Master's Degree in Business Analytics (MS) Online

Master of Science in Business Analytics

Every piece of data has a story. Figuring out how to best tell and utilize that story for the good of your business is the goal of Drexel University’s online MS in Business Analytics. With an emphasis on “good data used well,” the program focuses on preparing you to work with a much wider variety of data than is typically analyzed allowing you to gather and analyze data to tell its story with insightful, actionable conclusions. Today, on average only 15 percent of data is actually being analyzed, making it imperative that companies find candidates who are capable of analyzing a much larger array of data, like text, video and audio.

Drexel’s online MS in Business Analytics program can be completed in as little as 18-24 months.

What is Business Analytics?

“Data” is a buzzword today, but for a business to be successful, that data needs to be effectively gathered and analyzed to help inform a company’s future. The role of a business analyst is to do exactly that: they review and analyze historical data in the hopes of gathering insight that can help shape a company’s future decisions. Business analytics professionals do this through skills like data management, data visualization, predictive modeling, data mining and forecasting simulation.

Drexel’s MS in Business Analytics Online Program Features:

• Business Core - These courses provide the insight to better understand the value of analytics within business.
• Foundation Courses - The three pillars of analytics - statistics, data management and predictive modeling – provide in-depth analytical skills. These foundational courses make up the bulk of your credit hours, preparing you to tackle every step of the business decision-making process.
• Concentrations and Electives - Through your electives, you have the option to choose a concentration in either Information Systems, Statistics, or Modeling, as well as a custom concentration from a variety of disciplines at the University.
• Capstone - This project will help you to analyze and reflect on what you have learned throughout your course of study.

Whether you are interested in staying in your current field or changing careers altogether, the online master’s in business analytics program at Drexel will prepare you to provide valuable insights in a wide variety of industries such as engineering, finance, economics, technology, or marketing.

Dual Degree Options

The LeBow College of Business offers the ability to share up to 15 credits across degrees, maximizing both your time and financial investment. You can declare your second degree once you have completed at least 15 credits of your initial degree. Any of the online business degrees can be paired as a dual degree such as MBA/MS Business Analytics, MBA/MS Sport Business, or MS Business Analytics/MS Sport Business, with shared coursework usually through elective credits.

How Can I Afford an MS in Business Analytics?

While the cost of earning a master’s degree can be daunting, Drexel’s LeBow College of Business is committed to making it affordable for qualified applicants. Please visit the tuition page to learn more about scholarship opportunities available for this program as well as other cost savings programs.

What is the Difference between Business Intelligence (BI) and Business Analytics?

Business intelligence and business analytics professionals have a lot in common.  Both deal with interpreting data for the good of an organization. However, they address two different parts of the same problem: what can data tell a business about how to be successful? Professionals in business intelligence tend to focus on the past, looking at historical data to find trends that led to the company’s decisions. Business analytics professionals, on the other hand, look to the future. They look at historical data to try and project how businesses can grow and change successfully in the years ahead. 

What Does The Ms In Business Analytics Degree Consist Of?

Drexel’s MS in Business Analytics focuses on three pillars:

• Statistics - Our faculty teaches future leaders how to find value in the data. Drexel’s courses provide insights to better understand the importance of data-driven decision-making for today’s businesses.
• Modeling - Learn to model the data and use proper techniques based on the right data sets, algorithms, and variables. More importantly, you'll be able to communicate the results to executives so they understand the model and how it can benefit the business.
• Data Management - Big data is here to stay. Learn to manage and utilize big data that drives industry decision making.

Graduates of the program will be able to formulate a question or problem based on data, model the data based on the problem, analyze the data, and, most importantly, present the data to executive leadership in easy to understand language.

How Long Does It Take To EARN An Online Ms In Business Analytics?

Depending on the amount of courses taken per term, Drexel’s online MS in Business Analytics can typically be completed in 18 to 24 months. Upon graduating, you’ll be able to confidently tackle the workforce knowing that you have the tools you need to succeed. From formulating a problem and modeling it out conceptually to gathering and applying data, you’ll be ready to solve real-world problems with the skills you’ve learned from your courses. And, thanks to the online format, you can schedule your classwork around your life.

Is Math Crucial to Business Analytics?

While math plays a role in data analytics, it’s not necessarily the defining characteristic of the field. Far more important is the ability to explore data with an eye for relationships and insights that can benefit an employer in the future. You will take some classes in statistics, but no one should rethink pursuing a degree in business analytics because of their math skills.

What Kinds of Jobs Can You Get With an MS in Business Analytics?

An MS in Business Analytics prepares you for a variety of data-driven careers throughout the business field. Just a few of the job titles graduates can earn are:

• Analytics Analyst
• Application Developer
• Business Intelligence Analyst
• Business Intelligence Engineer
• Business Technology Analyst
• Consultant
• Data Science Manager
• Data Scientist
• Digital Media Analyst
• Market Research Analyst
• Predictive Modeler
• Pricing Analyst

(From the State of Business Analytics Report: 2017 – LeBow Business Analytics Solutions Center)

What Salary Will I Earn in Business Analytics?

Armed with the skills needed to analyze a wide variety of data, graduates of Drexel’s online business analytics degree are ready to command a competitive salary.

*Data from glassdoor.com

Related Programs

• Graduate Certificate in Business Analytics Management
• Graduate Certificate in Data Management for Business Analytics
• Graduate Certificate in Predictive Business Analytics
• Graduate Certificate in Uncovering Insights with Business Analytics
• MBA
   

Drexel University offers a variety of Graduate Minors that can be added to any master's degree program.
State restrictions may apply to some programs.