The study of analyzing a company’s available data to evaluate its performance as it stands and make recommendations on how to make it more viable in the long run is known as business analytics. Understanding business analytics tools and procedures can help ensure a high success rate for any organization in today’s fiercely competitive world. One of the best new STEM programs to study in USA is the Master in Business Analytics, which offers graduates plenty of research and employment chances.
Why study Master in Business Administration
An advanced degree that offers both academic and practical instruction in business or investment management is the Master in Business Administration (MBA). The goal of an MBA is to provide graduates with a deeper comprehension of business management functions.
This graduate degree in business is concentrated in entrepreneurship, business, and management.
In addition, the students might concentrate on other business-related topics like risk management or finance.
Specialized programs in sports management, entertainment business, or healthcare management are being offered by several schools.
Masters in Business Analytics USA
The goal of the Masters in Business Analytics program, sometimes referred to as the MBA or MBA, is to give students the knowledge and abilities needed to use contemporary data science and machine learning techniques to address practical business issues. Coursework in specialized fields like data mining, statistical modeling, forecasting, and data visualization is part of the masters in business analytics syllabus.
The Masters in Business Analytics in USA syllabus primarily focuses on three key areas:
Statistics
Data Management
Analytical Methodologies
An estimated USD 50,400 per year is the tuition for a US university offering a Masters in Business Analytics. However, the university selected for the program may have an impact on this cost.
In the USA, certain colleges offer master’s degrees in business analytics without requiring a GRE. Among them are Montclair State University and Adelphi University. A few additional universities provide master’s programs in data analytics without requiring the GRE or GMAT as a prerequisite for enrollment.
The MS in data analytics program at New York University does not have minimal cut-off scores for standardized tests as one of its prerequisites. For the TOEFL, the acceptable band score is 100, however, for the IELTS, it is 7.0.
The MA in data analytics program at Stevens Institute of Technology requires applicants to have completed their bachelor’s degree program with a minimum GPA of 3.0 from a recognized and approved university and here it is possible to study masters in business analytics in USA without a GRE.
There is a master’s in business analytics in USA without a GRE by the University of Chicago. The GRE is not a prerequisite for admission. However, if you believe that your scores will strengthen your application, feel free to share them.
Top 10 universities for masters in business analytics
Selecting the university that meets your expectations is the first step towards realizing your desire to pursue an MS in Business Analytics at a US university. See the top 10 MS programs offered by universities according to the QS Business Master’s Rankings 2023 for Business Analytics and it is still relevant.
Name of the
University
QS World University Rankings
2023 (by subject)
THE World University
Rankings 2023
Harvard University
1
2
Stanford University
4
3
Massachusetts Institute of Technology (MIT)
5
5
University of Pennsylvania
7
14
University of California, Berkeley (UCB)
12
8
Northwestern University
16
26
New York University
18
24
University of Chicago
19
13
Columbia University
22
11
University of Michigan-Ann Arbor
27
23
Thus both the MSBA and the MBA in Business Analytics curricula are basically comparable, and each has advantages. To choose which curriculum best suits you, carefully consider your alternatives. Assess which is more important for future professional development: managerial acumen or specialized knowledge in business analytics. Additionally, an MBA is not a STEM course; an MS in Business Analytics is.