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Online MBA Business Analytics
Introduction
Online MBA Business Analytics
Best Programs
Online MBA Business Analytics
Affordable Programs
Online MBA Business Analytics
Program Details
No GRE Online MBA Business Analytics
No GMAT Programs
Online MBA Business Analytics
1 Year Programs
Online MBA Business Analytics
MBA or MS Analytics
How To Pay
How to Pay?
FAQ of Online MBA Business Analytics
FAQ
Career in Online MBA Business Analytics
Careers & Salaries
license
Licensing
Online MBA Business Analytics
Additional Resources

Online MBA Business Analytics

Online MBA Business Analytics

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.

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Best Online MBA Business Analytics Programs

MBA Business Analytics Best Seal

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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College Name & Address Tuition Graduation Rate
#1
University of North Carolina, Chapel Hill
103 South Bldg Cb 9100, Chapel Hill, North Carolina 27599
$10,552 91%
#2
Villanova University
800 Lancaster Avenue, Villanova, Pennsylvania 19085
$20,619 90%
#3
University of Maryland
College Park, Maryland 20742
$13,158 87%
#4
University of Illinois
601 E John Street, Champaign, Illinois 61820
$15,016 85%
#5
University of Massachusetts
374 Whitmore Building 181 Presidents Drive, Amherst, Massachusetts 01003
$14,014 82%
#6
University of Dayton
300 College Park, Dayton, Ohio 45469
$17,730 82%
#7
Pepperdine University
24255 Pacific Coast Hwy, Malibu, California 90263
$36,200 86%
#8
Syracuse University
900 South Crouse Ave., Syracuse, New York 13244
$40,392 83%
#9
University of Delaware
104 Hullihen Hall, Newark, Delaware 19716
$34,164 81%
#10
Indiana University
107 South Indiana Ave., Bloomington, Indiana 47405
$9,786 79%
#11
University of South Florida
4202 East Fowler Ave, Tampa, Florida 33620
$8,350 75%
#12
University of North Carolina, Wilmington
601 South College Road, Wilmington, North Carolina 28403
$4,719 72%
#13
The University of Texas
800 West Campbell Road, Richardson, Texas 75080
$14,560 70%
#14
The Pennsylvania State University
201 Old Main, University Park, Pennsylvania 16802
$22,464 71%
#15
American University
4400 Massachusetts Ave NW, Washington, District of Columbia 20016
$34,533 79%
#16
University of Nebraska, Lincoln
1400 R Street, Lincoln, Nebraska 68588
$6,138 66%
#17
Milwaukee School of Engineering
1025 N Broadway, Milwaukee, Wisconsin 53202
$23,355 65%
#18
Central Michigan University
106 Warriner Hall, Mount Pleasant, Michigan 48859
$14,223 61%
#19
University of North Dakota
264 Centennial Drive, Stop 8193, Grand Forks, North Dakota 58202
$11,060 61%
#20
University of North Carolina, Greensboro
1400 Spring Garden St, Greensboro, North Carolina 27402
$5,219 59%

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

Most Affordable Online MBA Business Analytics Programs

MBA Business Analytics Affordable Seal

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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College Name & Address Tuition Graduation Rate
#1
University of North Carolina, Pembroke
One University Drive, Pembroke, North Carolina 28372
$4,280 41%
#2
University of North Carolina, Wilmington
601 South College Road, Wilmington, North Carolina 28403
$4,719 72%
#3
United States University
7675 Mission Valley Road, San Diego, California 92108
$5,200 N/A
#4
University of North Carolina, Greensboro
1400 Spring Garden St, Greensboro, North Carolina 27402
$5,219 59%
#5
Arkansas Tech University
Administration Bldg 200, 1509 N Boulder Ave, Russellville, Arkansas 72801
$5,256 38%
#6
University of South Dakota
414 E Clark St, Vermillion, South Dakota 57069
$6,062 59%
#7
American Public University
111 W Congress St, Charles Town, West Virginia 25414
$6,660 40%
#8
University of West Florida
11000 University Parkway, Pensacola, Florida 32514
$7,088 46%
#9
Southern Illinois University
Il State Rte 157, Edwardsville, Illinois 62026
$7,127 51%
#10
Frostburg State University
101 Braddock Road, Frostburg, Maryland 21532
$7,866 49%
#11
Murray State University
218 Wells Hall, Murray, Kentucky 42071
$7,981 55%
#12
Wilmington University
320 Dupont Hwy, New Castle, Delaware 19720
$8,784 21%
#13
Cedarville University
251 N. Main Street, Cedarville, Ohio 45314
$9,065 75%
#14
Ohio University
020 Chubb Hall, Athens, Ohio 45701
$9,444 65%
#15
Iowa State University
1750 Beardshear Hall, Ames, Iowa 50011
$9,758 74%
#16
Indiana University
107 South Indiana Ave., Bloomington, Indiana 47405
$9,786 79%
#17
Grand Canyon University
3300 W Camelback Rd, Phoenix, Arizona 85017
$10,528 41%
#18
Clemson University
201 Sikes Hall, Clemson, South Carolina 29634
$10,600 84%
#19
University of North Dakota
264 Centennial Drive, Stop 8193, Grand Forks, North Dakota 58202
$11,060 61%
#20
University of Maryland
College Park, Maryland 20742
$13,158 87%

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

Understanding MBA in Business Analytics Programs

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.

MBA in Business Analytics Degree Types

In a nutshell, an online MBA Business Analytics is a concentration of a Master’s in Business Administration (MBA). It is similar to other MBA concentrations, such as Entrepreneurship, Finance, Healthcare Management, Human Resources, International Business, Marketing, Nonprofit Management, Project Management, Supply Chain Management, etc.

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:

  • MBA in Data Analytics
  • MBA in Data Science
  • MBA in Business Intelligence and Analytics
  • MBA Statistics Concentration
  • Online MBA Marketing Analytics
  • MBA in Research and Business Analytics
  • Engineering Leadership and Innovation Management
  • Business Sustainability Strategy
  • Human Resource Management
  • Project Management
  • Management Consulting
  • Marketing Analytics
  • Corporate Innovation and Entrepreneurship
  • Health Care Management
  • Accounting Foundations
  • Public Administration
  • Cybersecurity Intelligence Leadership
  • General Management
  • Taxation
  • Advanced Accounting
  • Business Architecture
  • Strategic Leadership
  • Supply Chain Management
  • Community And Economic Development
  • Finance
  • Financial Engineering
  • Data Forensics

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:

Business-related:

  • Applying Analytics Across Business Functions
  • Economics
  • Corporate Finance
  • Managing Information Systems in a Global Economy
  • Managerial Accounting: A Management Perspective
  • Managing and Leading Individuals and Groups in Organizations
  • Information Analysis and Management
  • Strategic Management
  • Data Management, Artificial Intelligence, and Digital Marketing
  • Descriptive Analytics
  • Business Intelligence
  • Marketing-based Management
  • Business Intelligence
  • Digital Marketing
  • Business Law
  • 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
  • Operations Management

Technically oriented:

  • Data Modeling and Predictive Analysis
  • Communicating with Data
  • Introduction to Business Analytics
  • Analytical Methods for Data Mining
  • Prescriptive Analytics
  • Predictive Analytics
  • Programming for Analytics
  • Data Visualization
  • Analytics Leadership and Strategy
  • Database Concepts
  • Data Mining and Predictive Analysis
  • Database Design and Implementation
  • Decision Analytics and Visualization
  • Data Mining for Business Analytics
  • Python Programming
  • 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
  • use analytics to improve profitability and competitiveness, minimize risk, and maximize profits across key functional areas in business such as finance, marketing, supply chain management, human resources, and project management.


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:

  1. Programmatic:
  2. Regional:

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 Professional Résumé.
  • A Letter of Intent or Personal Statement
  • At least 2 Letters of Recommendation.
  • 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.

For example, the University of North Carolina Wilmington requires a GMAT score above 500 or an equivalent GRE score, which is waived if the candidate has:

  • 5+ years of managerial work experience.
  • An undergraduate Grade Point Average (GPA) of 3.2 or higher.
  • Completed an advanced degree (graduate level or above) that included some quantitative coursework.

Another example is William Paterson University, which also offers a GMAT/GRE waiver for its MBA programs.

1-Year Online MBA Business Analytics Programs

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 AnalyticsMaster of Science (MS) Business Analytics
Provides students with skills to manage businesses and make data-driven decisionsProvides students with skills and experience required to use analytic tools
Prepares business professionals to lead and manage data analytics projectsPrepares students for technical careers in data science and data intelligence
Focuses more on business administration, with Business Analytics as a concentrationFocuses more on software engineering and predictive modeling that can assist businesses
Coursework is oriented around the general application of data analytics that improves business outcomesCoursework 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:

Online MBA Business Analytics

Scholarships

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.

Online MBA Business Analytics

Grants

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.

Online MBA Business Analytics

Employer Sponsorship

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.

Online MBA Business Analytics

Student Loans

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.

Online MBA Business Analytics

Payment Plans

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.

Online MBA Business Analytics

FAFSA

Students can apply for FAFSA or Free Application for Federal Student Aid to see if they are eligible for financial aid across a chosen university set. A complete guide to FAFSA is available here.

FAQs about MBA Business Analytics Programs

Q: What are MBA Analytics and Decision Science?
A: 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.
Q: Why MBA in Business Analytics?
A: 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.
Q: How hard is Business Analytics MBA?
A: 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.
Q: What can I do with an MBA in Business Analytics?
A: 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:

  • Management Analysts
  • Financial Analysts
  • Data Analysts
  • Cost Estimators
  • Operations Research Analysts
  • Market Research Analyst
  • Economists
  • Survey Researchers
  • Operations Analyst
  • Business Intelligence Analyst
  • Financial Managers

According to ‘glassdoor’, the national average salary for an MBA Business Analyst is $79,294 in the United States, with opportunities in top companies like Dell, Amazon, Google, Cisco, Visa, Cummins, and Apple name a few. In addition, the US Bureau of Labor Statistics (BLS) reports that Management Analysts earn a median annual pay of $87,660, with jobs growing by 11% between 2019 and 2019 (much faster than average). Here are a few more examples of jobs and their median annual salaries, according to the BLS:

  1. Operations Research Analyst: $86,200
  2. Market Research Analyst: $65,810
  3. Cost Estimator: $66,610
  4. Financial Manager: $134,180
  5. Economist: $108,350

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 2021” 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:

IIBA Certified Business Analysis Professional by the International Institute of Business Analysis (IIBA)

IQBBA Certified Foundation Level Business Analyst by the International Qualifications Board for Business Analysts (IQBBA)

PMI Professional in Business Analysis by the Project Management Institute (PMI)

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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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