Average Masters in Business Analytics Salary Continues to Rise
The average masters in business analytics salary for graduates is $72,000, according to PayScale.com. Salary can depend on many factors, including location, experience, industry, and job level. For example, the U.S. Bureau of Labor Statistics lists the average salary for business analysts at $85,260 but the average salary for data scientists is $100,560. There is growing demand for trained professionals in the business analytics field and the average salary for those with master’s degrees is higher than the average salary for people with less education.
The typical jobs you’ll find with a masters in business analytics are:
- data analyst
- business analyst
- marketing analyst
- data scientist
- decision scientist
- data science analyst
- BI analyst
- global supply chain analyst
- digital and analytics practice analyst
To succeed in the business analytics field, you should have a strong analytical understanding of business data and how it is used. You should also have a deep interest in market research, data visualization, machine learning, and statistics.
A masters program is a good way to prepare yourself for a career in business analytics. Goizueta’s MS in Business Analytics uses hands on learning and real client projects to develop experienced business data scientists. The top quartile of graduates in the class of 2019 averaged a masters in business analytics salary of $110,000 with the max salary topping out at $165,000.
Here is a list of select companies that have made offers to Goizueta MS in Business Analytics graduates:
- Boston Consulting Group
- The Coca-Cola Company
- Home Depot
- McKinsey & Company
Jobs in the business analytics field are projected to continue to grow 14% in the coming years according to the U.S. Bureau of Labor Statistics. The average masters in business analytics salary for graduates of masters programs is also projected to continue to rise as demand for professionals trained in business analytics grows.
For more information on how to transition to or expand a career in business analytics, explore Goizueta’s MS in Business Analytics program.