Career prospects in data science and analytics will rise, especially in the business sector, as the world shifts towards data in all its forms. So, business analytics MBA programs would undoubtedly pique your interest if you have completed your bachelor’s and wish to pursue an MBA further and have a penchant for arithmetic, statistics, and logical reasoning.
Before entering the analytics industry, this field requires additional experience and practical training in a business setting. Since the MBA analytics course is structured using a case-based study approach, which will encourage you to pursue a career in analytics, picking the MBA program at Edgewood College will be advantageous for you. You can read this blog to gain insight into the course material and its implications for your future career.
Scope of Business Analytics MBA Programs
Since the field of analytics is expanding, gaining analytical skills and enrolling in a management school might help you progress in your work. Gaining the following skills with an MBA in Business Analysis:
- Python and R
- Business intelligence and reporting software
- Database design
- Effective Communication
- Industry Knowledge
- SQL databases
- Survey/query software
- Accounting and finance
- Data visualization
- Problem-solving skills
- Creative Thinking
A graduate degree in any discipline is required, as is passing the national eligibility exam for an MBA course in order to be qualified for this course. Following your course completion, you can enter one of three primary domains. They are analyses that are predictive, prescriptive, and descriptive.
Based on your skill set, subject expertise, and work history, companies make you an offer for a position. All industries, including MNCs and e-commerce businesses, are seeking to hire MBA analytics grads with accounting and analytical skills since they are the wave of the future.
How Can Business Analytics MBA Programs Boost Your Career?
Here are a few ways in which Business Analytics MBA programs can help graduates and working professionals boost their careers:
It Offers Dynamic Career Opportunities:
Choosing an MBA in Business Analytics education will give you access to a multitude of job choices. All of these professional paths result in a very lucrative salary as well as a quick and dynamic upward career graph. Let’s examine the options for a career in business analytics after this. Among the career options are:
- Data Analyst/Scientist
- Market research Analyst
- Business Analyst
- Business Analyst Project Manager
- Data Scientist
- Market Research Analyst
- Data Analyst SAS Programmer
- Data Warehousing Expert
- Chief Data Officer
- Management Analyst/Consultant
- Business Intelligence Analyst
- Operations Research Analyst
- Data Analyst
- Business Intelligence Analyst
- Marketing Manager
- Financial Analyst
- Research Analyst
- Marketing Analyst
- Operations Analyst
- Supply Chain Analyst
It Opens Doors To Career Options With High Salaries:
Glassdoor reports that the average annual compensation in the US for a business analytics professional is $98,806. Compared to other business sector disciplines, this is a significantly large figure. It’s important to keep in mind that this pay was determined after accounting for all of the recent graduates entering the profession through entry-level roles.
This implies that a person’s pay will rise significantly when they advance to higher positions, particularly managerial ones. So, it is evident that a career in business analytics pays extremely well. By enrolling in an online MBA with an accounting concentration, you can also gain access to these high-salary packages.
It Gives Access To Plenty of Networking Opportunities:
You will have to deal with a wide range of people in the business sector who come from different backgrounds and specializations. Your network of contacts in the business world will consequently expand rapidly, and you will meet new people who can assist you in your professional endeavors.
As you gather references, suggestions, and news about new job chances from your quickly growing network, your career will take off. These solid and enduring relationships will be very beneficial to you.
Final Words: Get Your Online MBA From Edgewood College Today!
There are several options accessible for anyone who wishes to work with data and analysis in the broad field of business analytics. With online alternatives and flexible degree programs, Edgewood College in the USA offers students a demanding education.
While juggling their existing obligations, like a job, students can continue their education and strive toward their ideal careers.
You will be able to collaborate closely with motivating mentors and instructors with these degrees to help you identify the ideal career path. Find out more about what makes Edgewood’s online MBA with an accounting concentration. Imagine yourself working toward your career objectives and get started right away.
FAQs
1. Is an MBA in business analytics worth it?
Yes, given that the field of business analytics has bright future possibilities and is expanding quickly as an increasing number of firms use it. You’ll stand out from the competition and be able to pursue senior roles in this industry if you have an MBA from a reputable business school.
2. What are the specific areas that come under Business Analytics?
The areas under the field of business analytics are:
- Decision Support Systems
- Enterprise Resource Planning (ERP systems)
- Experimental Design
- Business Intelligence
- Data Warehouses
- Data Mining, and more.
