M.B.A. Business Analytics Concentration Prepares Students to Be Elite Analysts
Offered online, on campus, and in hybrid formats, Caldwell University’s MBA concentration in Business Analytics prepares students for the many business and data analytics career opportunities in today’s information age. Business analysts combine data skills with business acumen to assist analytics-driven business organizations, and help their organizations maximize their collected data by finding trends, patterns, and anomalies that might otherwise remain unrecognized.
Successful business analysts acquire skills to work with data, the business acumen to recognize the impact on the business side of the organization, and the ability to communicate the collected information to stakeholders and decision-makers to solve business challenges.
Consistent with its University mission, Caldwell provides an education for students pursuing meaningful work in all sectors of industry, in a field with exceptionally strong labor market opportunities (EAB Program Analysis, 2020) and described by the Bureau of Labor Statistics (BLS) as growing at 31.4% between 2020 and 2030, one of the top ten fastest-growing occupations.
Our graduates can expect to provide essential business expertise in virtually any industry that collects, tracks, and uses data. This degree program is designed to be accredited by the Accreditation Council for Business Schools and Programs (ACBSP) when eligible, following graduation of the first cohort.
Job Opportunities
According to the Bureau of Labor Statistics, students can expect to find opportunities in the following occupations:
- Management Analysts: recommend ways to improve an organization’s efficiency. Bachelor’s degree required.
- Operations Research Analysts: use advanced mathematical and analytical methods to help solve complex issues. About 10,200 openings are projected each year, on average, over the coming decade, mostly resulting from the need to replace workers who transfer to different occupations or exit the labor force.
- Market Research Analysts: study market conditions to examine potential sales of a product or service. As most industries use market research, market research analysts are employed throughout various sectors of the economy.
- Financial Analysts: guide businesses and individuals in decisions about expending money to attain profit.
- Business Intelligence Analysts: produce financial and market intelligence by querying data repositories and generating periodic reports; devise methods for identifying data patterns and trends in available information sources.
The growth in this industry is reflected in the Bureau of Labor Statistics (BLS). Projections for this field are summarized in Table 3 below.
Table: Bureau of Labor Statistics, Projected Job Growth (2020-2030)
| Occupation | Projected Growth | Anticipated New Jobs | Average Median Salary (2020) |
|---|---|---|---|
| Market Research Analysts | 22% increase | 163,600 | $65,810 |
| Operations Research Analysts | 25% increase | 25,600 | $86,200 |
| Management Analyst | 14% increase | 124,400 | $87,660 |
| Financial Analysts | 6% increase | 31,300 | $83,660 |
| Business Intelligence Analysts | 8% increase | 3,600 | $98,230 |
| Management Consulting Services | 5.6% increase | 22,020 | $109,600 |
(BLS, Occupational Outlook Handbook, 2021.)
The projected job growth in these various occupations demonstrates the market demand for graduates with a business analytics degree.