Ever since we were kids, it has been drilled into our heads that we must get good grades in school to get a good job. We want a job that pays well to enjoy the best things life offers. That is why in this article, we will discuss the best jobs that can help finance your dream life and how to get them.
What is an MBA with a specialization in Data Analytics?
MBA data analytics is a degree that provides students with business and data analytics skills. Business technology, information technology, and data analytics are the main topics taught in this degree. After completing their degree, students will have hands-on and practical research experience combined with knowledge of best business practices that improve their professional skills and help them make better business decisions. The cost of an MBA in Data Analytics differs from college to college.
Why get a degree in MBA with a specialization in Data Analytics?
Firstly, it is a field with growing opportunities. Big firms offer immense growth and impressive salaries to people who have expertise in data analytics to help them understand and take advantage of data. Data helps businesses learn what is working and remove what is not to save time and money. Secondly, you will work with exciting new technology like AI and mobile business intelligence. The data analytics industry involves major trends like AI, human oversight, data-driven decision-making, and mobile business intelligence (BI). These trends for 2020 Data Analytics and Beyond help any business that invests in them to become cost-effective, improve services, and make informed decisions.
The data analytics industry is massive. In 2020, it was valued at $190+ billion and will reach over $680+ billion by 2030, according to experts. You can rest assured that the data analytics industry won’t go belly up anytime soon.
Business analysts are analytical thinkers skilled at finding solutions to business problems. They improve their client’s finances and efficiency. They look for solutions to problems a company may have and help them make informed decisions on how to solve them. Also, business analysts work with a wide range of people including, the staff, company executives, IT department, and customers, to identify problems. Business analysts spend most of their time doing research and asking questions. They do this to gain an adequate understanding of projects and how to improve them. Many sectors require business analysts such as:
- Oil & gas
- Health care
- Management consulting
- Software services
Business Analyst Salary
The entry-level salary for business analysts is around $50k a year. After gaining experience, they can expect to make $70k a year. Top-level business analysts can expect to make over $90k a year.
Systems analysts are individuals who have a wide array of skills. They include:
- Comprehensive knowledge of hardware, software, and programming
- Logical problem-solving
- Exceptional analytical skills
- Quick learner
- Excellent oral communication
- Exceptional written communication
- Exceptional planning skills
- Outstanding negotiating skills
- Invested in learning how organizational processes function
Systems analysts’ primary role is to inspect a company’s computer systems and procedures and find ways to improve them. They work closely with the company’s executives and their team members. Systems analysts’ usually specialize in computer systems relevant to their industry. For example, a systems analyst in the finance industry will specialize in financial computer systems. Some are also known as IT project managers as they oversee a project’s progress to make sure everything is in line with company standards. There are three types of systems analysts.
They specialize in selecting hardware and software systems and designing technical solutions per company goals.
Software Quality Assurance (QA) Analysts
They conduct in-depth system testing to identify problems and how to solve them.
They design apps for their company. They also create and update their system’s software.
Systems Analyst Salary
The entry-level salary for systems analysts is over $40k a year. After gaining experience, they can expect to make $70k a year. Top-level systems analysts can expect to make over $100k a year.
Business Intelligence (BI) Developer
Business intelligence (BI) developers work directly with the decision-makers in their company with the help of data analysis and technology. They also have a wide array of skills required for the job. They are:
- Project planning
- Software development
- Technical knowledge
- Experienced in working with BI tools
- Previous experience in database or database administrator roles
- Business analysis
- Exceptional communication skills
- Excellent public speaking skills
- Outstanding collaboration skills
Business Intelligence developers work with business intelligence software. They compile and simply information for their company. They are also involved in repairing and restoring computer programs utilized for intelligence. Lastly, they work with other data engineers for long-term projects on intelligence.
Business Intelligence Developer Salary
The entry-level salary for a business intelligence developer is over $50k a year. After gaining experience, they can make over $80k a year. Top-level business intelligence developers can expect to make over $100k a year.
Operations Research Analyst
Operations research analysts are individuals who have a wide range of fundamental qualities required for the job. They are:
- Outstanding analytical skills
- Exceptional communication skills
- Excellent critical-thinking
- Strong Mathematical Application
- Outstanding interpersonal skills
Operations research analysts identify complex problems and their possible solutions. They are responsible for improving a company’s business practices through examining:
- Requirements for labor
- Other day-to-day operations
Operations research dates back to world war II. Businesses later adopted the practice to solve their problems. Operations research analysts use high-level techniques such as:
- Big data mining
- Statistical analysis
- Mathematical modeling
These techniques help businesses improve their efficiency and cost-effectiveness.
Operations Research Analyst Salary
The entry-level salary for an operations research analyst is over $40k a year. After gaining experience, they can make over $70k a year. Top-level operations research analysts can expect to make over $100k a year.
MBA with a specialization in data analytics is one of the best degrees you can take. It is challenging but not impossible to complete. After its completion, you can work as a business analyst, systems analyst, business intelligence developer, and operations research analyst, among others. Companies are paying top-dollar to individuals with expertise in the roles mentioned above. The data industry is growing exponentially and will not be going down anytime soon.
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