MS in Business Analytics in the USA: Top Universities, Fees, Eligibility

All you want to know about pursuing Masters in Business Analytics in the USA!

Business Analytics is the study of analysing a business's available data to assess its current performance and suggest methods to improve its long-term viability. In today's cut-throat competitive era, knowledge of business analytics tools and methodologies can be beneficial in ensuring a high success rate for any business. MS in business analytics is a top emerging STEM program in the USA, programs, providing graduates with ample research opportunities and job prospects.

What is Master in Business Analytics?

The Masters in Business Analytics, also known as MSBA or MBAn program is designed to equip students with the skills required to apply modern data science and machine learning abilities to solve real-world business problems. MS in Business Analytics program includes coursework in specific areas such as data mining, statistical modeling, forecasting, and data visualization. Students learn to use tools and techniques to analyze large data sets and gain insights to improve business operations, inform strategic decision-making, and drive growth.

Why Study MS in Business Analytics in the USA?

The U.S. provides an array of career opportunities for graduates of Masters in Business Analytics. This is because the Data Analytics market in the US has an approximate worth of USD 30 billion. As a result, the Business Analytics industry hired nearly 30% of the international graduates in MSBA in the USA last year. Furthermore, the average salary was around USD 95,000 per annum.
(ref-https://giesbusiness.illinois.edu/graduate-hub/business-analytics)

• The USA is home to some of the top-ranked MS universities in the world, like UCLA, MIT, Michigan State University etc.

• The Business Analytics market is growing rapidly which would increase employment opportunities for MSBA graduates across the globe.

• US business schools are the best in the world, they prepare students for real-world challenges. You can hone your business analytical skills by learning from faculty and industry leaders who come with extensive experience in the field.

Top Universities for MSBA in the USA

The first step to realising your dream of studying MS in Business Analytics at a US university is to choose the one that matches your expectations. Check out the list of the top 10 universities for MS, as featured in the QS Business Master’s Rankings 2022 for Business Analytics:

Ref: https://www.topuniversities.com/university-rankings/university-subject-rankings/2022/business-management-studies
Ref: https://www.timeshighereducation.com/world-university-rankings/2023/world-ranking#!/page/0/length/25/locations/USA/subjects/3096/sort_by/rank/sort_order/asc/cols/stats

Cost of studying MS in Business Analytics in the USA

The approximate tuition fee for a university in the US offering MS in BA is approximately USD 50,400 per annum. However, this amount may vary depending on the university chosen for the program.

Eligibility requirements for Business Analytics Course in the USA

Indian students applying for MS in Business Analytics in the USA must meet the following eligibility criteria. Before proceeding with your application do check the individual university requirements-

• Academic qualifications- A bachelor’s or undergraduate degree or equivalent. Some US universities may require you to submit academic transcripts in the application process.

• GRE/GMAT score- You may need to share your GRE/GMAT test scores.

• English language proficiency- Minimum 7.5 IELTS band with a score of 7.0 in each section, you can also share TOEFL/PTE or equivalent scores as per university requirements.

• Work experience- You must share any prior professional work background with the university.

• Statement of Purpose- You could be asked to present an essay of intent or SOP for MS.

Course Curriculum for MS in Business Analytics in the USA

The MS in Business Analytics in the USA syllabus primarily focuses on three key areas:

1. Statistics

2. Data Management

3. Analytical Methodologies

Some US universities also allow students to choose electives (optional subjects) such as Finance, Accounting, Management Information Systems (MIS), Economics, Management, and Marketing.

Note: The course curriculum may vary from one college to another, depending on the individual program designed by that institution.

Jobs after MS in Business Analytics in the USA

Graduates in MSBA are likely to be recruited by the companies offering the following jobs after MS in Business Analytics in the USA. The prospective salaries per annum are listed against each job position for your reference:

Want more guidance on which college or university to opt for your MS in Business Analytics program in the US in 2023? Allow IDP’s International Education experts to assist you in making the most critical decision of your career with ease.

FAQs

1. Is MS in Business Analytics good?

A Masters degree in Business Analytics is worth the investment if you're incredibly passionate about Data in your everyday life. Also, if you're keen on learning how to use data to step up your career, an MSBA degree can benefit your career path.

2. What is the course duration of MS in Business Analytics in the USA?

An MSBA degree in the US is generally for 1 or 2 years. However, this duration may sometimes vary from one university to another.

3. Does the US have a demand for Business Analytics?

The Business Analytics industry in the USA has a market worth $30 billion. The country always welcomes professionals to keep the industry going strong.

4. Is MS in Business Analytics considered a STEM course in the US?

STEM is short for Science, Technology, Engineering, and Mathematics. MSBA in the US is a STEM program that uses all these four principles of study in its various programs, such as Data Mining, Discrete Mathematics, and Descriptive Analytics.

5. Can I get an MS in Business Analytics without GMAT in the US?

Yes, it is possible to apply for masters in business analytics course without submitting your GMAT or GRE scores. Always check with university whether accept applications without GMAT or GRE or not.

6. How much does a Masters Degree in Business Analytics cost in the USA?

The approximate cost of studying MSBA in the US is approx USD 50,400 for an Indian student.

7. Is an MS in Business Analytics in the USA superior to an MBA?

MBA and MBAn or MSBA courses are fundamentally similar; both MBA in Business Analytics and MSBA have their merits. Weigh your options well to decide which program fits you best. Determine whether specialised skills in Business Analytics or managerial acumen are the key to further professional growth. Also, MS in Business Analytics is a STEM course, and MBA is not.

8. Does Masters in Business Analytics in the USA require coding?

It is only sometimes necessary to have code-writing ability to work as a Business Analyst. However, programming skills and coding may be handy for a future career in the domain.

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