In the interconnected world, the internet, data accessibility, and its impact are intertwined. Data, commonly associated with the internet, extends beyond it. Information includes demographics, habits, preferences, likes, dislikes, etc. When digital footprints are considered, data expands significantly. Effectively mined and analyzed, this data yields valuable insights. Organizations, governments, agencies like Air Traffic Control, marketing firms, and profit and non-profit entities utilize this information. Data analysis, a key component of online Master’s in Data Analytics programs, involves learning data collection, mining, analysis, and related techniques for extracting intelligence.
A few of the biggest dilemmas while deciding to do a master’s in data analytics are which program to pursue and the best data analytics programs. And then, there are other considerations such as cost, placements, starting salary, employment rates, acceptance rates, etc. The teams at OMC went through all these matrices through a unique methodology and created a list of the best online master’s in data analytics programs. See the data analytics master’s rankings below:
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College Name & Address | Tuition | Graduation Rate |
---|---|---|
#1 Georgia Institute of Technology 225 North Ave, Atlanta, Georgia 30332 | $14,064 | 90% |
#2 Villanova University 800 Lancaster Avenue, Villanova, Pennsylvania 19085 | $20,619 | 90% |
#3 University of Wisconsin Madison 500 Lincoln Dr, Madison, Wisconsin 53706 | $10,728 | 88% |
#4 Worcester Polytechnic Institute 100 Institute Road, Worcester, Massachusetts 01609 | $28,980 | 89% |
#5 Texas A&M University JKW Administration Building, Suite 200, College Station, Texas 77843 | $6,775 | 82% |
#6 Saint Louis University One North Grand Blvd, Saint Louis, Missouri 63103 | $21,420 | 79% |
#7 American University 4400 Massachusetts Ave NW, Washington, District of Columbia 20016 | $34,533 | 79% |
#8 Colorado State University, Global Campus 585 Salida Way, Aurora, Colorado 80011 | $9,000 | NA |
#9 Brandeis University 415 South St, Waltham, Massachusetts 02454 | $51,940 | 87% |
#10 Boston University One Silber Way, Boston, Massachusetts 02215 | $56,854 | 88% |
#11 University of Missouri 105 Jesse Hall, Columbia, Missouri 65211 | $9,478 | 71% |
#12 George Mason University 4400 University Dr, Fairfax, Virginia 22030 | $12,594 | 71% |
#13 Oregon State University 1500 SW Jefferson Avenue, Corvallis, Oregon 97331 | $13,257 | 67% |
#14 New Jersey Institute of Technology University Heights, Newark, New Jersey 07102 | $20,624 | 67% |
#15 University of North Texas 1501 W.Chestnut Ave., Denton, Texas 76203 | $6,350 | 56% |
#16 Southern New Hampshire University 2500 North River Road, Manchester, New Hampshire 03106 | $18,810 | 44% |
#17 Harrisburg University 326 Market Street, Harrisburg, Pennsylvania 17101 | $7,200 | 31% |
#18 Western Governors University 4001 South 700 East Suite 700, Salt Lake City, Utah 84107 | $7,500 | 21% |
#19 University of Maryland Global Campus 3501 University Blvd East, Adelphi, Maryland 20783 | $8,640 | 15% |
Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available
Given the higher expenses of pursuing a master’s degree than a bachelor’s, finding an affordable online master’s in data analytics is essential. The OMC teams have comprehensively analyzed reputable graduate schools nationwide to identify institutions offering cost-effective online programs in data analytics. Explore these exceptional schools prioritizing quality education and affordability, enabling individuals to pursue academic goals without financial strain. Refer to the methodology page for further insights. Here is a list of the most affordable online master’s in accounting programs:
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<a href="https://www.onlinemasterscolleges.com/masters-in-data-analytics-online/">Data Analytics Online</a>
College Name & Address | Tuition | Graduation Rate |
---|---|---|
#1 Dakota State University 820 N Washington Ave, Madison, South Dakota 57042 | $5,939 | 43% |
#2 University of North Texas 1501 W.Chestnut Ave., Denton, Texas 76203 | $6,350 | 56% |
#3 Emporia State University 1 Kellogg Circle, Emporia, Kansas 66801 | $6,547 | 50% |
#4 Texas A&M University JKW Administration Building, Suite 200, College Station, Texas 77843 | $6,775 | 82% |
#5 University of Oklahoma 660 Parrington Oval, Norman, Oklahoma 73019 | $6,943 | 70% |
#6 Harrisburg University 326 Market Street, Harrisburg, Pennsylvania 17101 | $7,200 | 31% |
#7 Western Governors University 4001 South 700 East Suite 700, Salt Lake City, Utah 84107 | $7,500 | 21% |
#8 University of Illinois Springfield One University Plaza, Springfield, Illinois 62703 | $8,247 | 54% |
#9 University of Maryland Global Campus 3501 University Blvd East, Adelphi, Maryland 20783 | $8,640 | 15% |
#10 Colorado State University, Global Campus 585 Salida Way, Aurora, Colorado 80011 | $9,000 | NA |
#11 University of Missouri 105 Jesse Hall, Columbia, Missouri 65211 | $9,478 | 71% |
#12 University of Wisconsin Madison 500 Lincoln Dr, Madison, Wisconsin 53706 | $10,728 | 88% |
#13 University of California, Los Angeles 405 Hilgard Ave, Los Angeles, California 90095 | $11,442 | 92% |
#14 George Mason University 4400 University Dr, Fairfax, Virginia 22030 | $12,594 | 71% |
#15 Oregon State University 1500 SW Jefferson Avenue, Corvallis, Oregon 97331 | $13,257 | 67% |
#16 Saint Joseph’s University 5600 City Avenue, Philadelphia, Pennsylvania 19131 | $17,802 | 81% |
#17 Southern New Hampshire University 2500 North River Road, Manchester, New Hampshire 03106 | $18,810 | 44% |
#18 Villanova University 800 Lancaster Avenue, Villanova, Pennsylvania 19085 | $20,619 | 90% |
#19 Saint Louis University One North Grand Blvd, Saint Louis, Missouri 63103 | $21,420 | 79% |
Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available
Master’s in Data Analytics programs include advanced statistical analysis, machine learning, and data visualization coursework. Students develop expertise in handling large datasets, utilizing programming languages like Python or R, and applying statistical models to extract valuable insights. The curriculum often includes real-world projects, and sharpening practical skills. Graduates are equipped to navigate the complexities of data analytics, making informed decisions and contributing to innovative solutions in industries such as business, healthcare, and technology.
The curriculum in online Master’s in Data Analytics programs is designed to equip students with advanced analytical skills and strategic insights. It covers diverse aspects of data analytics, emphasizing real-world applications. The curriculum aims to prepare graduates for leadership roles in navigating the complexities of data-driven decision-making in various industries. Here are some examples of courses commonly found in Master’s in Data Analytics Online programs:
Upon graduation, students can expect to gain the following skills and learning outcomes:
There would typically be a few variants of a master’s in data analytics, with a few subjects changing concerning the specialization being pursued. Master’s in Data Analytics programs mainly come in three-degree formats – MS in Data Analytics, MPS in Analytics, and MBA in Data Analytics. Below, we will discuss the different types of master’s that can be pursued in data analytics.
Master of Science in Data Analytics programs prepare students for specialist roles in analytics, business intelligence, and even data science. Typically, these students have strong STEM backgrounds and pursue this science degree to get into the Data Analytics field and/or want to increase their career prospects by becoming a Master of Data Analytics.
Big data is growing exponentially in today’s business world. The Master of Professional Studies in Data Analytics is an instrument to harness, cultivate, and curate big data. The 30-credit program provides students the skills to design, implement, and apply data analysis techniques to various industries that utilize high quantities of data to determine trends, construct models, and make strategic decisions.
This program is designed for students looking to hone their analytical skills to provide data-driven business recommendations. MBA in Data Analytics programs focus on the business side of Data Analytics and not necessarily the technical side of this field.
When some are trying to start a career in a data-related field, students are often confused about the difference between data analytics and data science. Despite being interconnected, they provide different results and pursue different approaches. Here, we will discuss their differences and look at what each delivers. Furthermore, we will also discuss the difference between data analytics and business analytics.
Data analysis involves answering questions generated for better business decision-making. It uses existing information to uncover actionable data. Data analytics focuses on specific areas with specific goals. On the other hand, data science focuses on discovering new questions one might not have realized answering to drive innovation. Unlike data analytics, which involves checking a hypothesis, data science tries to build connections, shaping the questions to answer them for the future. If we used the analogy of a house, it would be safe to say that If data science is a home for all the methods and tools, data analytics is a small room in that house. Data analytics is more specific and could be considered a special and concentrated field of data science.
Data analytics focuses more on viewing the historical data in context, while data science focuses more on machine learning and predictive modeling. Data science is a multi-disciplinary blend that involves algorithm development, data inference, and predictive modeling to solve analytically complex business problems. On the other hand, data analytics involves a few different branches of broader statistics and analysis.
Data analytics involves analyzing datasets to uncover trends and insights to make informed organizational decisions. Business analytics focuses on analyzing various types of information to make practical, data-driven business decisions and implement changes based on those decisions. Business Analytics often uses insights drawn from data analysis to identify problems and find solutions.
While data analysts and business analysts work with data, the main difference lies in what they do with it. Business analysts use data to help organizations make more effective business decisions. In contrast, data analysts are more interested in gathering and analyzing data to evaluate and make decisions independently.
Masters in Data Analytics students benefit from specialized coursework tailored to real-world applications. These focused studies enhance their analytical skills, making graduates adept at handling complex datasets. The practical knowledge gained prepares them for dynamic roles in industries where data-driven decision-making is essential. Specializations empower students to navigate the evolving data analytics landscape, cultivating adaptable and highly sought-after expertise. Below is a list of a few master’s in data analytics courses with specialization and career paths post-graduation:
Area of Focus | Description | Careers This Concentration prepares for |
---|---|---|
Machine Learning | This specialization explores advanced algorithms, statistical models, and computational methods. Students gain expertise in creating systems that learn from data, enabling them to develop predictive models, uncover patterns, and make informed decisions, fostering proficiency in the dynamic field of machine learning applications. | • Machine Learning Engineers • Data Scientists • Artificial Intelligence (AI) Research Scientists |
Business Analytics | This specialization focuses on extracting actionable insights from business data. Students learn to apply statistical methods, data modeling, and predictive analytics to enhance finance, marketing, and operations decision-making. This specialization equips graduates to drive strategic initiatives and optimize business performance through data-driven approaches. | • Business Analysts • Operations Analysts • Marketing Analysts |
Healthcare Analytics | This specialization explores the application of data analysis in the healthcare industry. Students learn to leverage data to improve patient outcomes, optimize healthcare processes, and make informed decisions. This specialization equips graduates with skills to address complex challenges in healthcare delivery and management through data-driven insights. | • Healthcare Data Analysts • Clinical Informatics Specialists • Healthcare Analytics Consultants |
Financial Analytics | This specialization focuses on utilizing data analysis to make informed financial decisions. Students learn to apply statistical methods and predictive modeling to interpret financial data, manage risks, and optimize investment strategies. This specialization equips graduates to navigate the complexities of financial markets and enhance decision-making in the finance industry. | • Financial Analysts • Quantitative Analysts • Risk Analysts |
Supply Chain Analytics | This specialization concentrates on optimizing and enhancing supply chain processes through data-driven insights. Students learn to analyze and interpret procurement, logistics, and inventory management data, enabling informed decision-making for efficient and resilient supply chain operations. This specialization equips graduates to address challenges and implement improvements in the dynamic field of supply chain management. | • Supply Chain Analyst • Logistics Analyst • Procurement Analyst • Operations Analyst • Demand Planner |
Most master’s in data analytics online typically takes anywhere between 16-24 months, while many accelerated master’s programs require just one year of study after students have completed their bachelor’s. In doing an accelerated program, students can save money on tuition. Typically, for a master’s in data analytics, students need to take 30 – 36 hours of credits.
Some experienced hands in the data analytics domain would benefit from a fast-track master’s in data analytics online program. But these programs are very rigorous and fast-paced and hence not for someone not versed in the discipline. These accelerated programs are similar to the 1-year MBA degrees. Here are a few universities that offer 1-year Master’s in Data Analytics Online programs:
Admission requirements vary from one university to another for a Master’s in Data Analytics Online. Most colleges generally require an undergraduate degree in data analytics or related fields. Since master’s programs require advanced coursework, institutions typically ensure students have a foundational understanding of data analytics. Furthermore, some programs may require the GRE test scores. Here are some of the standard admission requirements for the program:
The Graduate Record Examination GRE assesses a student’s ability to complete graduate coursework independently. It is commonly required for admission to many universities. Fortunately, a growing trend among several schools is to make GRE scores optional. In such cases, institutions may waive the GRE requirement selectively, but they become more selective, setting higher criteria for minimum undergraduate GPA, work experience, certification, recommendation letters, and other factors.
Accreditation means that an institution has been evaluated by an independent accrediting body and found to meet the high standards of a rigorous education. Thus, accreditation is the enforcement of quality. Unviservisites are often institutionally accredited by one of the federally recognized accreditors 4 for students to be eligible for U.S. federal student aid 5 . These accreditors are:
AACSB Accredited International 6 is one organization that accredits data analytics master’s programs. It is a global non-profit association that connects educators, students, and businesses to achieve a common goal: creating the next generation of great leaders.
Find out more about accreditation in the Accreditation Guide.
Free online courses do not result in a master’s degree; nonetheless, they can prove valuable for students in their day-to-day studies, assignments, exams, and capstone projects. Numerous free courses online, often created or offered by prestigious universities worldwide, offer information and insights that may not be readily available in traditional classrooms or textbooks. For students pursuing a master’s degree in digital analytics, here are some platforms providing free courses:
Course | Description | Provided by |
---|---|---|
Introduction to Data Analytics with Python 7 | This course introduces the fundamentals of data analytics, encompassing key elements of Python programming. It explores various opportunities arising from the study of data analytics, such as assessing credit risks and advancing pharmaceutical research. Upon completion, one will comprehensively understand major data analytics types. | Alison |
Introduction to Transforming with Data Analytics and the Digital Organization 8 | This course provides a framework to navigate challenges posed by digital transformation successfully. Students learn how to use dynamic capabilities within the organization to initiate digital transformation. Second, utilize fitness landscapes to construct a competitive digital business model. Finally, implement a strategic foresight function to evolve the digital business model for continued organizational success. | edX |
Descriptive Statistics with Excel for Data Analytics 9 | This course is a practical guide for individuals passionate about pursuing a career as a data analyst. Learners will not only acquire quantitative statistical methods but also understand the underlying reasons and gain the ability to interpret data linguistically and in terms of statistical values and concepts. | Udemy |
Considering the cost of education and students’ debt, it is crucial to understand how to fund a master’s in data analytics online program. Several options are available to interested students looking for financial assistance. Here are a few ways master’s in data analytics students can fund their degree program:
Scholarships are financial awards that support deserving students pursuing advanced education in data analytics. These scholarships, offered by institutions and organizations, aim to recognize academic excellence and contribute to the professional development of individuals in the dynamic field of data analytics.
Grants are non-repayable funds that government agencies, institutions, or organizations provide to support specific projects or individuals. Unlike loans, grants do not require repayment and are awarded based on criteria such as need, merit, or the alignment of the project with the grantor’s objectives. They serve to promote education, research, and various community initiatives.
Student loans are financial tools that enable students to borrow money to cover education costs, including tuition, fees, and living expenses. These loans typically attract interest and must be repaid, often with flexible terms. Government and private lenders offer student loans, providing students with resources to invest in their education and career development.
Graduate assistantships allow graduate students to work part-time in academic or research roles while pursuing their studies. Students may receive financial support, such as a stipend or tuition remission, in exchange for their services. These assistantships provide valuable experience, mentorship, and financial assistance, enhancing the overall graduate education experience.
FAFSA, or Free Application for Federal Student Aid, is a form in the United States that students complete to apply for federal financial aid, including grants, work-study, and loans. It is a crucial step in accessing financial assistance for higher education and is used by colleges, universities, and state agencies to determine eligibility for various aid programs.
Many scholarships are available for a master’s in data analytics online program. A few of them are listed below:
ACM SIGHPC/Intel Computational & Data Science Fellowship 10
The Association for Computing Machinery’s (ACM) Special Interest Group on High-Performance Computing (SIGHPC) partners with Intel to provide the Computational & Data Science Fellowship worth $15,000 annually to masters or doctoral students researching big data. Eligible nominees will be females or members of racial minority groups who have completed less than half of their computing degrees at accredited US colleges.
Application Deadline: April 30, 2024
MinneAnalytics provides scholarships to undergraduate students actively pursuing a degree in a field connected to data analytics. Each recipient is granted a $1,000 award, with the total fund amounting to $100,000.
[Application Deadline: All Year]
Post a master’s in data science online, one can delve into many roles in the data field. This could vary from a data analyst role at an entry level to a Chief Technology Officer (CTO) role at the top of the hierarchy. There would be other intermediatory roles in between. Below is a list of roles and salaries with their responsibilities outlines:
Occupation | Median Annual Salary | Job Growth (up to 2032) | Job Description |
---|---|---|---|
Information Security Analyst 12 | $112,000 | 32% (much faster than average) | The incumbent assists with setting up machine learning techniques for cybersecurity risk reporting and alerts and helps to alert the university of potential cyber threats. |
Market Research/Research Data Analyst 13 | $68,230 | 13% (much faster than average) | Research Data Analyst acquires skills and knowledge of professional concepts in research data analysis, focusing on machine and deep learning. |
Computer and Information Research Scientists 14 | $136,620 | 23% (much faster than average) | Computer and information research scientists devise creative applications for emerging and established technologies. They analyze and address intricate computing challenges across various sectors, including business, science, medicine, and beyond. |
Equity Research Data Analyst 15 | $111,875 | No Data Available | Leads the planning and implementation of program evaluation and equity analysis projects, facilitating and identifying the scope, goals, and deliverables and providing analysis and reports. Establish data collecting and management procedures that allow for formative and summative assessment of the Division of Student Affairs and Success and HSI Initiatives. |
Data analysts typically don’t need a certification or a mandatory license to practice their craft. However, organizations put a lot of value on professional certifications while hiring candidates. If one has completed a master’s in data analytics, pursuing one of the certifications relating to their field of work or a graduate certificate in data analytics would not be a bad idea. A few of them are listed below:
Certification | Description |
---|---|
Associate Certified Analytics Professional (ACAP) 16 | The Associate Certified Analytics Professional (aCAP) credential is an entry-level analytics certification showing education in analytics. However, the individual may not have practical experience yet. The certification focuses on the seven domains of the analytics process: business problem framing, analytics problem framing, data, methodology selection, model building, deployment, and lifecycle management. |
Certified Analytics Professional 17 | The Certified Analytics Professional (CAP) credential is a general analytics certification that certifies end-to-end understanding of the analytics process, from framing business and analytic problems to acquiring data, methodology, model building, deployment, and model lifecycle management. It requires completing the CAP exam and adhering to the CAP Code of Ethics. |
Cloudera Certified Associate (CCA) Data Analyst 18 | A SQL developer who earns the CCA Data Analyst certification demonstrates core analyst skills to load, transform, and model Hadoop data to define relationships and extract meaningful results from the raw output. It requires passing the CCA Data Analyst Exam (CCA159), a remote-proctored set of eight to 12 performance-based, hands-on tasks on a CDH 5 cluster. Candidates have 120 minutes to implement a technical solution for each task. |
Data Analyst Associate19 | The Data Analyst Associate certification is one of several role-based certifications that replace the Microsoft Certified Solutions Expert (MCSE): Data Management and Analytics certification that Microsoft retired in January 2023. This certificate demonstrates subject matter expertise in enabling businesses to leverage their data assets using Microsoft Power BI. |
Open Certified Data Scientist 20 | The Open CDS is an independent global certification that qualifies data scientists’ skills, knowledge, and experience. Open CDS requires candidates to demonstrate their skills and expertise against conformance requirements through written applications and peer interviews. It does not include training courses, and there are no written exams. |
Post a master’s in data analytics online, data analytics professionals can further their careers and remain relevant in this fast-paced industry by becoming members and hence accrediting themselves with a professional organization in the field of data analytics. Apart from being a body that assists in developing and distributing knowledge, professional data science associations keep their members informed about the newest developments and innovations. Here are a few of such organizations:
Professional Organization | Description |
---|---|
Association of Data Scientists (ADaSci) | The Association of Data Scientists (ADaSci) is the leading global body of data science and machine learning professionals. Association of Data Scientists (ADaSci) serves the scientific and professional demands of data science among professionals, including scientists, students, educators, analysts, managers, and consultants. |
The American Statistical Association | The American Statistical Association is the world’s biggest community of statisticians. It is the second oldest continuously running professional association in the US and was created in Boston in 1839. Its members work in corporate, government, and academia in more than 90 countries, advancing research and developing quality data and statistical work to inform public policy. |
The Data Science Council of America (DASCA) | The Data Science Council of America (DASCA) is a global independent, third-party association for credentialing Big Data professionals. The Data Science Council of America (DASCA) has developed platform-independent Data Science knowledge frameworks, standards, and credentials. It certifies people starting or working across a range of emerging Data Science professions. |
The Institute for Operations Research and the Management Sciences | The Institute for Operations Research and the Management Sciences (INFORMS) is a worldwide society for practitioners in operations research (OR), management science, and analytics and was established in 1995. |
Data analytics is the process of examining and interpreting data to uncover valuable insights. It employs statistical methods and advanced tools to analyze patterns, trends, and correlations, facilitating informed decision-making in business, healthcare, and research domains.
Southern New Hampshire University
Federally recognized accreditors
AACSB Accredited International
Alison- Introduction to Data Analytics with Python
Class Central- Introduction to Transforming with Data Analytics and the Digital Organization
Udemy- Descriptive Statistics with Excel for Data Analytics
ACM SIGHPC/Intel Computational & Data Science Fellowship
U.S. Bureau of Labor Statistics: Occupational Outlook for Information Security Analyst
U.S. Bureau of Labor Statistics: Occupational Outlook for Market Research/Research Data Analyst
Glassdoor- Equity Research Data Analyst
Associate Certified Analytics Professional (ACAP)
Certified Analytics Professional