The field of business analytics, sometimes referred to as data science, is a rapidly growing career field, expected to grow 14 percent from 2014 to 2024 . Average starting salaries ranging from $57,000 to $65,000 depending on your specific area of expertise.
All business and organizations require analysts who can use data and mathematical and statistical models to assist in making smart decisions in all of the functional areas of business. A financial analyst may want to predict returns on a stock or index based on historical data. A farmer may want to know the best times to spray for pests or to fertilize to save money and protect crops. A production engineer may want to predict the time it takes to complete a given task. A media buyer may want to measure the impact of advertising on sales. A healthcare analyst may bolster the efficiency and profit of medical facilities by evaluating their financial activity, data management and services.
Common career options for Business Analytics degree graduates:
Where Business Analytics Alumni Work