3 Reasons Why You Should Earn an MS in Business Analytics
With its challenging and rewarding work, business analytics makes a satisfying career choice. The business world’s data-centric approach to decision making creates plenty of job opportunities for qualified analysts, too. However, analytics is a technical field requiring even entry-level job candidates to possess specific skills. If you are considering this career path, you can earn the necessary skills and knowledge by acquiring an MS in Business Analytics. Read on to discover why you should consider earning this degree.
Be on the Forefront of a Budding Industry
Business analytics is a rapidly growing field that is expected to continue expanding in the coming years. The Bureau of Labor Statistics estimates 31.4% employment growth for analytics professionals between 2020 and 2030. This expected increase in employment will create demand for business analysts, which means qualified candidates can expect higher salaries. According to Glassdoor, the average salary of business analytics professionals in the US is nearly $100,000. Beyond generous pay, these professionals enjoy flexible options. Many work online, while others move to their preferred city or country where analytics jobs will inevitably be available.
An MS in Business Analytics prepares you for a rewarding career in the industry. You will master skills and techniques such as exploratory data analysis, data visualization, and machine learning. You will learn tools and platforms like Python, Excel, and Tableau or Power BI. After completing your degree and building a foundation in the field, you become an attractive candidate to the many businesses seeking to fill analyst roles.
Become Qualified for More Specific Analytical Careers
After earning an MS in Business Analytics, the business analyst role is the most obvious starting point for a career in business analytics. However, analytical skills are highly transferable to more specific analytical careers. A single business often has many areas that benefit from data-driven decisions. For example, you would find your skills equally valuable as an operations analyst, management analyst or benefits analyst roles.
An MS in Business Analytics enables you to take a holistic view of business and choose a functional area in which to apply your skills. Furthermore, your degree will serve as a foundation for upskilling and moving into data analyst and data scientist roles.
Flexible Education Options
An MS in Business Analytics offers flexible education options. You can choose to study entirely online or both online and in person. A full-time program enables you to finish your degree and start your career more quickly, while a part-time program lets you study while working or making time for other activities. You can also choose how to distribute your course load across the academic year, opting for a more even distribution across fall, spring, and summer terms or taking a lighter load during summer.
How Montclair State University Helps You Prepare for a Career in Business Analytics
Montclair State University’s MS in Business Analytics helps you launch your career by outfitting you with the most in-demand analytical skills. You’ll learn techniques such as exploratory data analysis, time series analysis, and optimization while mastering data analysis programming languages like Python, SQL, and R and software such as Excel and Tableau. Equipping yourself with these skills makes you a highly sought-after candidate in today’s and tomorrow’s job market.
Additionally, Montclair State University’s MS in Business Analytics offers flexible study options. Choose to complete your degree online or opt for a blended online/in-person program. Study full-time or part-time. No matter how you structure your studies, you will be ready to succeed in business analytics upon completing your degree.