Bea Fans TeamBusiness analytics refers to the knowledge, technology, and techniques used to study and research historical business performance to provide insight and information for future business planning.
It focuses on developing concepts and analyzing business performance through data collection and statistical methods.
While business intelligence applies a consistent approach to assess past performance and drive corporate strategy, business analytics employs complex analytical modeling and numerical analysis.
Explanatory and predictive modeling, as well as fact-based modeling, are employed to influence decision-making. Furthermore, it is closely linked to management science.
Analytics can sometimes be used as input for human assessments or to drive entirely automated conclusions.
After carrying out an in-depth study about Masters in business analytics, we have creatively put all of that in this article.
This article gives a detailed explanation about business analytics, Masters in Business analytics an various scholarship requirements.
Keep reading!
Masters in Business Analytics Overview
The United States has recently become one of the most popular destinations for international students looking to study abroad.
The reason is not far-fetched. According to QS rankings, the country has many of the world’s greatest universities, including the current number one.
According to Statista, the United States had roughly 948,519 students enrolled in the 2021/22 session.
This is an increase over the previous year, when 914,095 international students were registered.
The country also provides world-class education, skill development, a multicultural environment, and other advantages to international students.
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Masters in Business Analytics Scholarship for International Students
With tuition fees as high as 90,600 USD (74.98 lakh INR) each year, scholarships are essential for Indian students pursuing an MS in Business Analytics in the United States.
Some scholarships waive tuition and cover additional expenditures. Here’s a list of prominent Masters in Business Analytics scholarships for international students:
- Fulbright Nehru Masters Scholarships
- AAUW International Fellowships
- Inlaks Shivdasani Foundation Scholarship
- Broker Fish International Student Scholarship
Studying MS In Business Analytics In The US
MS in Business Analytics is considered a STEM course in the United States. This subject includes Strategic Management, Information Systems Methods, Fundamentals, Project Management, Business Research Projects, Digital Twins, the Internet of Things, Business Intelligence, and Applied Systems Analysis.
A master’s degree in business analytics takes two years to finish and has an average tuition cost of 20,000 USD to 27,000 USD. However, prices vary by university.
Advantages of Pursuing an MS in Business Analytics in the United States.
Today’s emergence and use of technology have led to the formation of various businesses.
As a result, the corporate sector has grown more competitive and complex. Businesses must progressively analyze the results of data analysis to make informed and productive decisions.
For this reason, there is a growing demand for specialists in this field, and it’s no surprise that international students are drawn to it.
As an international student pursuing a degree in business analytics, you will enjoy the following benefits:
- Career Opportunities: Graduates of business analytics programs in the United States can obtain internships and employment.
- The Bureau of Labor Statistics (BLS) predicts an 11% growth rate for business analytics occupations between 2021 and 2031.
- Wholesome learning experience: As previously said, the United States boasts some of the best universities in the world. This means that students studying here will gain valuable knowledge and skills from industry specialists. Furthermore, the presence of significant enterprises facilitates students’ access to opportunities with these companies. Furthermore, having a degree from the United States will appear well on your resume.
- Opportunities for Work After Study: Because business analytics is a STEM course, international students can acquire a three-year post-study work permit upon graduation from university. This reinforced their classroom experience by allowing them to work for leading firms based on how well they performed.
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Eligibility requirements for an MS in Business Analytics in the United States.
To study business analytics at the master’s level overseas, students must meet the following requirements:
Furthermore, keep in mind that the prerequisites indicated below may differ depending on the university’s unique requirements.
It is assumed that they hold a good GPA in a related field. The minimum grade is 3.0-4.0 on a 4.0 scale. However, this may vary based on the criteria utilized by each university.
Standardized tests, such as the GRE and GMAT, are essential for entrance to a master’s degree in the United States.
The minimum criterion is 300, although the score varies according to the university’s criteria.
Because America is an English-speaking country and business analytics is taught in English, all students are required to demonstrate their English proficiency by completing exams such as IELTS, TOEFL, and PTE. The minimum expected score is 6, or its equivalent on other tests.
Résumé: Applicants must also provide an updated résumé that highlights previous job experience.
Your CV should also be written appropriately and without errors. If applicants have sufficient relevant experience in the subject of study, universities may waive the GRE requirement.
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Important Documents Required for Masters of Business Analytics Scholarships for International Students
In addition to completing the eligibility requirements, candidates should preserve the following documents to facilitate the application process: These documents include:
- Academic transcripts (10th, 12th, and bachelor’s)
- GRE, GMAT, SAT, ACT, and other entrance exam scores (as required by your desired university).
- English proficiency exam results (such as IELTS, TOEFL, and PTE)
- Two letters of recommendation (LORs)—one from the prior educational institution and one from the workplace.
- A well-drafted SOP (Statement of Purpose)
- A valid passport (must be valid till your whole course duration)
- Updated CV
- Certificate of Work Experience
- Proof of funds
- Two passport-sized photographs
MS in Business Analytics in USA Admissions
MS in Business Analytics programs in the United States are often offered in the fall and winter semesters.
International applicants who want to study in the United States must meet the minimum eligibility standards and submit additional papers. International students seeking admission to MS Business Analytics in the United States must hold a four-year bachelor’s degree or a three-year equivalent.
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FAQS
Is getting an MS in Business Analytics in the United States worthwhile?
In the United States, an MS in Business Analytics is a highly regarded program. The degree is acknowledged by top employers in the business analytics field.
Students with an MS in Business Analytics in the United States can work as data scientists, data analysts, analytics consultants, business analysts, and others.
Which university is best for MS?
The Massachusetts Institute of Technology is currently the finest university in the United States for pursuing an MS in Business Analytics.
UCLA, UT Austin, and Arizona State University are just a few of the many prestigious universities that offer Masters in Business Analytics.
Is MS in Business Analytics considered a STEM course in the United States?
Yes. MS in Business Analytics in the United States is a STEM degree program. The MS in Business Analytics, one of the top STEM courses in the United States, teaches data mining, data visualization, large data set analysis, statistical modeling, and other related areas.
Is the GRE essential for pursuing an MS in Business Analytics?
The majority of universities in the United States that offer an MS in Business Analytics need high GRE scores.
To be considered for admission, candidates must have a GRE score of around 167 in both verbal and quantitative. Alternatively, a few universities accept GMAT scores between 650 and 740.
How long does it take to earn a Master of Business Analytics in the United States?
In the United States, MS in Business Analytics programs typically last 8 to 12 months. The program is designed for working professionals who desire to pursue an expedited master’s degree.
Bea Fans Team
