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- Who can pursue MS in Business Analytics?
Who can pursue MS in Business Analytics?
Huge sets of data are being constantly generated by businesses today. Business analytics means investigating past business performance to determine which datasets are useful and leveraging them to improve processes; increase business efficiency, productivity, and revenues. Business Analytics employs a blend of quantitative analysis and mathematical modeling, programming languages and software proficiency, and an understanding of how businesses work to drive business planning. This helps to recognize patterns in past events, develop models, create predictions for future events, and recommend actions to maximize ideal outcomes. Statistics, information systems, operations research can be utilized to expand understanding of complex data sets.
Emerging experiences show that the best business analysts are not necessarily from IT or Computer Science, but from diverse backgrounds of management, operations and related fields. That is because besides proficiency in statistical techniques, programming, data management and data visualization; business analytics requires lateral thinking, inquisitiveness, analytical and problem solving ability, people and presentation skills, communication, business acumen and understanding of objectives to successfully discover, analyze and apply insights to businesses. Students must have a strong background in quantitative subjects or have proficiency in R and/or Python
Artificial Intelligence & Deep Learning
Multivariate Data Analysis
Optimization
Business Analytics and Intelligence
Business Forecasting
Social Entrepreneurship
Supply Chain Analytics
Marketing Analytics
Business Analytics is being used in practically every industry particularly Banking & Financial Services, E-commerce and Retailing. Proliferation of consumer and business data, generated by use of mobile technology, computing, sensors and other devices have led to explosion in this field.
Certain number of academic credits are needed to qualify in every programme. Each semester awards a certain amount of credits. Credits are different in USA when compared to the credit systems used in any other country. The number of academic credits a programme has may determine tuition fees. Overall credits needed = number of semesters to study x credits per semester. A course is typically worth three to five credits. A full-time program at most schools is 12 or 15 credit hours (four or five courses per term) and a certain number of credits must be fulfilled in order to graduate. International students are expected to enroll in a full-time program during each term. For an undergraduate degree, basic courses may have 1 credit or 2 credits. In a Master's degree, including for MBAs, most courses are either 3 or 4 credits. Normal full-time degrees require 15 credit hours per semester, so 30 credit hours per year. A standard full-time study load is usually 30 credit hours per year.
Potential careers in this field include
Business Analyst
Data Analyst
Market Research Analyst
Operations Research Analyst
Business Intelligence Analyst
A Business Analyst role involves data visualization and statistical model building to clarify interactions of multiple variables to make projections about future developments and conditions. A Financial Analyst helps assess risk, create pricing models, and generate profits. Market Research Analysts study market conditions to understand the potential of a new product, research and forecast of market trends, identify target markets and the company’s position in the marketplace. Business Intelligence Analysts present a clear picture of the business standing, its strengths and weaknesses to guide decisions by management for higher profitability.
MIT
UCLA Anderson
Imperial College, London
Univ of Texas - McCombs School of Business.
SMU, Singapore
Purdue University
Arizona state University
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