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Earning an MBA with a focus on Business Analytics can position you for advanced roles in the business sector and potentially lead to higher earning opportunities. This specialization covers a broad spectrum of topics within analytics, preparing you for a range of careers that leverage data-driven insights. In this article, we’ll delve into what a Business Analytics MBA involves and highlight eight career paths you can pursue with this advanced degree.
An MBA with a specialization in Business Analytics is an advanced degree designed to use data to drive strategic business decisions. While this degree focuses on business, many roles in Business Analytics also intersect with data science due to their emphasis on complex calculations and large data set analysis. Earning an MBA in Business Analytics can be highly beneficial across various industries, especially for those working in fields with significant data handling, such as accounting firms or marketing agencies.
Here are eight careers you can pursue with a Business Analytics MBA:
National Average Salary: $70,297 per year
Primary Duties: Develops and implements marketing policies, creates strategies based on industry trends, reviews data to adjust campaigns, and prepares budgets. Works closely with advertising or promotional managers to organize marketing activities.
National Average Salary: $73,812 per year
Primary Duties: Predicts investment performance, reviews financial reports for accuracy, recommends investment opportunities, and uses financial data to identify business trends. Creates financial reports to aid clients' investment decisions.
National Average Salary: $82,059 per year
Primary Duties: Provides guidance on developing financial plans, reviews budgets and financial records, researches investment opportunities, and helps clients with short-term and long-term saving and investing plans. Advises on investments and insurance options to protect and grow funds.
National Average Salary: $74,377 per year
Primary Duties: Analyzes large data sets, interprets data to inform business decisions, conducts statistical tests to identify trends, and creates readable reports. Tracks new data to spot industry changes.
National Average Salary: $69,709 per year
Primary Duties: Uses math and statistics to solve organizational challenges, develops new strategies, evaluates operations for improvements, and creates presentations to showcase proposed solutions. Collaborates with teams on data analysis and result synthesis.
National Average Salary: $77,576 per year
Primary Duties: Evaluates organizational operations, interviews staff, reviews financial data, and recommends improvements for efficiency. Suggests new systems or technologies to enhance operations.
National Average Salary: $90,713 per year
Primary Duties: Manages the entire supply chain process, including planning, sourcing, manufacturing, delivery, and disposal. Looks for cost-reduction opportunities and maintains relationships with vendors and suppliers.
National Average Salary: $87,886 per year
Primary Duties: Analyzes data to recommend business improvements, updates business intelligence tools, and creates strategies for data use. Researches competitors to enhance business intelligence practices.