Top Business Analytics Universities in USA

Top Business Analytics Universities in USA

Top Business Analytics Universities in USA
Santosh Neupane

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

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Masters 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

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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

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