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MS in Business Analytics in USA: Top Universities, Fees, Eligibility, Career Scope

Business Analytics graduates are highly sought-after professionals in today’s job market. But as a Business Analytics graduate from the USA, you will be a frontrunner in this field. The USA occupies the top spot as a destination for higher education and is at the forefront of cutting-edge work in the tech business. Data-driven analysis in making business decisions has thrust this field into the spotlight and is contributing to the growth of this fast-developing sector. Top-tier universities offer incredibly competitive programs for MS in Business Analytics in USA that seek to provide an in-depth and well-structured curriculum to build a solid foundation. 

If you want to know the top universities offering a Masters in Business Analytics USA, the fee structure, eligibility, and career scope, read on! 

What is Business Analytics (BA)?

Business Analytics (BA) is the field that specialises in optimally utilising quantitative methods to draw actionable insights from data to inform business decisions. With a massive reservoir of data, businesses have become heavily reliant on using it to make strategic business decisions. They draw insights from past and emerging trends and patterns, understand the current scenario, and make future predictions and forecasts. By incorporating business analytics, organisations can gain a competitive advantage. 

Whether you are looking for the best or some of the most affordable universities in USA to realise your dreams of pursuing an MS in Business Analytics, we are here to help. Check our list of the top universities for your degree, fees, eligibility, and career scope!

Top Universities for MS in Business Analytics in USA: 

1. MIT Sloan School of Management, Massachusetts.

Ranked the best university in the world for an MS in Business Analytics by QS World University Rankings, this program gives you access to its excellent curriculum and world-class faculty. This 12-month course offers international students the prospect of extending their training in the country for up to two years after completion of the program. 

Eligibility:

To be eligible to apply for this program, you must hold a 4-year undergraduate degree or a 3-year equivalent undergraduate degree from an institution situated outside the USA. the program seeks out well-rounded individuals with excellent academic, professional, and extracurricular backgrounds. Further, applicants must submit a one-page resume, essay, and video questions, provide their academic transcripts, three letters of recommendation, relevant certifications, and test scores for standardised examinations (like GRE, GMAT, TOEFL, and IELTS). 

Fees:

The tuition fee to pursue an MS in Business Analytics from the Sloan School of Management is $86,300 for the academic year 2022-2023. 

2. UCLA Anderson School of Management, Los Angeles.

Standing in second place in the world and the USA for four years in a row for its Master’s program in Business Analytics is UCLA Anderson. The program offers students the opportunity to interact closely with trailblazers in the field with a student-to-faculty ratio of 3:1. 

Eligibility:

A four-year undergraduate degree or its equivalent from a recognised, accredited institution is mandatory, with a GPA over 3.0. Applicants are also required to provide English proficiency tests with GMAT or GRE scores: the minimum marks being 680 for the GMAT and 321 for GRE. Evidence of knowledge of computer programming (SQL, Python, R programming, C++) and computational and management tools is also advantageous though not compulsory. 

Fees:

The estimated tuition fee for the course for the class of 2023 is $70,771. This estimation does not include living expenses, transportation costs, health insurance, campus fees, parking, or books. 

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3. The University of Texas at Austin, Texas.

The McCombs School of Business at the University of Texas at Austin ranks among the top 10 programs in the world and is the third-best program for a Master in Business Analytics in USA. The school offers a 10-month full-time course and a 23-month part-time course. Its graduates draw recruiters from the largest corporations in the world, like Dell, Deloitte Consulting, and Walmart, to name a few. 

Eligibility:

Applicants must have an undergraduate degree from an accredited institution with evidence of quantitative coursework as part of the curriculum, particularly Calculus and Statistics. Professional or coursework-based experience in computer programming is a prerequisite, alongside a preference for applicants with knowledge of C++, Python, or Java. 

Fees:

The estimated tuition to study in this program will cost non-Texas residents $53,000, which includes a non-refundable pre-enrollment tuition fee of $2,000. 

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4. USC Marshall School of Business, Los Angeles.

A leader among the top business schools in the world, the Marshall School of Business offers a diverse community of students superior educational foundations to build their professional lives. The program ranks ninth in the world and exposes its students to a well-thought-out curriculum to keep up with the times. 

Eligibility:

An applicant must compulsorily have completed a 4-year undergraduate degree from an accredited institution in the USA or an equivalent degree from a recognised institution. Applicant should also have completed at least one coursework on statistics. Interestingly, the program does not require you to submit GRE or GMAT scores for admissions. For international students, a TOEFL score of 100 or above (20 or above in each section) or an IELTS score of 7 and above (minimum 6 in each band) is required. 

Fees:

According to the university, the tuition cost for the course starting Fall 2022 is expected to be $72,501 at an estimated $2,197 cost per unit. 

5. University of Washington, Washington. 

The university is home to the well-reputed Michael G. Foster School of Business, which ranks #15 for its Master’s in Business Analytics course globally. The 12-month STEM program combines data analytics with business strategy to equip its students with business knowledge and technical skills that make them valuable assets. 

Eligibility:

A candidate must have completed a 4-year undergraduate course for the US or an equivalent degree from a regionally accredited institution. Proof of English language proficiency through TOEFL or IELTS score, too, is mandatory. The minimum score requirement in TOEFL is 92 for internet-based, and an IELTS score of over 7.0 is accepted. The applicant may be exempted from providing GRE or GMAT scores in certain circumstances

Fees:

The cumulative program fee for this MSBA degree is $54,000 for non-residents. 

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6. Purdue University, West Lafayette.

Purdue is home to one of the most prestigious business schools in the world- Krannert School of Management. Offering a Master of Science in Business Analytics and Information Management, this B-school is ranked sixth in the country for the 11-month program. 

Eligibility:

All applicants must hold a 4-year undergraduate degree from a recognised US institution or an equivalent degree abroad. A minimum GPA of above 2.4 for STEM or 2.6 and above for non-STEM degree holders is necessary. A minimum GMAT score of 600 and its equivalent GRE score is mandatory to apply. International applicants must have scored over 93 in their TOEFL or a comparable score in their IELTS. 

Fees:

The total tuition fee for the course is $56,700 for international students. The estimated cost of living is an additional $14,360 for the course duration, books and supplies are $1,276, and health insurance is $622. 

7. University of Minnesota, Minneapolis. 

Located in Minneapolis, the university houses the famous Carlson School of Management, which provides a rigorous and stimulating academic environment to pursue a Master’s in Business Analytics. The full-time 12-month course offers a well-rounded curriculum that makes it famous among recruiters like Google, Capital One, and McKinsey and Company, to name a few. 

Eligibility:

Applicants must hold an undergraduate degree from an accredited US college or an equivalent degree from abroad. Those with a GPA of 3.0 and above are exempted from submitting their GRE or GMAT scores. Nonetheless, the applicant must have completed one college-level calculus course and should have demonstrated competency in computer programming. 

Fees:

The total tuition fee for the academic year 2022-2023 for non-resident students is $67,500. 

8. Michigan State University, Michigan.

The Eli Broad Graduate School of Management at Michigan offers an MS in Business Data Science and Analytics, one of the top programs in the country. It is a 12-month full-time course combining the fields of data science and analytics seamlessly to offer a comprehensive curriculum. 

Eligibility:

An undergraduate degree equivalent to a 4-year US bachelor’s degree from an accredited institution is mandatory. GRE or GMAT scores are compulsory unless a waiver is requested based on four years of work experience for international candidates. English competency test scores are also necessary- both TOEFL and IELTS are accepted tests. 

Fees:

International students are required to pay a total amount of $70,759 to cover tuition, insurance, books, and other unforeseen circumstances. 

Career Scope of an MS in Business Analytics in USA:

Studying in one of the listed universities for a Masters in Business Analytics will open up doors like never before. These top-tier universities equip you with the skills and technical know-how to set you apart from your competitors. If you want to know what you can do with this degree, read on.

  • Machine Learning Engineer
  • Data Scientist
  • Data Analyst
  • Statistician
  • Chief Technology Officer
  • Chief Data Officer
  • Market Research Analyst
  • Application Architect
  • Analytics Consultant
  • Business Intelligence Consultant
  • Data Visualisation Analyst
  • Customer Insights Analyst

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Conclusion

Today, data holds the key to success for businesses. The tremendous amount of data in store and generated every second is a treasure trove for those who know how to make sense of it. An MS in Business Analytics, particularly from the US, comes in handy to show how to methodically organise and understand this data to take the guesswork out of decision-making in business. To beat the competition and make headway, opt for an MS in Business Analytics in the USA today!

Why is MS in Business Analytics considered a STEM course in the USA?

STEM is an umbrella term used in the US for Science, Technology, Engineering, and Mathematics courses. An MS in Business Analytics in USA involves knowing and learning from these disciplines, particularly mathematics and technology. It is why the degree is considered a STEM course.

Which are some of the best universities to pursue an MS in Business Analytics globally?

The top 5 universities for MS in Business Analytics are MIT (Sloan), UCLA Anderson, Ecole Polytechnique/HEC Paris, ESSEC/Centrale Supelec, and Imperial College Business School.

What is the average salary for MS in Business Analytics graduates?

According to Payscale, the average salary of MS in Business Analytics graduates is $75,000.

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