October 2, 2022

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Business Analytics Job for Graduates in 2022

“As a graduate looking for your first job, you’re faced with tough choices. This article will provide pointers on what you need to consider about the different jobs that are available.”

Business analytics is an important field of study for people who want to work in the digital world. Business analytics professionals help companies and organizations make more intelligent decisions in all areas of their operations, including marketing, sales, human resources and product development. With automation leading to massive job displacement, finding a safe haven as a business analytics professional is vital if you’re looking to remain relevant over the long term.

Here are some facts about the current state of business analytics jobs:

The BLS expects employment data of business analytics professionals will grow by 8.3% between 2016 and 2026, with a median annual salary of $83,170. That’s not as rapid growth as other quantitative job fields like finance, where the BLS projects an increase in employment of 14.1% over the same period. However, a recent study from recruiting firm Robert Half International predicts that the number of businesses seeking business analytics professionals will grow by 9% annually between now and 2018.

About 1 in 4 job ads seek business analytics professionals, while the average employer seeks 3.8 of them. Job postings from Procter & Gamble (P&G), a Fortune 500 company, are the most common to seek qualified business analytics professionals, and job ads for P&G were nearly 47% more frequent than the average over the past year. In addition to P&G, Google, eBay and Coca-Cola are among the top companies to hire for in this field.

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Swarthmore College, Pomona College and Rosalind Franklin University offer undergraduate degrees in business analytics. Institutions like Georgetown University and Johns Hopkins University offer graduate degrees as well. Schools like Babson and Carnegie Mellon also offer both undergraduate and graduate degrees in this field.

In recent years, top employers like Uber, Facebook and Google have come under fire for their business practices and the lack of diversity in their workplaces. Uber was recently sued by Waymo, a self-driving car unit owned by Alphabet, which is Google’s parent company. The lawsuit alleges that Uber stole trade secrets related to self-driving car technology developed at Alphabet. Alphabet is looking for $1 billion in damages from Uber, as well as an injunction barring it from using the stolen technology. The lawsuit emphasizes how important business analytics professionals are now to both legal battles and corporate decision making.

What is business analytics?

Business analytics is the use of mathematical and statistical methods to create new insights into data. Business analysts rely on a wide range of data to make more informed decisions, including internal as well as external sources. Many business analytics professionals work in marketing, where they analyze both internal and external data to make better predictions about consumer behavior, while others may work in finance or accounting.

How do I get started?

If you want to become a business analytics professional, choose a school that offers courses in the subject with an emphasis on quantitative analysis and data science. If you don’t get enough exposure at school, consider completing an internship or volunteering at organizations that could help you gain experience in this field over time.

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Most importantly, you need to think about how you can apply this field to your career objectives. For example, if you’re interested in marketing, consider the types of products that your preferred brands sell and how information technologies like the Internet, online marketing and mobile devices are used to promote their offerings and engage consumers.

Why is business analytics important?

Businesses use business analytics to improve efficiency, customer satisfaction and competitive advantage by creating new intelligence from data. Business analytics professionals understand how to analyze data in ways that make business more efficient and effective; they help organizations make better financial decisions that help them navigate evolving markets, as well as providing better products or services for consumers.

Conclusion

Business analytics is an exciting field that can open countless doors for you in any industry. Business analysts who understand how to analyze data efficiently and effectively can improve both their own performance and the performance of their organizations.