What can you do with a business analytics degree?
What can you do with a business analytics degree?
Business analytics is a valuable, challenging degree with many benefits in a variety of industries. Studying this interesting subject will equip you with many sought-after skills such as data analysis, critical thinking, and communication, among others. Business analytics professionals are in demand around the world in organizations of all sectors. Read on to learn more about what you can do with a business analytics degree.
Is business analytics a good degree?
The world is seeing an unparalleled demand for data-literate professionals. Business analysts have become irreplaceable problem-solvers for many industries. For this reason, organizations will pay highly for these valuable professionals who can convert business intelligence into insights and support them to improve efficiencies.
Being a business analyst is a great career and offers the opportunity to confront challenges, learn throughout your career and make a real difference by providing recommendations to business problems. A business analytics degree can allow you into a business analytics career or many other related fields.
Business analytics careers
As a business analyst, you’ll liaise with colleagues to understand the department’s – and the whole organization’s – needs. You’ll rely on data modelling practices to analyze your conclusions and make recommendations for strategic and operational improvements. You’ll work to pinpoint the processes and IT required to introduce your suggestions and then communicate the recommendations to senior management.
Business analytics graduates can expect a starting salary of around $62,553. Once you have five years’ experience, your earnings will increase to around $83,403. Experienced business analysts can earn anything up to and above $117,000 (Talent.com).
Market research analyst
Market research analysts study the statistical data of past sales and forecast the future sales of a company’s product or service. They investigate the products or services, prices and marketing used by the organization’s competitors. The market research analysis also notifies the organization about the behavior of potential customers and comments from existing consumers. An analyst will also explain to the company about the potential risks and benefits of launching a new product or moving into a new niche.
When you begin your career as a market research analyst, you can expect to start on a salary of around $43,000. Once you have a few years’ experience, this can increase to $60,000. A senior market research analyst can earn up to $90,000 (Talent.com).
Business process analysts evaluate business requirements and create evidence-based suggestions for improvements in process. Analysts also act as mediators between executive decision makers, IT professionals and management teams to monitor performance, carry out process mapping and recognize internal inefficiencies.
As a graduate starting your process analytics career, you can expect a salary of around $64,000. Once you have some experience, this could rise to $80,000. Senior process analysts can earn over $113,000 (Talent.com).
Other careers I could follow with a business analytics degree:
- Quantitative analyst
- Operations research analyst
- Computer systems analyst
- Computer programmer
- Computer and information systems manager
Where could you work with a business analytics degree?
Business analytics graduates can work in any industry, so you can search for positions that fit your own interests and passions. As a few examples, you could work for any of the following:
- Specialist business analysis firms
- Consulting and professional service firms
- Public sector organizations
- Technology companies
- Research firms
- Larger organizations that require in-house analysts
- Set up as a self-employed business analyst
Business analytics further study
Once you’ve completed your business analytics degree, you may choose to continue on to further study rather than starting work straight away. A master’s degree can allow you to hone your skills or specialize in an area of analytics that interests you. Postgraduate study can also help you to sidestep into a different career.
Study business analytics in the USA
Why study business analytics at DePaul?
Studying a Master of Science (MS) degree in Business Analytics at DePaul University will provide you with the tools and techniques to use complex data and make decisions that influence business performance.
In this graduate degree program, you’ll learn analysis skills that can be applied to many fields and functions, including finance, marketing, human resources, operations, healthcare and hospitality.
The pathway to your business analytics career
DePaul’s Global Gateway Program is a pathway to university for international students. The program consists of academic and study skills modules combined with English language classes, to prepare you to succeed on your business analytics degree at DePaul University.
If you meet the English and academic entry requirements, you may apply to enroll directly in your Business Analytics MS degree program at DePaul.
Studying the Global Gateway Program will allow you to settle into US life with support and guidance from our dedicated staff. You can choose from plenty of organized activities and socialise with other American and international students.
Once you successfully complete the Global Gateway Program you can progress to your chosen degree program at DePaul University.
To start your journey to a business analytics career, apply today.