Last Updated: January 19, 2021
An MBA in business analytics prepares students for careers in business intelligence and data mining. As business and marketing industries become increasingly dependent on data, these industries also experience increasing demand for experts who can analyze data.
Professionals looking to advance their careers can position themselves for success and growth with an MBA in business analytics. The Bureau of Labor Statistics (BLS) projects an 18% job growth rate for market research analysts from 2019-2029, with positive growth also projected for many similar analytics careers.
To meet the growing demand for qualified data analysts, many business schools offer online programs for MBAs in business analytics. Our list of top programs offers a helpful starting point for prospective students searching for their ideal school.
2021's 10 Best Online Business Analytics Degrees
|1||Villanova University||Villanova, PA|
|2||University of Illinois at Urbana-Champaign||Champaign, IL|
|3||University of North Carolina at Chapel Hill||Chapel Hill, NC|
|4||University of Maryland, College Park||College Park, MD|
|5||University of Massachusetts Amherst||Amherst, MA|
|6||University of Delaware||Newark, DE|
|7||Pennsylvania State University||University Park, PA|
|8||Milwaukee School of Engineering||Milwaukee, WI|
|9||University of North Carolina at Wilmington||Wilmington, NC|
|10||Central Michigan University||Mount Pleasant, MI|
What Is Business Analytics?
The study of business analytics involves data collection and interpretation. Students pursuing an MBA in business analytics learn to evaluate statistical research and manage teams of researchers. Professionals in data analysis play a significant role in the success of their organizations.
Advances in technology and data collection continue to boost the growth of big data, or statistical market information gathered across industries. Analysis and proper application of big data helps companies gain a competitive edge, improve customer engagement, and increase market influence.
Although machines complete some of the work associated with big data, professional analysts must collect, process, and analyze data to improve organizational decision-making. Careers in this industry include financial analyst, marketing analyst, director of analytics, business intelligence analyst, and business systems analyst.
Job opportunities in data analytics continue to grow as the expert interpretation of data becomes necessary across industries.
Graduates with an MBA in data analytics possess the ability to make decisions and draw wisdom from current events. Business professionals can make a positive impact with expert analytic training.
Why Get a Business Analytics MBA?
Many professionals consider the possibility of returning to school to earn an advanced degree. While a graduate education requires a significant investment of time and money, an MBA may offer significant career and salary advancement opportunities.
An MBA degree can provide a quality education and a positive return on investment. Additionally, prospective students pursuing an online MBA in business analytics can take advantage of the savings and professional benefits while completing their virtual courses on their own time.
- Competitive Edge: Earning an MBA demonstrates a candidate's ambition and competency to employers. Graduates can make themselves especially competitive in the job market if they hold a specialization or concentration like business analytics.
- Career Advancement: Advanced industry knowledge and an analytics speciality can help professionals advance their careers and qualify for senior management roles.
- Flexible Program Options: Many learners complete their MBA online on a part-time schedule. Thanks to the flexibility of the online MBA format, enrollees can learn at their own pace while maintaining work-life balance.
Ranking the Top 10 Online MBAs in Business Analytics, 2021
Data-driven management decisions can impact employees, consumers, and entire industries. We invite you to explore the 15 best online MBAs in business analytics 2021 has to offer.
To learn more about how we rank schools, visit the link below.
What the Best Business Analytics Programs Have in Common
Each program in our rankings offers unique student experiences and diverse academic opportunities, but the best online MBAs in business analytics share several important characteristics.
They are accredited. Accredited schools submit to regular, third-party evaluation of their academics, faculty qualifications, and student services. All schools in our ranked list are accredited. Programmatic and regional accrediting bodies to look for when evaluating MBA programs include:
- Association to Advance Collegiate Schools of Business (AACSB)
- Higher Learning Commission (HLC)
- Middle States Commission on Higher Education (MSCHE)
- Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
- New England Commission of Higher Education (NECHE)
- Northwest Commission on Colleges and Universities (NWCCU)
- They are affordable. A quality graduate education often presents a significant financial investment, but the best colleges and universities offer their students avenues to reduce the burden of out-of-pocket expenses. For example, Oregon State University provides opportunities for online MBA students to secure alumni scholarships, need-based aid, and merit-based funding. Net price, default loan rate, and the average amount of aid also factor into a school's affordability.
- They are reputable. The best online colleges and universities invest in education and the career outcomes of their graduates. Florida Southern College connects each MBA student with an executive mentor who offers insight into their professional goals. Other ways to measure a school's reputation include the total percentage of applicants admitted and the number of students who accept admission offers.
- They offer strong academic programs. Top colleges and universities maintain high student retention and graduation rates coupled with low student-to-faculty ratios. You can also identify a strong online graduate school by the number of remote students enrolled and the number of online master's degrees offered. For example, Penn State operates a dedicated World Campus, with more than 100 online degrees and certificates for graduate students.
1. Villanova University
|Private university in Villanova, PA, accredited by MSCHE and AACSB|
Founded in 1842, Villanova instructs more than 10,000 undergraduate, graduate, and law students across six colleges. Villanova is the only Augustinian Catholic university in the U.S.
The Villanova School of Business' online MBA offers a robust curriculum, elite faculty, and a practical curriculum that encourages students to pursue leadership opportunities and implement new ideas in the workplace.
Learners can choose from five specializations. The analytics focus requires at least 7.5 credits in the subject area, with available courses including introduction to business analytics, analytical methods for data mining, and business intelligence.
Within the first two semesters of the program, students must visit campus to attend a weekend leadership challenge course. Villanova strongly encourages MBA candidates to participate in week-long international immersion as part of the final capstone. Individuals unable to travel may complete a domestic capstone equivalent.
Applying to Villanova
Villanova requires applicants to provide a current resume, two essays, two letters of recommendation, and GMAT or GRE scores. Accepted students can begin the program in the fall, spring, or summer semesters.
Program at a Glance
2. University of Illinois at Urbana-Champaign
|Public university in Champaign, IL, accredited by HLC|
More than 47,000 students attend the U of I. Founded in 1867, the public, land-grant university is a world-class leader in research, teaching, and public engagement.
In the MBA program at U of I's Gies College of Business, students connect with peers and professors through synchronous class sessions, weekly office hours, and a student-run social media platform. Though enrollees do not need to travel or complete in-person residencies, they often opt to attend regional meet-ups and/or international trips.
The 72-credit online MBA in business analytics focuses on strategy, methods, tools, and applications widely used in global firms. Students can choose from eight specializations. Courses cover subjects like data modeling and predictive analysis, communicating with data, and applying analytics across business functions.
Students complete three capstone projects throughout the program.
Applying to Illinois
MBA admission requirements include a completed bachelor's degree with a minimum 3.0 GPA and at least three years of operational or managerial experience. Each applicant must provide an essay, three letters of recommendation, and a $70 application fee.
Program at a Glance
3. University of North Carolina at Chapel Hill
|Public university in Chapel Hill, NC, accredited by SACSCOC|
UNC-Chapel Hill became the nation's first public university upon its founding in 1795. Today, the university enrolls 19,000 undergraduates and 11,000 graduate and professional students.
The online MBA in data analytics at UNC helps students learn to create and communicate strategic business decisions based on data use.
Weekly live class sessions using webcams allow for real-time, face-to-face interaction. UNC's learning platform also uses breakout rooms, document sharing, and negotiation simulations. Enrollees can access other course content at any time from any internet-enabled device.
Students must attend at least two quarterly summits during the program — either international summits or on-campus experiences in Chapel Hill. These three-day intensive learning experiences provide opportunities for collaboration, networking, and immersive education.
Applying to UNC
Each applicant needs at least two years of professional experience. Individuals with fewer than five years of experience should submit GRE/GMAT scores. UNC requires two letters of recommendation, two essays, a $150 application fee, and a personal interview via webcam.
Program at a Glance
4. University of Maryland, College Park
|Public university in College Park, MD, accredited by MSCHE|
UMD, as the state's flagship university, provides instruction to more than 41,000 students each year. The public institution boasts 301 academic programs across 12 colleges and schools.
UMD's Robert H. Smith School of Business offers a highly interactive and flexible format for students pursuing its online MBA in business analytics. Learners access course material and assignments at their convenience, augmented with synchronous class meetings.
The information systems and business analytics track comprises courses in data mining and predictive analysis, social media and web analytics, and managing digital businesses and platforms. The degree culminates with a business simulation capstone experience.
Enrollees can access all courses remotely, but the program begins with a required three-day residency on its College Park campus. If desired, learners can spend 10 days abroad, participating in UMD's global studies program.
Applying to UMD
UMD recommends that each prospective student obtains at least two years of work experience before applying. Required application documents include one recommendation letter, current resume, one essay, and GMAT or GRE scores. A $75 application fee also applies.
Program at a Glance
5. University of Massachusetts Amherst
|Public university in Amherst, MA, accredited by NECHE and AACSB|
UMass Amherst operates in an idyllic rural setting close to major urban destinations. UMass Amherst is the largest public research university in New England, enrolling over 30,000 students each year.
The flexible MBA in business analytics at UMass Amherst allows enrollees to complete the program entirely online or through a combination of online and on-ground courses at satellite locations in Springfield, Shrewsbury, and Boston.
The 45-credit program requires core courses such as financial and managerial accounting, corporate finance, human resource management, and business law. The business analytics focus area requires nine elective credits covering subjects like data management, artificial intelligence, and digital marketing.
The Isenberg School of Management offers special financial and academic benefits to military members and students employed by or affiliated with partner organizations.
Applying to UMass Amherst
To apply, each prospective student must provide a personal statement, two letters of recommendation, a resume demonstrating at least three years of work experience, and GMAT or GRE scores, unless eligible for a waiver. An $80 application fee also applies.
Program at a Glance
6. University of Delaware
|Public university in Newark, DE, accredited by MSCHE and AACSB|
UD traces its earliest origins to the 1743 establishment of a school in New London, Pennsylvania. The school relocated to Newark by 1765 and eventually grew into the modern university with more than 23,000 students.
The same UD professors who lead in-person courses instruct enrollees in this online MBA in business analytics. Each online learner receives access to a personal career coach, scholarship and financial aid opportunities, and a flexible, asynchronous format to accommodate any schedule.
The business analytics concentration requires students to complete three courses from the following options: database design and implementation, decision analytics and visualization, data mining for business analytics, and business analytics capstone. A capstone simulation places learners in the role of business data analysts.
UD's online MBA requires no travel or on-campus residencies. Degree-seekers can choose from six program start dates throughout the year.
Applying to UD
A prospective student must hold a bachelor's degree with a minimum 2.8 GPA and at least two years of work experience. UD requires candidates to submit GRE or GMAT scores, with waivers available based on GPA, work, and math education history.
Program at a Glance
7. Pennsylvania State University
|Public university in University Park, PA, accredited by MSCHE and AACSB|
As the state's only land-grant institution, Penn State enrolls nearly 90,000 undergraduate, graduate, medical, and law students each year. Penn State remains committed to making a positive impact on communities around the world.
The 48-credit MBA developed by the Penn State World Campus and Smeal College of Business helps students approach problem-solving from a holistic perspective. Penn State offers specializations in 20 different functional areas, including business analytics.
To earn an MBA in business analytics, students must complete nine credits of concentration coursework in addition to core requirements. These courses explore descriptive, predictive, and prescriptive analytics for business professionals.
Penn State connects online learners to resources, including career counseling, technical support, and the university libraries system. Enrollees complete a required five-day residency on campus at the start of the program.
Applying to Penn State
Penn State requires each applicant to provide transcripts, a resume, essay response, contact information for two references, and GMAT or GRE scores, unless eligible for a waiver. A $65 application fee applies.
Program at a Glance
8. Milwaukee School of Engineering
|Private university in Milwaukee, WI, accredited by HLC|
MSOE, as a private, nonprofit institution, focuses on developing leaders and professionals in engineering, business, and nursing. Founded in 1903, MSOE currently enrolls a close-knit community of 2,700 students.
Designed for leaders who want to solve business problems in a technical world, the MSOE online MBA in business analytics prepares graduates to make data-driven decisions. Required specialization courses include predictive analysis, data visualization, and analytics leadership and strategy.
Two professional seminar courses invite each student to perform a self-analysis, create leadership development goals, and acquire skills in persuasive communication. The program culminates with a capstone project and presentation.
The MSOE MBA can be completed entirely online or through a combination of face-to-face classes and distance learning. Remote students connect with peers and professors through discussions, case studies, chat, and interactive whiteboards.
Applying to MSOE
Each MBA applicant needs to submit official transcripts and two letters of recommendation. Individuals with undergraduate GPAs below 2.8 should provide GMAT or GRE scores. MSOE charges no application fee.
Program at a Glance
9. University of North Carolina at Wilmington
|Public university in Wilmington, NC, accredited by SACSCOC and AACSB|
Established in 1947, UNCW attracts nearly 18,000 undergraduate and graduate students each year. UNCW sits on the state's coast and boasts an appropriate mascot: Sammy the Seahawk.
Full-time learners can graduate with MBAs in business analytics from UNCW in as little as one year. The 36-credit program deepens students' knowledge of business operational areas like business law, accounting, corporate finance, and marketing.
Specialization coursework teaches learners to access and analyze data, develop and use modeling techniques, and apply statistical analysis in real business situations. Courses follow an asynchronous format and allow for access on laptops, tablets, and mobile phones.
The UNCW MBA requires no travel or on-campus residencies. Online students can take advantage of technical support and the university's expansive virtual library.
Applying to UNCW
An MBA applicant needs at least two years of work experience and a minimum 3.0 undergraduate GPA. Required documentation includes a resume, statement of interest, two letters of recommendation, and GMAT or GRE scores, unless eligible for a waiver.
Program at a Glance
10. Central Michigan University
|Public university in Mount Pleasant, MI, accredited by HLC and AACSB|
Established in 1892, CMU fosters an inclusive learning community as home to an active research institution. Nearly 20,000 students attend CMU, including 8,000 individuals studying online.
Students enrolled in CMU's online MBA program can select from 11 concentration options, including business data analytics. The degree requires nine core courses, along with three specialization courses in business decision modeling, business data analytics, and data visualization.
The specialization prepares graduates to interpret and apply data to the decision-making process and to present findings clearly and effectively. The degree culminates with an integrative experience that asks students to develop competitive business strategies. Enrollees do not need to participate in any on-campus residencies.
CMU primarily conducts online courses in an asynchronous format, though instructors may schedule synchronous chat sessions throughout the semester.
Applying to CMU
Each applicant should demonstrate a minimum 2.7 undergraduate GPA and submit a professional resume and personal statement. CMU recommends prior knowledge or prerequisite courses in economics, statistics, accounting, and finance.
Program at a Glance
11. Colorado State University
|Public university in Fort Collins, CO, accredited by HLC|
The 30,000-strong CSU community operates on principles of inclusion, integrity, respect, service, and social justice. CSU is located in Fort Collins, which commonly ranks among the best places to live and work in the United States.
Professionals from around the world come together to pursue the online MBA program at CSU. The 42-credit degree offers a robust marketing data analytics specialization that prepares graduates for roles in market research, brand management, and data science.
Required core courses include database concepts, search engine marketing and optimization, business intelligence, and digital marketing. The program culminates with a marketing practicum. Working in self-managed teams, MBA students consult with real-world business clients and aim to solve data-driven marketing problems.
The CSU MBA in data analytics requires no on-campus residencies. Most courses use an asynchronous format for maximum flexibility.
Applying to CSU
Each online MBA applicant should possess an undergraduate degree with a preferred 3.0 GPA and at least four years of professional experience. Required application materials include three professional recommendations, a statement of purpose, and a current resume.
Program at a Glance
12. William & Mary
|Private university in Williamsburg, VA, accredited by SACSCOC|
As the second-oldest institution of higher education in the country, W&M carries core values of diversity, research, and community service. Over 6,000 undergraduates and 2,500 graduate students attend each year.
The W&M online MBA embraces design thinking as an essential element of leadership. At the start of the program, each student selects a "wicked problem" to approach throughout their courses, with the ultimate goal of crafting and presenting a set of possible solutions.
Along with this unique approach, an enrollee can add a 12-credit business analytics certificate to their online experience. Required courses include probability and statistics, Python programming, and linear algebra for business analytics.
W&M's online programs emphasize group work, and students regularly use technology like Zoom, Skype, and Google Docs to work collaboratively. One on-campus residency is required.
Applying to W&M
A W&M online MBA applicants must hold a bachelor's degree with a minimum 3.0 GPA and at least two years of professional experience. Required application materials include a resume or CV, two personal essays, and two professional references.
Program at a Glance
13. Florida Southern College
|Private university in Lakeland, FL, accredited by SACSCOC and AACSB|
Florida Southern is the oldest private college in the state and ranks among the nation's top producers of Fulbright Student grant recipients. The university enrolls 3,500 students with a low 14-to-1 student-to-faculty ratio.
With average class sizes of just 12 students, the MBA program at Florida Southern provides every individual with the support and personal attention required to excel. Each MBA candidate receives an executive mentor with whom they communicate each month.
The 33-credit program offers four specialization tracks. To complete an MBA in business analytics, students take courses in data visualization, quantitative data analysis, and leading a data-driven organization.
Over 60% of MBA students at Florida Southern participate in international field experience electives. Learners may also take part in graduate internships. Candidates can pursue one-time, merit-based scholarships based on GMAT or GRE scores.
Applying to Florida Southern
MBA program admission requires a minimum 3.0 undergraduate GPA. Each prospective student must provide official transcripts, a current resume, personal statement, letter of reference, and GMAT or GRE scores, unless eligible for a waiver.
Program at a Glance
14. Oregon State University
|Public university in Corvallis, OR, accredited by NWCCU|
Over the last 150 years, OSU has grown to operate two campuses, 11 colleges, and extension programs across 36 countries. The public research university enrolls more than 30,000 students each year.
Graduates of OSU's online MBA in business analytics possess the knowledge and skills to identify opportunities for data analytics within organizations and communicate with audiences of diverse backgrounds.
The degree requires a total of 60 credits, including a final team-based analytics project. OSU accommodates the needs of working professionals, offering both 100% online and hybrid delivery with on-ground courses in Portland.
MBA students receive advancement and placement support from the OSU career success center. Candidates can pursue fellowships and scholarships based on merit, need, and alumni status to reduce out-of-pocket expenses.
Applying to OSU
OSU evaluates applicants based on their academic profile, test scores, and professional experience. Each candidate must supply a $75 application fee, official transcripts, a resume, two references, GRE/GMAT scores, and several short essay responses.
Program at a Glance
15. Babson College
|Private university in Wellesley, MA, accredited by NECHE and AACSB|
Babson believes that entrepreneurial action can solve problems and make an impact in any organization. The nonprofit institution attracts over 2,500 undergraduates and nearly 1,000 graduate students.
Babson emphasizes experiential learning throughout its 45-credit MBA curriculum. Students receive multiple opportunities to consult with C-suite executives, including one mandatory team experience and one optional elective. Electives comprise two-thirds of the entire degree plan, ensuring maximum customization according to student goals and interests.
The business analytics concentration requires two foundation courses in data analytics and data management. Students round out their experience with an application-focused course in either economics or marketing, plus one additional elective.
Babson's part-time MBA in business analytics allows students to attend evening classes in person or online. Additional attendance options include weekend intensives and international travel electives.
Applying to Babson
To apply, each prospective student must submit several short-answer question responses, official transcripts, a resume, one professional letter of recommendation, and a video interview. A $100 application fee also applies.
Program at a Glance
What to Expect From Business Analytics MBA Programs
MBA in business analytics programs prepare learners for successful careers in business and data analysis. Like other graduate-level business programs, MBA programs provide students with foundational knowledge in core subjects. However, a specific concentration in business analytics also readies graduates for lucrative careers analyzing, forecasting, and using data to solve problems.
Analytically minded students should consider either a master of science in business analytics or an MBA with a concentration in business analytics. These degrees offer slightly different career paths and require their own skill sets, so candidates should select a program based on their professional goals.
Business analytics programs generally take 1-2 years to complete and require a minimum of 30 credits, often including a capstone project requiring additional time and research. Tuition cost varies by program, so students should identify affordable programs that match their lifestyles and learning needs.
Prospective analysts can take advantage of flexible program options to complete their degree. Many online MBA in business analytics programs allow students to complete their degree part time. Others offer accelerated paths for students to finish their studies in 12-18 months.
The MBA Admission Process
Candidates must satisfy several prerequisites before applying for an MBA in business analytics program.
- Prior Education: An MBA in business analytics builds on general business knowledge, so applicants need to hold a bachelor's degree in business.
- Work Experience: Since the MBA is a professional degree, many programs prefer students with work or internship experience. The ideal MBA candidate possesses at least two years of work history.
- Required Tests: MBA program admission generally requires successful completion of the GMAT, though some programs accept GRE scores. Required test scores vary by school, but students should prepare for the exam by setting a goal and developing a study plan.
- Application Process: Candidates generally need to create an account with the school they wish to attend and provide additional materials like transcripts, resumes, letters of recommendation, and admission essays.
Business Analytics Degree Options
Students who want to develop a graduate-level understanding of business analytics can pursue an MBA or a master of science in business analytics. The MBA helps students prepare to manage businesses and make data-driven decisions. The MS focuses on technical skills and builds experience using analytic tools.
An MBA in business analytics teaches business professionals to lead and manage data analytics projects within an organization. MBA programs generally offer business analytics as a concentration rather than the main focus of the degree. Coursework for the MBA degree focuses on the general application of data analytics to improve business outcomes.
Students interested in technical careers in data science often pursue an MS in business analytics. The MS degree offers more practical experience in using software engineering and predictive modeling.
Comparing Business Analytics and Data Analytics Degrees
Due to the variety of degree options, prospective students should compare programs carefully to select the right graduate program for their needs. Students with a business background may consider programs in business analytics or data analytics, but should ultimately decide based on their skills, experience, and goals.
Both master's programs generally require 30 credits, which may take 1-2 years to complete. However, the degrees vary in their academic focus and support slightly different career paths. Business analysts frequently work collaboratively, while data analysts often work independently.
|Business Analytics||Data Analytics|
|Focus||Analysis of information to make data-focused business decisions, implement data-driven changes, and use insights to identify business problems and solutions||Analysis of datasets, systems design, discovery of business trends and insights, and data-driven organizational decision-making|
|Program Length||1-2 years||1-2 years|
|Course Load||30 credits||30 credits|
|Student Demographics||Students with business background and industry experience||Students with technical or STEM backgrounds and software or engineering experience|
|Goal||Prepare students to use data to inform strategic business decisions||Prepare students to operate and analyze data systems and databases|
Popular Business Analytics Courses
Although curricula vary by school, most MBA programs share core requirements like foundation courses in finance, marketing, operations, and ethics. An MBA with a concentration in business analytics also includes elective courses that prepare students for specific analytics scenarios.
In addition to the core and elective MBA courses, degree-seekers must also complete an internship, practicum, or thesis. These capstone experiences provide opportunities to apply classroom skills to real-world scenarios.
- Finance: This core course focuses on financial concepts, capital markets, and investment decisions. Financial management coursework explores risk, funding, and shareholder value through the study of realistic business problems. Participants also learn to analyze financial statements and manage cash flow.
- Marketing: This core course covers pricing, campaign creation, public relations, sales, branding, and digital marketing. General marketing coursework prepares students to satisfy a variety of industry needs. In addition to studying consumer behavior, enrollees may also create products and test their market success.
- Accounting Analytics: This elective course explores the connections among financial statement data, non-financial metrics, and financial performance. Participants learn to use performance metrics to forecast future scenarios. Accounting analytics coursework also includes consumer behavior predictions, risk management, and corporate strategy.
- Data Mining: This elective course covers the process of extracting information and knowledge from data sets. Students practice data mining techniques using commercial software. Topics include discriminant analysis, neural nets, logistic regression, clustering, and other methods of interpreting output from artificial intelligence.
- Practicum: MBA programs typically require an applied practicum. Prospective business professionals work closely with faculty to identify and explore industry problems. Participants may conduct client interviews, complete research, perform data analysis, and prepare presentations offering solutions to these industry problems.
How Much Will a Business Analytics MBA Cost?
The cost of earning an MBA in business analytics may vary based on the prestige of the school, program length, and instruction style. MBA candidates should expect to spend 1-2 years studying business analytics, including a practicum. MBA degrees typically comprise 30 credits and cost $10,000-$45,000.
Students should also factor in the opportunity cost of any lost earnings. Few degree-seekers can combine full-time study with full-time employment.
Although elite private schools often charge steep tuition costs, learners can take advantage of accredited programs available through more affordable public schools. Some online MBA in business analytics programs cost less per credit, and allow degree-seekers to maintain full-time employment.
To reduce their overall debt burden, graduate students can also pursue financial aid sources such as grants, scholarships, loans, and fellowships.
Jobs for MBAs in Business Analytics
Many business careers begin with a bachelor's degree, but candidates can make themselves more competitive in the job market by pursuing a graduate education and specialization.
As algorithms and machine learning continue to proliferate, so does the need for professionals who can interpret and analyze data. Students interested in lucrative business careers can benefit from graduate training in business analytics.
Professionals with an MBA in business analytics enjoy a variety of job opportunities with comfortable salaries. According to PayScale, the average annual salary for graduates with this degree is $77,180. An MBA also qualifies professionals for management roles, which can fetch even higher salaries.
Financial Analyst: Careers in financial analysis require proficiency in analyzing data, determining risk, and developing solutions that benefit businesses. Senior financial analysts may also manage and train analyst team members.
- Required Education: Bachelor's degree, master's preferred for advancement
- Job Outlook: +5%
- Median Annual Salary: $81,590
Financial Manager: Careers in financial management entail developing budgets and creating reports for an organization. Financial managers make investment forecasts, collaborate with other managers, and establish company budgets.
- Required Education: Bachelor's degree, master's preferred
- Job Outlook: +15%
- Median Annual Salary: $129,890
Management Analyst: These professionals find ways to improve efficiency in their organizations. They use methods for reducing cost and increasing revenue, recommending changes to management through written reports or presentations
- Required Education: Bachelor's degree, MBA often preferred
- Job Outlook: +11%
- Median Annual Salary: $85,260
Selecting Your Business Analytics MBA Program
MBA candidates can begin their college searches with our ranked school lists, but they should also consider the following educational factors in their research.
- Accreditation: Students should look for programs at accredited schools to ensure high academic quality. For business degrees, the best programs hold accreditation from the Association to Advance Collegiate Schools of Business.
- School Size: Learners may find that the size of the student body affects their course and concentration offerings. While smaller schools may offer smaller class sizes, larger schools can offer a greater variety of classes and specializations.
- Cost and Financial Aid: For many working professionals, financing a graduate degree can present difficulties. However, students can pursue financial aid opportunities to make an online MBA in business analytics more affordable.
- Extracurricular Activities: Prospective students should consider the opportunities that an MBA program can offer outside the classroom. Extracurricular activities can enhance a resume and boost business networking opportunities.
- Program Length: Credit load and capstone requirements vary by school. To select a program that meets their needs, learners should carefully consider how much time they can invest in earning a degree.
Why You Should Get Your MBA in Business Analytics Online
Some ambitious business professionals hesitate to return to school due to budget and time constraints. Fortunately, online MBA programs can help address many of the obstacles that working professionals encounter.
Many MBA online programs provide opportunities to gain workforce experience while pursuing a degree. Employers often value work experience as highly as educational achievement, and an online degree may provide an efficient option for professionals looking to advance their careers.
Online MBA programs may lessen the financial burden on enrollees with lower tuition rates. Online learners can also save on campus-related fees like parking, technology, facilities, and health centers. Many professionals pursuing a degree online also enjoy the ability to maintain their regular income.
Some prospective students feel limited in their choice of graduate schools due to their location. Attending a traditional on-campus program often requires a daily commute or relocation. Online programs eliminate the costs and hassle of attending school away from home, as virtual learners can study from anywhere on their own time.
Frequently Asked Questions
What is the scope of an MBA in business analytics?
An MBA in business analytics prepares students to make data-driven business decisions. Enrollees learn to use statistical models and pattern analysis to transform data sets into business information and help solve problems.
Is an MBA in business analytics worth it?
An MBA degree can provide a quality education and a positive return on investment. Graduates may also benefit from a competitive edge in the job market, increased earning potential, and opportunities for career advancement.
What can I do with an MBA in business analytics?
Business analysts collect, process, and analyze big data. Careers in this industry include financial analyst, marketing analyst, director of analytics, business intelligence analyst, and business systems analyst.
What kind of data analytics degrees are there?
Students who want to develop a graduate-level understanding of business analytics can pursue an MBA or an MS in business analytics.
Which is better — an MBA or MS in business analytics?
Both degrees provide advanced analytics education, but they lead to slightly different career paths. The MBA helps students prepare to manage businesses and make data-driven decisions. The MS provides technical skills and experience with analytic tools.