MS in Business Analytics in USA : Top colleges, Fees, Salary, and more

Introduction

MS in Business Analytics in USA is an interdisciplinary study that combines the concepts of computer science, statistics, data science, information theory, and business intelligence. All these concepts are applied to commercial applications. Business analytics has gained quite a lot of popularity among the younger generation as well as the working professionals due to its attractive salary packages and interesting work profile. 

People who are good with numbers, analyzing data, and presenting data in the form of graphs, charts, etc., using statistical information to derive meaningful insights into data will have an upper edge in this domain. But wait is it all about just analyzing and presenting data ??? Well no!! a major part of business analytics involves collecting, cleaning, and extracting meaningful data from either structured or unstructured databases. How to do that ??? Well here comes the role of various computer languages do must be well-versed with. Good knowledge of computer Science like SQL, NoSQL, Python, Java, and advanced excel are the baby steps to get you started in the field of business analytics. 

Table of Contents:

• What’s great about doing MS in Business Analytics in USA?
• Top-notch USA universities offering MS in Business Analytics
• Eligibility Grounds
• Documents you will need for admission in MS Business Analytics
• Costs you will need to bear to study MS in business Analytics in the USA
• Job Prospects in the USA after MS in Business Analytics
• FAQ’s

What’s Great About Doing MS in Business Analytics in USA?

The USA is always on the top when it comes to studying MS in business analytics. The USA is the hub of the best educational institutions around the globe. Now the demand for skilled business analysts, data engineers, data scientists is on the rise like never. Here are some pointers that will compel you, even more, to apply for MS in business analytics in the USA: 

• Lack of skilled professionals: The USA is currently thriving for skilled professionals possessing great analytical skills.
• Flexible study plans: Students can transfer their subject credit to the next semester until they are fully prepared to the give the exams.
• Booming data industry: The entire world is loaded with data starting with your smartphones, laptops, and other electronic devices. This data is used to often optimize customer experiences by analyzing their current and future needs. The more is the data the more is the need to analyze it. Thereby, increasing the number of jobs in the field of data analytics.
• Quick employability: Graduates in MS in Business Analytics in USA are offered jobs within 3-6 months 

Top-notch USA Universities Offering MS in Business Analytics 

The USA is home to the best universities around the globe for MS in Business analytics. Here is a list of 10 best colleges along with their world university rankings, degree offered, duration of the course, and annual fees(USD) for MS in Business Analytics in USA, you would not want to miss: 

Eligibility Grounds

Every university in the USA has set different eligibility criteria for admission to MS in Business Analytics in USA. Overall, the major requirements remain the same for all the universities, but the minimum marks/percentages of various entrance tests might vary. International students willing to pursue MS in Business Analytics in USA will require a minimum 3 GPA out of 4 in their bachelor’s degree. English-proficiency tests are compulsory, especially for international candidates. In addition to this, you must give GRE/GMAT, the scores for which differ for each university. Check out the detailed list of requirements of some of the top colleges offering MS in Business Analytics in USA:

 Documents you will need for admission in MS in Business Analytics in USA:

Now, that you have decided to pursue MS in Business Analytics in the USA, all you need to know about the documents you must submit are listed below:

1. Complete the Application form: The first key step that is obvious is buying and filling the application form. Finally, submit the form online along with the prescribed fees.
2. Academic documents: These include all passing certificates, detailed mark sheets, and other relevant documents of your bachelor’s degree. The candidate must have completed a 4-year undergraduate degree in the relevant field of study with an average GPA score of 3.4 or above.
3. Letter of motivation/Recommendation Letters: This letter will somehow justify your credibility. It is usually written by a previous/current professor/employer. This letter puts light on your strengths, weaknesses, and past work experiences in a favorable manner. You will require at least 2-3 letters of recommendation stating the candidate’s academic achievements as well as professional work history.
4. Language Proficiency Exams results: Scorecards for English-proficiency exams like IELTS, TOEFL are required. 
5. Statement of Purpose: It is usually a detailed essay on why you are interested in joining a particular university for a particular course. In this essay, you must justify your purpose of joining the university.
6. Resume: A resume is required to show relevant work experience in some colleges. Remember!! In case you have not taken the GRE/ GMAT tests, you could use your work experience as a wavier for the same.
7. F-1 Visa: This visa is a pre-requisite for international students desirous of pursuing full-time study in the US. This visa is temporary. It is awarded by the US Department of State.

Costs You Will Need to Bear to Study MS in Business Analytics in the USA

The US is considered one of the best yet expensive destinations for students to pursue higher studies. The following costs are to be incurred by the student willing to study MS in Business Analytics in USA:

1) Pre-arrival costs: These costs are to be paid by the student for buying the application, visa, entrance exams, English-proficiency exams, etc.

• Application Fees for the course- $100-200.
• Visa Application Fees- US $160.
• IELTS Fees- US $185-190.
• TOEFL Fees- US $160-250.
• GRE Fees- US $205-230.
• GMAT Fees- US $250.

2) Tuition Fees: The tuition fees to be paid by a student for MS in Business Analytics in USA are somewhere between 27,000 USD- 82,000 USD. However, tuition fees might vary for different colleges.

3) Cost of living: These include costs like accommodation, food, rent, transportation, personal expenses, health insurance, etc.

Important fact: Unlike other popular education destinations, the US charges its students more for on-campus housing facilities. 

So, the Overall annual cost of studying MS in Business Analytics in USA lies between USD 50,544- USD 1,06,000. MIT is the most expensive university among the lot with an annual cost of study being USD 1,06,000. Annual costs of study to be incurred in UC Davis university are comparatively lower than other US universities with around USD 50,544.

Job Prospects in the USA After MS in Business Analytics in USA

The USA is the best place for fresh graduates to get hired. Fresh graduates after completing MSBA (MS in Business Analytics), have a higher chance of getting hired by top brands like BCG, McKinsey, IBM, and BMW. 

Graduates of the course find successful career opportunities in areas such as market study, supply chain management, project management. Some of the popular job profiles along with their average salary packages are listed below:

Conclusion

One of the most popular places for students looking to seek MS in business analytics in USA. One of the top STEM (science, technology, engineering, and mathematics) programmes in the USA is the Master's in Business Analytics, which comes with extended post-study work visas, fantastic research possibilities, and promising career prospects. The US is one of the best places to study abroad for a master's in business analytics, with more than 210 prestigious universities providing courses in the field. The USA, which is home to some of the best companies in the world, is the best country in the world to learn business analytics.