Masters in Business Analytics

What is Business Analytics

Business Analytics refers to the skills, and practices for continuous iterative exploration and investigation of past business performance to gain insight and galvanize business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods.

Business analytics depends on sufficient volumes of high quality data. The difficulty in securing data quality is combining and reconciling data across different systems, and then deciding what subsets of data to make available. Business analytics uses statistical analysis, modeling to help decision making.

Requirements to Study Business Analytics

Business schools require you to give the GMAT which forms the most important part of your application. Few universities also accept GRE scores in place of GMAT scores. They also require a minimum 2-3 years of work experience (depending on the program you intend to join). IELTS or TOEFL is compulsory for acquiring student visa and as a proof of English proficiency.

Core Subjects in Business Analytics

Various subjects include:

  • Data Visualization.
  • Big Data Analytics.
  • Marketing Analytics.
  • Predictive Modeling.
  • Programming for Analytics.
  • Supply Chain Analytics.
  • Energy Analytics.

Specialisations in Business Analytics

Specializations include:

  • Customer Analytics
  • Operations Analytics
  • People Analytics
  • Accounting Analytics

Cost of Studying Business Analytics

Although the fees vary from university to university, the average tuition cost for masters in Business Analytics in the US are $45,000/year. Average living costs vary upto $8900/year. Tuition fees are around C$35000 in Canada. In Australia, average tuition costs are A$38000 / year and the average living costs are A$8,500/year.

Job Prospects after Masters in Business Analytics

Top Universities for Business Analytics

Universities that Average Profiles can target