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Best Master's Degrees for Business Analysts

There are multiple master's degree options that will prepare you to work in the field of business analytics. This article will discuss four of the best routes and what you can expect out of them.

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There are different master's degrees that you can get in order to become a business analyst. They vary from focusing on business, statistics, and information/big data. Let's take a look at some of the strong master's degrees that lead to success in the industry:

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Master's Degrees for Business Analysts

Business analysts are responsible for compiling large amounts of data, using it to find conclusions, and then making decisions/recommendations on behalf of their findings. Their guidance steers an organization's overall efficiency and competitiveness in its industry. There are multiple master's degrees that will prepare you for these type of duties as a business analyst.

Master of Business Administration (MBA)

Many companies filling high-level positions in business/management analytics will prefer candidates who have graduated from a MBA program. These programs dive into every aspect of running a business, like managerial economics, financial management, organizational behavior, supply chain processes, and other real-world business functions that you will be faced with. However, you will have the option to specialize in a specific business-related field such as accounting, international business, healthcare management or cybersecurity to name a few. Some programs also provide students with internship opportunities and certification preparation. These programs typically last between one and two years.

Master of Science in Data Science

Master's programs in data science are a popular choice for future business analysts since they combine statistics, business analytics, and computer science to get the most out of big data. The courses are designed to teach you to accurately answer business questions from a managerial standpoint using mathematical and computational methods. Therefore, you may take courses in computer programming, data mining, probability and statistics, and data modeling. You will also typically complete a capstone project and/or a portfolio as you progress through the program. Some schools offer the curriculum online. The length of these programs can range between two and five years, depending on the school you attend, and how quickly you want to complete the coursework.

Master of Science in Information Management

Information management is a big part of the role of a business analyst. These programs focus on teaching students how to leverage technology to gain an advantage in the business world while maintaining a database of information that can be used to make or justify decisions. You'll take classes on information analytics, information architecture and design, policy and ethics with information management, and at least one leadership course. Internships may be optional at some schools, but they are usually expected with the completion of a final project. Programs can last between one and two years, depending on the school you attend. Some schools offer an online learning option as well.

Master of Science in Business Analytics

A master's degree in business analytics is typically designed for recent graduates and those wanting to switch careers. To help prepare you for the high demand field, you'll learn about data science, information management, analytics and how all of these disciplines apply in a business environment. You may also take soft business courses like marketing management, consumer behavior, and media ventures. Capstone projects are also a common requirement. Due to competitive admittance requirements, you'll need to show a strong academic record from your undergraduate performance. Typically, these programs take between ten months and one year to complete, but some may take up to two years.

How to Get Into Business Analytics Related Master's Programs

Although these programs have their differences, admissions requirements and suggested prerequisites tend to be similar. All schools will consider GPA, and some require a minimum of 3.0 on a 4.0 scale, while others will accept applications with any level of undergraduate performance. GRE and/or GMAT test scores are a required for admission to these programs. In most cases, you will also need to provide three letters of recommendation and a personal essay as to why you are passionate about the field. Based on how much work experience you have and what program you apply to, submission of a resume or CV is often expected.

Business analytics is a great field to get into if you have an interest in business and a strong statistical background. It's a unique field because your specific duties will vary depending on the business situation and goals of management. You can go with multiple degree routes to learn the skills necessary, but you should be comfortable with math, statistics, and general business operations if you plan on applying.

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