{"id":26058,"date":"2023-02-01T02:23:00","date_gmt":"2023-01-31T20:53:00","guid":{"rendered":"https:\/\/e-gmat.com\/blogs\/?p=26058"},"modified":"2023-04-17T13:27:36","modified_gmt":"2023-04-17T07:57:36","slug":"mba-business-analytics","status":"publish","type":"post","link":"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/","title":{"rendered":"What is MBA in Business Analytics? Is it a lucrative career option in 2023?"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">A <\/span> <span class=\"rt-time\">8<\/span> <span class=\"rt-label rt-postfix\">min read <\/span><\/span>\n<p>MBA Business Analytics or Master of Business Administration Business Analytics is generally a 2-year program. It is traditionally a Master of Business Administration (MBA) degree with a concentration in Business Analytics.<\/p>\n\n\n\n<p>Business analytics is the process of collecting, combining, sorting, processing, and using statistical models and methodologies to transform data into business insights. It helps in determining which dataset is useful and how it can be leveraged to solve problems and increase productivity, efficiency, and revenue.<\/p>\n\n\n\n<p>An MBA in Business Analytics will train you in both technical and management skills. At some of the <a href=\"https:\/\/e-gmat.com\/blogs\/best-analytics-mba-programs\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Top MBA colleges for business analytics<\/a>, students learn topics like \u2013 Data Mining, Decision Models, Visualization, data acquisition and preparation, and Customer analytics.<\/p>\n\n\n\n<p>After completing your MBA Business Analytics degree, you can apply to jobs like business analyst, data analyst, data engineer, predictive modeler, risk management analyst etc.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img loading=\"lazy\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/10\/mba-in-business-analytics-300x200.png\" alt=\"MBA in Business Analytics\" class=\"wp-image-32128\" width=\"362\" height=\"241\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/10\/mba-in-business-analytics-300x200.png 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/10\/mba-in-business-analytics-1024x683.png 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/10\/mba-in-business-analytics-768x512.png 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/10\/mba-in-business-analytics.png 1200w\" sizes=\"(max-width: 362px) 100vw, 362px\" \/><\/figure>\n\n\n\n<p>This article talks about why you should pursue an MBA in business analytics, its career options, and its salary outcome. We also rank the top MBA Colleges in Business analytics and highlight their unique offerings.&nbsp;<\/p>\n\n\n\n<p>Here&#8217;s the outline of the article:<\/p>\n\n\n<div class=\"ub_table-of-contents\" data-showtext=\"show\" data-hidetext=\"hide\" data-scrolltype=\"auto\" id=\"ub_table-of-contents-056279a2-fbee-425d-af7a-79e5dfee43e4\" data-initiallyhideonmobile=\"false\"\n                    data-initiallyshow=\"true\"><div class=\"ub_table-of-contents-header-container\"><div class=\"ub_table-of-contents-header\">\n                    <div class=\"ub_table-of-contents-title\">Points discussed in the article:<\/div><\/div><\/div><div class=\"ub_table-of-contents-extra-container\"><div class=\"ub_table-of-contents-container ub_table-of-contents-1-column \"><ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#0-mba-in-business-analytics-2023\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Different fields of practices for MBA in Business Analytics<\/a><ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#1-business-intelligence-descriptive-analytics\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Business Intelligence (Descriptive Analytics)<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#2-advanced-analytics-predictive-analytics\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Advanced analytics (Predictive Analytics)<\/a><\/li><\/ul><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#3-why-mba-in-business-analytics\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Why MBA in Business Analytics?<\/a><ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#4-hiring-projection-for-mba-graduates-in-business-analytics-\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Hiring Projection for MBA Graduates in Business Analytics&nbsp;<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#5-career-options\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Career Options<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#6-mba-business-analytics-salary-and-employment-statistics\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">MBA Business Analytics Salary and Employment Statistics<\/a><\/li><\/ul><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/#7-top-10-mba-colleges-for-business-analytics\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Top 10 MBA Colleges for Business Analytics<\/a><\/li><\/ul><\/div><\/div><\/div>\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>Want to pursue an MBA in Business Analytics?\u00a0 A 740+ GMAT score will help you to stand out and make your MBA application more competitive as compared to other applicants. We can help you by giving access to quality online content to prepare. \u00a0<a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Signup for our Free Trial and get free access to GMAT resources.<\/a><\/strong><\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-984fc823-4fc5-4d09-8a8d-04521754089d\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Start your free trial<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<h2 id=\"0-mba-in-business-analytics-2023\">MBA in Business Analytics 2023<\/h2>\n\n\n\n<p>According to a <a href=\"https:\/\/www.newvantage.com\/_files\/ugd\/e5361a_247885043758499ba090f7a5f510cf7c.pdf\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">survey conducted by NewVantage partners<\/a>, 91.9% of the firms that participated in the survey stated that their firms had delivered measurable business value from data and analytics investment, up dramatically from five years ago when only 48.4% of organizations reported seeing a measurable return. The growing optimism of data leaders is reflected in the projection that 98.2% of firms would see a return on their investments in 2023! Another report by Accenture points out the importance of Analytics in consumer-packaged-goods (CPG) and how companies should develop an enterprise-wide analytics strategy to harness the power of analytics. Thus, business analytics has been transforming how businesses function and will continue to do so in the future. With the demand for experts in this stream at an all-time high, many business schools are offering <a href=\"https:\/\/e-gmat.com\/blogs\/mba-master-of-business-administration\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">MBA concentrations<\/a> in Business Analytics or Big data.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Learn about <a href=\"https:\/\/e-gmat.com\/blogs\/which-mba-specialization-is-best-for-you\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Which MBA Specialization is best for you?<\/a><\/p><\/blockquote>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>\n<p>Full-Form<\/p>\n<\/td><td>\n<p>Master of Business Administration Business Analytics<\/p>\n<\/td><\/tr><tr><td>\n<p>Duration<\/p>\n<\/td><td>\n<p>2 years<\/p>\n<\/td><\/tr><tr><td>\n<p>Entrance Exam<\/p>\n<\/td><td>\n<p>GMAT, GRE, CAT, XAT, etc<\/p>\n<\/td><\/tr><tr><td>\n<p>MBA Business Analytics Subjects<\/p>\n<\/td><td>\n<p>Decision Analysis, Predictive Modeling, Project management, marketing analytics, data science, business intelligence, and many more<\/p>\n<\/td><\/tr><tr><td>\n<p>MBA Business Analytics Jobs<\/p>\n<\/td><td>\n<p>Data Analyst, Data Scientist, Business Intelligence analyst, big data analytics, market research analyst, and many more<\/p>\n<\/td><\/tr><tr><td>\n<p>MBA Business Analytics Salary<\/p>\n<\/td><td>\n<p>$115,802<\/p>\n<\/td><\/tr><tr><td>\n<p>Top MBA Colleges for Business Analytics<\/p>\n<\/td><td> <p>NYU Stern, HEC Paris, Wharton School of Business, and Tepper school of business.<\/p> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Pursuing your MBA at top MBA colleges can help students analyze and sort big data a make efficient decisions.<\/p>\n\n\n\n<p>Business analytics <a href=\"https:\/\/www.mbacentral.org\/business-analytics-mba-degrees\/\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\" target=\"_blank\">is an umbrella term<\/a> that encompasses two district fields of practices:<\/p>\n\n\n\n<ol><li>Business Intelligence (Descriptive Analytics)<\/li><li>Advanced analytics (Predictive Analytics)<\/li><\/ol>\n\n\n\n<h3 id=\"1-business-intelligence-descriptive-analytics\">Business Intelligence (Descriptive Analytics)<\/h3>\n\n\n\n<p>Business Intelligence (B.I.) is typically descriptive, focusing on the tools and strategies utilized to identify, acquire, and categorize raw data on past or current events. It is a process of reviewing historical data to understand how a product line or department within a business has performed over a specific time. Some of the practices under Business Intelligence include querying, reporting, and online analytical processing (OLAP).<\/p>\n\n\n\n<h3 id=\"2-advanced-analytics-predictive-analytics\">Advanced analytics (Predictive Analytics)<\/h3>\n\n\n\n<p>It is a more recent development and involves in-depth statistical analysis, such as performing predictive analytics by applying statistical algorithms to historical data. It helps to predict how new services or product will affect sales. Some of the practices under Advanced analytics include cluster analysis, data mining, simulation algorithms.<\/p>\n\n\n\n<h2 id=\"3-why-mba-in-business-analytics\">Why MBA in Business Analytics?<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img loading=\"lazy\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/Why-mba-in-business-analytics-300x182.png\" alt=\"Why mba in business analytics\" class=\"wp-image-25981\" width=\"410\" height=\"249\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/Why-mba-in-business-analytics-300x182.png 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/Why-mba-in-business-analytics.png 400w\" sizes=\"(max-width: 410px) 100vw, 410px\" \/><\/figure>\n\n\n\n<p>An MBA is a highly lucrative career option in the current market, largely due to the cascading effects of the COVID-19 pandemic. The pandemic has increased the demand for experts in data analytics as businesses try to understand the crisis and make informed decisions. The disruption in global supply chains due to the pandemic has increased the demand for professionals in supply chain analytics so that companies can understand and optimize their supply chains. The hiring trends of the companies in the past few years, according to the <a href=\"https:\/\/www.gmac.com\/-\/media\/files\/gmac\/research\/employment-outlook\/2022_gmac_corporate_recruiters_survey_summary_report_final.pdf\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">2022 corporate recruiters survey by GMAC<\/a>, clearly indicate the increase in demand for professionals in data analytics: Overall, nearly 9 in 10 corporate recruiters plan to hire Master of Data Analytics graduates in 2022 (86%), up from 73 percent of the same recruiters who actually hired them in 2021.<\/p>\n\n\n\n<p>The students in MBA business analytics learn concepts that are important for the discipline, such as predictive analysis, marketing intelligence, econometrics, data and text mining, data visualization, and more.<\/p>\n\n\n\n<p>From marketing managers seeking data about customers to financial analysts calculating investment decisions, data has become a fundamental part of the business.<\/p>\n\n\n\n<p>Many employers have started to recognize the importance of data and are looking for professionals who understand analytical tools and are familiar with concepts of data science.<\/p>\n\n\n\n<p>According to the E.Y. report, one of the key drivers to implement big data analytics is to understand customers better, followed by to improve products and services and to improve the management of existing data.<\/p>\n\n\n\n<h3 id=\"4-hiring-projection-for-mba-graduates-in-business-analytics-\">Hiring Projection for MBA Graduates in Business Analytics&nbsp;<\/h3>\n\n\n\n<p>In the Corporate Recruiters Survey <a href=\"https:\/\/www.gmac.com\/-\/media\/files\/gmac\/research\/employment-outlook\/2022_gmac_corporate_recruiters_survey_summary_report_final.pdf\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">2022 by GMAC<\/a>, 30% of the responding companies plan to hire graduates for data analytics\/intelligence job functions in 2022.<\/p>\n\n\n\n<p>Hiring intention for Master of Data Analytics graduates is highest among recruiters in the east and southeast Asia region (92%), followed by the Middle east (88%).<\/p>\n\n\n\n<p>A McKinsey <a href=\"https:\/\/www.mckinsey.com\/business-functions\/mckinsey-digital\/our-insights\/big-data-the-next-frontier-for-innovation\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\" target=\"_blank\">Global Institute report<\/a> estimated 4 million positions in the U.S. alone, where employers require analytical skills, and pointed out a shortfall of 1.5 million data-savvy managers and analysts.<\/p>\n\n\n\n<p><strong>With an increasing number of employers hiring data-driven candidates and a shortfall of data-savvy managers and analysts, business schools have started offering MBA specialization in Business Analytics and are teaching the concepts of analytics in their core curriculum.<\/strong><\/p>\n\n\n\n<p>Thus, an MBA program that specializes in Business Analytics or Big Data is valuable because it allows students to understand how to sort, collect, and understand the implications of data and how to leverage it to meet strategic goals.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>Want to pursue an MBA in Business Analytics?\u00a0 A 740+ GMAT score will help you to stand out and make your MBA application more competitive as compared to other applicants. We can help you by giving access to quality online content to prepare. \u00a0<a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Signup for our Free Trial and get free access to GMAT resources.<\/a><\/strong><\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-a353e149-5be6-474d-83a3-47daaee42b87\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Start your free trial<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<h3 id=\"5-career-options\">Career Options<\/h3>\n\n\n\n<p>The careers in business analytics can range from <strong>analyst-level positions to business intelligence managers, and the concept applies to various business functions such as marketing, operations, supply chain, and more.<\/strong> Some MBAs find jobs as analysts, while others put their skills to use in financial or consulting organizations.<\/p>\n\n\n\n<p>In <a href=\"https:\/\/www.mckinsey.com\/industries\/financial-services\/our-insights\/building-an-effective-analytics-organization\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\" target=\"_blank\">McKinsey\u2019s survey<\/a>, 58% of the respondents at top-performing companies say that their organization had deep functional expertise across data engineering, data science, data architecture, and analytical transformation.<\/p>\n\n\n\n<p>Besides, <strong>top-performing organizations have four times as many analytics professionals<\/strong> and one and a half times more functional experts than other companies.<\/p>\n\n\n\n<p>Listed below are <strong>career options available<\/strong> after MBA in business analytics:<\/p>\n\n\n\n<ul><li>Management Analyst\/Consultant<\/li><li>Data Analyst\/Scientist<\/li><li>Business Intelligence Analyst<\/li><li>Program and Marketing Manager<\/li><li>Big Data Analytics<\/li><li>Operations Research Analyst<\/li><li>Market research Analyst<\/li><li>And many more<\/li><\/ul>\n\n\n\n<p>After having an idea about what is business analytics and the career options available, you might be wondering about the skills that are required to become a business analyst.<\/p>\n\n\n\n<p>According to the <a href=\"https:\/\/www.gmac.com\/-\/media\/files\/gmac\/research\/employment-outlook\/2022_gmac_corporate_recruiters_survey_summary_report_final.pdf\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">GMAC Corporate Recruiters Survey 2022<\/a>, more than half of the recruiters rate strategic and systems skills, decision-making processes, and interpretation skills as the most important. <\/p>\n\n\n\n<p>The list below highlights <strong>skills that are required<\/strong> to pursue a career in business analytics:<\/p>\n\n\n\n<ol><li>Communication skills<\/li><li>Technical Skills<\/li><li>Managerial Skills<\/li><li>Decision-making Skills<\/li><li>Analytical Skills<\/li><li>Critical thinking Skills<\/li><li>Negotiation Skills<\/li><\/ol>\n\n\n\n<h3 id=\"6-mba-business-analytics-salary-and-employment-statistics\">MBA Business Analytics Salary and Employment Statistics<\/h3>\n\n\n\n<p>Glassdoor reports Data Scientist job profile is ranked number 3, for the best jobs in America 2022. The below table shows the median base salary for various career options in business analytics, <a href=\"https:\/\/www.glassdoor.com\/List\/Best-Jobs-in-America-LST_KQ0,20.htm\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\" target=\"_blank\">according to Glassdoor<\/a>:<\/p>\n\n\n\n<iframe title=\"\" aria-label=\"Table\" id=\"datawrapper-chart-GN4AU\" src=\"https:\/\/datawrapper.dwcdn.net\/GN4AU\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"228\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";window.addEventListener(\"message\",(function(e){if(void 0!==e.data[\"datawrapper-height\"]){var t=document.querySelectorAll(\"iframe\");for(var a in e.data[\"datawrapper-height\"])for(var r=0;r<t.length;r++){if(t[r].contentWindow===e.source)t[r].style.height=e.data[\"datawrapper-height\"][a]+\"px\"}}}))}();\n<\/script>\n\n\n\n<p><a href=\"https:\/\/www1.salary.com\/Salaries-for-Business-Analytics-Manager-with-a-Masters-Degree-or-MBA\" rel=\"nofollow external noopener noreferrer\" data-wpel-link=\"external\" target=\"_blank\">According to Salary.com<\/a>, the business analytics manager earns a yearly salary between<strong> <strong>$129,065 - $137,185<\/strong><\/strong>, making it one of the most promising careers.<\/p>\n\n\n\n<h2 id=\"7-top-10-mba-colleges-for-business-analytics\">Top 10 MBA Colleges for Business Analytics<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter is-resized\"><img loading=\"lazy\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/best-analytics-mba-programs-300x200.png\" alt=\"best mba business analytics colleges \" class=\"wp-image-25980\" width=\"444\" height=\"296\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/best-analytics-mba-programs-300x200.png 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/11\/best-analytics-mba-programs.png 400w\" sizes=\"(max-width: 444px) 100vw, 444px\" \/><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>A high GMAT score can set you apart from the competition and help you get an admit at your dream business school. Start your GMAT Preparation with the <a href=\"https:\/\/e-gmat.com\/blogs\/e-gmat-review\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">most reviewed online GMAT prep company<\/a>. Try out our <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">FREE Trial<\/a> Today!<\/strong><\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-1e1c58c0-3b98-48ce-bbed-b14678980ed9\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Start your free trial<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<p>Here is the list of top MBA colleges for Business Analytics 2023:<\/p>\n\n\n\n<ol><li>Massachusetts Institute of Technology (Sloan)<\/li><li>Carnegie Mellon University (Tepper)<\/li><li>Georgia Institute of Technology (Scheller)<\/li><li>University of Pennsylvania (Wharton)<\/li><li>New York University (Stern)<\/li><li>University of California, Berkeley (Haas)<\/li><li>University of Texas--Austin (McCombs)<\/li><li>University of Chicago (Booth)<\/li><li>HEC Paris<\/li><li>Imperial College Business School<\/li><\/ol>\n\n\n\n<p><em>*The rankings for the top MBA colleges in USA have been taken from <a href=\"https:\/\/www.usnews.com\/best-graduate-schools\/top-business-schools\/business-analytics-rankings\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">US News- 2023 rankings for business analytics<\/a><\/em><\/p>\n\n\n\n<h3 id=\"8-massachusetts-institute-of-technology-sloan\">Massachusetts Institute of Technology (Sloan)<\/h3>\n\n\n\n<p>GMAT Score: 730<\/p>\n\n\n\n<p>Location: Cambridge, Greater Boston, USA&nbsp;<\/p>\n\n\n\n<p>MBA Cost per year: $ 86,400<\/p>\n\n\n\n<p>MBA Salary: $1,65,000<\/p>\n\n\n\n<p>Percentage of students placed in Business Analytics function: 2.4%&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"9-carnegie-mellon-university-tepper\">Carnegie Mellon University (Tepper)<\/h3>\n\n\n\n<p>GMAT Score: 702<\/p>\n\n\n\n<p>Location: Pittsburgh&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $72,800<\/p>\n\n\n\n<p>MBA Salary: $ 148,067<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 id=\"10-georgia-institute-of-technology-scheller\">Georgia Institute of Technology (Scheller)<\/h3>\n\n\n\n<p>GMAT Score: 690<\/p>\n\n\n\n<p>Location: Atlanta, Georgia, US<\/p>\n\n\n\n<p>Tuition Fees(per year): $40,752<\/p>\n\n\n\n<p>MBA Base Salary: $136,819<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 id=\"11-wharton-school-of-business\">Wharton School of Business<\/h3>\n\n\n\n<p>GMAT Score: 733<\/p>\n\n\n\n<p>Location: Philadelphia, Pennsylvania&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $84,874<\/p>\n\n\n\n<p>MBA Base Salary: $155,000<\/p>\n\n\n\n<p>Percentage of students placed in Business Analytics function: 0.5%<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 id=\"12-nyu-stern-school-of-business\">NYU Stern School of Business<\/h3>\n\n\n\n<p>GMAT Score: 733<\/p>\n\n\n\n<p>Location: New York, USA&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $82,326<\/p>\n\n\n\n<p>MBA Salary: $175,000<\/p>\n\n\n\n<p>Percentage of students placed in Business Analytics function: 1.40%&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 id=\"13-university-of-california-berkeley-haas\">University of California, Berkeley (Haas)<\/h3>\n\n\n\n<p>GMAT Score: 729<\/p>\n\n\n\n<p>Location: Berkeley, California, USA&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $76,433<\/p>\n\n\n\n<p>MBA Base Salary: $155,000<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 id=\"14-university-of-texas-austin-mccombs\">University of Texas-Austin (McCombs)<\/h3>\n\n\n\n<p>GMAT Score: 660 \u2013 750<\/p>\n\n\n\n<p>Location: Austin, Texas, USA&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $59,800<\/p>\n\n\n\n<p>MBA Base Salary: $125,000<\/p>\n\n\n\n<p>Percentage of students placed in Business Analytics function: 1.9%&nbsp;&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p><strong>Take a <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">free GMAT mock<\/a> to understand your baseline score and start your GMAT prep with our free trial. We are the\u00a0<a href=\"https:\/\/e-gmat.com\/blogs\/e-gmat-review\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">most reviewed online GMAT Prep company\u00a0with 2500+ reviews on GMATClub<\/a><\/strong><\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-5e947762-27ca-4928-8dc9-fae101a73056\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Start your free trial<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<h3 id=\"15-university-of-chicago-booth\">University of Chicago (Booth)<\/h3>\n\n\n\n<p>GMAT Score: 729<\/p>\n\n\n\n<p>Location: Chicago, Illinois, USA&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: $77,841<\/p>\n\n\n\n<p>MBA Bse Salary: $155,000<\/p>\n\n\n\n<p>Percentage of students placed in Business Analytics function: 0.4%&nbsp;&nbsp;<\/p>\n\n\n\n<h3 id=\"16-hec-paris\">HEC Paris<\/h3>\n\n\n\n<p>GMAT Score: 690<\/p>\n\n\n\n<p>Location: Paris, France<\/p>\n\n\n\n<p>Tuition Fees: $84,750<\/p>\n\n\n\n<p>MBA Salary: $116,504<\/p>\n\n\n\n<h3 id=\"17-imperial-college-business-school\">Imperial College Business School<\/h3>\n\n\n\n<p>GMAT Score: 600+<\/p>\n\n\n\n<p>Location: London&nbsp;<\/p>\n\n\n\n<p>Tuition Fees: \u00a337,300<\/p>\n\n\n\n<p>MBA Salary: \u00a369,000<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>All the above-mentioned <strong>Business Schools require a <a href=\"https:\/\/e-gmat.com\/blogs\/what-is-a-good-gmat-score\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">good GMAT score.<\/a><\/strong> A 740+ GMAT score will help you to stand out and make your MBA application more competitive as compared to other applicants. We can help you by giving access to quality online content to prepare. &nbsp;<a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Signup for our Free Trial and get free access to GMAT resources.<\/a><\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-e320a803-1abe-466d-b2dd-9b1ae670db11\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Start your free trial<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<p><strong>Here are some related articles on:<\/strong><\/p>\n\n\n\n<ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/top-mba-programs-in-finance-best-business-schools-for-finance-careers\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best business schools for Finance&nbsp;<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/best-marketing-mba-programs\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best Business Schools for Marketing&nbsp;<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/best-business-schools-operations\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best Business Schools for Operations&nbsp;<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/top-10-mba-programs-consulting-1\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best Business Schools for Consultancy<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/best-business-schools-for-technology-top-5-mba-programs-for-a-career-in-technology\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best Business Schools for Technology<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/top-mba-programs-supply-chain-management\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Best Business Schools for Supply chain&nbsp;<\/a><\/li><\/ul>\n\n\n\n<h2 id=\"18-faqs-mba-in-business-analytics\">FAQs - MBA in Business Analytics<\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1589191175864\"><strong class=\"schema-faq-question\">What jobs can I get with an MBA in Business Analytics? <\/strong> <p class=\"schema-faq-answer\">Here are some of the career options available after MBA in Business Analytics:<br\/>1. Data Analyst\/Scientist<br\/>2. Program and Marketing Manager<br\/>3. Market research Analyst <br\/>4. Management Analyst\/Consultant <br\/>4. Big Data Analytics <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1589191331429\"><strong class=\"schema-faq-question\">Is an MBA in Business Analytics worth it? <\/strong> <p class=\"schema-faq-answer\">Yes. From marketing managers seeking data about customers to financial analysts calculating investment decisions, data has become a fundamental part of the business. Many employers have started to recognize the importance of data and are looking for professionals who are familiar with concepts of data science and understand analytical tools. <\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1589191543394\"><strong class=\"schema-faq-question\">Is an MBA worth it?<\/strong> <p class=\"schema-faq-answer\">Yes. Getting an MBA can open the door to new and exciting opportunities. It can help you built your network, which matters a lot when it comes to the corporate world. But, an MBA is not a magic pill. There are certain factors you need to keep in mind while you calculate ROI on your investment. Here is an article that tries to <a href=\"https:\/\/e-gmat.com\/blogs\/when-is-an-mba-worth-it\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">answer this question by doing a cost-benefit analysis. <\/a><\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>MBA Business Analytics or Master of Business Administration Business Analytics is generally a 2-year program. It is traditionally a Master of Business Administration (MBA) degree with a concentration in Business Analytics. Business analytics is the process of collecting, combining, sorting, processing, and using statistical models and methodologies to transform data into business insights. It helps [&hellip;]<\/p>\n","protected":false},"author":102420,"featured_media":31299,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ub_ctt_via":""},"categories":[4102,115,113],"tags":[],"featured_image_src":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2019\/12\/mba-in-business-analytics.png","author_info":{"display_name":"Lekhika Dhariyal","author_link":"https:\/\/e-gmat.com\/blogs\/author\/lekhikae-gmat-com\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.1.1 (Yoast SEO v17.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is MBA in Business Analytics? Is it a lucrative career option in 2023?<\/title>\n<meta name=\"description\" content=\"Learn what can you do with an MBA in Business Analytics. Check out courses, career options, and salary post-MBA in Business Analytics.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/e-gmat.com\/blogs\/mba-business-analytics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is MBA in Business Analytics? Is it a lucrative career option in 2023?\" \/>\n<meta property=\"og:description\" content=\"Learn what can you do with an MBA in Business Analytics. 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