Business Analytics in the USA

Business analytics refers to a wide field of data-driven analysis of a company's performance and the expected future insights. A business analyst studies and researches the market reaction to the product or service the company has introduced in the past and makes necessary investigations to strengthen the company's structure.

They become the face of the company behind the screen. From hiring and recruitment to inventory management and risk assessment, they plan to oversee the smooth fruition of business operations and processes of the company. They also lead the sales and marketing report and make available forecasted demands and backup plans for any possible turnaround or risks in the market. Business analysts combine statistical and empirical data to create innovative strategies for a business to thrive better.

A range of Business Analytics degrees is offered in the USA. Most of the masters' degrees are one to two years long with an affordable fee structure. The USA has many scholarships, grants and other financial aids to help international students study in global institutions. The USA is also home to some of the QS World top-ranked universities.

Bachelor's degree in Business Analytics is three to four years along. The courses cover a multilevel curriculum and are well-structured. A few of the master's courses demand additional work experience. Some of the courses offered in Business Analytics and related fields are listed below -

Bachelor's degree

• B.Sc. in Business Analytics
• BA (Hons) in Business
• B.Sc. in Analytics
• Bachelor Informatics
• B.Sc. (Hons) in Finance, Operations Research, Management, and Statistics
• Bachelor in Business Data Analytics
• Bachelor of Business Administration (BBA)
• B. Tech in Data Science

Master's degree

• M.Sc. in Business Analytics
• MBA
• M. Tech in Data Science and Engineering
• MSBA
• MS in Data Science

The Master's in Business Analytics in the USA is offered under various degrees. Students can pursue either a science-based MS or M. Tech. Degree or management-based MBA degree. The program is usually 1-2 years long. A wide array of unique specializations is offered for graduate programs. Some of the courses may require students to have hands-on work experience before the degree.

The USA is home to some of the top 10 colleges in Business Analytics in the world.

Students are required to have good management, operational and strategic decision-making skills to adopt a successful career in the field. Some of the specializations offered for a Masters in Business Analytics in the USA are listed below -

• Data Analytics
• Database Management
• Machine Learning
• Data and Network Security
• Information
• Applied statistics

The premier institutes offering master's in Business Analytics hails from the USA. Every year, millions of aspiring students apply to these universities. The USA offers the world's best teaching and learning facilities integrating classroom learning and practical exposure. Graduates generally find a full-time job after a few months of completing their master's programs.

The USA is in short supply of professionals in the field with a trillion data every year.

Some of the top universities in the USA offering master's in business Analytics are -

• Massachusetts Institute of Technology (MIT)
• Harvard B-School
• University of California, Los Angeles
• Carnegie Mellon University
• University of Pennsylvania
• University of Chicago
• University of Texas
• Purdue University
• Duke University
• Columbia University

The eligibility criteria for Business Analytics varies for different schools. Students should have a bachelor's degree in management, technology or related fields with 70% marks from a recognized university. Top Universities may require students to demonstrate other academic achievements.

Master's in Business Analytics in the USA has a very tight pool of applicants, and applying early ensures a better chance.

Documents and test scores required to use to the USA for master's in Business Analytics are -

• Academic Transcripts
• English Proficiency Test Score (IELTS/TOEFL/PTE)
• GRE/GMAT
• Resume
• Statement of Purpose
• Portfolio
• Letter of recommendation
• Work experience certificates (if required)

The average fee for a master's in Business Analytics in the USA is USD 20,000- USD 85,000. The cost is mainly determined by the institution's ranking, demand, and, of course, the province. In comparison, top-ranked universities have a higher fee structure. Financial help is available at most colleges in the form of grants or scholarships. Graduates can apply for various government scholarships as well. The initial pay for a masters in Business Analytics in the USA is around USD 95,000 annually.

The USA is always in demand of professionals dealing with data. The data analytics market in the USA is worth around USD 30 billion. In the past year, international students with required skills in demand have been hired 30-32% more. A master's in Business Analytics is paid USD 95,000 as an average annual salary.

The pay scale increases with an increase in work experience. Business Analysts work in a wide range of sectors such as banking, industries, sports, education, health, entertainment etc. With growing demand, graduates in Business Analytics are expected to find a professional offer within 3 months of completing a master's degree.

A data scientist and Business Data analyst are paid around USD 80,000- USD 85,000 annually, whereas Financial Analyst and Business Analyst are paid between USD 93,000-USD 11,00,000 annually.

Some of the professional roles that graduates in business analyst can take up after masters in the USA are -

• Data Scientist
• Data Analyst
• Business Analyst
• Finance Analyst
• Operations Research Analyst
• Machine Learning Engineer
• Statistician
• Data Architect
• Project Manager

Business Analytics is the right career choice for those students interested in working and settling in the USA. The USA offers reputed degrees in the field of Business Management and has ample work opportunities. The student-friendly visa policy adopted by the USA helps students to achieve their dream without stress. Due to high demands, international students will always have several opportunities. A master's in Business Analytics from the USA is an asset to one's academic and professional profile.

1.) Are Business Analysts in demand in the USA?

Yes, Business Analysts are in high demand in the USA with increasing job vacancies every year.

2.) Is Business Analytics a good career option?

Yes, Business Analytics is a good career option with multiple opportunities.

3.) What jobs can I get with a Business Analytics Degree?

Graduates can work as Data Scientists, Data Analysts, Project Manager, Financial analysts etc., in various private, public or government sectors.

4.) Is GRE/GMAT necessary for Business Analytics in the USA?

Some universities exempt students from FRE/GMAT. Most universities prefer either GMAT or GRE.

5.) Is it worth getting a master's in Business Analytics?

Yes, it is worth getting a master's in Business Analytics. Graduates have an average starting salary of around USD 90,000 annually.