Top Universities in USA for MS in Business Analytics

By Nidhi bahl Updated On - Apr 15, 2021 03:33 PM

US universities have time and again topped the QS World University Rankings for MS in Business Analytics course. UCLA, MIT- Sloan and Arizona State University are among the popular names to feature in the list of top universities in USA that offer this popular course.

Choosing overseas education could be one of the most rewarding decisions you may ever make in your life. Business-minded students often wonder if a more specialised Master’s degree in Business is better than a regular MBA. Studying at a school in the United States that best matches your budget and criteria will clearly give you an edge while planning a career in the data science industry or seeking career advancement.

Being all about the study of ‘Big Data’ and its rising interest in the tech sector, MS in Business Analytics has emerged to be a popular course across the world. It is remarkable how some US universities have time and again topped the QS World University Rankings for Masters in Business Analytics but rankings are not the only thing that you should consider when choosing a university for this programm. There are many other popular universities such as Arizona State UniversityHofstra UniversityAdelphi UniversityDePaul University and University of New Hampshire where MS in Business Analytics is offered.

After completing the course from any of the top universities in the US, you can apply your skills across an array of industries such as technology, management consulting, financial services, healthcare, business Intelligence, to name a few. So, which university should you choose? Is studying MS in Business Analytics in the US worth it? What are the admission requirements and how to apply to these universities? Read on to find answers to all your questions.

What is MS in Business Analytics? How is it Different from an MBA?

Most of the MS programs in Business Analytics offered by US universities are STEM-designed degrees. It is based on evidence-based decision-making with the use of data. An intersection of data science and business management, the program focuses on technical and quantitative data collection methods and predictive modelling for the development of strategic management skills. 

While Business Analytics is quite new as a postgraduate program, it is widely used by leading companies across the world to gather a large chunk of data at a much faster rate. The major difference between an MBA and an MS in Business Analytics is the course content — MBA focuses on marketing, accounting and management and a Masters in Business Analytics program takes a deeper dive into decision-making through data analysis. 

Also Read:

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Why Opt for MS in Business Analytics in the US?

Looking for reasons to pursue an MS in Business Analytics in the US? Find out why you should go for the program in the United States:

  • With the ever-increasing size of the Big Data market in the US, the country is the market leader for education and training in business analytics.

  • Business analytics is, in fact, very valuable in Silicon Valley, where start-ups keep looking for ways to intervene in the market through data-driven decision-making. 

  • Most of the top-ranked universities in the world for MS in Business Analytics are in the US. These rankings are based on academic reputation, faculty and student ratio, citations per faculty, employer reputation, international faculty and student ratio.

  • The top business schools for the programme have the most established connections and networks with prominent businesses all around the world.

  • A degree acquired from the top US universities will open up opportunities and widen your career scope even further.

  • Some US universities also give the opportunity to international students to extend their training by 24 months after graduating.

  • US universities offer a flexible study-work arrangement, which undoubtedly looks great on a resume.

Top USA Universities for MS in Business Analytics

With MIT Sloan School of Management at the top of the list, discover the top 10 universities in the US offering master’s degrees in Business Analytics along with their establishment year, type and location of the universities and the availability of scholarship(s):

QS World University Rankings 2020 

Name of the University

Employability

Value for Money

Location

Scholarship(s)

1

MIT- Sloan, Massachusetts Institute of Technology

100

84.7

Cambridge (MA)

Yes

2

Anderson School of Management, University of California, Los Angeles (UCLA)

98

89.5

Los Angeles (LA)

Yes

4

McCombs School of Business, University of Texas at Austin

76.6

95.4

Austin (TX)

Yes

6

Marshall School of Business, University of Southern California

70.7

57.7

Los Angeles (LA)

Yes

11

Carlson School of Management, University of Minnesota Twin Cities

40.4

92.5

Minneapolis (MN)

Yes

12

Eli Broad College of Business, Michigan State University

55.8

94.9

East Lansing (MI)

Yes

13

Krannert School of Management, Purdue University

71.7

55.4

West Lafayette (IN)

Yes

19

W. P. Carey School of Business, Arizona State University

40.4

78.7

Tempe (AZ)

Yes

22

Mendoza College of Business, University of Notre Dame

44.4

76.4

Chicago (IN)

Yes

25

UC Davis, Graduate School of Management, University of California, Davis

45.3

92.1

San Francisco

NA

Also Read: Top Universities in Canada offering MS Business Analytics

Popular US Universities for MS in Business Analytics

In case you are looking for more universities offering MS in Business Analytics in the United States, you can look up the following:

Name of the University Course Offered Duration
University of Illinois, Chicago MS in Business Analytics (MSBA) 1 Year
The University of Utah MS in Business Analytics -
University of Massachusetts, Boston MS in Business Analytics 1 Year
Suffolk University, Boston MS in Business Analytics 9-21 Months
University of South Florida

MS in Business Analytics & Information Systems

1 Year
George Mason University Graduate Certificate in Business Analytics 4 courses (12 hours)
Hofstra University Business Analytics, M.S -
Adelphi University MS in Business Analytics 1 Year
DePaul University MS in Business Analytics 2 Years
University of New Hampshire MS in Business Analytics 16 months

Eligibility Criteria for MS in Business Analytics in the US

Given below are the eligibility criteria/admission requirements for MS in Business Analytics in the US. The same may, however, vary from university to university:

Note: Few universities waive English proficiency test requirements for students who have a degree from a university with an English-speaking curriculum. 

Application Process and Documents Required to Study MS in Business Analytics in the US

This would probably be the first question that you may ask yourself or your study abroad consultant when you decide to study in the US. Given below are the steps you need to follow in order to apply to any of the top USA universities for MS in Business Analytics:

1. Decide if you wish to apply for the Fall, Spring or Summer intake. 
2. Take the GRE and TOEFL exams keeping in mind the deadlines of the university for the chosen semester.
3. Make sure you have the following documents for admission to these universities:

  • Demand Draft/Bank cheque for the Application fee (only applicable if you have paid the fee)

  • Official transcripts of your Bachelor’s degree from your college/university

  • A copy of your GRE/TOEFL/GMAT/IELTS Score

  • HSC/ISC/12th or Equivalent Certificate

  • 2-3 letters of recommendation (from your professors)

  • SSC/ICSE/10th or Equivalent Certificate

  • Bank statement

  • Statement of Purpose (SOP)

  • An excellent resume

  • Work Experience (if any)/Study Certificate

  • Affidavit

  • Copies and proofs of your extracurricular achievements

  • Soft Copy of first and last pages of your passport

  • You will also have to write an essay on the topic mentioned in the application form. 

  • Lastly, an application fee will have to be paid in online mode.

4. You can also apply to any of these universities through our exclusive Dream School Application program or check out our Guaranteed Admissions Program to get a Confirmed Admission Offer, visa guidance, pre-departure & post-landing counseling, among other things.

Note: The administration of the university will send an email confirmation when the application has been received. In case an application is not complete, you will be notified regarding the same. Applications may not be reviewed until all the required documents have been received by the university.

MS in Business Analytics in the US Without GRE/GMAT

Given the importance of other admission requirements such as work experience in the field, a well-built SOP, high GPA in undergraduate study, among others, admission to MS in Business Analytics at US universities may not require GRE or GMAT scores. However, the majority of the institutes will ask for GRE/GMAT scores in addition to other requirements. 

  • High GPA in Bachelor’s: Many universities in the US offering Masters courses in Business Analytics may completely base their admissions on GPA in your Bachelor’s degree. In case you managed to score extremely high in your undergraduate study, you may not have to take the GRE/GMAT.

  • Work Experience: Some US universities may also waive GMAT/GRE requirements if you have enough work experience in the industry. Usually, universities require students to have at least two years of work experience and a letter of recommendation from the employer.

  • Universities with No GMAT/GRE Requirement: A few international universities in the US do not require GMAT/GRE scores altogether. Some of these universities include     the North Carolina State University, University of Rochester, Suffolk University and DePaul University. 

Also Read: Canada or USA? Which is Better for Pursuing MBA

Cost of Studying MS in Business Analytics in the US

The cost of study for MS in Business Analytics in the US will vary depending on several factors including location of the university, mode of program, duration of program, cost of living, current exchange rate and the intended university’s overseas tuition fee.

All in all, in order to study an MS program in Business Analytics in the US, you would most likely have to spend around INR 39 to 75 lakhs. Apart from the cost of living in the US, the table below gives a brief idea about how much the program will cost you.

Type of Expense

Approx. Cost (INR)

Tuition Fee

39-60 Lakhs

Visa Fees

11,520

IELTS

14,000

TOEFL

13,924

GMAT

18,817

GRE

16,032

Note: Costs mentioned above are based on the current exchange rate as of April 2021.

MS in Business Analytics Scholarships in the US

Studying MS in Business Analytics comes with another advantage - a number of merit- and need-based scholarships available for international students from across the world. Given below are some of these scholarships:

Name of the Scholarship

Offered by

Benefits/Value

Based on 

Scholarships for International Students

University of Minnesota

Varies

Merit

Non-Resident Graduate Scholarships

The University of Utah

$7,500-$19,000

Merit

MSBA Scholarships

Wake Forest University

Varies

Academic merit, financial need, and individual award criteria

Merit- and Need-Based Scholarships

University of Virginia

$1,000-$15,000

Need and merit

The Fulbright Foreign Student Program

United States Department of State's Bureau of Educational and Cultural Affairs (ECA)

Covers funding for the duration of study including tuition, living stipend, health insurance, and more

Need and merit

The American Association of University Women (AAUW)

American Association of University Women

$18,000-$30,000

Merit

Apart from these, there are several other US scholarships offered by external organisations or the government that you may be eligible for.  

Career Options after MS in Business Analytics in the US

With the rising interest in data analytics, recruiters across the globe are looking for more data-savvy professionals for management roles. Business analytics is valued across major industries including manufacturing, consumer products, energy, healthcare, banking, pharmaceuticals and more. A variety of career opportunities are offered to graduates from the top US universities by companies like Amazon, Apple, Facebook, Boston Consulting, Google, PayPal, Group Boston, etc. 

Here the job titles which are available after completion of MS in Business Analytics along with their average salaries in the US:

Job Role

Average Annual Salary in the US (2021)

Data Scientist

$67,000-$130,000

Business Intelligence Engineer

$103,067

Analytics Associate

$66,000-$88,000

Research Scientist

$50,000-$120,000

Data Science Consultant

$107,930

Operations Analyst

$42,000-$79,000

Machine Learning Scientist

$133,140

Product Analyst

$59,000-$110,000

Research Engineer

$59,000-$120,000

International students have two options to work in the US – Curricular Practical Training (CPT) and Optional Practical Training (OPT). While CPT is for employment training and/or paid internships, OPT is for those with an F-1 Visa who can work up to 12 months (can be extended to 24 months) in the area of study.

Hope this article helps you find the right university for MS in Business Analytics in the US. If you wish to clear any other doubts related to this program or if you want to know about its application process, you can simply reach out to us at abroad@collegedekho.com or 785 9990 990. You can also apply to any of these universities through our 'Dream School Application' program and/or 'Guaranteed Admissions' program.

Good Luck!

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