Job Opportunities in Analytics for MBA

For the past decade, data analytics has been a buzzword and its popularity is expected to continue. This is mainly due to the availability of data and the unlimited information and competitive advantage it can provide if well analyzed. Consequently, this has created a pool of opportunities in job places at all job levels and have created a great demand for data analyst. 

Source: Quantzig

The field of analytics has opened the doors for countless job opportunities in renowned organizations such as IBM, Google, Teradata, Salesforce, Microsoft, ITrend, Oracle, Pentaho, and many more who are making the most out of big data analytics for their business needs. The adoption of big data in business operations has grown from just 17% in 2015 to almost 60% in 2018.  Data analytics is also beneficial to small businesses as it can make their business smarter, efficient and productive. 

It is therefore not surprising that several MBA programs are introducing business analytics courses and programs to train students to take advantage of the surge in careers in analytics. Unlike other careers, the work of a business analyst is very versatile, and their services can be used in several industries: including health, marketing, financial institutions, engineering, among others. Largely the kind of analyst you are depends on the industry, and, the job required of you is dependent on the needs of the company. This makes the field very lucrative in terms of the wide variety of options available. 

Source: Peer Research- Big Data Analytics Survey

Most business analytics jobs are entry-level positions hence are a good opportunity for MBA students and others interested in careers in analytics. The average salary on an entry-level analyst is about $63,355 with an analytics manager making nearly $106,000 per year. Below are some Analytics job positions for MBA graduates interested in data analytics; 

Customer Insights Analyst

Their job includes combining data analytics with market research in order to make business decisions and support revenue growth. Customer insights analysts are responsible for providing reports regarding sales trends and groups for the potential development of the company. The salary of a customer insight analyst ranges from $56,583 to $96,065 per year.

Digital Marketing Analyst

The job of the digital marketing analyst typically involves the development, implementation and monitoring online marketing activities that promotes a company and its products and services. The annual salary of a digital marketing analyst ranges from $39,000 to $76,000.

Quantitative Analyst/Modeler

Quantitative analysts utilize mathematical and statistical methods to analyze data in order to spot out prospects with respect to financial investment opportunities and/or risk management problems. The annual salary of a quantitative analyst ranges from $61,000 to $140,000 annually. 

Source: Adamalami

Data Analytics Consultant

Data analytics consultants oversee the delivery of insights to a company for helping the business to improve and perform better. These consultants also analyze data and provide information pertinent to making cost-effective production decisions and the implementation of new business policies. These jobs are most suitable for people who like change and are willing to work remotely. The annual salary for a data analytics consultant ranges from $65,000 to $115,000.

Transportation Logistics Specialist

Mostly large shipping companies as such Amazon, UPS and airlines hire transportation logistics specialists. Their role includes optimizing/advancing transportation of physical goods meaning that identifying the most efficient paths for delivering products and services safely and securely. They deal with large amounts of data to pinpoint and eliminate bottlenecks in transit.  Their salary ranges from $24,000 to $51,000 per year.

Management Analyst

Management analysts ensure business success by using data to safeguard against risks. Their job involves conducting organizational studies and evaluations, design systems and operations. They work with managers to ensure smooth and efficient operations at all departments and the organization at large. Their salary ranges from  $35,000 to $124,000 per year.

Other Analytics jobs are:

• Accounting/Financial data Analyst
• Salary $43,000 to $95,000
• Operations Analyst
• Salary $39,000 to $75,000
• Information Technology Analyst
• Salary $44,000 to $84,000
• Health care data analyst
• Salary $43,000 to $95,000