MS in Business Analytics in USA
The MS in Business Analytics in USA is a popular postgraduate degree, offering a pathway to various high-paying careers in fields like finance, technology, healthcare, and consulting. This specialised master’s degree emphasises quantitative skills and typically requires applicants to have completed advanced maths courses, such as calculus, during their undergraduate studies.
Graduates of MS in Business Analytics programs often secure lucrative jobs with average salaries exceeding USD 90,000.
- Overview of MS In Business Analytics
- Best Universities For in Business Analytics in USA
- Curriculum For Master’s in Business Analytics in USA
- Career Opportunities After MS in Business Analytics
- Top Recruiters After Master’s in Business Analytics in USA
- Eligibility Criteria For MS in Business Analytics in USA
- Scholarships For Master’s in Business Analytics in USA
- GMAT/ GRE Requirements for Studying an MSBA in USA
- Key Takeaways By AdmitX
- FAQs
Overview of MS In Business Analytics
| Criteria | Description |
|---|---|
| Duration | 10-24 months |
| Curriculum | Advanced analytics, statistical modelling, machine learning, and business applications |
| Prior Work Experience | 0-2 years |
| Average Fees | USD 30,000 to USD 70,000 (INR 25 lakh-59 lakh) |
| Average Salary | USD 70,000 to USD 1,20,000 (INR 25 lakh-1 cr) |
Best Universities For in Business Analytics in USA
| University | Course | Duration | Tuition Fees |
|---|---|---|---|
| MIT Sloan School Management | MBAn | 12 months | USD 91,250 |
| University of Texas at Austin | MSBA | 10 months | USD 55,500 |
| University of Michigan | MS in Business Analytics | 12 months | USD 66,625 |
| USC Marshall School of Business | MSBA | 16 months | USD 79,893 |
| Columbia University | MSBA | 12 months | USD 88,632 |
| John Hopkins University | MSBA | 12 months | USD 88,000 |
Curriculum For Master’s in Business Analytics in USA
While each university offers a unique spin on the MSBA curriculum, the core subjects are generally consistent across the program in many universities. Here’s a breakdown of the typical coursework in an MS in Business Analytics in USA.
Core Courses:
- Statistical Methods and Probability
- Data Mining and Machine Learning
- Data Visualisation
- Database Management
- Big Data Analytics
- Business Intelligence
Specialised Courses (Electives):
- Predictive Analytics
- Financial Analytics
- Marketing Analytics
- Operations Analytics
- Healthcare Analytics
Career Opportunities After MS in Business Analytics
The job market for MS in Business Analytics graduates in the US is booming. As businesses increasingly rely on data to make strategic decisions, there’s a high demand for professionals with strong analytical skills.
Industries like finance, healthcare, e-commerce, consulting, technology, and manufacturing are all actively seeking talent with the ability to interpret and leverage data for competitive advantage.
| Job Post | Average Annual Salary |
|---|---|
| Data Scientist | $90,000 - $140,000 (INR 76 lakh- 1 cr) |
| Data Engineer | $80,000 - $130,000 (INR 67 lakh- 1 cr) |
| Business Analyst | $70,000 - $110,000 (INR 59 lakh-93 lakh) |
| Marketing Analyst | $60,000 - $100,000 (INR 50 lakh-84 lakh) |
| Supply Chain Analyst | $70,000 - $110,000 (INR 59 lakh-84 lakh) |
| Risk Analyst | $80,000 - $120,000 (INR 67 lakh-1 cr) |
| Predictive Modeller | $80,000 - $100,000 (INR 67 lakh-84 lakh) |
Top Recruiters After Master’s in Business Analytics in USA
The job market is filled with opportunities for MS in Business Analytics in USA. Top companies across various industries, including finance, healthcare, e-commerce, consulting, technology, and manufacturing, actively recruit these skilled professionals.
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Goldman Sachs
- JP Morgan Chase
- Morgan Stanley
- Pfizer
- Johnson & Johnson
- Merck
- Novartis
- Bristol Myers Squibb
- ExxonMobil
- Chevron
- Duke Energy
- NextEra Energy
Eligibility Criteria For MS in Business Analytics in USA
The MS in Business Analytics in USA is a specialised degree with stricter admission requirements than a general MBA.
| Eligibility Criteria | Description |
|---|---|
| Bachelor’s Degree | Applicants should have a strong quantitative background in fields like economics, maths, finance, science, or engineering. |
| Prerequisite Courses | Courses in Linear Algebra, Multivariable Calculus, Statistics, and Probability are often required. |
| Standardised Academic Tests | GRE or GMAT scores are often required. |
| English Proficiency Tests | TOEFL or IELTS scores are mandatory for non-native speakers |
| Statement of Purpose (SOP) | This document should express your interest in the program and demonstrate your readiness for it. |
| Work Experience | Relevant work or research experience in a quantitative discipline can strengthen an application. |
Scholarships For Master’s in Business Analytics in USA
Here is a list of scholarships for a MS in business analytics in USA provided by the government of India along with some scholarships provided by universities in the USA:
| Scholarship | Detail |
|---|---|
| Fulbright-Nehru Master’s Fellowships | Offers talented Indian students the chance to pursue Business Analytics studies at select US colleges and universities. |
| Launchpad Scholarship | Offers guaranteed scholarship upto Rs. 2,00,000. |
| Boston University | Boston University offers various financial aid options, including scholarships and loans. International students may need a US citizen or permanent resident as a co-signer for certain loan options. |
| MIT | MIT Sloan offers fellowships and assistantships to admitted students based on their academic excellence and professional potential. These awards are automatically considered for all admitted students, with no separate application required. |
| Inlaks Shivdasani Foundation | Offers scholarships to young Indian students for full-time Master's, MPhil, or PhD programs at top global universities. |
GMAT/ GRE Requirements for Studying an MSBA in USA
When applying to an MS in Business Analytics in USA, universities often assess your quantitative abilities through standardised tests like the GRE or GMAT. The GMAT, with its quantitative focus, is particularly valued.
While many top universities, including UCLA, Boston University, UTD, and MIT, accept GRE scores, it’s important to note that specific score requirements can vary. For instance, UCLA typically expects a GRE Quantitative score of 167, while Boston University may accept a slightly lower score of 166.
However, it’s worth noting that some universities, like the University of Texas at Austin, offer flexible admissions and do not require the GMAT or GRE for their MSBA programs.
Key Takeaways By AdmitX
The US, a global hub for innovation and technology, offers a unique environment for MSBA students to learn from top professionals and interact with cutting-edge technologies. MSBA is often a STEM course, so students have the benefit of the 3 year OPT after they graduate.
Moreover, the US’s diverse industries, ranging from e-commerce and technology to healthcare and finance, offer a wide array of career opportunities for MSBA graduates. If you’re aspiring to study at a top US university, consider consulting with AdmitX to maximise your chances of admission.
FAQs
Which university is best for MSBA in the USA?
MIT Sloan, the University of Texas and the University of Michigan are some of the best universities for MSBA in the USA.
What is the average salary of MSBA in the USA?
The average salary after pursuing MSBA in the USA is around USD 70,000 to 1,20,000 (INR 59 Lakh- 1 cr).
Who is eligible for MSBA?
To be eligible for an MS in Business Analytics in the US, you typically need a bachelor’s degree with a strong quantitative background, GRE or GMAT scores (unless waived), English language proficiency, strong letters of recommendation, a compelling statement of purpose, and relevant work experience (optional).
Is GRE required for MS in Business Analytics?
No, the GRE is not strictly required for all MS in Business Analytics programs in the US. While it has traditionally been a common requirement, many top universities have started accepting applications without a GRE score, especially for applicants with strong academic backgrounds and relevant work experience.
How does the STEM designation of the MSBA program benefit international students in the US?
The STEM designation for MSBA programs in the US allows international students on F-1 visas to extend their Optional Practical Training (OPT) period to 36 months, providing them with more opportunities to gain practical experience and potentially secure employment in the US.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
