Business Analytics is a growing field that focuses on using mathematical and statistical models, software, and data to improve business operations and make smarter decisions. A number of companies are turning to analytics to understand their competition, create effective strategies, and increase operational efficiency. With more and more businesses becoming data-driven, those who are skilled in the field are in high demand.
To become a Business Analyst, one must have an understanding of markets, economics, and data management. They also need to be proficient in mathematics. Moreover, successful organizations must have employees who are capable of using business analytics to gather, interpret, and analyze data. Fortunately, there are many programs that can help you acquire this knowledge and skills.
In order to learn the skills needed for an entry-level position, it is important to enroll in a degree program that provides students with an in-depth background in quantitative methods. Programs generally train on business intelligence tools, such as data analysis and modeling, and require a wide variety of classes, including accounting, economics, statistics, and pre-calculus.
Some programs, such as the USF Business Analytics program, teach students how to apply the fundamentals of management to achieve peak business performance. Students also learn how to improve the decision-making process across different industries and improve customer loyalty and operational efficiency. These classes are not just classroom learning, however; the professors are consultants who provide real-world guidance.
The Master of Science in Business Analytics (MSBA) is a program that teaches students to apply analytical skills to analyze and interpret data and to create useful information for decision-makers. Specifically, the program provides students with a strong foundation in predictive modeling and segmentation analysis. It is run by the EQUIS-accredited Bath School of Management and offers a comprehensive skill set that prepares graduates for success in the emerging field.
Graduates can choose from a number of career paths. One path involves working as a data analyst, while another leads to a position as a researcher, consultant, or entrepreneur. Others are drawn to the field because of its greater earning potential, and still others want to understand how the business world works. Whatever the reason, Business Analytics can be a great way to advance a business career.
For those who prefer a more hands-on approach, a Business Analyst Certificate is available from Noble Desktop. Designed for those with an interest in data visualization, the certificate combines live instruction with an online course. This certificate will teach you to use data to solve business problems and develop strategic plans. Those with a graduate degree may opt to take a Business Analyst Co-op for an extended period of practical experience.
There are also many opportunities to pursue a Master of Science in Business Analytics online. This MSBA provides students with the necessary skills to lead change in data-focused industries. Throughout the online program, students will learn the basics of management, the principles of data analysis, and how to provide useful information to decision makers.