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QS Rank:

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10

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The University of Chicago

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Illinois

United States

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Program Rank

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30

The Master of Science in Business Analytics (MSBA) at The University of Chicago is meticulously designed for aspiring data professionals who seek to carve a niche in the rapidly evolving landscape of analytics. This STEM-designated program equips students with the skills and knowledge necessary to analyze vast datasets effectively, enabling them to generate valuable insights through a plethora of advanced techniques such as data visualization, statistical modeling, and data mining. As the world becomes increasingly data-driven, the demand for proficient analysts who can interpret and leverage data to make informed business decisions grows exponentially. The MSBA program is tailored to meet this growing need, providing a holistic approach to analytics that combines technical acumen with a solid foundation in business principles.

Within the program's comprehensive curriculum, students will engage with a range of topics that emphasize industry relevance and practical application. The MSBA covers essential areas such as business intelligence, applied statistics, machine learning, text analytics, optimization, and 'big' data analytics. This breadth of knowledge ensures that graduates are not only adept at handling data but are also capable of translating their findings into actionable strategies that drive business success. The program's design facilitates a deep understanding of how analytics can be applied across various functions, including finance, marketing, and operations, thereby preparing students to create impactful analytics strategies within organizations.

One of the most significant advantages of the MSBA program is its focus on experiential learning. Students will have the opportunity to collaborate on real-world analytics projects, gaining invaluable experience that goes beyond theoretical knowledge. Exposure to various industry experiences enables students to develop their analytical skills in practical settings, making them highly competitive in the job market. Furthermore, the program encourages collaboration among students from diverse backgrounds, enhancing the learning experience and fostering a collaborative spirit that is crucial in today’s multifaceted business environment.

Alongside the rigorous academic framework, the MSBA program at The University of Chicago boasts a distinguished faculty comprising industry experts and leading researchers in the field of analytics. These professionals not only deliver high-quality instruction but also mentor students, offering insights drawn from their extensive professional networks. This connection between faculty expertise and student learning is pivotal in shaping graduates who are well-prepared to tackle the challenges presented by the analytics landscape. With a commitment to innovative teaching methodologies, the faculty encourages critical thinking and fosters an environment where students can explore and experiment with data-driven decision-making.

In tandem with the robust academic offerings, the program provides numerous opportunities for research and professional development. Students can engage with various resources, including analytics labs and workshops, that allow for hands-on experience with cutting-edge tools and technologies. Additionally, the program's partnership with industry leaders facilitates networking opportunities, internships, and potential job placements, giving students a competitive edge. Graduates of the MSBA program will find themselves well-positioned for a myriad of career pathways in analytics, including roles such as International Business Analyst, Data Engineer, Business Intelligence Developer, and more.

Why Study Business Analytics at The University of Chicago?

  • Learn from a distinguished faculty with extensive experience in analytics and a commitment to cutting-edge research.
  • Gain hands-on experience through industry-relevant projects, research opportunities, and access to state-of-the-art facilities.
  • Benefit from a strong network of industry connections leading to internships and job placements, facilitating a smooth transition into the workforce.
  • Engage in a collaborative learning environment with diverse peers, enhancing the educational experience through shared insights and perspectives.
  • Enjoy a high graduation rate of 95% and a job placement percentage of 96%, reflecting the program's effectiveness in preparing students for successful careers.

The admissions process for the MS in Business Analytics is designed to identify candidates who are not only academically accomplished but also possess a passion for analytics. Applicants must submit a comprehensive set of materials, including transcripts, standardized test scores (TOEFL, IELTS, GRE, GMAT, or PTE), a personal statement detailing career goals and their fit with the program, a curriculum vitae, and letters of recommendation—both academic and professional. The application fee is $70, and candidates should be aware of the application deadlines: for Spring, the standard deadline is September 1, 2024, while the final deadline for Fall applications is April 1, 2024.

In conclusion, the Master of Science in Business Analytics at The University of Chicago represents an exceptional opportunity for individuals seeking to excel in the analytics field. With a rigorous curriculum, experienced faculty, industry connections, and a strong track record of graduate success, the MSBA program is poised to empower the next generation of leaders in analytics. By enrolling in this program, students are taking a decisive step towards becoming analytical thinkers who can harness the power of data to drive business innovation and growth.

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Total Tuition Fees

$63,872

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Duration

12 Months

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Median Salary

$89,000

Ranking

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#6

US World and News Report

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#13

The World University Rankings

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#10

QS World University Rankings

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Intake

Spring ( Apr - June )

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Fall ( Sept - Nov )

Class Profile

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Class Size

1878

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Average Age

28

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Average Work Experience

2 Years

Diversity

Others:

10%

Native American:

1%

Hispanic American:

10%

International:

19%

African American:

9%

Asian American:

28%

White American:

23%

Career Outcomes

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Median Earnings After Graduation

$89,000 / year

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Graduation Rate

95%

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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

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Eligibility Criteria

English Proficiency Tests

  • TOEFL

    80

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  • IELTS

    6.5

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  • PTE

    54

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Application Requirements

Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

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Application Fee: 70

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    Transcript

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    TOEFL

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    IELTS

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    GRE

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    GMAT

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    PTE

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    Personal Statement

    251

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    Curriculum Vitae

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    Academic LOR

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    Professional LOR

Application Deadlines

Final DeadlineStandard Deadline
FallApr 1, 2024N/A
SpringN/ASep 1, 2024

Fees and Funding

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Tuition Fees

$63,872 / year

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Overall Cost

$88,832 / year

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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.

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