Master’s in Business Analytics in USA: Complete Guide

ms in business analytics in usa

The United States of America (USA) is one of the popular destinations for students to pursue master’s degrees. Masters in business analytics in the USA is one of the best STEM (science, technology, engineering, and mathematics) skill programs. With more than 210 prestigious universities offering courses for business analytics, the USA is one of the best study abroad destinations for masters in business analytics. Business Analytics is a process by which businesses use statistical methods and technologies for analyzing historical data.

Read on to know more about the top universities, cost, eligibility, documents, and career opportunities after masters in business analytics in the USA. 

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Why study MS in business analytics in the USA? 

  • The US Bureau of Labor Statistics (BLS) has reported a 16 percent growth in business analytics jobs by 2024. 
  • 210 top-class universities are offering business analytics courses in the USA.
  • Business analytics is a STEM program.
  • Studying in the US offers international exposure to the students to work with the global brands during the program. 
  • The salary range in the US is between INR 40,00,000 to 66,86,643. A master’s in business analytics from the US opens up lucrative career opportunities. 
  • The American universities offer a master’s degree in business analytics within 12 months. 

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List of top universities for MS in business analytics in the USA 

With a wide range of courses, excellent academic curriculum, extensive scope for research, and qualified faculty, universities in the USA are renowned for a business analytics degree. Around 210 globally ranked universities make the USA one of the best abroad destinations for business analytics. Find below some of the top universities in the US for business analytics. 

University of Rochester: With a World University Ranking of 165, the University of Rochester business analytics course is one of the major programs for STEM skills. International students choose business analytics due to the excellent faculty and research opportunities at this university.

University of Chicago: The University of Chicago’s business analytics program falls under the top 20 affordable MS in business analytics in the USA. It is one of the top-ranked and recognized universities in the US for an integrated business analytics program. 

University of Cincinnati: Business analytics at the University of Cincinnati is one of the prestigious degrees for STEM background students. To secure admission to the University of Cincinnati business analytics course, students need to have a high GRE and GMAT score. The university has the best research opportunities for international students. 

University of Connecticut: The average cost of the University of Connecticut business analytics course is around INR 14,41,166. The University of Connecticut is one of the well-renowned universities for comprehensive business analytics courses. Both undergraduate and postgraduate courses in business analytics are offered at the university. 

University of Michigan: The University of Michigan is a well-known public university in the US that offers integrated business analytics programs. The cost of the MS in business analytics at University of Michigan-Dearborn is around INR 28,93,462. 

Michigan State University: One of the ranked universities, well known for business analytics, Michigan State University holds years of excellence and research. The Michigan state university business analytics program has been ranked 83 worldwide.

Arizona state university: Arizona State University is one of the most preferred universities for business analytics. It is a public research university in the US with high scope for innovation and research opportunities. To take admission to Arizona State University MS in business analytics, one needs to get good scores in GRE and SAT. 

Drexel University: Drexel University is a private university that offers an innovative approach to business analytics modules. 21% of the students in Drexel University business analytics courses are from foreign countries, and the scope and opportunities for research and development are ample. 

University of Minnesota: A MS in business analytics is one of the most popular specializations with the highest packages in the USA. International students opt for the University of Minnesota MS in business analytics due to the affordable fee structure and industry exposure.

University of Chicago: A globally ranked university, the University of Chicago MS in analytics is one of the recommended courses for science background students. Students need GRE and SAT examination scores to take admission to this university. 

University of Texas: University of Texas, Austin business analytics course is popular and recommended as one of the highest salary packages. The cost of business analytics at Texas University is affordable. It is one of the prestigious universities in the US, with the best facilities, world-class research opportunities, and excellent academic records. 

University of Maryland: International students opt for business analytics in the University of Maryland, due to its excellent education quality and reputation. University of Maryland business analytics is one of the most recommended courses designed as per the changing trends of big data. 

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Documents required for master’s in business analytics in the USA

Students taking admission in business analytics need to provide relevant documents for admission as it is solely based on the supporting documents. Find below the list of documents to take admission in the US: 

  • Academic transcripts are important. It must include certificates and mark sheets of high school, graduation, and postgraduation. 
  • Scores of entrance examinations like GRE, GMAT, SAT, ACT, and anything that falls under the requirements for various universities. Students need to provide their English languages proficiency tests scores, like TOEFL and IELTS.
  • Letter of recommendation: Minimum of 2 letters of recommendation are accepted by the university. It should be from past employers or faculty members. 
  • Statement of purpose: A statement of purpose (SOP) is a unique document that holds a lot of importance in the admission process. It includes the purpose, goals, and expectations of the students. In an SOP, students also write about their achievements and extracurricular activities. This is the best way to convince the admission panel as to why you are the right fit over other applicants. 
  • A valid passport and various national identification proof
  • Funding resource: Students need to provide evidence about their funding options. Without funding stability, admission will not be accepted. 
  • Resume: An updated resume is important. If you have prior work experience, it may help waive off the need for GRE test scores. Many universities in the US require students with some prior experience. 
  • Photograph: Two passport size photographs
  • Application fee: For every university, there will be an application fee. The fee payment acknowledgment slip is an important document to confirm the application. 

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Eligibility for business analytics in the US

The American universities offer business analytics programs with some very common entry requisites. Students must meet the basic eligibility requirements to fulfill the admission criteria and get a chance to study in top-ranked universities. Find below some of the common eligibility criteria that are common for all the business analytics universities. 

  • An excellent academic record is an important admission criterion. Students need to have a good GPA in their bachelor’s degree and high school. The GPA requirements will not be the same for every university, it varies with the rank of the university and the course. Most US universities that offer business analytics courses have a minimum GPA requirement of 3.0-4.0 on the 4.0 GPA scale. 
  • English language proficiency test scores are important for admission. It is essential to prove English language skills for non-native English speakers to study in an English-speaking environment where English is the only medium of communication and education.
  • Schooling of 12 years from a recognized board of study is essential, without any gaps. 
  • Updated resume with some prior job experience is important. In the US, various universities waive off the GRE score requirement for students with prior work experience. 
  • Standardized entrance examinations like GRE and GMAT are important eligibility criteria for a master’s in business analytics. The minimum score requirement is 650, but it might increase for the ranked universities. Students need to check the university websites to know the score requirements for each university. 
  • Documentation is an important eligibility criterion. To be eligible, you need to have all your documents. Some of the important documents are academic transcripts and SAT, GMAT, GRE, ACT, TOEFL, and IELTS test score. Passport, identification proof, and financial proof are important. Universities need atleast two letters of recommendation and a statement of purpose. 

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Masters in business analytics in the USA: GRE requirement

Most universities in the United States that offer master’s degrees in business analytics require you to submit your GRE score. Graduate Record Examination (GRE) is a standardized and popular entrance examination that evaluates the readiness among students to enroll for a master’s degree. 

The GRE score is not common for every university. The minimum GRE score requirement is 280. However, it increases for the top-ranked American universities. International students need to check individual university GRE score requirements before applying. Here are some of the top US universities and their GRE score requirements: 

  • MIT(Sloan): GRE 168
  • The University of Texas at Austin: GRE 157
  • Arizona State University: GRE 310
  • Michigan State University: GRE: 280
  • Stanford University: GRE 310
  • University of California: GRE 310

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MS in business analytics in USA without GRE

GMAT/GRE scores are used to assess the caliber of students seeking admission to masters. However, there are possibilities that many international students do not have good GMAT and GRE scores. Various universities in the USA require prior work experience and high GPA requirements to waive the GRE/ GMAT score requirement. Below listed are some of the universities that do not need a GRE or GMAT score: 

  • North Carolina University
  • Suffolk University
  • DePaul University
  • Rochester University

Cost of studying for masters in business analytics in the USA

When it comes to studying in the US, it is always an expensive affair. However, partial and full funding opportunities have helped the meritorious and needy students to enroll in business analytics programs in the US. The average MS in business analytics in USA fees ranges from 22 lakh to 51 lakh. The public universities offer full funding facilities, while the private ones are very expensive. Studying master’s in business analytics in the USA will come with a hefty price tag, but definitely worth the investment. 

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Affordable master’s in business analytics in the US

American universities are indeed expensive, especially for STEM skills. However, there are some affordable options available for international students to take up business analytics without paying a huge tuition fee along with living costs. Some of the affordable universities in the US for business analytics are: 

  • Texas University: INR 10,12,640
  • Oklahoma University: INR 11,61,358
  • Grand Canyon University: INR 14,89,910
  • Bellevue University: INR 15,75,824

MS in business analytics in USA salary

A Master’s in business analytics is a lucrative career opportunity, especially when it is done from a prestigious American University. Being one of the leading economies of the world, the American job market is replete with lucrative job opportunities for business analytics graduates. The salary range is between INR 40,00,000 to 66,86,643 per year. 

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MBA vs. MS in business analytics

MS in business analytics is completely dedicated to studying business analytics. However, in MBA, business analytics is just a major subject of specialization. 

MS in business analytics is focused on both practical and theoretical aspects. The program focuses on hands-on experience using machine learning, software engineering, and various business problems. However, in the MBA program, the course is more theoretical with a focus on the application of data analytics in business. 

MS in business analytics is good for students from a technical background; however, for MBA in business analytics, the right students will be those that belong to business background and look out for entrepreneurship in the future. 

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Career opportunities after Master’s in business analytics in USA

  • Machine Learning Engineer
  • Data Scientist
  • Data Architect
  • Data Analyst
  • Chief Technology Officer 
  • Chief Data Officer
  • Application Architect
  • Project Manager
  • Market Research Analyst
  • Big Data Analyst

Conclusion

Pursuing a degree in business analytics from an American University opens up various career opportunities for international students. For more information regarding study abroad opportunities, get in touch with the counselors of upGrad Abroad. 

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FAQs:

Should I do MBA or MS in Business Analytics?

MBA programs focus on helping students become better managers. The course is focused on data-driven decision-making and on managing both the people and financials of a business. MS in business analytics is designed for professionals who want to work with data. The program focuses on hands-on experience using machine learning, software engineering, and various business problems.

Is MS in Business Analytics a STEM Course in the USA?

Although Business Analytics is part of the business career. A great deal of the curriculum is math and technology, so it is also regarded as a STEM course. MS in Business Analytics has been recognized as a STEM course by many universities globally.

Is Business Analytics a Good Course?

Yes! Business Analytics is a good course. The subject teaches disciplines and technologies for solving business problems using data analysis, statistical models, and other quantitative methods. Earning a Masters’s degree in business analytics will take your career to new heights.

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