Given the rising popularity of MS Business Analytics programs and increasing industry demand of business managers who are trained in Analytics, business schools are re-engineering the MBA programs. Many US schools are also launching STEM-MBA or MBA with Business Analytics concentrations. However, several candidates still face the confusion of whether to choose MS Business Analytics or MBA with STEM designation (e.g. MBA with Business Analytics or Big Data specialization or electives). Earlier, we have covered MBA vs MS Business Analytics vs MS Data Science. In this article, we will particularly focus on MS Business Analytics vs MBA with Business Analytics concentration or STEM-designated MBA.
MS Business Analytics vs MBA with Business Analytics Concentration: Curriculum
MS Business Analytics focuses on developing an understanding of the performance of a business and creating new insights based on statistical analysis, predictive modeling, and so on. On the other hand, an MBA is inclined towards searching and learning scientific approaches to management.
MS Business Analytics is more technical in nature. It concentrates on enhancing your domain knowledge of Python, SAS, SQL, Hadoop, R, data visualization (Tableau), etc. MS Business Analytics does not involve too much coding as opposed to MS Data Analytics or MS Data Science. Read MS AI/ML vs MS Data Science vs MS Data/Business Analytics.
Business Analytics is inclined to on deriving an analysis of data to act accordingly and MBA focuses more on business planning, expansion, and improving management.
MS Business Analytics vs STEM MBA: Objectives and Ideal Candidates
MS Business Analytics is entirely focussed on theoretical and practical aspects of business analytics. It also offers hands-on experience using machine learning, software engineering and predictive modeling to solve business challenges. It’s ideal for individuals with technical backgrounds who are interested in developing mastery with data science techniques for practical applications.
In an MBA program, Business Analytics is typically offered as a concentration or specialization. Advanced analytics courses are more theoretical and focus on the broad application of data analytics to improve business outcomes. The specialization within an MBA program typically discusses the broad application of data analytics to improve business outcomes. It’s suitable for folks with business backgrounds who want to gain familiarity with data analytics.
MS Business Analytics vs MBA: Pros & Cons for Indian Candidates
MS Business Analytics
Pros: Specialization in a technical area, growing area, global applicability, easier to get promoted if good given technical nature of work. It also has the opportunity to work closely with business functions and can move into it.
Cons: You become a specialist, not a generalist. It does not provide general business skilling. Many top schools may not have this. Besides, MSBA does not provide an alumni network as large as MBA programs.
Pros: If done from a top school, it gives wider opportunity, brand name, alumni network, and ability to apply for a number of jobs after graduation.
Cons: You need more extensive work-ex and need to compete with Americans/Europeans. You should have the ability to look at the bigger picture and need to have good communication to be successful.
MS Business Analytics vs MBA with Analytics Focus:
“The MSBA program is shorter and more focused than an MBA, targeted at individuals who know from the start that they want to pursue a career in business analytics. The program delves deeper into subjects related to data analytics and is generally more technical than the MBA program. The MSBA program also provides a capstone project experience where student teams work with companies to solve real-world data-analytic problems.” – UCI
MBA vs MS Business Analytics: Duration & Cost Around the World
Other significant factors to consider while choosing between MBA and MS Business Analytics are the program duration and the program cost. Here are a few top business schools in the world that offer both MBA and MS Business Analytics.
In order to find out more details and differences between STEM MBA and MS Business Analytics, we reached out to Bryan Muñoz (Associate Director of Recruitment & Admissions for the MSBA Program) and Eric Duarte (Associate Director of Recruitment & Admissions for the MBA Program) at the Paul Merage School of Business, the University of California at Irvine (UCI).
MS Business Analytics vs STEM-MBA
Class Profile, Curriculum, Admissions, Scholarships, Jobs, Salaries & Application Tips
Q&A with Admission Committee (Adcom) at UC Irvine
Q1. The MBA program at UCI is a STEM-designated one now. Could you please share a few key details of the program?
UCI: The Paul Merage School of Business has specifically redesigned our curricula, course content, delivery modes, and co-curricular programs to create unparalleled learning experiences with a single goal: preparing students to propel their careers and lead their organizations to success in our digitally driven world.
Our FTMBA degree is now fully STEM-designated, dedicated to deepening student’s knowledge and leadership of Management Science and Quantitative Methods.
We are also proud to announce our new Analytics in Digital Leadership concentration, built to be directly aligned with specific target functions such as Python, SQL, and managing large data sets.
Q2. Could you please share a few stats about MBA class profile and MBA placements for Indian and international students?
MBA Class Profile at UCI
The Merage School Career Management Model is Science-Based, Self-Awareness Led Discovery.
The Career Development office is not a placement service but rather partners with students to offer personalized career services to help them achieve their career goals. Some of the companies our students have obtained employment at include:
- Edwards Life Sciences
- 102,000.00 USD Mean Annual Base Salary
- Irvine is home to ⅓ of Fortune 500 companies
- 113% Average Salary Increase pre-employee to 3 years post-graduation
Q3. Who are the ideal students for the MSBA program at UCI? Could you please share a few statistics about the class profile?
UCI: The Master of Science in Business Analytics Program is one of the most competitive programs to gain admissions. We focus on a holistic approach when selecting candidates from Undergraduate Major, Undergraduate Institution, Graduate Coursework, Work Experience, Personal Statements, Letters of Recommendation to name a few.
We look at each item carefully as we craft a well- balanced class filled with the chemistry that makes the UCI Merage Brand. Ultimately, we look for candidates who know themselves, have a vision for their career trajectory, and have a passion for data.
Living in a digitally-driven environment we want our candidates to have a solid understanding of what it means to use data to influence business decision making.
MSBA Class Profile at UCI
Q4. According to you, how should candidates decide between MBA and MS Business Analytics?
UCI: An effective way for how students should decide which program is the best fit for them is to consider the job they want after the program and work their way back to find the best program to get them there.
The MBA program is a Business Management program that allows students to complete a concentration in Analytics during their second year and provides a unique set of experiences and opportunities that will set them apart and distinguish them as a leader in a digitally-driven world. No matter their background, students will learn to thrive as a leader in a technology-intensive global economy through a combination of innovative coursework, real-world experiences, and career development.
The MS in Business Analytics program is a highly specialized intensive one-year, full-time program that thoroughly prepares students to handle large volumes of structured and unstructured data and apply a variety of analytics methods to the data in different business contexts. The MS in Business Analytics is a technically driven program with a combination of business principles to be applied in either of our flexible curricular tracks of Data, Marketing, or Operations Analytics.
Q5. How could applicants know more about the programs and interact with the faculty members, current students, and alumni of UCI on a more personalized basis?
UCI: Our Admissions staff is happy to set up personal consultations via Zoom or Skype and go over the program as well as any questions applicants may have.
We also highly encourage applicants to reach out to our Student Ambassadors to speak about their experience and gain deeper insight into the program. Interested applicants can contact our MBA or MSBA Student Ambassadors through our Ambassador Pages – MBA Students Ambassadors and MSBA Student Ambassadors.
Q6. Do you expect prior strong knowledge/experience in coding and big data for incoming MSBA students? Do you accept candidates from non-quantitative backgrounds with MOOC certifications (and relevant work-ex)?
UCI: Our Master of Science in Business Analytics does not require prior technical experience but we are looking for quantitative backgrounds. Understanding is one of the biggest elements we look for when selecting candidates – candidates can take multiple courses and earn a certificate but do they have a good grasp of the content and are they going to be able to apply it in the classroom.
As an intensive one-year program we also accept candidates from non-quantitative backgrounds and do view certificates they have earned in quantitative fields as evidence of their capabilities. However, we often want to see more than a certificate and look towards courses they may have taken during their undergraduate or graduate study, but work experience is also a good indicator of a candidate’s capabilities in technical-based work.
Q7. What are some of the unique courses and learning methodologies for the MSBA program at UCI?
UCI: Many students come with the impression that the field of analytics is fully developed – this is a misnomer. Most companies across the globe are still finding their footing in the analytics landscape and oftentimes they want to run predictive algorithms to gain insights, but more often than not companies do not have proper database management installed as an organizational practice.
One of our most popular courses is database management in which students learn how to set up, maintain, and clean data so that organizations can use it for their business insights. We also have courses in Machine Learning and Natural Language Processing that played a huge role in our Amazon Capstone project for the Class of 2019.
Q8. Could you please provide a few stats on placements and salaries for the international/overall MSBA students at UCI?
UCI: The Career Services office is not a placement service but rather partners with students to offer personalized career services to help them achieve their career goals. We are excited to share that our Class of 2019 had an outstanding reception in the job market with a 90% placement rate and average salaries between $70,000 – $85,000.
Our MSBA students have landed at some great major companies:
Q9. How does the capstone project work at UCI School of Business? Does the school help the MBA/MSBA students to find an organization?
UCI: Our Capstone Project is a product of a fully comprehensive process with our industry partners and our faculty. We source our projects with our industry partners and assess their needs before they meet with our students. Our students then are available to choose amongst the projects available and conduct their analysis and oral presentation through the course of 6 months.
Q10. How do you evaluate the MBA and MSBA applications? Could you please provide a few insights on the review process?
UCI: Our Admission Committee takes a holistic approach to the application process and evaluates all aspects of the application including but not limited to test scores, undergraduate GPA, work experience, and interview.
Q11. What are the scholarships or financial aid options for MBA and MSBA students? What do you look for among international applicants when it comes to scholarships?
UCI: The MBA & MSBA programs offer merit-based scholarships, and the MBA program also has Teaching Assistantships available. Applicants do not need to apply separately for a scholarship, once an applicant submits their application, the Admissions Committee will automatically consider them for a scholarship. Similarly to the admission review process, the Admissions Committee will evaluate scholarships using a holistic approach and will consider an applicant’s test scores, undergraduate GPA, work experience, and interview.
Advice on MS Applications and Post-MS Job Search in the US by UCI
Q12. Would you like to give any advice on SoP and essays to the potential applicants?
UCI: Writing a statement of purpose (SoP) or application essays are truly a personal experience. The biggest advice I have for students is to answer the question. Most students have a preconceived notion that all admissions offices are looking for the same thing. This is simply not the case. I challenge students to view this as an exercise – if you do not want to be assessed through a singular lens, why would you think one statement of purpose can be used for multiple schools? This shotgun approach often fails more than it succeeds.
The other piece of advice I would give applicants is to make these essays personal and authentic. Everyone has challenges and struggles and they differ in degree of magnitude. As you write these essays don’t lean on those to gain you admissions rather look towards what you can bring to the program, what value are you adding to the cohort, what does your alumni story look like, or how do you envision the program helping you succeed? There’s value in these types of essays that you cannot get from the standard advice you find online.
Related Article: What do Adcoms Look For in an SOP or Application Essay?
Q13. Many Indian applicants face problems with recommendation letters. Quite often the referees avoid writing the first drafts by saying either they are too busy or they are not sure what to write.
What would be your suggestions for graduate applicants on getting LORs?
UCI: Letters of recommendation are required for both the MBA and MS Business Analytics programs. Applicants who are caught or suspected of writing their own letters of recommendation will be in violation of UC Irvine’s Code of Conduct and can lead to a denial of their application.
Applicants should allow sufficient time for their writers to write a letter of recommendation and should reach out to multiple writers early in the application process to vet them as well as go over any questions they may have.
Q14. Is the fall 2021 application round going to be more competitive for graduate applicants?
UCI: Historically there is a counter-cyclical effect on application volumes for graduate school during a downturn in the economy. The COVID-19 Pandemic and economic impact it has had on the world is different and stating it will be more competitive is speculative. The very facet of our world is changing and how this will affect Fall 2021 is too soon to tell.
Related Article: Is it Worth Pursuing an MS or MBA in 2021?
Q15. In recent years, Indian & international applicants have had concerns regarding U.S. immigration policies.
What are your perceptions of the new H-1B rules and how would you address the applicants’ concerns?
UCI: Due to recent U.S immigration policies, the Merage School of Business has made both the MBA and MS Business Analytics programs STEM-designated which allows for up to 36 months of optional practical training upon graduation. This longer duration is attractive to companies interested in providing immigration sponsorship to international students.
Q16. Would you like to share any job search and employment tips for the international students who are going to graduate this year (2020) and in the coming 12 – 24 months (2021/22)?
UCI: The advice I would give to recent graduates and those who will graduate in a year’s time is to give more than you ask. This may sound counter-intuitive but students coming out of graduate programs are expecting a yellow brick road. After all they have invested a lot of time, energy, and money into earning a graduate degree.
Give more than you ask – use your new-found skills to support small businesses, charities, non-profits, creating content on LinkedIn or Medium all the while you are conducting your job search. The accolades you will receive from supporting those around you will come back with laurels of your work that may land you a job. Networking in the US is paramount to your career success and building those soft skills before, during, and after attaining your degree will put you in a much better footing.
Original Source of Featured Image: Metro MBA