By some estimates, 90 percent of existing data has been created since 2011. In those four short years, the job market for those who have an MBA with analytics has exploded. Forget about getting your feet wet in the big data field – the job market needs you to dive in. If you’re thinking about getting an MBA, this the best time, and the best opportunities are for graduates of business analytics programs. Here’s why:
Companies need people who know which data to pay attention to and why
The sheer volume of data that is available these days is mind-numbing, and data in and of itself is only useful if you speak the language and can interpret the story it tells. And much of it isn’t useful until analysed with business goals in mind. The most valuable skill set you gain in a business analytics program is an understanding of which data is relevant and valuable to which kinds of companies and business goals. Earning an MBA with analytics is the best way to train yourself to think like a business person with a focus on informatics and data.
Starting pay for MBA with analytics graduates is up to $100,000
By 2018, the United States will be staring into an abyss of an estimated 190,000 unfilled data-related positions. So once you graduate from a business analytics program, be prepared – you may be recruited aggressively. Also, with demand high and supply low, you’ll find that most of your opportunities come with a high premium attached. Some experts predict that in the next half-decade, graduates with an MBA with analytics can expect starting salaries of $100,000.
Why get an MBA with analytics as opposed to an M.S. in Analytics?
A Master of Science in Analytics is a great option for those who want to focus their career paths on the technical aspects of data and data management. If you understand data, but you’re ready to move into a management role, then in addition to the informatics you will learn in a business analytics program, you will also gain valuable management and leadership skills. In essence, you’ll become a technically focused business thinker and strategist.
You can complete a business analytics program without quitting your job
Earning any kind of MBA used to require quitting your job and devoting yourself to full-time study. Most people would rather not sacrifice two years of income and career development, and some of the top business schools have responded to the demand for online MBA with analytics degrees. Today, there is a wide selection of highly ranked, well-respected business analytics programs that are available fully online. They can be completed in as little as 16 months on your schedule.
Rewarding opportunities like digital marketing manager, business intelligence strategist and market analyst abound and will only grow for the foreseeable future. Completing a business analytics program is a wise step toward a lucrative future.
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