MIT Business Analytics Ranking: 3
The Massachusetts Institute of Technology has a long and sterling reputation for engineering of the highest order. In recent decades, this has extended to computer engineering and programming, and in turn to data science. Never have these subjects been more applicable than they are today, with Big Data overwhelming companies across the globe and analysts needed like never before.
Sponsored School(s)
Enter business analytics, a field that takes the best of management and operational knowledge and combines in with cutting-edge data science. The result is excellent, data-driven decision making that will help companies stay competitive in their niches – and will pave a great career path for those business analysts who know their stuff.
Interested in joining that elite? Here’s what you need to know about one of the best programs in the country: The Master of Business Analytics at the MIT Sloan School of Management.
How Long Is the MIT Business Analytics Program?
The degree describes itself as “A 12-month program focused on applying the tools of modern data science, optimization, and machine learning to solve real-world business problems.” The good news is, that means the program is short and won’t cost as much as a double-year program would – which is how many other master’s in business degrees are formatted. The bad news is, this is not a good solution for part-time students or those who don’t wish to move to Cambridge.
What Will You Learn?
This master’s degree is heavy on the data science side. Whereas others incorporate more business and soft skills, MIT hits hard at the engineering, programming, machine learning and data management. The full course list includes:
- Analytics Edge
- Optimization Methods
- Machine Learning Under a Modern Optimization Lens
- Analytics Lab
- From Analytics to Action
- Analytics Software Tools in R, Python, SQL and Julia
- Analytics Capstone Project
- Communicating with Data
- Analytics Software Tools in R, Python, SQL and Julia
- Ethics and Data Privacy
You will also need to take several electives to round out your college experience and reach the required number of credits for graduation. Moreover, a huge chunk of the spring and summer terms will be taken up with a capstone project.
What Opportunities Does the Program Offer?
There are two huge benefits to joining this program, beyond the school’s eye-catching reputation. The first is that it is STEM-certified, which allows international students to extend their visa from 12 months to 36 following graduation. This gives you, as an international student, the opportunity to study and build your resume in the United States for a further 2 years.
The second benefit is the capstone project, which uses skills learned to execute a business analytics project in a real-world scenario. This is also excellent for your resume, and will bring you into contact with professionals working in the field, who can become contacts for life.
How Can You Pay for School?
MIT is a private school, which means there is no difference in tuition for in-state versus out-of-state students. Typically a year of tuition is around $50,000. If you cannot pay out of pocket, check out the scholarships available and apply for financial aid through the federal government.
Why MIT?
With a history more than a quarter of a millennia old, it stands to reason that MIT would have a golden reputation, and it does. US News & World Report ranks in No. 3 in national universities and No. 3 in best value. It has earned further accolades in the form of No. 2 rankings for business programs and entrepreneurship, and No. 1 in a range of other relevant subjects, including quantitative analysis, production/operation management and management information systems.
Moreover, the name itself will open doors for you. MIT is internationally recognized for the excellence of its faculty and resources, and it will look amazing on a resume. Especially if you have your sights set on one of the big names – Amazon, Apple, Facebook, Google, for instance – you would do well to get your education here.
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