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Business analytics is processing historical business data and analyzing data to identify trends, patterns, and root causes, making data-driven business decisions based on those insights. It helps investigate and analyze business performance, provide insights, and drive recommendations to improve performance. It deals with requirements understanding, development and management, and functional testing therefore, analytics has become a relatively new and popular specialization in the management domain. The impact a master's in Business analytics can have on your career; the increased salary and job opportunities along with the skills and knowledge you'll acquire will only grow more critical in the future. So, here are the top 10 career paths you can choose with a master's in Business Analytics
Data Analyst: Data analyst works on collecting and evaluating data based on sales numbers, market research, logistics, and other such details. They have to conduct surveys and collect the information necessary for performing the analysis and are responsible for presenting the data in an easy-to-understand manner as well.
Data scientist: Data scientist is responsible for finding valuable insights from large quantities of data to help their company make better-informed decisions. Using algorithms, AI, ML, and other statistical tools, data scientists mine complex, raw data from a range of sources and turn it into meaningful, transparent information for the organization to improve its business strategy and operations.
Supply Chain Analyst: Supply chain analyst is to improve the performance of a business operation. They do this by figuring out the requirements for a certain project and coordinating it with the other employees. They work with other organization teams to determine if the current supply chain is optimal and how it can improve.
Marketing Analyst: A marketing analyst is responsible for helping businesses gather insights on their products and services from a marketing perspective. They analyze the marketing programs and industry trends using customer profiling, data analysis, and predictive statistics.
Big Data Analyst: Big Data Analyst is the market through identification, collection, analysis, and communication of data that helps in guiding future business decisions and works with unknown data, patterns, hidden trends, and more.
Business Analyst: Business analysts work towards understanding the changing business needs, evaluating the impact of these changes, identifying and analyzing data requirements, and documenting and facilitating communication among all the stakeholders involved.
HR Analyst: HR analyst uses computer applications and techniques to analyze human resources data. This information helps the organization find better candidates, motivate the current employees, and fix the staffing problems.
Predictive Modeller: Predictive modelers are programs that make a prediction based on the data that is fed to them and work on creating these models. They must have adequate knowledge about statistics, analysis, and technology too.
Chief technology officer: Chief technology officers are masters of strategic thinking and conducting technical analysis as they look at ways in which they can ensure the organization stands out in an ever-increasing competitive marketplace through business data.
Technical Team Lead: Technical team lead ensures that the technical development is being addressed properly, the products are of high quality, and that they are delivered at the right time. They would require technical skills, but also high leadership qualities and managerial skills too.
