Masters in Business Analytics
Know your chances of getting into one of the best MSBA colleges.

Here is a video on how to become a business Analyst.
Master in Business Analytics is the solution for the increasing demand for complex data analysis to solve business-related problems. The program focuses on how to use relevant data to solve complex business problems and maintain that particular data. In this particular program, the students will be trained in Business Intelligence and familiarized with Data Analysis tools so that they can perform predictive modeling.
It’s all about analyzing past performance of the company and making a strategy how it will perform in future and take business decision accordingly. For instance – Take a chain of shopping malls. They can use Business Analytics to use data to understand where to open their next branch for higher profits.
Is Masters in Business Analytics Worth it?

Which Skills are required for Masters in Business Analytics?



Business Analyst (Consultant /Manager):
As a Business Analyst Manager, you should have a good grasp over technical tools, data gathering, and processing, data analytics foundation methods, having good insights and understanding of team management. Other vital skill-sets that you need to become a Business Analyst Manager is communication, leadership and strategic thinking.
Quantitative Modeler/ Analyst: As a Quantitative Analyst/ Modeler, you have to work with comprehending data models and create a strategy to support business decisions. For this particular job role, you must have a strong background in Computer Science, Mathematics, Science and Engineering. Working with Mathematical models is more valuable as it gives concrete results and lowers the risks associated with human reasoning.
Business Analyst (Data):
Data scientists create a visual representation of data and generate actionable information from data and a Business Analyst makes use of this information to generate insights about the business and create strategies to solve business-related problems.
Data Scientist focused On Technology: If you are less interested in numbers and statistics then you should go for the technical aspect of business analytics. Here you will work with databases, coding, high-performance computing and parallel processing, and machine learning.
Data Scientist focused On Analysis:
If you are more interested in the analytical side of the domain then your work would be creating complex data models and simulations in a big data environment.
The core job role you will find in each job profile is:
● Work with colleagues to know the requirements of departments and the organization.
● Work on data modeling practices to analyze your findings and create a strategy for strategic and operational improvements.
● Focus on opportunities and possible risks attached to the recommendations you make.
● Recognize the processes and Information Technology required to introduce in your recommendations
● Create a written documentation which will support your work, report on your results and present it to stakeholders when necessary

According to the US Bureau of Labor Statistics, in the next 10 years, about 96,500 new Management Analyst jobs will be created i.e. on an average of 12% of growth in the industry. The average starting salary is about US $81,330.
Masters in Business Analytics Salary by function:
Every industry is looking for people who are equipped with Business Analytics skill-sets. The Salary will differ on the basis of what career path they choose.

Source: Prodigy Finance
Salaries for Business Analytics Manager by Degree Level
Companies all around the world are having a hard time to recruit analytics professionals with the right skill-set. The salaries are even better for the people who hold the Master’s degree (MS or MSc) in Business Analytics.



Conclusion
Masters in Business Analytics is a very good program for those who are interested in business research and data analysis, as it gives you a platform where you can explore both of these aspects. The demand for this particular program is increasing day by day because of its growth and handsome salary, resulting in a good rate of investment, in fact it has become the most in-demand program in youth. USA, UK and Australia are the best countries to study this program as most of the top business schools offering a degree in Masters in Business Analytics are established in those countries.
Check out our blog to know the list of the top 10 universities for Ms in Business Analytics.