All You Need to Know About MS in Business Analytics in USA

What is a Master in Business Analytics?

A master's in business analytics is a graduate degree in which students learn and develop some useful professional skills using science and machine learning to solve real-world business problems.

Students who wish to study masters in business analytics subjects have two options either to take a degree in MBA or MS stream. However, it creates confusion among them and makes it a difficult task to choose the best stream for making a career.

So, let's understand how they are different from each other.

Difference Between MS in Business Analytics vs MBA in Business Analytics

Aspect	MS in Business Analytics	MBA in Business Analytics
Focus	MSBA focuses on the development of deep technical skills required for data analysis.	MBA in Business Analytics focuses on students to understand how to manage a business with a focus on integrating analytics
Curriculum	In MSBA, Students learn advanced statistics, data mining, data visualization and programming.	MBA in BS helps students learn core business courses and specialize in analytics courses.
Career Goals	The best career option after MSBA is to become a data scientist.	A business analytics MBA student can work in leadership or managerial roles in MNCs.
Course Duration	The MS in business analytics course duration is typically 1 to 2 years.	An MBA in business is usually a 2-year course.

No doubt, pursuing either an MBA or MS in business analytics from the top institutes of the world can help the aspirants work in high-paying and respected positions in MNCs. That's why many of the students choose to study MS in Business Analytics in USA. Now, you might be thinking, why there? So, in this part of the blog, let's discuss how studying business analytics in the USA benefits students and changes their lives.

Why to Study Business Analytics in the USA

The USA, a global superpower, is home to prestigious universities like Harvard, Stanford, Princeton, and Pennsylvania. These institutes are known for providing excellent knowledge to students who study MS or MBA in business analytics in USA using advanced technology in a multicultural environment.

However, it helps the students to get several networking and career opportunities and marks a significant performance in diverse roles while working in multinational companies.

Finding the best institute for overseas education in the USA can be challenging for many students. So, let's make it easy and have a look at the list of top 10 universities for MS in business analytics in USA based on their world ranking and QS ranking in the subject.

List of Top Universities in the USA

Name of the University	World QS Ranking (2022)	THE World University Rankings 2023
Harvard University	1	2
Stanford University	4	3
Massachusetts Institute of Technology (MIT)	5	5
University of Pennsylvania	7	14
University of California, Berkeley (UCB)	12	8
Northwestern University	16	26
New York University	18	24
University of Chicago	19	13
Columbia University	22	11
University of Michigan-Ann Arbor	27	11

However, admission to these study abroad universities in USA is not so easy. Students need to satisfy some conditions to make a successful admission application. You should know that so that they don't become a hurdle for you to conquer your dreams.

Eligibility Criteria

Students must fulfil some below-given requirements to get admission in the top universities for studying business Analytics in USA to make a career out of it.

• First of all, they must have at least a 3 to 4 GPA in their bachelor's degree or equivalent higher education.
• Excellent performance in schooling (10th and 12th grade)
• 167+ score on the GRE
• GMAT score of 710+
• Work Experience (If any)
• Minimum 7.5 IELTS band with a score of 7.0 in each section.

Note: If a student wishes to study MS in Business Analytics in USA then he or she also has to provide evidence that they know computer programming languages such as Python, SQL and R programming and a certificate or evidence of statistics and probability in higher education.

Some Common Documents Required in Different USA Universities

Though you match the eligibility criteria, admission to the top USA universities for an MSBA course is still not easy because of documentation. Students need to arrange a bunch of different documents to submit with their visa and admission application forms. Every institute asks for different documents, but there are some common documents required in every institute. Let's know all the documents to make the process easy.

• All your academic transcripts
• Eligible scores in entrance exams such as GTR, GMAT
• A good score in English language tests such as IELTS and PTE.
• Letter of Recommendation (at least 3)
• A Statement of Purpose (Must be well defined)
• A valid passport
• Evidence to prove that you have enough funds to support and complete your studies in the USA
• Passport-sized photographs (Minimum 2)

Note: It is not easy to make a well-defined SOP for business analytics. That's why students should take guidance from experts.

Now, if you are planning to study MS in business analytics in the United States, then you should be privy to the overall cost of studying here.

Admission Process to Study MS in Business Analytics in USA

Students must follow the below-given steps to make a successful intake to study MS in Business Analytics in USA topuniversity.

1. Shortlist all the universities according to your eligibility.
2. Visit the university website to fill out the application form online.
3. Arrange all the relevant documents and keep them ready.
4. Upload your academic transcripts and test scores.

After completing the above process, selected candidates will be notified through mail. However, they must follow the below-mentioned process to confirm their admission and secure a seat to study master in business analytics USA university.

1. Be prepared for an interview. This will help the admission authorities assess the applicants' critical thinking skills.
2. Some universities may conduct video interviews. These interviews will be based on open-ended questions, but they will help the interviewee learn about the applicants.
3. After the interview round, you will receive a conditional offer letter only if you agree with the answers.
4. At last, submit the required documents and pay the fees to confirm your admission to the top university of the USA.

Now, if you are planning to study MS in business analytics in the United States, then you should be privy to the overall cost of studying here.

Also read: Information About Pursuing MS in USA Colleges

Overall Cost of Studying MS in Business Analytics in USA

Students need to invest a large amount to make a successful study abroad journey to the USA because of the high cost of living, expensive health care, and high education costs. However, it is not easy to define the exact overall cost because it depends on the lifestyle of the students who choose to live there. Moreover, currency exchange rates also play a crucial role in increasing a budget. But, on average, they need nearly $60,000 - $95,000 per annum to complete their masters in business analytics USA journey successfully.

In this part of the blog, let's understand all the major expenses.

Course Fees

First, let's start with knowing the annual tuition fee. However, every university charges different business analytics course fees, but on average a student have to pay nearly $50,000 - $80,000 per year in top-tier institutions, $30,000 - $50,000 per year in

Mid-tier institutions and $20,000 - $50,000 per year at Public Universities.

Housing Charges

Accommodation charges depend on the facilities a student wishes to enjoy while they study in USA. Moreover, the location of the place also affects the process. But, on average, housing rents cost nearly $10,000 - $30,000 per year to the students.

Other Living Costs

Some additional expenses become a hurdle for the students to make a successful journey of studying MSBA in USA.These costs include taxes, travel, health care, and some other miscellaneous expenses. However, the total cost of these expenses lies between $15,000- $20,000 per year.

If you are planning to study business analytics in the USA, you must know the best way to reduce the tuition cost of an MSBA in the USA.

Some Scholarship to Study MS in Business Analytics in USA

Studying courses like MS in business analytics in USA is way too expensive for students, and the USA government knows it. However, the USA is known for the best student support system. Due to this, students can enjoy plenty of benefits by applying for a scholarship for their financial aid. But the question here is which program will be best for them to completetheir graduation.However, the answer to this question is the below-mentioned scholarship programs and their benefits.

Scholarship program	Benefits
Full Bright Program (U.S. Department of State’s Bureau of Educational and Cultural Affairs)	Travel Expenses Living Expenses Tuition Fees Health Insurance Research or Project Costs Language Training Orientation and Support Cultural and Professional Activities Emergency Assistance
AAUW International Fellowships (American Association of University Women)	Tuition Living Expenses Books and Supplies Travel Expenses Health Insurance
Stanford Reliance Dhirubhai Fellowship (Stanford Graduate School of Business in partnership with Reliance Industries)	Tuition Fees Living Expenses Additional Costs Travel Expenses Health Insurance
TATA Scholarship (Tata Education and Development Trust)	Tuition Fees Living Expenses Additional Costs Travel Expenses Health Insurance
Global Education Fund (GEF a philanthropic organization)	Tuition Fees Living Expenses Books and Supplies Health Insurance Travel Costs Miscellaneous Fees

Also read: Best Scholarships for Indian Students to Study Abroad

However, there are some common eligibility criteria that students must meet to receive financial aid to support their education in the USA. Let's highlight all the minimum requirements.

Eligibility Criteria to Apply for Scholarship Programs to Study MS in Business Analytics in USA

All the students must satisfy the below-mentioned requirements to enjoy financial aid to study MS in business analytics in USA top universities.

1. Strong Academic Record- Scholarship programs are granted to extraordinary students who have high scores on standardized tests and academic achievements.
2. Enrolment or Admission- Students must be enrolled in a course in a particular university to apply for a scholarship.
3. Citizenship or Residency- Some of the scholarship programs, such as the TATA scholarship or Stanford Reliance Dhirubhai Fellowship are targeted towards Indian students. However, students must look for such options before applying for any scholarship program.
4. Financial Need- Students must have relevant documents to prove their need for financial aid to complete their education.

However, students have to satisfy some additional requirements that change from one scholarship program to another. So, students must take proper guidance from the best study abroad consultants in their city. Want to know why? Let's understand this by using the example of Kerala's students.

Kerala is known as the state with the highest literacy rate. Students here always seek to grab opportunities to multiply their knowledge in innovation and research sectors. That's why many of them plan to study overseas in leading countries such as the USA, the UK, Germany or Australia. However, they know that they require a lot of funds to manage their education in these countries. So, they make a smart move of taking guidance from the best study abroad consultants in Kerala because these consultants are privy to the exact process to get a USA scholarship. They guide the students with that knowledge and help them to get financial aid for their overseas education journey. Moreover, they also assist the students in making an SOP and other hurdles that generally come while preparing for international education.

However, with this example, you can understand how an overseas education consultant plays a crucial role in making the overseas study journey easy and reliable for every student.!

Career Opportunities and Salary After MS in Business Analytics In the USA

Students spend a lot of money on overseas education. However, it is important for them to know the benefits, career opportunities, and the return on their investment. So, on that note, let's find out all the career options and scope for a student after completing an MS in business analytics in USA from one of the top institutes there.

Career Options After MSBA in the USA	Imprecise Salary After MSBA in the US
Management Analyst	USD 77,470
Operations Research Analyst	USD 81,390
Mathematician	USD 71,569
Business Consultant	USD 77,433
Quantitative Analyst	USD 86,235
Business Management Analyst	USD 80,183
Data Scientist	USD 74,581

Key Points to Remember

Students who are studying or have studied courses like business analytics in USA enjoy many benefits from them. This is because the glories universities are well-known for their techniques for training and developing students' minds towards innovation.

However, every student needs guidance to make their journey successful. That's where gradding.com comes in. With us, you can get the best assistance and avail exciting offers on your international education, knowing that you're not alone in this journey.

FAQs

Q.1 What Should I do MBA or MS in Business Analytics?

An MBA in business analytics completely focuses on business management, team leadership, decision-making, and managing people and finances. On the other hand, an MS in business analytics is a professional course focused on working with data. Students learn to work with machines and software and even learn some problem-solving skills to grow the business.

Q2. Can Students with an MBA Become Business Analysts?

Business analytics is a crucial specialization of an MBA degree course. Moreover, it is also taught in some of the MBA programs. So, yes, an MBA student can become a business analyst.

Q.3 Who Can Do an MS in Business Analytics in the USA?

Students who have completed their bachelor's degree in relevant courses and have an outstanding academic record can study MS in business analytics in the USA.

Q.4 Can I Pursue an MS in Business Analytics in the USA Without a GMAT?

Yes, you can study an MS in business analytics at a USA university without taking the GMAT or GREs. But for that, first, make sure that your institute accepts admission without these exams or not.