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Business Analytics studies data in order to identify patterns or trends that can then be used to predict future patterns or trends, allowing businesses to make better decisions. We live in a time when large amounts of data are being collected, in almost every aspect of society—and there is a tremendous demand for people with analytics skills. The U.S. Bureau of Labor Statistics predicts a strong demand for people with business analytics skills well into the next decade.
The Business Analytics minor curriculum has two required courses: Business Analytics I and Business Analytics II. The Business Analytics I course provides students with the fundamental concepts and tools needed to understand the emerging role of business analytics in organizations. The course covers managerial statistical tools in descriptive analytics and predictive analytics, including probability distributions, sampling and estimation, statistical inference, and regression analysis. Students also learn how to communicate with analytics professionals using basic data visualization techniques to effectively use and interpret analytic models and results for making better business decisions. The second required course, Business Analytics II, provides students with advanced concepts and tools needed to understand the role of business analytics in organizations. Topics would include forecasting, risk analysis, simulation, data mining, and decision analysis. Emphasis is on applications, concepts and interpretation of results as well as conducting statistical analyses. The BA minor also consists of three electives that students can use to develop skills and knowledge in a specialized area of business analytics.
Job Title | Salary Range |
---|---|
Management Analysts | $54,680 - $169,960 |
Operations Research Analysts | $60,660 - $168,270 |
Market Research Analysts and Marketing Specialists | $44,670 - $154,440 |
Statisticians | $58,670 - $164,300 |
* Sources of Information: United States Department of Labor: Bureau of Labor Statistics (2020). For more information about careers and assistance in making your career plans, please contact Career Services (cahill@ramapo.edu) or visit www.ramapo.edu/careercenter/.
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