Earning an MBA degree can prepare you for advanced work in the business industry and help you qualify for higher salaries. There are a few different subjects that you can focus on during an MBA program, one of which is business analytics. Because business analytics can cover a wide array of topics, several jobs relate to business analytics and that an MBA can help prepare you for. In this article, we consider what a business analyst MBA is and explore a list of eight jobs you can apply for with one.
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What is a business analyst MBA?
An MBA, or Master of Business Administration, in business analytics, is an advanced degree that focuses on using data to inform business decisions. While the degree is in business, many jobs in business analytics can also fall under the category of data science, as they often involve complex calculations and analyzing large data sets. Having an MBA in business analytics can be valuable to candidates in almost any industry, especially those who work for businesses that handle high volumes of data, such as an accounting firm or marketing company.
What can you learn from a business analytics MBA program?
An MBA program in business analytics can cover a variety of topics in business and data usage. Here are some subjects you might encounter in a business analytics MBA program:
Marketing
Accounting Analytics
Operations
Ethics
Forecasting and modeling
Financial analytics
Spreadsheet modeling
International Business
Macroeconomics
Management skills
8 MBA business analyst jobs
Here are eight jobs you can get with a business analyst MBA:
1. Marketing manager
National average salary: $65,484 per year
Primary duties: A marketing manager develops and implements policies for the marketing departments in organizations. Their job can involve developing new marketing strategies based on emerging trends in the industry, reviewing data to determine how they might adjust their marketing campaigns and preparing budgets by researching the costs of products and other campaign needs. Marketing managers can also work closely with advertising or promotional managers to organize activities that can contribute to marketing campaigns.
2. Financial analyst
National average salary: $68,920 per year
Primary duties: A financial analyst makes predictions about how investments might perform in the market to guide clients in making investments. This can involve reviewing financial reports to ensure they’re accurate, recommending specific investment opportunities to clients and using financial data to identify and adapt to business trends. Financial analysts can also organize their financial reports for clients that can inform their investment and business decisions.
3. Financial Advisor
National average salary: $70,603 per year
Primary duties: A financial advisor offers guidance to individuals and organizations who want to develop new financial plans. Financial advisors can review budgets and other financial records to learn about a client’s financial standing, research new investment opportunities that can benefit their clients’ profiles and help clients create short-term and long-term plans for saving and investing money. A financial advisor can also provide information to their clients about different options for investments and insurance, which can help them protect and grow their funds.
4. Data analyst
National average salary: $71,555 per year
Primary duties: A data analyst reviews large sets of data and synthesizes them in a way that the general public can understand. Data analysts can interpret data for businesses to use to inform their decisions, conduct statistical tests to learn about business trends and organize high quantities of data into reports that audiences can easily read and understand. A data analyst can also keep track of new data to identify any changes that might occur in a specific industry.
5. Operations analyst
National average salary: $77,112 per year
Primary duties: An operations analyst uses mathematics and statistics to help organizations find solutions to challenges and develop new strategies for their processes. Operations analysts can evaluate an organization’s operations to find areas that might need improvement, develop strategies for reaching goals using statistical modeling and organize presentations that can show an organization how a proposed solution might benefit its business. An operations analyst also typically works closely with teams of other researchers and analysts who assist with data analysis and synthesizing results.
6. Management analyst
National average salary: $87,171 per year
Primary duties: A management analyst evaluates the operations within an organization and identifies ways they can improve. Management analysts can conduct interviews with staff to determine which areas of an organization might need adjustment, review financial data and reports to learn about an organization’s financial standing and make recommendations for changes to the protocol that might help an organization increase its efficiency. A management analyst can also recommend products or systems that might enhance an organization, like new information technology or filing systems.
7. Supply chain manager
National average salary: $88,308 per year
Primary duties: A supply chain manager oversees all the elements of the supply chain, which includes planning, sourcing, manufacturing, delivery and disposal. Supply chain managers can review an organization’s strategy to find ways to reduce costs, make recommendations about how an organization can improve its supply chain methods and maintain relationships with business associates, like vendors, suppliers and manufacturers, to create an effective, supportive business network.
8. Business intelligence analyst
National average salary: $93,839 per year
Primary duties: A business intelligence analyst uses data to find areas of a business that they can recommend improvements for. This can involve keeping track of a company’s resources to make sure they’re being used effectively, updating a company’s business intelligence tools and databases and creating new strategies for using business intelligence and collecting information. A business intelligence analyst can also research a company’s competitors to evaluate how they use business intelligence and find strategies they might be able to use.
I hope you find this article helpful.
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