Every industry is filled with heaps of data which require skilled professionals to translate this information into business insights.
Some of the leading expertise sought after by hiring managers include Data Analysts and Data Scientists, according to the 2020 Future of Jobs Report1 released by the World Economic Forum.
Complex technical and communication skill sets are invaluable to employers as Fortune2 reports.
“Skilled employees across the spectrum of data-analytics roles are in short supply,” according to a McKinsey & Company study3 released in 2016.
The study found that 15 percent of operating profit increases from data strategy were linked to hiring data and analytics experts.
While many entry-level careers in data analytics require a bachelor’s degree alone, some employers require graduate studies in a related field’s such as a statistics or computer science. M.S. in Business Data Science and Analytics program alumni have landed employment opportunities in a broad range of industries including:
40% of our program graduates have entered the field as a Data Scientist, while 60% choose more business-oriented roles such as Business Analyst.
Most graduates with skillsets in data collection, analysis, and interpretation techniques pursue functional roles according to Fortune.4 As Fortune reports, “whether an employee has a title of ‘Business Analyst’ or ‘Data Analyst,’ they’ll draw on similar analytical tools to make sense of all that data.”
Here is a brief overview of some career routes:
Professionals in these roles determine how to make an organization more efficient.
Job outlook: Employment for management analysts is projected to grow 11 percent through 2031, which is much faster than the average for all occupations, according to the U.S. Bureau of Labor Statistics (BLS).
Median salary: $93,000 (BLS)
Business Intelligence Analyst may examine business intelligence data, gain information about industry competitors, compile reports and more.
Median salary: $81,460–$87,744 (Glassdoor)
Data Scientists use data analysis testing techniques to gather valuable results. While these roles typically require at least a Bachelor’s degree, the BLS notes that some employers prefer candidates to hold a Master’s or Doctoral education.
Job outlook: Employment for data scientists is projected to grow 36 percent through 2031, which is much faster than the average for all occupations (BLS).
Median salary: $100,910 (BLS)
People in these roles may examine data and create reports to help companies better market their services.
At the Eli Broad College of Business, you can choose to take additional courses from our award-winning Master’s in Marketing Research program, elevating your acumen to the next level.
Job outlook: Employment of market research analysts is projected to grow 19 percent through 2031, which is much faster than the average for all occupations (BLS).
Median salary: $63,920 (BLS)
No matter which industry you’d like to advance in, a graduate degree in Master’s in Business Data Science and Analytics can help you take that next step. With one leg firmly grounded in business, this degree offers a comparative advantage in any organization across all industries.
At Michigan State Univeristy, our immersive program will help you develop the expertise to:
You’ll take courses with leading MSU faculty covering many topics such as:
The depth of our curriculum will prepare you for roles across many industries. Our program graduates have received job offers from esteemed companies including: