In today’s world, data is a very valuable resource. And the discipline of business analytics encompasses the process of gathering and analysing this data. The huge amount of data is translated into business insights by the application of iterative methodologies and statistical models. New and established firms as well as other organisations are always on the lookout to gain a competitive edge in the market by utilising data. This can be done by hiring qualified candidates who have learned the theory and skills of business analytics. Although you can practically study business analytics from anywhere in the world given the huge demand for the discipline, choosing to study in the US will be especially very beneficial for you.
Why Should You Opt for MS in Business Analytics in USA?
There are increasing job vacancies in the U.S. due to the high demand for business analytics applications. Some of the top reasons why you should pursue your master’s in business analytics in the U.S. are:
The Bureau of Labour Statistics (BLS) in the U.S. has reported that there is going to be growth in business analytics employment opportunities at the rate of 16% by the end of 2024.
There are more than 200 top universities in the U.S. that offer this program.
Pursuing this program in the U.S. will provide students valuable international exposure as they have the opportunity to work with brands that are globally recognised.
The average salary of a business graduate student in the U.S. ranges from Rs 40 lakhs to Rs 67 lakhs per annum. In 2021, around 32% more international students having the required skills were hired.
Job Roles After Completing MS in Business Analytics in USA
Some top roles that fresh graduates can apply for after the completion of their degree is listed below:
Data Scientist: They collect, analyse and decipher data for organisations to help them make crucial decisions. Data scientists are expected to utilise techniques such as predictive modelling and machine learning coupled with knowledge of scientific principles.
Business Analyst: They provide guidance to businesses and help them update products, processes, software and services via data analysis. Data analysts focus on skillfully balancing business and IT and bridge the gap by improving productivity.
Finance Analyst: These professionals are responsible for a number of research-oriented tasks in order to inform investors. The research they carry out helps to make important investment decisions and formulate strategies that will benefit the company or clients.
Data Analyst: They collect and interpret predefined questions or problems for an organisation. They work across industries such as finance, business, science, medicine, government and criminal justice.
Data Architect: A data architect reviews and analyses the data infrastructure of the organisation, plans databases and applies solutions to manage data with the knowledge of computer science. Data architects are required in almost all industries such as entertainment, technology, finance, healthcare, and government.
Project Manager: They organise, plan and execute assignments within the limitations of budgets and timelines. Project managers have to lead a diverse team, define goals, liaison with stakeholders and see the project to its successful end.
Statistician: They work for government organisations, businesses and other applicable institutions. They compile and study the data to solve problems and implement certain mathematical formulas in order to utilise the data and then they construct a solution.
Operations Research Analyst: These are professionals who evaluate and manage a huge corpus of data in order to improve supply chains, business operations, marketing and pricing models.
Machine Learning Engineer: He/she is responsible for researching, building and designing AI-ML models. They also maintain and update current AI models.
Prior to choosing any university for higher studies in another country, it is vital that you have an approximate estimate of the cost of the program which forms the major chunk of study abroad expenses. Below are some reputable universities and the fees they charge for pursuing MS in Business Analytics in USA.
University
Program
Approximate Annual Cost for the full program (USD Dollars)
Arizona State University
Master of Business Analytics
59,000-82,000
UMass Amherst
Master of Business Analytics
32,724
University of California Riverside
Master of Business Analytics
60,574
University of Cincinnati
Master of Business Analytics
32,886
University of North Texas
Master of Business Analytics
37,000
University of New Hampshire
Master of Business Analytics
32,224
University of Illinois at Chicago
Master of Business Analytics
79,720
University of Massachusetts Boston (UMass Boston)
Master of Business Analytics
69,298
University of Albany, The State University of New York, Albany (Suny Albany)
Master of Business Analytics
43,152
Scholarship Opportunities to Study Business Analytics in the USA
The decision to study MS in Business Analytics in U.S. is one that involves a lot of expenses right from visa application, purchasing flight tickets, living costs, and paying for course fees. To cut down on some or a majority of these expenses, a scholarship is very helpful. Some scholarship opportunities you can explore are as follows:
1. Agha Khan Foundation International Scholarship Programme
There are only a limited number of scholarships every year and the awardees are carefully picked, ensuring that only the most meritorious candidates get it. The scholarship is awarded to those coming from developing countries who have no means to fund their education. Scholarships are provided through a competitive process wherein it is divided into 50% loan and 50% grant basis.
2. AAUW International Fellowships
These fellowships have been in existence since 1917. These are awarded to international women applicants who are pursuing full-time research in the U.S. The award amount given to students pursuing their master's degree is around USD 18,000.
3. Foreign Fulbright Student Program
This programme helps students, young professionals and artists from other countries research and pursue a degree in the United States for a period of one year or more. The award helps to cover tuition fees, airfare, living costs, health insurance and the cost to buy educational material.
Requirements to Pursue Business Analytics in the U.S.
In order to study MS in Business Analytics in the U.S., a student is expected to fulfil the following requirements before his/her candidature is approved by the concerned university:
A three- or a four-year bachelor’s degree with a GPA of 3.0 or the equivalent in your country
Previous education qualification transcripts
Two-three letters of recommendation (from your teachers/professors/employers)
Standardised Test scores - GRE or GMAT
Statement of purpose
Updated Resume
English language proficiency test scores: IELTS/TOEFL (iBT)
Work experience certificates (if required)
Admission Process for MS in Business Analytics in USA
To ensure you have a successful application, you need to keep an eye out for all deadlines. Following are some steps you are expected to follow for your enrolment:
Check out all university websites and fill in the application forms completely
Upload all your relevant documents (transcripts, statement of purpose and test scores)
Shortlisted candidates will be informed of their selection via email
An interview will be scheduled with the university student department to assess the personality and aptitude of the applicant
Following this, a conditional offer letter will be sent across
Conclusion
The United States has a great number of universities that offer top-class education. Coupled with this is the unmatched availability of an international campus and premium infrastructure that provide the perfect environment for students to learn and grow from all developmental aspects. To ensure that you have a smooth application experience and are able to turn your dream to study MS in Business Analytics in the U.S. into reality, connect with KC Overseas.