Dissect data with an MBA in business analytics
Today, technology touches the life of the average consumer in more ways than we may realize. When purchases are made, a decision is executed or a thought is shared electronically. Technology records most transactions, directly and indirectly. The result of these digital footprints is an influx of information that is useful to various interested parties, such as marketing firms, as well as the original consumer. This data, however, is only beneficial if it is dissected correctly. The need for data analysis has created a new career track that revolves around business analytics. An MBA in business analytics can prepare you for a meaningful career and gainful employment in a sector that has been lacking well-qualified professionals. Since the rate at which technology delivers information has been quicker than the rate at which professionals are entering these new career tracks, opportunities to break into business analytics are available and promising. It is not just one industry that is in need of prepared data professionals, either. Healthcare is the largest sector vying for candidates, but corporations, small businesses and even non-profits have also begun the hunt for proficient business analysts.
What to expect while earning an MBA in business analytics
Even if you did not study computer science or information technology as an undergraduate, pursuing an MBA in business analytics is still very much a possibility. Once you go through the admissions process and are accepted into a program, testing will determine if any preparatory courses are required first. An MBA program with a concentration in business analytics will include data analytics courses that cover topics such as data warehousing, SQL, reporting and data mining. If you are already comfortable with software and coding, think of these courses as add-ons to your existing technology skills. In addition to data analytics courses, you should also expect to take core MBA courses such as accounting, finance and management.
The future is bright with an MBA in business analytics
It is an opportune time to break into a business analytics career especially for those who possess a combination of technical skills and business acumen. With room for analysts, data scientists and managers, among other top-level positions, the opportunities are vast and the benefits are attractive. Moreover, the expectation to make positive contributions is realistic. In the healthcare industry, for example, the digitizing of healthcare records is leading to an abundance of data that is now easily accessible, but messy. Since the information is arriving from a variety of sources, those who can organize, mine and interpret the data correctly may be the pioneers who develop efficient strategies that fix a significant industry problem. An MBA in business analytics is a strong credential to add to your resume. Earning this type of advanced degree proves your skills are up-to-date and that you’re able to handle the challenges of an information-based environment. As some jobs become obsolete, you can rest assured that a career involving the management of data will not disappear in the near future.
Have a question or concern about this article? Please contact us.