The latest advances in information technology, including mobile devices, social media, artificial intelligence, and the Internet of Things (IoT), have been generating and storing vast amounts of data. In addition, more powerful computers and better optimization models have facilitated the transformation of the data into information and the knowledge for analyzing the business problems and making informed decision making. All these changes have created an enormous demand for professionals with business analytics skills in the global marketplace.
Why a Master of Science in Business Analytics?
Careers in Business Analytics
Nowadays, employers are experiencing a shortage of job candidates with skills in business analytics, and the increase in potential employment opportunities in this field will continue to rise. According to recent reports:
- There are around half a million unique job postings in United States that have mentioned “business analytics” or “data analytics” as a required skill set
- Out of these, around 70% require a Bachelor’s degree and 30% require a Master’s degree.
- The advertised job salary ranges from $75,000 to $105,000 depending on the required skill set, degree, and job title.
- Positions requiring a Master’s degree pay $6000 more than those asking for a Bachelor’s degree
- The job titles include Data Scientists, Data Analysts, Analytics Managers, Business Analysts, Data Analytics Managers, Analysts/Managers, Data Engineers, Software Engineers, Business Intelligence Analysts
