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Today’s business has transitioned to a digital world driven by information and data at our fingertips. Therefore, it has become very important for business executives and leaders to access such data, analyze it, and effectively utilize it to improve business outcomes. Understanding and interpreting data is important for making key strategic business decisions and using data as a competitive advantage. Professional analysts must collect, process, and interpret data to enhance corporate decision-making, even though computers can do some of the work associated with big data.
The Online MBA Business Analytics specialization is designed for potential managers, senior managers, and business executives who want to gain a comprehensive understanding of Business Analytics, including data science, data analytics, and business decision-making backed by data and analytics.
www.onlinemasterscolleges.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 is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. 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, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.
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®.
To qualify as one among the best colleges that offer an online MBA Business Analytics, several aspects need to be assessed and factored in as well, such as the duration and structure of the program, the faculty’s experience and quality of teaching, the infrastructure of the college, student services, accreditation, and affordability. Considering all of these and more, here are some of the MBA in Business Analytics best colleges:
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Even though many working professionals can afford or at least partly afford to pay for an online MBA in Business Analytics through their salaries, the cost of Master’s programs such as this is expensive. But finding a cheaper MBA program should not come at the expense of quality, accreditation, and overall credibility of the program. Here are a few affordable online MBA Business Analytics programs that do not compromise on those aspects:
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A typical MBA in Business Analytics program involves the collection of data and its interpretation. The program emphasizes data collection, data management, data analysis, and statistical research for businesses to gain a competitive edge over their rivals, improve customer loyalty and engagement, and increase their presence and influence in the market.
The study of Business Analytics relies heavily on algorithms and techniques derived from statistics and machine learning, prescriptive analytics, modeling techniques, and programming and application development to optimize, simulate and assist in decision making. Further emphasis is given to the integration of applications with business operations and analyzing, forecasting, and using data to solve business problems. Graduates are trained to make data-driven decisions by working with different analytical tools and data sets.
MBA in Business Analytics programs can be synchronous, asynchronous, or hybrid in their delivery and instruction, which determine or influence the duration of the program.
As for Business Analytics, there is also the Master of Science or MS in Business Analytics, which is a compelling alternative to its MBA counterpart. In addition, there are also alternatives in related subjects of Business Analytics, such as Master’s in Data Analytics and Master’s in Data Science, that students can explore before applying to an MBA in Business Analytics online program.
By and large, the MBA degree imparts the fundamentals of business and business administration, and the concentration in Business Analytics builds upon that with data management, modeling techniques, programming, data analysis, data science, and a whole lot more.
Specializations in MBA in Business Analytics Programs
Specializations can help online MBA Business Analytics programs develop tightly focused, career-ready skills that fulfill personal and professional goals. In addition, they offer a level of depth in a particular area of Business Analytics that would otherwise not be attained through regular coursework. Here are a few concentrations and specialization for students to choose from:
Note: Specializations and concentrations listed here are coursework that can be taken up in addition to basic coursework that a Business Analytics program offers. However, many of these specializations are also independent MBA or other Master’s programs.
Curriculum and Skills Gained in Online MBA Business Analytics Programs
An MBA program, like other graduate-level business programs, provides students with a solid base in core subjects. However, the online MBA Business Analytics program goes a step further. It prepares students for lucrative careers in analyzing, interpreting, forecasting, and leveraging big data to drive business growth and solve real-world business problems. The curricula of Business Analytics MBA are largely split into two distinct sections – business and technical – and usually consist of the following courses:
Applying Analytics Across Business Functions
Managing Information Systems in a Global Economy
Managerial Accounting: A Management Perspective
Managing and Leading Individuals and Groups in Organizations
Information Analysis and Management
Data Management, Artificial Intelligence, and Digital Marketing
Data Analysis for Managers
Global Business and Sustainability
Global Economic Environment
Social Media and Web Analytics
Probability and Statistics
Financial Analysis and Risk Management
Search Engine Marketing and Optimization
Communicating with Data
Managing Digital Businesses and Platforms
Business Data Modelling and Predictive Analysis
Strategic Management: Integrative Experience
Data Modeling and Predictive Analysis
Communicating with Data
Introduction to Business Analytics
Analytical Methods for Data Mining
Programming for Analytics
Analytics Leadership and Strategy
Data Mining and Predictive Analysis
Database Design and Implementation
Decision Analytics and Visualization
Data Mining for Business Analytics
Linear Algebra for Business Analytics
Leveraging the knowledge and skills they would have picked by the end of an MBA in Business Analytics, and graduates would be primed to:
build a taxonomy of problem-solving techniques based on the types and quantum of data and the essence of the business decision-making context;
develop data strategies for businesses and utilize data in organizational decision making;
understand and effectively use state-of-the-art data science and data analytics techniques that are contextual to business and its functions;
devise reliable ways to collect, analyze, interpret, and visualize data;
detect accounting fraud, develop marketing and pricing strategies, and optimize supply chain operations using analytical tools used for complex and big data;
effectively use different analytical tools and data sets, and mine data;
understand data modeling and predictive analytics in greater detail; and
Accreditation for Online MBA Business Analytics Programs
Accreditation is granted to colleges or programs that continuously meet certain established quality standards in academics, faculty qualifications, and student services. Online MBA Business Analytics programs that are accredited ensure students and employers that the knowledge and skills gained from such programs are credible and valuable. In addition, third-party organizations provide accreditation, either programmatically or regionally, some examples of which are:
Students must always consider accredited programs or colleges when applying for an MBA in Business Analytics. More information on accreditation can be found in the Accreditation Guide.
Timeline for graduation from Online MBA Business Analytics Programs
Typically, an online MBA in Business Analytics takes anywhere between 16 and 24 months to complete. But part-time students and working professionals can tailor their programs and complete them within up to 5 years. In addition, a program often includes a capstone project that requires additional time and research, which may lengthen the duration.
Online MBA Business Analytics Programs Admission Requirements
The most basic MBA in Business Analytics eligibility criterion is the requirement for a candidate to hold a Bachelor’s Degree from a regionally accredited college or university in the United States. Additional criteria may vary by college and program (students are advised to check with the college and/or program guide) but are largely the same, such as:
An Application Form and the Requisite Application Fee.
A cumulative Grade Point Average (GPA) of 3.0 or better in undergraduate work.
A minimum of 2 Years of Professional Work Experience
Important Points to Note:
(a) Applicants with a GPA below 3.0 must demonstrate professional experience/advancement that highlights progression since graduation and show how they will contribute to the MBA program. However, not all schools require a GPA of 3.0; some make do with 2.7 but against certain other conditions.
(b) Candidates must have prior education in economics, accounting, statistics, and finance, failing which they are suggested to take these up as prerequisite courses.
Online MBA Business Analytics No GMAT Programs
It is not uncommon for students to look for online MBA Business Analytics No GMAT programs. Unfortunately for them, most schools require a GMAT or GRE test score to be submitted along with their application, although some of these schools do offer a waiver under certain conditions.
Most MBA Business Analytics programs take anywhere from 16 months to 24 months to complete on average. But a few Universities offer one-year MBA Business Analytics programs that can take as little as 12 months to finish as full-time students. That said, students should note that these programs can be rigorous and taxing and are also generally available only to those who have substantial prior work experience. The University of North Carolina Wilmington is one such institution that offers a 1-year MBA in Business Analytics.
MBA or MS Analytics
In addition to an MBA (Master of Business Administration) specializing in Business Analytics, the MS (Master of Science) in Business Analytics is an equally popular choice with some students. Although both the MBA and MS degrees provide advanced education in analytics, they lead to slightly different career paths.
The question thus presents itself – MBA or MS Analytics? The answer is illustrated in the table below:
Master of Business Administration (MBA) Business Analytics
Master of Science (MS)Business Analytics
Provides students with skills to manage businesses and make data-driven decisions
Provides students with skills and experience required to use analytic tools
Prepares business professionals to lead and manage data analytics projects
Prepares students for technical careers in data science and data intelligence
Focuses more on business administration, with Business Analytics as a concentration
Focuses more on software engineering and predictive modeling that can assist businesses
Coursework is oriented around the general application of data analytics that improves business outcomes
Coursework is oriented about programming, database setup and management, and analytics for strategic outcomes
How to Pay for Online MBA Business Analytics Programs
With every passing year, the cost of Master’s programs keeps increasing, putting pressure on students and parents to find other or alternative funding sources. The cost of a good online MBA Business Analytics program can add up to several thousand dollars. Therefore, students should explore and consider some of the following funding mechanisms from the many out there:
Scholarships are typically awarded to students based on their academic achievements. They are offered by corporations, families, small businesses, and non-profit, cultural, or religious organizations to students who meet their particular eligibility requirements. Scholarships can also be awarded based on various factors other than academics, such as creativity, athletic ability, musical talent, etc. Students can also look for Disability Scholarships, African American Scholarships, Scholarships for Women, and other such scholarships that cater to certain sections of society. With many Scholarship Scams surfacing on the internet, students should be careful while finding and applying for scholarships.
Grants are usually available to low-income students and help them with covering their tuition fees, along with other educational and student-related expenditures, such as accommodation, transport, books, etc. In almost all cases, grants are awarded solely based on financial needs.
Many companies allow their employees to work and study simultaneously and offer to pay for advanced education under certain conditions. And since MBA programs prefer that their students have prior work experience, working professionals applying to such programs should check with their employers for internal schemes they may have for encouraging and funding education.
Students can borrow money from the federal government, banks, or financial corporations, to pay for their tuition. However, loans are expected to be repaid and interest, but defaulting on repayments can lead to high student debt.
Some colleges divide the tuition fee into equated or incremental payments, allowing students to pay for their tuition over a longer period rather than as a lump sum at the beginning of the term.
The best Financial Guide provides fuller information on the various ways students can fund their MBA in Business Analytics.
FAQs about MBA Business Analytics Programs
Frequently Asked Questions
What are MBA Analytics and Decision Science?
An MBA in Analytics and Data Science primarily teaches students how to find insights from big data collected and collated, along with the use of Decision Science, which is essentially the use of data as a tool, to make informed, strategic decisions and solve complex business problems from a business-first perspective.
Why MBA in Business Analytics?
In a nutshell, a Business Analyst is wont to collect, process, and analyze big data that can influence business and its outcomes. Most businesses require data to be broken down and interpreted well enough to make informed business decisions. Therefore, an MBA in Business Analytics will prove to be of immense value to business executives and leaders and help them catapult their businesses or seek lucrative careers in other business organizations.
How hard is Business Analytics MBA?
Any individual with a keen analytical mind and a flair for business, mathematics, statistics, and computer science is best suited to take up a Business Analytics MBA. With dedication and adequate study, most courses in this program are easy to comprehend and Master. But having said that, difficulty levels depend solely on the student’s academic capabilities, diligence, and hard work.
What can I do with an MBA in Business Analytics?
An MBA in Business Analytics prepares graduates for roles in brand management, market research, and data science. Careers in this industry include business intelligence analysts, business systems analysts, financial analysts, and marketing analysts, among others.
Careers and Salary Outlook for MBA in Business Analytics Graduates
By the use of knowledge and skills acquired through an online MBA Business Analytics program, such as predictive analysis, econometrics, data mining, marketing intelligence, data visualization, etc., graduates of the degree can seek several roles in a variety of settings, including Financial Engineering, Market Research, Management Consulting, Risk Management, and Data Analytics. Job roles include but are not limited to:
The outlook for the Business Analytics job market looks very promising too. A news report from the Globe Newswire states that tech companies see a 41% increase in demand for Business Intelligence. The report also highlights that more than 39% of respondents of the “Trends in Software Development and Analytics 2023” survey said they increased their investment in data analytics tools and technology and that 41% saw an increase in customer requests for access to data and analytics.
Certifications and Licensing for MBA in Business Analytics Graduates
Although an online MBA Business Analytics graduate is sufficient to seek lucrative careers in various professional settings, certifications by third-party organizations add extra credentials to better one’s prospects. Certifications also acknowledge and endorse the level and depth of a graduate’s knowledge and skills, thereby adding value to a Professional Résumé and making it easier to stand out from the crowd of jobseekers. A few examples of certifications include:
As for licensure, there are no special licensing requirements for jobs in Business Analytics, although some in the medical or scientific fields, or the government, may require a specialized certification and training.
Additional Resources for MBA in Business Analytics Professionals
As we know it today, the business world is shrinking in that it has blurred geographical borders and made almost every part of the globe accessible through information and technology. Therefore, online MBA Business Analytics graduates and those working in the field of Business Analytics need to advance their knowledge and network with other Analysts worldwide. Doing so will open their minds to many possibilities, insights, and solutions to complex problems. A few resources that help with this are:
International Institute of Business Analysis (IIBA) When it comes to in-depth tools for Business Analysis, the International Institute of Business Analysis (IIBA) is worth its weight in gold. IIBA is a one-stop destination for analytics enthusiasts, offering everything from certifications to activities and career opportunities.
BA Times BA Times is a wealth of information for Business Analysts. It features blogs, white papers, workshops, and webinars, as well as useful templates and newsletters to stay informed.
Modern Analyst Modern Analyst is a portal for businesses and data analysts. It offers books, templates, training programs, directory listings, articles, etc., along with information on careers and webinars. The site also offers networking opportunities and a forum to discuss issues in Business Analytics.
Fubon Center for Technology, Business, and Innovation The ‘Fubon Center for Technology, Business, and Innovation’ fosters cross-disciplinary collaboration among its established areas of expertise that include data analytics, financial technology, software, and artificial intelligence.
Domo Domo specializes in data integration, business intelligence and analytics, and intelligent apps. The site hosts a vast resource library, complete with articles, reports, guides, webinars, videos, and more, along with its commercial products and solutions.
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