Business analytics is a field that is poised for takeoff, making it a great career opportunity.
The area of data science will affect all industries, making it a valuable tool for the future. If you’re interested in learning more about the field and why it may be a great area of study to explore, consider the points below.
Business Analytics is a Quickly Growing Field
When you’re choosing any career field, job opportunities should be plentiful.
This way, you know that the degree you receive can be put to good use and that you can work in any state or around the world.
All studies indicate that business analytics is alive and well as an industry — and it’s only growing. For example, studies suggest that we will see more than 2.7 million job postings in the field of business analytics by the year 2020.
What’s more, the field currently has a shortage of people who are qualified to fill these positions.
What this means is that if you get in the door now by learning the skills, the world is your oyster as it pertains to this career path. You will be able to beef up your resume and see to it that you can fill a position and get the job done.
This is one of the hottest industries in the world right now due to companies using artificial intelligence, Big Data, machine learning and other forms of analytics. By taking a serious look at how companies operate, it becomes easier to help them thrive and figure out strengths and liabilities.
The Methods of Entry are Plentiful
Not only is the potential for jobs high, but there are also numerous ways to crack into the field. When you are looking at colleges to attend, you don’t have to just hone in on one degree track if you would like to get into business analytics.
Some of the bachelor’s degree program that can help you get started in this field include cybersecurity, data science, economics, management, and marketing analytics.
Many universities have stellar degree programs in these areas of focus.
More than the degree itself, it is all about the experience you have and the networking you put in in order to make you a viable candidate.
If you know early in your degree track that you would like to get into data science, you should take internships and find mentors that can help you accordingly.
You Have Plenty of Certification Opportunities
In tech-centric fields, it’s all about the certifications.
Certifications can be the difference between several thousand dollars of your salary and whether or not you’re qualified for a specific job.
When it comes to business analytics, some certifications you will definitely want to pay attention to include Certification of Capability in Business Analysis (CCBA) and Certified Business Analysis Professional (CBAP).
Understanding these certifications will help you embark on the right turn for your preferences.
There are Several Job Titles You Can Explore
There are countless ways to earn your living in the analytics field. The job titles are plentiful and each carries its own stimulation and responsibilities.
The job role of a data scientist alone can be broadly different depending on your area of focus. For example, some data scientists focus on computer science while others place more emphasis on theory and analysis.
A data business analyst is responsible for conducting research that can be turned into action to push a business ahead.
Aside from job titles, these roles are critical no matter what sort of business enterprise a company runs. You will see these job titles flourish in everything from tech fields to finance, marketing and sports.
The Pay is Excellent
While money isn’t everything, there’s plenty of it to go around in a business analytics career.
The salaries in this field are healthy no matter where you live.
People in this field generally earn salaries between approximately $104,000 and $132,000 per year. You can only expect these salaries to go up when you build your qualifications and skills.
By making yourself a more attractive job candidate, it is easier for you to earn a significant salary with benefits and travel opportunities.
You’ll Get to Travel and Network While Honing Your Craft
Since this field is growing by leaps and bounds, networking is a fundamental part of the job.
You’ll be expected to attend conferences and stay up to speed on the latest information in the field. Having the chance to travel like this for work allows you to not only become more seasoned as a professional but enjoy the perks of the job and the fruits of your labor every step of the way.
This also gives you every chance to link up with the best and brightest minds in the field, so that you are able to continuously learn and bolster your own career.
You will become a brand that is always becoming better and more capable as you learn to network with others.
Keep Learning About Data Science Careers
So there you have it — with business analytics on the rise, it’s a good time to consider a shift of focus. Whether you’re enrolling in college or looking to shift focuses, this is a move that you can’t go wrong with.
Data science is a vast field, so it’s important to stay up to date as much as possible. Check out our resources to learn more about data science and how you can use it to earn a living.