In 2016, the University of Indianapolis (UIndy) became the first institution in the region to develop an MBA with a concentration in Data Analytics. The school was also the first to offer the MBA with a Supply Chain major. Like Supply Chain (when it was first offered), Data Analytics is now one of the most in demand skill sets, with more jobs to fill than talent. This makes the new addition to UIndy’s MBA program a significant one.
According to a recent INDY Star report, Data Analytics is “vital to business growth because it enables organizations to examine raw data to draw conclusions, make decisions, develop strategies and transform processes.” It is “the key that helps companies unlock the once elusive relationships between customers, behaviors and profitability.” Further, data can “reveal security weaknesses and production pitfalls,” as well as help companies shape the development of new products and services.
The Data Analytics concentration will prepare students to collect and use data to “detect trends, forecast the most-likely scenarios, and make optimal decisions about everything from daily operations to high-level strategies,” says UIndy. In addition to foundation courses (18 credit hours), core courses (18 credit hours), and electives (nine credit hours), students can expect to take courses that cover data mining, modeling and text analysis, visualization, predictive analytics, and unstructured analytics.
All students in the program have the option to add another quality that is in high demand—global experience. UIndy MBA students may enroll in a one- to two-week a global business travel seminar that will take them to leading business locations such as Dubai, China, France, India, England, Eastern Europe, Brazil, Argentina, Chile, or Switzerland. Students may also travel to developing countries such as Cuba. Past students have visited government agencies and business trade groups such as IBM India, Roche Diagnostics International, the Ministry of Finance in Dubai, the Hong Kong Stock Exchange, the Paris Transit Authority, and the Bank of England.
Students may begin selecting the Data Analytics major beginning in fall of 2017. To help students manage family, work and other demands, the program will offer several flexible scheduling options including Saturday-only classes, evening classes, off-campus, and even a full-time one-year program for students interested in an accelerated option. The off-campus option allows students to complete the program at various off-campus locations including Fishers, Carmel, and Hendricks County.
UIndy’s MBA program is accredited by the Accreditation Council for Business Schools & Programs (ACBSP), and the school is a member of the Association to Advance Collegiate Schools of Business (AACSB). The UIndy MBA was the first in the country to be recognized under the Baldrige Quality Standard by the ACBSP and it is ranked “Top Tier in part-time MBA programs” by CEO Magazine. Tuition for the program is considered reasonable compared to other top tier schools. Tuition for the evening MBA and off-campus cohort programs is $570 per credit hour for the 2016-17 academic year, and the entire Saturday MBA program is $33,390. This includes books and meals. Tuition for the entire one-year (full-time) MBA is $33,057. According to the school, this includes a laptop with all the software needed for the program, an international business trip at the end of term two, and a career coach. Tuition does not include room & board or textbooks.
In addition to enjoying manageable tuition costs, students can expect an excellent return on their investment thanks to supply and demand. Read on.
Where the Data Analytics Jobs Are
Demand for graduates with Data Analytics skills is high and supply is low. This means that those entering the job market with this valuable skill set have the advantage. Graduates can expect to find plenty of opportunities in Professional, Scientific and Technical Services, Information Technologies, Manufacturing, Finance and Insurance, Retail Trade, Sales and Marketing, and Medical and Health Care. Graduates can also expect to find a large number of opportunities (and some of the highest salaries) in some 20 major areas including:
- San Jose – Sunnyvale – Santa Clara, CA (Salary Range: $119K - $194K)
- San Francisco – Oakland – Fremont, CA ($104K - $170K)
- New York-Northern New Jersey-Long Island, NY ($96K - $172K)
- Washington-Arlington-Alexandria, DC ($112K - $190K)
- Seattle-Tacoma-Bellevue, WA ($96K - $139K)
- Boston-Cambridge-Quincy, MA ($90K - $156K)
- Chicago-Joliet-Naperville, IL ($89K - $153K)
- Los Angeles-Long Beach-Santa Ana, CA ($89K - $151K)
- Atlanta-Sandy Springs-Marietta, GA ($92K - $158K)
- Dallas-Fort Worth-Arlington, TX ($81K - $147K)
- Raleigh-Cary, NC ($78K - $144K)
- Minneapolis-St. Paul-Bloomington, MN ($75K - $124K)
- Philadelphia-Camden-Wilmington, PA ($80K - $146K)
- Austin-Round Rock-San Marcos, TX ($83K - $131K)
- Denver-Aurora-Broomfield, CO ($83K - $135K)
- Baltimore-Towson, MD ($95K - $144K)
- San Diego-Carlsbad-San Marcos, CA ($86K - $141K)
- Portland-Vancouver-Hillsboro, OR ($74K - $135K)
- Houston-Sugar Land-Baytown, TX ($84K - $149K)
- Phoenix-Mesa-Glendale, AZ ($84K - $137K)
While the industries and areas listed above are popular right now, they are not the end-all. MBAs and other graduates with a Data Analytics background can expect to earn an average of $124K per year (with experience) no matter where they land.
For more information about UIndy’s Data Analytics MBA, visit http://mba.uindy.edu.
Columbus, Louis. "Where Big Data Jobs Will Be In 2016." Forbes. Forbes Magazine, 16 Nov. 2015. Web. 03 Sept. 2016.
Herbert, Brian. "Region's First Data Analytics MBA Program Arrives at UIndy." Indianapolis Star. USA Today, 01 Aug. 2016. Web. 03 Sept. 2016.
Loftus, Margaret. “Use an MBA to Dive Into a Data Analytics Career.” U.S. News Education. U.S. News & World Report, 13 Mar. 2014. Web. 03 Sept. 2016.
"University of Indianapolis MBA Program." University of Indianapolis, School of Business. University of Indianapolis, 2016. Web. 03 Sept. 2016