Business intelligence refers to information and data that effectively predicts both the immediate and distant futures of a business or organization. Business intelligence is gathered from several, sometimes disparate sources and then analyzed and presented using statistical methods, models, and other reporting techniques. An online MBA in business intelligence combines the core curriculum of an MBA degree with specialized concentrations on gathering, aggregating, and analyzing business intelligence data.
What Does an MBA in Business Intelligence Cover?
An online MBA in business intelligence degree program combines classes in core business subjects with specialized concentrations in data collection, statistical methods, and reporting techniques. Business intelligence programs may also include courses in management decision-making, database design, and global enterprise systems, as well as electives in fraud detection and database security. Graduates will be able to leverage information vital to businesses from a variety of sources and provide evidence-based decisions based on that data.
Capella University offers an online MBA in business intelligence. Students enrolled in this program study core business concepts and disciplines as well as statistical methodologies and modeling and data gathering and reporting. Capella’s program, like most online MBAs, can be completed in two years or less. Graduates may choose pursue a career as a business, financial, or management analyst.
Getting Into a Business Intelligence MBA Program
Candidates must hold at least a bachelor’s degree from a regionally or nationally accredited institution of higher learning. Capella University’s online MBA program in business intelligence requires the following for admission:
- A bachelor’s degree from an accredited institution
- GPA of 2.3 or higher on a 4.0 scale
GRE or GMAT tests are not required for admission to Capella University’s MBA program.
Why Should I Get an Accredited Business Intelligence MBA?
Before enrolling, take time to confirm that the school offering the program is accredited. Accreditation assures you that the institution has met a high standard of education and fiscal stability. Employers will generally disregard a degree from a non-accredited institution and credits from a non-accredited program may not transfer to another school
Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools. Most schools and colleges provide accreditation information on their website.
Who Should Pursue a Business Intelligence MBA?
If you are pursuing a career in business and have a strong interest in market research, data warehousing, and executive administration, you may benefit from an MBA with a concentration in business intelligence. Students enrolled in business intelligence programs generally enjoy working with computer technology, are skilled at gathering, updating, and utilizing data relevant to their field, and have strong people skills, including the ability to establish and maintain interpersonal relationships.
What Jobs Can an Online Business Intelligence MBA Get Me?
- Business Analyst: Business analysts analyze and critically evaluate business intelligence, often from multiple sources, in order to provide the helpful information both for a business and its customers. Business operations benefit and customers may be better served thanks to evidence-based conclusions drawn from business intelligence. Business analysts must be effective communicators and be able to break down and present complex data in a way that is easily understood.
- Statistician: Statisticians are like business analysts but specialize in particular fields, such as bio-statistics, agricultural statistics, and economic statistics. They are employed in a number of industries, including financial, sports, education, manufacturing, health, and government. Like business analysts, statisticians gather, organize, and analyze data and report it in a way that is comprehensible and usable. The widespread use of statistical data to make informed decisions and still-growing amount of data available on the Internet is fueling job growth for statisticians.
- Financial Analyst: Financial analysts guide individuals, businesses, and organizations in making investment decisions. They monitor the performance of stocks, bonds, and other kinds of investments, and provide regular, detailed reports of their findings. Like business analysts, financial analysts must provide information, data, and conclusions to a variety of areas in a business or organization, as well as to individuals. According to the U.S. Bureau of Labor Statistics, the growing number of financial products and need for in-depth understanding of specific geographic regions means job growth will continue on into 2020 for financial analysts.
Top Earning Industries for Jobs
- Energy or Utilities: $43,151-$88,084
- Financial Services: $40,359-$82,414
- Health Care: $39,625-$71,997
- Pharmaceuticals: $55,000-$134,376
- Clinical Research: $42,219-$124,748
- Statistics: $39,103-$115,880
- Investment Banking: $42,000-$82,518
- Financial Services: $38,989-$77,470
- Information Technology Services: $40,486-$76,600
How Do I Find Online Business Intelligence MBA Programs?
Business intelligence is a growing field, and many MBA programs are offering it as a specialty concentration as a result. The search engine of any website of any accredited college or school with a business school is a good first place to start in your search for online business intelligence MBA programs. Using Google’s search engine will lead you to MBA degree websites with links to schools that offer online MBA degrees.