Business Analytics is one of the most sought-after courses not only in India but abroad as well. MBA in Business Analytics helps students understand the industry well and develop the requisite skills to grab better job opportunities in the industry.

The fees for an MBA in Business Analytics course vary from country to country and region to region. However, the average fees for the degree range somewhere between $ 25,000 to $ 37,000.   The duration of the course varies between 1.5 -2 years for different countries. The part-time MBA in Data Analytics is usually for one year, and the full-time is usually for 2 years. 

Why Study an MBA in Business Analytics?

As per the US (Bureau of Labor Statistics), in the next 10 years, more than 96,000 management analyst jobs will be created due to the ongoing demand. Thus, for grasping new jobs that require data analytics skills with high pay, certain skills and knowledge are crucial, which in turn will enable individuals to expand their career prospects.

Better placements – An MBA in Business Analytics opens up a plethora of opportunities in the field. Students are able to grab high-paying jobs, thereby increasing their standard of living.

Scholarships – Many universities and leading colleges provide scholarships that help students fund their education. 

Flexibility - the flexibility to choose between part-time, full time and online helps students to pursue the course even while doing a full-time job.

Technical Knowledge – Students pursuing an MBA in Business Analytics get in-depth knowledge and skills for working in the AI sector. This helps individuals to work for private organisations or start up their own businesses.

Chance to have a global career – As individuals gain skills that are not just required at the domestic level but also at the global level, students, after completing their MBA in Business Analytics, get a chance to have a global career.

Better Networks and connections.

Course Highlights

Types of Masters in Business Analytics Abroad

Different Universities abroad provide various specializations under MBA in Business Analytics. Following is the list of specializations generally available:

• MBA in Business Analytics with specialization in Business Intelligence
• MBA in Business Analytics with specialization in Data Science
• MBA in Business Analytics with specialization in Analytics and Programming
• MBA in Business Analytics with specialization in Data Visualization
• MBA in Business Analytics with specialization in Machine Learning and AI

Best Universities for the Masters in Business Analytics Abroad

Course Curriculum of the MBA in Business Analytics Abroad

The course curriculum varies from country to country and institute to institute. However, there are commonalities that are shared by all.

Marketing Analytics– It focuses on analyzing the marketing activity of a certain business. Businesses use the data to understand consumer behavior patterns, which in turn helps them to plan out their strategies, such as marketing campaigns, packaging designs, demand, etc.

Regression Analysis– It is a statistical method that helps to identify the relationship between two different variables.

Operations management– Operations management helps in identifying the processes and tasks that need to be done to complete the activities with minimal time, money, and effort.

Data Science in Markets

Database management– Database management helps in consolidating, summarizing, and analyzing databases to bring forth the important data needed to make effective decisions.

Data Mining for Business Analytics– Data Mining creates patterns between the data sets given by the companies to analyze. These patterns are analyzed, and relationships are developed to make better decisions related to the business.

The course also covers basic subjects such as:

Leadership

Economics

Management

Marketing

Finance

The curriculum mainly focuses on analytical skills, as the data needs to be arranged and analyzed thoroughly to bring out the essentials.

Eligibility Criteria for MBA in Business Analytics Abroad

• A Bachelor’s Degree in Business, Science, Mathematics, Economics, or Computer Science is required to pursue an MBA in Business Analytics.
• Few Universities abroad require 16 years of formal education to admit a student for an MBA in Business Analytics.
• Some Universities take specific admission test and/ or an interview

Admission Requirements for MBA in Business Analytics 

Documents Required

• Three letters of recommendation or a statement of purpose may be required for getting admission for an MBA in Business Analytics.
• Few Universities require candidates to have previous work experience. However, it is not mandatory.
• Academic Transcripts of all the universities previously attended by the candidate is required for admission.
• English Proficiency Tests – TOEFL and IELTS is required for admission
• GRE or GMAT may be required.
• A Student Visa
• Letters of Recommendation and a statement  
• A Valid passport
• Photographs
• An updated Resume

Admission Process for the MBA in Business Analytics

• Research and Selection – Search for different Universities that offer the MBA in Business Analytics Course, research various aspects related to the course such as Curriculum, duration, location, fees, scholarships available, requirements, etc., and select the most appropriate one that aligns with your career goals.
• Prerequisite Requirements – Find out the requisite requirements that need to be met. Some universities may have a specific set of requirements that should be met.
• GMAT/GRE Scores – Most of the MBA programs abroad require the GMAT – Graduate Management Admission Test or GRE – Graduate Record Examinations score. Find out the specific score threshold that your selected university asks for and fulfill them.
• IELTS/ TOEFL – As most of the colleges and universities that offer MBA in Business Analytics are situated abroad, English is the main speaking language. International applicants whose native language is not English are required to submit IELTS or TOEFL scores.
• Submit all the official academic transcripts of the previous universities attended.
• Submit the Recommendation letters from individuals who may speak of your qualifications and abilities.
• Submit an updated resume and a statement of intent.
• Fill out the application form carefully and pay the application fee
• After thorough reviewing, the university may ask you for an interview.
• Wait for the acceptance decision.

Cost of Studying for the MBA in Business Analytics

Tuition fees abroad

The tuition fees for the course MBA in Business Analytics vary from country to country and institute to institute. Below are a few fee structures of universities offering MBAs in Business Analytics.

Massachusetts Institute of Technology offers an MBA in Business Analytics for $ 77,168

University of Chicago offers an MBA in Business Analytics for $ 74,000

Duke University offers an MBA in Business Analytics with specializations for $ 72,000

Cost of living abroad - 

The cost of living abroad may vary from country to country. A general cost altogether has been showcased below:

Scholarships for Pursuing the Course Abroad

Following is a tabular representation of various scholarships that a student can avail of during his/her course of study.

Job Scope for the MBA in Business Analytics

After completing an MBA in Business Analytics, a plethora of opportunities open up for students. They can join private or government organizations at quite a high pay. 

Private organizations hire individuals who have knowledge of Business analytics to support their business, which in turn enables them to earn higher profits.

Following is the list of jobs that a student can get after an MBA in Business Analytics.

Business Intelligence Analyst - $ 70,000 - $ 90,000

Data Analyst - $ 60,000 - $ 70,000

Big data Engineer - $ 80,000 - $ 90,000

Business Analytics Consultant - $ 90,000 - $ 100,000

Data Engineer - $ 60,000 - $ 70,000

Data Scientist - $ 60,000 - $ 70,000