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APPLY BY MAR 1 FOR
SUMMER 2023 COHORT

EXPAND YOUR DATA-DRIVEN MARKETING, FINANCE, AND OPERATIONS SKILLS

Rice University’s Online Master of Data Science Specialization in Business Analytics

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SPECIALIZE IN BUSINESS ANALYTICS

Join One of the Fastest Growing Fields

With world-class Faculty and six courses from the #12 ranked Online MBA Business Analytics Program, Rice University’s Department of Computer Science has teamed up with Rice Business to offer a unique Master of Data Science with a specialization in Business Analytics.

With both foundational and cutting-edge business analytics skills, you’ll have the necessary qualifications to:

  • Transform data into actionable business insights across cross-functional programs or functional areas like finance, operations and supply chain, market research and marketing strategy
  • Understand the context of your data to communicate effectively with managers and business executives
  • Understand the pros and cons of different analytics approaches and methodologies, helping to sell effective experiments, programs, and ultimately, investments
  • Aggregate multiple data sources, clean and optimize using data science tools like Python programming and machine learning models

Enrolling in the Online Master of Data Science Degree at Rice University and specializing in business analytics will set you up for success in your career.

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PROGRAM HIGHLIGHTS

Specialization in Business Analytics Courses

In addition to the standard courses required for a Master of Data Science degree, you will need to fulfill the following courses to qualify for the specialization.

foundations of operations management

Foundations of Operations Management

Introduction to design and integration of fundamental operations management methods for individual organizations and supply chains.

Building

Quantitative Operations

Introduction to modern data analysis in optimizing business processes, production efforts, inventory management, and supply chain management.

Teacher

Foundations of Finance

Examination of the basics of corporate finance and data analytics tools needed to answer businesses’ questions about financing, investments, and other associated topics.

Diploma

Quantitative Finance

An application of machine learning and other data analytics tools to improve investment, financing and risk-management decisions.

10 Courses

Data-Driven Marketing I

Exploration of the key concepts of marketing and how marketing works with other aspects of a business’s structure and growth trajectory. This includes market research, new product launches, customer targeting, and pricing strategies.

Holistic

Data-Driven Marketing II

Students will learn to transform data and customer insights to facilitate decision making, customer acquisition and retention, optimize pricing, and more.

The goal of the course load is to prepare students to enter the field upon completion of the degree.

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Career Outlook for Business Analytics Specialization

The data science field is growing rapidly and, according to the Bureau of Labor Statistics, the employment outlook for data science and business analysis is predicted to increase by 36% from 2021 to 2031. Data science becoming a strategic function and competitive advantage within all sectors and company sizes. With a Master of Data Science degree with a specialization in business analytics, graduates will find it easier to secure jobs in the growing data science field for businesses in nearly every industry.

What Will I Learn From the Business Analytics Specialization

By enrolling in the online Master of Data Science Program at Rice and choosing the business analytics specialization, you’ll gain important skills, including:

data engineering at work looking at charts

Acquiring the Business Acumen to Turn Data Into Insights

What is data without context? Learn to navigate, understand, and interpret data in a range of business settings, communicating findings and takeaways to business executives and applying it to help evolve strategy and improve performance.

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Foundational Knowledge Meets Forward-Thinking Skills

Your business analytics specialization includes immersion into the functions of traditional finance vs. quant finance, operations management and its digital transformation, and data-driven marketing strategy, including pricing and market research. With a broad understanding of business fundamentals, students can connect data across professional organizations to implement solutions and manage outcomes.

data engineering thinking critically

Cutting-Edge Business Analysis and Data Science Tools

Go beyond excel, VBA and SAS, learning to apply machine learning, Python programming, and other data analytics tools to improve investment, financing, risk-management and operations decisions.

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FAQs: Business Analytics Specialization

Who should specialize in business analytics?

In short, anyone with an interest or need to use data analytics to influence decision-making in a business or organizational context, whether you work in finance, operations and supply chain, management consulting, program management, market research or another business or functional area.

Job titles we see most commonly pursue the Business Analytics specialization within their online master of data science include, but are not limited to:

  • Founders (start-ups, small businesses)
  • Business Analysts
  • Data Analysts
  • Financial Analysts
  • Operations Analysts
  • Research Analysts
  • Consultants or Management Analysts
  • Database Analysts, Developers or Managers
  • HR Analysts
  • Geologists or GIS Specialists
  • Computer System Analysts
  • Program or Project Managers
  • Web Developers and Programmers
  • BI (Business Intelligence) Developers
  • Software Developers
  • and more
Why specialize in business analytics?

Across industries and sectors, most companies and organizations have realized the need to invest in Analytics and Data science capabilities in order to stay competitive and extract the most value (effectiveness and efficiency) out of their current operations. The market outlook for Data science and Analytics job growth is +36% between 2021-2031, much faster than the all-occupations average of 8%.

Large and small organizations also demonstrate different maturity levels when it comes to their data analytics competencies. While many need basic data cleansing and extraction (SQL queries), many are either experimenting with or fully operationalizing advanced data science tools like machine learning to "10x" their outcomes. Professionals are needed at all levels, from foundational data analysis to Innovation labs with the goal of experimentation. Data scientists with advanced graduate degrees are typically found in this more complex R&D or innovation work and at senior levels throughout Analytics functions.

How long does it take to complete a specialization in business analytics?

It takes students between 12 months and 3.5 years to complete the Master of Data Science Program at Rice with a specialization in business analytics. Students enrolled full-time will complete the program in as little as one year while those attending part-time will complete the coursework in 2 to 3.5 years.

How does data science business analytics depart from traditional business analytics?

Data science business analytics focuses on collecting and interpreting raw data to aid businesses in the decision-making process. Traditional business analytics looks at past business performance and trends to determine the next steps for improvement and growth. Data science business analysts work with more extensive data to solve a wider variety of problems in different industries.

Does business analytics require coding?

Within every data science specialization, you’ll need at least some coding knowledge and should be comfortable working with programming languages like Python and C++. However, that doesn’t mean that coding will be the main part of your job. Data science business analysts write code for algorithms to sort through data and collect the right types of information to help the analysts do their jobs.

What topics are included in business analytics?

Business analytics covers applied analysis, statistics, data mining, and collection and utilizes the topics to provide insights for businesses across different industries.

Is there a lot of math in business analytics?

Data science business analysts rely heavily on statistics in their work. You’ll need a firm understanding of how to utilize statistics and mathematical modeling to interpret data and identify solutions for businesses.

Is data science related to business analytics?

Data science and business analytics are separate fields, but they work well together. Data scientists use the principles of business analytics to interpret data for business owners and managers. This allows them to make smarter decisions for growth and improvement over time.

YOUR FUTURE STARTS HERE

Apply Today

If you’re ready to take control of your future and want to make a real difference in businesses’ performance, pursuing a Master of Data Science degree with a specialization in business analytics is a great choice. Request more information about the MDS@Rice program or apply today.

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