MS in business analytics in the USA
MS Business Analytics degrees in US universities might cost anywhere between 20,000 to 80,000 dollars (annual tuition fees). With 2.3 trillion GB of data surrounding global trade, the demand for certified competent experts who can use and analyze this data for the organization is on the rise. This dynamic 10 to 12-month course covers a wide range of statistical and quantitative methodologies, computational tools, and prediction models that can be applied in the workplace.
In the master’s in business analytics programs in the United States, the number of overseas students has been increasing. International applicants must have a relevant bachelor’s degree with a score of 80-86 percent to be admitted to the MS in Business Analytics program in the United States (depending on the choice of university). Additionally, GRE or GMAT scores are frequently required for admission to elite universities in the United States. Work experience is a necessity for pursuing an MS in Business Analytics in the United States, and certain universities may ask for it.
A business analyst’s goal is to convert large amounts of data into useful information. Corporate analytics programs teach people how to make data-driven decisions that help them achieve specific business goals. They focus on prediction and perspective techniques. Around 43 business analytics universities in the United States are among the top 100 globally ranked colleges, making the country an ideal student destination.
Business Analyst colleges in the United States are among the top in the world. The United States has outperformed other countries in both Times Higher Education and QS Rankings. In the United States, the analytics market is approximately $29.53 billion. Because it is a subject that relies heavily on critical thinking, there is a shortage of 140,000-190,000 people every year.
Foreign students who wish to study in the United States must meet the minimum eligibility requirements and submit additional documents. The sections below outline the criteria for obtaining an MS in Business Analytics in the United States.
Where to Apply: Applicants can submit their applications through the university’s graduate application portal or online application forms. Transferwise can be used to pay for application fees.
The following documents are required of applicants seeking to pursue a master’s degree in business analytics in the United States:
- Academic Transcripts: The applicant must have a four-year bachelor’s degree with a 3.4 or higher GPA.
- Exam scores for studying in the United States, such as ELP examinations, standardized tests, and other assessments.
- Recommendation Letters (2-4): Professional and academic recommendation letters are required. The individual recommending the applicant must be familiar with his or her academic and professional background.
- An applicant’s academic achievements are documented in a Statement of Purpose or essay. It also goes into great depth about co-curricular and professional achievements.
- Some institutions require a resume or work experience, which can be used to bypass the GMAT or GRE. A minimum of two years of work experience is required on the résumé.
- The F-1 visa is for non-immigrants who want to study full-time in the United States. The US Department of State issues a temporary visa for this purpose.
GMAT/GRE scores are used to assess individuals seeking admission to master’s programs abroad. GMAT/GRE scores are required by most universities in the United States that offer master’s degrees in Business Analytics. GMAT scores of 700 or higher are generally deemed adequate for admission to elite universities. GRE equivalent scores are competitive enough for admission to elite universities in the United States.
International students who do not have strong GRE/GMAT scores or who have not yet taken the exam but want to apply for an MS in Business Analytics in the United States can do the following:
- With a high GPA, you can acquire a GMAT/GRE waiver. Although it is extremely rare for overseas students to receive a GMAT/GRE waiver, some international applicants who excelled in undergraduate studies may be eligible.
- Enroll in colleges and universities that do not require GMAT/GRE scores: GMAT/GRE scores are recommended by a number of elite universities, although they are not required. North Carolina State University, University of Rochester, DePaul University, and Suffolk University are just a few of the well-known universities and colleges that offer the program to international students without requiring GMAT/GRE results.
- Job Experience: Some institutions will admit international students with work experience without requiring them to take the GRE or GMAT. In such circumstances, the candidate should present past work experience documents, a letter of recommendation from the previous employer, and a minimum of two years of experience.
Scholarship opportunities abound for the nearly 1,86,000 Indian students studying in the United States. The Fulbright-Nehru Master’s Fellowship, which funds master’s students, is an Indian counterpart to the Fulbright Foreign Student Program. For students in need of financial assistance, the Hubert Humphrey Fellowship Program is available. The following are the scholarships available to Indian students in the United States:
- Fullbright Masters Scholarship
- GoClean Scholarships
- AAUW International Fellowships
- BrokerFish International Student Scholarship
- Inlaks Shivdasani Foundation Scholarship
Obtaining an MS in business analytics in the United States is an excellent idea not just because the country has some of the greatest higher education institutions, but also because there is a growing demand for trained employees. Here’s a look at how the business analytics market in the United States is expected to grow:
- Around 140,000-190,000 experienced individuals with profound analytical skills are needed in the United States.
- The curriculum is quite flexible, and students have the option of transferring credits, making the United States a popular study destination.
- The industry’s overall data is expected to rise by 40%, bringing the total number of experts required to roughly three million.
- Within 3-6 months after graduation, graduates from business analytics universities in the United States received job offers.
- In the United States, the employment of business analysts is expected to grow by roughly 22% between 2010 and 2020. This means that approximately 15,000 new jobs are projected to be created in the field each year.
These statistics indicate that after completing their studies in the United States, the student will have a chance to wait for them. It also demonstrates how studying in the United States can benefit a student’s life.
Author Bio: Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP, and managed to scale it up by 400% in just 2 years.
Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create Mentr Me, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.
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