3 reasons a master’s in business analytics could be a better investment than an MBA if you’re looking to boost your career and salary

August 13, 2019

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A master’s of science in business analytics is a program that allows students to obtain technical and business skills within one year.
It grew in popularity around five years ago, and has since experienced a global 300% increase in applicants, according to education research firm QS Quacquarelli Symonds.
There’s growing demand from top employers for graduates with this degree.
Experts told Business Insider that there are three main factors that should drive the decision to obtain an MSBA: time and cost; work experience; and access to resources.
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While MBAs continue to be a popular offering for executives looking to take their careers to the next level, the fairly new master’s of science in business analytics has become a strong competitor.

The degree has seen a surge in popularity within the past five years, with top-ranked schools like MIT Sloan, Carlson at the University of Minnesota, and McCombs at the University of Texas offering the program. Global applications have grown 300%, according to education research firm QS Quacquarelli Symonds. Deans of these schools say graduates can expect jobs in data science, quantitative analytics, and data business analytics at top companies like Apple and Amazon.

In exclusive interviews with Business Insider, several experts listed why the MSBA might be a better fit for some than an MBA. Here are the top three reasons.

Think about how much time and money you’re willing to spend.

MSBA programs tend to be a year in length instead of two or more, so students generally save half the cost and time required by an MBA.

The initial investment leads to starting salaries upwards of $70,000 for graduates. That number could be even higher if you’re a domestic student.

“The interesting thing is that if you have a US student who’s coming to this program, starting salaries …read more

Source:: Business Insider

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