2022 Guide: Online Masters in MBA Business Analytics Degree Programs

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Studying for an online business analytics MBA could generate new career opportunities and increased earning potential — even if you don’t have a GMAT. Instead of physically attending college, you’ll learn financial, statistical, entrepreneurship, and business management skills over the internet. Upon graduation, you could get a job as a financial analyst, supply chain analyst, or marketing manager.

Keep reading to learn more about online MBA in business analytics programs with no GMAT required. Then discover the learning and employment opportunities these programs might provide.

What Is an Online MBA in Business Analytics Degree?

Online MBA in business analytics programs teach you a range of skills so you can analyze big data and generate valuable business-critical insights for better decision-making. There is no GMAT required to enroll in many online business analytics programs, and you can learn from home — or anywhere in the world — at the speed that suits you.

Unlike when pursuing a conventional degree, you can access course content and engage with tutors, faculty members, and other students in a digital learning environment via webinars, video tutorials, and online workshops. 

You’ll learn business analytics skills like:

  • Analyzing statistical/historical data sets
  • Data science
  • Data mining
  • Cluster analysis
  • Predictive/prescriptive analysis
  • Reporting and statistics
  • Data governance
  • How to get more value from business intelligence (BI) programs

Depending on the online program, you might earn an industry-standard certification besides your MBA, such as a Certified Analytics Professional (CAP) qualification, IIBA Entry Certificate in Business Analysis (ECBA), or IIBA Certification of Competency in Business Analysis (CCBA).

After you graduate with an online MBA in business analytics, you can apply for a job as a:

  • Financial analyst
  • Supply chain analyst
  • Marketing manager
  • Business intelligence analyst
  • Financial advisor

An average workday for someone with an online MBA in business analytics might include: 

  • Interpreting statistical/historical data
  • Using BI programs for deep data insights
  • Sharing data insights with the rest of your organization
  • Using predictive analytics to forecast future business trends
  • Making sense of complex data algorithms 

Online MBA in business analytics programs let you study from any location without physically attending college. That means you won’t have to commute to a school or live on a college campus. 

How Much Does an MBA in Business Analytics Cost? 

A business analytics MBA costs an average of $19,314 in tuition fees, according to the National Center for Education Statistics. This cost doesn’t include any program supplies, travel costs, or room and board rates. Programs at the most prestigious schools cost more than this amount, with tuition fees at the Massachusetts Institute of Technology (Sloan) totaling $77,168 per year as of 2021.

Online MBA in business analytics programs could cost less than traditional degrees because you might not incur accommodation or commuting costs. 

Average Salary for an MBA in Business Analytics

The median annual wage for financial and investment analysts, financial risk specialists, and financial specialists — some of the most common jobs for business analytics MBA majors — is $96,630, according to the Bureau of Labor Statistics (BLS) as of May 2020. That’s a median hourly wage of $46.46. 

The top-paying states for financial and investment analysts, financial risk specialists, and financial specialists are:

  1. New York: $130,670 (median annual wage)
  2. District of Columbia: $109,070
  3. Massachusetts: $105,680
  4. Connecticut: $105,020
  5. New Jersey: $101,780

The top-paying metropolitan areas for financial and investment analysts, financial risk specialists, and financial specialists are:

  1. New York-Newark-Jersey City, NY-NJ-PA: $130,020 (median annual wage)
  2. Bridgeport-Stamford-Norwalk, CT: $126,090
  3. Medford, OR: $125,050
  4. Sebastian-Vero Beach, FL: $121,470
  5. San Francisco-Oakland-Hayward, CA: $120,410

The median annual wage for marketing managers — among the most common jobs for business analytics MBA graduates — is $154,470, according to BLS (data correct as of May 2020.) That’s a median hourly wage of $74.27.

The top-paying states for marketing managers are:

  1. New York: $194,940 (median annual wage)
  2. New Jersey: $180,250
  3. California: $176,940
  4. Virginia: $176,640
  5. Colorado: $172,140

The top-paying metropolitan areas for marketing managers are:

  1. Santa Cruz-Watsonville, CA: $213,180 (median annual wage)
  2. San Jose-Sunnyvale-Santa Clara, CA: $211,210
  3. San Francisco-Oakland-Hayward, CA: $196,260
  4. New York-Newark-Jersey City, NY-NJ-PA: $195,030
  5. Vallejo-Fairfield, CA: $193,140

What Is the Job Outlook for Business Analytics MBA Degree Holders? 

The outlook is positive for business analytics MBA graduates. There will be a 6.2% increase in employment opportunities for financial analysts and an 8.1% increase for marketing managers from 2018 to 2028, according to Projections Central/Department of Labor. Those numbers are higher than the average increase for all job types (around 5%). 

Courses in a Business Analytics MBA

Different business analytics programs cover different aspects of this discipline. However, here are some of the most common courses you might come across:

  • Introduction to business intelligence
  • Financial analysis
  • Advanced statistical modeling
  • Using data sets in a marketing context
  • Principles of macroeconomics/microeconomics
  • Ethics of data sharing/mining
  • Predictive analysis
  • Prescriptive analysis
  • How to visualize data
  • Spreadsheet modeling
  • Complying with data governance 
  • Business analytics strategies
  • Data science

You might also learn soft skills like communication, critical thinking, cooperation, and time management while earning your MBA. Some schools combine lessons with real-world business analytics experience at a local company. 

FAQs About a Business Analytics MBA

Core Takeaways

  • You can achieve a business analytics MBA online or in a traditional classroom-based environment.
  • It takes about two years full-time to earn an MBA in business analytics. 
  • You can get a business analytics MBA even if you don’t have a GMAT.

Advantages of getting your business analytics MBA online include: 

  • No GMAT required at many online schools.
  • You don’t have to live on campus.
  • You can balance existing work and family commitments during your online program. 
  • The average MBA in business analytics costs $19,314 in tuition fees, according to the National Center for Education Statistics.
  • The most prestigious MBA programs cost more, with tuition fees at the Massachusetts Institute of Technology (Sloan) amounting to $77,168 per year. 
  • Online MBA in business analytics programs might cost less than classroom degrees because you don’t have to pay for travel or accommodation. 
University NameProgram’s NameGRE Required?
American UniversityMaster of Science – AnalyticsNot Required
Arizona State UniversityMaster of Science – Business AnalyticsNot Required
Bellevue UniversityMaster of Science – Business AnalyticsNot Required
Boston UniversityMaster of Science – Business AnalyticsNot Required
Boston UniversityMaster of Science – Applied Business AnalyticsNot Required
Carnegie Mellon UniversityMaster of Science in Information Technology – Business Intelligence and Data AnalyticsNot Required
Clarkson UniversityMaster of Science – Data AnalyticsNot Required
Clemson UniversityMaster of Business Administration – Business AnalyticsNot Required
Columbia UniversityMaster of Science – Applied AnalyticsNot Required
Dakota State UniversityMaster of Science – AnalyticsNot Required
Deakin UniversityMaster of Business AnalyticsNot Required
Full Sail UniversityMaster of Science – Business IntelligenceNot Required
Golden Gate UniversityMaster of Science – Business AnalyticsNot Required
Grantham UniversityMaster of Science – Business IntelligenceNot Required
IE School of Human Sciences and TechnologyMaster of Business Analytics and Big DataNot Required
Indiana University BloomingtonMaster of Science – Business AnalyticsNot Required
Institute of TechnologyMaster of Science – ComputingNot Required
Iowa State UniversityMaster of Business AnalyticsNot Required
Jacksonville UniversityMaster of Science – Applied Business AnalyticsNot Required
Maryville UniversityMaster of Data AnalyticsNot Required
Mercer UniversityMaster of Science – Business AnalyticsNot Required
Merrimack CollegeMaster of Science – Business AnalyticsNot Required
Northeastern UniversityMaster of AnalyticsNot Required
Northeastern UniversityMaster of Professional Studies – AnalyticsNot Required
Notredame of Maryland UniversityMaster of Science – AnalyticsNot Required
Ohio UniversityMaster of Business AnalyticsNot Required
Oklahoma State UniversityMaster of Science – Business Analytics and Data ScienceNot Required
Oregon State UniversityMaster of Business Administration – Business AnalyticsNot Required
Oregon State UniversityMaster of Science – Data AnalyticsNot Required
Pace University New YorkMaster of Science – Enterprise AnalyticsNot Required
Pennsylvania State UniversityMaster of Professional Studies – Data AnalyticsNot Required
Pepperdine UniversityMaster of Science – Business AnalyticsNot Required
Quinnipiac UniversityMaster of Science – Business AnalyticsNot Required
Saint Joseph UniversityMaster of Science – Business Intelligence & AnalyticsNot Required
Syracuse UniversityMaster of Business AnalyticsNot Required
Syracuse UniversityMaster of Science – Business AnalyticsNot Required
Thomas Edison State UniversityMaster of Business Administration – Data Analytics and Decision MakingNot Required
University of DaytonMaster of Business AnalyticsNot Required
University of KansasMaster of Science – Applied Statistics and AnalyticsNot Required
University of MarylandMaster of Business Administration – Information Systems and Business AnalyticsNot Required
University of North Carolina Chapel HillMaster of Business Administration – Data Analytics and Decision MakingNot Required
University of PhoenixMaster of Information SystemsNot Required
University of South DakotaMaster of Science – Business AnalyticsNot Required
University of South DakotaMaster of Business Administration – Business AnalyticsNot Required
University of StrathcydeMaster of Science – Business Analytics & ConsultingNot Required
University of StrathcydeMaster of Science – Business Analysis & ConsultingNot Required
Villanova UniversityMaster of Science – AnalyticsNot Required
West Virgina UniversityMaster of Science – Business Data AnalyticsNot Required
Western Governor UniversityMaster of Science – Data AnalyticsNot Required
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