How Can an MBA in Business Analytics Boost My Career?
While researching Business Analytic programs, people usually have difficulty deciding between a Master of Science degree and an MBA degree.
An MS in Business Analytics gives people a deep dive into collecting and analyzing data to make informed business decisions. Whereas an MBA with a Business Analytics specialization prepares professionals to lead in executive positions in addition to learning how to leverage data and business intelligence.
The fully online MBA in Business Analytics program at Montclair State University is perfect for professionals who:
- Want to move to a different career that utilizes data
- Wish to enhance their analytical skills in their current job
- Seek to demonstrate their readiness for higher management roles
- Are interested in using data to help find innovative solutions to problems
If this sounds like you, check out the three ways earning an MBA in Business Analytics online can boost your career.
Grow Your Network
Everyone knows that the larger the network you can tap into, the better. Networking can be essential to future career growth and business opportunities.
However, there’s a right way and a wrong way to network.
According to a Harvard Business Review article, “Networking doesn’t mean connecting with people just for the sake of it or selfishly for your interests at the cost of others. It means building strong, meaningful relationships that help you achieve your career goals.”
Ways you can build strong, meaningful relationships while earning an MBA include:
- Attending alumni networking events
- Discussing classes and topics with peers
- Exploring new ideas and theories with professors
Montclair State University boasts an alumni network of more than 130,000 graduates that you can tap into during alumni events or through connecting with peers and professors.
You’ll be developing meaningful connections and relationships with people who’ve been where you are, which can help you throughout your current and future career endeavors.
Increase Your Earning Potential With an Advanced Degree
According to the Graduate Management Admission Council’s (GMAC) June 2021 Corporate Recruiters Survey, 91% of recruiters planned to hire MBAs in 2021.
Return on investment is high when it comes to earning an MBA in Business Analytics.
Securing a lucrative salary as an MBA graduate is not uncommon. The GMAC reports the median annual base starting salary at US companies was $115,000 in 2021. When compared to the median annual base starting salary of a bachelor’s degree holder of $65,000, that’s quite a jump!
Improve Business Decisions in the Workplace
Not only will you learn leadership and management skills from the core courses of an MBA program, but you will learn how businesses leverage data analytics to reach an ideal customer base and outperform competitors.
The more leaders learn about business analytics, the more capable they will be in making informed decisions, increasing revenue and improving operational efficiency.
Leaders can view what’s happening in the company through the lenses of media, colleagues or even instincts, but hard data is the most concrete way to back up the decision-making process.
Businesses can use data analytics to make decisions about:
- Predicting sales trends
- Finding new customers
- Increasing customer retention
Ultimately data helps leaders make smarter decisions about their companies’ next steps.
Advance Your Career With Montclair State University
Jobs in business analysis are in demand as technology advances and companies seek efficiency. Earning an MBA with a Business Analytics specialization could help you pursue a career in business analysis, management and statistics.
Our fully online MBA in Business Analytics program includes 18 core courses in Accounting, Finance, Economics, Marketing, Management and more. As well as these three Business Analytic concentration courses:
- Introduction to Business Analytics
- Data Analytics and Visualization
- Advanced Business Analytics
You can earn your online MBA in Business Analytics in as little as 26 months from the comfort of your own home.
Take the next steps to boost your career today! Learn more about Montclair State University’s online MBA in Business Analytics program on our overview page.
© 2022 Montclair State University | All Rights Reserved