Data Analysis MBA

Companies and organizations nowadays have a vast pool of information that helps them study trends and make decisions for the future. As this data is big, they require the services of professional data analysts to collect, organize and assess information to find useful information. According to the BLS (Bureau of Labor Statistics), the employment opportunities for data analysts are expected to grow by 22% during this decade, faster than the average of all occupations. Businesses require more data analysts to manage their information that can help them improve their business prospects. This line of work can be suitable for the ones who have interest in mathematics or those who are good with computers.

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To become a data analyst, students need to earn a degree through an accreted program in this field. A variety of programs are offered in this area but pursuing an advanced degree such as the MBA in data analysis can be very useful in a competitive market.

MBA in Data Analysis
The MBA is an advanced program that spans over 1-2 years. It is designed for aspiring data analysts seeking the best prospects in the field. It helps students learn the basics of intelligent data analysis in business scenarios. Students get to know the general concepts and managerial applications of descriptive statistics as well as the use of contingency tables. In addition, they learn how operations management interfaces with global corporate structure and strategy.
Some of the courses students can pursue in this program are manufacturing and service operations, quality management, forecasting, inventory control, continuous improvement, project management and supply chain management.
In addition to classroom-based learning, students may also have to complete a practicum as a part of the MBA program.

Online MBA Programs
Data analysis programs are also offered online. The distance learning programs are particularly designed for working professionals who cannot attend regular classes, in order to upgrade their knowledge and skills to qualify for more dynamic positions. The distance learning programs help students maintain a balance between personal and professional aspects of their lives. They are highly flexible, giving students the freedom to study from any location and earning a degree at their own pace.
As employers prefer to hire the experienced and skilled data analysts, students should seek work experience. They should try starting out with entry-level jobs first to gain some experience. In addition, they must also have computer and analytical skills. Absolutely essential to this line of work are problem-solving and writing skills.

Job Prospects for Data Analysts
As there is an increased demand for data analysts, pursuing this line of work can be a smart choice. Data analysts can work in various industries including finance and insurance firms, computer systems design and related services, as well as government. Opportunities are also available in information and management of companies.
Data analysts can work in the capacity of financial analyst, health systems analyst or business analyst. The salaries of these professionals range between $60,000 and $124,000 a year. The location, qualification, and experience are some of the factors that determine the income of data analysts.