The state of Texas has produced total economic value exceeding $1 trillion every year since 2006, and the state’s gross domestic product in 2018 topped $1.8 trillion. More than 575,000 employer firms operate across the state, employing nearly 10.5 million.
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Texas is now the second most-populous U.S. state, adding more people than any other state between 2017 and 2018, and its bustling economy is expansive and diverse. Nearly 1 in 5 jobs are in utilities, trade and transportation, while education, hospitality and business services account for another 10-14% each.
With multiple major metro areas and more than 50 Fortune 500 companies, Texas offers thousands of job opportunities for those with advanced training in business analytics. A Master of Business Analytics degrees opens the door to jobs in virtually any industry. After all, any company or organization needs people who can gather, analyze and make recommendations based on business data, and that’s exactly what a business analytics degree helps you do.
What business analytics programs are available here in Texas, what can individuals with master’s degrees in this area expect to earn, how does Texas compare to the rest of the U.S., and which companies in our state are looking to hire business analytics experts?
Business Analytics Salaries in Texas
Business analytics is a big tent, and dozens of different and diverse job titles fall under that category. Sure, this includes the job title of Business Analyst, but it could also include roles like Market Research Analyst or Business Consultant. These roles span everything from the highly technical to the primarily managerial.
Business analytics job titles you can find in Texas include:
- Data Scientist
- Management Consultant
- Financial Analyst
- Market Research Analyst
- Budget Analyst
- Insights Analyst
- Research Executive
- Decision Engineer
- Quantitative Modeler
- Operations Research Analyst
To understand the strength of employment figures and salaries for business analytics roles in Texas, we’ll take a deep dive into data published by the U.S. Department of Labor’s Bureau of Labor Statistics for a sampling of the applicable job titles.
The median annual salary in Texas is slightly lower than the U.S. median for three of the five sample jobs, though Texas is quite close in the jobs where the state lags.
Median annual wage, Texas vs. U.S.
| Job Title | Texas | U.S. |
| Budget Analyst | $73,170 | $76,220 |
| Financial Analyst | $83,060 | $85,660 |
| Management Analyst | $85,770 | $83,610 |
| Market Research Analyst | $70,730 | $63,120 |
| Operations Research Analyst | $77,970 | $83,390 |
Texas ranks No. 6 in the nation for the median wage for Market Research Analysts with a figure that’s more than 75% higher than the median wage for the job in Mississippi.
Median annual wage, Market Research Analyst
| Highest | |
| Delaware | $78,590 |
| New Jersey | $78,030 |
| New York | $71,460 |
| District of Columbia | $71,380 |
| Washington | $70,890 |
| Texas | $70,730 |
| Rhode Island | $69,150 |
| California | $68,770 |
| Massachusetts | $67,920 |
| Minnesota | $67,670 |
| Lowest | |
| Indiana | $51,780 |
| South Dakota | $51,750 |
| Nebraska | $51,290 |
| Wyoming | $50,400 |
| Utah | $50,000 |
| North Dakota | $49,410 |
| Louisiana | $48,470 |
| Idaho | $47,770 |
| West Virginia | $43,000 |
| Mississippi | $40,080 |
Job openings for Budget Analysts, another common business analytics job, are expected to grow by more than 15% through 2026, the third-highest rate of growth in the nation for that job. While that’s Texas’ highest-ranking growth projection for the business analytics jobs we examined, the other four have high growth rates projected as well, ranging from 17.8% for Financial Analysts to 36.2% for Operations Research Analysts.
Projected percentage growth in Budget Analyst employment (2016-2026)
| Highest | |
| Utah | 22.4% |
| Nevada | 20.0% |
| Texas | 15.2% |
| Colorado | 13.6% |
| Arizona | 12.8% |
| Georgia | 12.2% |
| Virginia | 12.1% |
| New York | 11.9% |
| Oregon | 11.8% |
| Rhode Island | 11.8% |
| Lowest | |
| Montana | 5.6% |
| Wisconsin | 5.5% |
| District of Columbia | 4.9% |
| West Virginia | 4.5% |
| Maryland | 3.5% |
| Iowa | 3.3% |
| Kentucky | 2.5% |
| New Hampshire | 0.0% |
| Vermont | 0.0% |
| Alaska | -3.6% |
Texas is home to six of the 25 largest cities in the United States, and salaries for business analytics roles vary widely depending on geography.
Median annual wage, Texas vs. select cities
| Job Title | Texas | Dallas | Houston | Austin |
| Budget Analyst | $73,170 | $78,570 | $80,930 | $66,500 |
| Financial Analyst | $83,060 | $84,230 | $87,590 | $80,160 |
| Management Analyst | $85,770 | $85,500 | $99,120 | $82,080 |
| Market Research Analyst | $70,730 | $74,740 | $72,430 | $73,640 |
| Operations Research Analyst | $77,970 | $77,820 | $82,630 | $72,970 |
Texas Business Analytics Degree Programs
Texas colleges and universities are among the most prestigious in the world, with options for both private and public institutions. In addition to the state’s growing role as a favored location for startups (venture capital value was estimated at $790.4 million in early 2019), the business education landscape in Texas is one of the best in the U.S., offering both challenges and opportunities.
Here’s a look at some of the colleges and universities in Texas that offer applicable degrees:
Business Analytics Degree Jobs in Texas
As the second largest state in the U.S., business-related jobs in Texas are not hard to come by. With continued growth expected in the Texas economy, individuals with exceptional training in business analytics should have plenty of good job options.
SEE ALSO: Masters in Business Analytics Salary Outlook
Here is a sampling of the companies, organizations, agencies and other groups that had posted openings for business analytics professionals in Texas in mid-2019:
- Ascension
- Gallagher
- Transamerica
- Lockheed Martin
- USAA
- Pitney Bowes
- Experian
- UT Health San Antonio
- Whole Foods Market
- P. Morgan Chase & Co.
- Varidesk
- S. Department of Defense
- Shell
- S. Air Force
- Texas Health and Human Services Commission
- Vrbo
- University of Texas-Austin
- Visionworks
- Valero
- Spurs Sports and Entertainment
Conclusion
Earning a Master of Business Analytics degree could be the best decision you make in your career. That’s because there isn’t any business, government agency, hospital, nonprofit or any other organization that isn’t or won’t soon be focused on gathering and analyzing data in order to inform better decision-making. Getting an advanced degree in business analytics positions you as an expert in business and data, merging the past and the future.
References
Note: Information on recent job openings was gathered from Indeed.com and Glassdoor.com in late July 2019.
U.S. Bureau of Labor Statistics, Occupational Employment Statistics Query System, Custom Tables. (Undated). Accessed from https://data.bls.gov/oes/#/home
Federal Reserve Bank of St. Louis, Total Gross Domestic Product for Texas. (2019). Retrieved from https://fred.stlouisfed.org/series/TXNGSP
U.S. Census Bureau, Quick Facts, Texas. (2018). Retrieved from https://www.census.gov/quickfacts/TX