In the current age of big data, artificial intelligence (AI), and the Internet of Things (IoT), data analytics skills can take you far. Today’s companies need knowledgeable individuals to interpret large amounts of data so they can make better data-driven decisions.
A great way to get deep, relevant knowledge in the data analytics field is to pursue a Master of Business Administration (MBA) degree with a data analytics concentration. With this degree, you’ll develop the technical acumen to analyze and report data. You’ll also pick up skills you can apply across several different industries.
5 Reasons to Pursue a Data Analytics Degree
Data analysis is a rapidly growing field worldwide. In a recent report, the World Economic Forum listed “data analyst” as the most in-demand role across all industries. With a data analytics degree, you can position yourself to take advantage of the growing number of opportunities available in this challenging and rewarding field.
Here are five key reasons now is a great time to pursue a degree in data analytics:
1. Varied Career Paths
As technology evolves, companies are finding new ways to collect, sort, and analyze data. As a result, you can apply your data analysis knowledge and skills across many different career paths and industries. Some of the roles you could perform with a data analytics degree include:
- Management operations analyst
- Financial analyst
- Market research analyst
- Cost estimator
- Budget analyst
- Supply chain analyst
2. Introduction to Data Analysis Tools
A data analytics degree provides a solid introduction to the tools and systems you may encounter along a data analysis career path. For example, as you explore trends in predictive analytics, you’ll learn about the analysis programs you may use in the day-to-day activities of a data analytics career.
3. Acquisition of Soft Skills
Pursuing a data analytics degree program isn’t just about building technical know-how. In addition to providing technical knowledge, pursuing a degree in data analytics can also offer coursework and projects that will sharpen your creativity and problem-solving skills. Those soft skills can be invaluable in shaping your career. According to an International Institute of Business Analysis (IIBA) report, surveyed business analysts said that communication, problem-solving, and creative thinking were the top three most important skills required to work in business data analytics.
4. Higher Earning Potential
Companies in need of individuals with data analysis knowledge and experience are willing to pay a very competitive salary to attract them. According to the Bureau of Labor Statistics (BLS), the 2021 median pay for a management analyst was $93,000, considerably higher than the national median for all jobs of $45,760. Other data analysis career paths with median pay above the national average include:
- Cost estimators: $65,170
- Market research analysts: $63,920
- Financial analysts: $81,410
5. Transferable Skills
In today’s digital age, companies in nearly all industries require data analysis to support their operations and growth. With a degree in data analysis, you won’t be limited to a specific industry or type of company. You may be able to apply your data analysis skills in healthcare, finance, government, manufacturing, and many more.
MBA in Data Analytics at Mount Vernon Nazarene University (MVNU)
To start pursuing a data analytics degree, you don’t have to put your life on hold for a lengthy, on-site degree program. Whether you’re working full-time, managing childcare, or juggling other obligations, the MVNU online MBA program can prepare you for a successful career in data analysis.
In this 19-month program designed for working adults, you’ll take nine core MBA classes and three concentration-specific courses, covering business intelligence, predictive analytics, and decision-making using data analytics. The program not only provides a foundation in business management but also delivers career-focused knowledge to prepare you for roles involving statistical analysis, data reporting, and big data projects.
Other key benefits of the online data analytics degree include:
- The flexibility to take a course load that fits your busy schedule.
- The ability to choose from seven class start times throughout the year.
- Access to traditional MBA program courses, including organizational behavior, marketing management, and leadership.
- Affordable tuition that won’t increase once you’re enrolled.
Take the Next Step in Your Educational Journey
Whether you are planning to transition into a new career path or want to build upon your existing credentials, a business data analytics degree from MVNU can take you far. Our MBA degree program offers a flexible, online learning environment that fits into your busy working life so you can expand your knowledge and advance your career.
Taking the next step in your educational journey is critical to your career development. Contact our expert enrollment team to learn more about getting started.
