12 Career Paths You Can Pursue with a Master’s in Business Analytics
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Today’s business landscape is constantly evolving. Earning your MBA in business analytics will increase your visibility and success in a competitive job market. When it comes to master’s in business analytics jobs, companies often look for candidates who pay meticulous attention to detail and have the ability to apply concrete data to abstract concepts, such as a company’s needs and goals.
An Overview on Business Analytics Degree Jobs
At its core, an MBA in business analytics prepares you for careers that focus on leadership and business growth, starting with basic principles and data-driven strategies to make informed decisions. Many master’s in business analytics job descriptions have a similar foundation, but each has a different concentration.
For example, most data analyst and intelligence positions concentrate on data mining and informational reporting, whereas business and management analyst roles center around applying data into actionable growth strategies for a business.
One of the many advantages of business analytics degree jobs is that there are opportunities in a diverse variety of industries, such as:
- Professional consulting services
- Scientific and technical services
- Research and development
- Insurance
- Finance
- Public administration
- Manufacturing
- Information services
- Broadcasting
- Healthcare
- Social assistance
- Retail
- Education
- Transportation
- Many more
As you can see, there are not many limitations when it comes to careers in business analytics. Within these industries, there are a variety of data-focused career paths to take when it comes to MBA business analytics jobs, including the following:
1. Business Development Manager
The typical job description of a business development manager includes assisting with and identifying growth opportunities for companies, both in terms of revenue and brand recognition. It is crucial for business development managers to have a comprehensive understanding of market trends, foundational drivers of the organization, and competitors within the appropriate industry.
2. Business Systems Analyst
A business systems analyst oversees and inspects a company’s overall business systems by compiling data and determining opportunities for growth and improvements. This role works closely with end users and management to gain a better understanding of a company’s database and how it could be used more efficiently. Within this information technology job, experience with software and hardware is valued.
3. Data Architect
The responsibilities of a data architect typically include building and managing an organization’s database. This role can involve visualization and design solutions, as well as securing database solutions, preparing data reports, and evaluating management framework. The duties of a data architect are largely centered around applied math and statistics.
4. Statistician
For statisticians, some of the primary duties of the role include collecting and organizing data by creating surveys, questionnaires, and opinion polls. From there, a statistician dissects the information on an analytical level and draws conclusions based off of the data collected.
5. Data Scientist
According to an annual report of the 50 Best Jobs in America on , data scientists have ranked in the top three options for the past seven years. Typical responsibilities within this role combine computer science and math skills for tasks such as identifying information sources, building predictive machine-learning algorithms, and analyzing data to identify patterns and trends.
6. Application Architect
Businesses rely on application architects to obtain and manage documentation regarding application design processes, software architecture, testing guidelines, and integration. Within this role, it is essential to have a complete understanding of the whole system, including the interactions between abstract components, limitations, and coding requirements.
7. Market Research Analyst
A marketing research analyst is responsible for studying trends and market conditions and then analyzing data on competitors and, most importantly, consumers. A background in analytics is sought within this role because the information collected helps businesses recognize which products and services people are looking for and what price they are willing to pay for them.
8. Business Intelligence Analyst
A business intelligence analyst inspects complex data sets to make key recommendations for a company’s growth, as well as produces market intelligence and finance reports. This role takes an in-depth and strategic approach to market trends, both internally and externally, in order to improve a business’s overall performance.
9. Supply Chain Analyst
As a supply chain analyst, you will ensure that everything is moving smoothly I the journey from the supplier to the customer. You will also look at various types of data, including production schedules and information pertinent to transportation systems, to find ways to make systems more efficient. In your role, you will interact with other teams to create new procedures or improve existing ones.
10. Operations Manager
When considering business analytics careers, the role of an operations manager is another viable option. As an operations manager, you will keep the day-to-day operations of an organization on track. You will manage staff, create policies and procedures, and keep an eye on how everything is performing. Operations managers work in diverse industries, including everything from healthcare to hospitality to logistics and more.
11. Risk Analyst
A risk analyst is another business analytics role you could find yourself in, and in this position, you will help predict the consequences of given actions with available data. You will use correlations and patterns found in past events, alongside relevant new data, to determine the best courses of action. A risk analyst identifies liabilities and determines the likelihood of positive and negative outcomes, making them essential team members.
12. Data Visualization Analyst
Data visualization is the process of making data more accessible and easier to understand by displaying it visually such as through forms, charts, graphs, and more. As a data visualization analyst, you will use a mix of tools and software to help you do this, presenting findings to diverse audiences, including stakeholders.
Skills to Focus on in MBA Business Analytics Jobs
To thrive in MBA data analytics jobs, it’s important to hone in on both hard and soft skills that will be utilized within the different roles. Of course, experience is important, but it’s also essential to apply interpersonal skills as well. When looking for business analytics degree jobs, here are some skillsets that are often necessary for a qualified candidate:
- Ability to compile factual and statistical data and effectively present findings
- Strong analytical skills to successfully perform within the role
- Ability to be trusted with and work with sensitive information
- Excellent computer skills to use the required software and databases
- Confident decision-making skills based on factual information
- Ability to effectively communicate and collaborate closely with C-level executives
Choose ÌÇÐÄVlog for Your M.S. in Business Analytics Online
ÌÇÐÄVlog’s Ambassador Crawford College of Business and Entrepreneurship offers a Master of Science in Business Analytics (MSBA) degree online, which offers the same high standard of teaching and learning that is experienced in person, but with the flexibility of online courses.
With the ability to learn on your own schedule, the online MSBA curriculum encompasses integrative capstone projects, business knowledge and technologies, as well as analytical methods to make strategic decisions in real-world scenarios.
Regardless of the career opportunity you are seeking, our online MSBA will prepare you to excel as a leader in a variety of business analytics degree jobs. We recognize that today’s business world is heavily reliant on data management, which is why we provide our graduate students with a holistic knowledge of analytics.
FAQs About Business Analytics Careers
How do you know if a business analytics degree suits you?
A business analytics career path is best suited for those who:
- Enjoy working with data and solving complex problems
- Want to pivot into analytics from a different industry or role
- Have an interest in business strategy and decision-making
- Want to work in a high-growth, high-demand field
What does a typical day look like for a business analyst?
Some responsibilities that you can expect to tackle as a business analyst include:
- Research
- Reporting
- Budgeting and forecasting
- Financial modeling
- Variance analysis
- Pricing
- Planning and performance analysis
What is the job outlook for business analyst degree jobs?
There is steady demand for business analytics roles, since any industry can benefit from effective analysis. According to the U.S. Bureau of Labor Statistics, employment of operations research analysts is .
What are some tools that business analysts should be familiar with?
There are many tools that business analyst professionals should be familiar with including data visualization tools (Tableau, QlikView, Power Bl), statistical analysis software (Python, SAS, R), big data technologies (Hadoop, Spark) and business intelligence platforms (SAP BusinessObjects, IBM Cognos).
How does a business analyst compare to a data analyst?
The key difference between these two roles is the area of focus. A data analyst focuses more on using technology to work with massive amounts of information and analyze it closely. Meanwhile, a business analyst focuses on the business implications of data and the actions that should result from them.
What are some responsibilities in business analytics roles?
The main goal of a business analyst is to help in problem-solving by identifying, recommending, and implementing the best solutions. Typical responsibilities of business analytics careers include:
- Delivering necessary information or reports to track progress
- Identifying the company’s objectives and requirements
- Generating data-driven business recommendations
- Evaluating business problems and market prospects
- Making smart business decisions with the help of data analysis
Contact Us Today to Learn More About Business Analytics Degree Jobs
For more information about the Ambassador Crawford College of Business and Entrepreneurship’s Master of Science in Business Analytics, request information or apply to our grad school today and jump-start your career!
For more resources and tips for choosing the right career after grad school, be sure to check out our .