Edited By Julian Palacio
Review & Contribution By Emily Johnson
A Master’s in Business Analytics Online program provides data analysis, statistics, machine learning, and visualization expertise. It enables strategic decisions within organizations.
A master’s in business analytics online integrates data analysis, statistical methodologies, and business strategy to guide organizations in making well-informed decisions. These graduate programs establish a strong foundation in analytics, providing students with the essential skills to navigate the complexities of the contemporary data-centric business environment. An online business analytics master’s degree employs diverse techniques and tools to interpret and analyze data, unveil insights, and contribute valuable recommendations for enhancing business performance. According to the Bureau of Labor Statistics projections, professionals in business and financial occupations can anticipate a median annual wage of $76,850[1]. Graduates of a Business Analytics Master’s program are well-positioned for leadership roles in various industries. Whether aspiring to work in finance, healthcare, technology, or other sectors, a Master’s in Business Analytics opens doors to dynamic and high-impact career opportunities in the ever-evolving field of data analytics.
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Featured Online Masters Business Analytics Programs
FindBestDegrees.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.
National University
PROGRAM: Online MBA – Business Analytics
National University, headquartered in San Diego, California, was founded in 1971 to provide educational opportunities for adult learners and working professionals. It offers over 190 degree programs, including bachelor’s, master’s, and doctoral degrees, with flexible online and on-campus courses. Serving around 40,000 students and over 240,000 alumni, the university is recognized for its support of U.S. military members. Accredited by the WASC Senior College and University Commission (WSCUC), National University is committed to accessible and transformative higher education.
FindBestDegrees.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.
Southern New Hampshire University
PROGRAM: Online Masters in Business Analytics (MBA)
Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on campus students, over 170,000 online students, making it one of the fastest growing universities in the nation. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.
We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, or via our innovative online platform.
SNHU has earned the GetEducated.com Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.
Find the Best Master’s in Business Analytics Online Programs
When evaluating business analytics master’s programs, it’s essential to consider factors such as curriculum content, faculty expertise, industry partnerships, alumni network, and career support services. Students’ career goals, preferences, and constraints, including location and program format (full-time, part-time, online), are equally essential to consider. Researching and comparing multiple programs will help them find the best fit for your educational and professional aspirations. Based on several critical components and our proprietary methodology, here is the list of the best degrees in business analytics.
| Univ | Address | Tuition | Grad Rate |
| Carnegie Mellon University | 5000 Forbes Avenue, Pittsburgh, Pennsylvania 15213 | $48,496 | 92% |
Universities and programs are ranked by various factors, such as affordability, curriculum and coursework, reputation and availability, program length, statistics, the potential of employment, and return on investment for the students. For a more in-depth analysis, please read about our rankings methodology page.
What to Expect from a Master’s in Business Analytics Online Degree
Business Analytics Master’s Programs provide individuals with the tools and knowledge to organize, display, and analyze data, making informed decisions crucial for various industries. The business analytics online master’s typically takes two years, with an average requirement of 30-45 credit hours. These flexible programs offer online, offline, and hybrid learning formats to accommodate diverse student needs. The coursework emphasizes proficiency in data management, programming languages like Python or R, and using big data technologies to handle large datasets. Students also explore business intelligence, data visualization, optimization, and decision analysis. The program’s culmination often involves a capstone project or thesis, allowing them to apply their acquired skills to real-world business challenges. Completing this program opens doors to various high-paying positions and provides a pathway for further studies, including doctoral degrees. Graduates are prepared for diverse roles, such as Business Analytics Analysts, Project Managers, Data Scientists, Remote Sensing Specialists, etc. This advanced degree enhances career opportunities and equips individuals to contribute meaningfully to the evolving landscape of data-driven decision-making.
Curriculum and Coursework
The master’s in business analytics program offers a comprehensive and interdisciplinary curriculum that equips students with the knowledge and skills to navigate the complex landscape of data-driven decision-making. The coursework begins with foundational concepts in business analytics, providing students with a solid understanding of statistical and quantitative methods.
As students progress, they delve into advanced topics such as data management, programming languages, and predictive modeling, gaining expertise in handling large datasets and building forecasting models. Data visualization and business intelligence courses hone their ability to communicate analytical findings effectively to diverse stakeholders.
The capstone project or thesis is a vital graduate program component, enabling graduates to apply their skills to real-world challenges. Throughout the coursework, an emphasis on ethics, professional development, and the dynamic nature of the field prepares them for impactful roles in the evolving landscape of business analytics.
Each school has its unique coursework. Some standard courses that students can find across an online Master’s degree in business analytics include:
Fundamentals of Business Analytics
In this course, students delve into the significance of analytics in enhancing decision processes across various business functions, gaining insights into statistical foundations, and exploring the ethical considerations surrounding data usage. The curriculum often includes hands-on experiences through interactive labs, case studies, and exercises, and they can apply analytical tools and translate complex findings into actionable insights.
Statistics for Business
In this course, students learn to analyze and interpret data, gaining proficiency in statistical methods crucial for informed decision-making. Emphasizing practical applications, the course often includes hands-on exercises and real-world case studies that enable them to apply statistical principles to business scenarios. Additionally, they explore how statistical tools contribute to identifying patterns, making predictions, and extracting meaningful insights from data sets.
Business Intelligence and Reporting
This course teaches students to navigate business intelligence tools like Tableau or Power BI to analyze and present data compellingly and comprehensibly. The curriculum covers data visualization best practices, dashboard creation, and the interpretation of visual data representations. The course fosters technical proficiency and cultivates an understanding of how effective business intelligence and reporting contribute to informed decision processes within organizations.
Predictive Modeling
In this course, students learn to identify patterns, analyze historical data, and develop models that can be applied to anticipate future outcomes. The curriculum often covers regression analysis, time series analysis, and machine learning algorithms such as decision trees and neural networks. The course emphasizes interpreting and communicating predictive insights, ensuring graduates develop technical proficiency, and conveying actionable predictions to diverse stakeholders.
Data Management and Database Systems
This course teaches students to create and maintain databases, use Structured Query Language (SQL) for data manipulation, and understand data warehousing fundamentals. Practical aspects of the course often include hands-on exercises where they work with real-world datasets and gain proficiency in designing relational databases. By the end of the course, students acquire essential skills in data management, ensuring they are well-prepared to contribute to the effective organization and utilization of data within the business analytics context.
Some other standard courses students can find across programs include:
- Web Analytics
- Time Series Analysis
- Text and Sentiment Analysis
- Supply Chain Analytics
- Social Media Analytics
- Marketing Analytics
- Healthcare Analytics
- Fraud Analytics
- Financial Analytics
- Customer Relationship Management (CRM) Analytics
- Business Process Analytics
- Advanced Topics in Business Analytics
- Advanced Machine Learning for Business
Learning Outcomes and Skills Gained
A Master’s in Business Analytics (MSBA) is a comprehensive program that equips students with a diverse skill set to thrive in the rapidly evolving field of business analytics. The field’s dynamic nature requires graduates to embrace a mindset of continuous learning. They are prepared to adapt to changing technologies and stay updated on industry trends throughout their careers.
By the end of a business analytics online master’s, students gain several skills, including the ability to:
- demonstrate proficiency in advanced analytical techniques, including statistical analysis, machine learning, predictive modeling, and data mining;
- demonstrate knowledge of how to handle, clean, and manipulate large datasets;
- demonstrate proficiency in programming languages such as Python and R, enabling them to conduct sophisticated data analyses;
- demonstrate understanding of business fundamentals, including finance, marketing, operations, and strategy, to ensure they can apply analytics in a broader business context;
- demonstrate how to create compelling data visualizations that make complex information understandable to various stakeholders;
- demonstrate learning of advanced analytics techniques, including predictive modeling and prescriptive analytics;
- demonstrate understanding of ethical considerations in data usage on how to navigate ethical dilemmas in the field;
- demonstrate an understanding of how analytics can inform and guide critical business decisions;
- demonstrate how to address analytics challenges in diverse and international business environments.
Types of Master’s Degrees Business Analytics Students Can Obtain
An online business analytics master’s programs prepare graduates for roles such as data scientists, business analysts, analytics managers, and consultants in various industries. The program equips them with the expertise needed to navigate the complex landscape of data-driven decision-making in today’s business world. A few standard master’s programs include a Master’s in Business Analytics and a Master’s of Science in Business Analytics.
Master’s in Business Analytics
A Master’s in Business Analytics (MSBA) is a graduate-level program designed to provide students with advanced skills and knowledge in business analytics. This program equips them with the tools, techniques, and methodologies to analyze and interpret data, derive meaningful insights, and make informed business decisions.
Master of Science in Business Analytics
A Master of Science in Business Analytics (MSBA) is a specialized graduate program designed to equip students with advanced skills in data analytics for strategic business decision-making. The program blends foundational business knowledge with advanced analytical techniques, enabling students to analyze complex data, uncover trends, and make informed decisions. Through coursework in statistics, data mining, predictive modeling, and data visualization, graduates are prepared to address real-world business challenges. The curriculum emphasizes practical applications, utilizing industry-standard tools and software, often incorporating hands-on projects or internships. This degree enhances analytical skills and opens career opportunities across various sectors, including finance, marketing, healthcare, and technology.
Areas of Specialization for Business Analytics Students
Business Analytics is a broad field continually evolving; therefore, the business analytics graduate program offers various specializations in emerging areas such as business technology, social media analytics, supply chain analytics, and so on that can help students become proficient in these specialized areas. Some concentrations that master’s degree in business analytics online programs offer include:
| Area of Specialization | Description | Career Options |
|---|---|---|
| Data Visualization | Graduates specializing in Data Visualization develop skills to transform complex datasets into accessible and understandable visual stories, aiding decision-makers in understanding trends and patterns. They learn how to bridge the gap between data and comprehension, making them instrumental in creating a data-driven culture within organizations and effectively conveying insights to diverse stakeholders. | Various roles as a Data Visualization Specialist, Information Designer, Data Analyst, Business Intelligence Developer, and more. |
| Business Intelligence | The specialization in Business Intelligence equips professionals with the tools and knowledge to navigate the evolving landscape of data analytics, making them instrumental in shaping the strategic direction of businesses through actionable insights derived from data. Students develop data-driven decision capabilities by creating dashboards, reports, and visualizations. | Various roles as a Business Intelligence Analyst, Data Analyst, BI Developer, Business Analyst, etc. |
| Database Management | The specialization empowers professionals to navigate the complexities of data management, making them integral contributors to the effective functioning of information systems within businesses and other institutions. Students learn to design robust database systems, ensure data integrity, and optimize database performance. | Various roles as a Database Administrator, Data Analyst, Database Developer, Data Architect, and so on. |
| Optimization Techniques | Students specializing in Optimization Techniques often contribute to innovation in fields like artificial intelligence and machine learning, where optimization plays a key role. They will be able to navigate complex problem-solving scenarios, making them valuable assets in industries where efficiency and strategic decision-making are paramount. | Various roles as an Operations Research Analyst, Supply Chain Analyst, Data Scientist, Quantitative Analyst, etc. |
| Decision Support Systems | Graduates specializing in Decision Support Systems can utilize their skills to analyze data, provide insights, and contribute to strategic decision-making within organizations. They learn to understand business requirements, design effective decision support systems, and ensure seamless accountability technology to enhance decision-making capabilities. | Various roles as Business Intelligence Analyst, Data Analyst, Decision Support Analyst, Systems Analyst, and more. |
| Data Ethics and Governance | The specialization is instrumental in making ethical decisions regarding data collection, usage, and sharing, contributing to corporate social responsibility, and maintaining organizational reputation. Ultimately, it is integral to promoting a culture of accountability, aligning data practices with organizational values, and addressing the ethical dimensions of data management. | Various roles as a Data Governance Analyst, Chief Data Officer, Data Privacy Officer, Compliance Analyst, etc. |
Full-Time and Part-Time Programs
As with most educational degrees, the time required to obtain a business analytics program would depend on the student’s availability or ability to complete the program of coursework. On average, it takes about two years to complete a master’s degree when completed full-time. A part-time degree in business analytics would take more than two years. Students can complete the program in an accelerated format in less than two years. Here is a quick summary of the timeline to complete the online master’s degree in business analytics:
- Full-time program: two years to complete the business analytics program
- Part-time program: more than two years to complete the business analytics program
- Accelerated program: less than two years to complete the business analytics program.
Accelerated Business Analytics Master’s Programs
An accelerated master’s degree in business analytics helps complete a master’s degree faster than a regular program requires. Applying to graduate programs in the accelerated format is the same as the standard application procedures for a traditional master’s degree. Students usually take up accelerated programs as they have other priorities like work and lessen the program’s cost. They can accelerate their programs by fast-tracking their degrees and transferring their credits. Some accelerated online business analytics master’s programs in the United States can be found at:
Master’s in Business Analytics Online Admission Requirements
A student’s requirements to fulfill a master’s in business analytics program are the same as other master’s programs. They need to understand all the requirements for a master’s program to know if they qualify to apply. Most colleges require candidates to have a foundational understanding of business or related topics. Some of the standard online master’s in business analytics admission requirements are:
- A bachelor’s degree in business analytics or related fields is typically expected
- Pre-requisite coursework like English or other courses
- Minimum Grade Point Average or GPA of 2.5 or more is generally required (some programs have a lesser GPA requirement)
- Scores of standardized tests like GMAT or GRE are typically required
- 2 or 3 letters of recommendation
- Statement of purpose or personal statement
- Essay for entrance to the program (may not be needed for some programs)
Master’s in Business Analytics Online No GRE Programs
Several universities and institutions offer Master’s programs in Business Analytics that do not require GRE or GMAT scores for admission. These programs are designed to provide students with the skills and knowledge needed to excel in business analytics without requiring standardized test scores. Some colleges offer an online business analytics master’s no GRE, including:
Business Analytics vs. Applied Business Analytics — What is the Difference?
Business Analytics and Applied Business Analytics are key fields in today’s data-driven business landscape. These disciplines focus on utilizing data to inform decision-making and improve organizational performance. While both areas emphasize the importance of analyzing data to generate insights, they are tailored to meet specific business needs and challenges. Whether through theoretical exploration or practical application, professionals trained in these fields are crucial in optimizing operations and driving strategic initiatives across various industries. Here are a few differences between Business Analytics and Applied Business Analytics.
| Business Analytics | Applied Business Analytics |
|---|---|
| Focuses on data analysis techniques and strategies for decision-making across various industries. | Emphasizes the practical application of analytics in solving real-world business problems. |
| Involves theoretical models, statistical methods, and predictive analytics. | Prioritizes actionable insights, using data to directly influence business outcomes. |
| Broader scope, covering diverse industries and analytics roles. | Focused specifically on applying analytics within business operations. |
| Suitable for roles that require deep analysis and development of new models. | Ideal for roles that implement existing tools and strategies to optimize performance. |
| Often more research-oriented, involving extensive data exploration. | More hands-on, focusing on improving decision-making and operational efficiency. |
Areas of Specialization for Applied Business Analytics Students
Specialization in Applied Business Analytics allows students to deepen their expertise and enhance their skill sets in specific areas of interest within the broader field. This focus enables students to gain advanced knowledge and practical experience, making them more competitive in the job market. By concentrating on particular aspects of business analytics, graduates can effectively address industry challenges, leverage data-driven insights, and contribute to organizational success, ultimately positioning themselves as valuable assets in various sectors. Here are some specializations that students of a Master’s in Applied Business Analytics can pursue:
| Area of Specialization | Description | Career Options |
|---|---|---|
| Data Analytics [6] | This Specialization involves using statistical and computational techniques to analyze large datasets. This Specialization trains students to extract valuable insights, identify trends, and make data-driven decisions. Graduates develop data manipulation, visualization, and predictive modeling skills, enabling them to solve complex business problems and drive strategic initiatives. | Data Analyst Business Intelligence Analyst Data Scientist Analytics Consultant |
| Healthcare Analytics | This specialization focuses on using data to improve healthcare outcomes and operational efficiency. This specialization trains students to analyze patient data, optimize healthcare delivery, and support decision-making processes. Graduates learn to apply statistical methods and data visualization techniques to enhance patient care, streamline operations, and inform policy decisions. | Healthcare Data Analyst Health Information Manager Clinical Data Analyst Healthcare Consultant |
| Big Data Analytics | This specialization emphasizes the skills needed to manage and analyze vast data. This specialization trains students to handle complex datasets, apply advanced statistical methods, and use data processing tools to uncover insights. Graduates are equipped to drive strategic decisions, solve large-scale business problems, and leverage big data for competitive advantage. | Big Data Engineer Data Architect Big Data Analyst Machine Learning Engineer |
| Financial Analytics | This specialization focuses on using data to make informed financial decisions and strategies. This specialization equips students with skills in analyzing financial data, forecasting trends, and assessing risks. Graduates learn to apply quantitative and financial modeling techniques to optimize investment decisions, manage portfolios, and enhance financial performance. | Financial Analyst Risk Analyst Investment Analyst Quantitative Analyst |
| Operations Analytics | This specialization focuses on optimizing business processes and operations through data analysis. This specialization teaches students to use analytical tools to streamline supply chains, improve operational efficiency, and manage resources effectively. Graduates are skilled in identifying inefficiencies, forecasting demand, and making data-driven decisions to enhance performance and productivity. | Operations Analyst Supply Chain Analyst Business Operations Manager Logistics Analyst |
How to Ensure a Master’s in Business Analytics Online Program Is Accredited
When assessing the quality and credibility of a bachelor’s program in Business Analytics, accreditation emerges as a critical consideration. Accreditation ensures that the program aligns with specific standards of quality established by accrediting bodies, which can vary based on the country or region. Several common accrediting bodies and their standards for business programs include
AACSB International (Association to Advance Collegiate Schools of Business) [7]
AACSB accreditation is regarded as one of the most prestigious validations for business schools globally. Institutions accredited by AACSB undergo a rigorous evaluation process, verifying their adherence to high-quality standards across the curriculum, faculty qualifications, and student learning outcomes.
ACBSP (Accreditation Council for Business Schools and Programs) [8]
ACBSP is another notable accrediting body concentrating on business education. ACBSP-accredited programs are dedicated to ongoing enhancement and comply with specific curriculum, faculty, and educational resources standards.
AMBA (Association of MBAs) [9]
AMBA accredits MBA programs globally and evaluates factors such as curriculum design, faculty quality, and student support services. While AMBA primarily accredits MBA programs, its standards may also be relevant for bachelor’s programs in Business Analytics offered by business schools.
In addition to specialized accrediting bodies for business schools, regional accreditation agencies evaluate the overall quality of higher education institutions within specific geographic areas. The organizations providing regional accreditation are:
- New England Commission of Higher Education (NECHE)
- Middle States Commission on Higher Education (MSCHE)
- Higher Learning Commission (HLC)
- Southern Association of Colleges and Schools Commission on Colleges (SACSCOC)
- Northwest Commission on Colleges and Universities (NWCCU)
- Western Association of Schools and Colleges (WASC) Senior College and University Commission (WSCUC)
Free Business Analytics Courses
Free online courses in business analytics offer a cost-effective and flexible way to acquire valuable skills and knowledge in areas such as data analysis, machine learning, and predictive modeling. These courses provide accessibility from anywhere with an internet connection, allowing learners to study at their own pace and fit their education around their schedule. Some free business analytics they can pursue include:
| Course | Description | Provided by |
|---|---|---|
| BUx: Business Analytics for Data-Driven Decision-Making [10] | Throughout the course, participants will gain insights into the practical applications of predictive modeling and machine learning in diverse business scenarios. The goal is to equip individuals with the skills and knowledge needed to navigate the complexities of contemporary data analytics and harness its power for strategic decision-making. | edX |
| Business Analysis & Process Management [11] | The course’s primary objectives include providing participants with the tools to evaluate a business from a process-oriented perspective. By the project’s conclusion, participants will have honed the ability to analyze business processes critically and address existing issues strategically. | Coursera |
| PESTLE Analysis [12] | The course emphasizes the integration of PESTLE insights into strategic planning, guiding participants on leveraging this analysis for identifying opportunities, mitigating risks, and making informed decisions. Whether examining industry-specific nuances or understanding the broader business landscape, participants emerge from the course equipped with the skills to navigate complex environments and contribute to strategic decision-making processes. | Udemy |
| Introduction to Data Analytics with Python[13] | This course covers the basics of data analytics and fundamental Python programming. It explores opportunities in data analytics, such as determining credit risks and developing new medicines. By the end of the course, a strong understanding of the major types of data analytics is achieved, providing a solid foundation for further study. | Alison |
| Advanced Business Analytics Specialization[14] | This course combines insights from academic professionals and experienced practitioners to impart real-world data analytics skills for business growth, profit increase, and shareholder value creation. Learners gain practical skills in data extraction, manipulation with SQL, statistical analysis, and effective result interpretation. This specialization provides a competitive edge in solving complex business problems. | Coursera |
| Become a Stronger and More Productive Business Analyst[15] | This course offers techniques and practice drills to develop essential skills quickly, aiming to make participants above-average business analysts. Focusing on the most productive skills, this course enables practical application within days. It is designed to provide immediate, actionable skills for enhanced business analysis performance. | Udemy |
Ways to Pay for a Master’s in Business Analytics Program
The tuition for a Master’s degree in Business Analytics can vary significantly depending on factors such as the institution, location, program duration, and whether the student attends full-time or part-time. Additionally, expenses such as fees, books, supplies, and living costs should be considered when estimating the total cost of attendance. Tuition represents just one aspect of the overall cost of pursuing a bachelor’s degree in Business Analytics. Additional expenses, such as boarding, transportation, books, and more, can be factored in when considering paying. For prospective candidates grappling with this question, there are several standard financial aid options to explore:
Scholarships
These are financial awards granted to students that do not require repayment. Scholarships can be merit-based, need-based, or awarded for academic excellence, leadership, or extracurricular involvement. Prospective applicants should research scholarships from their chosen college or university and external organizations, corporations, and foundations.
Grants
Similar to scholarships, grants are financial awards that typically do not need to be repaid. Grants may be awarded based on financial need, academic merit, or specific demographic criteria. Both federal and state governments, along with private organizations, offer grants to help finance education.
Federal Student Loans
The U.S. Department of Education provides various federal student loan programs to assist with college expenses. Federal loans typically offer favorable terms, such as fixed interest rates and income-driven repayment plans. Prospective candidates can apply for these loans by completing the Free Application for Federal Student Aid (FAFSA). It’s essential to borrow responsibly and only take out loans for the necessary amount.
Private Student Loans
Besides federal loans, private lenders such as banks, credit unions, and online lenders offer student loans to cover educational expenses. Private loans may have variable interest rates and less flexible repayment options than federal loans. Prospective borrowers should carefully review loan terms and compare offers from multiple lenders to find the most suitable choice. Read about donors who help graduates repay their loans.
Work-Study Programs
Federal work-study programs provide part-time employment opportunities for eligible undergraduates to earn money to help cover educational expenses. Work-study jobs are often available on campus or with approved off-campus employers, allowing students to gain valuable work experience while earning money for college costs.
Employer Tuition Assistance
Some employers offer tuition assistance or reimbursement programs as part of their employee benefits package. Employer tuition assistance programs may have specific eligibility requirements and could require recipients to commit to remaining with the company for a certain period after completing their degree.
By exploring these financial aid options, prospective candidates can develop a comprehensive plan to cover the costs of pursuing a bachelor’s degree in Business Analytics while minimizing the need for excessive borrowing and financial strain.
Scholarships for Master’s in Business Analytics Online Degree Students
Scholarships play a vital role in attracting top talent to the field of Business Analytics. In a competitive job market where skilled professionals are in high demand, offering scholarships can help institutions attract bright and ambitious individuals who have the potential to make significant contributions to the field. This, in turn, enhances the program’s reputation and competitiveness and benefits both the students and the institution. Some online Master’s in business analytics scholarships prospective graduates could consider are:
| Scholarship | Description | Award/Amount | Application Deadline |
|---|---|---|---|
| INFORMS Analytics Society Student Scholarship [16] | For graduates, INFORMS offers various resources, events, and opportunities tailored to their academic and professional needs. It includes conferences, workshops, publications, and networking events, allowing them to connect with professionals and fellow students. INFORMS also supports research initiatives and provides a platform for disseminating research findings. | Cover travel and registration expenses, providing up to $1,250 reimbursements. | August annually |
| Ron Brown Scholar Program [17] | The Ron Brown Scholar Program invests in the education of its scholars. Also, it cultivates a cadre of future leaders committed to positively impacting their communities and beyond. Beyond financial support, the program strongly emphasizes leadership development, community service, and mentorship. | $10,000 each year | December annually |
| SAS Global Forum Student Scholarship [18] | The SAS Global Forum Student Scholarship is designed to offer students the chance to attend the SAS Global Forum. This annual conference gathers professionals, academics, and those interested in analytics, data science, and business intelligence. By providing financial support, the scholarship facilitates participation in the conference’s educational sessions, networking events, and exposure to the latest analytics and business intelligence industry trends. | Conference meal plan, Pre-conference training, Free SAS Global forum registration. | Not notified |
| The Data Science Scholarship by DataCamp [19] | The Data Science Scholarship by DataCamp, in partnership with Ingressive For Good, provides free data science education to young Africans. This initiative aims to enhance career prospects and drive economic growth by offering comprehensive learning resources and career services. It has impacted over 18,000 individuals, fostering significant development in the region. | Varies | Varies |
Career Opportunities and Salaries for Master’s in Business Analytics Online Graduates
Attaining an online Master’s degree in business analytics degree provides students with the essential skills needed to excel in the contemporary data-driven environment. The program establishes a solid groundwork in statistical analysis, data interpretation, and business intelligence. Recognizing the profound impact of data, businesses increasingly value expertise in Business Analytics, offering a multitude of career paths. Here are some top careers business analytics graduates can pursue:
- Supply Chain Analyst
- Quantitative Analyst
- Operations Analyst
- Market Research Analyst
- Healthcare Analyst
- Financial Analyst
- Digital Marketing Analyst
- Data Analyst
- Consultant, Risk Analyst
- Business Intelligence Analyst.
- Business Analyst
Upon completing an online business analytics degree, potential roles include:
| Occupation | Job Description | Median Annual Salary | Job Growth (up to 2031) | Skills Required |
|---|---|---|---|---|
| Accountants and Auditors [20] | Accountants and auditors ensure the accuracy of financial statements in strict compliance with laws and regulations, handling tax computations, preparing returns, and ensuring timely and accurate tax payments. These professionals thoroughly examine account books and accounting systems, diligently assessing efficiency while pinpointing potential fraud risks. | $78,000 | 4% (as fast as average) | Analytical and critical thinking, communication, detail-oriented, math, and organizational skills. |
| Budget Analyst [21] | The budget analyst’s role involves transparently communicating funding requests to internal stakeholders, legislators, and the public. Beyond this, budget analysts assist top-level managers in analyzing proposed plans and offering alternatives if projected outcomes fall short. They are vital in monitoring organizational spending, informing program managers about fund availability, and estimating future financial needs. | $82,260 | 3 % (as fast as average) | Analytical, communication, detail-oriented, math, and writing skills. |
| Financial Analysts [22] | Financial analysts specialize in appraising opportunities for fund allocation to generate profit. By thoroughly examining a company’s financial statements, they assess its overall value and engage with company officials to glean insights into prospects. | $96,220 | 8% (as fast as average) | Analytical, communication, computer, decision-making, detail-oriented, and math skills. |
| Actuaries [23] | Actuaries collaborate with businesses and clients to design policies that efficiently reduce the financial impact of risks, making their contributions especially crucial to the insurance industry. They gauge these events’ probability and economic consequences by compiling and analyzing statistical data. | $113,990 | 23% (as fast as average) | Analytical, communication, computer, interpersonal, problem-solving, and math skills |
| Compensation, Benefits, and Job Analysis Specialists [24] | Compensation, benefits, and job analysis specialists utilize data and conduct cost analyses to compare different compensation and benefits structures, ensuring alignment with industry standards and organizational goals. Evaluating position descriptions is another integral aspect of their responsibilities, where they determine classification and salary details to maintain internal equity. | $67,780 | 7% (faster than average) | Analytical, business, communication, and critical-thinking skills. |
| Cost Estimators [25] | Cost estimators read blueprints and technical documents to prepare detailed estimates and collaborate closely with engineers, architects, clients, and contractors. They collaborate with sales teams to prepare estimates and bids for clients, playing a pivotal role in securing contracts. | $71,200 | -3% (decline) | Interpersonal, problem-solving, time-management, and leadership skills. |
| Data Analyst [26] | A Data Analyst uses experience and data collection to make informed decisions and understand client needs and expectations. They support network operations and assessment administration, collaborating with team members to fulfill organizational goals and ensure effective implementation of the FLACS mission. | $107,829 | No Data Available | Communication, interpersonal, organizational, problem-solving, and team-handling skills. |
| Senior Business Analyst [27] | A Senior Business Analyst collaborates with various teams to ensure accurate and timely content. They develop proposals, bids, and documents describing organizational products and services. This role requires a bachelor’s degree and in-depth knowledge of the organization’s offerings, handling complex or high-value client inquiries. | $91,790 | No Data Available | Communication skills, interpersonal, and problem-solving skills. |
Certifications and Licensing for Master’s in Business Analytics Online Graduates
Professional certifications in business analytics offer numerous benefits for individuals navigating the data-driven landscape. They validate expertise, enhancing credibility for employers and clients. Certifications also empower professionals to excel in their careers, tackle complex challenges, and innovate in a data-centric world. There are professional certifications that students with an online degree in business analytics can take up, including:
Certified Business Analysis Professional (CBAP®) [28]
The Certified Business Analysis Professional (CBAP) validates an individual’s skills in business analysis but also opens doors to increased professional recognition, expanded career opportunities, and ongoing engagement with the evolving standards of the field. The commitment to continuous learning and renewal of the certification every three years through Continuing Development Units (CDUs) reinforces the CBAP holder’s dedication to staying at the forefront of business analysis practices.
Microsoft Certified: Power BI Data Analyst Associate [29]
Microsoft Certified: Power BI Data Analyst Associate certification signifies expertise in a widely adopted business intelligence tool but also enhances career opportunities by attesting to a candidate’s data analysis and visualization competency. Success in the associated exam demonstrates a deep understanding of Power BI functionalities and proficiency in leveraging its features to derive valuable insights from organizational data.
SAS Certified Statistical Business Analyst Using SAS 9 [30]
SAS Certified Statistical Business Analyst Using SAS 9 certification signifies a deep understanding of statistical analysis. It also serves as a valuable credential for individuals seeking to enhance their capabilities using SAS for business intelligence and data-driven decision-making. The SAS Certified Statistical Business Analyst Using the SAS 9 designation is recognized in the industry, contributing to the professional growth and credibility of those who achieve it.
Cloudera Certified Data Analyst [31]
The Cloudera Certified Data Analyst certification is particularly relevant for individuals aiming to enhance their expertise in big data analytics and advance their careers in data-driven decision-making. It is a testament to a professional’s ability to navigate and extract meaningful information from vast and complex datasets using Cloudera’s platforms.
Professional in Business Analysis [32]
The PMI Professional in Business Analysis (PMI-PBA) certification is designed for professionals who manage and lead business analysis activities. It validates expertise in defining requirements, shaping project outcomes, and managing stakeholder expectations, enhancing skills in business analysis and project management for career advancement.
Additional Resources for Master’s in Business Analytics Online Graduates
Students remain current, competitive, and well-prepared for successful careers in Business Analytics and Applied Business Analytics, when they have access to networking opportunities, career development support, and the latest developments in the field. They can join professional organizations that provide resources as indispensable tools to deepen their knowledge, hone their skills, and forge meaningful connections in the dynamic landscape of data-driven decision-making. Some organizations that those with a master’s degree in business analytics online can access are:
| Title/Resource | Description |
|---|---|
| Modern Analyst | Modern Analyst is a comprehensive resource for business analysts and IT professionals, offering articles, webinars, and forums on business analysis, systems analysis, and data analysis. It provides industry news, best practices, and career advice, making it a valuable platform for staying informed and advancing professional skills in analytics. |
| International Institute of Business Analysis | The International Institute of Business Analysis (IIBA) provides resources and opportunities for professional development in business analysis. It includes workshops, webinars, conferences, and networking events that allow business analysts to enhance their skills and stay updated on industry trends. |
| American Statistical Association | The American Statistical Association (ASA) promotes education and professional development in statistics. It includes offering resources, webinars, and workshops to support the continuous learning and development of statisticians and data scientists. Members include individuals from academia, industry, and government. |
| Data Science Association | The Data Science Association organizes conferences, seminars, and events to bring together professionals and researchers in the field. They publish journals, magazines, or newsletters to share research findings, case studies, and insights related to data science practices and methodologies. Members may include data scientists, analysts, researchers, educators, and industry professionals. |
| Digital Analytics Association | The Digital Analytics Association (DAA) provides education and training, including webinars, workshops, and other educational programs to enhance skills and knowledge. DAA offers a certification program known as the Digital Analytics Certification Program (DACP). |
| Society of Actuaries | The SOA supports research initiatives and publishes research papers and studies related to actuarial science. These publications contribute to the advancement of knowledge in the field. They engage in advocacy efforts to promote the value of actuarial expertise and to contribute to public policy discussions related to insurance, pensions, and financial risk management. |
| BA Times | BA Times is an online resource dedicated to business analysis professionals. It features articles, webinars, and tutorials on best practices, industry trends, and career development. The platform is a hub for knowledge sharing and professional growth, helping business analysts stay updated and enhance their skills. |
| Towards Data Science | Towards Data Science is a popular online publication that shares concepts, ideas, and tutorials on data science and analytics. It covers various topics, including machine learning, data visualization, and AI. The platform is a valuable resource for professionals and students seeking to stay informed and enhance their skills in data science. |
| Domo | Domo is a cloud-based business intelligence platform that provides real-time data visualization and analytics. It allows organizations to integrate data from multiple sources, creating interactive dashboards and reports. Domo helps businesses make data-driven decisions by offering powerful tools for data analysis, collaboration, and team performance tracking. |
FAQs About Master’s in Business Analytics Online Programs
Why should you do a business analytics degree online?
Online master’s programs in business analytics offer flexibility for working professionals or those with other commitments. They can study from anywhere, balancing education with their current lifestyle. Online programs often provide access to the same quality of education as traditional on-campus programs.
How long does it typically take to complete an online business analytics?
Do I need experience in analytics for admission to an online master’s business analytics degree?
What is the difference between business analytics and data science?
What can you do with an online master’s business analytics degree?
Can you personalize your online master’s in business analytics degree coursework?
Is an online master’s program in business analytics affordable?
Should students complete a specialization area in business analytics?
Do I have to do a thesis-based master’s in business analytics?
Is an online master’s in business analytics worth it?
Citations:
U.S. Labor Bureau of Labor Statistics projects-Business and Financial Occupations
Drexel University and LeBow College of Business
AACSB International (Association to Advance Collegiate Schools of Business)
ACBSP (Accreditation Council for Business Schools and Programs)
BUx: Business Analytics for Data-Driven Decision-Making-edX
Business Analysis & Process Management-Coursera
Introduction to Data Analytics with Python- Alison
Advanced Business Analytics Specialization-Coursera
Become a Stronger and More Productive Business Analyst- Udemy
INFORMS Analytics Society Student Scholarship
SAS Global Forum Student Scholarship
The Data Science Scholarship by DataCamp
U.S. Bureau of Labor Statistics: Accountants and Auditors
U.S. Bureau of Labor Statistics: Budget Analyst
U.S. Bureau of Labor Statistics: Financial Analysts
U.S. Bureau of Labor Statistics: Actuaries
U.S. Bureau of Labor Statistics: Compensation, Benefits, and Job Analysis Specialists
U.S. Bureau of Labor Statistics: Cost Estimators
Senior Business Analyst- Salary.com
Certified Business Analysis Professional (CBAP®)
Microsoft Certified: Power BI Data Analyst Associate
SAS Certified Statistical Business Analyst Using SAS 9