chain Data Analyst, etc. The average salary for a graduate degree holder in business analytics in the USA is $73,000 annually.
|
Role/Positions |
Range of Salary |
Average Annual Salary |
|
Data Scientist |
$ 64,000 - $ 109,000 |
$ 84,563 |
|
Data Analyst |
$ 53,000 - $ 91,000 |
$ 69,622 |
|
Analytics Consultant |
$ 60,000 - $ 100,000 |
$ 77,320 |
|
Data Engineer |
$ 71,000 - $ 119,000 |
$ 92,274 |
|
Marketing Analyst |
$ 54,000 - $ 100,000 |
$ 72,459 |
|
Financial Analyst |
$ 48,000 - $ 76,000 |
$ 60,756 |
|
Supply Chain Analyst |
$ 40,000 - $ 69,000 |
$ 53,937 |
|
Reporting Analyst |
$ 49,000 - $ 78,000 |
$ 62,232 |
|
Risk Analyst |
$ 84,000 - $ 137,000 |
$ 110,962 |
|
Business Systems Analyst |
$ 57,000 - $ 92,000 |
$ 73,090 |
|
Statistical Analyst |
$ 47,000 - $ 69,000 |
$ 58,291 |
|
Management Consultant |
$ 48,000 - $ 90,000 |
$ 66,739 |
|
Sales Operations Analyst |
$ 54,000 - $ 90,000 |
$ 69,939 |
|
Analytics Manager |
$ 72,000 - $ 127,000 |
$ 99,320 |
|
Business Intelligence Developer |
$ 59,000 - $ 111,000 |
$ 47,604 |
|
Research Analyst |
$ 38,000 - $ 65,000 |
$ 50,195 |
|
Data Management Specialist |
$ 40,000 – $ 78,000 |
$ 54,240 |
