Earning an MBA in Business Analytics qualifies you for various competitive career paths. As businesses continue to use data when making decisions, MBA graduates in Business Analytics can enjoy being in high demand. The program offers insurance, healthcare, finance, manufacturing, retail, and more job opportunities. Below are a few career opportunities for MBA graduates in Business Analytics:
Data Analyst
Organizations rely on concrete data to make abstract concepts that can help decision-making. A career path as a data analyst can offer a job opportunity in such organizations to collect and analyze data. After collecting data, data analysts evaluate it based on market research, sales numbers, logistics, and many other factors. They use technical expertise to check for data accuracy before processing and presenting it.
Data analysts, IT teams, data scientists, and management work closely to achieve an organization’s goal. To get a job as a data analyst, master several skills acquired during the MBA program. Such skills include SQL databases, machine learning, data mining and cleaning, and data visualization.
Management Analyst
Employment opportunities for management analysts are projected to grow by 10% from 2022 to 2032. The career path is expected to create an average of 92,900 openings annually throughout the decade. Graduates with an MBA in Commercial Analytics can seek employment as management analysts to benefit from these opportunities. They require basic skills such as data mining, data visualization, data organization, and understanding programming languages.
Management analysts research, gather, and analyze data to identify organizational pain points. The information they collect helps them propose solutions to improve the organization’s efficiency and productivity. They also assess financial reports, interview personnel, and work with management to optimize and streamline operations.
Supply Chain Analyst
An organization’s supply chain requires proper planning, analysis, and monitoring to run smoothly. This is where supply chain analysts come in. They collect and analyze supply chain data to predict and improve an organization’s supply of products and services. Data helps them provide recommendations for optimizing delivery methods. Depending on the organization, supply chain analysts can report to a supply chain manager or the general manager. These professionals test new supply chain methods before application if needed.
Business Analyst
Graduates with an MBA in Business Analytics can secure employment as a business analyst. The program equips them with knowledge about data mining, SQL databases, data visualization, and business intelligence skills. They can use these skills to identify areas in a business that require improvement to strengthen processes and increase efficiency.
Business analysts rely on the organization’s data to form insights and recommendations. They assess data from various parts of an organization to identify issues and recommend changes. Thanks to their expertise, business analysts can evaluate the impact of changing business needs and identify requirements.
Predictive Modeler
The predictive modeling job role falls under predictive analytics, which involves predicting future business trends, events, and behaviors. Predictive modelers create models (programs that make predictions based on the existing data). For predictive models to make educated approximations about the future, the modeler must feed them with existing data. Organizations rely on predictive modeling to estimate individuals purchasing a product, the quality of sales leads, and the likelihood of spam. Predictive modelers require adequate technology, statistics, and analysis knowledge to create these models.
Marketing Analyst
Organizations need to identify market trends, find business opportunities, and invest in advertisement. These tasks, among others, can best be done by marketing analysts with a Master of Business Administration in Business Analytics. These professionals track, process, and analyze marketing data to determine the effectiveness of an organization’s marketing campaigns. This data includes consumer behavior, market trends, advertising costs, and budget allocation. They can help organizations know what to sell, who to sell to, and at what price.
Obtain an MBA in Business Analytics
These are a few lucrative job opportunities you can obtain after graduating with an MBA in Business Analytics. Reputable schools offering this program can equip you with the skills to succeed in these career paths. Review these career opportunities and find a reliable MBA program to get started.
