Business analytics involves processing historical business data and analysing it to identify insights such as trends, patterns, root causes, etc. Based on these insights, data-driven business decisions are made. It helps investigate and analyse business performance and finds solutions to various problems. Business analytics, therefore, is emerging as a popular specialisation in the management domain.
A master’s degree in Business Analytics can accelerate your career growth. Not only will you be in a better position to command a higher salary, but you may also have various job opportunities to choose from. Besides, you will acquire valuable in-demand skills and knowledge.
Here are some of the career paths that you could choose from with a master’s degree in Business Analytics:
1. Data Analyst
- A data analyst works on collecting and evaluating data based on sales numbers, market research, logistics, and other such details.
- They have to conduct surveys and collect the information necessary for performing the analysis.
- They are responsible for presenting the data in an easy-to-understand manner as well.
2. Data Scientist
- A data scientist is responsible for finding valuable insights from large quantities of data to help an organisation make better-informed decisions.
- Using algorithms, AI, ML, and other statistical tools, data scientists mine complex, raw data from a range of sources and turn it into meaningful, transparent information for the organisation to improve its business strategy and operations.
3. Supply Chain Analyst
- A supply chain analyst works to improve the performance of a business operation.
- They do this by figuring out the requirements for a certain project and coordinating with the other employees.
- They work with other teams to determine if the current supply chain is optimal and how it could be improved.
4. Marketing Analyst
- A marketing analyst is responsible for helping businesses gather insights on their products and services from a marketing perspective.
- They analyse the marketing programs and industry trends using customer profiling, data analysis, and predictive statistics.
5. Big Data Analyst
- A big data analyst’s job involves identification, collection, analysis, and communication of data. They work with unknown data, patterns, hidden trends, and more.
- Their findings help in guiding future business decisions.
6. Business Analyst
- A business analyst works towards understanding the changing business needs.
- They do this by evaluating the impact of these changes, identifying and analysing data requirements, and documenting and facilitating communication among all the stakeholders.
7. HR Analyst
- An HR analyst uses computer applications and techniques to analyse human resources data.
- This information helps the organisation find better candidates, motivate the employees, and fix different staffing problems.
8. Predictive Modeller
- A predictive model is a program that makes a prediction based on the data fed to it.
- Predictive modellers work on creating these models.
- They must have adequate knowledge of statistics, analysis, and technology.
9. Chief Technology Officer
- A chief technology officer must be the master of strategic thinking.
- They conduct technical analysis as they look at ways in which their organisation can stand out in an ever-increasing competitive marketplace.
10. Technical Team Lead
- The technical team lead ensures that the technical development is being addressed properly, the products are of high quality, and that they are delivered at the right time.
- They require strong technical skills along with leadership qualities and managerial abilities.