Apr. 15, 2021

Four Career Paths in Business Analytics

Madrid Software offers a customizable MBA and specialized master's program, which is available in the full-time and part-time plan of study of the Master in Business Analytics.

A career in business analytics, in general, requires a minimum of a bachelor's degree in data science, information management, business intelligence, statistics, marketing or any other relevant field. Therefore, a master's degree opens up many more options for candidates not only in remuneration but also in overall development. It helps students to learn and enhance management skills, technical skills, broad skills as well as leadership skills. A business analyst is responsible and accountable to the top management itself. The business analyst works in his department but coordinates neck-to-neck with the sales, marketing and production departments. Business analytics is actually a much broader term than analytics.

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As more organizations adopt data-driven and technology-intensive approaches to business, the need for analytical expertise continues to grow. Career opportunities in analytics are in every corner, and identifying analytics talent has become a priority for companies in almost every industry, from health, finance and telecommunications to retail, energy and sports.

Once you complete an MS Business Analytics program, there are many professional avenues to explore. You know all about using data to explain and solve problems, and you're ready to incorporate your analytics to help an organization make better, faster decisions. With your bachelor's degree in tow, what is your next step?

For those eager to apply their analytics expertise to decision-making, business-oriented roles as strategists, consultants, and consumer insights researchers have the responsibility to influence directional change for business improvement. For graduates interested in more tech-heavy roles, positions such as Solution Architect, Analytics Modeler, and Business Intelligence Developer are particularly prominent within the fast-growing finance, technology, and healthcare industries.

Consider four levels of business analysis roles:

Level 1: Business Analyst

Analyzes information for patterns and trends
Implements analytics to solve business problems
Identifies processes and business areas in need of improvement

Level 2: Data Scientist

Creates analytics models and algorithms
Implements technical solutions to solve business problems
Extracts and interprets data

Level 3: Analytics Decision Maker

Leverages data to influence decision making, strategy and operations
Explains and integrates data usage to gain competitive advantage
Uses analytics to drive growth and create better organizational results

Level 4: Analytics Leader

Leads to advanced analytics projects
Aligns business and analytics within the organization
Oversees data management and data governance

During your bachelor's degree program, maximize your performance for these potential analytics careers through experiential learning opportunities, internship experiences, and university resources such as program staff, faculty, and career advice, your specific business interests and skill sets To identify a trajectory that aligns with. Regardless of the path you choose, your acquired skills in business analytics will undoubtedly have a major impact within any organization.

Madrid Software Business Analytics certification course with Excel online training equips you with the analytics skills required to become a Business Analyst.