MBA is not necessary to become a Business Analyst. However, an MBA education is always good for a Business Analyst profile if the profile is more facing toward the business/customer side of things. MBA degree can assist a person see the big picture of a company and understanding how the business, economy, and complete ecosystem work. Here is a look at some of the most prominent MBA specializations most beneficial for business analysts.
MBA Information Technology
What is it?
An MBA in Information Technology will prepare you to work as a technology business manager. Students learn disciplines like robotics, data science, and computer science in addition to the numerous business foundations by integrating business tactics with technological studies.
The Benefit of Business Analysis
MBA Information Technology students learn how to build, deploy, and operate various advanced programs and systems, assisting businesses in handling the ever-growing amount of data generated.
Information is collected, stored, and organized using management information systems (MIS). Users can generate extensive reports based on the review of this data and use them to evaluate overall performance, implement modifications, and provide feedback.
E-Strategy & Management Information Systems, Business Analytics, Data Management, Data Visualization, Risk Management & Decision Making, and other topics are covered in an MBA Information Technology program. Following graduation, you could work as a:
$67,900 per year for a Business Intelligence (BI) Analyst
$78,700 per year as information technology (IT) consultant
Manager of Information Systems (IS) – $83,400 per year
Most MBAs in Information Technology last one or two years, while other programs continue longer. Online MBAs in Information Technology are also available.
MBA Business Analytics
What is it?
This is one of the hottest MBA concentrations right now. People specializing in business analytics and statistics are in high demand as Big Data becomes a major aspect of the company. Data collecting, statistical and pattern analysis, data mining, and basic business themes are all areas that students must study.
Graduates of an MBA with an emphasis in business analytics are better prepared to use business intelligence and make data-driven decisions. Those who grasp in-demand data analytics skills should have a positive job outlook and expand career options for the next decade and beyond.
The Benefit of Business Analysis
Data Analyst, Data Scientist, big data analytics, Business Intelligence analyst, market research analyst, and many other MBA Business Analytics jobs are available.
The importance of having a global need for Business Analytics cannot be overstated! Leading national and worldwide firms hire professionals with a Business Analytics MBA. This allows you to pursue a career that has worldwide appeal and allows you to travel the world while doing so.
The business world necessitates everyday encounters with various specialists from various professions. You’ll also get the opportunity to improve your interaction and communication skills with this degree. That’s not all! This degree teaches you how to network and form solid, long-term relationships. These ties are frequently beneficial in one’s working life.
The field of business analytics is very new. With technical breakthroughs, it is continually evolving. As a result of these variables, the area has untapped talent and undiscovered opportunities. A master’s degree allows you to identify and take advantage of these changes. So, if you want to try something new while also developing a diverse career, this is the field for you.
MBA Operations Management
What is it?
Similar to logistics or supply chain management, an MBA specialization in operations management is available. Operations management entails managing, planning, and implementing the full product and service production process. Students should have a strong understanding of risk management and strategic thinking.
Inventory Control Manager, Supply Chain Manager, Purchasing Manager, and Logistics Manager are some of the job roles.
The Benefit of Business Analysis
MBA programs offering operations management teach students how to utilize mathematical models and systems while improving their analytical skills. With this expertise, future graduates will be able to improve the quality of services and goods while cutting manufacturing costs.
Some of the specialized courses you’ll take include: Mathematical Modelling, Operations Strategy, Data Logistics, Analysis & Interpretation, and so on. There are a variety of jobs available for graduates having this MBA:
$59,900 per year for a Supply Chain Analyst
$64,700 per year for the Operations Manager
$82,200 per year for a Supply Chain Manager
An Operations Management MBA can be completed in one or two years. Do you lack time to get a regular degree? Online MBAs in Operations Management are usually a good option.
MBA Finance
What is it?
Another popular option for graduate students is a finance MBA. Students will study fundraising, borrowing, investments, portfolio management, international financial management, and finance theory and analysis.
Financial Analyst, Accounting Manager, Chief Financial Officer (CFO), and Investment Banking Manager are some of the possible roles you can land.
The Benefit of Business Analysis
If you intend to study an MBA, enjoy working with numbers and budgets, and have a good eye for detail, an MBA in Finance might be the right option.
Portfolio management, fund management, investments, fundraising, corporate budgeting, and investment analysis are topics covered in this MBA. Some of the most common post-graduation careers include:
$58,800 per year as a financial advisor
Accounting Manager – Annual Salary: $71,200
CFO (Chief Financial Officer) – $132,800 per year
A Finance MBA will take you one or two years to complete. You can also send an application for an online MBA in Finance.
MBA Consulting
What is it?
An MBA in Consulting will prepare you to work as a business consultant. It is a position with a wide range of responsibilities. Students who pursue a career in consulting are likely to take courses in communication, business problem solving, presentation skills, and a variety of other business courses. If they want a flexible but lucrative career path in business, many students choose to consult.
Business Consultant is a possible job role.
The Benefit of Business Analysis
Regular business courses are combined with education in business communication, consulting, negotiation, company strategy, organizational behavior, and ethics, among other areas, in MBA programs in consulting. With this strategy, students can better understand the impact of organizational dynamics and human relations.
People who like verbal and written communication, are effective listeners, and can analyze and provide feedback can thrive as consulting MBAs. You can get high-paying employment with an MBA in consulting, such as:
Business Development Manager – Annual Salary: 72,200 USD
$73,500 per year for a business consultant
$87,200 per year as a Management Consultant
An MBA in Consulting usually takes 1-2 years to complete. If your schedule prevents you from enrolling in an on-campus program, you might look at online MBAs in Consulting.
MBA Marketing
What is it?
Marketing is among the most popular MBA specialties, and it’s easy to see why. Marketing is a fascinating field that is always in demand and may pay off handsomely. Students learn about customer behavior and how to create appealing commercials and products. Branding, market research, consumer psychology, and digital marketing are just a few covered topics.
Marketing Managers/Directors, Market Research Analysts, Product Managers, Public Relations Managers, Advertising Managers, and Brand Managers are all examples of marketing managers/directors.
The Benefit of Business Analysis
An MBA in marketing is a wonderful option if you intend to find marketing management or administration employment. While the Marketing MBA includes normal business courses, it focuses a major emphasis on developing marketing skills and expertise.
Marketing research, product development, digital marketing, branding, advertising management, and various other topics are all widespread. After graduation, you can work in a range of jobs. Some well-known examples are as follows:
Marketing Manager – $64,850 per year
$79,000 per year as a Market Research Director
Director of Sales – $90,950 per year
MBAs in marketing take between one and two years to complete. You can dig into online courses if you cannot enroll in a traditional on-campus program.
MBA Human Resource Management
What is it
HR may be the ideal MBA specialization if you envisage yourself in the company for the long haul and are a people person at heart. Human resource management often refers to the employment of personnel and their training and administration by the company’s policies.
The Benefit of Business Analysis
Human Resource Management is one of the most prominent MBA specialties. This MBA program helps students improve their human resource management expertise while also studying more regarding business administration, strategy, and other related areas.
Organizational Behaviour, Negotiation, Managerial Finance, Business Law, and other courses are common during an MBA in Human Resource Management. Here are a few job opportunities that you can pursue after graduation:
Manager of Human Resources (HR) – $66,900 per year
Manager of Employee Relations – $75,400 per year
Director of Human Resources (HR) – $88,000 per year
Human Resource Management MBAs take one or two years to complete. Online MBAs in Human Resource Management are also available, allowing you to work on a more flexible schedule while also handling other duties.
Conclusion
Finance, accounting, marketing, general management, and entrepreneurship are the most common MBA concentrations, but that doesn’t imply they’re suitable for you. Make a list of your strengths and passions. Which of the MBA concentrations listed above piques your interest? Is there a particular one that stands out?
If that’s the case, learn more about your MBA interest. Make a list of your skills and career objectives and match your MBA specialization to them. You’ll also need to consider the future, determining which business sectors are in demand now and are also predicted to increase and which of these concentrations are available at your institution.
