What type of jobs can you get with a Master's in Business Analytics?

The MS in Business Analytics prepares students to decode the complex issues today's organizations face through data analysis and deliver high-value solutions. 

Are you seeking a degree with lucrative career opportunities? A Master's in Business Analytics equips individuals with the skills and knowledge needed to excel in the data-driven world of business. This program blends statistics, computer science, and business strategy to analyze complex data sets and extract valuable insights. Graduates of this program are skilled at interpreting data trends, making informed decisions, and implementing strategies that drive organizational success. 

An ​​​​MS in Business Analytics can also significantly enhance career prospects across various industries. The rapid growth of modern technology has put data at the focal point of today's competitive job market, and businesses need individuals who can harness the power of this information to drive innovation and optimize processes. Upon completing their degrees, graduates are well-positioned to thrive in roles ranging from data analysts and project managers to business consultants and high-level executives. 

What is an MS in Business Analytics?

An MS in Business Analytics is a ​​​​Master of Science degree focused on applying data analytics, techniques, and tools to solve problems and improve organizational decision-making processes. It is also known as a Master's in Business Analytics. 

What jobs can you pursue with an MS in Business Analytics? 

Ultimately, a Master's in Business Analytics opens doors to diverse and rewarding career paths, empowering professionals to make meaningful contributions in an increasingly data-driven global economy. Business analytics careers run the gamut across various industries and sectors, with positions in management, operations, analytics, and more. Roles for which this degree qualifies you for include data scientists, analysts, business intelligence engineers, and analytics managers. 

What are the job prospects for professionals with an MS in Business Analytics? 

Business analytics jobs are experiencing a surge in demand as organizations recognize the critical role of data-backed strategy in gaining an edge in the market. This trend has boosted the job prospects for candidates with a Master's in Business Analytics degree. In 2023, the Bureau of Labor Statistics (BLS) predicted more than 11 percent projected employment growth for data scientists, statisticians, actuaries, and operations research analysts by 2033. This exceeds the 4 percent average growth rate for all occupations. The BLS expects the spike in demand for job employment to remain robust as companies expand to online storefronts, offering promising career opportunities with strong salary potential.

An MS in Business analytics can prepare you for these positions:

Business analyst

Business analysts bridge the gap between data analysis and business strategy by interpreting data and forming actionable insights to excel the company. Whether optimizing processes, improving product performance, or enhancing customer experience, business analysts are vital in driving efficiency and innovation within companies. As of 2023, the median annual business analyst salary potential is $99,410. The demand for business analysts is growing much faster than average at 11 percent. 

Data scientist 

In this role, professionals use statistical modeling, machine learning algorithms, and programming languages to extract findings from large datasets and solve complex business problems, ranging from predictive analytics for sales forecasting to recommendation systems for personalized marketing. Data scientists' median salary outlook is $108,020 per year but can vary depending on experience level and location. The demand for data scientists is growing much faster than average at 36 percent.

Financial analyst 

Financial analysts with a background in business analytics possess a unique skill set that enables them to provide financial assistance and forecast future performance. They utilize statistical models and data visualization techniques to identify key trends and risks, helping organizations strengthen their financial strategies, manage resources efficiently, and achieve their business objectives. These analysts earn a median annual salary of $99,890, with 9 percent projected job growth through 2033.

Management consultant 

Management consultants offer strategic advice and solutions to organizations seeking to improve performance and maximize efficiency. They work closely with clients to understand their goals and challenges, conducting thorough analyses to provide recommendations that drive sustainable growth and competitive advantage in the market. Management consultants earn an annual median salary of $63,292 and a projected job growth for management consultants is growing at 11 percent.

Market research analyst 

Market research analysts are critical in helping organizations understand market dynamics, consumer behavior, and competition. They employ a variety of research methodologies, including surveys, focus groups, and data mining techniques​​ to identify market trends, customer preferences, and growth opportunities. By leveraging data-driven insights, market research analysts enable organizations to make informed decisions and develop effective marketing strategies to reach target audiences and drive business success. The annual median salary potential is $74,680 for this role, with a projected employment growth of 8 percent.

Operations research analyst 

Operations analysts focus on optimizing business processes and improving operational efficiency within organizations. They analyze data and detect impediments to recommend solutions for streamlining operations. The projected job growth for operations research analytics is significantly higher than average, coming in at 23 percent. Their median salary is $83,640 annually