During the past several years, the demand for business analysts has grown—and there’s seemingly no end in sight. The U.S. Bureau of Labor Statistics (BLS) projects that during the next decade, the number of business analyst jobs will grow by about 11%, over twice as fast as the average for all roles.
With such high demand and job growth comes high salaries, especially for professionals with master’s degrees. Here’s what you need to know about business analytics pay.
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Learn more: Check out Fortune’s ranking of the best online master’s in business analytics.
The top 5 best online master’s in business analytics programs
How much do business analytics graduates make?
Those with a master’s degree in business analytics tend to make close to—or over—six figures. BLS reports that median pay is $99,410 per year for management analysts, which includes business analysts.
The median base salary of graduates from Georgetown University (McDonough) is about $116,000. Similarly, Syracuse graduates earn about $109,500. While salary data is unfortunately not tracked for every graduate from every institution, these are just two examples of the potential.
Keep in mind that salaries are determined by more than just degrees. Location, years of experience, and exact role-play major parts. However, the general trend is that business analytics graduates are primed for high-paying salaries.
Learn more: How to become a business analyst.
Is a master’s in business analytics worth the salary?
In some cases, a master’s in business analytics can cost over $100,000 in tuition alone, but it can certainly lead to career progression and higher-paying salaries. When weighing whether a master’s degree is worth it, it is important to consider the potential return on investment (ROI) and how much greater your salary may increase.
It may be worth the time to pick a program that is less expensive but maintains a high-quality education experience. For example, at the University of Iowa, graduates earn median salaries close to $93,00—and the program only costs $11,250 per year.
Frequently asked questions
How much money can I make with a business analytics degree?
Business analytics graduates can make over six figures, even just a few months after the end of a program. The average salary for business analysts is around $100,000, but factors like experience level and location will play a role in salary determination.
Do business analysts make good money?
Yes, business analysts tend to earn just over double the median annual wage for all workers. There are jobs in the field available for those with a bachelor’s degree, though a graduate-level degree can certainly enhance one’s career potential.
Is business analytics a hard career?
Business analytics requires a mix of technical abilities like programming, data analysis, and data visualization as well as soft skills like communication and problem-solving.
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