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Masters in Business Analytics in USA

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Published dateDecember 18, 2024Read time8 Min Read3,395 views
Masters in Business Analytics in USA

Table of Contents

In today’s days, business organizations rely mostly on data. This helps businesses ensure smooth and successful operations. The demand for studying business analytics is growing exponentially. It is a study of analyzing business data available and assessing these data with the organization’s current performance, and suggesting possible ways to improve an organization’s long-term visibility.

Study in USA, especially to pursue a master's in business analytics provides graduates with ample job prospects and research opportunities. The program includes coursework in specific areas, like forecasting data, statistical modeling, data mining and visualization, and a lot more. You will learn to utilize a variety of techniques and tools to analyze a large set of data that will help you gain insights to improve a business operation.

Why Choose the USA for Business Analytics?

MS in Business Analytics is a high-demand course in the USA. This is because the Data Analytics domain in the United States has an approximate worth of USD 35 billion. As an outcome, the Business Analytics industry needs to hire 30% of international graduates with an MSc/MS in business analytics. Moreover, the average salary of graduates in business analytics was around USD 95,000 PA. Let’s see why you should choose US Universities for studying Masters in Business Analytics.

  • The United States is a country with some of the top-ranked universities in the world that offer MS degrees in various disciplines.
  • The US is renowned for having top-notch universities in the world, like UCLA, MIT, Michigan State University, and Chicago, to name a few.
  • US Business Analytics market and research opportunities are growing by leaps and bounds.
  • The US business schools are the best in the world for providing bespoke education and exposure.
  • The universities focus on preparing domestic and international students for real-world challenges.

Studying Masters in Business Analytics in the USA, you will be able to hone your business analytical skills by learning from world-renowned faculty and industry leaders who come with extensive experience, training, and research in their field.

MS in Business Analytics: Degree Highlights

Degree Program

Master of Science in Business Analytics

Type of Program

Full Time

Duration of Program

One Year

Eligibility Criteria

4 years bachelor’s degree or 3 years equivalent

GPA

3.0 to 3.6 on a 4.0 scale, approx. 83 to 89 percent

English Proficiency Requirement

TOEFL 79 to 105

Tuition Fees

40,000 to 90,000 USD, equivalent to up to 74 lakh INR

Average Salary

75,000 USD, equivalent to 61 lakh INR

Top Employers

Capital One, AIG, Morgan Stanley, American Express, etc.

MS in Business Analytics in USA: Admission Requirements in 2024

US Universities offer PG-level programs for studying business analytics. International students must go through the detailed eligibility criteria and admission requirements, before applying to a university in the USA. The admission process/requirements, GRE/GMAT scores, and ELP test scores.are as follows.

Universities

Academic Requirements

GRE or GMAT score

Additional Requirements

ELP test scores

MIT(Sloan)

3-year UG accepted no minimum GPA (average 2020 - 3.9)

Average GRE quant - 168

Interview, work experience

TOEFL - 90, IELTS - 7.0

The University of Texas at Austin (McCombs)

87-89 %

Minimum GRE quant – 157

Work experience is preferred but not compulsory.

TOEFL - 100, IELTS - 6.5

University of Notre Dame

Statistics and two business courses

GMAT required

2-year work experience

TOEFL - 94, IELTS - 7.0

Arizona State University

87-89 %

GRE - 310, GMAT - 641

work experience of 2 years

TOEFL - 80, IELTS - 6.5

University of Minnesota (Carlson)

80-82 %

Required

Computer programming skills, work experience preferred

TOEFL - 105+(iBT), IELTS - 7.0

UCLA

3.0

GRE quant - 167 (minimum), GMAT - 710

Two-year work experience

TOEFL - 87, IELTS - 7.0

Michigan State University (Eli Broad)

87-89 %

GMAT - 650

Applicants having a GPA of 3.25 or higher will get a GMAT waiver. Computer programming language required.

TOEFL-100, IELTS-7

Carnegie Mellon University (Heinz College)

No minimum requirement

GMAT or GRE scores

Interview

TOEFL - 84, IELTS - 7.0

UC San Diego

3.0

No minimum requirement

5-year work experience

TOEFL - 105, IELTS - 7.0

UC Davis

3.0

GMAT - 718

TOEFL - 105, IELTS - 7.0

MS in Business Analytics in USA: Eligibility Criteria

Eligibility for Business Analytics in the USA requires a combination of technical, analytics, and communication skills, besides a UG degree. Some universities also ask for relevant experiences.

Also, the eligibility criteria depend on the specific University you apply. The table given above will help you know how eligibility differs from one to another institute. In general, the following criteria or qualifications are needed to study in USA if you are planning to pursue a Masters in Business Analytics.

  • A UG degree is required to start a career in business analytics.
  • A degree in engineering, computer science, statistics, economics, business, or mathematics is preferred. Some institutions may require a master's degree in a relevant field.
  • Knowledge of programming languages such as R, Python, and SQL is often asked by the Universities.
  • One needs to have strong analytical and critical thinking skills, business skills are required, but not mandatory.
  • One needs to have effective communication skills to be able to explain intricate data insights to non-technical people.
  • Some universities ask for relevant work experience or internships in data analysis, business intelligence, or related fields, but that is not always mandatory.

MS in Business Analytics Exam Score Requirements

For admission to Masters in Business Analytics in any of the Universities in the USA, prospective students need to have a 4-year bachelor's degree or its 3-year equivalent in a relevant program. Also, one needs a minimum GPA of 3.0 to 3.66 out of 4.0 (83-92%), a GRE score of 167 in verbal as well as quants, or a GMAT score between 650 and 740.

MS in Business Analytics in the USA: Tuition Fees in 2024

MS in business analytics in the USA tuition fees vary from University to University. The average tuition fee is around 40,000 to 90,000 USD, equivalent to up to 74 lakh INR. This program ensures a lucrative return on investment with graduates earning an average salary of 75,000 USD, equivalent to 61 lakh INR.

Cost of Living in the USA

The USA is a vast as well as diverse country in the world with a wide array of living costs. However, the cost of living in the USA significantly varies on the state, city, or location you choose to dwell in. The table will help you understand how much can be your living cost.

Expenses

Avg. Monthly Costs in USD

1 bedroom apartment rent

USD 1500 to USD 2500

Utilities, such as – electricity, cooling system, water, garbage, heating, etc.

USD 150 to USD 300

Groceries

USD 300 to USD 500

Eat out

USD 150 to USD 300

Transportation, such as – public, gas and insurance

USD 100 to USD 300

Health insurance

USD 200 to USD 600

Entertainment

USD 100 to USD 300

Phone and Internet

USD 80 to USD 150

Clothing

USD 50 to USD 150

Miscellaneous

USD 100 to USD 200

MS in Business Analytics in USA Scholarships in 2024

Studying MS in the USA is no doubt expensive. With tuition fees ranging as high as 40,000 to 90,000 USD, equivalent to up to 74 lakh INR per annum, scholarships are needed for many international students, so that they can cut their expenses while studying abroad.

Here is a list of the top five scholarships offered by different organizations and institutions for international students to study MS in business analytics in the USA.

Scholarships

Eligibility

Value of Award

Fulbright Nehru Masters Scholarships

Need four years UG degree or equivalent with three years full-time experience.

Full tuition fees

AAUW International Fellowships

Students with a United States equivalent UG degree and already applied for the proposed University.

USD 20,000 to USD 50,000

Inlaks Shivdasani Foundation Scholarship

Indian citizens by birth with a valid passport born after 1st January 1992. Need an overall grade of 65 percent.

Up to USD 1,00,000

Broker Fish International Student Scholarship

Easy required with application 500 to 1000 words.

USD 1,000

Wrapping It Up

If you want to study MS in business analytics abroad, the USA can be the perfect destination for several different reasons. The USA is one of the best and most trusted destinations for studying business analytics courses in terms of advanced education, training, development, research, and exposure. With potential funding options/scholarships, you can complete your master's degree in business analytics from one of the best Universities and push your career to the next level.

Also Read More About: MBA in USA For Indian Students

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