A business analytics master's degree program trains students to use math, technology and advanced data analysis to examine various aspects of the business field. In general, those with a master's in the subject will be prepared to work a variety of jobs that aim to improve an organization's profits and/or efficiency. Below are just a few of the jobs that can utilize a master's degree in business analytics.
Careers for Those with a Master's Degree in Business Analytics
|Job Title||Median Salary (2016)*||Job Growth (2014-2024)*|
|Market Research Analysts||$62,560||19%|
|Operations Research Analysts||$79,200||30%|
Source: *U.S. Bureau of Labor Statistics
Find schools that offer these popular programs
- Actuarial Sciences
- Business and Commerce, General
- Business Statistics
- Customer Service Management
- Logistics, Distribution, and Materials Management
- Management Science
- Office Management
- Operations Management
- Public and Nonprofit Organizational Management
- Purchases, Acquisitions, and Contracts Management
- Transportation Management
Management analysts focus on improving the efficiency of an organization, and they typically need at least a bachelor's degree, but can advance with education and/or experience. They look at factors like employment records, financial data and the equipment used in an organization to try to find ways to reduce cost and increase profits. They may also examine procedures and systems that are in place to find areas for improvement. Management analysts work closely with the managers of an organization to report their findings and make their recommendations.
Although a master's degree is not required, a master's degree in business analytics could further the skills and knowledge of a logistician as they oversee an organization's supply chain. They are responsible for examining and overseeing the entire process of acquiring products to delivering products to consumers. This requires them to work well with clients and suppliers to ensure that the clients' needs are being met at the lowest possible cost and highest efficiency. Logisticians continually search for areas of improvement and report these to management.
Market Research Analysts
Market research analysts study and monitor various market conditions, and then they use their findings to help organizations determine the potential markets and prices for products or services. A master's degree is usually required to advance to top research positions, as well as strong analytical and math skills. These professionals must determine what data to collect and how to collect it, and then analyze the data with statistical software. Their findings and suggestions are typically presented in reports to clients or management.
Operations Research Analysts
A preference is usually given to operations research analyst applicants who hold a master's degree, as these professionals are required to use advanced analytical and mathematical methods in their work. They apply these skills to solve a particular problem for an organization, as well as make recommendations in the decision making process. Operations research analysts usually begin their work by collecting information, which may include consulting various workers involved in a particular problem, and analyzing the information to find the best possible solution.
Financial analysts need at least a bachelor's degree, but a master's degree is usually needed for advancement in the field. These analysts work with individuals or businesses to choose from different investment options, such as bonds or stocks. Financial analysts must understand business trends and financial data to make the best recommendation possible, as well as factor in the strengths of the organization's management team. They may specialize in managing funds or portfolios, or specialize in analyzing risk or ratings.
Those with a business analyst master's degree understand how to examine and compare various aspects of an organization's activities and finances to help make improvements and move the organization towards its goals. This degree can be applied to several different careers in the field of business.