As per the most authoritative source on career outlooks, there is a forecasted 25% growth rate for business analysts by 2030. While predictions may not guarantee the future, business analysts are greatly favored in them. To say that you have a bright future in business analytics wouldn’t be an exaggeration.
Nevertheless, many people are still curious about how to get in. Here, getting an MBA business analytics is the solution. Gaining the extensive skills and knowledge to pursue a variety of professional options is possible with an online MBA in business analytics. This blog will explore the professional paths that an MBA in Business Analytics can lead to in 2024.
Unlocking Career Prospects With an MBA in Business Analytics
Based on your interests and the job description that offers you the best growth potential, as an MBA analytics graduate, you must pursue one of the following career pathways.
Business Analyst
A business analyst also handles the business side of things and shares some of the duties of a data analyst. To comprehend and meet the employment requirements, one must have an MBA Business Analytics. These include creating new models and strategies to raise the business’s operational quality as well as carrying out financial and operational modeling.
Data Analyst
A data analyst’s responsibility is to compile data from diverse sources in order to address particular data-driven business inquiries. Data analysts can learn how to evaluate this data and convert it into insightful knowledge that can guide long-term company decisions from a master’s degree in business analytics.
Market Research Analyst
As the name implies, a market research analyst looks at both the past and present state of the market to estimate the future sales of any good or service. The ideal background for this position is an MBA in Business Analytics, which trains professionals in doing this kind of research by collecting data through focus groups, surveys, interviews, public opinion polls, and more.
Data Scientist
Finding actionable business insights for their company through the collection and analysis of complex data is the responsibility of a data scientist. Gaining the many abilities required to complete these jobs is ideal with an MBA in Business Analytics.
Business Intelligence Manager
The primary responsibility of business intelligence managers is to support and enhance enterprises with data-driven solutions pertaining to business practices and strategies, with the ultimate goal of boosting profitability and productivity. Moreover, BI managers oversee and mentor other analysts, many of whom hold an MBA in business analytics.
Get Competitive Salary With an MBA in Business Analytics
MBA analytics graduates often fetch competitive pay and attractive benefits packages because of their distinct skill sets and strong demand in the workforce.
An MBA can significantly increase job possibilities in the field of business analytics and possibly lead to an average compensation of between $98,000 — $110,000 annually. The combination of business savvy and analytical abilities that an MBA frequently offers is highly valued in this profession, opening doors to improved possibilities and excellent pay packages.
Ending Note
The demand for people with analytics expertise is rising, and Edgewood College offers online MBA accounting programs with a concentration on business analytics to prepare students to take advantage of elements like business intelligence by honing their advanced analytical skills.
So, seize the potential of analytics and open up the fascinating employment options that the online MBA degree will present to you.
FAQs
1. Are business analytics MBAs in high demand?
MNCs from a variety of sectors and industries, including Financial Services, FinTech, Retail, IT, E-commerce, Telecommunication, EduTech, and many more, are the main source of the high demand for workers with an MBA in Business Analytics.
2. Can someone with an MBA in business analytics work as a consultant?
With their ability to wring useful insights from huge datasets, they can choose careers as Data Scientists, Business Intelligence Managers, or Analytics Consultants.
