Business analytics programs aim to turn big data into actionable intelligence. Business analysts use numerous statistical and quantitative methods, computational and predictive models, knowledge of finance, the corporate world, and the economy to make data-driven decisions.
The Business Analytics program’s rankings are based on a methodology that assesses each institution’s employability, value for money, alumni outcomes, thought leadership, and diversity, with data collected from a global survey of employers and other sources.
Quacquarelli Symonds (popularly known as QS World University Rankings) releases its universities ranking annually as per the following six indicators:
- Academic Reputation
- Employer Reputation
- Faculty/Student Ratio
- Citations per faculty
- International Faculty Ratio
- International Student Ratio
Here are the universities offering top 5 MS in Business Analytics based on their QS Rankings:
MIT Sloan School of Management – Masters of Business Analytics
In 1914, MIT Sloan School of Management was established with the Massachusetts Institute of Technology, Cambridge, Massachusetts, as its parent institution. It is the most reputable program available for pursuing post-graduation in the field of management. Masters of Business Analytics is a 12-month course at MIT. This course has a good reputation with a full score in alumni outcome and thought leadership. After getting admitted to this course, students gain an average base salary of US $110,000 and find work within six months of graduation.
This degree prepares students to interpret and use the tools of modern data science, optimization, and machine learning to solve real-world problems. There is a seven-month-long Analytics Capstone Project, which gives students a promising opportunity to work on real-life issues in this field with industry leaders.
UCLA Anderson School of Management – Master of Science in Business Analytics
UCLA Anderson was established in 1935. This school offers a masters’ program in business analytics, a 15-month program that integrates theory and principle with the latest business practice to give students a knack for real-world problems. This course is made up of 87 per cent international students. To allow students to tackle real-world business analytics problems, a program including an 8-10 weeks summer internship is available along with a corporate-sponsored Capstone: Applied Analytics Project (AAP). UCLA Anderson receives a very high score for employability, a perfect score for alumni outcomes. Graduates who pass out from UCLA Anderson School of Management earn an average salary of US $100,000.
ESSEC/CentraleSupélec – MSc in Data Sciences and Business Analytics
These two universities, ESSEC and CentraleSupelec, jointly offer MSc Data Science and Business Analytics program. They are third in the QS ranking due to their high scores for alumni outcomes and employability. It takes almost two years to get completed. Data Science and Business Analytics program are provided in Paris, while digital strategy program is provided at Singapore location. This school encourages learning with the implementation of the ideas. Students take part in a 4-6 months internship. They are allowed to go on an international field trip, and also, students have to write a thesis during this time at the university.
ESCP Business School – MSc in Big Data and Business Analytics
ESCP is an ancient college in France, with other branches in other countries as well. The other countries include London, Madrid, Turin, and Warsaw. The business school was founded in 1819. This course is for a one-year term. It has two campuses in France, namely, Berlin and Paris. At both these campuses. The course is taught in the English language only. It claims to make students understand the significance of data in today’s business world. This course is ranked five in QS ranking based on different parameters such as graduate salaries, cost of living, and tuition cost.
Imperial College Business School – MSc Business Analytics
The Imperial College Business School is situated in the UK. It offers a 12-month MSc in Business Analytics. The business school achieves one of the best scores in the employability indicator. Ninety-seven per cent of the graduates from this college are in full-time work within three months of graduation from the business school. Technical and quantitative training forms the basis of this course. Here, the electives and projects are created as per the niche of the course. Online programs have seen a surge due to change in the people’s needs and the recent Coronavirus pandemic. Following this trend, Imperial College has also started a two-year online version of the program, which identically follows the full-time curriculum.
Every big firm is risking its high shares in its business analytics component, as they know that it holds a bright future. The deployment of Artificial Intelligence in Business analytics has increased its applicability to every sphere possible. Thus, Masters in Business Analytics holds a promising future for students and professionals who plan to pursue it in 2021. So, students need to plan well and decide regarding choosing the best MS in Business Analytics program for their further education.
Author Bio: Abhyank Srinet is a passionate digital entrepreneur who holds a Masters in Management degree from ESCP Europe. He started his first company while he was still studying at ESCP and managed to scale it up by 400% in just 2 years. Being a B-School Alumni, he recognized the need for a one-stop solution for B-School to get in touch with schools and get their application queries resolved. This prompted him to create MiM-Essay, a one-of-a-kind portal with cutting-edge profile evaluation and school selection algorithms, along with several avenues to stay informed about the latest B-School Updates.