Content Strategy Manager | Updated On - May 23, 2024
Highlights:
- Top Universities: Some top universities in the USA offering MBA in Business Analytics are University of Pennsylvania, New York Institute of Technology, and Boston University.
- Average GMAT Score: The average GMAT score for students admitted to MBA programs in Business Analytics at top universities in the USA is around 723-732.
- Acceptance Rate: The acceptance rate for MBA programs in Business Analytics at top universities in the USA is quite competitive, ranging from around 13% to 19%.
- Cost of Attendance: The annual tuition fees for MBA programs in Business Analytics at top universities in the USA can range from around USD 37,044 to USD 87,370.
- Annual Salaries: The median annual wage for business analysts was $90,010 in May 2022 BLS.
MBA in Business Analytics in USA is a 1 to 2 years program, offered at more than 100 universities. The eligibility criteria for the MBA in Business Analytics in USA include a 4 year Bachelor's degree with a grade point average of 3.0 or above on a 4.0 point scale (85%). For international students, proficiency in English is necessary, demonstrated through TOEFL scores of 90 to 100 or IELTS scores of 6.5 to 7.0. The total annual tuition fees of the top universities for MBA in Business Analytics in USA range from USD 37,044 to USD 87,370 equivalent to 30.81 lakhs to 72.68 lakhs INR.
Future Prospects
The job outlook for Business Analytics is good in the USA. Graduates of an MBA in Business Analytics in USA can earn an average annual salary of about USD 83,000 (69.14 lakhs INR). Top employers after an MBA in Business Analytics in USA are McKinsey & Company, Bain & Company, Boston Consulting Group (BCG), Google, Amazon, Microsoft, IBM, Oracle, JPMorgan Chase, Goldman Sachs, Citibank, and more.
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Top Universities for MBA in Business Analytics in USA
The US has some of the world's leading universities offering MBA programs with Business Analytics specializations, according to QS World University Rankings. These universities offer a prestigious education and strong alumni networks. The top universities offering MBA in Business Analytics in USA are -
| QS World University Rankings 2024 | University | Application Fees (USD) | Annual Total Tuition Fee (USD) |
|---|---|---|---|
| #12 | University of Pennsylvania | 275 | 87,370 |
| #33 | University of Michigan | 200 | 69,696 |
| #93 | Boston University | 125 | 73,772 |
| #313 | Indiana University | - | 74,352 |
| #260 | University of Virginia | 250 | 70,200 |
| #136 | Michigan State University | 85 | 57,000 |
| #179 | Arizona State University | 115 | 48,000 - 58,000 |
| #1 | Massachusetts Institute of Technology | 75 | 82,000 |
| #47 | Northwestern University | 200 | 81,015 |
| #23 | Columbia University | 210 | 84,496 |
| #10 | University of California, Berkeley | 110 | 73,984 |
| - | New York Institute of Technology | 50 | 45,000 - 55,000 |
MBA Business Analytics (STEM USA)
Business analysts with a STEM-designated MBA are eligible for an extended OPT period A STEM MBA in Business Analytics in USA qualifies graduates for an extended Optional Practical Training (OPT) period of up to 24 months (compared to the standard 12 months for non-STEM graduates). Some universities offering STEM-designated MBA programs with a Business Analytics concentration are -
- Indiana University Bloomington
- New York Institute of Technology
- University of North Texas
Online MBA in Business Analytics in USA
Online MBAs are ideal for working professionals due to their flexible mode of study. Online MBA programs have a higher acceptance rate than traditional programs. Some Universities offering Online MBA programs with Business Analytics in USA are -
- University of Illinois Urbana-Champaign
- Arizona State University
- Purdue University
Why Study MBA in Business Analytics in USA?
Here are a few reasons international students should pursue an MBA in Business Analytics in USA:
- Growing Job Market: The Bureau of Labor Statistics projects a 14% growth rate for business analysts from 2022 to 2032, much faster than the average for all occupations.
- Optional GMAT: International students can pursue MBA in Business Analytics in USA without a GMAT.
- Strong ROI (Return on Investment): Estimated ROI of approximately 124% for MBA graduates, reflecting increased salary earnings.
- Top US Universities: According to the 2024 QS World University Rankings, prestigious universities offering MBA in Business Analytics in USA are ranked among the top 100 like the University of Pennsylvania, University of Michigan and Boston University.
- Competitive Salary: According to the BLS, the median annual wage for business analysts was $90,010 in May 2022. Earning an MBA can further increase this potential, with reports suggesting a 30% salary boost.
MBA in Business Analytics in USA Admissions
Many universities in the USA offer MBA in Business Analytics with multiple intakes throughout the year.
- Round 1: July/August (Early Decision) - This is typically the most competitive round with the highest application volume. Early-decision applicants may benefit from a higher chance of admission and scholarship opportunities.
- Round 2: October (Regular Decision) - This is another popular round with a good balance of competitiveness and scholarship options.
- Round 3: January (Late Decision) - This is the least competitive round, but some programs may have limited seats available at this point.
Eligibility Criteria for MBA in Business Analytics in USA
The eligibility criteria for MBA in Business Analytics in USA is as follows -
- A bachelor's degree (or its equivalent) from an accredited institution.
- English Proficiency requirement –
- IELTS: 6.5 to 7.0
- TOEFL-iBT: 90 to 100
- Minimum GPA- 3.0 (B) on a 4.0 scale
- Average GRE- 160-322
Documents Required for Admission
- CV/Resume
- Statement of Purpose
- Passport
- 2-3 Letter of Recommendation
- Application fee
- USA student visa
- Essay
MBA in Business Analytics at USA University Requirements
Below are the university-specific admission requirements for international students to ensure they meet the application deadlines. All the required documents, along with English language proficiency scores, are listed below.
| University | English Language Requirements | Additional Documents |
|---|---|---|
| University of Pennsylvania | IELTS score: 6.5
TOEFL iBT: 100 |
Background Information | Application Fee | Two Essays | Transcripts (unofficial or official) | Two Letters of Recommendation | GMAT or GRE Score | English Language Test Score | Resume |
| New York Institute of Technology | IELTS score: 6.0
TOEFL iBT score: 79 |
Copies of undergraduate transcripts |
| University of Michigan | IELTS score: 7.0
TOEFL iBT score: 100 |
Application Fee | Two Essays | Transcripts (unofficial or official) |Resume |
| Boston University | IELTS score: Minimum of 6.5 on each band
TOEFL iBT score: 90 |
Three Video Essays OR One Written Essay | Resume | 1 Letter of Recommendation | University-Level Transcripts |
| Indiana University | IELTS score: 7.0
TOEFL iBT score: 100 |
Degree Certificate and Transcript | Two Essays |Resume |
| University of Virginia | IELTS score: 7.0
TOEFL iBT score: 100 |
Degree Certificate and Transcript | Two Essays |Resume | 1 Letter of Recommendation |
| Michigan State University | IELTS score: 7.0
TOEFL iBT score: 100 |
Degree Certificate and Transcript | Two Essays |Resume | 1 Letter of Recommendation |
| Arizona State University | IELTS score: 6.0
TOEFL iBT score: 100 |
Graduate admission application and application fee | Official transcripts | GMAT or GRE test scores | Two letters of recommendation | Current resume | Short-answer question responses | Proof of English proficiency |
GMAT Score for MBA in Business Analytics in USA
Below is the table showing the GMAT Score for admission to the MBA in Business Analytics in USA.
| University | GMAT Requirements |
|---|---|
| Ross School of Business (UMich) | 650 or above |
| New York Institute of Technology | - |
| The Wharton School (UPenn) | 728 |
| Questrom School of Business (Boston) | 645 |
| Kelly School of Business (Indiana) | 685 |
| Darden School of Business (UoV) | 716 |
| Eli Broad College of Business (Michigan State) | 674 |
| Arizona State University | 702 |
MBA in Business Analytics in USA without GMAT
GMAT waivers are available for candidates who have earned an undergraduate GPA of 3.2 or higher. The eligibility criteria for international students to pursue MBA in Business Analytics in USA without GMAT vary according to the programs and universities. Here are the common requirements:
- High undergraduate GPAs
- A minimum of 3 to 5 years of work experience
- High promise of success in the program
The universities offering MBA in Business Analytics in USA without GMAT requirements are -
- New York University
- University of California
- University of Arizona
Cost of Studying MBA in Business Analytics in USA
The cost of attendance for pursuing the MBA in Business Analytics in USA is calculated by combining the total estimated tuition fees for one year with the cost of living in the USA.
MBA in Business Analytics in USA Tuition Fees
The total annual tuition fees for the MBA in Business Analytics in USA range from USD 49,000 to USD 87,370 (equivalent to INR 40 Lakhs to 72 Lakhs).
| University | Annual Total Tuition Fee (USD) | Tuition Fees (INR) |
|---|---|---|
| University of Pennsylvania | 87,370 | 72.7 Lakhs |
| New York Institute of Technology | 41,960 | 34.9 Lakhs |
| University of Michigan | 69,696 | 58.1 Lakhs |
| Boston University | 73,772 | 61.4 Lakhs |
| Indiana University | 74,352 | 61.9 Lakhs |
| University of Virginia | 70,200 | 58.4 Lakhs |
| Michigan State University | 57,000 | 47.4 Lakhs |
| Arizona State University | 49,000 | 40.8 Lakhs |
Cost of Living in USA
The average yearly cost of living in USA is USD 68,168 (56.74 lakhs INR). A table that breaks down several expense categories and their yearly costs is provided below to help you manage your expenses.
| Expense Type | Average Annual Expense (USD) | Cost for Indian Students (INR) |
|---|---|---|
| Accommodation | 22,056 | 18.36 lakhs |
| Meals | 21,600 | 17.98 lakhs |
| Transportation | 840 | 69,919 |
| Mobile Phone and Internet | 1392 | 1.16 lakhs |
| Personal Expenses | 20,000 | 16.65 lakhs |
| Electricity | 2,280 | 1.89 lakhs |
| Total | 68,168 | 56.74 lakhs |
Scholarships for MBA in Business Analytics in USA
Below is a table showcasing scholarships in USA for international students, along with the eligibility criteria and awards.
| Scholarships | Offered by | Eligibility |
|---|---|---|
| Joseph Wharton Fellowship | Wharton School | Excellent academic records |
| New York Tech Scholarships | New York Institute of Technology | Be a full-time student. | Maintain a cumulative GPA as specified by the scholarship. | Meet Satisfactory Academic Progress (SAP) requirements at all times. |
| Dean’s Scholarship program | Boston University | Merit Based |
| Kelley School of Business Merit Fellowship | Indiana University | Merit Based |
| Darden Worldwide Scholarship Program | University of Virginia | Academic excellence |
MBA in Business Analytics in USA Career Prospects
The U.S. Bureau of Labour Statistics projects that overall employment in Business Analytics is expected to grow 11% from 2021 to 2031, much faster than the average for all occupations.
Upon successful completion of an MBA in Business Analytics in USA, there are high-paying jobs in USA for international students, with an average annual salary of USD 83,000 (69.14 lakhs INR).
Top Job Roles
The following table showcases various job titles available to those with an MBA in Business Analytics in USA with the average salaries offered:
| Job Title | Average Annual Salary (USD) | Salary Equivalent (INR) |
|---|---|---|
| Data Analyst | 69,403 | 57.73 lakhs |
| Supply Chain Analyst | 65,774 | 54.71 lakhs |
| Big Data Analyst | 89,000 | 74.04 lakhs |
| Business Analyst | 63,526 | 52.84 lakhs |
| Project Manager | 99,263 | 82.57 lakhs |
| Business Intelligence (BI) Analyst | 76,887 | 63.96 lakhs |
| Marketing Analyst | 63,766 | 53.04 lakhs |
Top Recruiters
The top recruiters in the field are McKinsey & Company, Bain & Company, Boston Consulting Group (BCG), Google, Amazon, Microsoft, IBM, Oracle, JPMorgan Chase, Goldman Sachs, Citibank, Bank of America, Wells Fargo, UnitedHealth Group, Johnson & Johnson, Pfizer, Humana, Walmart, Target, Amazon, General Electric, Boeing, 3M, Procter & Gamble, Verizon, AT&T, Accenture, Deloitte, PwC, EY (Ernst & Young), KPMG, Ford, General Motors, Tesla.
MBA in Business Analytics in USA in USA Return on Investment
When considering studying in USA, it is crucial to calculate the Return on Investment (ROI) to ensure a rewarding career. Here is the table presenting the total annual tuition fees of the top universities in USA for an MBA in Business Analytics, along with the average graduate salary per year, empowering you to make an informed choice.
| University | Annual Total Tuition Fee (USD) | Average Graduate Salary Per Year (USD) |
|---|---|---|
| University of Pennsylvania | 87,370 | 175,000 |
| New York Institute of Technology | 41,960 | 110,000 |
| University of Michigan | 66,625 | 144,000 |
| Boston University | 63,798 | 125,000 |
| Indiana University | 54,602 | 99,000 |
MBA in Business Analytics in USA vs Canada
Here is a comparison between the MBA in Business Analytics in USA and Canada based on various parameters.
| Parameter | MBA in Business Analytics in USA | MBA in Business Analytics in Canada |
|---|---|---|
| Annual Tuition Fee | USD 37,044 to USD 87,370 (equivalent to 30.81 lakhs to 72.68 lakhs INR). | 30,000-56,000 CAD (18.62 lakhs-34.77 lakhs INR) |
| Degree Requirement | Must have a 4 year Bachelor's Degree with grade point average of 3.0 or above on a 4.0 point scale (85%). | Must have a 4 year Bachelor's Degree with grade point average of 3.0 or above on a 4.0 point scale (85%). |
| GMAT Score | 650 or Above | 600 or Above |
| Graduate Salary | 83,000 USD (69.14 lakhs INR) | CAD 80,700 ( 49.5 Lakhs INR) |
| Cost of Living (per year) | 68,168 (56.74 lakhs INR) | CAD 63,738 (39 lakhs INR) |
Pursuing an MBA in Business Analytics in USA presents a compelling opportunity for international students. The return on investment is substantial, with an MBA in Business Analytics degree in the USA. Admissions processes vary among universities, with some waiving the GMAT requirement, making it more accessible. The availability of financial support through scholarships further enhances the program's appeal. Overall, pursuing an MBA in Business Analytics in USA provides a valuable educational experience that aligns with the growth in business occupations.
FAQs
Ques. What is the cost of an MBA in Business analytics in USA?
Ans. The total cost of pursuing an MBA in Business Analytics in USA can be calculated by adding the total annual tuition fees and cost of living in USA. The annual tuition fee for MBA in Business Analytics in USA is USD 37,044 to USD 87,370 equivalent to 30.81 lakhs to 72.68 lakhs INR. The cost of living in USA includes Rent, Mobile Phone and Internet, Electricity, Meals, Transportation and Personal expenses. Living in USA costs more than in India. The average annual cost of living in the USA is 68,168 (56.74 lakhs INR).
Ques. Is the USA good for business analytics?
Ans. Yes, the job outlook for Business Analytics is good in the USA. Graduates of an MBA in Business Analytics in USA can earn an average annual salary of about USD 83,000 (69.14 lakhs INR). Top employers after an MBA in Business Analytics in USA are McKinsey & Company, Bain & Company, Boston Consulting Group (BCG), Google, Amazon, Microsoft, IBM, Oracle, JPMorgan Chase, Goldman Sachs, Citibank, and more.
Ques. What is the salary of an MBA Business Analytics fresher in the US?
Ans. The starting average salary of MBA Business Analytics freshers in the USA is USD 84,457 (70.26 lakhs INR) per year.
Ques. Is Business Analytics in demand in US?
Ans. The U.S. Bureau of Labour Statistics projects that overall employment in Business Analytics is expected to grow 11% from 2021 to 2031, much faster than the average for all occupations.
Ques. What are the eligibility criteria for MBA in Business Analytics in USA?
Ans. The eligibility criteria for international students to pursue MBA in Business Analytics in USA vary according to the programs and universities.
Here are the common eligibility criteria for MBA in Business Analytics in USA:
- Completion of a four-year Bachelor’s Degree, or three-year Bachelor’s Degree with one year of a Master’s Degree.
- Grade point average of 3.0 or above on a 4.0 point scale (85%).
- Proficiency in the English language is mandatory for international students who are not natives of English-speaking countries.
- English Language Proficiency Score:
- TOEFL iBT: Overall 90 to 100
- IELTS: Overall 6.5 to 7.0
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