Senior Content Specialist | Updated On - Mar 28, 2024
MS in Business Analytics in USA is an 8-12 months graduate degree program available for all domestic and international students. For admission to the program, you must have an undergraduate degree with a GPA of 3.0-3.6 on a 4.0 scale (83-89%). While many top universities for MS in Business Analytics in USA require GMAT/GRE scores, some like USC Marshall, Texas A&M University, and Wisconsin School of Business waive the GRE requirement. Generally, a GRE score of around 167 in verbal and quant is preferred for admission to the program.
The average tuition fee for MS in Business Analytics in USA is around USD 67,000 (INR 54.72 lakhs). MS in Business Analytics in USA assures a good ROI with graduates earning an average salary of USD 75,000 (INR 61.30 lakhs) per year. With access to top-ranked universities, a robust job market, and proximity to leading tech giants like Amazon and Apple, the USA offers unparalleled opportunities for students. Some popular companies employing Business Analysts in USA are American Express, Capital One, AIG, and Boeing.
MS in Business Analytics USA: Course Highlights
| Program | MS in Business Analytics in USA |
| Program Type | Full time |
| Program Duration | 1 year |
| Eligibility Criteria | 4-year bachelor’s degree or 3-year equivalent |
| GPA | 3.0 to 3.6 on a 4.0 scale (83-89%) |
| English Proficiency Requirements | Minimum TOEFL iBT: 79 to 105 |
| Annual Tuition Fee Range | 39,000 to 90,586 USD (INR 31.87 to 74.03 lakhs) |
| Average Annual Salary | 75,000 USD (INR 61.30 lakhs) |
| Top Employers | American Express | Capital One | AIG | Boeing | Morgan Stanley |
Which are the Top Universities for MS in Business Analytics in USA?
A list of the top universities for MS in Business Analytics in USA and their tuition fees are provided below:
| QS World University Ranking (2024) | University | Total Tuition Fees (USD) | Fees (INR) |
|---|---|---|---|
| #1 | Massachusetts Institute of Technology | 87,600 | 72.6 Lakhs |
| #29 | University of California, Los Angeles | 68,710 | 56.94 Lakhs |
| #58 | University of Texas at Austin | 53,000 | 43.92 Lakhs |
| #62 | University of California, San Diego | 67,950 | 56.31 Lakhs |
| #99 | Purdue University | 56,700 | 46.99 Lakhs |
| #136 | Michigan State University | 39,000 | 32.32 Lakhs |
| #=304 | University of Notre Dame | 60,734 | 50.33 Lakhs |
| #179 | Arizona State University | 61,058 | 50.60 Lakhs |
| #=118 | University of California, Davis | 60,104 | 49.81 Lakhs |
Why Study MS in Business Analytics in USA?
USA is one of the prime locations to pursue MS in Business Analytics. After graduating with Master of Business Analytics in USA, you can earn high salaries in top companies like Wells Fargo, City, and Capital One.
| Factor | USA | UK | Canada |
|---|---|---|---|
| Top Universities | 15+ QS ranked universities (MIT - #1) | Fewer universities in QS Top 10 | Not same concentration of top-ranked programs |
| Job Market | Higher vacancy rate (99,400 annually) | Less strong job market than USA | Lower vacancy rates |
| Industry Hub | Major tech companies (Amazon, Apple) headquartered in USA | Tech presence not as concentrated as USA | Few opportunities with leading brands |
USA is a preferred destination for pursuing a Masters in Business Analytics due to its renowned universities like Massachusetts Institute of Technology and UCLA. They offer cutting-edge programs to address contemporary business challenges. The booming market, projected to reach $103.65 billion by 2026, signifies the ever-growing employment prospects in the field of business analytics.
What is the Admission Process for MS in Business Analytics in USA?
MS in Business Analytics in USA is majorly offered in the Fall and Winter terms.
- To secure admission to MS in Business Analytics in USA, you need to identify universities offering MSBA programs and check their specific entry requirements.
- Then, you pay a minimal application fee and submit documents like SOP, LORs, transcripts, video essays, GMAT/GRE scores, etc.
- After acceptance to the university, you can apply for a US student visa.
MS in Business Analytics in USA Eligibility Criteria
International students must check the detailed eligibility criteria before applying to top US universities. The common application requirements for international students to pursue Masters in Business Management in USA are as follows:
| Eligibility Criteria | Requirement |
|---|---|
| Undergraduate Degree | 4-year undergraduate or 3-year equivalent degree |
| GPA | 3.0 to 3.66 out of 4.0 (83-92%) |
| Average GRE Score | 167 in the quant section |
| Average GMAT Score | Between 640 to 750 |
| English Proficiency Test Score | TOEFL pBT: 600, TOEFL iBT: 93, IELTS: 7.5 with 7.0 in each section |
Some other documents required for admission to Masters in Business Analytics in USA are –
- SOP: A majority of the universities in USA require a 500-word SOP, demonstrating student's objective for pursuing the program.
- Essay: A personal essay within the word limit stated by a specific university might be required for admission.
- Letters of Recommendation: 1-3 LORs from academic and professional supervisors (if available) are required.
- Professional Experience: Prior work experience, ideally 1-2 years, enhances your application for a Master's in Business Analytics in the USA. Internship experience is also valued
MS in Business Analytics in USA: University-wise Admission Requirements
The university-specific admission requirements for MS in Business Analytics in USA are provided in the following table.
| University | GPA Requirement | Additional Documents |
|---|---|---|
| Massachusetts Institute of Technology | 3.8 or above on a 4.0 scale (92-93%) | Full time 2-3 years paid work experience | 3 LORs | 1 page resume |
| University of California, Los Angeles | 3.0/4.0 (83-86%) | Experience or coursework in Computer Programming |
| University of Texas at Austin | 3.66 out of 4.0 (90-92%) | 2 LORs | Personal essay | Resume | 1 minute video essay |
| University of California, San Diego | 3.0/4.0 | 2 LORs | Resume or CV | SOP (500 words) |
| Purdue University | 3.0/4.0 GPA (83-86%) | 2 LORs | Resume | SOP | Essays |
| Michigan State University | 3.5/4.0 cumulative GPA (89-90%) | Work experience optional | Knowledge of programming languages- C, C++, Python, Java, and HTML |
| University of Notre Dame | 3.45/4.0 (88-89%) | Not mandatory |
| Arizona State University | 3.0 on a 4.0 scale (83-86%) | 1 LOR | Current resume |
| University of California, Davis | 3.5/4.0 (89-90%) | Average 2 years of work experience |
MS in Business Analytics Exam Score Requirements
| University | TOEFL Score Requirement | GMAT/GRE score Requirement |
|---|---|---|
| Massachusetts Institute of Technology | Minimum: 90 Recommended: 100 |
GRE Quant Range: 165-170 GRE Verbal Range: 154-167 |
| University of California, Los Angeles | 87 | GMAT Score: 710 GRE Score: 167 in quants |
| University of Texas at Austin | 79 | Not Required |
| University of California, San Diego | 105 | Not Required |
| Purdue University | 93 | Not Required |
| Michigan State University | 100 | Not Required |
| University of Notre Dame | 84 overall (22 in writing and 17 in all other sections) | GMAT score: 640-750 |
| Arizona State University | 80 | Not Required |
| University of California, Davis | 80 | Average GRE quant score: 167 |
How much does it cost to study MS in Business Analytics in USA?
The tuition fee for MS in Business Analytics in USA can range between USD 39,000 to 90,586 (INR 31.87 to 74.03 lakhs) across universities. A comparison of tuition fees for MS in Business Analytics in the top universities in USA is as follows:
Cost of Living in USA
For an international student, the cost of living in the USA varies between 47,000 to 50,000 USD (38 to 41 lakhs INR) per year. The average annual cost of living in USA for international students is tabulated here:
| Expense Type | Average Annual Expense (USD) | Cost for Indian Students (INR) |
|---|---|---|
| Accommodation | 20,000 to 23,000 | 17-19 lakhs |
| Meals | 8,500 | 7 lakhs |
| Transportation | 2,200 | 1.8 lakhs |
| Health Insurance | 6,700 | 5.5 lakhs |
| Personal Expenses | 9,100 | 7.5 lakhs |
| Total | 47,000 to 50,000 | 38 to 41 lakhs (approx.) |
Want to study in USA but afraid of super expensive Cost of living?: Watch the video below and get to know about Fully funded scholarships in USA
What are the Scholarships available for MS in Business Analytics in USA?
With tuition fees ranging as high as 90,600 USD (74.98 lakhs INR) per annum, scholarships are essential for Indian students pursuing MS in Business Analytics in USA. Some of the scholarships provide full tuition fee waiver and other expense coverage. A list of the popular scholarships for international students in USA pursuing MSBA in USA is provided below:
| Scholarship | Eligibility | Award Value |
|---|---|---|
| Fulbright Nehru Masters Scholarships | 4-year bachelor’s degree, work experience of 3 years | Full tuition fees |
| AAUW International Fellowships | US equivalent bachelor’s degrees | USD 20,000 to 50,000 |
| Inlaks Shivdasani Foundation Scholarship | Students born after January 1, 1992, Minimum overall grade: 65% | Up to USD 100,000 |
| Broker Fish International Student Scholarship | 500-1000 words essay | USD 1,000 |
What is the Job Scope after MS in Business Analytics in USA?
According to payscale, the average salary after MS in Business Analytics in USA is 75,000 USD (61.30 lakhs INR) per annum. A list of the popular jobs pursued by MS in Business Analytics graduates in USA according to Payscale is provided below:
| Profession | Average Salary (USD) | Average Salary (INR) |
|---|---|---|
| Data Analyst | 70,000 | 57.21 lakhs |
| Data Scientist | 91,000 | 74.38 lakhs |
| Analytics Consultant | 80,000 | 65.38 lakhs |
| Senior Business Analyst | 93,000 | 76.01 lakhs |
| Business Intelligence Analyst | 69,000 | 56.39 lakhs |
| Business Analyst | 66,720 | 54.53 lakhs |
Is Masters in Business Analytics in USA worth it?
The universities in USA provide excellent return on investment to international students pursuing MS in Business Analytics. Following are some of the top universities offering MS in Business Analytics in USA, and a comparison between their fees, and graduate salary:
| University | Total Tuition Fee (USD) | Average Graduate Salary Per Year (USD) |
|---|---|---|
| Massachusetts Institute of Technology | 86,300 | 115,000 |
| University of California, Los Angeles | 68,710 | 87,000 |
| University of Texas at Austin | 53,000 | 79,000 |
| University of California, San Diego | 90,586 | 85,000 |
| Purdue University | 56,700 | 80,000 |
| Michigan State University | 39,000 | 74,000 |
| University of Notre Dame | 57,300 | 84,000 |
MS in Business Analytics vs MBA In Business Analytics in USA
The MS in Business Analytics (MSBA or MBAn) program equips students with modern data science and machine learning skills to tackle real-world business challenges. Through coursework in data mining, statistical modeling, forecasting, and data visualization, you learn to analyze large datasets and derive insights for improving business operations and strategic decision-making. Students are often confused between opting for MS in Business Analytics in USA vs MBA in USA. The choice can be taken considering multiple factors such as -
| Factor | MS in Business Analytics (MSBA) | MBA in Business Analytics (MBA) |
|---|---|---|
| Focus | Deep dive into business analytics | Broad business knowledge with focus on analytics |
| Skills Developed | Data analysis, programming, machine learning, data visualization | Marketing, operations, finance, accounting, leadership |
| Work Experience Requirement | Typically not required | Typically 5-7 years of work experience required |
| STEM Designation | Yes (potentially beneficial for immigration) | No |
| Coursework | Programming, data mining, artificial intelligence, statistics | Finance, marketing, accounting, business strategy |
| Job Opportunities | Data Analyst, Marketing Analyst, Business Intelligence Analyst | Product Manager, Business Intelligence Manager, Management Consultant |
MSBA programs are typically shorter (1-2 years) than MBAs (2 years). MS in Business Analytics in USA can be slightly less expensive than MBAs. MSBA graduates are well-suited for technical roles, while MBAs with a Business Analytics concentration can transition into leadership or management positions.
Which college is the best for MS in Business Analytics in USA?
A comparison between some of the top universities in USA offering MS in Business Analytics is provided here:
| Particulars | Massachusetts Institute of Technology | University of California, Los Angeles | University of Texas at Austin |
|---|---|---|---|
| QS Rankings 2023 | #1 | #44 | #72 |
| Degree Requirement | 4 years undergraduate degree or 3 years equivalent | Undergraduate degree | Undergraduate degree in a quantitative field |
| GPA | 3.8/4.0 (92-93%) | 3.0/4.0 (83-86%) | 3.66/4.0 (90-92%) |
| TOEFL iBT Score | Minimum: 90, Recommended: 100 | 87 | 79 |
| Standardized Test Score | GRE Quant: 165-170 GRE Verbal: 154-167 |
GMAT Score: 710 GRE Score: 167 in quants |
Competitive GRE or GMAT score (No bar) |
| Tuition Fee | 86,300 USD (70.59 lakhs INR) | 68,710 USD (56.2 lakhs INR) | 53,000 USD (43.35 lakhs INR) |
| Average Annual Graduate Salary | 115,000 (93.99 lakhs INR) | 87,000 (71.09 lakhs INR) | 79,000 (64.56 lakhs INR) |
MS in Business Analytics in USA is a program with a high return on interest. Leading companies globally appreciate an MS in Business Analytics from USA. With growing opportunities for Business Analysts worldwide, MSBA in USA is a perfect choice for you to secure a great career ahead.
FAQs
Ques. Is MS in Business Analytics in USA worth it?
Ans. MS in Business Analytics in USA is one of the premium courses. The degree is recognized by the top employers in Business Analytics field. After graduating with MS in Business Analytics in USA, students can work as Data Scientists, Data Analysts, Analytics Consultants, Business Analysts and related professionals.
Ques. Which university is best for MS in Business Analytics in USA?
Ans. Massachusetts Institute of Technology is currently the best university in USA for MS in Business Analytics program. UCLA, UT Austin and Arizona State University are also some top ranked universities offering Masters in Business Analytics.
Ques. Is MS in Business Analytics a STEM course in USA?
Ans. Yes. MS in Business Analytics in USA is a STEM degree program. Being one of the top STEM courses in USA, MS in Business Analytics provides skillsets around data mining, data visualization, large data set analysis, statistical modeling and related fields.
Ques. Is GRE required for MS in Business Analytics?
Ans. Majority of the universities in USA for MS in Business Analytics require competitive GRE scores. Students need a GRE score of around 167 in verbal and quants to apply for admission. Alternatively, GMAT scores between 650 to 740 are accepted by few universities.
Ques. How much is the cost of MS in Business Analytics?
Ans. With tuition fees ranging from 39,000 to 90,586 USD (31.87 to 74.03 lakhs INR) the cost of MS in Business Analytics in USA widely varies across universities.
Ques. How long is Masters in Business Analytics in USA?
Ans. The duration of MS in Business Analytics in USA generally ranges between 8 to 12 months. The program is ideal for working professionals seeking an accelerated master’s degree.
Ques. Is MS in Business Analytics better than MBA in USA?
Ans. MS in Business Analytics is a program for students with an interest in Data Science, Analytics and related industries, while, MBA in USA is a core program for students with overall interest in business administration. The average salary after MS in Business Analytics in USA is around 75,000 USD (61.30 lakhs INR) per annum according to Payscale. MBA graduates in USA earn an average salary of 90,000 USD (73.55 lakhs INR) per year, which is quite higher than MS in Business Analytics.
Ques. Does MS in Business Analytics in USA need coding?
Ans. Yes. Some of the top universities in USA requires extensive knowledge in programming languages like C, C++, HTML, Java, and Python. Students also need technical skills like Data Visualization, Data Cleaning, SQL, NoSQL, Machine Learning for some of the programs.
Ques. Who is eligible for MS in Business Analytics in USA?
Ans. For admission to MS in Business Analytics in USA, prospective students need a 4 year bachelor’s degree or its 3 year equivalent in a relevant program. Applicants need a minimum GPA of 3.0 to 3.66 out of 4.0 (83-92%), GRE score of 167 in verbal and quants or GMAT score between 650 to 740. International students must demonstrate a minimum TOEFL score between 79 to 105, SOP for USA (500 words), personal essay, 1-3 academic and professional LORs from supervisors. Students need coursework in programming and knowledge in languages like C, C++, HTML, Java, Python among others. Majority of the universities expect 1-2 years of full time work experience in relevant field. Some of the top universities like UT Austin, UC San Diego, University of Notre Dame and others accept students without work experience.
Ques. Are Business Analysts in demand in USA?
Ans. Yes, business analysts in USA are in high demand. Graduates in USA secure employment across companies like American Express, Capital One, AIG, Boeing, and Morgan Stanley. The average salary of Business Analysts in USA is around 75,000 USD (61.30 lakhs INR) per year.
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