Carlson School Business Analytics

Table of Content

Introduction to MSBA at Minnesota Carlson

The rise in accessible big data employment has been brought about by the demand for data professionals with the appropriate skills. Experts who are able to comprehend enormous amounts of data, perform analysis on that data, and put it to productive use are in high demand in today’s industries.

The Master of Science in Business Analytics (MSBA) program at the Carlson School of Management prepares students to thrive in today’s data-driven economy by providing them with the tools they need to effectively collect, process, and analyze data to answer critical questions and address pressing business challenges.

45

Credits

3

Semesters

$69.5K

Avg. Cost of Study

12

Months Duration 

$104K

Avg. Salary

Why Study MSBA at Carlson?

21

QS Top MSBA

Aspiring business analysts will benefit greatly from the Carlson School of Management’s Business Analytics course. Several strong arguments can be made in favour of participating in this program:

  • The Carlson School of Management has an exceptionally qualified faculty in the field of business analytics. The curriculum is taught by professors and professionals with extensive academic and professional backgrounds.
  • The Business Analytics curriculum at Carlson School is all-encompassing.  This guarantees that students leave with solid fundamental abilities and knowledge.
  • The Carlson School’s extensive alumni network includes powerful figures from a wide range of fields and companies. 
  • The Carlson School’s prime location in the heart of a dynamic business district affords its students unparalleled access to local employers and a wealth of learning opportunities in the field of business analytics. 
  • Internships and consulting projects with industry partners are just two examples of the hands-on learning experiences students at the Carlson School can access. Students benefit from this practical training by applying what they have learned in the classroom to actual business problems.
  • Carlson School provides extensive career services, such as help finding a job, writing a CV, and attending networking events. Students have access to a team of professionals who work to find them internships and jobs at prestigious companies.

Hence, students who enroll in the Business Analytics program at the Carlson School of Management will benefit from a well-rounded curriculum, solid ties to influential professionals in the area, and a welcoming community.

Program Costs + Living Expenses : MSBA at Carlson

$69,525

Avg. Cost of Tuition

+ 

$32,244

Avg. Living Cost

101,769

Avg. Cost of Study

Full-time enrollment in the Carlson MSBA program will set you back around $101,769.

Students are responsible for more than just tuition when it comes to costs. Student government dues, technology fees, and student health insurance are all covered by these assessments. 

Cost of living varies from student to student dependent on factors such as housing choice and preferred way of life. On campus, a single student may expect to spend a minimum of $8,678 every quarter on food, housing, transportation, and other necessities. Expenses like rent or mortgage payments, groceries, gas, and medical coverage are all factored in.

The total amount spent on textbooks and school materials might vary widely from one kid to the next. 

The cost of taking public transportation varies from student to student, depending on their travel needs and the services they choose to use. 

Expenditures over the baseline estimate may include meals, lodging, transportation, and gifts. The total amount a student may spend on these things will depend on his or her spending patterns.

Also, $1,795 is roped in for the Student Health Benefit Plan (Health Insurance) which makes the total expense per semester range up to around $10,748.

Employment Prospects : MSBA at Carlson

100%

Employed within 6 months of graduation

100,421

Avg. Salary

    Most Sought-after Jobs

Digital Analyst,

Senior Data Analyst

Associate Consultant.

Carlson Master of Science in Business Analytics grads have consistently strong demand. Within 6 months following graduation, 98.5% of students on average have received job offers since 2015.

All of the members of the Class of 2022 had secured jobs within six months of graduation. We are confident in the program’s capacity to equip you for jobs in the field of business analytics, and the average starting income for our 2022 graduates is $100,421.

In addition, the leading industries include technology, financial services, and consulting.
For the first time in the program’s history, more than fifty per cent of graduates accepted positions situated in the Midwest. Top job titles include digital analyst, senior data analyst, and associate consultant.

Eligibility Criteria for Carlson MSBA

Academic Qualifications:

Applicants must demonstrate an aptitude for rigorous academic study, aptitude for mathematics and programming, and a fundamental understanding of business fundamentals to be considered qualified. The curriculum is open to recent graduates and early-career professionals with an analytical background.

Bachelor Degree
The MS in Business Analytics program requires an undergraduate degree equivalent to a U.S. bachelor’s degree for admission consideration.

Calculus Course
The completion of at least one calculus course at the Calculus I or higher level is required.

Programming a computer
Programming proficiency in at least one of the following languages: Python, C, C++, C#, Visual Basic (not Visual Basic for Applications), or Java. This requirement may be met by submitting academic transcripts, online course certificates, or work experience.

Candidates are advised to possess:

  • Bachelor’s degree in economics, mathematics, engineering, business, computer science, statistics, or a similar discipline.
  • At least one college-level statistics course is required, but full-time employment experience is not.
  • In addition to relevant academic or extracurricular experiences, we recommend having at least one internship involving data analysis, the use of technical software, and/or the application of computer programming languages (e.g., Python, R, SQL, C, C++, C#, VB, Java, etc.)

Documents required : Carlson MSBA

Considerations for Applying to the Carlson School of Management MS in Business Analytics:

The Carlson School Master of Science in Business Analytics program offers a simple and efficient application process. Prospective students must provide these materials:

  • Academic Record: Applicants must present a complete academic record, including transcripts from all universities attended. A comparable 4-year U.S. bachelor’s degree should be shown here.
  • Personal Statement:  A strong personal statement is crucial for your application. It lets you express your objectives, professional ambitions, and interest in Carlson School’s MS in Business Analytics program.
  • Resume:  Include a recent, thorough résumé in your application. This document should include your schooling, employment experience, internships, research projects, and applicable extracurriculars and certifications.
  • Recommendations: A minimum of two letters of recommendation are required. These recommendations should be from people who know your academic and professional skills and program potential.
  • English Language Test (if applicable): If English is not your native language or you have not graduated from an English-speaking university, you may need to produce proof of proficiency through examinations like TOEFL, IELTS, or PTE.

Admissions choices for the MS in Business Analytics program are decided collaboratively after each application deadline. Applying between rounds will delay the review until the next deadline. An admission decision is usually made within two months of application submission.

Before submitting your application, verify all required materials are full, well-organized, and reflect your qualifications and objectives. Attention to detail during the application procedure can boost your chances of success.

The Carlson School’s MS in Business Analytics program considers applicants based on academic records, personal statements, resumes, recommendations, and English language skills. Its application procedure is convenient and accessible. Remember that thoroughness and timely submission are vital to admissions.

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Scholarships Available : Carlson MSBA

Scholarships for International Students

The Carlson School of Management and the University of Minnesota recognize and encourage outstanding international students who want to study business analytics. A few academic merit-based scholarships are offered to remarkable people worldwide through a competitive process.

Opportunities for Competitive Scholarships

International students confront a competitive scholarship landscape, thus the Carlson School and the University of Minnesota are proud to award scholarships to individuals who exhibit extraordinary merit across all application components.

Considerations for Applications

When considering international student scholarships, the admissions committee carefully reviews all applications. Scholarship awardees are determined by the strength of their applications, which include academic records, personal statements, resumes, references, and other pertinent information.

Improved Application Process

Simple scholarship consideration is a Carlson School hallmark. International students applying for scholarships need not apply separately. The MS in Business Analytics admissions committee automatically considers all applicants for merit-based scholarships. This method ensures that all applicants are considered for scholarships and simplifies the application procedure for students.

Scholarship Awards Announced

International student scholarships are usually disclosed in admissions decision letters. This ensures that MS in Business Analytics students receive scholarship offers immediately after acceptance.

Carlson fosters a varied and globally inclusive learning environment. They believe overseas students improve the academic community and are proud to support their academic and career goals through these renowned scholarships.

Business Analytics Curriculum

Business & Technical Fundamentals

Your first semester focuses on fundamentals like statistics, programming, and the use of analytics in today’s business environment. You’ll get to know your classmates throughout the fall as you learn to use tools like Python and R to tackle analytics problems.

  • Business Essentials
  • Introduction to Statistics for Data Scientists
  • Programming for Data Science
  • Introduction to Business Analytics in R
  • Data Management, Databases, and Data Warehousing
  • Building and Managing Teams

Core Analytics Classes

Because it begins in January, it may be a while before your final semester feels like spring. In the meantime, you’ll keep busy with courses in exploratory analytics and data visualization, predictive analytics, and Big Data.

  • Exploratory Data Analytics and Visualization
  • Predictive Analytics
  • Big Data Analytics
  • Causal Inference via Econometrics and Experimentation
  • Building and Managing Teams
  • Ethics and Data Privacy

Advanced Analytics & Experiential Learning

In your final semester, you’ll finish the program with advanced topics like optimization, as well as electives. You’ll also join the Carlson Analytics Lab, where you’ll work as part of a team of students on a 14-week long experiential learning project for a real client.

  • Advanced Issues in Business Analytics
  • Optimization and Simulation for Decision Making
  • Consultative Problem-Solving & Agile Management for Analytics Projects
  • Building and Managing Teams
  • Business Analytics Experiential Learning
  • Electives

FAQs About Carlson MSBA

As per Carlson School, “Our purpose is grounded in a commitment to diversity, equity, and inclusion across all levels of the MS in Business Analytics program, the Carlson School of Management, and the University of Minnesota as a whole. Students at Carlson have access to a variety of in-class and extracurricular activities designed to help them acquire the cross-cultural competence that is essential in today’s globalized society. We help students from all walks of life by providing them with services and programs tailored to their specific needs.”

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

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