Wednesday, February 22, 2017

Babson Offers New MS In Business Analytics

Program Name: Master Of Science In Business Analytics
School: Babson College’s F.W. Olin Graduate School Of Business
Length of Program: 18 to 24 months
Cost: $55,000

Babson’s F.W. Olin Graduate School of Business have launched a Master of Science in Business Analytics, building on the MBA concentration in analytics course started in 2012. Babson also founded an MS in Finance.

Last year, 30% of Olin students who have concentrations were concentrating in analytics. The Babson MSBAtakes a uniquely integrated approach to analytics that develops graduates into data translators who can be the bridge between the technical and business areas of an organization.

The tagline is: ‘Business analytics for an entrepreneurial world.'” There is a demand for 2-4 million “business translators” in the U.S. who are comfortable enough in  IT and statistics. 

The ideal applicants are those with three to 10 years into their career and who have a demonstrated educational or practical foundation in quantitative or technical fields. A GMAT or GRE score is required from all applicants. There is one essay. Applicants must also have an undergraduate degree from an accredited institution with a GPA of 3.0 or above. All applicants must be interviewed, as well.
The program has rolling admissions; the application process is now open.

The Olin MSBA consists of 18 required core credits and 12 elective credits, with semesters structured so students typically learn two to three subjects at a time. Core courses are Introduction to Analytics and the Principles of Entrepreneurial Thinking and Acting, Methods (Information Technology; Data Exploration and Analytics), and Applications (Marketing Analytics; Economic Analytics). Students can choose from a variety of analytic elective courses, including Digital Marketing, Supply Chain Management, and Private Data Security, among many others.

Building off its reputation as a top school in entrepreneurship, Olin requires all MSBA students to start with the entrepreneurial mindset  course.  Principles of Entrepreneurial Thinking and Acting. Then comes data management, data storage, data manipulation, and so on. Following that are courses in data visualization, data mining, marketing analytics, and economic analytics — forecasting and trendsetting.

The final course is a partnership with a local company on a project in which students, working in teams, tackle some specific problem, applying what they’ve learned to a real-life business situation. 

The first offering of the capstone project will be in May 2018 or January 2019.

For more information see Babson's MSBA website.

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