What You Should Know About This Degree
When choosing a career in a business that is responsible for data analysis and management, you should also consider pursuing a graduate degree in data science. While business analytics uses data to make strategic business-related decisions, data science uses insights to improve efficiency and solve complex problems. Data scientists and business analysts both work closely with statistics, but the field of data science also relies on coding and computer programming to build algorithms and leverage data. Determine if you’re interested in making key day-to-day decisions with your analysis or are interested in building systems to better understand and organize data when deciding on a master’s degree program.
While the job outlook for graduates with a Master’s in Business Analytics is positive, the field is still competitive. Obtaining certifications can help you demonstrate your advanced knowledge to potential employers and open up additional job opportunities. Consider pursuing certifications such as the Certified Business Analysis Professional (CBAP), Project Management Professional (PMP), Professional Certificate in Team Leadership, and the APICS Certified Supply Chain Professional (CSCP) certification.
The demand for business analysts is expected to be significantly higher than that of other U.S. occupations. As more businesses go online, digitize their records, and turn to data for decision-making, they will look to analytics experts to help lead the way.
Ask yourself these questions when researching graduate programs in business analytics:
- Am I eligible for this program? Students who wish to pursue a master’s degree in business analytics must hold a bachelor’s degree or equivalent in a relevant field. Some programs may require a minimum GPA and Graduate Record Examination (GRE) score, as well as letters of recommendation and professional work experience.
- How long does it take to complete this online degree? Most graduate programs in business analytics take one to two years of full-time study to complete. The schools on our list require students to complete a minimum of 24 and a maximum of 48 credits to graduate.
Every program has specific entry requirements and application deadlines. Contact the school’s admissions department or visit the school’s website for more detailed information regarding the program to which you are applying.
Determine how you will cover the financial costs of your education. Some employers may pay for part or all of your tuition. You may also be eligible for federal student aid, scholarships, and grants.