Why Should I Consider a Career in Business Analytics?
In today’s data-driven global business world, companies are increasingly reliant on business intelligence. Big data is used to drive every functional part of an organization. The Elon M.S. in Business Analytics creates thoughtful, skilled managers and analysts who transform data into actionable value-adding business decisions.
- Enhance your foundational knowledge with the most up-to-date forecasting and predicative methods such as Monte Carlo Simulation
- Learn R programming software and gain the statistical skills companies are looking for right now
- Use data mining skills to organize, analyze, and project the feasibility of a business decision
- Study business fundamentals to understand how data-driven decisions impact organizational value across industries such as marketing, sports, media, and computer science
Career Destinations for Business Analytics
Opportunities for business analysts have exploded as major organizations have adopted data-driven and technology-focused approaches. You will graduate with the skills businesses need to leverage, manage, and develop data-driven solutions. Graduates will be ideal candidates for positions as in-house experts, managers, or independent consultants.
- Business analytics expertise is scarce. McKinsey Global Institute reported that by 2018 the United States could face a shortage of between 140,000 and 190,000 individuals who possess deep business analytic skills and an additional 1.5 million managers with the skill set to implement the results. Demand is high!
- 52% of corporate recruiters responding to a survey with GMAC in 2018 said they were planning to hire graduates with an advanced degree in data analysis, and data analytics was one of the top 3 job functions companies needed when hiring.
- As demand for business analysts has continued to grow, compensation has followed. The U.S. Bureau of Labor Statistics is projecting a 14% growth in business analyst jobs for the 10-year period of 2018-2028 (much faster than average job growth), with median salaries being $85,260 in 2019.