Top 6 Jobs You Can Get After A Master’s in Business Analytics
Business analytics is a varied subject area that encompasses a variety of skills, tools, and practical applications for driving business performance and planning. With governments, businesses, and organizations using evermore data to analyze and enhance their performance, the need for individuals with a background in statistics and data science is growing exponentially. Below are some of the top jobs that are available for individuals with a degree in business analytics.
Machine Learning Engineer
Machine learning engineers are often found in big customer-facing technology firms (think Apple or Microsoft) and will usually have a specialized graduate degree in physics, mathematics, or statistics. These engineers typically work with data scientists to build data-driven products that enhance customer experience and that are autonomous from human interference. Examples of these products include personalized social media feeds and AI technology.
Average salary: $110,000 per annum.
Data scientists measure and interpret data using qualitative measures such as AI, algorithms, machine learning, and other statistical tools. They usually work in areas of retail, finance, e-commerce, transport, and healthcare and will require certification or an online master in Business Analytics. Data scientists are responsible for a variety of areas within a company such as discovering business trends, building machine learning models, identifying business challenges, and automating data.
Average salary: $88,000 per annum.
Statisticians are responsible for gathering data and then displaying it for purposes of identifying trends, making predictions, and solving business problems. Statisticians work in all kinds of areas ranging from education to finance to sports analysis to transportation and more. Their role generally involves tasks such as designing surveys, experiments, or opinion polls, and then analyzing the results. Statisticians tend to be individuals who are investigative, methodical, rational, and logical.
Average salary: $73,000 per annum.
Data analysts are largely found in industries such as pharmaceuticals, finance, education, government, and consulting. These individuals are good with numbers and have excellent analytical skills. A data analyst’s main responsibilities are to evaluate the data collected by an organization and then provide insights into how a business or organization can solve problems or improve its decision-making.
Average salary: $60,000 per annum.
Chief Technology Officer (CTO)
A chief technology officer (CTO) is a senior-level executive that will oversee corporate IT and finance departments, or work as a consultant. These individuals are strong leaders and will have an aptitude for strategy and conducting technological analysis. CTOs are responsible for managing an organization’s technological needs and its research and development. They are also responsible for analyzing how a company or organization can compete and stand out in the market.
Average salary: $150,000 per annum.
Application architects are responsible for creating new and improved applications, running software tests, and providing solutions to software development. These individuals typically work in IT, software development firms, and computer manufacturing companies. Application architects require excellent technical vision, as well as an aptitude for analytics, problem-solving, and critical thinking. The large amount of responsibility in this role demands a background in programming language, business analytics, and architecture design and experience.
Average salary: $112,000 per annum.