Career Destinations for Business Analytics
Opportunities for business analysts have exploded as major organizations have adopted data-driven and technology-focused approaches. 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.