Business analytics involves the skills, technologies, and practices for examining and studying past business performance to gain insight and knowledge needed to drive business planning. It focuses on identifying principles and understanding business performances based on data collated and statistical methods. While business intelligence majorly focuses on using a consistent principle to measure past performances and guide business planning, business analytics, on the other hand, uses extensive analytical modeling and numerical analysis. This includes explanatory and predictable modeling and fact-based modeling to influence decision-making. Additionally, it is closely related to management science. Analytics may sometimes be used as input for human decisions or may drive fully automated decisions.
The US has lately become one of the choicest destinations for international students who want to study abroad. The reason is not far-fetched. According to QS ranking, the country houses many universities ranked as part of the best in the world including the current top best university in the world. According to Statista, the US had about 948,519 students studying in the 2021/22 session. This is higher than the previous year which had 914,095 international students enrolled. The country also provides world-class education, skill development, a multicultural environment, and lots more for international students.
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Studying MS in Business Analytics in the US
MS in Business analytics is regarded as a STEM course in the US. The module includes areas like Strategic Management, Information Systems Methods, Fundamentals of Project Management, Business Research Projects, Digital Twins and the Internet of Things, Business Intelligence, and Applied Systems Analysis.
Also, the duration for a master’s degree in business analytics spans two years and the average cost of study is between 20,000 USD to 27,000 USD. However, this price is subject to change and varies according to individual universities.
Advantages of Studying MS in Business Analytics in the US.
The emergence and adoption of technology today have given rise to many businesses. This in turn has given rise to the competitiveness and the complexities present in the business world. To make meaningful and helpful decisions, businesses now have to consider the results of analyzed data. As a result of this, there is a growing demand for professionals in this field and it is not surprising that international students are embracing it. As an international student seeking to pursue a degree in business analytics, below are the lists of things you stand to gain:
- Career Opportunity: The U.S. has both internship and job opportunities for business analytics graduates. According to the Bureau of Labour Statistics (BLS), the projected growth rate for business analytics jobs is 11% between 2021-2031.
- Wholesome learning experience: as stated earlier, the US houses some of the best universities in the world. This means that students who study here will gain in-depth knowledge and skills from top professionals in the industry. Also, the presence of vast companies makes it easy for students to get opportunities from such brands. Additionally, getting a degree from the US would look good on your CV.
- Opportunities to Work after Studies: because business analytics is a STEM course, international students can receive a 3-year post-study work permit after they have graduated from the University. This additionally adds to the experience they have gained in the four walls of the classroom as they will be presented with the opportunity to work for top companies, depending on how they can put in the work.
The eligibility requirement to study MS in Business Analytics in the US.
To study business analytics at a master’s level abroad, students must meet the requirements stated below. Additionally, it is important to note that the requirements stated below will vary according to the individual university criteria.
- Bachelor’s Degree: It is expected that they have an excellent GPA in a relevant field. The minimum score is 3.0-4.0 on the 4.0 grading scale. However, it might vary according to the individual university criteria.
- Standardized Tests: like the GRE and GMAT are important requirements needed to gain admission to a master’s program in the US. The minimum requirement is 300 but the score varies according to the university’s rules.
- English Proficiency Test: Since America is an English-speaking nation and business analytics is an English-taught score, students will all need to prove their English proficiency by taking exams like IELTS, TOEFL, and PTE. The minimum expected score is 6 or it’s equivalent in the other tests.
- Resume: applicants will also need an updated resume that has prior work experience. Your resume should also be properly written with no errors. Universities might not necessarily need a GRE test score if applicants have enough relevant experience in the given field.
Important documents needed to study MS in Business Analytics in the US.
In addition to the eligibility requirements, applicants should ensure that the following documents are saved to make the application easier. These documents include:
- Academic transcripts (10th, 12th, and Bachelor’s)
- Scores of entrance examinations like the GRE, GMAT, SAT, ACT, and others (if required by your preferred university).
- English proficiency test scores (like IELTS, TOEFL, or PTE)
- 2 LORs- Letter of recommendation (one from the previous educational institution and one from the workplace)
- A well-drafted SOP (Statement of Purpose)
- A valid passport (must be valid till your whole course duration)
- Updated CV
- Certificate of Work Experience
- Proof of funds
- Two passport-sized photographs
Best University for Master’s in Business Analytics in the U.S.
The United States currently has over 200 universities that offer a master’s degree in business analytics for international students. Additionally, some of these schools also offer scholarship opportunities for students who might be interested. Some of the top universities for Ms in business analytics are:
| University | QS World Ranking | Overall Score |
| Massachusetts Institute of Technology | 1 | 93.5 |
| University of California | 2 | 93.4 |
| McCombs School of Business | 8 | 79.8 |
| USC Marshall School of Business | 9 | 79.6 |
| Foster School of Business, University of Washington | 15 | 75.5 |
| Purdue University | 18 | 73.4 |
| Carlson School of Management | 21 | 70.5 |
| Eli Broad College of Business, Michigan State University | 22 | 68.6 |
| Texas A&M University | 25 | 67.1 |
| Questrom School of Business, Boston University | 27 | 66.7 |
| Wisconsin School of Business | 29 | 66.5 |
| University of California, San Diego | 32 | 63.5 |
| Arizona State University | 35 | 61.1 |
| University of California, Davis. | 37 | 60.9 |
Job opportunities available in Business Analytics
As one of the fastest-growing career fields, there are many opportunities available for graduates of MS in Business analytics in the United States. The US has many MNCs that are seeking to hire business analysts from top universities including Google, McKinsey, Uber, Walmart, Apple, PayPal, and others. Some excellent career options available to international students who studied MS in Business Analytics in the US include:
| Job Profile | The average annual salary in USD |
| Financial Analyst | 87,075 |
| Operations Research Analyst | 94,784 |
| Business Analyst | 94,684 |
| Business Management Analyst | 81,965 |
| Quantitative Analyst | 187,601 |
| Mathematician | 97,969 |
| Statistician | 85,561 |
| Management Analyst | 87,135 |
| Data Scientist | 152,268 |
| Business Consultant. | 110,654 |
Read also: Top 10 Easiest STEM Courses To Study In The US
Funding Opportunities that are available to aid in studying MS in Business analytics in the US.
Generally, funding opportunities available to aid studying abroad for international students include grants, scholarships, student loan options etc. Below is a list of available options:
Scholarship Options
- Domos scholarship program
- EDGE awards scholarships
- Mark Duda Scholarship Fund
- Dave Florence Fund
- Don Kuhn Memorial Fund
Also read: 9 Scholarships For IT Students Abroad 2024
Student loan options
- MPower Finance
- Prodigy Finance
- Ascent Funding
- Citizens Financial Group Inc.
- Quorum
Also read: Top International Student Loans For African Students
Get started with us today
Seeking to start a career in business analytics or any course in the STEM field? Enrolling in the top universities in the world can increase your chances with employers. Unfortunately, it can be quite expensive to study abroad due to the current economic crisis. But this shouldn’t limit you as there are other options you can explore to enhance your career.
MPower Finance and Prodigy Finance are some of the best student loan providers for international students. They also do not require any cosigner or collateral before application. At EdXtra Associates, we can help you with your loan application process. We also provide educational consultancy services for international students to help make your journey easier and faster. You can reach out to us, as we’ll love to guide you through this journey.
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Read also: 5 Countries To Study Data Analytics: Certs, Salary, Job Prospects
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