About Master’s in Business Analytics in the USA
The MS in Business Analytics is a sought-after postgraduate degree in the US. This program opens doors to careers in finance, technology, healthcare, and consulting. It also leads to opportunities in unique fields like sports and entertainment.
MSBA programs train you on how to collect, analyze, and use big data to make business decisions. The idea is to take current (and past) data, to make changes for the future of a business. Just as an example, say you’re an MSBA grad who works in pharma. You’d take the data from new drugs, or new studies, and analyze it to see what’s working and what’s not. Or, if you work in one of the non-conventional fields like entertainment, you’d look at things like on what days your theme park performs the best.
Now the MS in Business Analytics in the USA is a quant-focussed degree and is considered to be a specialized master’s. As a result, MSBA degrees require applicants to have taken advanced math in their undergraduate course — with calculus. It’s quite common for graduates to get high-paying ($90,000+) jobs after an MS in Business Analytics in the US.
Top universities in the USA for an MSBA
In the 2024 QS University rankings, a mind-boggling 63 of the 150 best MSBA programs were in the United States. The UK was second, with 21 out of 150, Australia third with 15, and France was fourth with a respectable 11. However, four of the 10 top colleges for an MS in Business Analytics are in the US.
You can’t go wrong if you pursue your MS in Business Analytics in the US. With that said, here are the top universities for an MS in Business Analytics in the US.
| QS Rank | University Name | Location | School Name | Degree Name |
| 1 | UCLA | Los Angeles (CA) | Anderson School of Management | Master of Business Analytics |
| 2 | MIT | Cambridge (MA) | Sloan School of Management | Master of Business Analytics |
| 5 | Duke | Durham (NC) | Fuqua School of Business | Master of Quantitative Management: Business Analytics |
| 9 | Texas | Austin (TX) | McCombs School of Business | Texas McCombs Master of Science in Business Analytics |
| 11 | USC | Los Angeles (CA) | Marshall School of Business | Master of Science in Business Analytics |
| 16 | Washington | Seattle (WA) | Foster School of Business | Master of Science in Business Analytics |
| 21 | Purdue | West Lafayette (IN) | Krannert School of Management | MS Business Analytics and Information Management |
| 23 | Minnesota | Minneapolis (MN) | Carlson School of Management | Master of Science in Business Analytics |
| 25 | Boston University | Boston, (MA) | Questrom School of Business | Master of Science in Business Analytics (MSBA) |
| 30 | Texas A&M University | College Station (TX) | Mays Business School | Master of Science in Analytics |
| 34 | UC San Diego | San Diego (CA) | Rady School of Management | Master of Science in Business Analytics |
| 36 | University of California | Davis (CA) | UC Davis Graduate School of Management | Master of Business Analytics |
| 38 | Maryland | College Park (MD) | Robert H. Smith School of Business | Maryland Smith Master of Science in Business Analytics |
| 39 | Arizona State | Tempe (AZ) | W. P. Carey School of Business | MS Business Analytics |
| 40 | George Washington University | Washington, D.C | GWU Business School | MS in Business Analytics |
| 47 | UC Irvine | Irvine (CA) | Paul Merage School of Business | Master of Business Analytics |
| 51-60 | Arizona | Tucson (AZ) | Eller School of Management | Master’s of Science in Business Analytics |
| 51-60 | University of Colorado Boulder | Boulder (CO) | Leeds School of Business | Masters of Science in Business Analytics |
| 51-60 | Rochester | Rochester (NY) | Simon Business School | MS in Business Analytics |
| 51-60 | University of Illinois at Chicago (UIC) | Chicago (IL) | Liautaud Graduate School of Business | MS in Business Analytics |
| 61-70 | Case Western | Cleveland (OH) | Weatherhead School of Management | Master of Science in Business Analytics |
| 61-70 | Syracuse | Syracuse (NY) | Whitman | MS Business Analytics |
| 61-70 | UT Dallas | Dallas (TX) | Naveen Jindal School of Management | Master of Science in Business Analytics |
| 71-80 | Georgia State | Atlanta (GA) | J. Mack Robinson College of Business | MS Business Analytics |
| 71-80 | Rensselaer Polytechnic | Troy (NY) | Lally School of Management | MS in Business Analytics |
You can access the official QS Universities Ranking list on this link. It is a list of the best MS in Business Analytics programs in the US, and how they rank globally as well.
Next up, we’ll talk about the curriculum of an MS in Business Analytics in the US, and what you can expect to learn.
Course curriculum for an MS in Business Analytics in the US
This section covers the course content of an MSBA program. To understand the syllabus, we analyzed the curricula of the top 5 MSBA programs in the US.
While each university offers a unique approach to the MSBA curriculum, we found significant overlap among the five programs we reviewed. Here is what you can expect to study as part of your MS in Business Analytics in the US.
| Curriculum Component | Skills Acquired | Description | Included in |
| Statistical Analysis & Quantitative Methods | Ability to analyze and interpret complex data sets. | This module is included in all programs and teaches students how to collect, process, and understand data to make informed business decisions. | 5/5 |
| Machine Learning & Advanced Analytics | Use of predictive models and algorithms for data analysis. | Covers both supervised and unsupervised learning to predict outcomes and automate responses, found in all reviewed programs. | 5/5 |
| Programming for Data Science | Computer skills for data analysis, mainly Python and R. | Equips students with programming tools necessary for effective data analysis, included in all programs. | 5/5 |
| Data Management & Big Data Technologies | Handling SQL databases for data structuring, storage, and retrieval. | Focuses on efficient handling and storage of data using technologies like SQL and NoSQL databases, featured in most programs. | 5/5 |
| Optimization Techniques | Use of data insights to improve business operations using math models. | Teaches the most efficient ways to allocate resources and streamline operations using linear and nonlinear models, included in most programs. | 4/5 |
| Business Ethics & Data Governance | Ethical considerations and governance in data usage. | Focuses on the ethical and legal aspects of handling data, covered in the majority of programs. | 4/5 |
| Capstone Project/Internship | Applying classroom skills in real-world settings. | All programs include a mandatory internship or capstone project to provide practical, hands-on experience by solving real-world problems. | 5/5 |
| Communication & Persuasive Data Presentation | Effective presentation of complex data to non-technical audiences. | Teaches students how to effectively communicate their findings to individuals without technical knowledge, included in most programs. | 4/5 |
The only other point to mention is that the electives you take can impact the fees for an MS in Business Analytics in the US, so bear that in mind. Now that we’re done with the curriculum, let’s understand the eligibility for an MS in Business Analytics in the US.
Eligibility for studying an MSBA in the US
An MS in Business Analytics in the USA (and elsewhere) is a very specialized course. Because of that, the entry requirements are more stringent than, say, a general-purpose MBA. Here are the requirements for an MS in Business Analytics in the US.
| Prerequisite Category | Details | Requirements |
| Bachelor’s Degree | An undergraduate degree from an accredited institution is required. | Preferably with a strong quantitative background (i.e. economics, math, finance, science, engineering, etc). |
| Prerequisite Courses | Courses in Linear Algebra, Multivariable Calculus, Statistics, and Probability are often required. | These courses ensure a solid foundation in essential quantitative skills. |
| Computer Programming Knowledge | Proficiency in programming languages like Python, R, SQL, or Java. | Some programs may also expect familiarity with C++. UCLA, MIT, UTD, and Texas McCombs emphasize this. |
| Standardized Academic Tests | GRE or GMAT scores are required. | You cannot pursue an MS in Business Analytics in the USA without GRE or GMAT scores. |
| English Proficiency Tests | TOEFL or IELTS scores are mandatory for non-native speakers. | Waivers are available if the undergraduate degree was entirely in English and lasted at least four years. |
| Professional or Academic Recommendations | At least one letter of recommendation (LOR) is required, with two preferred. | If two professional LORs are unavailable, one professional and one academic may be accepted. |
| Statement of Purpose (SOP) | An SOP is typically required. | This document should articulate your interest and preparedness for the program. |
| Work Experience | Relevant work or research experience in a quantitative discipline can strengthen an application. | Not always mandatory, but highly beneficial. |
And with that, we come to the end of the section on the eligibility for an MS in Business Analytics in the US. In the next section we’ll cover the GMAT and GRE scores that you would require to enroll in the program.
GMAT/ GRE requirements for studying an MSBA in the USA
When applying for an MS in Business Analytics in the US, universities heavily focus on your ability to handle quantitative tasks. This ability is assessed through standardized tests like the GRE or GMAT. Note: the GMAT is particularly valued as it is more oriented towards quantitative skills.
Several top universities, including UCLA, Boston University, UTD, and MIT, accept GRE scores for MSBA applications.
For instance, the average GRE Quantitative score for an applicant at UCLA is 167, while at Boston University, which ranks 25th on the QS list for this program, the acceptable score is 166. This data helps illustrate the competitive nature of these programs at high-ranking institutions.
On the other hand, some universities do not require the GMAT or GRE for admission.
For instance, the University of Texas at Austin, ranked 9th, clearly says that the GMAT and GRE are optional for MSBA admissions.
Scholarships to study an MS in Business Analytics in the USA
Firstly, there are scholarships offered by the government of India (and other corporations) to Indians looking to study overseas. Below are some examples of these.
| Source | Scholarship Type | Details |
| J. N. Tata Endowment | Loan Scholarships | Offers loan scholarships to Indian students for postgraduate studies abroad. |
| Government of India | Various | Scholarships offered by different Indian government ministries and bodies. |
| Inlaks Shivdasani Foundation | Overseas Scholarships | Awards scholarships to young Indians for full-time Master’s, MPhil, or Doctorate programs at top global institutions. |
| Tata Trusts | Merit and Need-Based | Provides scholarships for Indian students pursuing higher education in India and abroad. |
| Fulbright-Nehru Master’s Fellowships | Merit-Based | Provides outstanding Indians the opportunity to study at selected USA. colleges and universities in selected areas, including Business Analytics. |
However, the level of competition for these scholarships is rather high. It’s not uncommon to see more than 10,000 students applying for just ten scholarships.
A better (and more realistic) bet would be to get funding from your target university. Most MSBA programs in the USA will be eligible for some sort of funding from the university. For instance, take a look at these scholarships, offered by various USA universities for MSBA programs.
| University | Aid Details |
| MIT | MIT Sloan provides fellowships and assistantships to admitted students based on various criteria including academic excellence and professional promise. All admitted candidates are considered for these awards, with no separate application required for most. |
| UCLA | UCLA Anderson offers MSBA Fellowships based on merit and need, automatically considered upon admission. International students can also apply for external scholarships and fellowships provided by private organizations. |
| Boston University | Boston University offers various financial aid options, including scholarships and loans. International students may need to apply with a creditworthy USA citizen or permanent resident as a co-signer. |
| Duke University | Duke University offers merit scholarships based on academic achievements, leadership qualities, community involvement, and extracurricular activities. All admitted applicants are automatically considered. International students may also apply for no-cosigner loans to cover up to 100% of their Cost of Attendance. |
And those were just some examples — there are hundreds more. Just do your due diligence and you are bound to find something that will suit your requirements.
Remember, even if you don’t get a great 50% scholarship, you can still work part-time.
Lastly, most MS in Business Analytics programs in the USA are STEM-designated. This means you can work in the USA for up to 36 months after graduating. With the high salaries offered to MSBA grads, the financial burden shouldn’t be a major cause for concern.
All of these factors contribute to lowering the cost of an MS in Business Analytics in the US. Now, in the next section, we’ll talk about the career trajectory of MSBA graduates.
Career scope of Business Analytics in the USA
The demand for skilled professionals in the field of Business Analytics is increasing across various industries in the US. As companies focus more on data-driven decision-making, MSBA graduates are landing high-paying jobs left, right, and center.
In finance, they develop models for investment strategies and risk analysis. In technology, they enhance products, create applications, and derive market insights. The healthcare industry benefits from their ability to improve patient care and manage costs effectively. Consulting roles utilize their skills to analyze data and improve organizational performance.
Additionally, non-traditional fields like sports and entertainment are also embracing analytics for various strategic purposes.
All-in-all, pursuing a Master of Science in Business Analytics in the USA is a smart move.
Top recruiters in the USA for MS in Business Analytics
Job opportunities after an MSBA are diverse, as we outlined above. The top recruiters that hire MS in Business Analytics graduates are outlined in the table below.
| Industry | Top Recruiters |
| Consulting and Finance | McKinsey & Company, Bain & Company, Boston Consulting Group, Goldman Sachs, JP Morgan Chase, Morgan Stanley |
| Technology and E-commerce | Google, Amazon, Apple, Microsoft, IBM, Facebook, Oracle |
| Healthcare and Pharmaceuticals | Pfizer, Johnson & Johnson, Merck, Novartis, Bristol Myers Squibb |
| Retail and Consumer Goods | Walmart, Procter & Gamble, Coca-Cola, Nike, Target |
| Telecommunications | AT&T, Verizon, T-Mobile, Comcast |
| Manufacturing | General Electric, Boeing, Ford Motor Company, Tesla |
| Energy and Utilities | ExxonMobil, Chevron, Duke Energy, NextEra Energy |
| Media and Entertainment | Disney, WarnerMedia, Netflix, Sony Pictures |
Next, let’s learn more about the most coveted job titles and associated starting salaries fo the roles.
Job prospects and salaries offered after studying an MS in Business Analytics in the USA
MSBA graduates find employment in various roles such as Business Analysts, Quantitative Analysts, Data Scientists, and Business Consultants. Here are some of the most common positions.
| Job Title | Salary Range (Bottom 25% – Average) |
| Data Scientist | $95,000 – $120,000 |
| Analytics Manager | $90,000 – $115,000 |
| Quantitative Analyst | $85,000 – $110,000 |
| Data Analyst | $70,000 – $90,000 |
| Business Intelligence Analyst | $70,000 – $95,000 |
| Business Analyst | $65,000 – $85,000 |
| Financial Analyst | $65,000 – $85,000 |
| Marketing Analyst | $60,000 – $85,000 |
| Operations Analyst | $60,000 – $80,000 |
The average salary after an MS in Business Analytics in the USA (for these positions) is about $84,000. However, with even a couple of years of experience and a shift to an MNC, that could cross into six-figure territory easily.
FAQs
- Do you require work experience to apply for an MS in Business Analytics in the US?
While work experience is highly beneficial and can strengthen your application, it is not mandatory for all programs. However, relevant experience in a quantitative discipline can significantly enhance your candidacy.
- Can I pursue an MS in Business Analytics in the USA without a GRE or GMAT score?
Yes, some universities do offer programs that do not require GRE or GMAT scores. It’s important to check the specific admission requirements of each university you are considering.
- How does the STEM designation of the MSBA program benefit international students in the US?
The STEM designation allows international graduates on F-1 visas to apply for a 24-month extension of their Optional Practical Training (OPT), giving them up to three years to work in the USA without an H-1B visa.
- What types of internship or practical training opportunities are typically available to MSBA students in the US?
MSBA programs often include mandatory internships or capstone projects that involve partnering with companies to solve real-world Business Analytics problems. Universities also facilitate connections with industry partners that can lead to internship opportunities in various sectors such as technology, finance, and healthcare.
