All of us wish to pursue higher studies, especially from abroad. But have you ever got confused regarding which masters degree to go for? Is the choice between a master’s degree in MS and an MBA confusing you? What if we told you there is a possibility that you can do both? MSBA or Master of Science in Business Analytics is a golden opportunity for anyone who is having trouble in deciding what to do. And if you don’t know where to begin, then you have landed on the correct spot as we are going to resolve all your queries in this blog itself.
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MSBA stands for Masters of Science in Business Analytics. An MSBA is a dual degree option for those individuals who want to pursue and grab the benefits of both an MS degree and an MBA degree as, enabling the students to combine the MS program with an extensive network of the MBA program.
Why Study MSBA?
Before venturing further into this topic, let us also understand why an MSBA degree is a viable option for individuals. As we have already spoken about that MSBA is a dual degree program having the advantages of both the degrees i.e. Master’s of Science (MS) and Masters in Business Administration (MBA). Combining these two degrees, the program is known as MSBA.
A degree in MSBA will enable the students to venture and explore how analytics in business is converted into practical insights, leading to the discovery of viable business solutions. We all know how modern age technologies like artificial intelligence and big data are reshaping and influencing the entire business game in an economy.
It becomes even more crucial to have the proper knowledge and command over these skills and technologies. A degree in MSBA is helping to fill the demand gap that has arisen lately for more skilled businessmen and entrepreneurs. Thus, anyone can become a businessman, but if you wish to have an edge over business or wish to be an asset for any organization and big MNCs and to create a demand for your presence, then MSBA is the right degree for you to go for.
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Now that we have studied what an MSBA degree is, why to go for and the difference between MBA and MSBA degrees, let’s now explore some of the best universities abroad that are offering a degree in MSBA.
|MIT Sloan School of Management||Master Of Business
|McCombs School of Business, University of Texas||Master of Science in
|The USC Marshall School of Business||Master of Science in
|Krannert School of Management, Purdue University||Master of Science in
Business Analytics and Information
|Alliance Manchester Business School, University of Manchester||Masters (MSc) in
Business Analytics: Operational Research
and Risk Analysis
|ESSEC Business School||Master in Data
Sciences & Business Analytics (DSBA)
|Imperial College London||MSc.in Business Analytics||22 months|
|IE Business School||Master In Business Analytics & Big Data||11 months|
|The University of Chicago||Master of Science in Analytics||1.5 years|
|The University of Edinburgh Business School||MSc in Business Analytics||1 year|
|UCLA Anderson School of Management||Master of Science in Analytics||13 months|
|National University of Singapore, Singapore||Master of Science in Analytics||1 year|
|Melbourne Business School, University of Melbourne||Master of Science in Analytics||1 year|
|Mendoza College of Business, University of Notre Dame||Master of Science in Analytics||10 months|
|Boston University||MS In Business Analytics||1.5 years|
Eligibility for Master of Science in Business Analytics
After providing a detailed list of top universities that are providing MSBA programs, their respective duration and application deadlines, to business and data analytics aspirants from around the world, let us now delve into some required quintessential that will smoothen up your application/ admission procedures into these universities. Take a look at the below-given list:
- All sections within online application filled to the entirety
- An undergraduate degree in a quantitative field from an accredited institution
- A work experience of at least 2-3 years. The universities can demand more also.
- Official transcripts of previous educational qualifications.
- Minimum GPA requirement.
- GRE or GMAT scores.
- TOEFL or IELTS or PTE score for all international applicants.
- Personal essays
- Two Letters of Recommendation
- Statement of Purpose
- Resume/ CV
- One-minute video essay (if required by the University)
- Photocopy of current passport
- Passport size pictures (many)
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The following are the step to apply for an MSBA application:
- Check the eligibility criteria of the specific university you wish to apply for
- Fill out the application form and enter all the required details
- You will be asked to submit your GMAT or GRE scores and IELTS or TOEFL scores
- Upload the supporting documents including academic transcripts, statement of purpose, and letter of recommendation
- If asked, attach your photograph and signature
- Preview the application and then, click on submit
- Depending on the university, you might asked to submit an application fee for the course
Difference between MBA and MSBA
The following are the major difference between MBA and MSBA:
|MBA – Masters in Business Administration.||MSBA – Master of Science in Business Analytics|
|It is a conventional degree which relates to the building blocks of business||It is a specialized degree in the field of Business Administration that has a more modern and scientific approach.|
|An MBA degree helps individuals or students to advance their careers and develop leadership skills.||A degree in MSBA prepares the students to analyze complex data to make informed strategic business decisions and has great relevance in an increasingly data-driven world.|
|The major subjects of study are accounting, economics, statistics, and marketing. Other subjects also revolve around these major subjects only.||The major subjects of study are current business intelligence, data mining, applied statistics, machine learning, data visualization, and optimization, big data, and many more such complex subjects.|
|Students pursuing MBA programs can find themselves working at managerial or at executive-level and in departments like finance, operations, marketing, and sales, in the future.||Students who are pursuing an MSBA degree can see themselves doing more technology-focused roles that require specific expertise in analyzing data such as business intelligence analysts, data warehousing specialists, and market or operations research analysts.|
|An appropriate degree for individuals who want to achieve leadership roles by learning business fundamentals and gain an edge over valuable soft skills that are integral to effective business.||An appropriate degree for students who are not or less interested in the fundamental or the conventional approach of doing a business and instead focus more on the scientific and the analytical approach of studying business.|
Career Scope of MSBA
In today’s time, analytics courses have become quite popular credited to the increasing use of data in many fields. One such field is business. Business analytics is used to understand and analyze the performance of a business, get insights, and drive recommendations from it based on the data and statistics obtained. It involves subjects like mathematics, business studies, and technology. The field offers many career opportunities in various sectors including Technology, Finance, Entrepreneurship, IT, Marketing and many more.
Job Profile and Salary
Here are the popular career options for students with MSBA degree:
|Job Profile||Average Salary||In INR|
|Machine Learning Engineer||$110,739||89.82 Lakh|
|Data Architect||$116,710||94.66 Lakh|
|Data Analyst||$60,208||48.83 Lakh|
|Project Manager||$73,901||59.94 Lakh|
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We hope that this blog on MSBA answered all your queries and doubts. Want to pursue Master of Science in Business Analytics? Are you wondering how to apply for MSBA? Reach out to Leverage Edu experts and find a one-stop solution to all your applications, study abroad and career-related queries. Book your free session with us now!