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How to increase your earning potential with business analytics

Wednesday, July 31, 2019 | 12:00 AM

Business analytics expert looking at a iPad with chart data displaying on the screen.

When deciding on a career path, you have unlimited options and life-changing choices to make. Regardless of what you studied as an undergraduate or how long it has been since you graduated college, you always have the choice to take steps that can advance your career, increase your salary, and improve your quality of life.

One of these steps upward is to earn an advanced degree that will give you the skills needed to be a more in-demand and competitive candidate in the job market. A graduate degree will allow you to become a more valuable employee in your current career track or to make an exciting career switch to a more lucrative field.

Specifically, a Master of Science in Business Analytics will open the door to higher salary potential, job security, and career satisfaction in our data-focused world. Business analysts use data and advanced statistical techniques to help companies understand past performance and plan for future success with insightful and actionable conclusions. Companies no longer rely on simple intuition to make important decisions. They depend on skilled analysts to provide data-driven guidance.

Business analysts are critically needed in every industry, including banking, education, human resources, healthcare, and entertainment, as well as in government and non-profit organizations. There are endless, high-earning career possibilities when you understand how to use the power of business analytics. According to the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics, here are some of the most common job titles and salaries that someone with a Master of Science in Business Analytics can achieve:


Management Analyst

  • $83,610 median pay (2018)
  • 14% growth in employment (2016-2026)

Market Research Analyst

  • $63,120 median pay (2018)
  • 23% growth in employment (2016-2026)

Financial Analyst

  • $85,660 median pay (2018)
  • 11% growth in employment (2016-2026)

Operations Research Analyst

  • $83,390 median pay (2018)
  • 27% growth in employment (2016-2026)

Information Security Analyst

  • $98,350 median pay (2018)
  • 28% growth in employment (2016-2026)

By 2020, there will be an estimated 2.7 million job openings for data scientist and analyst roles in the U.S. Take charge of your career and be prepared to take advantage of this opportunity.

Learn more about the 100% online Master of Science in Business Analytics from the University of Texas Rio Grande Valley.


Sources:

https://www.bls.gov/ooh/business-and-financial/

https://www.pwc.com/us/en/library/data-science-and-analytics.html


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