MBA in Business Analytics in USA is provided across more than 10 colleges. According to Global MBA rankings by QS and FT, The Wharton School under the University of Pennsylvania is the best in USA for Business Analytics. Stern School of Business under NYU and Ross School of Business under Umich rank under 20 in Global MBA Colleges.
For studying MBA in Business Analytics in USA, the tuition costs can be around 51 lakhs per year on average. An MBA graduate can earn between 44 lakhs to 60 lakhs each year. Business Analytics sector is rapidly expanding in USA and creating new career opportunities for MBA graduates. Explore: High-paying Jobs in USA for International Students!
Top Colleges for MBA in Business Analytics in USA
The top colleges for MBA in Business Analytics in USA are as follows:
| University | QS Global Rankings 2022 |
|---|---|
| University of Pennsylvania | #2 |
| New York University | #19 |
| University of Michigan | #20 |
| Boston University | #34 |
| Indiana University | #45 |
| University of Virginia | #54 |
| Michigan State University | #70 |
| Arizona State University | #101-110 |
| Hofstra University | #251+ |
| University of Tennessee | #251+ |
MBA in Business Analytics in USA: Admissions
Students applying for MBA in Business Analytics in USA have to meet the basic criteria set by the colleges. Candidates are advised to go through the basic requirements of each college they are applying to. The general application process and eligibility requirements for MBA Colleges in USA for Business Analytics are mentioned below.
- Online Application: Each College in USA has its own official application portal. Students have to register in the official portal first and then they can submit the application form. Students can also choose to apply via general application portals like Common Application or Coalition Application.
- Application Fee: Along with application forms, students are required to submit a non-refundable application fee as well. Most USA MBA colleges charge from 200 USD (15,909 INR) up to 275 USD (21,875 INR) as an application fee.
- Required Documents: Colleges also demand some documents from applicants for evaluating their applications. The documents required are as follows.
- A bachelor’s degree from a recognized university
- A GPA score of around 3.6/4 (91%) for top MBA colleges
- An average TOEFL iBT score of 90 as proof of English language proficiency
- Essays as required by the colleges
- GMAT scores are also needed for admission to USA MBA programs.
- Minimum 2 years of work experience
- Statement of purpose
- Two to three letters of recommendation
- Updated Resume with work experiences mentioned in it.
Also Check: SOP for MBA in USA!
Test Scores MBA in Business Analytics in USA
The following table shows the eligibility criteria on the basis of GMAT and TOEFL scores for admission in MBA in Business Analytics USA:
| University | GMAT Requirements | TOEFL Requirements |
|---|---|---|
| Ross School of Business (UMich) | 722 | 100 |
| Stern School of Business (NYU) | 730 | 100 |
| The Wharton School (UPenn) | 733 | 80 |
| Questrom School of Business (Boston) | 675 | 90 |
| Kelly School of Business (Indiana) | 700 | 100 |
| Darden School of Business (UoV) | 715 | 106 |
| Eli Broad College of Business (Michigan State) | 660 | 100 |
MBA without GMAT
Admission in MBA Colleges in USA is tough and requires good academic and standardized test scores in order to get selected. However, it is possible to get admission to MBA in the USA without taking a GMAT exam. The colleges that are offering a GMAT waiver have replaced it with work experiences or scholarly research. USA colleges that are offering an MBA in USA without GMAT include Ross School of Business, NYU Stern, Questrom, Eli Broad College of Business etc.
In order to get a GMAT waiver, candidates must qualify for below-mentioned requirements.
- Minimum of 4 years of work experience
- A striking resume
- A GPA of higher than 3.3/4 (88%)
- 2-3 LORs that support the candidate’s profile in favour of the GMAT waiver.
MBA in Business Analytics in USA Fees
The cost of attendance to study in USA for an international applicant can be estimated by dividing it into 3 categories. These include pre-arrival costs, cost of studying, and cost of living in USA.
Pre-arrival Costs
Pre-arrival costs include application fees, Visa application fees, TOEFL costs and also airfare for international students. Given below is a table indicating all these one-time costs for prospective students planning to study abroad:
- Program Application Fees: 15,909 - 21,875 INR
- Visa Application Fees: 12,727 INR
- Health Insurance: 1.98 Lakhs INR
- TOEFL Fees: 14,716 - 15,114 INR
- Airfare: 0.73 Lakhs-1.02 Lakhs INR
Tuition Fees at Top Colleges
The tuition fee for MBA in Business Analytics in USA varies by colleges. The cost can be from 40 lakhs per year up to 63 lakhs per year. Amongst all, Stern School of Business of NYU charges the highest with 62.9 lakhs per year. On the other hand, W.P. Carey School of Business of Arizona State University charges the lowest with 39.8 lakhs per year for MBA program. The tuition fees of some of the MBA Colleges in USA for Business Analytics are tabulated below.
Cost of Living in USA
The cost of living includes housing costs, costs for books & materials, transport, meals and personal expenses for international student. The cost of living in USA for international students may vary slightly depending upon the university and the location. Basic expenses for living in USA are tabulated below.
| Type of Expense | Cost per Year (INR) |
|---|---|
| Books & Material | Up to 1.05 lakhs |
| Food & Beverage | Up to 4.75 lakhs |
| Accommodations | Up to 9.11 lakhs |
| Transportation | Up to 0.80 lakhs |
| Personal Expenses | Up to 1.55 lakhs |
MBA in Business Analytics in USA with Scholarships
All the MBA universities in USA offer some kind of financial assistance to international students. It can be in form of a fellowship or scholarship. Scholarships can cover up to full tuition fees and are granted on the basis of both need and merit. Some of the fellowships and scholarships to study in USA are tabulated below.
| Scholarships | Eligibility & Amount (INR) | Offered By |
|---|---|---|
| Joseph Wharton Fellowship | Excellent academic records | The Wharton School |
| Prism Fellowship | For LGBTQIA community | The Wharton School |
| Dean’s Scholarships | Merit-based; 100% tuition fees | Stern School of Business |
| Named Faculty Scholarship | Merit-based; 100% tuition fees | Stern School of Business |
| Dean’s Scholarships | Merit-based; Up to 100% tuition fees | Questrom School of Business |
| Social Impact Scholarships | Merit-based; Up to 100% tuition fees | Questrom School of Business |
MBA in Business Analytics in USA Scope
Students graduating with an MBA degree with a specialisation in Business Analytics can expect an average salary of 63.61 lakhs per annum. This particular specialisation is in-demand for a variety of industries including Financial Services, Manufacturing, Technology etc. The highest demand is shown by these 3 industries. The highest return on investment is recorded by University of Michigan (Ross) with an average salary of 119.27 lakhs per annum. Explore: MBA Jobs in USA!
| Industries | Demands | Expected Salaries (INR) |
|---|---|---|
| Financial Services | 16% | 59.51 lakhs |
| Manufacturing | 14% | 67.59 lakhs |
| Technology | 13% | 68.04 lakhs |
| Healthcare | 8% | 69.74 lakhs |
| Retail | 5% | 44.13 lakhs |
MBA in Business Analytics vs MS in Business Analytics
It is hard to differentiate between MBA in Business Analytics and MS in Business Analytics as both are somewhat alike with different approaches. While MBA Business Analytics focuses more on the growth of a business and its insights, MS Business Analytics is more focused on data and quantitative research.
| Factors | MBA in Business Analytics | MS in Business Analytics |
|---|---|---|
| Program Type | An MBA specialisation | A full-time degree program |
| Duration | 1 year (after 1 year of MBA) | 2 years (for full-time) and 4 years (for part-time) |
| Focused Area | Computer simulation, data mining, visualisation, predictive modelling and business forecasting | More data-centric with machine learning, programming languages learning and analytical modelling |
| Expected Salary | 63.63 lakhs per annum | 59.65 lakhs per annum |
| Job Profile | Management Roles, Sales, Business Intelligence Analyst | Marketing Analyst, Data Scientist, Quantitative Analyst |
Business Analytics is a fast-growing sector in USA and offering more and more job opportunities by year. MBA graduates with a specialisation in Business Analytics are getting employed in almost every sector as this is currently the most required skill in any profit or non-profit business organization.
People Also Ask
Ques. What is MBA in Business analytics in USA?
Ans. MBA in Business Analytics is a degree in MBA with a specialisation in Business Analytics. It is currently one of the most popular concentrations. The curriculum includes basic business fundamentals with a data-centric perspective.
Ques. Is an MBA in Business Analytics worth it in USA?
Ans. Yes. As Business Analytics is a rapidly growing sector, investing in a MBA course with Business Analytics concentration can be hugely beneficial for students. On top of that, USA provides a huge job opportunity and international exposure which is advantageous for career build-up in any country.
Ques. What kind of job can I get with an MBA in Business Analytics?
Ans. MBA graduates with Business Analytics concentration can get job opportunities as Analytics Consultant, Customer Analytics, Business Analyst Business Intelligence Analyst etc.
Ques. Which is better MBA or MBA in Business Analytics?
Ans. An MBA degree is no doubt beneficial for the current market trend. However, adding a concentration helps the student focus more on their specific career goals. Just like this, MBA in Business Analytics focuses more on business management and applies data science techniques in the business domain.
Ques. Does MBA in Business Analytics require coding?
Ans. Coding skills are not a major requirement for MBA programs with a specialisation in Business Analytics. However, students can find it beneficial for a career as a professional analyst.
Ques. Can a non engineer do MBA in Business Analytics?
Ans. Yes. Students from both engineering and non-engineering backgrounds can study MBA in Business Analytics. Technical skills are always important in studying Analytics but it is not a mandatory requirement for the course.
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