Are you ready to take the next step in your business analytics career? Earning the degree will help you advance your career. The 100% online Master of Science in Business Analytics prepares students by coupling comprehensive data analytics skills with an understanding of the big questions faced by companies. Learn more about Northeastern University graduate programs. A master’s in business analytics can be worth it as a smart and efficient way to gain the technical and team skills employers want. 1. Featured Read More Hult International Business School. Subscribe to receive the latest news and stories from Babson Thought & Action right in your inbox. If you work for a consulting … is designed to teach students the basics of business management, including entrepreneurship, economic theory, leadership, accounting, marketing, and other skills necessary to manage and grow a business. One option you may want to consider is a Master of Science in Business Analytics, also known as an MSBA. Earning an advanced degree can also prove instrumental in advancing within the field—for example, into one of the leadership positions discussed above. /   Privacy Policy. and learn about the curriculum, experiential learning opportunities, and world-class faculty that define Northeastern’s program. Those with tech skills may be great at their jobs, but they sometimes lack business and communication expertise. toward earning their MBA, making it faster, easier, and less expensive to earn your MBA. Below, we answer these and other questions so that you can feel confident that you are making an informed decision about your education. reCAPTCHA helps prevent automated form spam. 781-235-1200, © 2020 Babson College, All Rights Reserved. If you are considering a career in business, you know that earning a graduate business degree will teach you the specialized skills that can help further your career. This discipline is leveraged across industries, not only in a business environment. If you’re unsure which degree is right for you, Kwong Chan, an Academic Specialist in Marketing at the. But which degree is the right one for you and your goals? Along with strong quantitative skills, it’s equally important that analysts bring creativity and an entrepreneurial viewpoint to the analysis. One way to master technical data analytics skills is through a graduate school program. Discover the options our scholarship can give you. The exact definition of the term “data scientist” is still developing. Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds®. That means that when you graduate, you’ll be a business administration professional first and foremost, but with an enhanced understanding of data analytics tools, and how to leverage data insights to make business decisions. Explore Babson College’s Master of Science in Business Analytics. Chan emphasizes that business analysts must understand not just the technical language of data science, but also the implications and impacts of those insights. But between the market need for data scientists and the speed of a one-year program, you have the potential for a high ROI. Direct inquiries to: news@babson.edu The biggest driver of these competitive salaries is the demand for skilled analytics professionals. I finished a masters in business analytics a few years ago after maybe 4 years in the field. The role of the business analyst is to make these insights actionable and to apply them strategically. They earn an average of. They earn an average of, , who have more experience and, therefore, more responsibility than entry-level business analysts. Lily Awad works with recruiters and employers on a daily basis as senior associate director of the Graduate Center for Career Development at Babson. between 2018 and 2028—much faster than average. 1. Broadly speaking, business analytics refers to the processes in which a business engages in various analytical activities to understand, predict, and improve its performance. Earn a scholarship worth up to $10,000. “If you want to work in a technical capacity, then you might choose an MS in data science,” he says. The latter provided the teaching through academic research and focused more on teaching the underlying theory than the application. The biggest driver of these competitive salaries is the demand for skilled analytics professionals. Advanced degree holders earn an average 35% higher salary than those with a bachelor's degree. They earn an average of, , who manage a broader team of analysts within an organization and oversee the department’s performance and contribution to business objectives. Half the class have an undergraduate degree in engineering and 30 percent have a business degree. 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