As per the U.S. Bureau of Labour Statistics (BLS), Business Analyst is an in-demand career path in the US that can expect a job growth rate of up to 25% by 2030. Many international students pursue MS in Business Analytics (MSBA) from a popular overseas destination, the USA, to build a bright career. So, let’s find out some interesting details about MS in Business Analytics in the USA through this guide.

Key Highlights

• What is a Master in Business Analytics in the USA?
• Benefits of studying MS in the USA
• Top 10 universities for MS in Business Analytics in the USA
• MS in Business Analytics in USA requirements: Eligibility criteria
• Career prospects after MS in Business Analytics course in the USA

What is a Master in Business Analytics in the USA?
Master in Business Analytics is an emerging STEM (Science, Technology, Engineering, and Mathematics) program that equips students with the tools and techniques required to analyse big data sets, draw insightful conclusions and drive business growth. The curriculum focuses on three areas - Statistics, Data Management and Analytical Methods.
The general duration of the program ranges between 1-2 years, but it may vary from one university to another. Students will study modules like Data Analysis, Applied Forecasting, Programming, and Data Mining for Business Applications, to name a few, during the program. Summer, Spring, and Fall are the three academic intakes in the US universities for the MSBA program.

Benefits of studying MS in the USA

• The USA is home to the world’s top-ranked universities that offer contemporary master’s degree programs with a major focus on project-based learning.
• The industry leaders and trained faculty members teach masters in the USA. This eventually hones students’ domain knowledge and soft skills and makes them career-ready.
• The country not only offers a good learning environment but better job opportunities in terms of salary and growth.

 

Listed below are the top US universities along with their Quacquarelli Symonds (QS) World University Rankings and Times Higher Education (THE) World University Rankings:

S.No.	Name of the University	QS Rankings 2023	THE Rankings 2023
1	Massachusetts Institute of Technology (MIT)	1	3
2	Stanford University	2	2
3	Harvard University	3	1
4	University of Chicago	5	9
5	University of Pennsylvania	6	10
6	Columbia University	10	8
7	University of California, Berkeley (UCB)	13	6
8	Northwestern University	14	17
9	New York University	15	15
10	University of California, San Diego (UCSD)	19	20

Pro-Tip: You can easily avail an education loan for study abroad programs like MSBA if you secure a spot in any of the mentioned universities.

MS in Business Analytics in USA requirements: Eligibility criteria
The general requirements for masters in Business Analytics in the USA are as follows:

• A 4-year bachelor’s degree with a minimum Grade Point Average (GPA) of 3 and above.
• Academic transcripts
• Graduate Record Examinations (GRE) or Graduate Management Admission Test (GMAT) scores
• English language proficiency scores of the International English Language Testing System (IELTS) or Test of English as a Foreign Language (TOEFL)
• Statement of Purpose
• Letters of Recommendation
• Work experience
• Resume
• A valid passport

Kindly note that it is possible to apply for MS in Business Analytics in the USA without GRE scores. Many universities, like Purdue University and Michigan State University, waive the GRE score requirement if applicants have a higher GPA or possess a few years of work experience. Therefore, it is advised to check the university-specific guidelines before applying.

Career prospects after MS in Business Analytics course in the USA
Studying MS in Business Analytics from a reputed US university is a worthy investment as you can easily bag a lucrative job opportunity with an average annual salary of $ 75,000 to $ 90,000 (∼INR 62 lakhs to INR 74 lakhs). Business Analytics graduates are in high demand in various industries such as banking, media & entertainment, hospitality, and IT sector, to name a few. Reputed companies like Apple, Amazon, Dell Technologies, Deloitte, City National Bank, etc., hire MSBA graduates for various job roles such as:

• Data Analyst
• Senior Data Scientists
• Business Intelligence Analyst
• Management Analyst
• Statisticians
• Data Engineer
• Operations Research Analyst

So, if you are planning to study MSBA in the US, but the financial constraint is acting as a roadblock in your academic journey, you need not worry. At Avanse Financial Services, we offer an education loan for studying abroad. Our customised education loans come with benefits like 100% finance, quick sanctions, and flexible repayment options. So, connect with us to know more about education loans for students!