The Management Science Department offers a major and minor in Business Analytics.
The demand for business analytics graduates is on a rapid rise as almost every big organization struggles to derive the maximum value from their investments and resources and seeks well trained business analytics professionals. These organizations represent a wide spectrum including consulting companies, financial corporations, technology corporations and many others. The McKinsey Global Institute, which is the McKinsey & Company’s business and economics research arm, has predicted that by 2018, the United States could face a shortage of between 140,000 to 190,000 people with deep analytical skills, as well as a shortage of 1.5 million data-savvy managers.
The major and minor in Business Analytics will train professionals to develop skills necessary to gather, manipulate, understand and make use of data in a business context. This set of skills touches on the four main phases of Analytics: database management, consolidation and preparation for analysis, descriptive (understanding data, what business inferences can be made from available data), predictive (use of data to forecast), and prescriptive (use of understanding of data and the forecasts to determine the best courses of action to achieve business goals). As Business Analytics professionals, our students should be comfortable with data driven decision making.