Name: Master of Science
Price: 63872 USD

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QS Rank:

The University of Chicago

Illinois

United States

Program Rank

Overview

The MS in Business Analytics is a STEM designated program* providing you with the skill set necessary to analyze large data sets and generate insights through techniques in data visualization, statistical modeling and data mining. The degree will provide you with a holistic approach to the field and develop expertise in data management, machine learning and predictive analytics, along with a strong business foundation *(CIP Code 52.1301).

The curriculum emphasizes industry experience, exposure and collaboration across a variety of analytics projects. Every industry is using technology to generate new data and they need analysts to interpret that data to understand customers, develop new products and enhance revenue

The MSBA curriculum includes courses covering current topics on business intelligence, applied statistics, data mining, machine learning, text analytics, data visualization, optimization and ‘big’ data analytics. The curriculum integrates knowledge and training on technical topics with business applications and functions, such as finance, marketing and operations to understand analytics strategy and practice in organizations. Various analytics-related business electives allow students to focus on specific business areas.

Total Tuition Fees

$63,872

Duration

12 Months

Median Salary

$89,000

Ranking

US World and News Report

#13

The World University Rankings

#10

QS World University Rankings

Intake

Spring ( Apr - June )

Intake

Fall ( Sept - Nov )

Class Profile

Class Size

1878

Average Age

Average Work Experience

2 Years

Language Test Scores

Minimum Score

80 / 120

Minimum Score

6.5 / 9

Minimum Score

54 / 90

Diversity

Others:

10%

Native American:

Hispanic American:

10%

International:

19%

African American:

Asian American:

28%

White American:

23%

Admissions

Application Deadlines

Spring

Round	Deadline	Decision
Standard Deadline	Sep 1	NA

Eligibility Criteria

Applicants are considered on an individual basis. In addition to the Graduate College minimum requirements, applicants must meet the following program requirements:

Baccalaureate Field Individuals from all baccalaureate fields are encouraged to apply. The exact course requirements will be determined based on an individual’s baccalaureate field and work experience. All applicants must have had the following background course work: mathematics through the level of calculus covering integration and differentiation, and statistics through regression analysis.
Grade Point Average At least 3.00/4.00 for the final 60 semester hours (90 quarter hours) of undergraduate studies. Applicants with a master’s degree must have maintained a GPA of at least 3.00/4.00 in that program.
Tests Required GMAT or GRE taken within five years of entry into the program.
UIC and UIUC students or alumni (graduated within five years of applying) with a cumulative GPA of 3.00/4.00 and a GPA of 3.00/4.00 in selected IDS-related courses will be waived from the GMAT or GRE requirement.

Application Requirements

What Really Matters When Applying

Transcript
Required
TOEFL
Required
IELTS
Required
GRE
Required
GMAT
Required
PTE
Required
Personal Statement
Required
Curriculum Vitae
Required
Academic LOR
Required
Professional LOR
Required
Application Fee
70

Career Outcomes

Median Earnings After Graduation

$89,000 / year

Graduation Rate

95%

Job Placement

96%

Prospective Job Roles

International Business Analyst

Business Analyst

Analytics Manager

Data Engineer

Data Visualization Specialist

Business Intelligence Analyst

Data Architect

Big Data Specialist

Business Intelligence Developer

Data Science Manager

Top recruiters

Fees and Funding

Tuition Fees

$63,872 / year

Overall Cost

$88,832 / year

Average Total Aid Awarded

$65,176 / year

Funding Options

Department Funding

Scholarships

Nearly $20 million in need-based financial aid has been offered to international students at UChicago over the past four years, and a recent gift of $35 million for international financial aid has strengthened the University’s commitment to enrolling a diverse and talented student body from around the world. International students should apply for financial aid at the time they apply to UChicago for admission.

International students are eligible for financial aid only if they apply for funding during the admissions process, and will not be eligible for financial aid after receiving their admissions decision or during their four years in the College. If you think you will need financial aid at any point during your four years at UChicago, you should apply for financial aid when you apply for admission.

Because the Office of College Admissions, not the Office of Financial Aid, reviews all applications for international financial aid, please contact the College Admissions Team with questions about financial aid for international students.

Merit Scholarships for International Students

To recognize applicants for their outstanding academic and extracurricular achievement, demonstrated leadership, and commitment to their communities, we offer merit scholarships to international applicants. Merit scholarships are partial-tuition scholarships that may be a single lump-sum award, or a renewable annual award. Merit scholarships are considered independently of an applicant’s financial situation, so if an applicant thinks he or she may require financial assistance to fund his or her college education, the applicant must submit an application for need-based financial aid. The vast majority of financial aid at UChicago is given out in the form of need-based aid, and applicants should not rely on merit scholarships to fund their college education.

All first-year applicants are automatically considered for merit scholarships; no additional application is required. International transfer students are not eligible for merit-based scholarships. Scholarship winners will receive notification of their awards on a rolling basis through the end of April. Please note that only merit scholarship winners are notified.

FAQs

All applicants must upload a CV/resume when applying. MBA applicants are required to have at least two years of professional work experience after the completion of a 4-year bachelor’s degree. Military experience completed before or during a bachelor’s degree may be considered toward professional experience and may warrant a waiver. Work experience is not required for the specialized master’s programs
Minimum Semester Hours Required 32. Course Work No more than two 400-level courses may be used to count toward degree requirements. Students entering the program with sufficient background in any of the required core courses may, with the approval of the director of graduate studies, take an advanced analytics elective in its place. Prerequisite Courses -1)Technical Prerequisites , 2)Business Prerequisites , 3)Required Courses , 4) Electives , 5) Analytics Electives 6) Business Electives 7) Comprehensive Examination None. 8) Comprehensive Examination -None. 9)Thesis, Project, or Course Work Only Options Course work only. The required capstone course (IDS 560) ties together the technical material in the core courses and electives with discussion and cases to address issues related to analytics strategy for organizations and effective analytics practice. This course further integrates this material with project work that involves either detailed study of analytics strategy and practice in organizations, or development of analytics related solutions for specific problems. Such projects, organized as part of the capstone course, can be driven by specific client needs, or framed around problems as currently encountered in practice.
pplicants are considered on an individual basis. In addition to the Graduate College minimum requirements, applicants must meet the following program requirements: Baccalaureate Field Individuals from all baccalaureate fields are encouraged to apply. The exact course requirements will be determined based on an individual’s baccalaureate field and work experience. All applicants must have had the following background course work: mathematics through the level of calculus covering integration and differentiation, and statistics through regression analysis. Grade Point Average At least 3.00/4.00 for the final 60 semester hours (90 quarter hours) of undergraduate studies. Applicants with a master’s degree must have maintained a GPA of at least 3.00/4.00 in that program. Tests Required GMAT or GRE taken within five years of entry into the program. UIC and UIUC students or alumni (graduated within five years of applying) with a cumulative GPA of 3.00/4.00 and a GPA of 3.00/4.00 in selected IDS-related courses will be waived from the GMAT or GRE requirement. Minimum English Competency Test Score TOEFL 80, with subscores of Reading 19, Listening 17, Speaking 20, and Writing 21 (iBT Test); 60, with subscores of Reading 19, Listening 17, Writing 21 (revised Paper-Delivered Test), OR, IELTS 6.5, with subscores of 6.0 for all four subscores, OR, PTE-Academic 54, with subscores of Reading 51, Listening 47, Speaking 53, and Writing 56. Letters of Recommendation Two required. Personal Statement Required.
GMAT/GRE Waivers For fall 2024 applicants, the MS in Business Analytics program offers GMAT/GRE waivers for the following: Graduates of U.S. colleges and universities with 3+ years of post-bachelor’s professional work experience by the start of the program Current students and graduates of U.S. colleges and universities with a 3.0+ cumulative GPA (all majors) Current students and recent alums of the U of I system who qualify through Preferred Admissions Please complete the GMAT/GRE waiver request form to find out if you qualify. Please note that competitive GMAT/GRE scores may help your chances of admission and being awarded merit aid.
UIC and UIUC students or alumni (graduated within five years of applying) with a cumulative GPA of 3.00/4.00 and a GPA of 3.00/4.00 in selected IDS-related courses will be waived from the GMAT or GRE requirement.
Required Materials The International Financial Aid Worksheet, available in the UChicago Account Supporting Documentation The International Financial Aid Worksheet The International Student Financial Aid Worksheet should be filled out and submitted online, through a student’s UChicago Account. Please note that this is the only form available for non-US citizens and non-US permanent residents applying for financial aid at UChicago. Supporting Documentation You will be asked to upload additional documentation that verifies your family’s income and asset information — tax forms, a statement from an employer, a bank statement, or another form of documentation. Once the International Financial Aid Worksheet has been submitted, students can also submit these supporting documents, as well as any explanation for unusual circumstances, online through their UChicago Account. Under the Upload Materials section, choose the “Foreign Aid Application Supporting Docs” option from the drop-down menu. Please note: International aid applicants should not submit the CSS Profile or the FAFSA, and the Certification of Finances form need not be submitted with an applicant’s financial aid application.