Masters in business analytics – 2022: Salaries, careers, Tips and more

The demand for highly skilled business analysts has influenced the job market in the entire world. The UK alone accounts for around 9.2% of projected growth in 2021-2026 for business analyst jobs. Master in business analytics is the gateway to enter the job space in business analytics. Students around the globe prefer studying at top universities either in the UK or the USA, being the most popular educational hubs for millions. In the vast world of data, businesses have created new domains to welcome business analyst professionals. So they can choose to form a multitude of career options in the field.

Careers and salaries after completing Masters in Business Analytics

Post-completing masters in business analytics, students can set their foot in the evergrowing analytics job market. Now, the field of analytics is not just limited to the IT domain. Since data is everywhere, in every company, every department, there is an indispensable need for business analysts. So let’s explore career prospects in the world of analytics. Students can choose from the following highly demanding and rewarding roles in the field of data analytics:

• Data Scientist: They are engineers who possess a perfect blend of maths, statistics, and computer science knowledge. They create data models and check for the accuracy level of the models, which can be deployed in the real world. Data scientists can earn an annual average salary of $120,931.
• Data Analyst: They are the ones who create visual representations of refined data to make suitable conclusions regarding the data. They must be well-equipped with data extraction, data cleaning, data mining techniques, and programming languages like Python, SQL, etc. Data analysts can earn around $65,470 on average yearly.
• Operations Research Analyst: They are responsible for identifying loopholes in the operations of a business and suggest unique solutions to resolve the issues. They can earn around $68,571
• Business Intelligence Analyst: They are business consultants hired by big companies to maximise the data collection benefits. Business Intelligence Analysts provide data-driven solutions to tackle business problems. They can earn around $79,613 annually.

• Market Research Analyst: As the name suggests, they are responsible for researching market conditions, customer demand, competitor analysis, and industry trends. Market research analysts predict how many customers will actually buy their product or services based on these factors. They can earn around $60,429 every year on average.

Tips to get jobs after Masters in Business Analytics

• Sharpen your skills: Business Analytics graduates must sharpen and upgrade their knowledge in maths, statistics, coding languages. Before going for an interview, they must upgrade themselves with the upcoming trends in the industry.
• Research the company: This goes without saying; fresh graduates must be well aware of the core business of the company the problems they are facing currently. Knowing this, you can ace your interview by suggesting ways to improve their current situation. This shows your genuine interest in working in the company.
• Dress formally: The candidates must dress in formal attire and maintain a good body posture throughout the interview. For example, a candidate must not sit with closed arms as it shows disrespect and lack of interest in the conversation.

Conclusion

Business analytics is gaining popularity due to excellent job prospects, job growth, and handsome salary packages. You must be aware of the industry’s high workload and prepare yourself to deal with it. If you can manage the job stress, you are gold in this industry.