Companies across industries reap the benefit of using formal mathematical models to assist them in tackling complex organizational challenges. Career opportunities can be found in commerce, government, for-profit and non-for-profit organizations, and the services or manufacturing sectors.
Business Analytics graduates might find any number of employment positions depending on electives completed in the program and chosen career paths. Examples of positions and career opportunities for business analytics professionals include:
- Management Analyst/Consultant
- Data Scientist
- Big Data Analytics Specialist
- Research Analyst
- Manager of Services or Manufacturing Operations
- Data Analyst
- Project Manager
- Supply Chain Manager
- Market Research Analyst
1.5 million data-savvy managers are needed to lead big data initiatives in the U.S.
Career Growth and Salary
The information comes from the Occupational Outlook Handbook published by the U.S. government’s Bureau of Labor Statistics
||Estimated Job Growth,
||$78,600 - $142,580
|Operations Research Analysts
||$72,100 - $129,490
||$75,560 - $121,890
|Market Research Analysts
||$60,300 - $113,500
||$72,780 - $112,100
Median to 90th percentile salaries from the May
2012 survey, the latest information available.
Employment Opportunity Resources for Business Analysts
Informs (Institute for Operations Research and the Management Sciences) Job Placement Service
American Statistical Association Career Center
Military Operations Research Society
Association of Management Consulting Firms
Marketing Research Association
Gartner predicts that there will be demand for 4.4 million big data jobs by 2015, with 1.9 million of those positions being created in the United States. However, the McKinsey report estimates that there will be a shortage of 140,000-190,000 data scientists and a deficit of 1.5 million managers who are capable of utilizing data driven insights.
The numbers tell a clear story. Just as data skills are becoming crucial to compete in today’s marketplace, big data talent is becoming a scarce resource.
Business Career Connections
Business Career Connections (BCC) office assists Business School
graduate students by developing partnerships with local employers. The
office facilitates introductions and provides personalized support in
the job search process.
Designed to supplement existing services available through the Career Center, BCC takes professional connections to the next level. It is a resource
for networking students with strategic employers in the business
community. Due to its relationships, BCC is constantly aware of
new-to-the-market job openings and can help connect students to
internships, part-time and full-time career opportunities.